Sutor Group Intelligence and Advisory Tech, Strategy, and Marketing Expertise for Quantum Computing and Emerging Tech 2026-05-18T13:00:15Z https://sutorgroupintelligenceandadvisory.com/feed/atom/ WordPress https://i0.wp.com/sutorgroupintelligenceandadvisory.com/wp-content/uploads/2025/02/cropped-cropped-SG-logo-Harvard-Crimson.jpg?fit=32%2C32&ssl=1 Bob Sutor https://sutorgroupintelligenceandadvisory.com <![CDATA[Dr. Bob Sutor Will Host the Q+AI 3.0 conference in NYC, October 25-27, 2026]]> https://sutorgroupintelligenceandadvisory.com/?p=12753 2026-05-18T11:33:33Z 2026-05-18T11:33:33Z IQT’s flagship conference, Q+AI 2026 (3.0), is the leading event worldwide devoted to the convergence of quantum computing and artificial intelligence. The multi-day, multi-track program expands year after year, with 2026 once again heralding growth in the anticipated number of exhibitors, speakers, panelists, and networking and mentoring elements. Q+AI 2026 (3.0) takes an in-depth holistic...

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IQT’s flagship conference, Q+AI 2026 (3.0), is the leading event worldwide devoted to the convergence of quantum computing and artificial intelligence. The multi-day, multi-track program expands year after year, with 2026 once again heralding growth in the anticipated number of exhibitors, speakers, panelists, and networking and mentoring elements.

Q+AI 2026 (3.0) takes an in-depth holistic approach, looking at AI up, down, and all around the quantum stack, as well as at quantum for AI. The latter includes presentations on the growing number of commercial and scientific use cases, including for the pharmaceutical, supply chain, defense, cryptography, finance, and other industries.

Q+AI has been designed from the beginning to maximize networking opportunities among researchers, engineers, startup founders, corporate executives, investors, and policy makers. Mentoring was added at Q+AI 2025 (2.0), and its reception in-person and on social media warrants its return in 2026.

The latest twist to Q+AI 2026 (3.0) is that it is intended to answer questions from unique new angles and to assemble panelists in combinations attendees have never seen before. It will answer the questions that everyone asks, as well as questions no one thinks to ask.

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]]> Bob Sutor https://sutorgroupintelligenceandadvisory.com <![CDATA[Dr. Bob Sutor Will Speak at the Quantum.Tech World Conference in Boston, June 26 – 27]]> https://sutorgroupintelligenceandadvisory.com/?p=12761 2026-05-18T11:40:32Z 2026-05-18T11:15:05Z Quantum, AI & HPC: Redefining What’s Possible The future is quantum – and it’s happening now. Step into a world where quantum, AI, and HPC collide to redefine what’s possible. Breakthroughs aren’t just happening- – they’re being deployed. From national security to healthcare, finance, climate, and logistics, the technologies shaping tomorrow are here today. Join...

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Quantum, AI & HPC: Redefining What’s Possible

The future is quantum – and it’s happening now.
Step into a world where quantum, AI, and HPC collide to redefine what’s possible. Breakthroughs aren’t just happening- – they’re being deployed. From national security to healthcare, finance, climate, and logistics, the technologies shaping tomorrow are here today.

Join 1000+ innovators, leaders, and decision-makers from 40+ countries as they push the boundaries of science, strategy, and industry. Explore cutting-edge research, forge game-changing partnerships, and gain the insights to act where it matters most.

Quantum.Tech World isn’t just an event – it’s a launchpad. A place where ideas spark innovation, collaborations ignite impact, and the next era of technology comes to life. Your front-row seat to the future starts here.

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]]> Bob Sutor https://sutorgroupintelligenceandadvisory.com <![CDATA[Dr. Bob Sutor Will Speak During the AI and Quantum Day During Innovation & Tech Week, May 13, 2026, in Košice, Slovakia]]> https://sutorgroupintelligenceandadvisory.com/?p=12771 2026-05-18T12:42:18Z 2026-05-01T12:41:06Z This is an absolute breakthrough. In collaboration with partners from New York, AWS and IBM we organize a professional AI & Quantum Conference. On stage we will welcome capacities such as VP for AI from IBM US. It will be a deep dive into the technologies that will define the next decade. A must-see for...

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This is an absolute breakthrough. In collaboration with partners from New York, AWS and IBM we organize a professional AI & Quantum Conference. On stage we will welcome capacities such as VP for AI from IBM US. It will be a deep dive into the technologies that will define the next decade. A must-see for academics, developers, and tech enthusiasts.

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]]> Bob Sutor https://sutorgroupintelligenceandadvisory.com <![CDATA[Podcast: Quantum in the Age of AI, with Dr Robert Sutor & Yariv Adan.]]> https://sutorgroupintelligenceandadvisory.com/?p=12728 2026-05-17T09:57:52Z 2026-04-08T09:55:39Z “In this week’s episode of Time to Talk Quantum [TTQ], Firgun Ventures co-founder Dr Kris Naudts is joined by Yariv Adan and Dr Bob Sutor for a deep dive into how artificial intelligence is reshaping the foundations of computing and what that means for quantum. Together, they focus on the breakdown of the traditional technology...

