Slide 1: Q3 2025 Investor Presentation
Q3 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 Over 240 scientific papers published Quantum Annealing Sixth-generation system 4400+ qubits Real-Time Quantum Cloud Quantum hybrid solvers >99% up-time Open-Source Python Tools Easily configurab
Slide 4: D-Wave Named Founder of Q-Alliance, Signs €10M Contract
4 Copyright © D-Wave D-Wave Named Founder of Q-Alliance, Signs €10M Contract Announced participation as a founder of Q-Alliance, an initiative to create a quantum hub in Italy that advances scientific discovery, industrial transformation and digital sovereignty in the country • Core objective is the
Slide 5: New & Renewing Customer Engagements for Commercial and Research Applications
5 Copyright © D-Wave New & Renewing Customer Engagements for Commercial and Research Applications • One of the largest U.S. based international airlines • SkyWater – the nation’s largest pure-play semiconductor foundry • Japan Tobacco – the pharmaceutical division of JT focused on drug discovery and
Slide 6: First-Ever Qubits Japan Conference in Tokyo
6 Copyright © D-Wave First-Ever Qubits Japan Conference in Tokyo Held first-ever Qubits Japan Quantum Computing User Conference in Tokyo on September 17, 2025 Presenters included: • Dr. Alan Baratz and Dr. Trevor Lanting of D-Wave • Hidetoshi Nishimori, professor emeritus at the Institute of Science
Slide 7: Superconducting's Advantages Over Other Quantum Approaches
7 Copyright © D-Wave Superconducting's Advantages Over Other Quantum Approaches • Superconducting approaches have best gate speed vs. fidelity tradeoff • Superconducting approaches can leverage semiconducting CMOS manufacturing technology for scalability • Trapped ion and neutral atom approaches are
Slide 8: Progress with Gate-Model Program: Completed Fabrication of Fluxonium Qubit Chips and Superconducting Control Chips
8 Copyright © D-Wave Progress with Gate-Model Program: Completed Fabrication of Fluxonium Qubit Chips and Superconducting Control Chips • Completed the fabrication of fluxonium qubit chips and superconducting control chips and are currently integrating the two to demonstrate scalable control of gate
Slide 9: Advantage2 System Now Operational at Davidson Technologies
9 Copyright © D-Wave Advantage2 System Now Operational at Davidson Technologies On November 3rd, announced that the Advantage2TM system at Davidson Technologies in Huntsville, Alabama is now online and operational Davidson is a trusted provider of advanced engineering and technical solutions support
Slide 10: Named a Winner in Fast Company's 2025 Next Big Things in Tech Awards
10 Copyright © D-Wave Named a Winner in Fast Company’s 2025 Next Big Things in Tech Awards Fast Company recognized D-Wave in the Computing, Chips and Foundational Technology category for its Advantage2TM quantum computer • This prestigious award recognizes emerging technologies with the potential to
Slide 11: 2025 Q3 Financial Update
11 Copyright © D-Wave 2025 Q3 Financial Update Subsequent to Q3 and through November 4, 2025, D-Wave raised an additional $21.3M in cash proceeds from the exercise of warrants $- $4 Q3 2024 Q3 2025 M IL LI O N S -Q3 Revenue $3.7M $1.9M $- $200 $400 $600 $800 $1,000 Q3 2024 Q3 2025 M IL LI O N S $29.
Slide 12: D-Wave: Quantum Realized.
D:: WAIVE QUANTUM REALIZED.