D-Wave Quantum Inc. 8K

D-Wave Quantum Inc. announced first quarter 2026 results featuring record bookings, completion of the Quantum Circuits acquisition, and a strengthened balance sheet, offset by lower revenue and higher losses year over year.

On May 12, 2026, D-Wave Quantum Inc. reported its financial and operating results for the quarter ended March 31, 2026, highlighting record quarterly bookings of $33.4 million driven by a $20 million Advantage2 system sale to Florida Atlantic University and a $10 million two-year QCaaS agreement with a Fortune 100 company, the completed acquisition of Quantum Circuits, Inc. to accelerate development of scalable, error-corrected gate-model quantum systems with a published long-term qubit roadmap, and strong growth in remaining performance obligations and cash and marketable securities of $588.4 million, alongside lower recognized revenue of $2.9 million, higher operating expenses related in part to the acquisition, and a wider net loss and Adjusted EBITDA loss versus the prior-year quarter.

Filing Facts

CIK

1907982

Ticker

-

Form

8K

Source Type

sec

Accession

0001907982-26-000057

Alert Tier

7