D-Wave Systems
Financials
Estimates*
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenues | 5.2m | 6.3m | 7.2m | 8.8m | 10.1m | 19.8m |
| % growth | - | 22 % | 14 % | 22 % | 15 % | 96 % |
| EBITDA | (13.7m) | (28.4m) | (50.7m) | (81.1m) | - | - |
| % EBITDA margin | (266 %) | (452 %) | (707 %) | (926 %) | - | - |
| Profit | (10.0m) | (31.5m) | (51.5m) | (82.7m) | - | - |
| % profit margin | (194 %) | (502 %) | (718 %) | (944 %) | - | - |
| R&D budget | 20.4m | 25.4m | 32.1m | 37.9m | - | - |
| R&D % of revenue | 396 % | 405 % | 448 % | 432 % | - | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
| - |
| N/A | - |
$20.0m | Convertible | ||
$10.0m | Grant | ||
| N/A | N/A | Secondary | |
| N/A | $28.0m | Late VC | |
$38.0m | Late VC | ||
$40.0m | Grant | ||
* | $300m Valuation: $1.2b 191.1x EV/LTM Revenues -42.3x EV/LTM EBITDA | SPAC IPO | |
* | $40.0m Valuation: $1.2b 191.1x EV/LTM Revenues -42.3x EV/LTM EBITDA | SPAC Private Placement | |
* | $2.8m | Grant | |
* | N/A | $50.0m | Post IPO Debt |
| Total Funding | €361m | ||
Recent News about D-Wave Systems
EditD-Wave Systems Inc. is a pioneering company in the field of quantum computing, dedicated to providing practical solutions for real-world business applications. The company primarily serves clients in manufacturing, logistics, biotech, and pharmaceuticals, helping them leverage quantum computing to solve complex problems more efficiently and cost-effectively.
Operating in the emerging market of quantum computing, D-Wave focuses on developing and deploying quantum applications that address specific industry challenges. For instance, in manufacturing and logistics, their quantum solutions optimize job shop scheduling, employee and resource allocation, and vehicle routing. In the biotech and pharmaceutical sectors, D-Wave's quantum applications aid in drug discovery, clinical development, medical imaging, early disease detection, and genomics.
D-Wave's business model revolves around providing access to their quantum computing technology through a combination of hardware, software, and cloud-based services. They generate revenue by offering quantum computing systems, cloud-based quantum computing services, and consulting services to help businesses integrate quantum solutions into their operations. Additionally, D-Wave fosters a community of quantum developers by providing resources such as code samples, documentation, and forums to facilitate the development of new quantum applications.
The company's latest innovation, the Advantage2 prototype, showcases significant advancements in quantum computing performance. With 1,200 qubits and 10,000 couplers, this new prototype offers a 20x faster time to solution for complex optimization problems, making it a powerful tool for applications like machine learning.
In summary, D-Wave Systems Inc. is at the forefront of practical quantum computing, enabling businesses to harness the power of quantum technology for improved efficiency and innovation.
Keywords: Quantum Computing, Optimization, Manufacturing, Logistics, Biotech, Pharmaceuticals, Cloud Services, Quantum Applications, Advantage2 Prototype, Machine Learning.