D-Wave Quantum Inc. (NYSE:QBTS) is one of the Best Quantum Computing Stocks to Invest In Right Now. On November 10, Benchmark analyst David Williams lifted the price target on the company’s stock to $35 from $20, while keeping a “Buy” rating. As per the firm, D-Wave Quantum Inc. (NYSE:QBTS)’s Q3 2025 saw healthy progress with continued momentum for broader commercialization and sustainable profitability. Notably, the company saw bookings to the tune of $2.4 million, reflecting a rise of ~$100,000 or 3% YoY, and a rise of 80% compared to Q2 2025.
Also, after the close of the quarter, the company signed a EUR 10 million agreement to place a D-Wave Advantage2 system in Europe. In Q3 2025, D-Wave Quantum Inc.’s revenue rose by $1.9 million, or 100% YoY, to $3.7 million, with the rise mainly aided by revenue from a system upgrade project of $1.8 million and higher professional service revenue of $0.2 million. This was partially mitigated by a reduction in QCaaS revenue of $0.2 million.
D-Wave Quantum Inc.’s adjusted EBITDA loss for Q3 2025 amounted to $20.6 million, reflecting a rise of $6.8 million, or 49% YoY. This increase was mainly because of increased operating expenses, partly mitigated by higher gross profit.
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This article is originally published at Insider Monkey.
