D-Wave Quantum Management

Management criteria checks 3/4

D-Wave Quantum's CEO is Alan Baratz, appointed in Aug 2022, has a tenure of 2.25 years. total yearly compensation is $1.05M, comprised of 55% salary and 45% bonuses, including company stock and options. directly owns 0.43% of the company’s shares, worth €2.64M. The average tenure of the management team and the board of directors is 2.3 years and 1.8 years respectively.

Key information

Alan Baratz

Chief executive officer

US$1.0m

Total compensation

CEO salary percentage	55.0%
CEO tenure	2.3yrs
CEO ownership	0.4%
Management average tenure	2.3yrs
Board average tenure	1.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Alan Baratz's remuneration changed compared to D-Wave Quantum's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$74m
Jun 30 2024	n/a	n/a	-US$67m
Mar 31 2024	n/a	n/a	-US$76m
Dec 31 2023	US$1m	US$575k	-US$83m
Sep 30 2023	n/a	n/a	-US$84m
Jun 30 2023	n/a	n/a	-US$79m
Mar 31 2023	n/a	n/a	-US$66m
Dec 31 2022	US$11m	US$492k	-US$54m
Sep 30 2022	n/a	n/a	-US$50m
Jun 30 2022	n/a	n/a	-US$43m
Mar 31 2022	n/a	n/a	-US$34m
Dec 31 2021	US$595k	US$450k	-US$32m

Compensation vs Market: Alan's total compensation ($USD1.05M) is about average for companies of similar size in the German market ($USD1.44M).

Compensation vs Earnings: Alan's compensation has been consistent with company performance over the past year.

CEO

Alan Baratz (69 yo)

2.3yrs

Tenure

US$1,045,150

Compensation

Dr. Alan E. Baratz, Ph.D. serves as President since January 01, 2020 and Director at D-Wave Quantum Inc. since January 14, 2020 and is its Chief Executive Officer since August 2022. He serves as Chief Exec...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Alan Baratz	President	2.3yrs	US$1.05m	0.43% € 2.6m
John Markovich	Chief Financial Officer	2.3yrs	US$681.80k	0.20% € 1.2m
Diane Nguyen	General Counsel	3.3yrs	US$385.19k	0.087% € 538.8k
Eric Ladizinsky	Co-Founder & Chief Scientist	25.8yrs	no data	no data
Sophie Ames	Chief Human Resources Officer	less than a year	no data	no data
Trevor Lanting	Chief Development Officer	1.8yrs	no data	no data
Lorenzo Martinelli	Chief Revenue Officer	less than a year	no data	no data

2.3yrs

Average Tenure

63yo

Average Age

Experienced Management: RQ0's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Alan Baratz	President	4.8yrs	US$1.05m	0.43% € 2.6m
Steven West	Independent Chairman of the Board	15.4yrs	US$194.75k	0.069% € 425.5k
Roger Biscay	Independent Director	2.3yrs	US$181.25k	0.050% € 309.3k
Marc Feldman	Member of the Scientific Advisory Board	no data	no data	no data
John DiLullo	Director	less than a year	no data	no data
Rohit Ghai	Director	less than a year	no data	no data
Kirstjen Nielsen	Independent Director	1.8yrs	no data	0.031% € 194.2k
Ziv Ehrenfeld	Independent Director	1.6yrs	no data	no data

1.8yrs

Average Tenure

56yo

Average Age

Experienced Board: RQ0's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.

D-Wave Quantum Management

Management criteria checks 3/4

Key information

Recent management updates

D-Wave Quantum Inc. Appoints Sharon Holt to Its Board of Directors

D-Wave Quantum Inc. Appoints John Dilullo and Rohit Ghai to its Board of Directors

D-Wave Quantum Appoints Sophie Ames as Chief Human Resources Officer

Independent Director recently sold €133k worth of stock

D-Wave Quantum Inc., Annual General Meeting, Jun 06, 2024

D-Wave Quantum Inc. Appoints Kirstjen Nielsen to Its Board of Directors

Recent updates

D-Wave Quantum Inc. Appoints Sharon Holt to Its Board of Directors

Third quarter 2024 earnings released: US$0.11 loss per share (vs US$0.12 loss in 3Q 2023)

