D-Wave Surges 222% YTD, Poised for Quantum Computing Boom

As of November 14, 2025, D-Wave, the world's first commercial supplier of quantum computers, is well-positioned to benefit from the industry's promising future. According to a recent projection by Boston Consulting Group, the quantum computing industry is expected to create $450 billion to $850 billion in economic value globally by 2040, indicating sustained tailwinds for the sector.

D-Wave has been at the forefront of innovation, with over 280 granted patents in the United States and more than 550 granted or pending patents globally. The company's team of 50 PhD scholars has driven meaningful progress in quantum computing, and its established products include the world's largest quantum computers.

Despite a recent 42% correction from its recent highs, D-Wave's stock has rallied by an impressive 222% year-to-date. This surge is backed by positive business developments, including a robust growth trajectory, a swelling client base, and increasing bookings. As of Q3 2025, the company reported a cash balance of $836.2 million, which eliminates the risk of equity dilution in the foreseeable future.