Tillkännagivande • 12h
D-Wave Quantum Inc. Announces Board and Committee Changes, Effective June 4, 2026 D-Wave Quantum Inc. announced on June 4, 2026, the Board elected Sharon Holt to replace Steven M. West as Chair of the Board, designated Rohit Ghai to replace John D. DiLullo as chair of the Board’s Compensation Committee, appointed Steven M. West to replace John D. DiLullo as a member of the Compensation Committee, appointed John D. DiLullo to replace Sharon Holt as a member of the Board’s Cybersecurity Committee, and appointed Steven M. West to replace Rohit Ghai as a member of the Board’s Nominating and Governance Committee, all effective June 4, 2026 after the Annual Meeting. Recent Insider Transactions • Jun 07
Executive VP & CFO recently sold Mex$1.6m worth of stock On the 2nd of June, John Markovich sold around 3k shares on-market at roughly Mex$536 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth Mex$3.4m. John has been a net seller over the last 12 months, reducing personal holdings by Mex$93m. Tillkännagivande • Jun 02
D-Wave Quantum Announces New Gate-Model Roadmap Targeting 100 Logical Qubits Capable of Performing over One Million Operations by 2032 D-Wave Quantum announced a new gate-model roadmap designed to accelerate the development of commercial, fault-tolerant quantum computing. Targeting 100 logical qubits capable of successfully performing over one million operations by 2032, the roadmap combines D-Wave’s expertise in high-coherence dual-rail qubits and quantum error correction, with its proven ability to engineer, scale and commercialize superconducting quantum systems. D-Wave believes the future of commercial gate-model quantum computing will be defined not by raw physical qubit counts alone, but by the ability to reliably execute large-scale computations for real-world applications. While much of the industry focuses on scaling physical qubits, D-Wave is pursuing a differentiated approach centered on reducing errors at the hardware level. Its dual-rail qubit architecture embeds error detection directly into the qubits, making errors detectable during computation at the single-qubit level. In contrast to many other gate-model hardware modalities that cannot detect qubit errors, D-Wave’s dual-rail qubits are designed to identify approximately 90% of errors as they occur to dramatically lower the number of physical qubits required to perform error correction. D-Wave has also demonstrated, with error detection, 99.9% two-qubit fidelities, meaning physical errors occur only about once in every 1,000 operations. The roadmap outlines a progression of technical milestones designed to improve qubit fidelity, advance large-scale computations and support the development of commercially useful quantum applications. Key roadmap milestones include: Delivery of a 17-physical-qubit system that supports logical error rates 2 times lower than physical error rates in 2026; Completion of a 49-physical-qubit system that can deliver an expected 20-fold error reduction factor over the physical error rate in 2027; Completion of a 181-physical-qubit system that can deliver an expected 2,000-fold error reduction factor over the physical error rate, representing the scalable blueprint for fault-tolerant architectures in 2028; Completion of a 10-logical-qubit system that can support the first fault tolerant algorithms in 2030; Completion of a 100-logical-qubit system capable of successfully performing more than one million operations that can support initial quantum chemistry and quantum AI applications in 2032. D-Wave’s roadmap is built on superconducting technology, which can run quantum error correction cycles 100 to 1000 times faster than neutral atom or trapped ion systems. The Company views Lambda as a key metric that should be used to measure progress toward fault-tolerant quantum computing. Lambda is a measure of how rapidly a quantum computer’s errors are reduced as more error-correction capability is added. The broader quantum computing industry has demonstrated Lambda values around 2, meaning each increment in error correction reduces errors by about half. D-Wave’s roadmap is targeting a Lambda of 10, a major leap the Company expects will reduce errors far more quickly, by a factor of 10 for each increment in error correction, making it possible to achieve fault-tolerant quantum computing with significantly fewer physical qubits. Combined with D-Wave’s proprietary on-chip cryogenic control technology, proven superconducting systems expertise and production-ready quantum cloud infrastructure, the Company believes its dual-rail gate-model roadmap presents a fast, efficient, and achievable path to commercial gate-model quantum computing. With more than 15 years of experience designing and building superconducting quantum computing systems, D-Wave has successfully delivered six generations of annealing quantum computers, culminating in its award winning Advantage2 system. As the only provider of annealing and gate-model technologies, D-Wave is uniquely positioned to participate in the full addressable quantum computing market. Tillkännagivande • May 27
