{"url_path":"/sec/qbts/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-12","source_url":"https://www.sec.gov/Archives/edgar/data/1907982/0001907982-26-000059-index.html","accession_number":"0001907982-26-000059","cik":"0001907982","ticker":"QBTS","issuer_name":"D-Wave Quantum Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1907982/0001907982-26-000059-index.html","primary_entity_key":"0001907982","primary_entity_name":"D-Wave Quantum Inc."},"word_count":474,"has_tables":true,"body_markdown":"qbts-20260331\n0001907982December 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\n[Table of Contents](#i5a01c3f5c81749bfa76daac3ad38e2d2_13)\n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\n________________________\n\nFORM 10-Q\n\n________________________\n\n(Mark One)\n\nxQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the quarterly period ended March 31, 2026\n\nOR\n\noTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from ___________ and ____________\n\nCommission file number 001-41468\n\n________________________\n\nD-WAVE QUANTUM INC.\n\n(Exact name of registrant as specified in its charter)\n\n________________________\n\nDelaware\n88-1068854\n\n(State or other jurisdiction of\n\nincorporation or organization)\n\n(I.R.S. Employer\n\nIdentification No.)\n\n2650 East Bayshore Road, Palo Alto, California\n\n94303\n\n(Address of Principal Executive Offices)\n\n(Zip Code)\n\n(650) 285-2881\n\n(Registrant's telephone number, including area code)\n\n________________________\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nTitle of each classTrading Symbol(s)Name of each exchange on which registered\n\nCommon stock, par value $0.0001 per shareQBTSNew York Stock Exchange\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes ☒  No  ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒   No  ☐ \n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and \"emerging growth company\" in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated filer☐\nAccelerated filer\n\n ☐\n\nNon-accelerated filer☒\nSmaller reporting company\n\n ☐\n\nEmerging growth company\n\n ☐\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐   No ☒ \n\nAPPLICABLE ONLY TO CORPORATE ISSUERS:\n\nAs of May 11, 2026, there were 366,737,601 outstanding shares of the registrant’s common stock, par value $0.0001 per share. In addition, there were 3,176,096 exchangeable shares outstanding as of May 11, 2026, which are convertible into shares of common stock on a one for one basis at any time for no consideration.\n\nTable of Contents\n\nPage\n\nCautionary Note Regarding Forward-Looking Statements2\n\n[Part I. Financial Information](#i5a01c3f5c81749bfa76daac3ad38e2d2_154)\n\n[3](#i5a01c3f5c81749bfa76daac3ad38e2d2_154)"}