Slide 1: Q2 2025 Investor Presentation
Q2 2025 Investor Presentation
Slide 2: Forward-Looking Statements
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 the information express
Slide 3: D-Wave at a Glance
D-Wave at a Glance ESTABLISHED PRODUCT PORTFOLIO: MARKET LEADER • World’s largest quantum computers • Accessible through production-grade cloud service and for on-premises installation • Quantum supremacy published in Science GROWING COMMERCIAL ADOPTION: Quantum Annealing Real-Time Quantum Cloud Ope
Slide 4: General Availability of Advantage2 System: D-Wave's Most Advanced Quantum Computer Yet
General Availability of Advantage2 System: D-Wave’s Most Advanced Quantum Computer Yet Announced the general availability of D-Wave’s Advantage2 quantum computer, its most advanced and performant system Advantage2 Quantum Processing Unit (QPU) is one of the largest and most complex superconducting c
Slide 5: New Strategic Development Initiative for Advanced Cryogenic Packaging
New Strategic Development Initiative for Advanced Cryogenic Packaging Announced new strategic development effort focused on advanced cryogenic packaging Designed to advance and scale both gate model and annealing quantum processor development, the initiative builds on D-Wave’s technology leadership
Slide 6: Introducing New Quantum and AI/ML Developer Tools
Introducing New Quantum and AI/ML Developer Tools Released a collection of offerings to help developers explore and advance quantum artificial intelligence (AI) and machine learning innovation, including an open- source quantum AI toolkit and a demo Quantum AI toolkit enables developers to seamlessl
Slide 7: D-Wave, Yonsei University and Incheon Metropolitan City Announce Strategic Relationship
D-Wave, Yonsei University and Incheon Metropolitan City Announce Strategic Relationship Strategic relationship with Yonsei University and Incheon Metropolitan City to accelerate the exploration, adoption and usage of quantum computing in South Korea Under terms of the memorandum of understanding (MO
Slide 8: Exciting Customer Engagements for Both Commercial and Research Applications
Exciting Customer Engagements for Both Commercial and Research Applications New and renewing customer engagements include: • E.ON – a European multinational electric utility company • GE Vernova – a global energy company • National Quantum Computing Centre (NQCC) – UK’s national lab for quantum comp
Slide 9: D-Wave Announces Successful Completion of $400 Million At-the-Market Equity Offering
D-Wave Announces Successful Completion of $400 Million At-the-Market Equity Offering Completed a successful $400 million At-the-Market equity offering, contributing to D-Wave’s consolidated cash balance of approximately $819 million as of June 30, 2025, a record quarter-end balance for the Company C
Slide 10: Q2 & 1H FY 2025 Financial Update
Q2 & 1H FY 2025 Financial Update Q2 Revenue Q2 Gross Profit 1H Revenue - - - $4 $3 $20 $18.1M MILLIONS MILLIONS MILLIONS $3.1M $2.0M $2.2M $1.4M $10 $4.6M $- $- $- Q2 2024 Q2 2025 Q2 2024 Q2 2025 1H 2024 1H 2025 1H Gross Profit 1H Gross Margin Cash Position - - $20 100% $1,000 87.6% MILLIONS MILLION
Slide 11: D-Wave: Quantum Realized
D::WAIVC QUANTUM REALIZED.