Welcome to our dedicated page for D Wave Quantum SEC filings (Ticker: QBTS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The D-Wave Quantum Inc. (QBTS) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures, including Form 8-K current reports and other key documents filed with the U.S. Securities and Exchange Commission. These filings offer detailed information on material events, financial results, capital markets actions, and significant agreements that shape D-Wave’s quantum computing business.
For QBTS, recent Form 8-K filings describe topics such as quarterly financial results, the completion and reminder of public warrant redemptions, and the related Form 25 filing that removed the company’s warrants from listing and registration on the New York Stock Exchange while the common stock continues to trade under the QBTS symbol. Other 8-Ks cover the formation of a U.S. government business unit, providing insight into D-Wave’s focus on government and defense applications.
Filings also document technology and strategic milestones, including announcements of the Qubits 2026 user conference, breakthroughs in scalable on-chip cryogenic control of gate-model qubits, and the Agreement and Plan of Merger to acquire Quantum Circuits, Inc. The merger agreement filing outlines transaction terms, consideration structure, closing conditions, and related lock-up arrangements for key employees.
On Stock Titan, these SEC filings are paired with AI-powered summaries that help explain the significance of each document in clear language. Users can quickly see the core points of lengthy 8-Ks, identify items related to capital structure changes, technology developments, or business strategy, and then open the full filing text for deeper review. This makes it easier to follow QBTS disclosures over time, compare events across filings, and understand how D-Wave’s quantum computing initiatives are reflected in its official regulatory record.
D-Wave Quantum Inc. executive vice president and chief legal officer Diane Nguyen reported an open-market sale of 2,532 shares of Common Stock at a weighted average price of $17.6278 per share. According to the disclosure, this was a mandated “sell to cover” transaction to satisfy statutory tax withholding on vesting restricted stock units, rather than a discretionary trade.
After the sale, Nguyen directly holds 563,674 shares of Common Stock, which includes 223,381 shares underlying unvested restricted stock units. The transaction therefore represents a small portion of her overall equity position and reflects routine tax-related administration of equity awards.
D-Wave Quantum Inc. Chief Financial Officer John M. Markovich reported a mandated sale of 10,706 shares of Common Stock on March 13, 2026 at a weighted average price of $17.6278 per share. The transaction was an open-market sale used to cover statutory tax withholding obligations from vesting restricted stock units under the company’s equity incentive plans, and the filing states it did not represent a discretionary trade by the executive. After this tax-related sale, Markovich directly holds 1,451,427 shares of Common Stock, which include 469,645 shares underlying unvested restricted stock units.
D-Wave Quantum Inc. submitted a Rule 144 notice reporting the vesting of 6,358 restricted stock units on 03/13/2026 and recent covered sales by an affiliate. The filing lists three dispositions by Diane Nguyen: 2,733 on 12/15/2025, 24,519 on 01/14/2026, and 1,451 on 02/13/2026.
D-Wave Quantum Inc. reports a Form 144 notice related to planned dispositions of Class A Common Stock tied to vested restricted stock units. The filing lists 26,897 shares vesting on 03/13/2026 for services rendered and prior dispositions by John Markovich of 11,562, 100,000, and 9,179 shares on 12/15/2025, 12/22/2025, and 01/14/2026, respectively.
D-Wave Quantum Inc. director John D. DiLullo reported an open-market sale of 8,000 shares of common stock at a weighted average price of $18.0122 per share. The sale occurred automatically under a pre-established Rule 10b5-1 trading plan adopted on June 15, 2025.
These shares were sold in multiple trades at prices ranging from $17.31 to $18.825. After the transaction, DiLullo directly holds 19,803 shares, which include 14,260 shares underlying unvested restricted stock units.
D-Wave Quantum Inc. files its annual report describing a fast-growing, but still loss-making, quantum computing business built around commercial deployments. The company focuses on annealing quantum systems for optimization problems and is also developing gate-model systems, positioning itself as a dual-platform provider.
D-Wave delivers its technology mainly through its Leap cloud service, quantum‑classical hybrid solvers that can handle up to two million variables, and sales of on‑premises Advantage2 systems with more than 4,400 qubits and 20‑way connectivity. Customers span manufacturing, retail, logistics, finance, life sciences, telecom, and the public sector, with multiple examples already in production.
The report highlights significant risks, including a history of losses, the need for additional capital, strong global competition, cybersecurity threats, and intellectual property challenges. It also describes the January 2026 acquisition of Quantum Circuits, Inc., intended to accelerate development of scaled, error‑corrected superconducting gate‑model quantum computers.
D-Wave Quantum Inc. reported a strong step-up in scale for 2025, with revenue of $24.6 million, up 179% from $8.8 million in 2024, and GAAP gross margin rising to 82.6%. GAAP gross profit grew to $20.3 million, a 265% increase year over year.
The company ended 2025 with record liquidity, holding $884.5 million in cash and marketable investment securities, helped by $779.1 million of net cash from financing activities, including equity offerings and warrant exercises. However, GAAP operating expenses rose 46% to $120.7 million, reflecting heavier investment in sales, marketing, R&D and corporate infrastructure.
GAAP net loss widened to $355.1 million, largely due to $270.5 million of non‑cash warrant remeasurement and related items, while Adjusted Net Loss was $84.5 million and Adjusted EBITDA Loss was $71.8 million. Strategically, D‑Wave completed the acquisition of Quantum Circuits, Inc., signed a $20 million Advantage2 system sale to Florida Atlantic University, a $10 million two‑year QCaaS agreement with a Fortune 100 company, and a €10 million system capacity deal in Italy, while advancing both annealing and gate‑model technologies.
Nguyen Diane reported acquisition or exercise transactions in this Form 4 filing.
D-Wave Quantum Inc. executive Diane Nguyen, EVP, Chief Legal Officer & General Counsel, reported an equity award of 28,068 shares of Common Stock in the form of restricted stock units. The award was granted at a price of $0.0000 per share as part of her compensation.
The 28,068 RSUs each represent the right to receive one share of Common Stock and will vest in equal quarterly installments beginning on May 19, 2026 through February 19, 2030, conditioned on her continued service with the company. Following this grant, Nguyen directly holds 566,206 shares, which include 229,739 shares of unvested RSUs.