D-Wave Quantum Inc. (QBTS) stock climbed more than 10% Thursday following the release of fourth-quarter 2025 financial results that demonstrated significant momentum in the quantum computing sector. The company reported 179% revenue growth for the period and achieved accelerated bookings that exceeded analyst expectations, signaling robust demand for its quantum computing systems and services.
Momentum has carried into the new fiscal year, with D-Wave announcing over $30 million in order bookings during January 2026 alone. A notable $20 million contract with Florida Atlantic University underscores growing adoption of quantum computing technology in the academic and research sectors. The bookings data suggests sustained customer interest and potential for revenue acceleration in coming quarters.
The company also finalized its acquisition of Quantum Circuits, a strategic move that expands D-Wave's technology portfolio and engineering capabilities within the quantum computing market. The transaction represents the company's effort to consolidate its position as competition intensifies in the emerging quantum computing industry. Analysts will likely monitor D-Wave's ability to integrate the acquisition while maintaining its current growth trajectory.