{"schema_version":"secwatch.filing_event.v1","accession":"0001907982-24-000059","form_type":"8-K","ticker":"QBTS","cik":"0001907982","company_name":"D-Wave Quantum Inc.","filed_at":"2024-05-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.180594+00:00","generated_at":"2026-06-02T02:49:27.383867+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"D-Wave Q1 revenue $2.5M (+56% YoY), bookings $4.5M (+54%); net loss narrows to $17.3M","bullets":["Revenue $2.5M vs $1.6M YoY; bookings $4.5M, eighth consecutive YoY quarterly growth.","GAAP gross margin 67.3% vs 26.6% YoY; non-GAAP gross margin 76.6%.","Net loss $17.3M ($0.11/share) vs $24.4M ($0.20) YoY; Adjusted EBITDA loss $12.9M.","Cash $27.3M at quarter end, $33M as of May 10; $82.1M available under ELOC.","Renewed multiyear partnership with USC to host Advantage quantum system at USC Viterbi."],"urls":{"canonical":"https://secwatch.observer/filing/0001907982-24-000059","json":"https://secwatch.observer/filing/0001907982-24-000059.json","markdown":"https://secwatch.observer/filing/0001907982-24-000059.md","text":"https://secwatch.observer/filing/0001907982-24-000059.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1907982/000190798224000059/0001907982-24-000059-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1907982/000190798224000059/qbts-20240513.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T02:49:27.383867+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":"640abd736ee83307400ae717ac8620a1c8b2c327","claim":"D-Wave Quantum Inc. reported the fiscal first quarter ended March 31, 2024 results: revenue $2.5 million, net income Net loss for the first quarter of fiscal 2024 was $17.3 million, or $0.11 per share, EPS $0.11 per share.","evidence_excerpt":"with the Introduction of Fast Anneal, doc #lcUS52073224, April 2024 First Quarter Fiscal 2024 Financial Highlights • Revenue : Revenue for the first quarter of fiscal 2024 was $2.5 million, an increase of $0.9 million, or 56%, from the fiscal 2023 first quarter revenue of $1.6 million. • Bookings 1 : Bookings for the first quarter of fiscal 2024 were $4.5 million,","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1907982/000190798224000059/0001907982-24-000059-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal first quarter ended March 31, 2024"},{"label":"Revenue","value":"$2.5 million"},{"label":"Net income","value":"Net loss for the first quarter of fiscal 2024 was $17.3 million, or $0.11 per share"},{"label":"EPS","value":"$0.11 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}