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 (QBTS) filed its Q3 2025 10‑Q, highlighting sharp revenue growth and a stronger balance sheet. Revenue reached $3,739 (in thousands), up from $1,870 a year ago, with year‑to‑date revenue of $21,835 (in thousands). The quarter’s net loss was $139,986 (in thousands), driven largely by a non‑cash $121,859 (in thousands) loss from remeasuring warrant liabilities.
Cash and cash equivalents rose to $836,231 (in thousands), supported by financing activity, including at‑the‑market issuances and warrant exercises. Customer concentration remained high as Customer A represented 51% of Q3 revenue and 72% year‑to‑date. Germany led geography with $1,972 (in thousands) in Q3 revenue. As of September 30, 2025, 345,971,195 shares were outstanding; as of November 5, 2025, common shares outstanding were 346,718,581, with 3,403,222 exchangeable shares convertible one‑for‑one.
The company entered a $13.8 million equipment financing facility with an initial $0.5 million draw and a related warrant. Subsequent to quarter‑end, holders exercised 1,896,454 warrants for 2,757,696 shares, and the company initiated a mandatory redemption of remaining public warrants effective November 19, 2025 at $0.01 per warrant.
D‑Wave Quantum Inc. (QBTS) furnished an 8‑K announcing financial results for its fiscal third quarter ended September 30, 2025. The company made available a press release and an investor presentation covering financial results alongside business, product, and technical updates. These materials are furnished, not filed, and are included as Exhibits 99.1 and 99.2. The company’s common stock trades on the NYSE as QBTS, and its warrants trade as QBTS.WT.
D‑Wave Quantum Inc. (QBTS) furnished an update on a joint proof‑of‑concept with BASF showing a hybrid‑quantum application optimized manufacturing workflows at a BASF liquid‑filling facility. The technology set a new benchmark for efficiency by cutting production scheduling time from 10 hours to seconds.
The application was built to minimize setup time between products, speed tank offloading, and reduce tardiness versus due dates. In real‑world testing, it outperformed an existing solution across key metrics: lateness decreased by 14%, setup times fell 9%, and tank unloading durations shortened by up to 18%. D‑Wave views this as an important step toward deploying hybrid‑quantum applications in production for manufacturing and supply chain operations. The information was furnished under Item 7.01, along with a press release as Exhibit 99.1.
D‑Wave Quantum Inc. (QBTS) announced that its Advantage2 quantum computer is now operational at Davidson Technologies’ headquarters in Huntsville, Alabama. The system is intended to address mission‑critical U.S. government problems in areas such as radar detection, resource deployment, military logistics optimization, materials science, AI, and national security, and will eventually run sensitive applications.
This marks a major milestone in a multi‑year agreement and technology collaboration between D‑Wave and Davidson to accelerate quantum computing adoption among U.S. government agencies. The system is available for customer use now via D‑Wave’s Leap real‑time quantum cloud service. It is D‑Wave’s second U.S.-based annealing quantum computer and the first in Alabama, underscoring growing regional support for advanced technology tied to national defense.
D-Wave Quantum Inc. (QBTS) announced a €10M contract tied to Italy’s Q-Alliance initiative, supporting a planned quantum computing and research facility in Lombardy. The agreement covers acquisition of 50% capacity of an Advantage2 annealing quantum computer for five years, with an option to purchase the full system. The company is also hosting seminars in Italy to advance annealing quantum computing awareness among universities, with initial workshops at the Università dell’Insubria and the Università della Svizzera Italiana.
The disclosure was made under Regulation FD, and a related press release was furnished as an exhibit. The effort aims to make the Advantage2 system accessible to Italy’s scientific community, academia, and industry as part of the government’s digital and quantum technology framework.
D-Wave Quantum Inc. announced it will redeem all outstanding public warrants at $0.01 per Warrant at 5:00 p.m. New York City time on November 19, 2025. As of October 17, 2025, approximately 5 million Warrants were outstanding. Holders may exercise until the deadline; unexercised Warrants will be void and paid the redemption price.
Each Warrant is exercisable for 1.4541326 shares of common stock for $11.50 per Warrant. If all Warrants are exercised, the company expects to issue approximately 7.2 million shares, resulting in less than 2.1% dilution. The redemption is permitted after the stock traded at or above $18.00 on at least twenty days within a thirty‑day period. The Warrants are expected to trade on the NYSE through November 17, 2025.
D‑Wave Quantum (QBTS) Form 4: EVP, Chief Legal Officer & GC Diane Nguyen reported a sale of Common Stock on 10/14/2025. The filing shows 20,827 shares sold at a weighted average price of $43.7434 to cover statutory tax withholding upon RSU vesting. The issuer mandates a “sell to cover” approach under its equity incentive plans, so this was not a discretionary trade.
Following the transaction, the reporting person beneficially owns 588,845 shares, which includes 230,863 unvested restricted stock units. The sales occurred in multiple trades between $43.65 and $44.06, and the ownership is held directly.
D-Wave Quantum Inc. (QBTS) reported an insider transaction by its Chief Financial Officer. On 10/14/2025, the CFO sold 7,994 shares of Common Stock at a weighted average price of $43.7434, with trades executed between $43.65 and $44.06. The filing states this was a mandated “sell to cover” to satisfy statutory tax withholding upon RSU vesting, not a discretionary trade.
Following the transaction, the officer beneficially owns 1,580,934 shares, which includes 764,065 unvested RSUs. Ownership is reported as direct.
D‑Wave Quantum (QBTS) insider transaction: President & CEO and Director Alan Baratz reported a sale of 31,369 shares of Common Stock on 10/14/2025 at a weighted average price of $43.7434. The filing states this was a mandated “sell to cover” to satisfy statutory tax withholding upon RSU vesting, not a discretionary trade. Following the transaction, he beneficially owned 2,801,265 shares, which includes 1,110,087 unvested RSUs. The reported sales occurred across prices ranging from $43.65 to $44.06.
D‑Wave Quantum (QBTS) announced an agreement with Swiss Quantum Technology SA to deploy an Advantage2 annealing quantum computer in Europe. The agreement represents a €10M quantum computing‑as‑a‑service commitment over approximately five years, with an option for SQT to purchase the system.
The Advantage2 system, featuring a 4,400+ qubit processor, will be accessible to customers via D‑Wave’s Leap real‑time quantum cloud service. The placement supports Italy’s newly formed Q‑Alliance initiative aimed at advancing national digital transformation. Company leadership highlighted the system’s capability to tackle complex problems and its energy‑efficient design. The disclosure was furnished under Regulation FD, and a press release is included as Exhibit 99.1.