Quantum computing firm D-Wave has made its first commercial sale of its Advantage system.

The sale was announced by D-Wave alongside its Q4 2024 financial results, which saw the company post bookings for the quarter of at least $18 million.

D-Wave did not name the customer who purchased the quantum computer but it's likely the purchase contributed significantly to the company achieving a 500 percent year-on-year increase in bookings for the quarter.

In a statement, D-Wave said “the first-ever customer purchase of a D-Wave Advantage annealing quantum computing system” reflects a “significant expansion” to the company’s revenue model, broadening its overall go-to-market offering to include on-premise system sales.

“We believe it is evident that the world is quickly recognizing the near-term usefulness and value of D-Wave’s quantum systems,” said Dr. Alan Baratz, CEO of D-Wave.

Founded in 1999, Vancouver-based D-Wave describes itself as a ‘full-stack’ quantum computing company. It launched its 5,000 qubit Advantage system in 2020, which it claims is “the most powerful and connected quantum computer in the world.”

In October 2024, D-Wave introduced service-level agreements specifically tailored for its Leap quantum cloud service customers who are transitioning applications into production. While the exact terms of the SLAs were not shared, the company said Leap could offer 99.9 percent uptime and availability with sub-second solve times, even under heavy customer usage.

In November 2024, D-Wave regained compliance with the NYSE, having previously received a warning it was not complying with the minimum required share price for listing. D-Wave had previously faced delisting warnings as a result of low share prices in March and October of 2023.