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D-Wave Quantum (NYSE: QBTS) teams with Nasdaq Verafin on quantum crime detection

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

D-Wave Quantum Inc. entered into an agreement with Nasdaq Verafin to evaluate the use of quantum computing to improve financial crime detection. The collaboration starts with a proof-of-concept focused on anti-financial crime use cases, with potential expansion to pilot applications.

The work will apply D-Wave’s quantum-hybrid and annealing technology to machine learning, analyzing hundreds of data signals to identify unusual patterns linked to fraud, scams, and money laundering. Nasdaq Verafin will use this technology to search complex relationships in account activity, transaction patterns, and counterparty networks that conventional tools may miss. The related information is furnished under a Regulation FD disclosure with an accompanying press release as an exhibit.

Positive

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Filing Explained

The August 3 8-K reports an evaluation-stage agreement with Nasdaq Verafin, while expressly furnishing the disclosure rather than filing it under Section 18; it documents a proof-of-concept, not a completed commercial deployment or expansion to pilot applications.

Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Financial institutions using Nasdaq Verafin More than 2,800 financial institutions Institutions using Nasdaq Verafin’s financial crime management technology
Collective assets of Nasdaq Verafin customers $13 trillion Collective assets represented by Nasdaq Verafin’s 2,800+ institutional customers
Organizations using D-Wave More than 100 organizations Commercial, government and research organizations using D-Wave’s quantum systems and services
Leap cloud service availability 99.9% availability and uptime Stated availability of D-Wave’s Leap quantum cloud service
quantum-hybrid technology technical
"The effort will focus on how quantum-hybrid technology may be used"
Technology that combines quantum components (which use quantum mechanics to process information) with conventional, classical computing or engineering systems to perform tasks that are hard or slow for ordinary machines. Think of it like adding a specialized turbocharger to a regular engine: the quantum part handles specific hard problems while the classical part manages routine work. Investors watch this because it can change development costs, timelines, potential performance gains, and competitive positioning as the technology matures.
annealing quantum computing technical
"use of D-Wave’s annealing quantum computing technology to uncover"
A form of quantum computing that finds good solutions to hard optimization problems by slowly steering a system toward its lowest‑energy configuration, much like gently cooling molten metal so it settles into a stable shape. It matters to investors because, for certain tasks such as portfolio optimization, logistics routing or risk modeling, it promises faster or better results than conventional computers—potentially lowering costs or creating competitive advantage—though its benefits are problem‑specific and not universal.
anti-financial crime use cases regulatory
"pilot applications for key anti-financial crime use cases"
AML/CFT Compliance regulatory
"solutions for Fraud Detection and Management, AML/CFT Compliance and Management"
Forward-Looking Statements regulatory
"Certain statements in this press release are forward-looking"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What agreement did D-Wave Quantum (QBTS) announce with Nasdaq Verafin?
D-Wave Quantum announced an agreement with Nasdaq Verafin to evaluate quantum computing for financial crime detection, starting with a proof-of-concept that could expand into pilot applications for key anti-financial crime use cases.

What is the focus of the D-Wave Quantum (QBTS) and Nasdaq Verafin proof-of-concept?
The proof-of-concept will use D-Wave’s quantum-hybrid technology to analyze hundreds of data signals and develop predictive systems that identify unusual behavioral patterns associated with fraud, scams, and money laundering.

How will Nasdaq Verafin use D-Wave Quantum (QBTS) technology in this collaboration?
Nasdaq Verafin will explore D-Wave’s annealing quantum computing to uncover complex relationships in account activity, transaction patterns, and counterparty networks that conventional approaches may overlook in financial crime detection.

What does D-Wave Quantum (QBTS) say about its quantum platforms in this filing?
D-Wave describes itself as the first commercial supplier of quantum computers and the first to offer dual-platform products and services, spanning both annealing and gate-model quantum computing technologies for enterprise-grade use.

How many institutions use Nasdaq Verafin mentioned alongside D-Wave Quantum (QBTS)?
More than 2,800 financial institutions, representing $13 trillion in collective assets, use Nasdaq Verafin’s financial crime management technology solutions for fraud detection and AML/CFT compliance and related functions.

Is the D-Wave Quantum (QBTS) and Nasdaq Verafin disclosure treated as filed with the SEC?
The information about the Nasdaq Verafin agreement, including Exhibit 99.1, is furnished under Regulation FD and is not deemed “filed” for purposes of Section 18 of the Exchange Act.
0001907982FALSE00019079822026-08-032026-08-03

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________________________________
FORM 8-K
_____________________________________________________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 3, 2026
_____________________________________________________________
D-Wave Quantum Inc.
(Exact Name of Registrant as Specified in Its Charter)
_____________________________________________________________
Delaware001-4146888-1068854
(State or other jurisdiction of incorporation or organization)(Commission File Number)(I.R.S. Employer Identification No.)
2650 East Bayshore Road
Palo Alto, California
94303
(Address of principal executive offices)
(650) 285-2881
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
_____________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, par value $0.0001 per shareQBTSThe Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
o


Item 7.01 Regulation FD Disclosure.

