secwatch.observer — SEC 8-K summary
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Issuer:     D-Wave Quantum Inc. (QBTS)
CIK:        0001907982
Form:       8-K
Filed at:   2026-08-06T11:02:01+00:00
Accession:  0001907982-26-000127
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

D-Wave Q2 revenue flat at $3.1M; H1 bookings surge 1,120% to $35.5M
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- Q2 revenue $3.1M flat YoY; net loss $48.0M ($0.13/sh) vs $167.3M ($0.55) prior year.
- H1 bookings $35.5M, up 1,120% YoY; includes $20M system sale; RPO $40.7M, up 668% YoY.
- GAAP gross margin 55.4% vs 63.8% YoY; Non-GAAP gross margin 64.9% vs 71.8%.
- Adjusted EBITDA loss $37.1M in Q2 vs $20.0M prior year, reflecting increased R&D and go-to-market investment.
- Named Leader in IDC MarketScape; new customer wins include AT&T, Nasdaq Verafin, Unisys; NSF grant $1.57M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1907982/000190798226000127/0001907982-26-000127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1907982/000190798226000127/qbts-20260806.htm
  HTML page:      https://secwatch.observer/filing/0001907982-26-000127

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer