---
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"
generated_at: "2026-05-12T11:07:34.975527+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# D-Wave Q1 2026: Record bookings $33.4M (+1,994% YoY); revenue $2.9M; net loss $0.05/share

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001907982-26-000057
- JSON: https://secwatch.observer/filing/0001907982-26-000057.json
- Plain text: https://secwatch.observer/filing/0001907982-26-000057.txt

## Key facts
- Earnings Releases
  D-Wave Quantum Inc. reported financial results for first quarter ended March 31, 2026.
  - Period: first quarter ended March 31, 2026
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1907982/000190798226000057/0001907982-26-000057-index.htm

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