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]]> “In this week’s episode of Time to Talk Quantum [TTQ], Firgun Ventures co-founder Dr Kris Naudts is joined by Yariv Adan and Dr Bob Sutor for a deep dive into how artificial intelligence is reshaping the foundations of computing and what that means for quantum. Together, they focus on the breakdown of the traditional technology stack as large language models commoditise the application layer, shifting value toward compute, infrastructure, and data. Yariv shares an investor perspective on why many startups and VCs are misreading this shift, while Bob unpacks the realities of quantum computing and the long winding road towards scalable, fault-tolerant systems.The discussion also touches on geopolitics, supply chains, and the growing concentration of power in global tech infrastructure.”

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]]> Bob Sutor https://sutorgroupintelligenceandadvisory.com <![CDATA[Podcast: Quantum Computing 101]]> https://sutorgroupintelligenceandadvisory.com/?p=12692 2026-05-16T18:16:18Z 2026-03-22T18:08:22Z Bob Sutor sits down with Jesse Damiani to discuss the core concepts of quantum computing and where the industry is today.

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]]> Bob Sutor sits down with Jesse Damiani to discuss the core concepts of quantum computing and where the industry is today.

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]]> Bob Sutor https://sutorgroupintelligenceandadvisory.com <![CDATA[Q2B Silicon Valley 2025 Talk: Quantum Marketing 101 – Get out of the Weeds for Fun and Profit]]> https://sutorgroupintelligenceandadvisory.com/?p=12783 2026-05-18T13:00:15Z 2026-01-23T13:57:54Z The post Q2B Silicon Valley 2025 Talk: Quantum Marketing 101 – Get out of the Weeds for Fun and Profit appeared first on Sutor Group Intelligence and Advisory.

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]]> Bob Sutor https://sutorgroupintelligenceandadvisory.com <![CDATA[Dr. Bob Sutor and Veronica Combs Podcast: Using IBM Experience to Analyze Quantum Tech]]> https://sutorgroupintelligenceandadvisory.com/?p=8557 2025-11-04T18:24:00Z 2025-11-04T18:24:00Z Bob recently sat down (virtually) with Veronica Combs of HKA Marketing Communications to discuss quantum networking, the qubit competition, and the vital role of communications and marketing.

The post Dr. Bob Sutor and Veronica Combs Podcast: Using IBM Experience to Analyze Quantum Tech appeared first on Sutor Group Intelligence and Advisory.

]]> Bob recently sat down (virtually) with Veronica Combs of HKA Marketing Communications to discuss quantum networking, the qubit competition, and the vital role of communications and marketing.

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]]> Bob Sutor https://sutorgroupintelligenceandadvisory.com <![CDATA[Podcast: Dancing with Qubits – A Conversation with Dr. Bob Sutor]]> https://sutorgroupintelligenceandadvisory.com/?p=8451 2025-10-28T15:08:49Z 2025-10-28T15:08:49Z Bob recently sat down with Candace Gillhoolley of Impact Quantum, and they recorded this podcast about a broad swath of the quantum industry.

The post Podcast: Dancing with Qubits – A Conversation with Dr. Bob Sutor appeared first on Sutor Group Intelligence and Advisory.

]]> Bob recently sat down with Candace Gillhoolley of Impact Quantum, and they recorded this podcast about a broad swath of the quantum industry.

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]]> Bob Sutor https://sutorgroupintelligenceandadvisory.com <![CDATA[Quantum Commentary | The Number of Patents Isn’t the Whole Story | Saturday, August 23, 2025]]> https://sutorgroupintelligenceandadvisory.com/?p=7054 2025-08-23T14:08:53Z 2025-08-23T14:08:53Z There have been various reports recently about quantum patents and the number of them for companies, countries, and regions. Patents offer you freedom of action and sometimes revenue and negotiation advantages. It’s not just the number of patents you have, it’s the quality. If you have 100 low-quality patents that don’t apply to my work,...

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]]> There have been various reports recently about quantum patents and the number of them for companies, countries, and regions.

Patents offer you freedom of action and sometimes revenue and negotiation advantages.

It’s not just the number of patents you have, it’s the quality.

If you have 100 low-quality patents that don’t apply to my work, and I have one patent that can shut you down, I win.

Make sure you have a very good intellectual property attorney. They are some of the smartest people around. I know several, for example, who have Ph.D.s in physics. Don’t hold that against them. 😀

IonQ Fortifies Quantum Leadership with Groundbreaking Patents, Surpassing 1,000 Total IP Assets

https://ionq.com/news/ionq-fortifies-quantum-leadership-with-groundbreaking-patents-surpassing-1

Date: Wednesday, August 20, 2025

Companies, Universities, and Organizations Mentioned: IonQ

New MIT report captures state of quantum computing

https://mitsloan.mit.edu/ideas-made-to-matter/new-mit-report-captures-state-quantum-computing

Author: Beth Stackpole

Date: Tuesday, August 19, 2025

Excerpt: The “Quantum Index Report” is a comprehensive assessment of the technology and the global landscape, from patents to the quantum workforce.

Sutor Group Intelligence and Advisory

Dr. Bob Sutor is the CEO and Founder of Sutor Group Intelligence and Advisory. Sutor Group offers comprehensive market insights and in-depth technical expertise, drawing on over four decades of experience working with startups and large corporations. It advises Deep Tech startups, companies, and investors on quantum technologies, AI, and other emerging tech fields.

Sutor Group shares its knowledge and analysis through direct client engagements, seminars, reports, newsletters, books, written and on-air media appearances, as well as speaking and panel moderation at top conferences and client events.

Legal Stuff

Visit the Copyright, Notices, Disclosures, Disclaimers, and Licenses on the Sutor Group website for applicable legal information for this content.

