D-Wave Quantum Inc. (QBTS) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to BeReeve's second quarter of fiscal year 2025 earnings conference call. Today's conference call is being recorded. At this time, I would like to turn the call over to the Beth Nafis of Investor Relations. Please go ahead. Thank you and good morning. With me today are Dr. Alan Barrett, our Chief Executive Officer, and John Marcovich, our Chief Financial Officer. Before we begin, I would like to remind everyone that this call may contain forward-looking statements and should be considered in conjunction with cautionary statements contained in our earnings release and the company's most recent periodic SEC reports. During today's call, management will provide certain information that will constitute non-GAAP financial measures under SEC rules, such as non-GAAP growth profit, non-GAAP growth margin, and the test of EBITDA loss and operating metrics such as bookings. Record affiliations to GAAP financial measures and certain additional information are also included in today's earnings release, which is available on the Investor Relations section of our company's website at .beereevequantium.com. I will now hand the call over to Alan. Good morning everyone and thank you for joining us today. I'm once again really excited to share our results for the second quarter of fiscal 2025. Building on the company's remarkable first quarter results, we continue to see accelerating momentum across the business. Let me now walk you through some key highlights, starting with technical achievements. In May 2025, we announced the general availability of V-Wave's Advantage II quantum computer, our most advanced and performing system. The Advantage II system is a powerful and energy efficient annealing quantum computer capable of solving computationally c...