$10M Fortune 100 QCaaS deal marks milestone for D-Wave (QBTS)

Rhea-AI Filing Summary

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.

Insights

Quantum computing industry analyst

$10M Fortune 100 QCaaS deal advances D-Wave’s enterprise traction.

D-Wave Quantum Inc. has secured a $10 million, two-year enterprise QCaaS agreement with a leading Fortune 100 company. The arrangement centers on developing and deploying multiple quantum-powered applications, which suggests ongoing usage rather than a one-off project.

The CEO characterizes this as a “significant milestone” for annealing quantum computing adoption in enterprises, indicating that management views the deal as strategically important. The involvement of a Fortune 100 counterparty may also help validate D-Wave’s technology for other large customers.

The agreement spans two years from the stated January 27, 2026 announcement date, so revenue and reference value will unfold over time. Future disclosures may clarify specific use cases, deployment progress, and whether similar-scale contracts emerge with additional enterprise customers.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

0001907982FALSE00019079822026-01-272026-01-27

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________________________________________

FORM 8-K

_____________________________________________________________

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January 27, 2026

_____________________________________________________________

D-Wave Quantum Inc.

(Exact Name of Registrant as Specified in Its Charter)

_____________________________________________________________

Delaware			001-41468			88-1068854
(State or other jurisdiction of incorporation or organization)			(Commission File Number)			(I.R.S. Employer Identification No.)

2650 East Bayshore Road

Palo Alto, California

94303

(Address of principal executive offices)

(650) 285-2881

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

_____________________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, par value $0.0001 per share

QBTS

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 7.01 Regulation FD Disclosure.

On January 27, 2026, D-Wave Quantum Inc. (“D-Wave”) announced a $10 million, two-year enterprise Quantum Computing as a Service (QCaaS) agreement with a leading Fortune 100 company. Under the agreement, the companies plan to collaborate to develop and deploy several quantum-powered applications. According to D-Wave’s CEO, Dr. Alan Baratz, the agreement marks a significant milestone in D-Wave’s annealing quantum computing enterprise adoption and impact. A copy of the press release is attached as Exhibit 99.1.

The information in this Item 7.01 to this Current Report on Form 8-K, including Exhibit 99.1, is intended to be furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01    Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.						Description
99.1						Press release, dated January 27, 2026.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: January 27, 2026			D-Wave Quantum Inc.
			By:			/s/ Alan Baratz
			Name:			Alan Baratz
			Title:			President & Chief Executive Officer

FAQ

What did D-Wave Quantum Inc. (QBTS) announce in this 8-K?

D-Wave Quantum Inc. announced a $10 million, two-year enterprise Quantum Computing as a Service (QCaaS) agreement with a leading Fortune 100 company.

How long does the new D-Wave (QBTS) QCaaS agreement last and what is its value?

The agreement runs for two years and has a total value of $10 million, providing ongoing QCaaS to the enterprise customer.

What will D-Wave and the Fortune 100 customer do under the QCaaS agreement?

They plan to collaborate to develop and deploy several quantum-powered applications that use D-Wave’s annealing quantum computing technology.

How did D-Wave’s CEO describe the significance of this QCaaS deal?

CEO Dr. Alan Baratz said the agreement marks a significant milestone in D-Wave’s annealing quantum computing enterprise adoption and impact.

Is the information about the D-Wave QCaaS agreement considered filed or furnished?

The information in this item, including the attached press release, is intended to be furnished and is not deemed to be filed under Section 18 of the Exchange Act.

What exhibit is attached to the D-Wave Quantum (QBTS) 8-K?

The 8-K includes Exhibit 99.1, which is a press release dated January 27, 2026, and Exhibit 104, the cover page interactive data file.