Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In D-Wave Quantum To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in D-Wave Quantum between February 26, 2026 and August 25, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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New York, New York--(Newsfile Corp. - October 24, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against D-Wave Quantum Inc. ("D-Wave Quantum" or the "Company") (NASDAQ: QBTS) and reminds investors of the December 15, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Defendants materially overstated D-Wave's business and financial prospects; (ii) the foregoing was reasonably likely to negatively impact the Company's business and reputation; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times.
On August 6, 2026, D-Wave announced its financial results for the second quarter of 2026, reporting revenue of just $3.08 million, compared to $3.1 million for the same period in the prior year, falling short of analyst expectations ranging from $4.03 million to $4.08 million. On this news, D-Wave's stock price declined $1.99 per share, or 9.28%, to close at $19.41 per share on August 6, 2026.
On August 25, 2026, D-Wave issued a press release "announc[ing] that John Markovich is retiring and thus resigning from his position as Chief Financial Officer effective September 2, 2026." On this news, D-Wave's stock price fell $1.84 per share, or 9.51%, closing at $17.51 per share on August 26, 2026.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding D-Wave Quantum's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the D-Wave Quantum class action, go to www.faruqilaw.com/QBTS or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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Frequently Asked Questions (FAQ) for Investors Regarding the D-Wave Quantum Securities Class Action Lawsuit:
What is the D-Wave Quantum securities fraud lawsuit about?
The lawsuit alleges that D-Wave Quantum Inc. and certain of its officers and directors made materially false and misleading statements and/or failed to disclose material information during the Class Period. Specifically, the complaint alleges that Defendants materially overstated D-Wave's business and financial prospects, and that this alleged misrepresentation was reasonably likely to negatively impact the Company's business and reputation. As a result, the lawsuit alleges that Defendants' public statements were materially false and misleading at all relevant times during the Class Period. The action was filed on behalf of investors who suffered damages as a result of their reliance on those allegedly false and misleading statements.
Who may be eligible to participate in the lawsuit?
Investors who purchased or otherwise acquired D-Wave Quantum Inc. (NASDAQ: QBTS) securities between February 26, 2026 and August 25, 2026, inclusive, may be eligible to participate in this lawsuit. Eligibility is not limited to those who seek appointment as lead plaintiff; any class member who suffered losses during the Class Period may potentially share in any recovery obtained. Investors are encouraged to review their trading records for the relevant period to assess whether they purchased QBTS securities during the Class Period. Faruqi & Faruqi, LLP invites potentially affected investors to contact the firm to discuss their legal rights and options.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff is a court-appointed representative who acts on behalf of all class members and plays an active role in directing the litigation, including working with counsel to make key strategic decisions in the case. Any investor who purchased D-Wave Quantum securities during the Class Period and suffered a loss may move the court for appointment as lead plaintiff by the applicable lead plaintiff deadline. Courts typically appoint the movant with the largest financial interest in the relief sought, provided that movant satisfies the relevant legal requirements. Importantly, investors need not serve as lead plaintiff to share in any recovery that may be obtained; class members who do not seek appointment may still participate in any settlement or judgment.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased D-Wave Quantum securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320199
Source: Faruqi & Faruqi LLP
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New York, New York--(Newsfile Corp. - October 23, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of D-Wave Quantum Inc. (NASDAQ: QBTS) between February 26, 2026 and August 25, 2026, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026.
SO WHAT: If you purchased D-Wave securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the D-Wave class action, go to https://rosenlegal.com/cases/dwave-quantum-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) D-Wave's Bookings had declined in 2025; (2) D-Wave's purported record 2026 Bookings did not reflect new or expanding commercial adoption, because they consisted predominantly of two contracts signed before the Class Period and, upon information and belief, no comparable new contracts were being secured; (3) upon information and belief, D-Wave was not on track to convert its system-sales pipeline into new Bookings; (4) upon information and belief, the delivery of D-Wave's systems, and the associated revenue, was slipping to the fourth quarter of 2026 and into 2027; and (5) as a result, defendants' positive statements about D-Wave's business, operations, and prospects lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the D-Wave class action, go to https://rosenlegal.com/cases/dwave-quantum-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320794
Source: The Rosen Law Firm PA
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LOS ANGELES--(BUSINESS WIRE)--A securities class action lawsuit has been filed against D-Wave Quantum, Inc. ("D-Wave" or the "Company") (NASDAQ: QBTS) on behalf of investors who purchased or otherwise acquired D-Wave Quantum, Inc. securities from February 26, 2026 to August 25, 2026, inclusive. The Law Offices of Frank R. Cruz today reported the case, Fessler v. D-Wave Quantum, Inc. et al., filed on October 15, 2026 in the U.S. District Court California Northern District (Case No. 3:26-cv-11953.
LOS ANGELES, Oct. 23, 2026 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors of upcoming lead plaintiff deadlines in securities class action lawsuits filed on behalf of shareholders of Gildan Activewear Inc., D-Wave Quantum, Inc., and Bank Of America Corporation. Investors who wish to seek appointment as lead plaintiff must file a motion by the deadlines listed below.
If you lost money on these investments, contact The Law Offices of Frank R. Cruz about these class actions to learn about your legal rights, by calling 310-914-5007 or emailing [email protected].
Gildan Activewear Inc. (NYSE: GIL)
Class period: February 19, 2025 through June 15, 2026Lead plaintiff motion deadline: December 14, 2026Case: Cortez v. Gildan Activewear Inc. et al., filed in the U.S. District Court Northern District of New York According to the Gildan Activewear Inc. complaint, throughout the class period the defendants made false and/or misleading statements and/or failed to disclose that: (i) Gildan did not have adequate internal controls; and (ii) Gildan used channel stuffing to create an appearance of revenue.
If you are a Gildan Activewear Inc. shareholder who suffered a loss, click here to participate.
D-Wave Quantum, Inc. (NASDAQ: QBTS)
Class period: February 26, 2026 through August 25, 2026Lead plaintiff motion deadline: December 15, 2026Case: Fessler v. D-Wave Quantum, Inc. et al., filed in the U.S. District Court California Northern District According to the D-Wave Quantum, Inc. complaint, throughout the class period the defendants made false and/or misleading statements and/or failed to disclose that: (i) Defendants materially overstated D-Wave’s business and financial prospects; and (ii) the foregoing was reasonably likely to negatively impact the Company’s business and reputation.
If you are a D-Wave Quantum, Inc. shareholder who suffered a loss, click here to participate.
Bank Of America Corporation (NYSE: BAC)
Class period: August 1, 2025 through October 13, 2026Lead plaintiff motion deadline: December 15, 2026Case: New England Teamsters Pension Fund v. Bank of America Corporation et al., filed in the U.S. District Court Southern District of New York According to the Bank Of America Corporation complaint, throughout the class period the defendants made false and/or misleading statements and/or failed to disclose that: (i) systemic weaknesses in BANA's BSA/AML program caused it to fail to properly monitor trillions of dollars in transactions and to miss, delay, or file inaccurate or incomplete suspicious activity reports involving billions of dollars in suspicious activity; (ii) internal reports had documented BANA's BSA/AML deficiencies for years, yet BANA had not adequately remedied them after the 2024 Consent Order; (iii) BANA also had deficiencies in its sanctions compliance program and processed transactions later identified as apparent violations of multiple sanctions programs; and (iv) fixing these deficiencies required significant additional compliance resources and exposed BANA to substantial penalties and costs.
If you are a Bank Of America Corporation shareholder who suffered a loss, click here to participate.
What should investors in these cases do now?
Investors need not take any action at this time to be class members in these cases. Investors may retain counsel of their choice or take no action and remain absent class members. No class has been certified yet in any of these cases.
For more information about these class actions or your rights, contact Frank R. Cruz of The Law Offices of Frank R. Cruz at 310-914-5007, by email at [email protected], or visit the firm's case page.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
About The Law Offices of Frank R. Cruz
The Law Offices of Frank R. Cruz investigates and prosecutes securities fraud and corporate malfeasance class actions. With nearly 20 years of litigation experience, the firm focuses on complex securities class actions and gives each client personal, one-on-one attention throughout the legal process.
San Diego, California--(Newsfile Corp. - October 23, 2026) - Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of D-Wave Quantum Inc. (NASDAQ: QBTS) securities between February 26, 2026 and August 25, 2026, both dates inclusive (the "Class Period"), have until December 15, 2026 to seek appointment as lead plaintiff of the D-Wave class action lawsuit. Captioned Fessler v. D-Wave Quantum Inc., No. 26-cv-11953 (N.D. Cal.), the D-Wave class action lawsuit charges D-Wave as well as certain of D-Wave's top current and former executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the D-Wave class action lawsuit, please provide your information here:
You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at [email protected].
