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.
D-Wave Quantum Inc. filings document the regulatory record for a public quantum computing company that develops annealing and gate-model systems, software and services. The company’s Form 8-K disclosures include operating results, financial-condition updates, investor presentations, Regulation FD announcements, customer and collaboration developments, user conferences and product or technical updates.
Proxy and governance filings cover board matters, executive compensation, equity awards and shareholder voting items. Other material-event filings describe compensation arrangements, the company’s equity incentive plan, subsidiary agreements and formal disclosures tied to its commercial quantum computing business.
D-Wave Quantum Inc. executive Sophie C. Ames sold 23,025 shares of common stock in an open-market transaction. The shares were sold at a weighted average price of $18.9765 per share, in multiple trades between $18.35 and $19.40. After the sale, she directly holds 596,803 shares, including 543,750 unvested restricted stock units. The transaction was executed automatically under a Rule 10b5-1 trading plan adopted on June 13, 2025 and modified on September 12, 2025.
QBTS filed a Form 144 reporting an intended resale of 60,000 shares of Common Stock. The filing lists prior issuer acquisitions through RSU vesting and an ESPP purchase that generated smaller share lots on specific dates. The filing shows a corporate share figure of 366,737,601 with a date of 05/21/2026.
D-Wave Quantum Inc. has signed a non-final Letter of Intent for $100 million of proposed funding under the U.S. CHIPS and Science Act, administered by the U.S. Department of Commerce. In connection with final award documents, D-Wave would issue $100 million in common shares to the Department, giving the U.S. government an equity stake.
The proposed funding is intended to accelerate development and scaling of D-Wave’s annealing and gate-model quantum systems across R&D sites in Florida, Connecticut and Canada, including targets such as a 100,000‑qubit annealing system and a 10,000‑qubit gate-model system. The company highlights potential advances in quantum applications for optimization, materials simulation, blockchain and AI, while warning of risks such as failure to execute definitive documents, conditions on disbursement, funding availability and dilution to existing shareholders.
D‑Wave Quantum, Inc. submitted a Form 144 notice reporting the proposed sale of 23,025 shares of Common Stock tied to RSU vesting on 04/28/2026. The filing also records a prior sale of 3,070 shares on 04/20/2026 associated with Sophie C. Ames and lists 65,549 in the same row of the submission.
D-Wave Quantum Inc. executive Diane Nguyen, EVP and Chief Legal Officer, reported a tax-related share disposition. The company withheld 2,459 shares of Common Stock to cover tax obligations tied to vesting restricted stock units. After this non-market transaction, she holds 557,149 shares directly, including 206,796 unvested RSUs.
D-Wave Quantum Inc.'s Executive Vice President & CHRO Sophie C. Ames reported a routine tax-related share disposition. On this Form 4, 23,850 shares of Common Stock were withheld by the company at a price of $22.35 per share to cover tax obligations from vesting restricted stock units.
After this tax-withholding disposition, Ames directly holds 619,828 shares of Common Stock. The filing footnotes state that this holding includes 543,750 unvested restricted stock units, which may convert into additional shares as they vest over time.
D-Wave Quantum Inc. President and CEO Alan E. Baratz reported a routine tax-related share disposition. On May 13, the company withheld 18,542 shares of Common Stock to cover tax obligations tied to vesting restricted stock units. This was recorded at $22.35 per share. After this withholding, Baratz directly holds 3,299,771 shares of Common Stock, which the filing notes include 1,270,221 unvested RSUs. The event reflects automatic tax handling on equity compensation rather than an open-market trade.
D-Wave Quantum Inc. filed an update to clarify the share count disclosed in its recent quarterly report. The Form 10-Q cover page for the quarter ended March 31, 2026 mistakenly showed 366,737,601 common shares outstanding as of May 11, 2026. The correct number of common shares outstanding as of that date was 367,269,074. Both figures explicitly exclude 3,176,096 exchangeable shares that were also outstanding as of May 11, 2026.
D-Wave Quantum Inc. reported weak results for the quarter ended March 31, 2026 as it absorbed a large acquisition. Revenue fell to $2.9 million from $15.0 million a year earlier, mainly because $12.6 million of system sales recognized in the prior-year quarter did not repeat.
Operating expenses more than doubled to $56.5 million, driven by higher research and development, general and administrative, and sales and marketing spending, including transaction costs from acquiring Quantum Circuits, Inc. Loss from operations widened to $54.7 million, but a $28.5 million income tax benefit tied to the acquisition reduced net loss to $18.4 million, or $0.05 per share.
The Quantum Circuits deal added $217.2 million of developed technology and trademarks and $342.6 million of goodwill, lifting total assets to $1.20 billion. Cash and cash equivalents were $338.2 million, down from $635.3 million at year-end 2025, reflecting $250.8 million of acquisition-related cash outflows and a $45.0 million operating cash burn.
D-Wave Quantum Inc. reported mixed first quarter 2026 results that underscore a strategic shift from near-term revenue to long-term contracted growth. Revenue fell to $2.9 million, down 81% from $15.0 million a year earlier when results benefited from a large one-time system sale.
At the same time, commercial traction accelerated. Bookings jumped to $33.4 million, up 1,994% year over year, and remaining performance obligations rose to $42.4 million, up 563%. The company closed a $20 million system sale to Florida Atlantic University and a $10 million, two-year QCaaS agreement with a Fortune 100 company.
D-Wave completed the acquisition of Quantum Circuits, adding a superconducting gate-model platform and driving GAAP operating expenses up to $56.5 million. Net loss widened to $18.4 million, while Adjusted EBITDA loss increased to $32.8 million. Despite heavy investment and $252.1 million of acquisition-related cash outflows, cash and marketable securities totaled $588.4 million as of March 31, 2026, up 93% year over year, supporting an ambitious dual-platform roadmap.