Annonce • May 23
D-Wave Quantum Inc. announced that it expects to receive $100 million in funding from United States Department of Commerce D-Wave Quantum Inc. announced that it has entered into a letter of intent with new investor, United States Department of Commerce to issue common shares for gross proceeds of $100,000,000 on May 21, 2026. Reported Earnings • May 13
First quarter 2026 earnings released: US$0.05 loss per share (vs US$0.019 loss in 1Q 2025) First quarter 2026 results: US$0.05 loss per share (further deteriorated from US$0.019 loss in 1Q 2025). Revenue: US$2.86m (down 81% from 1Q 2025). Net loss: US$18.4m (loss widened 239% from 1Q 2025). Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy. Annonce • Apr 26
D-Wave Quantum Inc., Annual General Meeting, Jun 04, 2026 D-Wave Quantum Inc., Annual General Meeting, Jun 04, 2026. Annonce • Apr 23
D-Wave Quantum Inc. to Report Q1, 2026 Results on May 12, 2026 D-Wave Quantum Inc. announced that they will report Q1, 2026 results Pre-Market on May 12, 2026 Reported Earnings • Feb 27
Full year 2025 earnings released: US$1.11 loss per share (vs US$0.75 loss in FY 2024) Full year 2025 results: US$1.11 loss per share (further deteriorated from US$0.75 loss in FY 2024). Revenue: US$24.6m (up 179% from FY 2024). Net loss: US$355.1m (loss widened 147% from FY 2024). Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Italy. Annonce • Feb 12
D-Wave Quantum Inc. to Report Q4, 2025 Results on Feb 26, 2026 D-Wave Quantum Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 26, 2026 Annonce • Jan 27
D-Wave Quantum Inc. Announces Key Product and Technology Milestones D-Wave Quantum Inc. announced key product and technology milestones that underscore accelerating customer adoption and progress. At Qubits 2026, D-Wave’s annual user conference today, the Company will introduce new hybrid solver capabilities that enable customers to incorporate machine learning models directly into quantum optimization workflows, as well as new tools that give quantum scientists deeper visibility into quantum dynamics using annealing quantum computers. In addition, the Company will share details on its accelerated gate-model development roadmap, including progress enabled by the recent acquisition of Quantum Circuits Inc., a breakthrough demonstration of scalable on-chip cryogenic control of qubits, and plans to bring an initial gate-model system to market in 2026. These development efforts and updates focus on scalability, enabling customers to tackle increasingly large and complex problems with greater efficiency and performance. Customer usage of D-Wave’s award-winning Advantage2 annealing quantum computers increased by 314% over the last year, while usage of the Company’s Stride™ hybrid solver, formerly known as the nonlinear program solver, increased by 114% in the last six months. D-Wave has introduced several annealing quantum computing product enhancements recently, including: Hybrid Solver Software Supports Integrated Machine Learning Models: D-Wave’s Stride hybrid solver combines the strengths of annealing quantum computing and classical computing to help customers address problems that classical-only methods may not be able to effectively or efficiently solve. The Stride hybrid solver now allows for surrogate modeling, enabling customers to incorporate machine learning models directly into optimization workflows to support a wider range of use cases within domains such as predictive maintenance, surge pricing, advertising campaign optimization, and employee scheduling. Learn more about the Stride hybrid solver here. Multicolor Annealing and Fast-Reverse Anneal: These new capabilities, which are now available to select customers, provide more precise qubit control to help scientists accelerate experimentation and discovery. Fast-reverse anneal allows the annealing quantum computer to move back and forth through the annealing process while maintaining coherence where quantum effects are strongest. This repeatable control allows researchers to study how quantum states evolve and transition, deepening understanding of complex quantum behavior. Multicolor annealing, a set of processor controls that enable operations such as controlled excitation and mid-anneal projection, give researchers the ability to generate dynamical quantum states, probe quantum phenomena at a deeper level, and prototype new algorithms. In addition to advancements with its annealing quantum computing technology, D-Wave is accelerating development of its gate-model quantum computing platform. Through the recent acquisition of Quantum Circuits Inc. as well as its