8-K
D-Wave Quantum Inc. (QBTS)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________________________________
FORM 8-K
_____________________________________________________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 13, 2025
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D-Wave Quantum Inc.
(Exact Name of Registrant as Specified in Its Charter)
_____________________________________________________________
| Delaware | 001-41468 | 88-1068854 |
|---|---|---|
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) |
2650 East Bayshore Road
Palo Alto, California
94303
(Address of principal executive offices)
(604) 630-1428
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
_____________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common stock, par value $0.0001 per share | QBTS | New York Stock Exchange |
| Warrants, each whole warrant exercisable for 1.4541326 shares of common stock at an exercise price of $11.50 | QBTS.WT | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
| Emerging growth company | x | | --- | --- || If 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. | o | | --- | --- |
Item 7.01 Regulation FD Disclosure.
On August 13, 2025, D-Wave Quantum Inc. (“D-Wave”) announced that it is hosting its first-ever Qubits Japan 2025 quantum computing user conference in Tokyo on September 17 to support growing interest and adoption of annealing quantum computing technology across the Asia Pacific (APAC) region. Themed “Quantum Realized,” Qubits Japan 2025 will feature presentations from D-Wave executives, customers, and thought leaders that showcase how D-Wave’s quantum technology is already delivering tangible value today.
The event comes as D-Wave’s bookings in the APAC region are up 83% over the past 12 months. APAC customers are increasingly exploring, adopting, and using D-Wave’s annealing quantum computing technology to solve complex challenges spanning artificial intelligence (AI)/machine learning and business optimization problems.
D-Wave’s recent customer highlights in the APAC region include an agreement to facilitate a pilot project with Japan Tobacco Inc. related to the companies’ joint work in quantum AI drug discovery, completion of an optimization pilot by NTT DOCOMO Inc., Japan’s largest mobile phone operator, using D-Wave’s annealing quantum computing solutions, and a strategic relationship with Yonsei University and Incheon Metropolitan City to accelerate the exploration, adoption and usage of quantum computing in South Korea and to facilitate the organizations’ efforts towards the acquisition of a D-Wave Advantage2™ system at the Yonsei University International Campus. A copy of the press release is attached as Exhibit 99.1.
The information in this Item 7.01 to this Current Report on Form 8-K, including Exhibit 99.1, is intended to be furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description |
|---|---|
| 99.1 | Press release, dated August 13, 2025. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: August 13, 2025 | D-Wave Quantum Inc. | |
|---|---|---|
| By: | /s/ Alan Baratz | |
| Name: | Alan Baratz | |
| Title: | President & Chief Executive Officer |
Document
D-Wave Announces First-Ever Qubits Japan 2025 Quantum Computing User Conference
83% increase in bookings for D-Wave’s annealing quantum computing technology in Asia Pacific region as organizations develop optimization and quantum AI applications
Regional Qubits event to highlight “Quantum Realized” theme through customer success stories, technical roadmap updates, scientific achievements and advancements in quantum AI
PALO ALTO, Calif. and TOKYO -- August 13, 2025 -- D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software and services, today announced that it is hosting its first-ever Qubits Japan 2025 quantum computing user conference in Tokyo on September 17 to support growing interest and adoption of annealing quantum computing technology across the Asia Pacific (APAC) region. Themed “Quantum Realized,” Qubits Japan 2025 will feature presentations from D-Wave executives, customers, and thought leaders that showcase how D-Wave’s quantum technology is already delivering tangible value today.
The event comes as D-Wave’s bookings in the APAC region are up 83% over the past 12 months. APAC customers are increasingly exploring, adopting, and using D-Wave’s annealing quantum computing technology to solve complex challenges spanning artificial intelligence (AI)/machine learning and business optimization problems.
D-Wave’s recent customer highlights in the APAC region includes:
•Japan Tobacco: The pharmaceutical division of Japan Tobacco Inc. (JT) has signed a new agreement with D-Wave to facilitate a pilot project related to the companies’ joint work in quantum AI drug discovery. The pilot marks the next step toward production deployment based on the success of a completed joint proof-of-concept earlier this year. That proof-of-concept project used quantum computing technology and AI to enable JT to produce novel, more ‘drug-like’ molecular structures beyond those found in the training datasets for the quantum-hybrid generative AI system.
•NTT DOCOMO: NTT DOCOMO Inc. (NTT DOCOMO), Japan’s largest mobile phone operator with over 90 million subscribers, announced a quantum optimization pilot in 2024 that resulted in demonstrable mobile network performance improvements. Using D-Wave’s annealing quantum computing solutions, NTT DOCOMO found that it can reduce congestion at base stations by decreasing paging signals during peak calling times by 15%, potentially leading to increased efficiencies and lower infrastructure costs. NTT DOCOMO’s network signal optimization is now available throughout Japan, and the company is exploring new quantum use cases.
•Yonsei University and Incheon Metropolitan City: in June 2025, D-Wave announced a strategic relationship with Yonsei University and Incheon Metropolitan City to accelerate the exploration, adoption and usage of quantum computing in South Korea. Under terms of the Memorandum of Understanding (MOU), the three organizations intend to work together to advance mutual research and talent development for quantum computing, provide access to D-Wave’s quantum computing technology, and collaborate on development of use cases in biotechnology, materials science and other areas. In addition, the MOU facilitates the organizations’ efforts towards the acquisition of a D-Wave Advantage2™ system at the Yonsei University International Campus in Songdo, Yeonsu-gu, Incheon.
“Asia — and especially Japan — is becoming an important epicenter of quantum computing innovation, development and adoption,” said Dr. Alan Baratz, CEO of D-Wave. “Japan is the birthplace of the original concept of quantum annealing, first proposed by Hidetoshi Nishimori and Tadashi Kadowaki. Fast forward nearly 30 years, and we’re seeing first-hand how this powerful technology can address some of business’s and science’s most computationally complex problems. We’re thrilled to bring together the quantum ecosystem for Qubits Japan 2025 to continue fostering this important dialogue in the region.”
Qubits Japan 2025 will feature notable speakers including: Dr. Alan Baratz, CEO of D-Wave; Trevor Lanting, chief development officer of D-Wave; Hidetoshi Nishimori, professor emeritus at the Institute of Science Tokyo; Dr. Masaru Tateno, chief scientific officer (CSO) of Japan Tobacco’s Pharmaceutical Research Center; Takumi Hattori, data scientist at NTT DOCOMO; and Masayuki Ohzeki, entrepreneur and professor at Tohoku University.
To register for the in-person Qubits Japan 2025 event, visit: https://www.eventzilla.net/e/qubits-japan-25-2138656678
About D-Wave Quantum Inc. D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. We are the world’s first commercial supplier of quantum computers, and the only company building both annealing and gate-model quantum computers. Our mission is to help customers realize the value of quantum, today. Our quantum computers — the world’s largest — feature QPUs with sub-second response times and can be deployed on-premises or accessed through our quantum cloud service, which offers 99.9% availability and uptime. More than 100 organizations trust D-Wave with their toughest computational challenges. With over 200 million problems submitted to our quantum systems to date, our customers apply our technology to address use cases spanning optimization, artificial intelligence, research and more. Learn more about realizing the value of quantum computing today and how we’re shaping the quantum-driven industrial and societal advancements of tomorrow: www.dwavequantum.com.
Forward-Looking Statements Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks set forth under the heading “Risk Factors” discussed under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.
Media Contacts: D-Wave Alex Daigle media@dwavesys.com