CASE ALLEGATIONS: D-Wave engages in the development and delivery of quantum computing systems, software, and services.
The D-Wave class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) defendants materially overstated D-Wave's business and financial prospects; (ii) the foregoing was reasonably likely to negatively impact D-Wave's business and reputation; and (iii) as a result, defendants' public statements were materially false and misleading at all relevant times.
On August 6, 2026, D-Wave announced its financial results for the second quarter of 2026, allegedly reporting revenue of just $3.08 million, compared to $3.1 million for the same period in the prior year, falling short of analyst expectations ranging from $4.03 million to $4.08 million. On this news, the price of D-Wave stock fell more than 9%, according to the complaint.
On August 25, 2026, D-Wave issued a press release "announc[ing] that John Markovich is retiring and thus resigning from his position as Chief Financial Officer effective September 2, 2026." On this news, the price of D-Wave stock fell nearly 10%, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired D-Wave securities during the Class Period to seek appointment as lead plaintiff in the D-Wave class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the D-Wave class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the D-Wave class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the D-Wave class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
BENSALEM, Pa.--(BUSINESS WIRE)--Investors who suffered losses on D-Wave Quantum, Inc. ("D-Wave" or the "Company") stock may have claims to recover those losses. The Law Offices of Howard G. Smith today reported that it is conducting a securities fraud investigation on behalf of D-Wave Quantum, Inc. (NASDAQ: QBTS) investors into whether the Company may have violated the federal securities laws. The investigation comes after a August 25, 2026 disclosure concerning D-Wave Quantum, Inc.Investors wit.
LOS ANGELES--(BUSINESS WIRE)--Investors who lost money on D-Wave Quantum, Inc. ("D-Wave" or the "Company") stock may have claims to recover their losses. Glancy Prongay Wolke & Rotter LLP ("Glancy") today announced a securities fraud investigation on behalf of D-Wave Quantum, Inc. (NASDAQ: QBTS) investors into whether the Company may have violated the federal securities laws. The investigation follows the August 25, 2026 disclosure regarding D-Wave Quantum, Inc. Investors who lost money on.
New York, New York--(Newsfile Corp. - October 22, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against D-Wave Quantum Inc. ("D-Wave" or the "Company") (NYSE: QBTS) on behalf of investors that purchased or otherwise acquired D-Wave securities between February 26, 2026 and August 25, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in D-Wave and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than December 14, 2026 for an opportunity to be lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
The complaint alleges that throughout the Class Period, Defendants materially overstated D-Wave's operational and financial prospects.
According to the complaint, the truth started to emerge on August 6, 2026, when D-Wave announced its financial results for the second quarter of 2026, including reporting revenue of just $3.08 million, compared to $3.1 million for the same period in the prior year, falling short of analyst expectations ranging from $4.03 million to $4.08 million. On this news, D-Wave's stock price declined $1.99 per share, or 9.28%, to close at $19.41 per share on August 6, 2026.
Then, on August 25, 2026, the complaint alleges D-Wave issued a press release "announc[ing] that John Markovich is retiring and thus resigning from his position as Chief Financial Officer effective September 2, 2026." Following this news, D-Wave's stock price fell $1.84 per share, or 9.51%, closing at $17.51 per share on August 26, 2026.
CLICK HERE TO LEARN MORE
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of D-Wave Quantum Inc. (NASDAQ: QBTS) between February 26, 2026 and August 25, 2026, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026.
SO WHAT: If you purchased D-Wave securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the D-Wave class action, go to https://rosenlegal.com/cases/dwave-quantum-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) D-Wave’s Bookings had declined in 2025; (2) D-Wave’s purported record 2026 Bookings did not reflect new or expanding commercial adoption, because they consisted predominantly of two contracts signed before the Class Period and, upon information and belief, no comparable new contracts were being secured; (3) upon information and belief, D-Wave was not on track to convert its system-sales pipeline into new Bookings; (4) upon information and belief, the delivery of D-Wave’s systems, and the associated revenue, was slipping to the fourth quarter of 2026 and into 2027; and (5) as a result, defendants’ positive statements about D-Wave’s business, operations, and prospects lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the D-Wave class action, go to https://rosenlegal.com/cases/dwave-quantum-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
, /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of D-Wave Quantum Inc. (NASDAQ: QBTS) securities between February 26, 2026 and August 25, 2026, both dates inclusive (the "Class Period"), have until December 15, 2026 to seek appointment as lead plaintiff of the D-Wave class action lawsuit. Captioned Fessler v. D-Wave Quantum Inc., No. 26-cv-11953 (N.D. Cal.), the D-Wave class action lawsuit charges D-Wave and certain of D-Wave's top current and former executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the D-Wave class action lawsuit, please provide your information here:
You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at [email protected].
CASE ALLEGATIONS: D-Wave engages in the development and delivery of quantum computing systems, software, and services.
The D-Wave class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) defendants materially overstated D-Wave's business and financial prospects; (ii) the foregoing was reasonably likely to negatively impact D-Wave's business and reputation; and (iii) as a result, defendants' public statements were materially false and misleading at all relevant times.
On August 6, 2026, D-Wave announced its financial results for the second quarter of 2026, allegedly reporting revenue of just $3.08 million, compared to $3.1 million for the same period in the prior year, falling short of analyst expectations ranging from $4.03 million to $4.08 million. On this news, the price of D-Wave stock fell more than 9%, according to the complaint.
On August 25, 2026, D-Wave issued a press release "announc[ing] that John Markovich is retiring and thus resigning from his position as Chief Financial Officer effective September 2, 2026." On this news, the price of D-Wave stock fell nearly 10%, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired D-Wave securities during the Class Period to seek appointment as lead plaintiff in the D-Wave class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the D-Wave class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the D-Wave class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the D-Wave class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
SAN DIEGO, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Shareholder rights law firm Robbins LLP reminds investors that a class action was filed on behalf of all persons who purchased or otherwise acquired D-Wave (NYSE: QBTS) securities between February 26, 2026 and August 25, 2026, inclusive (the “Class Period”). D-Wave is a company engaged in quantum computing.
The complaint alleges that D-Wave overstated its business and financial prospects.
Investors who purchased D-Wave Quantum Inc. securities during the Class Period and suffered significant losses should contact Robbins LLP before December 15, 2026 for information about the lawsuit.
Why Was D-Wave Sued?
According to the complaint, during the Class Period, defendants failed to disclose that:
(i) defendants materially overstated D-Wave’s business and financial prospects;
(ii) the foregoing was reasonably likely to negatively impact the Company’s business and reputation; and
(iii) as a result, defendants’ public statements were materially false and misleading at all relevant times.
Why Did D-Wave Stock Drop?
According to the complaint, the truth started to emerge on August 6, 2026, when D-Wave announced its financial results for the second quarter of 2026. Among other things, D-Wave reported revenue of just $3.08 million, compared to $3.1 million for the same period in the prior year, falling short of analyst expectations ranging from $4.03 million to $4.08 million. On this news, D-Wave’s stock price declined $1.99 per share, or 9.28%, to close at $19.41 per share on August 6, 2026.
Then, on August 25, 2026, D-Wave issued a press release “announc[ing] that John Markovich is retiring and thus resigning from his position as Chief Financial Officer effective September 2, 2026.” On this news, D-Wave’s stock price fell $1.84 per share, or 9.51%, closing at $17.51 per share on August 26, 2026.
What Can D-Wave Shareholders Do Now?
Investors who purchased D-Wave Quantum Inc. securities during the Class Period may be eligible to serve as lead plaintiff. The lead plaintiff is a court-appointed investor who represents the interests of all class members throughout the litigation. Stockholders who wish to seek appointment as lead plaintiff should contact Robbins LLP before the December 15, 2026 deadline for information about the appointment process.
Shareholders do not need to serve as lead plaintiff to share in any potential recovery. Investors who do not seek appointment may remain absent class members.
Does It Cost Anything to Participate?
No. Robbins LLP represents investors on a contingency fee basis, with no upfront or out-of-pocket fees or expenses.
Contact Robbins LLP
Investors seeking additional information about the D-Wave Quantum Inc. securities class action may contact Robbins LLP by submitting an inquiry, emailing attorney Aaron Dumas, Jr., or calling (800) 350-6003.
Why Robbins LLP?
A recognized leader in shareholder rights litigation, Robbins LLP represents investors in securities fraud and shareholder derivative litigation. We have helped restore more than $2 billion in value to shareholders and secured some of the largest recoveries in shareholder derivative litigation history.
"Companies have an obligation to provide investors with complete and accurate information so that markets can function fairly and efficiently," said Brian J. Robbins, Founding Partner of Robbins LLP.
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New York, New York--(Newsfile Corp. - October 22, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of D-Wave Quantum Inc. (NASDAQ: QBTS) between February 26, 2026 and August 25, 2026, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026.