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]]> Bob Sutor https://sutorgroupintelligenceandadvisory.com <![CDATA[Quantum Commentary | Practicality is Amazing | Tuesday, August 19, 2025]]> https://sutorgroupintelligenceandadvisory.com/?p=6954 2025-08-23T13:57:51Z 2025-08-19T17:08:26Z Last week, I recorded a media podcast about the current state of quantum computing. I’ll post a link to it when it is available, but today I’m discussing something that we chatted about in the prep that did not make it into the final conversation. Is it time for people to stop being so amazed...

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]]> Last week, I recorded a media podcast about the current state of quantum computing. I’ll post a link to it when it is available, but today I’m discussing something that we chatted about in the prep that did not make it into the final conversation.

Is it time for people to stop being so amazed by quantum?

It’s the International Year of Quantum Science and Technology (IYQ), so we have a great reason to learn more about the technology and its potential applications. These include computing, networking, communications, and sensing. This year is our joint opportunity to explain the key characteristics of quantum mechanics in a simplified manner and explore how it is starting to translate into new applications in our everyday lives. Of course, the universe and you and I are applications of quantum mechanics, so it’s not an entirely novel idea.

Will the IYQ amazement end in December? In 2026, will we say “been there, done that” regarding quantum, at least in terms of highlighting it so much?

Perhaps a bit of exhaustion will creep in, but we will merely be one year further into the evolution of quantum tech. We will continue to have the conferences and events, as the field is still evolving, and they must address that maturation to wider and wider audiences. They must change their agendas, as must the media stories.

Consider my Apple iPhone. I don’t care too much about the hardware beyond it providing a good camera and screen, performance, storage capacity, and the ability to connect via wifi and cellular communications. Do I care about transistors? No. All the features with which I am concerned are made useful by software. (Note I said “useful” and not “provide utility.”) It’s the apps.

The phone hardware is capable enough to support the software well, something we can’t say about quantum computers today. So, instead, we talk about arcane topics like qubit counts and modalities, programming paradigms, fidelities, and error correction codes. This choice of public discussion topics will eventually change. As an industry, we should stop being amazed by all this granular technical detail and spend much more time exploring two or three levels deeper for potential practical use cases. Tell me more about the software and the infrastructure that supports it.

It is in this sense that I raised the original question about reducing amazement. You can certainly be excited about practical uses, but the quantum clichés and misconceptions spoken with wide starry eyes are passé. No more “0 and 1 at the same time,” friends.

Instead, I want to hear about real potential applications for quantum and the requirements of the software and hardware to deliver them. I should correct myself: they are “applications for computation,” not simply for “quantum.” That’s because industrial and commercial use cases already entail many different kinds of classical processors and data movement. You know this: people talk all the time about their hybrid CPU-GPU algorithms. Actually, they don’t, but many favor such hybridization when quantum is involved.

Amaze me with your research from the top down on how quantum will eventually be a necessary component to a specific healthcare, pharmaceutical, chemical, materials science, or optimization problem.

There’s an old saying that when all you have is a hammer, everything looks like a nail. Stop giving me “hammer” arguments for NISQ hardware, software, and algorithms. Practically explain why your work will survive into the fault-tolerant era and scale to the ultra-large problems classical computing can’t do alone. Tell me the domain-specific experts in the industry with whom you are working. You support them. Give frequent updates.

I am by no means saying that innovation and investment in quantum should stop, far from it. Focus on the practical goals and what is involved to get you (and us) there. Couch your technical details in that context, not in what a great and improved hammer you’ve made.

To quote Paul McCartney from his first solo album in 1970, I hope soon to say, “maybe I’m amazed” about all the real non-hyped progress you are making on what quantum can do, not how it’s built.

Sutor Group Intelligence and Advisory

Dr. Bob Sutor is the CEO and Founder of Sutor Group Intelligence and Advisory. Sutor Group offers comprehensive market insights and in-depth technical expertise, drawing on over four decades of experience working with startups and large corporations. It advises Deep Tech startups, companies, and investors on quantum technologies, AI, and other emerging tech fields.

Sutor Group shares its knowledge and analysis through direct client engagements, seminars, reports, newsletters, books, written and on-air media appearances, as well as speaking and panel moderation at top conferences and client events.

Legal Stuff

Visit the Copyright, Notices, Disclosures, Disclaimers, and Licenses on the Sutor Group website for applicable legal information for this content.

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]]> Bob Sutor https://sutorgroupintelligenceandadvisory.com <![CDATA[Sutor Group Earnings Brief: Rigetti Computing Announces Financial Results for Q2 2025]]> https://sutorgroupintelligenceandadvisory.com/?p=6921 2025-08-19T14:30:50Z 2025-08-18T20:56:07Z What Happened? On Tuesday, August 12, 2025, Rigetti Computing announced its financial results for the Q2 2025 quarter ending June 30, 2025. See its press release for the full details. TL;DR In what is becoming a familiar pattern, the earnings reports of small public quantum computing companies are characterized by lackluster earnings, a lot of...

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What Happened?

On , Rigetti Computing announced its financial results for the Q2 2025 quarter ending June 30, 2025. See its press release for the full details.

TL;DR

  • In what is becoming a familiar pattern, the earnings reports of small public quantum computing companies are characterized by lackluster earnings, a lot of assets due to earlier stock appreciation and speculation followed by company at-the-market stock sales, and net income/loss and earnings per share that vary from quarter to quarter due to outstanding or resolved derivative warrant liabilities.
  • Revenue was up a bit from the last quarter but down over 40% year-to-year. Whatever else is going on per the company’s accomplishment announcements, it is not translating to significant and sustained sales growth.
  • Having a large bank account is nice, of course, and will allow a company to stay in business for the foreseeable future, but this must translate to sales of competitive quantum computing systems.

