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 filed a Rule 144 notice reporting resale activity by an issuer-side holder. The filing lists an earlier 05/21/2025 stock option exercise for 2,908 shares and records securities sold in the past three months: 10,706 shares on 03/13/2026 and 328,752 shares on 05/22/2026. The filing identifies John M. Markovich as the reported holder for the recent sales.
D-Wave Quantum Inc. used its Investor Day to outline its dual-platform strategy in annealing and gate-model quantum computing, long-term technology roadmap, and funding plans. Management discussed a proposed $100 million award under the U.S. CHIPS and Science Act and a related proposed issuance of $100 million in common shares to the U.S. Department of Commerce, alongside research and development initiatives tied to that potential funding.
The company highlighted its January 2026 acquisition of Quantum Circuits Inc., a superconducting gate-model specialist, for approximately $250 million, positioning D-Wave to pursue fault-tolerant gate-model systems based on dual-rail qubits. Slides also showed Q1 2026 Bookings of $33 million, including $2.3 million from Quantum Circuits, and more than $1 billion of capital raised since Q1 2024 through at-the-market programs, warrant exercises, stock options, and an equity line. D-Wave described an at-scale model with QCaaS gross margins of 65%-75%, system gross margins of 75%-90%, and Leap cloud capacity of $25-$30 million in annual QCaaS revenue per production annealing system, with four such systems currently supporting the platform.
D-Wave Quantum Inc. is laying out a new gate-model roadmap aimed at commercial, fault-tolerant quantum computing. The plan targets 100 logical qubits capable of performing over one million operations by 2032, using its superconducting dual-rail architecture and quantum error correction.
The roadmap lists staged systems in 2026, 2027 and 2028 that progressively cut error rates, then a 10-logical-qubit fault-tolerant system by 2030 and a 100-logical-qubit system by 2032 to support early quantum chemistry and AI applications. Management highlights that embedded error detection and higher error-reduction rates are intended to reduce the number of physical qubits needed.
D-Wave Quantum Inc. Chief Financial Officer John M. Markovich reported a combination of option exercises and share sales in the company’s common stock. On May 22, 2026, he exercised stock options covering a total of 328,752 shares at exercise prices of $0.8460 and $0.9200 per share, converting derivative awards into common stock.
That same day, he executed an open-market sale of 328,752 common shares at a weighted average price of $27.7037 per share, with individual trade prices ranging from $27.00 to $28.61. Following these transactions, Markovich directly holds 1,442,820 common shares, which include 447,770 shares underlying unvested restricted stock units.
D-Wave Quantum Inc. used this report to respond to claims that new classical simulation research has overturned its earlier demonstration of quantum computational supremacy in quantum simulation. The company states those claims are inaccurate and not supported by the scientific record.
D-Wave explains that the new tensor-network work from the Flatiron Institute does not reproduce the full scope of its peer-reviewed Science result, especially the hardest problem instances and measurements. It reiterates that its annealing quantum processors showed beyond-classical performance in simulating nonequilibrium magnetic spin dynamics across several lattice geometries.
The company notes prior analysis suggesting that matching its largest reported problems with matrix product state methods would require nearly a million years on the Frontier supercomputer, with impractical memory and energy demands. D-Wave welcomes advances in classical algorithms but distinguishes between meaningful classical progress and actually overturning its quantum supremacy result.
D-Wave Quantum Inc. announced it has been awarded second-year funding for the Improved Materials for Superconducting Qubits with Scalable Fabrication (SQFab) project through the Northeast Regional Defense Technology Hub (NORDTECH) under the U.S. Microelectronics Commons program.
The award, made to subsidiary Quantum Circuits, LLC, is part of a group of four quantum-focused programs that together are receiving more than US$25 million in second-year funding after meeting first-year milestones in designing, fabricating, and characterizing quantum components. D-Wave aims to improve materials and scalable fabrication for superconducting qubits, supporting next-generation U.S. microelectronics from research to manufacturing.
Management highlights this as recognition of quantum computing’s role in U.S. microelectronics innovation and notes the work is intended to advance packaging and testing for gate-model superconducting quantum systems, while contributing to domestic semiconductor capabilities and supply-chain resilience.
D-Wave Quantum Inc. EVP and Chief Legal Officer Diane Nguyen sold 40,000 shares of Common Stock in an open-market transaction. The shares were sold on May 21, 2026 at a weighted average price of $25.014 per share, in multiple trades between $25.00 and $25.04. The sale was executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted on August 14, 2025. After this sale, Nguyen directly holds 517,149 shares of Common Stock, including 206,796 shares of unvested restricted stock units.
D-Wave Quantum Inc. files a Rule 144 notice to sell 328,752 shares of Class A common stock. The notice is dated 05/22/2026. The filing shows 10,706 shares were sold in the past three months and lists 367,250,324 shares outstanding as of 05/22/2026.
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.