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D-Wave doubled its revenue from the prior year’s quarter, improved gross profit significantly, and closed the quarter with the highest cash balance in its history, though its net loss widened due to non-operating expenses.
Revenue rose to $3,739,000, up 100% year-over-year.
Net loss widened to $139,986,000 due to warrant liability charges.
Adjusted EPS improved to -$0.05, compared to -$0.12 in Q3 2024.
Cash and cash equivalents reached a record $836,231,000.
No specific forward guidance was provided, but the company signaled strong momentum via recent wins and partnerships.
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