Quantum Computing Leader D-Wave Raises $400 Million

Los Angeles, California – July 2, 2025 – D-Wave Quantum (NYSE: QBTS), recognized as the first commercial provider of quantum computing systems and services, has successfully generated $400 million in revenue from a recent “at-the-market” equity offering. This program, which ran from June 11th to June 27th, concluded with an average stock price of $15.18. This amount represents an impressive 149% increase over the average stock price of $6.10 from a previous $150 million program completed in January.

The company intends to utilize these funds mainly for general corporate purposes, which include strategic acquisitions, as well as enhancing working capital and capital expenditures.

“We aim to become the strongest financial foundation for public, independent quantum computing firms. Our focus will be on investing in acquisitions and initiatives that bolster our position as the sole commercial quantum company with real-world applications,” a spokesperson mentioned.

D-Wave is a frontrunner in quantum computing, providing both annealing and gated quantum computer models. Their mission involves enabling clients to harness the benefits of quantum technology. The largest quantum computers are available for use either on-premises or through the cloud, offering high availability. Over 100 organizations have placed their trust in D-Wave to tackle complex computation challenges, with more than 200 million issues processed to date across various applications, including optimization and artificial intelligence.

While this press release contains forward-looking statements, it’s crucial to recognize the inherent risks and uncertainties involved. Factors beyond management’s control may significantly impact actual outcomes. Readers are encouraged to consider these risks when making investment decisions based on the contents herein.