Key Takeaways QBTS outperformed rivals and the S&P 500 in 1H25 with a 74.2% share rally.Advantage2 launch, NASA JPL tie-up, and 1,300 tested apps highlight QBTS' progress.QBTS ended Q2 with $300M cash, strong margins and narrowed EBITDA loss.D-Wave Quantum’s (QBTS) first half of 2025 was marked by scientific validation, commercial traction and steady progress toward financial stability. The company delivered a strong first quarter, driven by a landmark system sale to the Jülich Supercomputing Center and the ...