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. (QBTS) reports that it has executed a Securities Issuance Agreement with the U.S. Department of Commerce under a previously announced Other Transaction Agreement supporting an award of up to $100,000,000. Under the agreement, D-Wave issued 7,095,721 shares of common stock to the Department at an issuance price of $14.093 per share in a private, unregistered transaction relying on Section 4(a)(2) of the Securities Act.
The company provides updated risk factors highlighting uncertainty around the timing and amount of funding under the award, potential challenges or changes in laws or policy that could affect the transactions, dilution from issuing shares at a discount to market, and possible limits on future strategic transactions due to the Department’s equity position and related contractual rights. D-Wave also notes that the financial, tax and accounting treatment of these arrangements is complex and may lead to additional costs, judgments, or adjustments to reported results.
D-Wave Quantum Inc. (QBTS) has a notice under Rule 144 for a planned sale of its common stock by director John D. DiLullo. The notice covers 2,200 shares of common stock, to be sold through J.P. Morgan Securities LLC as agent and attorney-in-fact for DiLullo.
The 2,200 shares are reported as acquired from the issuer on June 10, 2025 through RSU vesting in connection with services rendered. The common stock is listed on NASDAQ, and the filing is intended to satisfy the advance-notice requirements of Rule 144 for resales of restricted or control securities.
D-Wave Quantum Inc. (QBTS) entered into a definitive Other Transaction Agreement with the U.S. Department of Commerce for an award of up to $100,000,000 under the U.S. CHIPS and Science Act. The funding supports advanced microelectronics R&D for prototyping semiconductor technology to scale the company’s annealing and gate-model superconducting quantum computers.
The award will be disbursed in tranches, including an initial $53,552,620 shortly after the September 4, 2026 award date, with additional milestone-based payments over a performance period of up to five years. In connection with the award, D-Wave will issue 7,095,721 common shares to the Department at $14.093 per share as a minority, non-controlling equity stake, subject to transfer, voting, and registration-rights terms.
D-Wave highlights that this structure may accelerate development of next-generation systems, including a 100,000-qubit annealing system and a 10,000-qubit gate-model system, while also introducing risks around funding timing, stockholder dilution, potential limitations on strategic transactions, and complex financial, tax and accounting treatment.
D-Wave Quantum Inc. (QBTS) reported that Chief Financial Officer John Markovich has notified the company of his intention to retire and will resign as CFO effective September 2, 2026. The company states his resignation is not due to any disagreement regarding its business, operations, accounting, financial reporting, or controls.
D-Wave’s senior vice president of finance Greg Golkov, age 49, will become acting Chief Financial Officer and will serve as both principal financial officer and principal accounting officer. Golkov has more than 25 years of finance and accounting experience and has led D-Wave’s accounting, SEC reporting, FP&A, treasury, and tax functions since May 2023.
The company highlights Markovich’s role in taking D-Wave public in 2022 and in raising over $900 million in capital, as well as in developing what management describes as a path to profitability. A press release dated August 25, 2026 announcing these leadership changes is filed as an exhibit.
D-Wave Quantum Inc. (QBTS) reported that officer Diane Nguyen, EVP, Chief Legal Officer & GC, had 4,042 shares of Common Stock withheld on 2026-08-17 to satisfy tax withholding requirements related to vesting restricted stock units (RSUs). After this tax-withholding disposition, she holds 505,850 shares directly, including 178,074 unvested RSUs.
D-Wave Quantum Inc. (QBTS) reported an insider equity transaction by executive officer Sophie C. Ames, Executive Vice President & CHRO. On August 17, 2026, 23,850 shares of common stock were withheld to satisfy tax withholding requirements in connection with the vesting of restricted stock units. This code F transaction reflects a tax-related disposition rather than an open-market sale. After this withholding, Ames directly held 565,159 shares of common stock, including 536,144 unvested RSUs.
D-Wave Quantum Inc. (QBTS) reported that NTT DOCOMO, Japan’s largest mobile operator with more than 93 million subscriptions, has deployed a second D-Wave-powered quantum computing application in production network operations. This new application optimizes tracking area lists (TA-Lists) to manage wireless network signaling load.
The deployment reduced the daily peak volume of location registration signals by 65.3% and paging signals by 7.0%, and is used in DOCOMO’s network planning and day-to-day operations. In a representative problem involving 333 base stations, three TA-Lists and nine tracking areas, the quantum optimization completed in approximately five minutes. D-Wave highlights this as evidence that its annealing quantum technology can support practical, production-grade telecom network optimization.
D-Wave Quantum Inc. appointed Kevan P. Krysler as an independent Class I director and member of the Audit Committee, effective August 13, 2026. He will serve until the company’s 2029 Annual Meeting of Stockholders or until a successor is elected and qualified.
Krysler, age 55, is currently chief financial officer of Carbon Robotics and previously held senior finance leadership roles at Everpure, VMware, and KPMG. He will be compensated on the same basis as other non-employee directors, and the company reports no related-party transactions or family relationships connected to his appointment.
D-Wave Quantum Inc. reported second‑quarter revenue of $3.1 million and six‑month revenue of $5.9 million, down sharply from $18.1 million a year earlier as quantum system sales fell from $13.7 million to $0.3 million, while QCaaS and services increased.
Operating expenses more than doubled, reflecting higher research and development, sales and marketing, general and administrative spending and the January 2026 Quantum Circuits acquisition. This drove a six‑month operating loss of $108.0 million and net loss of $66.4 million, partly offset by a $28.4 million deferred tax benefit.
The Quantum Circuits transaction totaled $538.5 million in cash and stock, adding $217.2 million of developed technology and trademarks and $342.6 million of goodwill. Cash and equivalents declined to $296.6 million after $73.5 million of operating and $260.6 million of investing cash outflows. Remaining performance obligations were $40.7 million, and the QBTS listing later moved from the NYSE to Nasdaq.
D-Wave Quantum Inc. reported Q2 2026 revenue of $3.1 million, essentially flat year over year, while shifting its mix toward larger enterprises: commercial customers contributed 62.4% of revenue and Forbes Global 2000 clients 47.7%. GAAP gross margin was 55.4%, and GAAP operating expenses rose to $55.0 million, up 93% from Q2 2025 as the company increased personnel, marketing and third-party services and absorbed Quantum Circuits-related costs. Net loss narrowed to $48.0 million from $167.3 million, primarily because the prior-year period included substantial non-cash warrant remeasurement charges, though Adjusted EBITDA loss widened to $37.1 million.
For the first half of 2026, bookings climbed to $35.5 million, up 1,120% year over year, including a $20 million system sale, and remaining performance obligations reached $40.7 million, with 57% expected to be recognized as revenue within 12 months and 72% within two years. Revenue was $5.9 million, down sharply from $18.1 million due to a one-time $13.7 million system sale in 2025, but commercial customers accounted for 67.7% of first-half revenue and production QCaaS applications 37.3% of QCaaS revenue. Cash and marketable securities totaled $546.2 million at June 30, 2026, reflecting cash used for the Quantum Circuits acquisition. Strategically, D-Wave emphasized an expanded agreement with AT&T, recognition as a Leader in IDC’s 2026 quantum computing vendor assessment, and detailed annealing and gate-model roadmaps targeting 100,000‑qubit annealing systems by 2031 and multi-stage fault-tolerant gate-model milestones through 2032.