D Wave Quantum SEC Filings

D-Wave Quantum Inc. entered into a new enterprise agreement valued at $10 million over two years to provide Quantum Computing as a Service (QCaaS) to a leading Fortune 100 company. The parties plan to work together to build and deploy several applications that use D-Wave’s annealing-based quantum technology for real-world business problems. D-Wave’s CEO, Dr. Alan Baratz, described the deal as a significant milestone in the company’s enterprise adoption and impact, underscoring growing commercial interest in its quantum solutions.

D-Wave Quantum Inc. entered into a new enterprise agreement valued at $10 million over two years to provide Quantum Computing as a Service (QCaaS) to a leading Fortune 100 company. The parties plan to work together to build and deploy several applications that use D-Wave’s annealing-based quantum technology for real-world business problems. D-Wave’s CEO, Dr. Alan Baratz, described the deal as a significant milestone in the company’s enterprise adoption and impact, underscoring growing commercial interest in its quantum solutions.

D-Wave Quantum Inc. entered into a new enterprise agreement valued at $10 million over two years to provide Quantum Computing as a Service (QCaaS) to a leading Fortune 100 company. The parties plan to work together to build and deploy several applications that use D-Wave’s annealing-based quantum technology for real-world business problems. D-Wave’s CEO, Dr. Alan Baratz, described the deal as a significant milestone in the company’s enterprise adoption and impact, underscoring growing commercial interest in its quantum solutions.

D-Wave Quantum Inc. entered into a new enterprise agreement valued at $10 million over two years to provide Quantum Computing as a Service (QCaaS) to a leading Fortune 100 company. The parties plan to work together to build and deploy several applications that use D-Wave’s annealing-based quantum technology for real-world business problems. D-Wave’s CEO, Dr. Alan Baratz, described the deal as a significant milestone in the company’s enterprise adoption and impact, underscoring growing commercial interest in its quantum solutions.

D-Wave Quantum Inc. entered into a new enterprise agreement valued at $10 million over two years to provide Quantum Computing as a Service (QCaaS) to a leading Fortune 100 company. The parties plan to work together to build and deploy several applications that use D-Wave’s annealing-based quantum technology for real-world business problems. D-Wave’s CEO, Dr. Alan Baratz, described the deal as a significant milestone in the company’s enterprise adoption and impact, underscoring growing commercial interest in its quantum solutions.

D-Wave Quantum Inc. used a current report to highlight new commercial, technology, and strategic milestones rather than financial results. The company announced that Florida Atlantic University agreed to purchase and install an Advantage2 annealing quantum computer in Boca Raton under a $20 million commitment, supporting Florida’s quantum computing ambitions and a broader education and workforce partnership, subject to Florida public-entity requirements.

D-Wave also described a defense-focused collaboration with Davidson Technologies and Anduril, where its Stride hybrid solver on Advantage2 delivered at least 10x faster time-to-solution, a 9–12% improvement in threat mitigation, and the ability to intercept 45–60 additional missiles in a 500-missile attack simulation versus a classical-only approach. The company outlined enhancements to its annealing platform, including Stride support for surrogate modeling, fast-reverse anneal, and multicolor annealing, and said it is accelerating development of a superconducting gate-model system targeting initial market availability in 2026.

Finally, D-Wave selected Boca Raton, Florida as its new corporate headquarters and key U.S. R&D hub, planning to move from Palo Alto before the end of 2026 while maintaining a distributed North American footprint.

D-Wave Quantum Inc. used a current report to highlight new commercial, technology, and strategic milestones rather than financial results. The company announced that Florida Atlantic University agreed to purchase and install an Advantage2 annealing quantum computer in Boca Raton under a $20 million commitment, supporting Florida’s quantum computing ambitions and a broader education and workforce partnership, subject to Florida public-entity requirements.

D-Wave also described a defense-focused collaboration with Davidson Technologies and Anduril, where its Stride hybrid solver on Advantage2 delivered at least 10x faster time-to-solution, a 9–12% improvement in threat mitigation, and the ability to intercept 45–60 additional missiles in a 500-missile attack simulation versus a classical-only approach. The company outlined enhancements to its annealing platform, including Stride support for surrogate modeling, fast-reverse anneal, and multicolor annealing, and said it is accelerating development of a superconducting gate-model system targeting initial market availability in 2026.

