---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-281937"
form_type: "8-K"
ticker: "QBTS"
cik: "0001907982"
company_name: "D-Wave Quantum Inc."
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-22T00:08:59.924480+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# D-Wave Q3 revenue $1.7M (+30% YoY); net loss $13.1M, adjusted EBITDA -$12.4M

## Summary
- Revenue of $1.7M in Q3 2022, up 30% from $1.3M in Q3 2021.
- Net loss of $13.1M ($0.11 per share) vs $4.2M ($0.03 per share) in Q3 2021.
- Adjusted EBITDA negative $12.4M, up 36% from negative $9.2M in prior year.
- Commercial customers grew 34% YoY to 63 in first nine months of 2022.
- Operating expenses rose 52% to $16.4M, driven by investment in growth.

## SEC filing metadata
- accession: 0001193125-22-281937
- form_type: 8-K
- ticker: QBTS
- cik: 0001907982
- company_name: D-Wave Quantum Inc.
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1907982/000119312522281937/0001193125-22-281937-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1907982/000119312522281937/d365930d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-281937
- JSON: https://secwatch.observer/filing/0001193125-22-281937.json
- Plain text: https://secwatch.observer/filing/0001193125-22-281937.txt

## Key facts
- Earnings Releases
  D-Wave Quantum Inc. reported third quarter ended September 30, 2022 results: revenue $1.7 million, net income $13.1 million, or $0.11 per share.
  - Period: third quarter ended September 30, 2022
  - Revenue: $1.7 million
  - Net income: $13.1 million, or $0.11 per share
  - Result: reported results
  source text: Revenue for the third quarter of fiscal 2022 was $1.7 million, an increase of $388,000, or 30%, from $1.3 million in the third quarter of fiscal 2021 and an increase of $324,000, or 24%, from the immediately prior fiscal 2022 second quarter revenue of $1.4 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1907982/000119312522281937/0001193125-22-281937-index.htm

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