{"schema_version":"secwatch.filing_event.v1","accession":"0001907982-25-000088","form_type":"8-K","ticker":"QBTS","cik":"0001907982","company_name":"D-Wave Quantum Inc.","filed_at":"2025-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.448993+00:00","generated_at":"2026-05-22T05:40:43.478736+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"D-Wave Q1 revenue $15M (+509% YoY); record gross profit; net loss narrows to $5.4M","bullets":["Revenue $15.0M vs $2.5M YoY; GAAP gross profit $13.9M (92.5% margin), both record highs.","Net loss $5.4M ($0.02/sh) improved from $17.3M ($0.11/sh) YoY; Adjusted EBITDA loss $6.1M.","Bookings $1.6M, down 64% from $4.5M YoY; quarter-end cash $304.3M.","First Advantage system sale to Jülich Supercomputing Centre; Ford Otosan production deployment; quantum supremacy published in Science.","Customer count 133 (69 commercial, 25 Forbes Global 2000); hybrid quantum solver enhancements added."],"urls":{"canonical":"https://secwatch.observer/filing/0001907982-25-000088","json":"https://secwatch.observer/filing/0001907982-25-000088.json","markdown":"https://secwatch.observer/filing/0001907982-25-000088.md","text":"https://secwatch.observer/filing/0001907982-25-000088.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1907982/000190798225000088/0001907982-25-000088-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1907982/000190798225000088/qbts-20250508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T05:40:43.478736+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}