11:49 AM EDT, 05/08/2025 (MT Newswires) -- (Updates with latest share movement in the headline and first paragraph.)

D-Wave Quantum ( QBTS ) shares were up over 38% in recent Thursday trading after the company's Q1 loss narrowed compared with a year earlier.

The company reported a Q1 net loss of $0.02 per diluted share, narrower than its $0.11 loss a year earlier. Three analysts polled by FactSet expected a loss of $0.05.

Revenue for the quarter ended March 31 was $15 million, up from $2.5 million a year earlier. Analysts surveyed by FactSet expected $10.5 million.

Price: 9.55, Change: +2.66, Percent Change: +38.61