SO WHAT: If you purchased D-Wave securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the D-Wave class action, go to https://rosenlegal.com/cases/dwave-quantum-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) D-Wave's Bookings had declined in 2025; (2) D-Wave's purported record 2026 Bookings did not reflect new or expanding commercial adoption, because they consisted predominantly of two contracts signed before the Class Period and, upon information and belief, no comparable new contracts were being secured; (3) upon information and belief, D-Wave was not on track to convert its system-sales pipeline into new Bookings; (4) upon information and belief, the delivery of D-Wave's systems, and the associated revenue, was slipping to the fourth quarter of 2026 and into 2027; and (5) as a result, defendants' positive statements about D-Wave's business, operations, and prospects lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the D-Wave class action, go to https://rosenlegal.com/cases/dwave-quantum-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320483
Source: The Rosen Law Firm PA
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Did you buy QBTS securities between February 26, 2026 and August 25, 2026?
Affected QBTS Investor Summary
Who: D-Wave Quantum Inc. (NASDAQ: QBTS) What: Securities fraud class action lawsuit filed Class Period: February 26, 2026 through August 25, 2026 Deadline to Seek Lead Plaintiff Status: December 15, 2026 Key Lawsuit Allegations: Material misstatements and/or omissions concerning the company's financial and operational prospects Investor Action: Contact Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) for recovery options , /PRNewswire/ -- Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against D-Wave Quantum Inc. (D-Wave) (NASDAQ: QBTS) on behalf of those who purchased or acquired D-Wave securities between February 26, 2026 and August 25, 2026, inclusive. The lawsuit is filed in the United States District Court for the Northern District of California and is captioned Fessler v. D-Wave Quantum Inc., No. 5:26-cv-11953 (N.D. Cal.). Investors have until December 15, 2026, to file for lead plaintiff status.
CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS:
If you purchased or acquired D-Wave securities and have lost money on your investment, please provide your information here: https://www.ktmc.com/qbts-dwave-quantum-inc-class-action-lawsuit?utm_campaign=hc?utm_source=PR_Newswire&utm_medium=pressrelease&utm_campaign=qbts&mktm=PR
You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. There is no cost or obligation to speak with an attorney.
To view the D-Wave video on YouTube, click here: https://youtu.be/1-ab4w_SeA4?si=nQXXTpj3fahTFlFp
D-WAVE QUANTUM INC. CLASS ACTION LAWSUIT - COMPLAINT ALLEGATION SUMMARY:
D-Wave is in the business of developing and delivering quantum computing systems, software, and services.
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company's business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) Defendants materially overstated the company's operational and financial prospects; (2) as a result, it was reasonably likely that D-Wave would experience a negative impact to its business and reputation; and (3) as a result of the foregoing, Defendants' statements about the company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
WHY DID D-WAVE'S STOCK DROP?
On August 6, 2026, D-Wave reported disappointing financial results for the second quarter of 2026 including, among other items, missing analysts' revenue expectations. On this news, the price of D-Wave's stock fell by $1.99 per share, or 9.28%, to close at $19.41 per share on August 6, 2026.
Then, on August 25, 2026, D-Wave issued a press release announcing the resignation of its CFO, effective September 2, 2026. On this news, the price of D-Wave's stock fell $1.84 per share, or 9.51%, closing at $17.52 per share on August 26, 2026.
WHAT D-WAVE QUANTUM INC. INVESTORS CAN DO NOW:
File to be lead plaintiff by December 15, 2026. Contact KTMC for a free case evaluation. All representation is on a contingency fee basis, there is no cost to you. Retain counsel of choice or take no action. THE LEAD PLAINTIFF PROCESS FOR D-WAVE QUANTUM INC. INVESTORS:
D-Wave investors may, no later than December 15, 2026, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
Kessler Topaz Meltzer & Check, LLP encourages D-Wave investors to contact the firm for more information.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP (KTMC):
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including being recognized in Chambers & Partners USA 2026 as a Band 1 Top Firm in Securities and Class Actions, Legal 500's Tier 1 Rankings for Securities and M&A Litigation, The National Law Journal's Plaintiff's Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group's Honor Roll of Most Feared Law Firms, The Legal Intelligencer's Class Action Firm of the Year, Lawdragon's Leading Plaintiff Financial Lawyers, and Law360's Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent. The complaint in this matter was not filed by KTMC.
CONTACT:
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
[email protected]
May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
Lost Money on D-Wave Quantum, Inc. Stock? Glancy Prongay Wolke & Rotter LLP Investigates Possible Securities Fraud After 9.51% Share Price Drop
Investors who lost money on D-Wave Quantum, Inc. ("D-Wave" or the "Company") stock may have claims to recover their losses. Glancy Prongay Wolke & Rotter LLP ("Glancy") today announced a securities fraud investigation on behalf of D-Wave Quantum, Inc. (NASDAQ: QBTS) investors into whether the Company may have violated the federal securities laws. The investigation follows the August 25, 2026 disclosure regarding D-Wave Quantum, Inc.
Investors who lost money on D-Wave Quantum, Inc. securities can submit their D-Wave Quantum, Inc. loss information to learn about potentially pursuing claims to recover their losses.
Key facts in the D-Wave Quantum, Inc. investigation
Disclosure date: August 25, 2026Stock price decline: $1.84 per share, or 9.51%Closing price after the decline: $17.51 on August 26, 2026What happened?
On August 6, 2026, D-Wave reported its second quarter of 2026 financial results. Among other things, D-Wave issues revenue of only $3.08 million, compared to $3.1 million for the same period in 2025.
On this news, D-Wave's stock price fell $1.98 per share, or 9.28%, to close at $19.41 per share on August 6, 2026, thereby injuring investors.
Then, on August 25, 2026, D-Wave issued a press release “announc[ing] that John Markovich is retiring and thus resigning from his position as Chief Financial Officer effective September 2, 2026.”
On this news, D-Waves stock price fell $1.84 per share, or 9.51%, to close at $17.51 per share on August 26, 2026, thereby further injuring investors
"D-Wave Quantum, Inc. stock fell 9.51% following the August 25, 2026 disclosure that D-Wave reported second-quarter 2026 revenue of only $3.08 million, compared to $3.1 million for the same period in 2025. Investors who lost money deserve to know whether they were given the full picture, and our investigation will examine that question," said Charles H. Linehan, Partner at Glancy Prongay Wolke & Rotter LLP.
What's the next step?
Glancy is investigating potential claims on behalf of D-Wave Quantum, Inc. investors. Investors who lost money can contact Glancy about the D-Wave Quantum, Inc. investigation, email [email protected], or call 310-201-9150 (toll-free: 888-773-9224).
Frequently Asked Questions
Who is eligible? Investors who bought D-Wave Quantum, Inc. securities and lost money may have claims, and can contact Glancy to learn whether they are affected by the D-Wave Quantum, Inc. investigation.
What is a securities fraud investigation? In the D-Wave Quantum, Inc. investigation, Glancy is reviewing whether the Company or its executives may have made false or misleading statements to investors in violation of the federal securities laws.
Has a lawsuit been filed? This release announces Glancy's investigation, not a lawsuit. If a securities class action is later filed against D-Wave Quantum, Inc., investors may have the opportunity to seek appointment as lead plaintiff.
Does it cost anything to contact Glancy or participate in this investigation? Glancy represents D-Wave Quantum, Inc. investors on a contingency fee basis, which means investors pay no attorneys' fees unless there is a recovery. Any fees are subject to court approval and are paid from the recovery.
Why work with Glancy on the D-Wave Quantum, Inc. investigation? Glancy Prongay Wolke & Rotter LLP is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Contact Glancy about the D-Wave Quantum, Inc. investigation. Prior results do not guarantee a similar outcome.
Whistleblower notice
Persons with non-public information about D-Wave Quantum, Inc. should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information that leads to a successful SEC enforcement action may receive awards of 10 to 30 percent of the sanctions collected, when those sanctions exceed $1 million. For more information, contact Charles H. Linehan at 310-201-9150 or 888-773-9224, or email [email protected].
About Glancy Prongay Wolke & Rotter LLP
Glancy was named one of Law360's Securities Groups of the Year and ranked second in total investor recoveries by ISS Securities Class Action Services in 2025.
Glancy's successes have been widely covered by leading news and industry publications, including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money.
Prior results do not guarantee a similar outcome.
Related links
D-Wave Quantum, Inc. investigation page, Glancy Prongay Wolke & Rotter LLPD-Wave Press ReleaseD-Wave Quantum, Inc. SEC filings index, EDGARSEC Whistleblower ProgramGlancy Prongay Wolke & Rotter LLPFollow Glancy on LinkedIn, X, or Facebook.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261022868758/en/
Disclosures
I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
New York, New York--(Newsfile Corp. - October 22, 2026) - Lead Plaintiff Deadline: December 15, 2026. Investors who purchased (NASDAQ: QBTS) securities between February 26, 2026 and August 25, 2026 may be eligible to recover losses.