D-Wave Receives Year 2 Microelectronics Commons Project Funding to Advance Superconducting Quantum Innovation by the U.S. Department of War D-Wave Quantum Inc. announced that it has been awarded second year funding for the Improved Materials for Superconducting Qubits with Scalable Fabrication (SQFab) project by the Northeast Regional Defense Technology Hub (NORDTECH). Awarded to D-Wave subsidiary Quantum Circuits, LLC, the SQFab project is one of four innovative programs selected by the U.S. Department of War (DOW) through NORDTECH, a regional consortium of non-pro?t accessible semiconductor R&D facilities, government labs, defense companies, academic institutions, and technology manufacturing organizations in and around New York State. NORDTECH is one of eight hubs composing the U.S. Microelectronics Commons (MEC) program, which is a DOW initiative executed through the Naval Surface Warfare Center Crane Division and managed by the National Security Technology Accelerator (NSTXL). The four programs are collectively receiving more than $25 million in second year funding after achieving key ?rst-year benchmarks by demonstrating signi?cant results in the design, fabrication, and characterization of key quantum computing components. D-Wave’s project aims to improve materials for superconducting qubits with scalable fabrication methods, supporting the development and advancement of next-generation microelectronics capabilities from research to manufacturing. The Microelectronics Commons seeks to accelerate domestic microelectronics prototyping, strengthen semiconductor supply chains, and expand U.S. leadership in critical technologies. By bringing together industry, academia, and government partners, the program helps to bridge the gap between early-stage innovation and domestic manufacturing. The initiative plays a critical role in addressing supply chain vulnerabilities while fostering a robust semiconductor workforce and innovation pipeline. The SQFab mission is to co-develop technologies necessary to demonstrate scalable quantum error correction, using new materials, innovative quantum circuits and qubit control schemes. Tillkännagivande • 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 17% growth forecast for the Global Software industry. Tillkännagivande • Apr 26
D-Wave Quantum Inc., Annual General Meeting, Jun 04, 2026 D-Wave Quantum Inc., Annual General Meeting, Jun 04, 2026. Tillkännagivande • 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 • Mar 01
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 41% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Global Software industry. Recent Insider Transactions • Feb 20
Executive VP recently sold Mex$492k worth of stock On the 13th of February, Diane Nguyen sold around 1k shares on-market at roughly Mex$339 per share. This transaction amounted to less than 1% 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 Mex$18m. Insiders have been net sellers, collectively disposing of Mex$411m more than they bought in the last 12 months. Tillkännagivande • 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 Tillkännagivande • 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. Tillkännagivande • 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 Mex$18m worth of stock On the 14th of January, Alan Baratz sold around 35k shares on-market at roughly Mex$500 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 Mex$71m. Alan has been a net seller over the last 12 months, reducing personal holdings by Mex$114m. Recent Insider Transactions • Dec 18
Chief Financial Officer recently sold Mex$5.0m worth of stock On the 15th of December, John Markovich sold around 12k shares on-market at roughly Mex$430 per share. This transaction amounted to 1.2% 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 Mex$71m. John has been a net seller over the last 12 months, reducing personal holdings by Mex$83m. Recent Insider Transactions • Dec 11
Independent Director recently sold Mex$2.9m worth of stock On the 3rd of December, Kirstjen Nielsen sold around 7k shares on-market at roughly Mex$413 per share. This transaction amounted to 6.6% 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 Mex$71m. Insiders have been net sellers, collectively disposing of Mex$380m more than they bought in the last 12 months. Recent Insider Transactions • Dec 08
Independent Director recently sold Mex$2.9m worth of stock On the 3rd of December, Kirstjen Nielsen sold around 7k shares on-market at roughly Mex$413 per share. This transaction amounted to 6.6% 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 Mex$71m. Insiders have been net sellers, collectively disposing of Mex$380m more than they bought in the last 12 months. Recent Insider Transactions • Nov 17
President recently sold Mex$71m worth of stock On the 13th of November, Alan Baratz sold around 168k shares on-market at roughly Mex$423 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 Mex$97m. Tillkännagivande • 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 06
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 15% growth forecast for the Global Software industry.