---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-038907"
form_type: "8-K"
ticker: "QBTS"
cik: "0001907982"
company_name: "D-Wave Quantum Inc."
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T19:34:53.856492+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# D-Wave Q2 revenue up 25% to $1.7M; net loss widens to $25.9M

## Summary
- Revenue $1.7m (+25% YoY); bookings $2.5m (+146% YoY).
- Net loss $25.9m ($0.20/shr) vs $13.3m ($0.11/shr) year ago; cash >$50m.
- GAAP gross margin 41.3% vs 54.8% YoY; non-GAAP gross margin 58.1%.
- New customer engagements with Interpublic Group, VINCI Energies, Unisys.
- Advantage2 quantum system on track with 1,200-qubit prototype.

## SEC filing metadata
- accession: 0001140361-23-038907
- form_type: 8-K
- ticker: QBTS
- cik: 0001907982
- company_name: D-Wave Quantum Inc.
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1907982/000114036123038907/0001140361-23-038907-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1907982/000114036123038907/brhc20057248_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-038907
- JSON: https://secwatch.observer/filing/0001140361-23-038907.json
- Plain text: https://secwatch.observer/filing/0001140361-23-038907.txt

## Key facts
- Earnings Releases
  D-Wave Quantum Inc. reported second quarter ended June 30, 2023 results: revenue $1.8 million.
  - Period: second quarter ended June 30, 2023
  - Revenue: $1.8 million
  - Result: reported results
  source text: D-Wave Reports Second Quarter Results Revenue of $1.8 million Total Bookings of $2.5 million Cash Balance in excess of $50 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1907982/000114036123038907/0001140361-23-038907-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.