Bronstein, Gewirtz & Grossman, LLC ("BG&G"), a nationally recognized investor-rights law firm, announces that it has filed a securities class action lawsuit against D-Wave Quantum Inc. (NASDAQ: QBTS) ("D-Wave" or the "Company") and certain of its officers.
The lawsuit, captioned, Case No. 5:26-cv-11953, was filed on October 15, 2026, in the United States District Court for the Northern District of California. The action seeks to recover damages on behalf of all persons and entities that purchased or otherwise acquired D-Wave securities between February 26, 2026 and August 25, 2026, both dates inclusive (the "Class Period"), for alleged violations of the federal securities laws.
Investors are encouraged to join this case by visiting the firm's website: https://bgandg.com/cases/d-wave-quantum-inc-qbts-class_action_lawsuit/
D-Wave Case Details
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and financial prospects. Specifically, the complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that:
Defendants materially overstated D-Wave's business, operational, and financial prospects; The foregoing was reasonably likely to negatively impact the Company's business and reputation; and As a result, Defendants' public statements were materially false and misleading at all relevant times.On August 6, 2026, D-Wave reported second-quarter revenue of $3.08 million, falling short of analysts' expectations of approximately $4.03 million to $4.08 million. On this news, D-Wave's stock price declined $1.99 per share, or 9.28%, closing at $19.41 per share.
Then, on August 25, 2026, D-Wave announced that Chief Financial Officer John Markovich would retire and resign from his position effective September 2, 2026. On this news, D-Wave's stock price fell $1.84 per share, or 9.51%, closing at $17.51 per share on August 26, 2026.
What's Next for D-Wave Investors?
Bronstein, Gewirtz & Grossman, LLC has already filed a class action lawsuit on behalf of D-Wave investors. The action is pending in the United States District Court for the Northern District of California under Case No. 5:26-cv-11953.
If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/cases/d-wave-quantum-inc-qbts-class_action_lawsuit, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in D-Wave you have until December 15, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to D-Wave Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for D-Wave Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
Follow us for updates on LinkedIn, X, Facebook, or Instagram.
Attorney advertising.
Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319390
Source: Bronstein, Gewirtz & Grossman, LLC
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Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
NEW YORK, Oct. 22, 2026 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against D-Wave Quantum Inc. ("D-Wave" or the "Company") (NASDAQ:QBTS) and certain officers. The class action, filed in the United States District Court for the Northern District of California, and docketed under 26-cv-12155, is on behalf of a class consisting of all persons and entities other than the above-captioned defendants ("Defendants") that purchased or otherwise acquired D-Wave securities between February 27, 2026 and August 25, 2026, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
D-Wave CEO Alan Baratz and former CFO John M. Markovich face Section 20(a) control person claims in a securities lawsuit alleging the Company overstated its business and financial prospects.
, /PRNewswire/ -- SueWallSt alerts investors in D-Wave Quantum Inc. (NYSE: QBTS) that Chief Executive Officer Alan Baratz and former Chief Financial Officer John M. Markovich are named as individual defendants, facing Section 20(a) control person claims, in a pending securities class action on behalf of purchasers between February 26, 2026 and August 25, 2026. Find out if you may be eligible to recover losses or contact Joseph E. Levi, Esq. at [email protected] or (888) SueWallSt.
QBTS fell $1.84 per share, or 9.51%, to close at $17.51 on August 26, 2026, after D-Wave announced that Markovich was retiring and resigning as CFO effective September 2, 2026. That decline came on top of a $1.99 per-share drop, or 9.28%, to $19.41 on August 6, 2026, when the Company reported second quarter 2026 results. The window to apply for lead plaintiff closes on December 15, 2026.
CEO and CFO Securities Liability Under Section 20(a)
Baratz, D-Wave's CEO and President, and Markovich are sued alongside the Company under Section 10(b) and Rule 10b-5. A separate Section 20(a) count is aimed at the two executives alone. In practical terms, that count seeks to hold senior officers responsible for a company's alleged violations when they controlled the statements at issue, and the pleading asserts that both men held that control at all relevant times.
What Baratz and Markovich Allegedly Controlled
As averred in the complaint, the two executives:
Held power and authority over the contents of D-Wave's SEC filings, press releases, and other market communications Received the challenged filings and releases before or shortly after issuance, with the ability to block or correct them Had access to material information unavailable to the public Owed a duty to promptly correct any public statement that had become materially false or misleading Directed D-Wave's general operations and the specific activities underlying the alleged violations The challenged statements include CEO-attributed remarks in D-Wave's February 26, 2026 and May 12, 2026 results announcements. The complaint charges that both executives knew adverse facts had not been disclosed while those positive representations reached the market.
An Executive Exit Inside the Alleged Timeline
As claimed in the lawsuit, the August 25, 2026 announcement of Markovich's retirement, made less than three weeks after the second quarter report, was the second of two events that sent QBTS lower.
"Corporate officers have a duty to ensure their companies' public statements are accurate and complete. This complaint alleges that D-Wave's CEO and CFO controlled the very press releases and filings now under challenge, and that QBTS shareholders absorbed losses in August 2026 as a result." -- Joseph E. Levi, Esq.
Submit your information to learn more or call (888) SueWallSt.
WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Frequently Asked Questions About the QBTS Lawsuit
Q: What court was the QBTS class action filed in? A: The case was filed in the United States District Court for the Northern District of California, governed by the Private Securities Litigation Reform Act of 1995.
Q: Who are the defendants named in the QBTS lawsuit? A: The complaint names D-Wave Quantum Inc. and individual defendants including CEO Alan Baratz and CFO John M. Markovich.
Q: What is the QBTS class action lawsuit about? A: A securities class action has been filed against D-Wave Quantum Inc. (NYSE: QBTS) alleging materially false and misleading statements between February 26, 2026 and August 25, 2026. Shares allegedly faltered first when revenue fell shy of investor expectations and again less than a month later when the Company announced its Chief Financial Officer was resigning. Investors who purchased shares during the Class Period and suffered losses may be eligible to seek compensation.
Q: What do QBTS investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible as an absent class member.
Q: What happens after I submit my information? A: Your trading history will be reviewed at no cost for an initial assessment of your potential eligibility.
Q: What if I already sold my QBTS shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.
Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.
Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in the securities class action, they are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (888) SueWallSt
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
NEW YORK, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds D-Wave Quantum Inc. (“D-Wave” or the “Company”) (NASDAQ: QBTS) investors of the December 15, 2026 deadline involving a securities fraud class action lawsuit commenced against the Company.
Should You Join The D-Wave Class Action Lawsuit:
Do you, or did you, own shares of D-Wave Quantum Inc. (NASDAQ: QBTS)?Did you purchase your shares between February 26, 2026 and August 25, 2026, inclusive?Did you lose money in your investment in D-Wave Quantum Inc.? What To Do Next:
Investors are encouraged to act promptly and submit a form at D-Wave Quantum Inc. Shareholder Class Action Lawsuit or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected].
If you wish to serve as lead plaintiff for the Class, you must file papers by December 14, 2026. A lead plaintiff is a representative party acting on other class members’ behalf in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About The Lawsuit:
A lawsuit was filed on behalf of investors (the “Class”) who purchased or acquired the securities of D-Wave between February 26, 2026 and August 25, 2026, inclusive, alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its senior officers.
The lawsuit alleges that defendants made materially false and misleading statements and omissions regarding the Company’s business operations, growth prospects, and financial stability. As a result of these alleged misrepresentations, D-Wave securities traded at artificially inflated prices during the Class Period. When the truth was disclosed, investors allegedly suffered significant losses.
About Bernstein Liebhard:
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses in D-Wave Quantum to Contact Him Directly to Discuss Their Options New York, New York--(Newsfile Corp. - October 22, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors of the December 15, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against D-Wave Quantum Inc. ("D-Wave Quantum" or the "Company") (NASDAQ: QBTS). [You may also click here for additional information] WHY: Faruqi & Faruqi, LLP, a leading national securities law firm, informs investors of the federal securities class action on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired D-Wave Quantum securities between February 26, 2026 and August 25, 2026, inclusive (the "Class Period").
D-Wave (QBTS +2.72%) already has something that matters in industries at the bleeding edge of science: technology customers are willing to pay for. This has won D-Wave many fans, but with annual sales still measured in the tens of millions, its enormous valuation assumes a whole lot more is coming. Will it?
And five years from now, where will D-Wave stock be?
