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‘We’re the Only Real Quantum Company’: The 3 Lines That Define D-Wave’s Hype Cycle

24/7 Wall Street Quick Read D-Wave Quantum (QBTS) reported revenue doubled year over year while cash reserves surged over 2,700% to 836M,drivenlargelybywarrantexercises.DWaveposteda836M, driven largely by warrant exercises. D-Wave posted a 140.8M net loss in Q3, more than six times last year’s loss, with 121.9Mfromnoncashwarrantliabilitycharges.Despite121.9M from non-cash warrant liability charges. Despite 836M in cash, management indicated plans for only modest R&D investments, signaling cautious operational acceleration despite strong capital inflow. Some investors get rich while others ...