TLDR
- D-Wave Quantum stock jumped 7.8% on Thursday and another 11.5% the following week, trading at $28.34 per share.
- The company announced its first-ever Qubits Japan 2025 quantum computing user conference in Tokyo.
- D-Wave reported an 83% increase in bookings for annealing quantum computing technology in the Asia Pacific region.
- A pilot project with North Wales Police in the UK reduced emergency response times by nearly 50% using quantum computing optimization.
- The company maintains a $9.5 billion market cap but generates only $22.3 million in annual revenue and lost over $280 million in the last 12 months.
Shares of D-Wave Quantum climbed 7.8% in afternoon trading Thursday. The stock continued its run with another 11.5% gain the following week.

The quantum computing company reached a trading price of $28.34 per share. The gains came after several company announcements.
D-Wave announced it will host its first-ever Qubits Japan 2025 quantum computing user conference in Tokyo. The company positioned the event as a response to growing interest in the Asia Pacific region.
The firm describes itself as the world’s first commercial supplier of quantum computers. D-Wave builds both annealing and gate-model quantum computers.
Bookings Growth in Asia Pacific
D-Wave reported an 83% increase in bookings for its annealing quantum computing technology across the Asia Pacific region. The company did not disclose specific revenue figures from these bookings.
The firm currently generates $22.3 million in annual revenue. That number represents growth of more than 150% over the past year.
Revenue growth hasn’t translated to profits yet. The company lost over $280 million in the last 12 months. That’s double its losses from 2024 alone.
Analysts expect the company won’t turn a profit until at least 2030. The projections come from S&P Global Market Intelligence.
UK Police Partnership Shows Results
D-Wave announced a proof-of-technology project with North Wales Police earlier in the week. The partnership used quantum computing to optimize police vehicle placement for emergency response.
The system helped police determine the best locations to position their vehicles. The goal was to reduce travel time to likely incident locations.
Results showed the quantum application reduced average incident response time by nearly 50%. CEO Dr. Alan Baratz called the test proof of quantum’s real-world potential across private and public sectors.
D-Wave did not disclose whether it received revenue from the UK police pilot project. The company did not specify terms of the partnership or future plans.
The stock now trades at 426 times annual sales. The company carries a market cap of $9.5 billion against its $22.3 million in trailing-12-month sales.
D-Wave’s gross margin stands at 82.46%. The stock has a 52-week range between $0.87 and $29.18 per share.
Trading volume reached 39,166,366 shares. Average volume sits at 45,653,245 shares.
The company continues to operate at a loss despite revenue growth. Bookings increases in Asia Pacific have not yet converted to reported profits.