---
schema_version: "secwatch.filing_event.v1"
accession: "0001907982-24-000046"
form_type: "8-K"
ticker: "QBTS"
cik: "0001907982"
company_name: "D-Wave Quantum Inc."
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:41:09.582143+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# D-Wave Q4 revenue $2.9M (+21% YoY); FY bookings $11.5M (+89%); guides FY24 Adj. EBITDA loss below FY23

## Summary
- Q4 revenue $2.9M, up 21% YoY; Q4 bookings $3.1M, up 34% YoY (7th consecutive quarterly growth).
- Full-year 2023 revenue $8.8M (+22%); GAAP gross margin Q4 67.7% (up from 56.9%), Non-GAAP 80.2%.
- Net loss Q4 $16.0M ($0.10/sh) improved from $18.2M; full-year net loss $82.7M ($0.60) vs $53.7M ($0.45).
- Cash balance $41.3M at Dec 31, 2023 (up from $7.1M); $82.1M remaining under ELOC.
- Guidance: Q1 2024 bookings at least $4.3M; FY24 Adjusted EBITDA loss less than FY23's $54.3M.

## SEC filing metadata
- accession: 0001907982-24-000046
- form_type: 8-K
- ticker: QBTS
- cik: 0001907982
- company_name: D-Wave Quantum Inc.
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1907982/000190798224000046/0001907982-24-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1907982/000190798224000046/qbts-20240328.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001907982-24-000046
- JSON: https://secwatch.observer/filing/0001907982-24-000046.json
- Plain text: https://secwatch.observer/filing/0001907982-24-000046.txt

## Key facts
- Earnings Releases
  D-Wave Quantum Inc. reported financial results for fourth quarter and full year ended December 31, 2023.
  - Period: fourth quarter and full year ended December 31, 2023
  - Result: reported results
  source text: On March 28, 2024, D-Wave Quantum Inc. issued a press release announcing its financial results for the fiscal fourth quarter and full year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1907982/000190798224000046/0001907982-24-000046-index.htm

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