D-Wave Q2 revenue flat at $3.1M; H1 bookings surge 1,120% to $35.5M

D-Wave Quantum Inc.

Q2 revenue $3.1M flat YoY; net loss $48.0M ($0.13/sh) vs $167.3M ($0.55) prior year.
H1 bookings $35.5M, up 1,120% YoY; includes $20M system sale; RPO $40.7M, up 668% YoY.
GAAP gross margin 55.4% vs 63.8% YoY; Non-GAAP gross margin 64.9% vs 71.8%.
Adjusted EBITDA loss $37.1M in Q2 vs $20.0M prior year, reflecting increased R&D and go-to-market investment.
Named Leader in IDC MarketScape; new customer wins include AT&T, Nasdaq Verafin, Unisys; NSF grant $1.57M.

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