$12.10+$0.32 (+2.72%)
NASDAQ · As of 4:00 PM ET 10/21/26
How quantum computing differs from traditional computing First, a short primer on quantum computing: The phone or laptop you're reading this on processes information using bits -- 0s and 1s. Quantum computers use quantum bits, or "qubits," which can exist in a combination of those two states. That gives them a fundamentally different way to process information, and that means quantum computers could tackle problems that are more or less impossible to solve by traditional methods.
Image source: Getty Images.
Of course, "could" is doing a fair amount of work here. Building the kind of mature, powerful, and widely useful quantum computer that the industry hopes to build is still a real engineering challenge.
D-Wave's approach to commercial quantum computing D-Wave's "quantum annealing" approach is especially good at optimization. Think problems like scheduling workers across multiple factories or improving routing for a fleet of delivery trucks.
And critically, this approach has yielded more real-world results more quickly than much of the competition. D-Wave already offers its annealing technology commercially. However, there's a catch: Annealing is widely considered to have less upside than other approaches, trading long-term potential for near-term utility.
The company is now pursuing an alternative gate-based approach after the recent acquisition of Quantum Circuits, but it has traditionally been focused on optimization and commercialization.
D-Wave's revenue, bookings, and continued losses This strategy means that, unlike some of its peers, D-Wave has a real -- albeit modest -- business. Its sales clocked in at $3.1 million last quarter, flat year over year. However, there are signs of better times ahead.
The company's backlog stands at $40.7 million. That includes a single $20 million system sale booked in the first quarter (Q1).
While revenue could pick up, D-Wave is still struggling on the bottom line, losing $48 million in Q2.
The company does, however, have a decent financial cushion, ending June with $546.2 million in cash and securities.
Two scenarios for D-Wave's growth through 2031 For these scenarios, let's start with roughly $42.5 million in 2026 revenue, close to the current analyst consensus.
A bullish scenario
D-Wave's annealing systems gain wider adoption as customers find meaningful advantages in scheduling, logistics, and other optimization tasks. Its gate-based technology progresses, opening up additional applications. Sales grow at 50% annually, reaching about $323 million in 2031. The company moves closer to profitability but continues operating in the red as it scales. A bearish scenario
Annealing finds some useful applications, but adoption remains limited as traditional computing proves competitive. Its gate-based systems remain largely confined to research and experimentation. Sales grow at 15% annually, reaching about $85 million in 2031. The company remains deeply unprofitable and eventually turns to further stock sales to help fund the gap. Where could D-Wave stock be in five years? Honestly, I see D-Wave looking a lot more like the latter case five years from now. The company already has some practical applications, but turning those into a large, profitable business and continuing to scale is another matter.
In that scenario, I doubt investors will be willing to pay anywhere near today's enormous sales multiple. Even at 10 times sales, D-Wave would be worth only $850 million, significantly less than the nearly $4.5 billion valuation it carries today.
Of course, I could be very wrong. Adoption could accelerate, and D-Wave's technology could improve faster than I expect, and its annealing approach could find wider commercial use than I assume. But I'm skeptical that its business will grow nearly as quickly as many investors assume.
The potential Anthropic initial public offering is the center of a lot of investor attention, but investors shouldn't lose sight of already public companies that are set for success.
IonQ (IONQ +3.26%), Archer Aviation (ACHR -2.76%), AST SpaceMobile (ASTS -0.56%), SoundHound AI (SOUN -1.92%), D-Wave Quantum (QBTS +2.72%), and Redwire (RDW +3.13%) are six names to watch.
Here's a look at what it would take for each of those stocks to double by 2028 -- which starts in just 14 months -- and how realistic it is to expect them to reach that goal.
Image source: Getty Images.
IonQ must prove that quantum computing can become a real business
IonQ has a market cap of about $12.5 billion. For it to grow to $25 billion, investors will need confidence that its technology can reach commercial viability. Given that quantum computing is still in a relatively early stage of development, that could take years.
IONQ IonQ$32.28+$1.02 (+3.26%)
NYSE · As of 4:00 PM ET 10/21/26
One thing investors should watch for is the company's conversion of its $485 million in remaining performance obligations (RPO) into revenue. About half of that revenue is expected within a year. Plus, IonQ has about $2.1 billion in cash and short-term investments, or roughly four years of runway.
Still, the company has been raising capital, including a $2 billion equity offering it conducted this month. Further dilution risk is real with this stock.
Can Archer's air taxis move beyond test flights?
Archer Aviation aims to reshape how people travel with its air taxis.
Archer's path to doubling its current market cap of $3.1 billion to over $6 billion depends on the company earning regulatory certification for its electric aircraft, bringing them into production, and launching the business commercially. Its progress on the operational side makes the bull case more realistic.
ACHR Archer Aviation$3.87-$0.11 (-2.76%)
NYSE · As of 4:00 PM ET 10/21/26
On top of that, Archer's $1.6 billion in cash and short-term investments gives it about two and a half years of runway.
That said, dilution risk looms if R&D costs exceed funding. Slow commercial adoption could also weaken the bull case.
AST SpaceMobile wants to deliver satellite broadband to ordinary smartphones
AST SpaceMobile hopes to change how people stay connected.
For the company to double its market cap from about $15.8 billion to over $32 billion by 2028, it will have to hit two milestones: deploying a satellite network and generating revenue from carrier agreements.
ASTS AST SpaceMobile$40.90-$0.23 (-0.56%)
NASDAQ · As of 4:00 PM ET 10/21/26
The company is working toward both goals, but its execution risk is still significant, making the bull case less certain.
AST has $2.3 billion in cash, or about one year of runway. Building its satellite network requires substantial financing, so dilution risk is a major concern.
SoundHound's voice AI could become a key growth engine
SoundHound AI is using voice AI to power businesses.
For SoundHound's market cap to double from $2.1 billion to over $4 billion, it must secure more enterprise clients. In fact, revenue is growing strongly as more businesses adopt its OASYS platform, making the bull case more achievable.
Investors should monitor how quickly it can convert its $60 million in contracted business into revenue; the company expects $37.3 million to convert within a year.
In addition, SoundHound has $202.8 million in cash and equivalents on its books, or over a year and a half of runway. That said, funding its operations continues to pose notable dilution risk.
Quantum cloud access must become recurring revenue for D-Wave
D-Wave is beginning to bring the power of quantum computing to commercial applications.
It could double its $4.5 billion market cap to over $9 billion by 2028 if its tech stack gains broader commercial adoption. However, quantum computing adoption is still in its early stages, and the tech is not yet truly commercially viable, so the timeline could take even longer.
The statistic to watch with D-Wave is recurring cloud-access revenue, which rose to $1.9 million in the second quarter from $1.2 million a year earlier. Plus, $40.7 million of its contracted business has yet to convert to revenue, with about 57% expected within a year.
D-Wave currently has $546.2 million in cash and marketable securities, or nearly four years of runway, though dilution risk remains as it invests in its quantum technology.
Space and defense demand could drive Redwire's revenue growth
Redwire is counting on rising demand for space and defense technology.
To double its market cap from $2.1 billion to over $4 billion by 2028, it will have to convert its $542.1 million backlog into strong revenue growth. It's worth noting that its backlog has been growing, and rising revenue strengthens the bull case.
Redwire also holds $557.7 million in cash, cash equivalents, and restricted cash, giving it a runway of over eight years at its current pace of spending. That said, it faces execution risks around its contracts and further dilution as it funds operations.
Can these six stocks double by 2028?
Promising technology is one thing, but turning it into strong shareholder returns is another.
Redwire and SoundHound have the most realistic paths to doubling by 2028 and could be the safest options of the six. Archer Aviation and AST SpaceMobile appear to be higher-risk picks that hinge on execution. IonQ and D-Wave rank further down in terms of their likelihood to deliver for shareholders, as quantum computing may take longer than expected to reach commercial viability and scale.
LOS ANGELES--(BUSINESS WIRE)--D-Wave Quantum, Inc. ("D-Wave" or the "Company") investors who lost money may have claims to recover their losses. The Law Offices of Frank R. Cruz today announced it is investigating potential securities fraud claims on behalf of investors in D-Wave Quantum, Inc. (NASDAQ: QBTS), examining whether the Company may have violated the federal securities laws. The investigation centers on the disclosure about D-Wave Quantum, Inc. on August 25, 2026. If you lost money on.
New York, New York--(Newsfile Corp. - October 21, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of D-Wave Quantum Inc. (NASDAQ: QBTS) between February 26, 2026 and August 25, 2026, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026.
