Highest-materiality recent filing
D-Wave announces gate-model quantum simulator for error-aware programming; access in Sep 2026
Simulator is first of its kind for error-aware programming, built on dual-rail technology.
D-Wave unveils gate-model roadmap targeting 100 logical qubits by 2032
Roadmap milestones: 17-physical-qubit system in 2026, 49 in 2027, 181 in 2028; 10-logical-qubit by 2030, 100-logical by 2032.
D-Wave says quantum supremacy result stands; Flatiron work does not reproduce hardest cases
Company states recent classical simulation work from Flatiron Institute does not overturn its peer-reviewed Science result.
D-Wave signs LOI for $100M CHIPS Act funding; to issue stock to Commerce Dept.
LOI with U.S. Dept. of Commerce for $100M in proposed CHIPS and Science Act funding.
D-Wave Q1 2026: Record bookings $33.4M (+1,994% YoY); revenue $2.9M; net loss $0.05/share
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.
D-Wave FY2025 revenue $24.6M (+179% YoY); cash $884.5M; Q1 2026 bookings >$32.8M
FY2025 revenue $24.6M, up 179% from $8.8M; GAAP gross margin 82.6% vs 63.0%.
D-Wave $20M Advantage2 sale to FAU; defense solver 10x faster; usage up 314%
Signed $20M agreement with Florida Atlantic University to install an Advantage2 quantum computer in 2026.
D-Wave signs $10M, 2-year QCaaS deal with Fortune 100 company
$10 million, two-year enterprise QCaaS agreement with a leading Fortune 100 company.
D-Wave completes acquisition of Quantum Circuits for $250M cash and 10.4M shares
Consideration includes $250M cash and 10,430,444 shares of D-Wave common stock.
D-Wave acquires Quantum Circuits for $550M ($300M stock + $250M cash)
D-Wave to acquire Quantum Circuits for $550M ($300M stock, $250M cash).
First industry milestone: on-chip cryogenic control reduces wiring for qubit control without degrading fidelity, enabling scalable gate-model QPUs.
D-Wave forms U.S. government business unit led by Jack Sears Jr.
Jack Sears Jr. named VP of U.S. government solutions; 25+ years defense and federal contracting experience.
D-Wave completes warrant redemption; raises ~$54.6M from exercises
4,746,358 warrants exercised for ~6.9M shares of common stock, yielding $54.6M in cash proceeds.
D-Wave Q3 revenue up 100% YoY to $3.7M; €10M Italy booking for Advantage2
Q3 revenue $3.7M (+100% YoY); GAAP gross profit $2.7M (+156%); gross margin improved to 71.4%.
Scheduling time reduced from 10 hours (classical solver) to 5 seconds using hybrid-quantum application.
D-Wave's Advantage2 quantum computer operational at Davidson Technologies for US government missions
Advantage2 system now live at Davidson's Huntsville, Alabama headquarters for national defense applications.
D-Wave secures €10M Advantage2 quantum computer contract and Q-Alliance deal in Italy
€10M contract for a D-Wave Advantage2 annealing quantum computer in Lombardy, Italy; 50% capacity for 5 years with purchase option.
D-Wave signs €10M agreement with Swiss Quantum Tech to deploy Advantage2 quantum computer in Europe
Agreement represents a €10M QCaaS commitment from SQT over approximately five years, with an option to purchase the system.
Hybrid-quantum application reduced police vehicle coordination time from 4 months to 4 minutes.
D-Wave Q2 revenue +42% YoY to $3.1M; net loss surges to $167.3M on warrant remeasurement
Revenue $3.1M (+42% YoY); bookings $1.3M (+92% YoY).
D-Wave completes $400M ATM equity offering at avg $15.18, cash now $815M
ATM program raised $400M gross; shares sold June 11-27 at average price $15.18.
D-Wave Quantum enters $400M ATM equity offering with 8 agents
On June 10, 2025, D-Wave entered a Sales Agreement to sell up to $400M of common stock through 8 agents.
D-Wave Quantum receives ~$95.8M total from warrant exercises in late May/early June
Received $15.3M from exercise of ~1.33M warrants at $11.50/warrant from May 30 to June 3, 2025.
D-Wave Quantum receives $80.5M from exercise of 7M warrants at $11.50/share
Proceeds of approximately $80.5 million from the exercise of 7.0 million warrants on May 29, 2025.
D-Wave launches Advantage2 quantum computer, 6th-gen 4,400+ qubit system available now
Advantage2 system is commercial-grade annealing quantum computer with 4,400+ qubits; available via Leap cloud service or on-premises.
D-Wave Q1 revenue $15M (+509% YoY); record gross profit; net loss narrows to $5.4M
Revenue $15.0M vs $2.5M YoY; GAAP gross profit $13.9M (92.5% margin), both record highs.
On and effective November 22, 2024, the Board of Directors (the “ Board ”) of D-Wave Quantum Inc. (the “ Company ”) appointed Sharon Holt as a Class I director to hold office until her successor is duly elected or until the expiry of Class I directors’ term at the Company’s 2026 annual meeting of the stockholders.
on and effective October 28, 2024, the Board appointed John DiLullo and Rohit Ghai as directors to hold office for the remainder of Ms. Cappellanti-Wolf’s and Mr. Michael’s terms
On October 25, 2024, Amy Cappellanti-Wolf and Emil Michael provided D-Wave Quantum Inc. (the “Company”) with final notice of resignation as directors of the Board of Directors of the Company (the “Board”), effective as of October 28, 2024.
on and effective October 28, 2024, the Board appointed John DiLullo and Rohit Ghai as directors to hold office for the remainder of Ms. Cappellanti-Wolf’s and Mr. Michael’s terms
On October 25, 2024, Amy Cappellanti-Wolf and Emil Michael provided D-Wave Quantum Inc. (the “Company”) with final notice of resignation as directors of the Board of Directors of the Company (the “Board”), effective as of October 28, 2024.
On July 18, 2024, Philip Adam Smalley III provided D-Wave Quantum Inc. (the "Company") with a notice of resignation as a director on the Company's Board of Directors, effective as of July 18, 2024.
On January 10, 2024, the Board of Directors (the “Board”) of D-Wave Quantum Inc. (the “Company”) appointed Former Department of Homeland Security Secretary Kirstjen Nielsen as an independent director, to hold office until the 2025 Annual Meeting of Stockholders or until her successor is duly elected and qualified, effective as of January 10, 2024.
On September 4, 2023, Michael Rogers provided his resignation letter to the board of directors of D-Wave Quantum Inc. (the “Company”) resigning as a director of the Company, effective September 4, 2023.
On April 13, 2023, the Board appointed Philip Adam Smalley III to serve as a Class II director, effective immediately.
on April 4, 2023, the Board appointed Ziv Ehrenfeld to serve as a director for the remainder of the full term of Mr. van Gelderen, effective immediately.
On April 4, 2023, Eduard van Gelderen provided D-Wave Quantum Inc. (the "Company") with a written notice of resignation as a director on the Company's Board of Directors (the "Board"), effective as of April 4, 2023.
Max materiality 0.90 · Median 0.60 · Most common event other_material