D Wave Quantum SEC Filings

D-Wave Quantum Inc.'s Executive Vice President & CHRO Sophie C. Ames reported a routine tax-related share disposition. On this Form 4, 23,850 shares of Common Stock were withheld by the company at a price of $22.35 per share to cover tax obligations from vesting restricted stock units.

After this tax-withholding disposition, Ames directly holds 619,828 shares of Common Stock. The filing footnotes state that this holding includes 543,750 unvested restricted stock units, which may convert into additional shares as they vest over time.

D-Wave Quantum Inc. President and CEO Alan E. Baratz reported a routine tax-related share disposition. On May 13, the company withheld 18,542 shares of Common Stock to cover tax obligations tied to vesting restricted stock units. This was recorded at $22.35 per share. After this withholding, Baratz directly holds 3,299,771 shares of Common Stock, which the filing notes include 1,270,221 unvested RSUs. The event reflects automatic tax handling on equity compensation rather than an open-market trade.

D-Wave Quantum Inc. filed an update to clarify the share count disclosed in its recent quarterly report. The Form 10-Q cover page for the quarter ended March 31, 2026 mistakenly showed 366,737,601 common shares outstanding as of May 11, 2026. The correct number of common shares outstanding as of that date was 367,269,074. Both figures explicitly exclude 3,176,096 exchangeable shares that were also outstanding as of May 11, 2026.

D-Wave Quantum Inc. reported weak results for the quarter ended March 31, 2026 as it absorbed a large acquisition. Revenue fell to $2.9 million from $15.0 million a year earlier, mainly because $12.6 million of system sales recognized in the prior-year quarter did not repeat.

Operating expenses more than doubled to $56.5 million, driven by higher research and development, general and administrative, and sales and marketing spending, including transaction costs from acquiring Quantum Circuits, Inc. Loss from operations widened to $54.7 million, but a $28.5 million income tax benefit tied to the acquisition reduced net loss to $18.4 million, or $0.05 per share.

The Quantum Circuits deal added $217.2 million of developed technology and trademarks and $342.6 million of goodwill, lifting total assets to $1.20 billion. Cash and cash equivalents were $338.2 million, down from $635.3 million at year-end 2025, reflecting $250.8 million of acquisition-related cash outflows and a $45.0 million operating cash burn.

D-Wave Quantum Inc. reported mixed first quarter 2026 results that underscore a strategic shift from near-term revenue to long-term contracted growth. Revenue fell to $2.9 million, down 81% from $15.0 million a year earlier when results benefited from a large one-time system sale.

At the same time, commercial traction accelerated. Bookings jumped to $33.4 million, up 1,994% year over year, and remaining performance obligations rose to $42.4 million, up 563%. The company closed a $20 million system sale to Florida Atlantic University and a $10 million, two-year QCaaS agreement with a Fortune 100 company.

D-Wave completed the acquisition of Quantum Circuits, adding a superconducting gate-model platform and driving GAAP operating expenses up to $56.5 million. Net loss widened to $18.4 million, while Adjusted EBITDA loss increased to $32.8 million. Despite heavy investment and $252.1 million of acquisition-related cash outflows, cash and marketable securities totaled $588.4 million as of March 31, 2026, up 93% year over year, supporting an ambitious dual-platform roadmap.

D-Wave Quantum Inc. is organizing Qubits Europe 2026: Quantum Realized, a full-day quantum computing user conference on June 18, 2026, in London. The event will gather customers, partners, researchers and other experts to highlight how organizations are already using D-Wave quantum systems to tackle complex business, scientific and government problems.

D-Wave plans presentations on real-world use cases, live application demos, and updates on its annealing and gate-model hardware, hybrid-quantum software, blockchain initiatives and quantum AI. The conference is part of D-Wave’s global Qubits series, reflecting growing public- and private-sector focus on quantum technologies across the UK, European Union and North America.

BARATZ ALAN E reported acquisition or exercise transactions in this Form 4 filing.

D-Wave Quantum Inc. reported that President & CEO Alan E. Baratz received a grant of 753,941 restricted stock units (RSUs) on April 30, 2026. Each RSU represents one share of common stock and vests in equal quarterly installments from April 30, 2026 through January 1, 2030, contingent on his continued service.

Following this award, Baratz directly holds 3,318,313 shares of common stock. The filing notes that his holdings include 1,270,220 unvested RSUs, and that 47,122 RSUs from the April 2026 grant have already vested, though the related shares have not yet been delivered.

D-Wave Quantum Inc. updated the employment agreement for its President and Chief Executive Officer, Dr. Alan Baratz. The Third Amendment, effective April 30, 2026, increases his annual base salary to $700,000, effective as of January 1, 2026. It also provides a grant of restricted stock units with an aggregate value of $13,488,000 under the company’s 2022 Equity Incentive Plan, reflecting the board’s recognition of his years of service and commitment to the company.

D-Wave Quantum Inc Schedule 13G: Vanguard Capital Management reports beneficial ownership of 18,651,910 shares of Common Stock, equal to 5.08% of the class as of 03/31/2026. The filing shows sole dispositive power over 18,651,910 shares and sole voting power over 2,800,385 shares; the filing is signed on 04/29/2026.