Core Insights - D-Wave Quantum is positioning itself for significant growth in 2026, following a remarkable 179% revenue increase in 2025 and accelerated bookings [1][4] - The company's stock experienced a surge of over 10% after the release of its fourth-quarter report, stabilizing at a 4.7% increase shortly thereafter [1] Financial Performance - D-Wave reported a revenue growth of 179% in 2025, marking a transformative year with improvements across all key business metrics, including revenue, bookings, and technical milestones [4] - The company generated over $30 million in order bookings in January 2026 alone, indicating a strong start to the year [4] Business Developments - D-Wave closed its first full year after booking its first quantum computer system sale at the end of 2024, highlighting its progress in the quantum computing sector [4] - A notable order in January included a $20 million agreement with Florida Atlantic University for the purchase and installation of D-Wave's Advantage2TM annealing quantum computer [5] - The acquisition of Quantum Circuits, a gate-model quantum computing company, further strengthens D-Wave's position in the market [4]

Core Insights - D-Wave Quantum Inc. is the only dual-platform quantum computing company offering both annealing and gate-model systems, software, and services [1] - Florida Atlantic University has committed to a $20 million agreement to purchase and install an Advantage2TM annealing quantum computer at its Boca Raton campus [1] Company Developments - The agreement with Florida Atlantic University signifies a strategic move to enhance quantum computing capabilities in academic settings [1] - This installation aims to accelerate research and development in quantum computing technologies [1]

Core Insights - D-Wave Quantum Inc., Davidson Technologies, and Anduril Industries have collaborated to develop quantum-classical hybrid applications for U.S. air and missile defense, demonstrating significant improvements in performance over classical methods [1] Group 1: Collaboration and Technology - The collaboration aims to address complex missile-defense planning challenges using a hybrid approach that combines Anduril's defense simulations, Davidson's modeling expertise, and D-Wave's quantum computing technology [1] - Initial proof-of-concept results showed D-Wave's Stride hybrid solver achieved at least 10x faster time-to-solution compared to classical-only methods, with a 9% to 12% improvement in threat mitigation [1] Group 2: Future Plans and Applications - The companies plan to expand their collaboration to tackle other large-scale defense optimization challenges, including contested logistics, scalable manufacturing, cyber defense, and action generation [1] - D-Wave's CEO emphasized the importance of applying quantum computing to national defense strategies, highlighting its potential for faster and more informed decision-making [1]

Q3 2025 Investor Presentation 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 expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, in ...