The Numbers

The revenue situation will become clear in the next section, but what troubles us is the significant drop in R&D expenses. Yes, this reduced operating expenses, but reducing R&D can damage your future commercial prospects. Rigetti has increased its R&D over the last four quarters, so we will see in the next quarter if this is a one-time aberration.

Rigetti Computing GAAP Quarterly Financial Results

Q2 2025 Q1 2025 Q/Q Q2 2024 Y/Y
Revenue ($M) 1.801 1.472 ↑ 22.4 % 3.086 ↓ 41.6 %
Operating Expenses ($M) 20.448 22.074 ↓ 7.4 % 18.075 ↑ 13.1 %
Research & Development ($M) 13.522 15.455 ↓ 12.5 % 11.870 ↑ 13.9 %
Net Income (Loss) ($M) (39.654) 42.619 ↓ 193.0 % (12.421) ↑ 219.2 %
Diluted Earnings (Loss) Per Share ($) 0.13 0.13 – (0.07) ↓ 285.7 %
Total Assets ($M) 636.690 269.138 ↑ 136.6 % 162.412 ↑ 292.0 %

The Charts

While revenue increased slightly in Q2, it is still the second-lowest value over the last two years.


Q2 2025 Rigetti Computing earnings chart

In our opinion, Rigetti has done a good job historically at controlling its operating expenses. Although they and R&D were down in Q2, they are now back near their values at the end of 2024.


Q2 2025 Rigetti Computing earnings chart

Given the size of the assets, Rigetti can and should, in our opinion, start making some bold moves to shore up revenue and diversify. Will they follow the path of IonQ and start acquiring?


Q2 2025 Rigetti Computing earnings chart

Additional Thoughts

Rigetti introduced its 4-chip Cepheus-1-36Q thirty-six qubit system this quarter. While we’re all for networking small quantum processing units to make bigger ones, at 9 qubits, these chips are tiny. Yes, they have the 84-Qubit Ankaa™-3 System single-chip system, but this falls far short of what Google and especially IBM are doing with their devices.

We’ve been trying to come up with creative names for these 9-qubit quantum chiplets. Quiplets? Qublets? We acknowledge that Rigetti is currently developing the networking engineering for connecting multiple chips. We need to see, however, fidelities for qubit-to-qubit gates within the chips and across chips. A big table of all qubit-to-qubit CX or CZ fidelities would do nicely.

In its earnings press release, Rigetti said:

Rigetti expects to release its 100+ qubit chiplet-based system at 99.5% median two-qubit gate fidelity before the end of 2025.

In a company post, “The Rigetti 128-qubit chip and what it means for quantum,” on August 8, 2018, then CEO Chad Rigetti stated:

Today we’re sharing more details on our plans to build and deploy a 128-qubit system over the next 12 months …

We certainly wish them luck as we watch and wait.

Company Profile

Company

Rigetti Computing (RGTI)
Contact Email: press@rigetti.com
Contact Phone: +15102105550

Year Founded

2013

Headquarters

775 Heinz Avenue, Berkeley, California 94710, USA

Company Description

Generated with the aid of Perplexity on August 18, 2025

Rigetti Computing develops and manufactures superconducting quantum processors and full-stack quantum computing systems. Their technology centers on superconducting qubits integrated into quantum chips, which are controlled by custom-designed hardware and software architectures. They provide a cloud-based Quantum Cloud Services platform that enables hybrid quantum/classical computing through their Quil instruction language and developer tools. Rigetti collaborates on advancing quantum machine learning, quantum error correction, and multi-channel optical readout techniques for quantum processors. Their work primarily serves industries engaged in quantum computing research and development, focusing on enhancing quantum hardware performance and software integration.

Senior Leadership



 Subodh Kulkarni Chief Executive Officer


David Rivas Chief Technology Officer


Jeffrey Bertelsen Chief Financial Officer


Andrew Bestwick Senior Vice President, Quantum Systems


Jackie Kaweck Senior Vice President, Human Resources

Previous Earnings Briefs

Selected Recent Press Releases, Announcements, News, and Blog Posts

Copyright, Notices, Disclosures, Disclaimers, and Licenses

Please see the statements on our website for the important legal notices, including copyright information, disclosures, licensing terms, and disclaimers, which govern the use, distribution, and interpretation of this work.

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]]> Bob Sutor https://sutorgroupintelligenceandadvisory.com <![CDATA[Sutor Group Earnings Brief: IonQ Announces Financial Results for Q2 2025]]> https://sutorgroupintelligenceandadvisory.com/?p=6785 2025-08-14T14:37:47Z 2025-08-14T14:36:29Z What Happened? On Wednesday, August 6, 2025, IonQ announced its financial results for the Q2 2025 quarter ending June 30, 2025. See its press release for the full details. TL;DR CEO Niccolo de Masi is now also the Chairman of the Board, signaling the end of former CEO Peter Chapman‘s senior leadership role with the...

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]]>

What Happened?

On , IonQ announced its financial results for the Q2 2025 quarter ending June 30, 2025. See its press release for the full details.