own breakthrough development work, D-Wave is uniquely positioned as the only company with all three core technologies required to deliver scaled, error-corrected superconducting gate-model systems: High-fidelity, error-detecting dual-rail qubits for efficient error correction with up to an order of magnitude fewer physical qubits per logical qubit Local cryogenic control and multi-chip superconducting packaging for scaling systems with orders of magnitude fewer I/O control lines, as detailed in a new white paper here. Robust cryogenic platforms with demonstrated uptimes of years for commercial-grade operations. Together, these capabilities support D-Wave’s plans to bring an initial gate-model quantum computing system to market in 2026, reinforcing the company’s dual-platform strategy and long-term vision for practical, scalable quantum computing. Annonce • Jan 21
D-Wave Quantum Inc. (NYSE:QBTS) completed the acquisition of Quantum Circuits, Inc. D-Wave Quantum Inc. (NYSE:QBTS) entered into an Agreement to acquire Quantum Circuits, Inc. for $550 million on January 6, 2026. A consideration consists of a number of the D-Wave Quantum’s common stock, par value $0.0001 per share with a value $300 million, plus $250 million in cash, subject to a net debt adjustment.
The acquisition is subject to certain closing conditions set forth in the merger agreement, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the approval of listing of the shares of D-Wave common stock being issued as consideration on the NYSE. Closing is expected to occur in late January 2026.
Centerview Partners LLC acted as financial advisor for D-Wave Quantum Inc. Adam Givertz and Stan Richards of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for D-Wave Quantum Inc. Needham & Company, LLC acted as financial advisor and Jeffrey Lehrer and Scott Cowan of DLA Piper LLP acted as legal advisor for Quantum Circuits, Inc.
D-Wave Quantum Inc. (NYSE:QBTS) completed the acquisition of Quantum Circuits, Inc. on January 20, 2026. Recent Insider Transactions • Jan 16
President recently sold €843k worth of stock On the 14th of January, Alan Baratz sold around 35k shares on-market at roughly €24.08 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €3.3m. Alan has been a net seller over the last 12 months, reducing personal holdings by €5.4m. Buy Or Sell Opportunity • Dec 21
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 4.8% to €22.43. The fair value is estimated to be €17.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last 3 years. Earnings per share has declined by 28%. For the next 3 years, revenue is forecast to grow by 47% per annum. Earnings are also forecast to grow by 33% per annum over the same time period. Recent Insider Transactions • Nov 17
President recently sold €3.3m worth of stock On the 13th of November, Alan Baratz sold around 168k shares on-market at roughly €19.91 per share. This transaction amounted to 8.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Alan has been a net seller over the last 12 months, reducing personal holdings by €4.5m. Annonce • Nov 10
D-Wave to Showcase Advanced Hybrid Quantum Technologies at SC25 D-Wave Quantum Inc. announced it will showcase advances in hybrid quantum technology at SC25, the international conference for high performance computing (HPC), networking, storage and analysis. D-Wave will highlight quantum-HPC integration, impactful customer use cases, and emerging quantum-AI applications, underscoring the company's leadership in delivering energy-efficient quantum solutions that can drive measurable impact today. Against the backdrop of AI's escalating power consumption and the impact it is having on today's HPC centers, advanced hybrid quantum technologies are emerging as a potential energy-efficient accelerator for AI and HPC workflows. Reported Earnings • Nov 07
Third quarter 2025 earnings released: US$0.41 loss per share (vs US$0.11 loss in 3Q 2024) Third quarter 2025 results: US$0.41 loss per share (further deteriorated from US$0.11 loss in 3Q 2024). Revenue: US$3.74m (up 100% from 3Q 2024). Net loss: US$140.0m (loss widened US$117.3m from 3Q 2024). Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Italy. Annonce • Nov 04
