{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-035499","form_type":"8-K","ticker":"QBTS","cik":"0001907982","company_name":"D-Wave Quantum Inc.","filed_at":"2023-07-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.053334+00:00","generated_at":"2026-06-13T05:11:00.646173+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"D-Wave preliminary Q2 rev $1.65-1.8M (miss consensus); bookings +146% YoY; FY rev guide $11-13M, adj EBITDA worse","bullets":["Preliminary Q2 revenue range $1.65-1.8M vs FactSet consensus $2.28M; shortfall due to timing of professional services revenue recognition.","Q2 bookings $2.5M, up 146% YoY; first-half bookings $5.4M, up 209% YoY; fifth consecutive quarter of YoY growth.","Average deal size increased 136% in Q2 and 252% in first half YoY.","Closed second $15M tranche of $50M term loan with PSP Investments affiliate; total advances to $30M; loan amended to remove mandatory prepayment on ELOC draws up to $50M.","FY2023 revenue guidance narrowed to $11-13M; Adjusted EBITDA guidance worsened to less than -$58M."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-035499","json":"https://secwatch.observer/filing/0001140361-23-035499.json","markdown":"https://secwatch.observer/filing/0001140361-23-035499.md","text":"https://secwatch.observer/filing/0001140361-23-035499.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1907982/000114036123035499/0001140361-23-035499-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1907982/000114036123035499/brhc20056152_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T05:11:00.646173+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"14b17cc6922e62c3b0888dd919d97c821d482675","claim":"D-Wave Quantum Inc. reported fiscal second quarter ended June 30, 2023 results: revenue $1,650,000 to $1,800,000.","evidence_excerpt":"Preliminary fiscal second quarter revenue is expected to be in a range of $1,650,000 to $1,800,000 compared with the FactSet analyst consensus estimate of $2,281,000 with the shortfall due primarily to the timing of revenue recognition on certain professional services contracts.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1907982/000114036123035499/0001140361-23-035499-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal second quarter ended June 30, 2023"},{"label":"Revenue","value":"$1,650,000 to $1,800,000"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"378b1100c25faf972b7f7715cd09dc39d9621349","claim":"D-Wave Quantum Inc. reported full year 2023 results: revenue a range of $11 million to $13 million.","evidence_excerpt":"We expect the fiscal 2023 revenue to be in a range of $11 million to $13 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1907982/000114036123035499/0001140361-23-035499-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Revenue","value":"a range of $11 million to $13 million"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}