Finally, D-Wave selected Boca Raton, Florida as its new corporate headquarters and key U.S. R&D hub, planning to move from Palo Alto before the end of 2026 while maintaining a distributed North American footprint.

D-Wave Quantum Inc. used a current report to highlight new commercial, technology, and strategic milestones rather than financial results. The company announced that Florida Atlantic University agreed to purchase and install an Advantage2 annealing quantum computer in Boca Raton under a $20 million commitment, supporting Florida’s quantum computing ambitions and a broader education and workforce partnership, subject to Florida public-entity requirements.

D-Wave also described a defense-focused collaboration with Davidson Technologies and Anduril, where its Stride hybrid solver on Advantage2 delivered at least 10x faster time-to-solution, a 9–12% improvement in threat mitigation, and the ability to intercept 45–60 additional missiles in a 500-missile attack simulation versus a classical-only approach. The company outlined enhancements to its annealing platform, including Stride support for surrogate modeling, fast-reverse anneal, and multicolor annealing, and said it is accelerating development of a superconducting gate-model system targeting initial market availability in 2026.

Finally, D-Wave selected Boca Raton, Florida as its new corporate headquarters and key U.S. R&D hub, planning to move from Palo Alto before the end of 2026 while maintaining a distributed North American footprint.

D-Wave Quantum Inc. used a current report to highlight new commercial, technology, and strategic milestones rather than financial results. The company announced that Florida Atlantic University agreed to purchase and install an Advantage2 annealing quantum computer in Boca Raton under a $20 million commitment, supporting Florida’s quantum computing ambitions and a broader education and workforce partnership, subject to Florida public-entity requirements.

D-Wave also described a defense-focused collaboration with Davidson Technologies and Anduril, where its Stride hybrid solver on Advantage2 delivered at least 10x faster time-to-solution, a 9–12% improvement in threat mitigation, and the ability to intercept 45–60 additional missiles in a 500-missile attack simulation versus a classical-only approach. The company outlined enhancements to its annealing platform, including Stride support for surrogate modeling, fast-reverse anneal, and multicolor annealing, and said it is accelerating development of a superconducting gate-model system targeting initial market availability in 2026.

Finally, D-Wave selected Boca Raton, Florida as its new corporate headquarters and key U.S. R&D hub, planning to move from Palo Alto before the end of 2026 while maintaining a distributed North American footprint.

D-Wave Quantum Inc. used a current report to highlight new commercial, technology, and strategic milestones rather than financial results. The company announced that Florida Atlantic University agreed to purchase and install an Advantage2 annealing quantum computer in Boca Raton under a $20 million commitment, supporting Florida’s quantum computing ambitions and a broader education and workforce partnership, subject to Florida public-entity requirements.

D-Wave also described a defense-focused collaboration with Davidson Technologies and Anduril, where its Stride hybrid solver on Advantage2 delivered at least 10x faster time-to-solution, a 9–12% improvement in threat mitigation, and the ability to intercept 45–60 additional missiles in a 500-missile attack simulation versus a classical-only approach. The company outlined enhancements to its annealing platform, including Stride support for surrogate modeling, fast-reverse anneal, and multicolor annealing, and said it is accelerating development of a superconducting gate-model system targeting initial market availability in 2026.

Finally, D-Wave selected Boca Raton, Florida as its new corporate headquarters and key U.S. R&D hub, planning to move from Palo Alto before the end of 2026 while maintaining a distributed North American footprint.

D-Wave Quantum Inc. filed a prospectus supplement with the SEC covering the resale by certain selling stockholders of an aggregate of 10,430,444 shares of its common stock. This means existing holders are being registered to sell these shares publicly under an effective shelf registration on Form S-3ASR.

The company also filed a legal opinion from Paul, Weiss, Rifkind, Wharton & Garrison LLP as an exhibit, confirming the validity of the shares covered by the prospectus supplement and incorporating that opinion into the existing registration statement.

