{"schema_version":"secwatch.filing_event.v1","accession":"0001907982-26-000057","form_type":"8-K","ticker":"QBTS","cik":"0001907982","company_name":"D-Wave Quantum Inc.","filed_at":"2026-05-12T11:01:54+00:00","discovered_at":"2026-05-12T11:05:00.252128+00:00","generated_at":"2026-05-12T11:07:34.975527+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"D-Wave Q1 2026: Record bookings $33.4M (+1,994% YoY); revenue $2.9M; net loss $0.05/share","bullets":["Record quarterly bookings of $33.4M, up 1,994% YoY from $1.6M; includes $20M system sale to FAU and $10M Fortune 100 QCaaS deal.","Revenue $2.9M, down 81% YoY due to prior year including $12.6M system sale; GAAP net loss $18.4M ($0.05 per share) vs $5.4M loss.","Remaining performance obligations $42.4M, up 563% YoY; cash position $588M, up 93% YoY.","Acquired Quantum Circuits in Jan 2026; roadmap targets 175-physical-qubit dual-rail system by end 2028 and 100 logical qubits by 2032.","Non-GAAP adjusted operating expenses $34.8M, up 73% YoY; adjusted EBITDA loss $32.8M vs $6.1M."],"urls":{"canonical":"https://secwatch.observer/filing/0001907982-26-000057","json":"https://secwatch.observer/filing/0001907982-26-000057.json","markdown":"https://secwatch.observer/filing/0001907982-26-000057.md","text":"https://secwatch.observer/filing/0001907982-26-000057.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1907982/000190798226000057/0001907982-26-000057-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1907982/000190798226000057/qbts-20260512.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-12T11:07:34.975527+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":"c8c1a537468ee80dd410c26a135ad076b1c2a04b","claim":"D-Wave Quantum Inc. reported financial results for first quarter ended March 31, 2026.","evidence_excerpt":"On May 12, 2026 , D-Wave Quantum Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2026","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1907982/000190798226000057/0001907982-26-000057-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2026"},{"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"}