TL;DR

  • CEO Niccolo de Masi is now also the Chairman of the Board, signaling the end of former CEO Peter Chapman‘s senior leadership role with the company.
  • The acquisition of Oxford Ionics is plausibly the most critical move IonQ has made in years. However, it should also signal the end of the previous ion trap quantum computing line. In any case, “algorithmic qubits” should go away, we hope.
  • de Masi continues to make moves with the top-level leadership of the company, bringing in seasoned business executives to help him spend the huge $1.6 billion pro-forma cash, cash equivalents, and investments asset trove.
  • Revenue and expenses are up, but it isn’t easy to interpret them compared to historical figures, given the recent acquisitions and remaining warrant obligations.

The Numbers

IonQ GAAP Quarterly Financial Results

Q2 2025 Q1 2025 Q/Q Q2 2024 Y/Y
Revenue ($M) 20.694 7.566 ↑ 173.5 % 11.381 ↑ 81.8 %
Operating Expenses ($M) 181.286 83.245 ↑ 117.8 % 60.322 ↑ 200.5 %
Research & Development ($M) 103.359 39.953 ↑ 158.7 % 31.204 ↑ 231.2 %
Net Income (Loss) ($M) (176.838) (32.252) ↑ 448.3 % (37.561) ↑ 370.8 %
Diluted Earnings (Loss) Per Share ($) (0.70) (0.14) ↑ 400.0 % (0.18) ↑ 288.9 %
Total Assets ($M) 1346.608 850.074 ↑ 58.4 % 517.435 ↑ 160.2 %

The Charts

Revenue was up after two quarters of decline, but with the recent closed acquisitions, it’s not clear how comparable the current figure is to past quantum computing revenue. The point of the acquisitions, in our opinion, is to diversify the company and gain more near-term revenue streams until quantum computing becomes practical. There are only so many small systems that can be sold for research and education purposes, and the goal of achieving Practical Quantum Advantage is several years away. The Oxford Ionics acquisition is not closed yet, so it is not contributing to the total. In any case, it would be a relatively small addition.


IonQ Q2 2025 financial chart

Operating expenses increased more than twice, and R&D was up 2.5 times. Again, the recent acquisitions affect these values. For us, the interesting future expenditures will be for R&D once Oxford Ionics is fully integrated. That is their technological future for quantum computing. If they can’t innovate and scale with that, they will not be a player among the competitors who have already broken the 100 and 1,000 physical qubit modalities. As proud as it is of its ion trap technology, it must compare itself against the superconducting and neutral atom qubit vendors. Quantinuum is IonQ’s number one competitor in trapped ions. That company has demonstrated high-quality qubits, but it still needs to prove it can achieve the hockey stick scaling outlined in its latest roadmap.


IonQ Q2 2025 Financial chart

IonQ has leveraged investor enthusiasm to amass a substantial cash reserve by selling stock at the market. Let’s see how it translates this into revenue and industry-leading products. If they can’t have such an impact within the next year, investors may sour on the chance for a much larger long-term return. Of course, quantum stocks are a favorite of day traders these days, so we must focus on the fundamentals and how they support the stock price and company valuation.


IonQ Q2 2025 Financial Charts

Additional Thoughts

It was great to see Bob Sutor’s former IBM team member and recent JPMorgan Chase executive, Marco Pistoia, join IonQ. His technical knowledge and recent experience in the financial industry will be a boon for the company. In case you missed it, Christopher Monroe, co-founder of IonQ and the Gilhuly Family Presidential Distinguished Professor of Electrical and Computer Engineering and Physics at Duke University, has returned to the company as Chief Scientific Advisor. Monroe, one of the world’s top quantum computing scientists, will serve as a great mentor to the incoming Oxford Ionics team and will bolster the depth of all the quantum teams and technology now in IonQ’s portfolio.

Company Profile

Company

IonQ (IONQ)
Contact Email: info@ionq.com
Contact Phone: +13012987997

Year Founded

2015

Headquarters

4505 Campus Drive, College Park, Maryland 20740, USA

Company Description

Generated with the aid of Perplexity on August 7, 2025

IonQ is a quantum computing company that develops general-purpose quantum computers based on trapped-ion technology, using ionized ytterbium atoms as qubits manipulated by lasers. Their trapped-ion approach offers long coherence times and all-to-all qubit connectivity, enabling high-fidelity quantum operations. IonQ provides access to its quantum systems through major cloud platforms, facilitating quantum algorithm development and experimentation. The company serves industries such as life sciences, finance, and materials science by advancing quantum computing hardware and software. IonQ also focuses on innovations in quantum error correction and is involved in partnerships to explore quantum networking and quantum-enhanced workflows.

Senior Leadership



 Niccolo De Masi Chairman and Chief Executive Officer


Rima Alameddine Chief Revenue Officer


Thomas Kramer Chief Financial Officer


Margaret Arakawa Chief Marketing Officer


Jordan Shapiro President and General Manager, Quantum Networking


Paul T. Dacier Chief Legal Officer and Corporate Secretary


Tom Jones Chief People Officer


Dean Kassmann Senior Vice President, Engineering and Technology


Ariel Braunstein Senior Vice President, Product


Dave Mehuys Vice President, Production Engineering


Christopher Monroe Chief Scientific Advisor


Marco Pistoia SVP of Industry Relations

Previous Earnings Briefs

Selected Recent Press Releases, Announcements, News, and Blog Posts

Copyright, Notices, Disclosures, Disclaimers, and Licenses

Please see the statements on our website for the important legal notices, including copyright information, disclosures, licensing terms, and disclaimers, which govern the use, distribution, and interpretation of this work.