SO WHAT: If you purchased D-Wave securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the D-Wave class action, go to https://rosenlegal.com/cases/dwave-quantum-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) D-Wave's Bookings had declined in 2025; (2) D-Wave's purported record 2026 Bookings did not reflect new or expanding commercial adoption, because they consisted predominantly of two contracts signed before the Class Period and, upon information and belief, no comparable new contracts were being secured; (3) upon information and belief, D-Wave was not on track to convert its system-sales pipeline into new Bookings; (4) upon information and belief, the delivery of D-Wave's systems, and the associated revenue, was slipping to the fourth quarter of 2026 and into 2027; and (5) as a result, defendants' positive statements about D-Wave's business, operations, and prospects lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the D-Wave class action, go to https://rosenlegal.com/cases/dwave-quantum-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320285
Source: The Rosen Law Firm PA
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Did you buy QBTS securities between February 26, 2026 and August 25, 2026?
Affected QBTS Investor Summary
Who: D-Wave Quantum Inc. (NASDAQ: QBTS)What: Securities fraud class action lawsuit filedClass Period: February 26, 2026 through August 25, 2026Deadline to Seek Lead Plaintiff Status: December 15, 2026Key Lawsuit Allegations: Material misstatements and/or omissions concerning the company’s financial and operational prospectsInvestor Action: Contact Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) for recovery options
RADNOR, Pa., Oct. 21, 2026 (GLOBE NEWSWIRE) -- Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against D-Wave Quantum Inc. (D-Wave) (NASDAQ: QBTS) on behalf of those who purchased or acquired D-Wave securities between February 26, 2026 and August 25, 2026, inclusive. The lawsuit is filed in the United States District Court for the Northern District of California and is captioned Fessler v. D-Wave Quantum Inc., No. 5:26-cv-11953 (N.D. Cal.). Investors have until December 15, 2026, to file for lead plaintiff status.
CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS:
If you purchased or acquired D-Wave securities and have lost money on your investment, please provide your information here: https://www.ktmc.com/qbts-dwave-quantum-inc-class-action-lawsuit?utm_campaign=hc?utm_source=Globe&utm_medium=pressrelease&utm_campaign=qbts&mktm=PR
You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. There is no cost or obligation to speak with an attorney.
To view the D-Wave video on YouTube, click here: https://youtu.be/1-ab4w_SeA4?si=nQXXTpj3fahTFlFp
D-WAVE QUANTUM INC. CLASS ACTION LAWSUIT - COMPLAINT ALLEGATION SUMMARY:
D-Wave is in the business of developing and delivering quantum computing systems, software, and services.
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company’s business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) Defendants materially overstated the company’s operational and financial prospects; (2) as a result, it was reasonably likely that D-Wave would experience a negative impact to its business and reputation; and (3) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
WHY DID D-WAVE’S STOCK DROP?
On August 6, 2026, D-Wave reported disappointing financial results for the second quarter of 2026 including, among other items, missing analysts’ revenue expectations. On this news, the price of D-Wave’s stock fell by $1.99 per share, or 9.28%, to close at $19.41 per share on August 6, 2026.
Then, on August 25, 2026, D-Wave issued a press release announcing the resignation of its CFO, effective September 2, 2026. On this news, the price of D-Wave’s stock fell $1.84 per share, or 9.51%, closing at $17.52 per share on August 26, 2026.
WHAT D-WAVE QUANTUM INC. INVESTORS CAN DO NOW:
File to be lead plaintiff by December 15, 2026.Contact KTMC for a free case evaluation. All representation is on a contingency fee basis, there is no cost to you.Retain counsel of choice or take no action.
THE LEAD PLAINTIFF PROCESS FOR D-WAVE QUANTUM INC. INVESTORS:
D-Wave investors may, no later than December 15, 2026, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
Kessler Topaz Meltzer & Check, LLP encourages D-Wave investors to contact the firm for more information.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP (KTMC):
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including being recognized in Chambers & Partners USA 2026 as a Band 1 Top Firm in Securities and Class Actions, Legal 500’s Tier 1 Rankings for Securities and M&A Litigation, The National Law Journal’s Plaintiff’s Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group’s Honor Roll of Most Feared Law Firms, The Legal Intelligencer’s Class Action Firm of the Year, Lawdragon’s Leading Plaintiff Financial Lawyers, and Law360’s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent. The complaint in this matter was not filed by KTMC.
CONTACT:
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087 [email protected]
May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
NEW YORK, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Lead Plaintiff Deadline: December 15, 2026. Investors who purchased (NASDAQ: QBTS) securities between February 26, 2026 and August 25, 2026 may be eligible to recover losses.
"Our practice focuses on restoring investor capital and ensuring corporate accountability to uphold market integrity," said Peretz Bronstein.
Bronstein, Gewirtz & Grossman, LLC ("BG&G"), a nationally recognized investor-rights law firm, announces that it has filed a securities class action lawsuit against D-Wave Quantum Inc. (NYSE: QBTS) ("D-Wave" or the "Company") and certain of its officers.
The lawsuit, captioned , Case No. 5:26-cv-11953, was filed on October 15, 2026, in the United States District Court for the Northern District of California. The action seeks to recover damages on behalf of all persons and entities that purchased or otherwise acquired D-Wave securities between February 26, 2026 and August 25, 2026, both dates inclusive (the "Class Period"), for alleged violations of the federal securities laws.
Investors are encouraged to join this case by visiting the firm's website: https://bgandg.com/cases/d-wave-quantum-inc-qbts-class_action_lawsuit/
D-Wave Case Details
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and financial prospects. Specifically, the complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that:
(1)Defendants materially overstated D-Wave's business, operational, and financial prospects; (2)The foregoing was reasonably likely to negatively impact the Company's business and reputation; and (3)As a result, Defendants' public statements were materially false and misleading at all relevant times. On August 6, 2026, D-Wave reported second-quarter revenue of $3.08 million, falling short of analysts' expectations of approximately $4.03 million to $4.08 million. On this news, D-Wave's stock price declined $1.99 per share, or 9.28%, closing at $19.41 per share.
Then, on August 25, 2026, D-Wave announced that Chief Financial Officer John Markovich would retire and resign from his position effective September 2, 2026. On this news, D-Wave's stock price fell $1.84 per share, or 9.51%, closing at $17.51 per share on August 26, 2026.
What's Next for D-Wave Investors?
Bronstein, Gewirtz & Grossman, LLC has already filed a class action lawsuit on behalf of D-Wave investors. The action is pending in the United States District Court for the Northern District of California under Case No. 5:26-cv-11953.
If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/cases/d-wave-quantum-inc-qbts-class_action_lawsuit. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in D-Wave you have until December 15, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to D-Wave Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for D-Wave Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
Follow us for updates on LinkedIn, X, Facebook, or Instagram.
Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
Attorney advertising.
Prior results do not guarantee similar outcomes.
Notice to Pension Funds, Asset Managers, and ERISA Fiduciaries: a securities lawsuit alleges D-Wave overstated its growth momentum ahead of a revenue miss and a CFO departure. Institutional investor securities recovery options are now under review.
, /PRNewswire/ -- Levi & Korsinsky, LLP notifies institutional investors in D-Wave Quantum Inc. (NYSE: QBTS) that a class action lawsuit has been filed on behalf of shareholders who purchased securities between February 26, 2026 and August 25, 2026. Request an institutional investor loss assessment. You may also contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.
A fund that held 100,000 QBTS shares through both August 2026 disclosure days lost roughly $383,000 in market value. A 1,000,000-share position shed approximately $3.83 million, based on combined declines of $3.83 per share. Those wishing to serve as lead plaintiff must act by December 15, 2026.
Portfolio Impact Assessment for QBTS Holders
The securities action alleges that D-Wave materially overstated its business and financial prospects during the Class Period. It further alleges that this overstatement was reasonably likely to damage the Company's business and reputation. QBTS fell after D-Wave reported second quarter 2026 revenue below analyst expectations on August 6, 2026, and fell again after the Company announced on August 25, 2026 that its chief financial officer would retire.
Quantum computing stocks may sit inside thematic technology, small-cap growth, and index-tracking mandates. As a result, a single plan sponsor may have recorded QBTS losses across several accounts and sub-advisers.
Institutional Investor Recovery: ERISA and Fiduciary Considerations
Trustees and investment committees overseeing ERISA plans, public pensions, and endowments may wish to confirm whether their portfolios bought D-Wave securities during the Class Period. They may also wish to weigh participation in the case against their duties to beneficiaries.
"Institutional investors play a critical role in securities class actions, especially in a case like this one. Here, the complaint alleges that upbeat growth messaging gave way to a quarterly revenue shortfall and, less than three weeks later, the departure of the Company's chief financial officer. Fiduciaries with meaningful D-Wave exposure may want to review their Class Period purchases while the lead plaintiff window remains open," said Joseph E. Levi, Esq.
