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Form 8-K · Current Report · Filed 2026-05-12

D-Wave Reports Strong Q1 2026 Financial Results and Business Highlights

D-Wave Quantum Inc. reported its first quarter 2026 financial results, showing a significant increase in bookings to $33.4 million, a 1,994% year-over-year increase. The company also announced the acquisition of Quantum Circuits, a leading developer of error-corrected superconducting gate-model quantum computing systems. D-Wave's cash position increased to $588 million, a 93% year-over-year increase. The company highlighted several business achievements, including a $20 million agreement with Florida Atlantic University for an annealing quantum computer and the development of a quantum-classical blockchain Testnet with Postquant Labs.

Filer
D-Wave Quantum Inc. QBTS · NYSE
Filed
Accession
0001907982-26-000057
CIK
0001907982
Signal
Medium impactTechnology

Items reported

Item events

Reported Item

Earnings Beat Acquired Business Financial Statements Strategic Partnership Corporate Update

Market reaction

Close before filing

$24.03

Next session

-10.8%

Since filing

-24.8%

Latest close

$18.08

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from QBTS reporting the same item, with the next session's move:

Insider tape

Within 45 days of this filing, QBTS insiders reported 33 Form 4 transactions — net selling of $38.1M.

Full QBTS insider history →

About D-Wave Quantum Inc.

D-Wave Quantum Inc. is a leading developer and provider of quantum computing systems, software, and services with a unique focus on addressing real-world complex computational challenges. As a pioneer in the commercial quantum computing space, the company is dedicated to advancing both hardware and software solutions to fuel new possibilities in data processing and optimization. D-Wave’s quantum systems are utilized across various industries, including manufacturing, logistics, pharmaceuticals, and financial services, fostering advancements in machine learning, modeling, and optimization problems. Notably, the company’s platform integrates with conventional computing systems, providing hybrid quantum solutions that enhance processing efficiency. D-Wave Quantum Inc.’s contributions are pivotal in steering the technological curve towards quantum advantage, allowing businesses and researchers to explore new horizons in computational capabilities. By offering quantum cloud services, the company lowers the barrier for organizations to access and benefit from cutting-edge quantum technology. Headquartered in Burnaby, Canada, D-Wave continues to be a significant player in the tech industry, aggressively pushing the boundaries of quantum computing and establishing itself as a key influencer in the evolution of computing paradigms.

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