D-wave Quantum Inc. · NYSE:QBTS
D-wave Quantum — Q1 2025 Earnings Presentation
14 slides from D-wave Quantum's earnings presentation, May 8, 2025
Slide 1: Q1 2025 Investor Presentation
Q1 2025 Investor Presentation
Slide 2: Forward-Looking Statements
2 Copyright © D-Wave Forward-Looking Statements Certain statements in this presentation are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from th
Slide 3: D-Wave at a Glance
3 Copyright © D-Wave D-Wave at a Glance STRONG CUSTOMER BASE MARKET LEADER THOUGHT & TECHNICAL LEADERSHIP 53 PhDs 260+ U.S. granted patents 550+ granted & pending patents worldwide 60+% Annealing AND Gate Over 240 scientific papers published Quantum Annealing Fifth generation system 5000+ qubits Rea
Slide 4: Beyond Classical: D-Wave First to Demonstrate Quantum Supremacy on Useful, Real-World Problem
Beyond Classical: D-Wave First to Demonstrate Quantum Supremacy on Useful, Real-World Problem Landmark peer-reviewed paper published in Science, “Beyond-Classical Computation in Quantum Simulation,” unequivocally validates D-Wave achievement of the world’s first and only demonstration of quantum com
Slide 5: In Production: Ford Otosan Deploys Vehicle Manufacturing Application
5 Copyright © D-Wave In Production: Ford Otosan Deploys Vehicle Manufacturing Application Ford Otosan has deployed a hybrid-quantum application in production, streamlining manufacturing processes for its Ford Transit line of vehicles Ford Otosan is a joint venture between Ford Motor Company and Koç
Slide 6: Proof-of-Concept Successfully Combines Quantum and AI for Drug Discovery
6 Copyright © D-Wave Proof-of-Concept Successfully Combines Quantum and AI for Drug Discovery Successful completion of a proof-of-concept with the pharmaceutical division of Japan Tobacco, which used D-Wave's Advantage quantum computer in combination with artificial intelligence (AI) in the drug dis
Slide 7: First Advantage System Purchase by Jülich Supercomputing Centre
7 Copyright © D-Wave First Advantage System Purchase by Jülich Supercomputing Centre Delivered and recognized revenue on the first Advantage system sale Jülich Supercomputing Centre ( JSC) is the first high- performance computing (HPC) center to purchase and own a D-Wave Advantage annealing quantum
Slide 8: Advantage2 System Installation Nears Completion at Davidson Technologies
8 Copyright © D-Wave Advantage2 System Installation Nears Completion at Davidson Technologies Announced that the physical assembly of a D-Wave Advantage2 annealing quantum system is complete at Davidson Technologies’ headquarters in Huntsville, Alabama Davidson is a trusted provider of advanced engi
Slide 9: Advancements in Hybrid Quantum Solver Capabilities
9 Copyright © D-Wave Advancements in Hybrid Quantum Solver Capabilities Introduced new hybrid quantum solver capabilities and additional use cases designed to drive usage of the company’s quantum optimization offering Enhancements to the nonlinear hybrid quantum solver include the ability to support
Slide 10: New Quantum Blockchain Architecture with Enhanced Security and Efficiency Over Classical Computing
10 Copyright © D-Wave New Quantum Blockchain Architecture with Enhanced Security and Efficiency Over Classical Computing Published a new research paper titled “Blockchain with Proof of Quantum Work” that used quantum computation to generate and validate blockchain hashes This research, which leverag
Slide 11: Quantum Realized: Record Attendance at Qubits 2025 Annual User Conference
11 Copyright © D-Wave Quantum Realized: Record Attendance at Qubits 2025 Annual User Conference Qubits 2025, D-Wave’s annual user conference, took place March 31 and April 1 with record attendance In person attendance was up 23% year over year, and virtual attendance up nearly 100% year over year A
Slide 12: Q1 FY 2025 Financial Update
12 Copyright © D-Wave $- $100 $200 $300 $400 Q1 2024 Q1 2025 M IL LI O N S $27.3M $304M Cash Position 0 50 100 150 Prior LTM Most recent LTM 129 Total # of Customers 133 Including 25 Forbes Global 2000 Including 25 Forbes Global 2000 $- $5 $10 $15 $20 Q1 2024 Q1 2025 M IL LI O N S -Quarterly Revenue
Slide 13: Non-GAAP Financial Measures
Non-GAAP Financial Measures To supplement the financial information presented in accordance with GAAP, we use non-GAAP measures of certain components of financial performance. Adjusted EBITDA Loss is a financial measure that is not required by or presented in accordance with GAAP. Management believe
Slide 14: Quantum Realized.
D:: WAIVE QUANTUM REALIZED.