D-Wave Quantum Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal 2024

New major risk - Revenue and earnings growth

D-Wave Regains Compliance with NYSE Continued Listing Standards

D-Wave Quantum Inc. to Report Q3, 2024 Results on Nov 14, 2024

D-Wave Quantum Inc. Appoints John Dilullo and Rohit Ghai to its Board of Directors

D-Wave Quantum Receives Notice of Non-Compliance with NYSE Trading Share Price Listing Rule

D-Wave Quantum Appoints Sophie Ames as Chief Human Resources Officer

D-Wave Quantum Inc Featured in Syndicated Broadcast Highlighting Extended Product Roadmap, Enhancements to Quantum Cloud Service

Second quarter 2024 earnings released: US$0.10 loss per share (vs US$0.20 loss in 2Q 2023)

D-Wave Quantum Inc. to Report Q2, 2024 Results on Aug 08, 2024

D-Wave Introduces New Hybrid Quantum Solver At Qubits 2024 to Tackle Customers' Previously Intractable Workforce, Manufacturing, and Logistics Optimization Problems

Independent Director recently sold €133k worth of stock

First quarter 2024 earnings released: US$0.11 loss per share (vs US$0.20 loss in 1Q 2023)

D-Wave Quantum Inc. to Report Q1, 2024 Results on May 13, 2024

D-Wave Quantum Inc., Annual General Meeting, Jun 06, 2024

D-Wave Quantum Inc. Introduces New Fast Anneal Feature, Extending Quantum Computing Performance Gains

Full year 2023 earnings released: US$0.60 loss per share (vs US$0.43 loss in FY 2022)

D-Wave Quantum Inc. to Report Q4, 2023 Results on Mar 28, 2024

D-Wave Quantum Inc. Launches New Go-To-Market Growth Strategy to Rapidly Accelerate Quantum Adoption

NEC and D-Wave Introduce New Quantum Offerings to Australian Market

D-Wave Announces Availability of 1,200+ Qubit Advantage2 Prototype in the Leap Quantum Cloud Service, Making its Most Performant System Available to Customers

D-Wave Quantum Inc. Announces 1,200+ Qubit Advantage2™ Prototype in New, Lower-Noise Fabrication Stack, Demonstrating 20X Faster Time-To-Solution on Important Class of Hard Optimization Problems

D-Wave Quantum Inc. Appoints Kirstjen Nielsen to Its Board of Directors

D-Wave Demonstrates Error Mitigation on the Advantage2™ Prototype, Extending Coherent Annealing Range by an Order of Magnitude

D-Wave Quantum Inc. Provides Revenue Guidance for Fiscal Year 2023

Third quarter 2023 earnings released: US$0.12 loss per share (vs US$0.11 loss in 3Q 2022)

New minor risk - Market cap size

D-Wave Quantum Receives Notice of Non-Compliance with NYSE Trading Share Price Listing Rule

D-Wave Quantum Inc. Launches New Open-Source Demonstration Highlighting how its Advantage Annealing Quantum Computing System can be Used to Tackle Wireless Channel Decoding

High number of new directors

D-Wave Quantum Inc. Announces Board Changes

D-Wave Quantum Inc. Announces Update to its Constrained Quadratic Model Hybrid Solver in its Leap Quantum Cloud Service

D-Wave Quantum Inc. Provides Earnings Guidance for the Fiscal Year 2023

Second quarter 2023 earnings released: US$0.20 loss per share (vs US$0.12 loss in 2Q 2022)

High number of new directors

D-Wave Quantum Inc. to Report Q2, 2023 Results on Aug 10, 2023

D-Wave Quantum Inc. Provides Revenue Guidance for the Full Year of Fiscal Year 2023

D-Wave Quantum Inc. Reiterates Revenue Guidance for the Full Year 2023

D-Wave Quantum Inc. to Report Q1, 2023 Results on May 19, 2023

D-Wave Quantum Inc. announced delayed 10-Q filing

High number of new directors

Full year 2022 earnings released: US$0.43 loss per share (vs US$9.96 loss in FY 2021)

D-Wave Quantum Inc. Announces Broad Feature Selection Initiative to Accelerate AI/ML Workflows, Expansion of Quantum Cloud Service to Israel

No independent directors

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age