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. 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.
D-Wave Quantum Inc. filed a current report describing that it has joined the Southeastern Quantum Collaborative as an inaugural member. The group includes The University of Alabama in Huntsville, Davidson Technologies, IBM and Alabama A&M University and is focused on advancing quantum information science across the U.S. Southeast.
The Collaborative aims to build a quantum-ready workforce and translate quantum technologies into practical capabilities for sectors such as defense, logistics, energy and advanced manufacturing. D-Wave highlights that a D-Wave system already hosted at Davidson’s Huntsville, Alabama headquarters positions it to support regional workforce development and mission-focused quantum applications.
The attached press release also reiterates D-Wave’s broader business, including its dual-platform quantum computing offerings, enterprise-grade systems delivered on-premises and via its Leap cloud service, which is described as providing 99.9% availability and uptime for commercial, government and research customers.
Nguyen Diane reported open-market sale transactions in a Form 4 filing for QBTS. The filing lists transactions totaling 1,451 shares at a weighted average price of $19.76 per share. Following the reported transactions, holdings were 538,138 shares.