D-Wave Quantum Inc. (QBTS) 8-K Current Report: February 26, 2026
Filed: February 26, 2026
Information Technology
Services-Computer Processing & Data PreparationD-Wave Quantum Inc. (QBTS) 8-K current report filed with SEC EDGAR on February 26, 2026. This page provides AI-powered analysis of reported events and material disclosures, including results of operations, corporate governance changes, agreements, and other triggering events as disclosed under Form 8-K item codes.
Reported 8-K Items2 items
- Item 2.02: Results of Operations and Financial Condition
- Item 7.01: Regulation FD Disclosure
D-Wave Quantum Inc. 8-K Feb 26, 2026 Event Analysis
Item 2.02 · Results of Operations and Financial Condition
- • FY2025 revenue $24.6M, up 179% YoY from $8.8M in FY2024 — accelerating top-line growth for a quantum computing pure-play
- • Cash + marketable securities hit record $884.5M at year-end, up 397% from $178.0M in FY2024
- • Q4 cash grew 6% sequentially from $836.2M — strong liquidity runway for continued R&D and commercialization
- • Full results and business/technical update in Exhibits 99.1 and 99.2 filed Feb 26, 2026
Item 7.01 · Regulation FD Disclosure
- • $20M system purchase by Florida Atlantic University (deployment by end of 2026) + $10M two-year QCaaS deal with Fortune 100 company
- • Acquisition of Quantum Circuits, Inc. completed — gate fidelities >99.9%, erasure detection catches 90% of errors, logical qubits requiring ~10x fewer physical qubits vs. competing architectures
- • New U.S. government business unit formed; collaboration with Davidson Technologies and Anduril on air/missile defense — proof-of-concept showed 10x faster time-to-solution, 9–12% better threat mitigation
- • Advantage2™ quantum supremacy claim on real-world problem unchallenged ~2 years since March 2024 publication — key competitive differentiation narrative
- • Full Q4 and FY2025 financial results in Exhibit 99.1 — investors should review for revenue, margins, and guidance
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