BlackRock (NYSE: BLK) discloses 8.3% beneficial ownership in D-Wave Inc. (QBTS)

Rhea-AI Filing Summary

BlackRock, Inc. reports beneficial ownership of common stock of D-Wave Inc. amounting to 30,566,629 shares, representing 8.3% of the class. BlackRock has sole voting power over 29,945,216 shares and sole dispositive power over 30,566,629 shares, with no shared voting or dispositive power reported. Various underlying clients have economic interests in these shares, but no single client holds more than five percent of D-Wave’s outstanding common shares.

Key Figures

Beneficial ownership: 30,566,629 shares Percent of class owned: 8.3% Sole voting power: 29,945,216 shares +2 more

5 metrics

Beneficial ownership 30,566,629 shares Common stock of D-Wave Inc. beneficially owned by BlackRock, Inc.

Percent of class owned 8.3% Percentage of D-Wave Inc. common stock class beneficially owned by BlackRock, Inc.

Sole voting power 29,945,216 shares Shares of D-Wave Inc. over which BlackRock has sole power to vote

Sole dispositive power 30,566,629 shares Shares of D-Wave Inc. over which BlackRock has sole power to dispose

CUSIP 26740W109 CUSIP number for D-Wave Inc. common stock reported in the filing

Key Terms

beneficially owned, Sole Voting Power, Sole Dispositive Power, Schedule 13G/A, +1 more

5 terms

beneficially owned regulatory

"this reflects the securities beneficially owned, or deemed to be beneficially owned"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power financial

"Sole Voting Power 29,945,216.00 6 | Shared Voting Power 0.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Sole Dispositive Power financial

"Sole Dispositive Power 30,566,629.00 8 | Shared Dispositive Power 0.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13G/A regulatory

""form_type": "SCHEDULE 13G/A""

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

parent holding company regulatory

"If a parent holding company has filed this schedule, pursuant to (ii)(G)"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/29/2026 - 03:20 PM Accepted by SEC EDGAR 07/29/2026 - 03:19 PM Learn about SEC filing dates

FAQ

What percentage of D-Wave Inc. (QBTS) shares does BlackRock currently report owning?

BlackRock reports beneficial ownership of 8.3% of D-Wave Inc.’s common stock. This corresponds to 30,566,629 shares beneficially owned as disclosed in the Schedule 13G/A amendment.

How many D-Wave Inc. (QBTS) shares does BlackRock have voting power over?

BlackRock has sole voting power over 29,945,216 shares of D-Wave Inc. common stock. The filing states there is no shared voting power over any shares.

What is the total number of D-Wave Inc. (QBTS) shares BlackRock can dispose of?

BlackRock reports sole dispositive power over 30,566,629 shares of D-Wave Inc. common stock. The Schedule 13G/A indicates no shared dispositive power over any shares.

Does any single BlackRock client own more than 5% of D-Wave Inc. (QBTS) shares?

No. The filing states that various persons have rights to dividends or sale proceeds, but no one person's interest in D-Wave Inc. common stock exceeds five percent of the total outstanding shares.

Who is the reporting person in this D-Wave Inc. (QBTS) Schedule 13G/A filing?

The reporting person is BlackRock, Inc., a Delaware entity. The filing aggregates securities beneficially owned by certain BlackRock business units and excludes units whose ownership is disaggregated under SEC Release No. 34-39538.

What class of D-Wave Inc. (QBTS) securities is covered in BlackRock’s Schedule 13G/A?

The Schedule 13G/A covers common stock of D-Wave Inc. identified by CUSIP 26740W109. BlackRock reports its beneficial ownership and related voting and dispositive powers over this class.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

D-WAVE QUANTUM INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

26740W109

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 26740W109

1

Names of Reporting Persons

BlackRock, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 29,945,216.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 30,566,629.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

30,566,629.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.3 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: D-WAVE QUANTUM INC
(b)	Address of issuer's principal executive offices: 2650 EAST BAYSHORE ROAD PALO ALTO CA 94303
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 26740W109
Item 4.	Ownership
(a)	Amount beneficially owned: 30566629
(b)	Percent of class: 8.3 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 29945216
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 30566629
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of D-WAVE QUANTUM INC. No one person's interest in the common stock of D-WAVE QUANTUM INC is more than five percent of the total outstanding common shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	07/29/2026

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7