D-Wave Quantum Inc. has filed a prospectus supplement covering the resale by selling stockholders of up to 10,430,444 shares of its common stock. These shares were issued to former Quantum Circuits Inc. owners in connection with D-Wave’s recently completed acquisition of that company, a developer of error-corrected superconducting gate-model quantum systems. All sale proceeds will go to the selling stockholders; D-Wave will not receive any proceeds from these resales.

D-Wave positions itself as a pioneer in quantum computing, offering annealing systems, emerging gate-model systems and hybrid solvers delivered primarily via its Leap cloud service. The company highlights a 2025 peer‑reviewed quantum supremacy result, its Advantage2 annealing system, and its strategy to be a dual‑platform quantum provider combining annealing, gate‑model technology, and quantum‑AI applications.

D-Wave Quantum Inc. has filed an automatic shelf registration statement on Form S-3, allowing it to offer from time to time a broad range of securities, including common stock, preferred stock, debt securities, warrants and units. The filing also permits certain selling stockholders to offer and sell shares of common stock using prospectus supplements. Specific terms, amounts, prices and use of proceeds for each issuance will be described in future supplements, while the company notes that it will retain broad discretion to use any primary offering proceeds for business expansion, general corporate purposes and potential acquisitions.

The prospectus highlights D-Wave’s position as a dual-platform quantum computing company, following completion of its acquisition of Quantum Circuits Inc., and describes its focus on annealing and gate-model quantum systems, cloud-based access and quantum-AI applications.

D-Wave Quantum Inc. completed its previously announced acquisition of Quantum Circuits, Inc., gaining all of its issued and outstanding equity. The deal consideration at closing consisted of 10,430,444 shares of D-Wave common stock plus $250,000,000 in cash, subject to net debt and other adjustments under the merger agreement.

In connection with issuing the stock portion of the consideration, D-WWave and the former Quantum Circuits securityholders entered into a Registration Rights Agreement granting registration rights for the stock consideration. D-Wave highlights risks that integration challenges, higher-than-expected costs, or failure to realize synergies between annealing and gate-model quantum computing could hurt its business and share price. The company also reiterates forward-looking plans, including its dual-platform roadmap and an intention to make an initial gate-model system available in 2026.

D-Wave Quantum Inc.'s EVP, Chief Legal Officer & GC, Diane Nguyen, reported two sales of common stock. On January 13, 2026, she sold 20,000 shares at a weighted average price of $28.8579 per share, executed automatically under a Rule 10b5-1 trading plan adopted on August 14, 2025. On January 14, 2026, she sold 4,519 shares at a weighted average price of $28.0623 per share to cover statutory tax withholding on vesting restricted stock units, under a mandated “sell to cover” arrangement.

Following these transactions, Nguyen beneficially owns 539,589 shares of common stock, which includes 207,921 unvested restricted stock units and 799 shares acquired through the company’s employee stock purchase plan for the June 1, 2025 to November 30, 2025 purchase period.

D-Wave Quantum Inc. (QBTS) Chief Financial Officer John M. Markovich reported an automatic sale of 9,179 shares of common stock on January 14, 2026. The shares were sold at a weighted average price of $28.0623 per share in multiple trades within a price range of $27.68 to $28.37.

The filing explains that this was a mandatory “sell to cover” transaction to satisfy statutory tax withholding obligations triggered by the vesting of restricted stock units, and it did not represent a discretionary trade by the CFO. After this tax-related sale, Markovich beneficially owned 1,462,133 shares of common stock, which includes 496,542 unvested restricted stock units.

D-Wave Quantum Inc. President & CEO Alan E. Baratz reported a tax-related share sale. On 01/14/2026, he sold 35,013 shares of D-Wave Quantum Inc. Common Stock at a weighted average price of $28.0623 per share. According to the disclosure, these shares were sold solely to cover statutory tax withholding obligations arising from the vesting of restricted stock units, under a mandatory “sell to cover” election in the company’s equity incentive plans, and do not represent a discretionary trade by him.

Following this transaction, Baratz beneficially owned 2,598,150 shares of Common Stock, which includes 649,244 shares underlying unvested restricted stock units.