D-Wave Advantage2 Quantum Computer Now Available for U.S. Government Applications At Davidson Technologies D-Wave Quantum Inc. and Davidson Technologies Inc. announced that D-Wave's Advantage2TM quantum computeris now operational at Davidson Technologies's headquarters in Huntsville, Alabama. The system is expected to address mission-critical U.S. government problems, particularly in national defense, and will eventually run sensitive applications. This launch marks a major milestone in a multi-year agreement and technology collaboration between D-Wave and Davidson to accelerate quantum computing adoption and deployment among U.S. government agencies. D-Wave and Davidson are already exploring quantum use cases in areas such as radar detection, resource deployment, military logistics optimization, materials science, AI and national security. Available for customer use now via D-Wave's LeapTM real-time quantum cloud service, the system housed at Davidson's headquarters is D-Wave's second U.S.-based annealing quantum computer and the first in Alabama. Leading industry voices and Alabama lawmakers affirmed their support for this pivotal moment, highlighting the state's expanding leadership in advanced technology and its growing role in driving innovation within national defense. Annonce • Oct 23
D-Wave Quantum Inc. to Report Q3, 2025 Results on Nov 06, 2025 D-Wave Quantum Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 06, 2025 Recent Insider Transactions • Oct 17
President recently sold €1.2m worth of stock On the 14th of October, Alan Baratz sold around 31k shares on-market at roughly €37.74 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.2m. This was Alan's only on-market trade for the last 12 months. Recent Insider Transactions • Sep 15
Chief Financial Officer recently sold €1.4m worth of stock On the 11th of September, John Markovich sold around 100k shares on-market at roughly €13.88 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.2m. This was John's only on-market trade for the last 12 months. Annonce • Sep 03
D-Wave Quantum Inc. Appoints Stan Black as Chief Information Security Officer D-Wave Quantum Inc. announced it is expanding its executive team with the appointment of security industry veteran Stan Black as chief information security officer (CISO). At D-Wave, Black will align the company’s security strategy with its corporate business goals, inform product development, and advance artificial intelligence and machine learning governance. Black is a cybersecurity veteran with more than 20 years of experience leading security and compliance strategies at leading public and private technology companies that serve both the public and private sector, including Dell/EMC/RSA/VMware, Citrix, Nuance Communications, and Delinea. A trusted voice in cybersecurity, Black regularly shares his perspectives as a speaker, media contributor, and advisor to industry leaders. Recent Insider Transactions • Aug 17
Executive VP recently sold €470k worth of stock On the 13th of August, Diane Nguyen sold around 30k shares on-market at roughly €15.52 per share. This transaction amounted to 8.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.8m. Insiders have been net sellers, collectively disposing of €6.2m more than they bought in the last 12 months. Reported Earnings • Aug 08
Second quarter 2025 earnings released: US$0.55 loss per share (vs US$0.10 loss in 2Q 2024) Second quarter 2025 results: US$0.55 loss per share (further deteriorated from US$0.10 loss in 2Q 2024). Revenue: US$3.10m (up 42% from 2Q 2024). Net loss: US$167.3m (loss widened US$149.6m from 2Q 2024). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Italy. Annonce • Aug 04
D-Wave Quantum Inc. Introduces New Developer Tools to Advance Quantum AI Exploration and Innovation D-Wave Quantum Inc. announced that it has released a collection of offerings to help developers explore and advance quantum artificial intelligence (AI) and machine learning (ML) innovation, including an open-source quantum AI toolkit and a demo. Available now for download, the quantum AI toolkit enables developers to seamlessly integrate quantum computers into modern ML architectures. The demo demonstrates how developers can leverage this toolkit to experiment with using D-Wave™? quantum processors to generate simple images, reflecting what D-Wave believes is a pivotal step in the development of quantum AI capabilities. By releasing this new set of tools, D-Wave aims to help organizations accelerate the use of annealing quantum computers in a growing set of AI applications. The quantum AI toolkit, part of D-Wave's Ocean™? software suite, provides direct integration between D-Wave's quantum computers and PyTorch, a production-grade ML framework widely used to build and train deep learning models. The toolkit includes a PyTorch neural network module for using a quantum computer to build and train ML models known as a restricted Boltzmann machine (RBM). Used to learn patterns and connections from complex data sets, RBMs are employed