D-Wave Grew FY2025 Revenue 179% to $24.6 Million as Rigetti Sales Fell 34%
Updated
Updated · Yahoo Finance · Nov 2
D-Wave Grew FY2025 Revenue 179% to $24.6 Million as Rigetti Sales Fell 34%
3 articles · Updated · Yahoo Finance · Nov 2
Summary
$24.6 million in FY2025 revenue put D-Wave well ahead of Rigetti’s $7.1 million, with D-Wave growing 178.5% while Rigetti’s sales dropped 34.3%.
D-Wave paired that growth with a broader commercial push—citing customers including Mastercard, BASF and Unisys—and added a U.S. government unit to diversify beyond research and enterprise demand.
Losses remained steep for both quantum developers: D-Wave posted a $355.1 million net loss and negative free cash flow of $75.8 million, while Rigetti lost $216.2 million as it kept investing in infrastructure.
Rigetti still leans heavily on government work, which supplied more than 90% of 2025 revenue, underscoring how contract timing and customer concentration can swing results in the early-stage quantum market.