Fiduciary Obligations and Recovery Options
Class Period alignment: Purchases or acquisitions of D-Wave securities from February 26, 2026 through August 25, 2026 define potential class membership, whether or not the shares are still held. Lead plaintiff consideration: Courts typically favor the movant with the largest financial interest. This can position institutions with sizable QBTS holdings to oversee the case and its counsel. Passive participation: Funds that do not seek appointment may still share in any recovery as absent class members. Cost: Reviewing QBTS trading data with the firm involves no out-of-pocket fees. Records: Gather custodial statements and trade files from every manager and sub-adviser that held QBTS during the Class Period. Contact us to learn more about institutional recovery options or call (212) 363-7500.
INSTITUTIONAL INVESTOR REPRESENTATION — Levi & Korsinsky, LLP provides sophisticated counsel to institutional investors evaluating lead plaintiff opportunities. The firm has recovered hundreds of millions of dollars. Ranked among ISS Top 50 for seven consecutive years.
Frequently Asked Questions About the QBTS Lawsuit
Q: When did D-Wave Quantum Inc. allegedly mislead investors? A: The Class Period runs from February 26, 2026 to August 25, 2026. The complaint alleges that corrective disclosures revealed information that caused a significant stock decline.
Q: What court was the QBTS class action filed in? A: The case was filed in the United States District Court for the Northern District of California, governed by the Private Securities Litigation Reform Act of 1995.
Q: Who are the defendants named in the QBTS lawsuit? A: The complaint names D-Wave Quantum Inc. and individual defendants including CEO Alan Baratz and CFO John M. Markovich.
Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.
Q: What happens after I contact Levi & Korsinsky? A: An attorney will review your trading history at no cost and provide an initial assessment of your potential eligibility.
Q: What if I already sold my QBTS shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.
Q: What if I live outside the United States? A: U.S. securities class actions generally cover purchases on U.S. exchanges regardless of the investor's country of residence.
Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in the securities class action, they are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
IonQ and D-Wave both build quantum computers, but their hardware choices put them on completely different trajectories right now, and that gap is forcing investors to pick a side before the payoff arrives.
IonQ (NYSE:IONQ | IONQ Price Prediction) and D-Wave Quantum (NYSE:QBTS) reported second-quarter results one day apart in August. The two reports reflect different hardware strategies. IonQ’s revenue jumped on the back of a broad trapped-ion platform. D-Wave signed large annealing deals that have not reached its income statement yet. With both stocks down sharply this year, the hardware each company chose now influences the investment case.
Trapped Ions Bring In Revenue While Annealing Piles Up Bookings IonQ’s revenue rose 286.8% to $80.05M, beating the $66.42M consensus. Acquisitions account for part of that jump, but organic growth of 132% shows the core business is still growing fast. Customers buy Tempo systems, ClavisXG Multiplex encryption, sensing gear and space terminals, and multi-product sales made up about 25% of revenue. Management summed up its view: “Our conviction is that quantum, like classical before it, ultimately scales on a semiconductor foundation.”
D-Wave brought in $3.08M in revenue, missing the $4.03M estimate. Bookings look much better. First-half bookings reached $35.5M, up from $2.9M, and that includes a $20 million system sold to Florida Atlantic University. AT&T (NYSE:T) used annealing to cut a network optimization job from 1 hour to under 15 seconds. Chief Executive Alan Baratz said “only our annealing systems are capable today of delivering true commercial production value.” Keeping that lead costs money, though: operating expenses nearly doubled to $54.98M.
Business Driver IonQ D-Wave Core Hardware Trapped ions, moving to electronic control Superconducting annealing plus gate-model Revenue Engine Systems, security, networking, space Leap cloud service, system sales Remaining Performance Obligations $485 million $40.7M One Builds a Foundry While the Other Sells Optimization Now IonQ closed its $1.8 billion SkyWater acquisition, so it now controls every step from chip design to manufacturing in U.S. facilities. It is also changing from laser control to electronic qubit control, and it plans to commission its 256-qubit system in the first half of 2027. That makes IonQ a long-horizon call option on universal quantum computing.
D-Wave runs six customer applications in production, and commercial relevance for its gate-model program depends on reaching 100 logical qubits by 2032. Forbes Global 2000 companies now supply 47.7% of revenue, up from 20.4%. Enterprise demand is real, even if the dollar amounts are still small.
Fourth-Quarter Deliveries Will Test Both Stories D-Wave expects fourth-quarter revenue to make up the majority of the year’s total. I will be watching whether the university system gets installed on schedule. For IonQ, watch the combined guidance that includes SkyWater, and whether the $280M to $290M outlook holds up during integration.
Cash, Backlog and Dilution Shape Both Investment Cases Investors have sold off both stocks. IonQ is down 30.33% this year and D-Wave is down 54.95%, a steeper fall than IonQ’s. IonQ’s $1.24B in cash and its large backlog give it room to execute. Still, $141.8M in quarterly stock-based pay dilutes shareholders, and that concerns me. D-Wave offers proof of enterprise adoption today. Fourth-quarter revenue will show whether that adoption converts into sales.
Contact [email protected] for any questions or corrections.
New York, New York--(Newsfile Corp. - October 20, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against D-Wave Quantum Inc. ("D-Wave" or the "Company") (NASDAQ: QBTS) on behalf of investors that purchased or otherwise acquired D-Wave securities between February 26, 2026 and August 25, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in D-Wave and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than December 14, 2026 for an opportunity to be lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
The complaint alleges that throughout the Class Period, Defendants materially overstated D-Wave's operational and financial prospects.
According to the complaint, the truth started to emerge on August 6, 2026, when D-Wave announced its financial results for the second quarter of 2026, including reporting revenue of just $3.08 million, compared to $3.1 million for the same period in the prior year, falling short of analyst expectations ranging from $4.03 million to $4.08 million. On this news, D-Wave's stock price declined $1.98 per share, or 9.28%, to close at $19.41 per share on August 6, 2026.
Then, on August 25, 2026, the complaint alleges D-Wave issued a press release "announc[ing] that John Markovich is retiring and thus resigning from his position as Chief Financial Officer effective September 2, 2026." Following this news, D-Wave's stock price fell $1.84 per share, or 9.51%, closing at $17.51 per share on August 26, 2026.
CLICK HERE TO LEARN MORE
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
Why: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of D-Wave Quantum Inc. (NASDAQ: QBTS) between February 26, 2026 and August 25, 2026, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026.
So what: If you purchased D-Wave securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
What to do next: To join the D-Wave class action, go to https://rosenlegal.com/cases/dwave-quantum-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Details of the case: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) D-Wave's Bookings had declined in 2025; (2) D-Wave's purported record 2026 Bookings did not reflect new or expanding commercial adoption, because they consisted predominantly of two contracts signed before the Class Period and, upon information and belief, no comparable new contracts were being secured; (3) upon information and belief, D-Wave was not on track to convert its system-sales pipeline into new Bookings; (4) upon information and belief, the delivery of D-Wave's systems, and the associated revenue, was slipping to the fourth quarter of 2026 and into 2027; and (5) as a result, defendants' positive statements about D-Wave's business, operations, and prospects lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the D-Wave class action, go to https://rosenlegal.com/cases/dwave-quantum-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
New York, New York--(Newsfile Corp. - October 20, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of D-Wave Quantum Inc. (NASDAQ: QBTS) between February 26, 2026 and August 25, 2026, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026.
SO WHAT: If you purchased D-Wave securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the D-Wave class action, go to https://rosenlegal.com/cases/dwave-quantum-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) D-Wave's Bookings had declined in 2025; (2) D-Wave's purported record 2026 Bookings did not reflect new or expanding commercial adoption, because they consisted predominantly of two contracts signed before the Class Period and, upon information and belief, no comparable new contracts were being secured; (3) upon information and belief, D-Wave was not on track to convert its system-sales pipeline into new Bookings; (4) upon information and belief, the delivery of D-Wave's systems, and the associated revenue, was slipping to the fourth quarter of 2026 and into 2027; and (5) as a result, defendants' positive statements about D-Wave's business, operations, and prospects lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the D-Wave class action, go to https://rosenlegal.com/cases/dwave-quantum-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320048
Source: The Rosen Law Firm PA
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SHAREHOLDER ALERT: Bronstein Gewirtz & Grossman, LLC Announces Class Action Against D-Wave Quantum Inc. (NASDAQ: QBTS) -- Investors Who Suffered Losses Are Encouraged to Contact the Firm.PR Newswire
NEW YORK, Oct. 20, 2026
, /PRNewswire/ -- Lead Plaintiff Deadline: December 15, 2026. Investors who purchased (NASDAQ: QBTS) securities between February 26, 2026 and August 25, 2026 may be eligible to recover losses.
Bronstein, Gewirtz & Grossman, LLC ("BG&G"), a nationally recognized investor-rights law firm, announces that it has filed a securities class action lawsuit against D-Wave Quantum Inc. (NYSE: QBTS) ("D-Wave" or the "Company") and certain of its officers.