for generative AI tasks such as image recognition and drug discovery. Training RBMs with large datasets can be a computationally complex and time-consuming task that could be well-suited for a quantum computer. By integrating with PyTorch, D-Wave's new toolkit aims to make it easy for developers to experiment with quantum computing to address computational challenges in training AI models. Turning Quantum AI Potential into Real-World Value: D-Wave continues to advance its quantum AI product roadmap, delivering new solutions to customers while expanding development efforts. The company is working with a growing number of customers on exploratory quantum AI projects including: Japan Tobacco Inc.: D-Wave has completed a joint proof-of-concept project with the pharmaceutical division of Japan Tobacco Inc. (JT) that used D-Wave's quantum computing technology and AI in the drug discovery process. The quantum proof-of-concept outperformed classical methods for AI model training in drug discovery. Julich Supercomputing Centre at Forschungszentrum Julich: Researchers used D-Wave's quantum technology to develop a ML tool that predicts protein-DNA binding with greater accuracy than traditional methods using classical computers. The team integrated quantum computing with support vector machines to achieve improved results in various metrics, significantly enhancing classification performance. TRIUMF: Canada's particle accelerator center and its partner institutions recently published a paper in npj Quantum Information showing significant speedups using D-Wave's quantum computers over classical approaches for simulating high-energy particle-calorimeter interactions--pot potentially leading to major efficiencies where the AI model is used to create synthetic data. Organizations looking to explore the integration of quantum computing into AI workloads can apply to the Leap Quantum LaunchPad™? program. Kevin Chern, Senior Benchmarking Researcher at D-Wave, will showcase the toolkit and demo during his presentation titled "An Introduction to Quantum Annealers in Optimization and Machine Learning," at The AI Research Summit at Ai4 2025, on August 13, 2025 from 11:05 a.m. to 11:25 a.m. PT. Annonce • Jul 30
D-Wave Quantum Announces Strategic Development Initiative for Advanced Cryogenic Packaging D-Wave Quantum Inc. announced a new strategic development initiative focused on advanced cryogenic packaging. Designed to advance and scale both gate model and annealing quantum processor development, the initiative builds on D-Wave's technology leadership in superconducting cryogenic packaging and will expand the company's multichip packaging capabilities, equipment, and processes. By bolstering its manufacturing efforts with technology, D-Wave aims to accelerate its cross-platform technology development efforts while maintaining and expanding fundamental components of its supply chain. As part of this initiative, D-Wave is leveraging deep expertise and processes at the NASA Jet Propulsion Laboratory ("JPL"), a research and development lab federally funded by NASA and managed by Caltech. Harnessing JPL's superconducting bump-bond process, D-Wave has demonstrated end-to-end superconducting interconnect between chips, work that D-Wave expects will serve as an important foundation for scaling both D-Wave's annealing architectures and its fluxonium-based gate-model architectures. D-Wave believes that superconducting bump bonds will be key to the scalable control of fluxonium and to interconnectivity in multichip quantum processor architectures. D-Wave is also acquiring equipment and developing processes with a goal to increase circuit densities in its pioneering superconducting printed-circuit-board ("PCB") manufacturing, required for both scaling to larger processors and supporting analog-digital quantum computing technology. Packaging quantum processors involves unique and demanding requirements, including: compatibility with ultra-low temperature operation, extremely low magnetic fields, and fully superconducting interconnects with no interruptions in superconductivity all the way from on-chip circuitry through to external control wiring. D-Wave's differentiated solution encompasses cryogenic compatible mechanical and electromagnetic design, regularly achieves lower qubit temperatures than most in the industry, and supports coherence times that meet the requirements for error-corrected gate-model quantum computing technology. Annonce • Jul 24
D-Wave Quantum Inc. to Report Q2, 2025 Results on Aug 07, 2025 D-Wave Quantum Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 07, 2025 Annonce • Jul 02
