From Patented AI Sensing to Real-World Deployment: How VWAV Is Building a Platform for the Future of Autonomous Defense
VisionWave Holdings (NASDAQ: VWAV) is carving out a differentiated position in the defense-technology landscape by combining AI-driven sensing, RF imaging, and autonomous decision-making into a single, edge-ready platform.
Unlike cloud-dependent AI models, VWAV’s Evolved Intelligence™ architecture is designed for real-time operation in contested environments, enabling autonomous drones, ground vehicles, and radar systems to detect, classify, and respond without constant human oversight.
This capability has already been validated through live-fire tests, Tier-1 defense pilots, and international evaluations—placing VisionWave ahead of many early-stage defense startups still confined to demonstrations.
As the global defense radar and autonomous systems markets expand rapidly, VWAV is strengthening its ability to convert pilots into multi-year contracts. Strategic advisory additions, recent platform acquisitions, and a clean balance sheet supported by institutional capital position the company to scale as procurement cycles advance.
With a growing global presence and technology aligned to modern military priorities, VWAV may represent a timely opportunity for investors tracking the evolution of AI-powered defense systems.
D-Wave’s Year in Review: 2025 Wins Set the Stage for 2026
Written by Nathan Reiff. Date Posted: 1/9/2026.
What You Need to Know
- D-Wave Quantum shares more than tripled in 2025, a testament to the many business, financial, and technological achievements the company made last year.
- With its expansion into gate-model tech, D-Wave may have eased the fears some investors had about its particular focus within the quantum computing landscape being too narrow to be widely marketable.
- Still, despite the successes of last year, D-Wave still faces an uphill battle when it comes to continuing to grow revenue and to achieving profitability.
Despite its many achievements in 2025, D-Wave Quantum Inc. (NYSE: QBTS) remains a speculative, controversial investment. The much-hyped quantum computing firm more than tripled in value over the past year, gaining roughly 232%, but it also carries a high short interest of 12.47% of the public float—indicating a sizable group of investors doubt the company can sustain that trajectory. QBTS shares are about 30% below their October 2025 all-time high.
There is, however, a strong bullish case to be made for D-Wave based on its 2025 track record. From new contracts and partnerships to solid financial results and meaningful technological progress, the company moved to strengthen its position in a competitive field. Taken together, these developments may point toward continued success in the year ahead—although investors should remain mindful of lingering risks.
D-Wave's Business and Financial Wins in 2025
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Get my full take on this exciting play right here…D-Wave reported several notable business wins in 2025, including partnerships with Carahsoft Technology, Japan Tobacco, Yonsei University and Incheon Metropolitan City, among others. Its collaboration with the North Wales Police showcased the company's hybrid-quantum approach to optimizing police-vehicle placement. These deals demonstrate that D-Wave's products have real-world applications and could broaden its appeal to business and institutional customers.
D-Wave's financial performance has also supported investor interest, even when some market responses were muted. In the third quarter of 2025—the latest reported quarter—revenue doubled year-over-year, bookings improved materially, and liquidity remained among the strongest in the industry. With more than $836 million in consolidated cash at quarter-end, D-Wave entered the new year with flexibility to invest in R&D, pursue acquisitions, or fund other strategic priorities. Early in 2026, the company signaled how it might deploy a portion of that cash when it announced an agreement to acquire rival Quantum Circuits for $550 million in cash and stock.
Technological Breakthroughs Position D-Wave For Success in 2026
2025 was also significant on the technology front. The company reported a quantum supremacy milestone early in the year and launched its sixth-generation system, Advantage2, in the spring; that system quickly attracted sales from prominent customers. D-Wave has also expanded beyond its traditional annealing approach into gate-model techniques. Its cryogenic packaging initiative, announced in partnership with NASA over the summer, has already produced promising results in early 2026.
Short sellers have long warned that annealing technology—effective at rapidly solving complex optimization problems but potentially limited in versatility—could constrain commercialization. D-Wave's confirmed move into gate-model approaches should help reduce that concern if the company can translate those advances into broader customer use cases.
Reasons to Be Cautious Remain
Even with these wins, several cautionary points remain. The recent rally has left D-Wave richly valued by some measures—a price-to-sales ratio near 1,237 and a price-to-book ratio around 135.6, for example.
More importantly, D-Wave is still unprofitable and overall revenue remains small despite rapid growth. To date, most revenue gains have come from a handful of large system sales to major customers; achieving scalable revenue and sustainable profitability will likely require successful sales to smaller business customers.
How long it will take quantum technology to reach that level of accessibility is uncertain, and it's not yet clear which applications will drive broad adoption of D-Wave's platforms. If the company can address those questions in 2026, this year's gains could look modest by comparison.