The post Sutor Group Earnings Brief: IonQ Announces Financial Results for Q2 2025 appeared first on Sutor Group Intelligence and Advisory.

]]> Bob Sutor https://sutorgroupintelligenceandadvisory.com <![CDATA[Sutor Group Earnings Brief: D-Wave Quantum Announces Financial Results for Q2 2025]]> https://sutorgroupintelligenceandadvisory.com/?p=6531 2025-08-07T21:24:36Z 2025-08-07T21:24:36Z What Happened? On Thursday, August 7, 2025, D-Wave Quantum announced its financial results for the Q2 2025 quarter ending June 30, 2025. See its press release for the full details. TL;DR After a surprisingly strong Q1, revenue fell back to earth, dropping over 79% since last quarter. Yes, it was up almost 42% year-over-year, but...

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]]>

What Happened?

On , D-Wave Quantum announced its financial results for the Q2 2025 quarter ending June 30, 2025. See its press release for the full details.

TL;DR

  • After a surprisingly strong Q1, revenue fell back to earth, dropping over 79% since last quarter. Yes, it was up almost 42% year-over-year, but 42% of a small number is still a small number, especially for a company founded 26 years ago.
  • Like their main public small quantum competitors, Rigetti Computing and IonQ, D-Wave sold stock on the market, increasing its total assets above $800 M. Great to have all that cash, but it must lead to real revenue.
  • Unlike IonQ, there have been no major senior leadership changes in the company.

The Numbers

The Net Loss and Diluted Loss Per Share numbers vary from quarter to quarter due to warrants and a higher stock price compared to a year ago. See “Sutor Group Earnings Brief: Rigetti Computing Announces Financial Results for Q4 2024 and FY 2024” for a discussion of derivative warrant liabilities.

D-Wave Quantum GAAP Quarterly Financial Results

Q2 2025 Q1 2025 Q/Q Q2 2024 Y/Y
Revenue ($M) 3.095 15.001 ↓ 79.4 % 2.183 ↑ 41.8 %
Operating Expenses ($M) 28.478 25.168 ↑ 13.2 % 20.227 ↑ 40.8 %
Research & Development ($M) 12.694 10.288 ↑ 23.4 % 8.355 ↑ 51.9 %
Net Income (Loss) ($M) (167.329) (5.421) ↑ 2986.7 % (17.778) ↑ 841.2 %
Diluted Earnings (Loss) Per Share ($) (0.55) (0.02) ↑ 2650.0 % (0.10) ↑ 450.0 %
Total Assets ($M) 819.312 325.600 ↑ 151.6 % 61.811 ↑ 1225.5 %

The Charts

Except last quarter, D-Wave’s revenue has been between $2M and $3M for the previous 8 quarters. They surpassed the upper number this quarter, but just barely, and Q1 looks like a fluke rather than a trend.


Operating expenses increased, in part, because of personnel costs and non-cash stock-based compensation. Does this establish a new base for the quarterly expenses? R&D increased, which is essential in a competitive market, mainly when virtually everyone else in the “quantum” and “computing” industry uses a different technology.


D-Wave must prove every day why it is better than its ~84 hardware competitors. This is not apparent from revenue, but there are clearly stock market investors who see long-term financial value and helped raise the company’s cash asset position.


Additional Thoughts

There are many reasons why people invest in a company. Some may be purely financial, to get a good return. Perhaps the company’s work will lead to solutions important to industry and society, and those appeal to investors. As you consider announcements and earnings reports, make sure you separate the financial status of a company as an investment from the fundamental question of whether its technology will succeed and is better than competitive offerings. Stock price does not imply a great technology, nor does great technology ensure that it will be a winner among users. Insert your usual saying about VHS and Betamax.

Company Profile

Company

D-Wave Quantum (QBTS)
Contact Email: sales@dwavesys.com
Contact Phone: +16046301428

Year Founded

1999

Headquarters

3033 Beta Avenue, Burnaby, British Columbia, V5G 4M9, Canada

Company Description

Generated with the aid of Perplexity on July 7, 2025

D-Wave Quantum is a public company specializing in the development and delivery of quantum annealing systems, software, and services. The company offers cloud-based quantum annealing platforms and software development kits to enable application development on its quantum systems. D-Wave serves industries such as manufacturing, logistics, financial services, life sciences, and artificial intelligence by providing quantum annealing solutions tailored to their computational challenges. Its quantum annealers are among the largest commercially available and are used by over 100 organizations worldwide.

Senior Leadership



 Alan Baratz Chief Executive Officer


John Markovich Chief Financial Officer


Lorenzo Martinelli Chief Revenue Officer


Trevor Lanting Chief Development Officer


Sophie Ames Chief Human Resources Officer


Diane Thi Dong Quan Nguyen General Counsel


Michelle Maggs Senior Vice President, Marketing


Allison Schwartz Vice President of Global Government Relations and Public Affairs

Previous Earnings Briefs

Selected Recent Press Releases and Blog Posts

Copyright, Notices, Disclosures, Disclaimers, and Licenses

Please see the statements on our website for the important legal notices, including copyright information, disclosures, licensing terms, and disclaimers, which govern the use, distribution, and interpretation of this work.

The post Sutor Group Earnings Brief: D-Wave Quantum Announces Financial Results for Q2 2025 appeared first on Sutor Group Intelligence and Advisory.

