D-Wave (QBTS) APAC Bookings +83%; Qubits Japan 2025 Sept 17

D-Wave is hosting its first Qubits Japan 2025 user conference in Tokyo on September 17, themed "Quantum Realized", to showcase commercial uses of its annealing quantum computing technology.

Rhea-AI Filing Summary

D-Wave is hosting its first Qubits Japan 2025 user conference in Tokyo on September 17, themed "Quantum Realized", to showcase commercial uses of its annealing quantum computing technology. The company reports APAC bookings are up 83% over the past 12 months, and highlights customers exploring AI/ML and optimization solutions. Noted APAC engagements include a pilot with Japan Tobacco Inc. on quantum AI drug discovery, an optimization pilot completed by NTT DOCOMO Inc., and a strategic relationship with Yonsei University and Incheon Metropolitan City to support efforts to acquire a D-Wave Advantage2™ system. A press release is attached as Exhibit 99.1.

Positive

• APAC bookings up 83% over the past 12 months, indicating accelerating regional demand
• Hosting the first-ever Qubits Japan 2025 conference in Tokyo to showcase customer use cases
• Named customer engagements: pilot with Japan Tobacco for quantum AI drug discovery and a completed optimization pilot by NTT DOCOMO
• Strategic relationship with Yonsei University and Incheon Metropolitan City to support acquisition of a D-Wave Advantage2™ system

Negative

• None.

Insights

Financial Analyst

TL;DR Strong APAC booking growth and named customer pilots indicate early commercial traction in enterprise use cases.

Bookings in the APAC region rising 83% year-over-12-months is a material operational signal of demand within that geography. Hosting a regional user conference creates a platform to convert interest into further pilots and potential system sales. Named engagements with Japan Tobacco and NTT DOCOMO illustrate concrete applications in quantum AI drug discovery and optimization, while the Yonsei relationship signals institutional demand that may lead to an on-campus Advantage2 system acquisition.

Industry Specialist

TL;DR Regional partnerships and completed pilots point to growing enterprise adoption of annealing quantum technology in APAC.

The conference and customer highlights emphasize practical use cases—AI/ML and optimization—rather than solely research demonstrations. Completion of an optimization pilot by NTT DOCOMO and a pilot framework with Japan Tobacco demonstrate that D-Wave's annealing approach is being evaluated for production problems. The Yonsei collaboration, tied to potential acquisition of a Advantage2 system, suggests institutional investment that could broaden local uptake and ecosystem development.

8-K Event Classification

2 items: 7.01, 9.01

2 items

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, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is D-Wave (QBTS) announcing for Japan?

D-Wave is hosting its first Qubits Japan 2025 user conference in Tokyo on September 17 to showcase adoption of its annealing quantum computing technology.

How much have D-Wave's APAC bookings grown?

D-Wave reports that APAC bookings are up 83% over the past 12 months.

Which APAC customer pilots does D-Wave highlight in the filing?

The filing highlights a pilot with Japan Tobacco Inc. on quantum AI drug discovery, an optimization pilot completed by NTT DOCOMO Inc., and a strategic relationship with Yonsei University and Incheon Metropolitan City.

What technology and use cases will be featured at Qubits Japan 2025?

The event will showcase D-Wave's annealing quantum computing technology and use cases in AI/machine learning and business optimization.

Is there a press release or exhibit attached to the filing?

Yes, a copy of the press release is attached as Exhibit 99.1.

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

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Accepted by SEC EDGAR 08/13/2025 - 07:03 AM Learn about SEC filing dates

0001907982FALSE00019079822025-08-132025-08-130001907982us-gaap:CommonStockMember2025-08-132025-08-130001907982us-gaap:WarrantMember2025-08-132025-08-13

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 13, 2025

_____________________________________________________________

D-Wave Quantum Inc.

(Exact Name of Registrant as Specified in Its Charter)

_____________________________________________________________

Delaware			001-41468			88-1068854
(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)

(604) 630-1428

(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:

o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o			Pre-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 class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, par value $0.0001 per share

QBTS

New York Stock Exchange

Warrants, each whole warrant exercisable for 1.4541326 shares of common stock at an exercise price of $11.50

QBTS.WT

New York Stock Exchange

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 x

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 13, 2025, D-Wave Quantum Inc. (“D-Wave”) announced that it is hosting its first-ever Qubits Japan 2025 quantum computing user conference in Tokyo on September 17 to support growing interest and adoption of annealing quantum computing technology across the Asia Pacific (APAC) region. Themed “Quantum Realized,” Qubits Japan 2025 will feature presentations from D-Wave executives, customers, and thought leaders that showcase how D-Wave’s quantum technology is already delivering tangible value today.

The event comes as D-Wave’s bookings in the APAC region are up 83% over the past 12 months. APAC customers are increasingly exploring, adopting, and using D-Wave’s annealing quantum computing technology to solve complex challenges spanning artificial intelligence (AI)/machine learning and business optimization problems.

D-Wave’s recent customer highlights in the APAC region include an agreement to facilitate a pilot project with Japan Tobacco Inc. related to the companies’ joint work in quantum AI drug discovery, completion of an optimization pilot by NTT DOCOMO Inc., Japan’s largest mobile phone operator, using D-Wave’s annealing quantum computing solutions, and a strategic relationship with Yonsei University and Incheon Metropolitan City to accelerate the exploration, adoption and usage of quantum computing in South Korea and to facilitate the organizations’ efforts towards the acquisition of a D-Wave Advantage2™ system at the Yonsei University International Campus. 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 13, 2025.
104						Cover 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 13, 2025			D-Wave Quantum Inc.
			By:			/s/ Alan Baratz
			Name:			Alan Baratz
			Title:			President & Chief Executive Officer