D-Wave and Rigetti show contrasting revenue trends as quantum stocks face high risks
Science · First reported 2 Nov, 06:17 · Updated 06:46
A comparison of the two quantum-computing companies highlights D-Wave’s FY 2025 revenue growth and Rigetti’s decline, alongside substantial losses at both. The article favors D-Wave for 2027, citing its broader technology offering and customer orders, while noting risks and volatility for both companies. (a51cec1f-52a3-4ff1-afbf-3b721d1f0391; 0a04306d-5be1-4feb-8d6f-9a146cf8af58)
- For FY 2025, D-Wave reported $24.6 million in revenue, up 178.5% year over year, and a $355.1 million net loss; Rigetti reported $7.1 million in revenue, down 34.3%, and a $216.2 million net loss. (a51cec1f-52a3-4ff1-afbf-3b721d1f0391; 0a04306d-5be1-4feb-8d6f-9a146cf8af58)
- D-Wave offers annealing and superconducting technologies, while Rigetti operates a full-stack quantum-classical platform and relies on government contracts for over 90% of its 2025 revenue. (a51cec1f-52a3-4ff1-afbf-3b721d1f0391; 0a04306d-5be1-4feb-8d6f-9a146cf8af58)
- The Motley Fool article favors D-Wave for 2027, pointing to its broader technology approach and $35.5 million in customer orders during the first half of 2026; it also reports revenue declines for D-Wave and a rebound for Rigetti during that period. (a51cec1f-52a3-4ff1-afbf-3b721d1f0391)
Summary written by Lux AI from 2 articles
Key facts
- D-Wave FY 2025 revenue
- $24.6 million, up 178.5% year over year (a51cec1f-52a3-4ff1-afbf-3b721d1f0391)
- D-Wave FY 2025 net loss
- $355.1 million (a51cec1f-52a3-4ff1-afbf-3b721d1f0391)
- Rigetti FY 2025 revenue
- $7.1 million, down 34.3% year over year (a51cec1f-52a3-4ff1-afbf-3b721d1f0391)
- Rigetti FY 2025 net loss
- $216.2 million (a51cec1f-52a3-4ff1-afbf-3b721d1f0391)
- Rigetti government-contract revenue share
- Over 90% in 2025 (a51cec1f-52a3-4ff1-afbf-3b721d1f0391)
- D-Wave first-half 2026 customer orders
- $35.5 million (a51cec1f-52a3-4ff1-afbf-3b721d1f0391)
Source spectrum
Left 0 · Centre 2 · Right 0 of 2 rated sources
Background
- Next Technology Holding’s board authorized a possible sale or pledge of about 5,833 BTC, citing exchange security and quantum-computing concerns; no transaction had been completed. (b5d92707-0bca-4815-bf2d-8c694c3ebb17)
- Intel agreed to acquire quantum software company Classiq, with completion expected in the first half of 2027, subject to approvals and customary conditions. (4723b970-439c-4974-8766-5d0d7d24b398)
All coverage
Coverage over time
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Ownership
- Unknown 100% (2)
Share of the 2 sources by owner type.