]]> Bob Sutor https://sutorgroupintelligenceandadvisory.com <![CDATA[Weekly Quantum Commentary and Highlighted News | Wednesday, August 6, 2025]]> https://sutorgroupintelligenceandadvisory.com/?p=6502 2025-08-06T19:43:41Z 2025-08-06T19:43:41Z Today’s Brief Commentary It’s early August as I write this, and I’ve mostly been trying to take a few days off from my computer. Since Saturday, my brother-in-law and I have been replacing a wooden porch floor, and we’re almost done. There are always surprises when you do anything to an old house, but we...

The post Weekly Quantum Commentary and Highlighted News | Wednesday, August 6, 2025 appeared first on Sutor Group Intelligence and Advisory.

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Today’s Brief Commentary

It’s early August as I write this, and I’ve mostly been trying to take a few days off from my computer. Since Saturday, my brother-in-law and I have been replacing a wooden porch floor, and we’re almost done. There are always surprises when you do anything to an old house, but we didn’t find anything too bad. There are a few more odds and ends for which I need materials, but I should wrap up the work by the end of next week.

When I have ventured toward my desktop, it was to finish up the work on the quantum news aggregator I built. To be clear, I coded this for myself because I was tired of looking here, there, and everywhere for the latest news. I’ve provided information below on how you can get the output of this either daily or as a frequently updated collection of recent press releases, news, announcements, and newsletters from the last 10 days. I hope that by publishing these, you can either read the commentary and explore the small curated list of links in this newsletter or gain a broader view of what people are announcing in the aggregated listings. Or do both!

A few observations:

  • More of you should provide RSS feeds for your news and blogs (yes, I’ve said that before).
  • Many of your pretty websites look good, but have horrible non-semantically structured HTML underneath. You need to have a good talk with your designer next time you redo things. I saw one site where the browser display was about two screens worth, but the HTML was 35,000 lines long.
  • I favor press releases and blog entries from companies and organizations themselves on their websites, though the wire services are fine.
  • If you don’t have a reason to issue a press release, write a blog post at least once a month.
  • If you don’t have a reason to issue a press release, don’t issue a content-light, fabricated release. They are obvious.
  • I’ll occasionally make you aware of the aggregated news, but that’s it on the creation of the listings.

Today’s thought: I’ve been thinking a lot about the increasing number of announced partnerships and sovereign quantum efforts. More on those next week.

In addition to the curated list of links below, you can get more comprehensive collections of links in two ways:

Also, check out and bookmark our sortable list of upcoming quantum technology conferences.

Words and phrases below that may step over the line for normal marketing copy, are grandiose, overused, or cause you to wonder if something is really that special, are highlighted thusly.

Contents

Financial Dealings and Earnings Announcements

Israeli startup targets million qubits in one cryostat

https://fundstech.com/israeli-startup-targets-million-qubits-in-one-cryostat/

Author: Piyasi Mitra

Date: Monday, August 4, 2025

Companies, Universities, and Organizations Mentioned: QuamCore

Commentary: Congratulations to QuamCore in getting the $26 million on their series A funding. One million qubits, in one or more cryostats or QPUs, have been promised for years and is now a quantum tech cliché. IBM has said how they will get to that number, and others have waved their hands about getting through the Quantum Miracle Zone. Don’t mention that as a goal unless you give significant details about how you will get there. Okay, I’m not really really picking on QuamCore, and congrats again on the cash.

Podcasts, Videocasts, and Online Seminars

Using quantum computing for the simulation of butyronitrile dissociation

https://meetiqm.zoom.us/webinar/register/WN_hpcEY-8HS_aQtLPLnUtcNg#/registration

Date: Wednesday, August 6, 2025

Companies, Universities, and Organizations Mentioned: IQM Quantum Computers Oy, Kvantify

Excerpt: Join us for an upcoming webinar titled “Using Quantum Computing for the Simulation of Butyronitrile Dissociation hosted by IQM and Kvantify. This session will explore how Kvantify’s Quantum Development Kit (QDK), running on IQM Resonance, enables advanced molecular simulations via the cloud. The webinar will feature insights into the co-design of quantum hardware and software, demonstrating how the QDK simplifies quantum chemistry workflows such as the variational quantum eigensolver (VQE). A demonstration of molecular modeling will illustrate practical applications in areas such as drug discovery, materials science, and catalysis. The event will take place on August 21, 2025, at 15:00 EEST/14:00 CEST. We welcome researchers, industry professionals, and anyone interested in the intersection of quantum computing and chemistry to join us.

Post-Quantum Cryptography and Security

Quantum networking technologies

https://www.ncsc.gov.uk/whitepaper/quantum-networking-technologies

Date: Tuesday, August 5, 2025

Commentary: Despite the title, this is about quantum and security. The UK is not a fan of QKD: “The NCSC will not support the use of QKD for government or military applications.”

Excerpt: In this paper, we provide an updated analysis of QKD as a security technology, and the development of QRNGs. We also consider the future of quantum networking technologies.

Quantum Error Correction and Fault Tolerance | Technical

QuEra, Harvard and MIT Researchers Demonstrate Logical-Level Magic State Distillation on a Neutral-Atom Quantum Computer

https://www.quera.com/press-releases/quera-harvard-and-mit-researchers-demonstrate-logical-level-magic-state-distillation-on-a-neutral-atom-quantum-computer

Date: Monday, July 14, 2025

Companies, Universities, and Organizations Mentioned: Harvard University, Massachusetts Institute of Technology, QuEra Computing

Commentary: Magic states are an important aspect of quantum error correction, and we’ve been hearing more about them recently.