On August 3, 2026, D-Wave Quantum Inc. (“D-Wave”) and Nasdaq Verafin announced an agreement designed to evaluate the use of quantum computing to improve financial crime detection. The collaboration will begin with the development of a proof-of-concept (PoC), with the potential to expand to pilot applications for key anti-financial crime use cases. The effort will focus on how quantum-hybrid technology may be used to support the development of predictive systems that can identify unusual behavioral patterns associated with fraud, scams, and money laundering.

As part of the agreement, Nasdaq Verafin will explore the use of D-Wave’s annealing quantum computing technology to uncover complex relationships across account activity, transaction patterns, and counterparty networks that conventional approaches may overlook. The initial PoC will use D-Wave’s technology to analyze hundreds of potential data signals in an effort to strengthen predictive models for detecting unusual account behavior.

According to D-Wave’s CEO, Dr. Alan Baratz, by applying D-Wave’s quantum-hybrid technology to machine learning and other application development efforts, Nasdaq Verafin is reinforcing its role as a technology-forward organization helping shape the future of financial services innovation. A copy of the press release is attached as Exhibit 99.1.

The information in this Item 7.01 to this Current Report on Form 8-K, including Exhibit 99.1, is intended to be furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits
 
Exhibit No.Description
99.1
Press release, dated August 3, 2026.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).





SIGNATURES
           Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: August 3, 2026
D-Wave Quantum Inc.
By:/s/ Alan Baratz
Name:Alan Baratz
Title:President & Chief Executive Officer




D-Wave and Nasdaq Verafin Announce Agreement for Quantum Computing Application Development
Collaboration aims to advance quantum-hybrid application development for machine learning to address financial crime detection
PALO ALTO, Calif. and NEW YORK – August 3, 2026 – D-Wave Quantum Inc. (NASDAQ: QBTS), (“D-Wave” or the “Company”), the only dual-platform quantum computing company providing both annealing and gate-model systems, software and services, and Nasdaq Verafin announced today an agreement designed to evaluate the use of quantum computing to improve financial crime detection.
The collaboration will begin with the development of a proof-of-concept (PoC), with the potential to expand to pilot applications for key anti-financial crime use cases. The effort will focus on how quantum-hybrid technology may be used to support the development of predictive systems that can identify unusual behavioral patterns associated with fraud, scams, and money laundering.
As part of the agreement, Nasdaq Verafin will explore the use of D-Wave’s annealing quantum computing technology to uncover complex relationships across account activity, transaction patterns, and counterparty networks that conventional approaches may overlook. The initial PoC will use D-Wave’s technology to analyze hundreds of potential data signals in an effort to strengthen predictive models for detecting unusual account behavior.
“This agreement with Nasdaq Verafin provides an important opportunity to explore quantum computing’s potential in addressing some of the financial services sector’s most complex problems,” said Dr. Alan Baratz, CEO of D-Wave. “By applying D-Wave’s quantum-hybrid technology to machine learning and other application development efforts, Nasdaq Verafin is reinforcing its role as a technology-forward organization helping shape the future of financial services innovation.”
About D-Wave Quantum Inc.
D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. It is the world’s first commercial supplier of quantum computers, and the first and only to offer dual-platform quantum computing products and services, spanning both annealing and gate-model quantum computing technologies. D-Wave’s mission is to help customers realize the value of quantum today through enterprise-grade systems available on-premises and via its Leap™ quantum cloud service, which offers 99.9% availability and uptime. More than 100 organizations across commercial, government and research sectors trust D-Wave to address complex computational challenges using quantum computing. Learn more about realizing the value of quantum computing today and how D-Wave is shaping the quantum-driven industrial and societal advancements of tomorrow: www.dwavequantum.com.
About Nasdaq Verafin
Nasdaq Verafin provides Financial Crime Management Technology solutions for Fraud Detection and Management, AML/CFT Compliance and Management, High Risk Customer Management, Sanctions Screening and Management, and Information Sharing. More than 2,800 financial institutions, representing $13 trillion in collective assets, use Nasdaq Verafin to prevent fraud and strengthen AML/CFT efforts. Visit www.verafin.com to learn more.
Forward-Looking Statements
Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by the following words: “believe,” “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “trend,” “estimate,” “predict,” “project,” “potential,” “seem,” “seek,” “future,” “outlook,” “forecast,” “projection,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. 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, including, among others, various factors beyond management’s control, including the risks discussed under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an



investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.
Media Contacts:

D-Wave
Alex Daigle
media@dwavesys.com



Source: View Original Filing on SEC EDGAR

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