Motley Fool’s author favors QuantumScape over D-Wave for 2026, calling both speculative bets years from commercial scale. QuantumScape had no FY2025 revenue and lost nearly $435.1 million; D-Wave generated revenue but lost about $355.1 million.
QuantumScape is developing solid-state lithium-metal cells for electric vehicles and remains in prototype and testing; Volkswagen is its main industrial partner, and a multi-year Honda agreement covers evaluating battery performance for future vehicle models. The author says QuantumScape offers more financial runway and a cleaner path to its first major commercial milestone.
D-Wave’s FY2025 free cash flow was negative $75.8 million, versus negative $278.8 million for QuantumScape. The article says D-Wave’s nearly $24.6 million in FY2025 revenue grew roughly 178.5% year over year, but later says revenue had barely moved in nearly two years; it does not reconcile the discrepancy.