Excerpt: A team of scientists from QuEra Computing, Harvard University and the Massachusetts Institute of Technology has reported the first experimental demonstration of magic state distillation carried out entirely on logical qubits. The study, “Experimental Demonstration of Logical Magic State Distillation,” is now available as Accelerated Article Preview on the Nature website at: https://www.nature.com/articles/s41586-025-09367-3.

Relay-BP: The world’s fastest, most accurate decoder for qLDPC error correction codes

https://www.ibm.com/quantum/blog/relay-bp-error-correction-decoder

Author: Leanne Cherry

Date: Monday, August 4, 2025

Companies, Universities, and Organizations Mentioned: IBM

Excerpt: After months of collaboration—and one happy accident—a team of IBM® researchers has devised the fastest, most accurate decoding algorithm for quantum LDPC code error correction in existence.

Alice & Bob and Inria Improve Efficiency of Magic State Preparation to Enable Useful Quantum Computing

https://www.einpresswire.com/article/837290281/alice-bob-and-inria-improve-efficiency-of-magic-state-preparation-to-enable-useful-quantum-computing

Date: Wednesday, August 6, 2025

Companies, Universities, and Organizations Mentioned: Alice & Bob

Commentary: The QuEra et al paper above is about neutral atom qubits; this is about superconducting qubits. Careful readers will note that this press release is about the submission of the paper to a peer-reviewed journal, not the actual “publication in a journal such as Nature.

Excerpt: Scientists from Alice & Bob, a global leader in the race for fault-tolerant quantum computing, and Inria, France’s national institute for research in digital science and technology, have submitted a new study for peer review illustrating the most hardware-efficient method to date for producing magic states on superconducting quantum computers, a critical step toward realizing practical quantum computation.

Sutor Group Market Landscape Reports

The latest Sutor Group Intelligence Reports on quantum processing units and quantum software are now available.

Each report includes a taxonomy of quantum computing hardware and software, company data, geographic distribution, investors, recent news, years founded, and a glossary. The geographic charts provide a breakdown by country, 8 world region designators, and breakdowns by U.S. states, Canadian provinces, French regions, German states, and UK cities.

SGIA-QPML-20250708 Quantum Processing Unit (QPU) Market Landscape

We examine the companies worldwide now building processors, their implementation modalities, and their programming model paradigms. If published by the vendors, we provide links to their product road maps.

By the Numbers: 83 companies, 21 countries, 10 modalities, 3 paradigms, 364 investors and funders, and 17 pages of links to recent news by vendor.

SGIA-SWML-20250708 Quantum Computing Software Market Landscape

We examine the vendors and service providers worldwide now developing quantum computing software, including applications, for use by their customers or themselves.

By the Numbers: 126 companies, 24 countries, 19 types of software, 16 software application types, 513 investors and funders, and 23 pages of links to recent news by vendor.

Contact us for report sample pages, further details, report briefings, or consulting and advisory services.

Sutor Group Intelligence and Advisory

Dr. Bob Sutor is the CEO and Founder of Sutor Group Intelligence and Advisory. Sutor Group offers comprehensive market insights and in-depth technical expertise, drawing on over four decades of experience working with startups and large corporations. It advises Deep Tech startups, companies, and investors on quantum technologies, AI, and other emerging tech fields.

Sutor Group shares its knowledge and analysis through direct client engagements, seminars, reports, newsletters, books, written and on-air media appearances, as well as speaking and panel moderation at top conferences and client events.

Legal Stuff

Visit the Copyright, Notices, Disclosures, Disclaimers, and Licenses on the Sutor Group website for applicable legal information for this content.

Previous Newsletter Edition

Quantum News and Commentary | Wednesday, July 23, 2025: LinkedIn, Substack, Sutor Group website

The post Weekly Quantum Commentary and Highlighted News | Wednesday, August 6, 2025 appeared first on Sutor Group Intelligence and Advisory.

]]> Bob Sutor https://sutorgroupintelligenceandadvisory.com <![CDATA[Daily Quantum Links Subscription Now Available]]> https://sutorgroupintelligenceandadvisory.com/?p=6292 2025-07-30T14:42:16Z 2025-07-30T14:42:16Z On Monday, we announced the availability of the Sutor Group’s increasingly comprehensive news aggregator, covering developments in quantum across industry, academia, and government sectors. Since that time, we’ve added more universities, government labs, and companies, and we look back over the last ten days. https://sutorgroupintelligenceandadvisory.com/extended-list-recent-news/ One request we got was to make the news available...

The post Daily Quantum Links Subscription Now Available appeared first on Sutor Group Intelligence and Advisory.

]]> On Monday, we announced the availability of the Sutor Group’s increasingly comprehensive news aggregator, covering developments in quantum across industry, academia, and government sectors. Since that time, we’ve added more universities, government labs, and companies, and we look back over the last ten days.

https://sutorgroupintelligenceandadvisory.com/extended-list-recent-news/

One request we got was to make the news available via email. Rather than do it on LinkedIn, we’ve added a section to our Substack site called “Daily Quantum Links” at

https://drbobsutor.substack.com/s/daily-quantum-links

Anyone who got the Substack version of this newsletter is subscribed to that automatically, and you can unsubscribe at any time. Once subscribed, you will get an email every time we publish a daily links post. We only look at the last two news days. For example, a Monday post may only include Monday and Friday if no one announced anything over the weekend.

Substack is increasing in popularity and is becoming better at allowing you to organize. We will continue to publish the commentary and curated links newsletter on LinkedIn and Substack, but we encourage you to subscribe directly on Substack.

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