D-Wave Quantum Inc. has completed a Follow-on Equity Offering in the amount of $400 million. D-Wave Quantum Inc. has completed a Follow-on Equity Offering in the amount of $400 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Recent Insider Transactions • Jun 19
Independent Director recently sold €1.6m worth of stock On the 12th of June, Roger Biscay sold around 107k shares on-market at roughly €14.56 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.8m. Insiders have been net sellers, collectively disposing of €5.7m more than they bought in the last 12 months. Annonce • Jun 11
D-Wave Quantum Inc. has filed a Follow-on Equity Offering in the amount of $400 million. D-Wave Quantum Inc. has filed a Follow-on Equity Offering in the amount of $400 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Board Change • May 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Sharon Holt was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • May 20
D-Wave Announces General Availability of Advantage2 Quantum Computer, Its Most Advanced and Performant System D-Wave Quantum Inc. announced the general availability of its Advantage2TM quantum computing system, a powerful and energy-efficient annealing quantum computer capable of solving nationally complex problems beyond the reach of classical computers. Featuring D-Wave's most advanced quantum processor to date, the Advantage2 system is commercial-grade, and built to address real-world use cases in areas such as optimization, materials simulation and artificial intelligence (AI). Customers can now access the Advantage2 system via D-Wave's LeapTM real-time quantum cloud service, which is available in more than 40 countries and offers 99.9% availability and uptime, sub-second response times and SOC 2 Type 2 compliance to meet enterprise needs and security requirements. For hyperscalers and supercomputing centers that want to integrate quantum computing into their infrastructure, the Advantage2 system is also available to purchase for on-premises ownership. Designed to tackle highly complex computational problems and facilitate quantum and hybrid-quantum applications for production deployment, the Advantage2 system's key benefits include: Increased qubit connectivity: The Advantage2 processor features the Zephyr™? topology with 20-way connectivity, which enables embedding of more complex problems. Higher energy scale and lower noise: The Advantage2 system offers a 40% increase in energy scale and a 75% reduction in noise, which contributes to higher-quality solutions for complex calculations. Greater coherence: A twofold increase in coherence allows the Advantage2 quantum processor to achieve faster time-to-s solution. Hybrid solver integration: Now integrated with the full Advantage2 system, the hybrid solvers in the Leap quantum cloud service--including the powerful nonlinear hybrid solver--support up to two million variables and constraints, allowing businesses to run large-scale, business-critical applications in production. Organizations regularly face the limitations of legacy computing solutions, leading to a growing demand for D-Wave's annealing quantum computing technology to tackle hard problems such as optimizing mobile networks, creating more efficient workforce scheduling, and streamlining automotive manufacturing processes. More than 20.6 million customer problems have been run on the Advantage2 prototypes available in the Leap cloud service since June 2022, with customer use up 134% in the last six months. An Advantage2 prototype was used by Japan Tobacco in a proof-of-concept project that utilized quantum computing and AI in the drug discovery process, and the Julich Supercomputing Center and Los Alamos National Laboratory have used the prototypes to advance their research. Beginning May 20, 2025, a full-scale generally available Advantage2 system is accessible in the Leap quantum cloud service for all D-Wave customers. In addition, D-Wave continues to expand its fleet of annealing quantum computers hosted around the world. The forthcoming Advantage2 system hosted on-premises at Davidson Technologies is intended to serve as a focal point for national security-focused quantum research. Also, the system currently located at the Julich Supercomputing Centre (JSC) at Forschungszentrum Julich (FZJ) will be upgraded to an Advantage2 system and is expected to connect with the JUPITER supercomputer, Europe's first and only exascale HPC, to facilitate breakthroughs in artificial intelligence and quantum optimization applications. Learn more and begin using the D-Wave Advantage2 quantum computer here here.