The lawsuit, captioned , Case No. 5:26-cv-11953, was filed on October 15, 2026, in the United States District Court for the Northern District of California. The action seeks to recover damages on behalf of all persons and entities that purchased or otherwise acquired D-Wave securities between February 26, 2026 and August 25, 2026, both dates inclusive (the "Class Period"), for alleged violations of the federal securities laws.
Investors are encouraged to join this case by visiting the firm's website: https://bgandg.com/cases/d-wave-quantum-inc-qbts-class_action_lawsuit/
D-Wave Case Details
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and financial prospects. Specifically, the complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that:
Defendants materially overstated D-Wave's business, operational, and financial prospects;The foregoing was reasonably likely to negatively impact the Company's business and reputation; andAs a result, Defendants' public statements were materially false and misleading at all relevant times.On August 6, 2026, D-Wave reported second-quarter revenue of $3.08 million, falling short of analysts' expectations of approximately $4.03 million to $4.08 million. On this news, D-Wave's stock price declined $1.99 per share, or 9.28%, closing at $19.41 per share.
Then, on August 25, 2026, D-Wave announced that Chief Financial Officer John Markovich would retire and resign from his position effective September 2, 2026. On this news, D-Wave's stock price fell $1.84 per share, or 9.51%, closing at $17.51 per share on August 26, 2026.
What's Next for D-Wave Investors?
Bronstein, Gewirtz & Grossman, LLC has already filed a class action lawsuit on behalf of D-Wave investors. The action is pending in the United States District Court for the Northern District of California under Case No. 5:26-cv-11953.
If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/cases/d-wave-quantum-inc-qbts-class_action_lawsuit. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in D-Wave you have until December 15, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to D-Wave Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for D-Wave Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
Follow us for updates on LinkedIn, X, Facebook, or Instagram.
Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
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Prior results do not guarantee similar outcomes.
View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz--grossman-llc-announces-class-action-against-d-wave-quantum-inc-nasdaq-qbts--investors-who-suffered-losses-are-encouraged-to-contact-the-firm-302912377.html
LOS ANGELES, Oct. 20, 2026 (GLOBE NEWSWIRE) -- Schall, Brown & Schwartz LLP (“SBS”), a national shareholder rights litigation firm, reminds investors of a class action lawsuit against D-Wave Quantum Inc. (“D-Wave” or “the Company”) (NASDAQ: QBTS) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of QBTS during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: February 26, 2026 to August 25, 2026
DEADLINE: December 15, 2026
If you are a shareholder who suffered a loss, click here to participate.
CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. D-Wave materially misled investors about the strength of its operations and financial prospects. The Company was likely to suffer reputational damage when the truth was revealed. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about D-Wave, investors suffered damages.
We also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
Join the case to recover your losses
WHY SBS? Schall, Brown & Schwartz LLP represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Bringing together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is dedicated to aggressively advocating for every investor.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
Schall, Brown & Schwartz LLP
Brian Schall, Esq.,
Andrew Brown, Esq.,
David Schwartz, Esq.,
www.schallfirm.com
Office: 310-301-3335 [email protected]
Key Takeaways QBTS held $546.2M in cash and securities as of June 2026-end, down 33% largely due to Quantum Circuits.
Adjusted EBITDA loss widened to $69.9M in the first half of 2026 as D-Wave increased development spending.
D-Wave's QCaaS subscription revenues grew over 30%, while bookings reached $35.5M in the first half of 2026.
D-Wave Quantum (QBTS - Free Report) retains substantial liquidity to fund product development and commercial expansion despite a decline in cash following its Quantum Circuits acquisition. As of June 30, 2026, cash and marketable securities totaled $546.2 million, down 33% from $819.3 million a year earlier. More than 90% of the decline was linked to the approximately $250 million cash consideration paid for the acquisition.
However, D-Wave continues to increase spending on product development and go-to-market initiatives. Adjusted EBITDA loss widened to $69.9 million in the first half of 2026 from $26.1 million a year earlier. Its liquidity provides flexibility to advance both annealing and gate-model quantum computing technologies.
The company is also expanding its quantum computing-as-a-service (QCaaS) business. First-half subscription revenues rose more than 30% year over year to $3.6 million. Bookings reached $35.5 million, while remaining performance obligations totaled $40.7 million at the end of June, providing visibility into future contracted revenues.
Stockholders' equity totaled $1.08 billion. Overall, D-Wave's liquidity and contracted business provide resources to support its technology roadmap and commercial expansion. However, continued investment and rising operating losses remain important factors in assessing its financial runway.
Peer UpdateIonQ (IONQ - Free Report) ended June 2026 with about $3.0 billion of cash, cash equivalents, restricted cash and investments before the SkyWater closing. After subtracting cash used for the acquisition, cash equivalents and investments were about $2.0 billion.
IONQ’s remaining performance obligations rose to $485 million as of June 30, 2026, from $470 million as of March 31, 2026, and the company expects about half of the June balance to convert to revenues within the next 12 months. This provides multi-quarter visibility as IonQ funds R&D, manufacturing and go-to-market investment. Operating cash outflow totaled $254.8 million in the first half of 2026, underscoring the importance of maintaining adequate liquidity to support ongoing investments.
Microsoft’s (MSFT - Free Report) heavy infrastructure spending is absorbing a growing share of its operating cash generation. Cash, cash equivalents and short-term investments totaled $76.8 billion as of June 30, 2026, down from $94.6 billion a year earlier. Cash flow from operations rose about 30% year over year to $55.4 billion in fourth-quarter fiscal 2026, but free cash flow fell 23% to $19.6 billion as investment accelerated.
MSFT expects free cash flow to return to positive growth during fiscal 2027, so execution on that recovery matters as capital expenditures remain elevated. MSFT’s property and equipment, net, increased to $313.1 billion from $205.0 billion a year earlier, expanding the asset base that must earn adequate returns. Long-term debt, including the current portion, amounted to $31.1 billion as of fiscal 2026-end, leaving less financial flexibility if AI infrastructure develops more slowly than expected.
, /PRNewswire/ -- Lead Plaintiff Deadline: December 15, 2026. Investors who purchased (NASDAQ: QBTS) securities between February 26, 2026 and August 25, 2026 may be eligible to recover losses.
Bronstein, Gewirtz & Grossman, LLC ("BG&G"), a nationally recognized investor-rights law firm, announces that it has filed a securities class action lawsuit against D-Wave Quantum Inc. (NYSE: QBTS) ("D-Wave" or the "Company") and certain of its officers.
The lawsuit, captioned , Case No. 5:26-cv-11953, was filed on October 15, 2026, in the United States District Court for the Northern District of California. The action seeks to recover damages on behalf of all persons and entities that purchased or otherwise acquired D-Wave securities between February 26, 2026 and August 25, 2026, both dates inclusive (the "Class Period"), for alleged violations of the federal securities laws.
Investors are encouraged to join this case by visiting the firm's website: https://bgandg.com/cases/d-wave-quantum-inc-qbts-class_action_lawsuit/
D-Wave Case Details
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and financial prospects. Specifically, the complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that:
Defendants materially overstated D-Wave's business, operational, and financial prospects; The foregoing was reasonably likely to negatively impact the Company's business and reputation; and As a result, Defendants' public statements were materially false and misleading at all relevant times. On August 6, 2026, D-Wave reported second-quarter revenue of $3.08 million, falling short of analysts' expectations of approximately $4.03 million to $4.08 million. On this news, D-Wave's stock price declined $1.99 per share, or 9.28%, closing at $19.41 per share.
Then, on August 25, 2026, D-Wave announced that Chief Financial Officer John Markovich would retire and resign from his position effective September 2, 2026. On this news, D-Wave's stock price fell $1.84 per share, or 9.51%, closing at $17.51 per share on August 26, 2026.
What's Next for D-Wave Investors?
Bronstein, Gewirtz & Grossman, LLC has already filed a class action lawsuit on behalf of D-Wave investors. The action is pending in the United States District Court for the Northern District of California under Case No. 5:26-cv-11953.
If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/cases/d-wave-quantum-inc-qbts-class_action_lawsuit. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in D-Wave you have until December 15, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to D-Wave Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for D-Wave Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
Follow us for updates on LinkedIn, X, Facebook, or Instagram.
Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
Attorney advertising.
Prior results do not guarantee similar outcomes.
Just weeks before the next round of earnings from many of the leading pure-play companies, the quantum computing industry seems to be focused on error correction. Quantinuum Inc. NASDAQ: QNT recently announced that it broke the global error-correction record by 10x, reducing logical errors tenfold compared with its previous record, while Alphabet Inc. NASDAQ: GOOGL has demonstrated that its "magic state" technology can reduce errors by 40x on its Willow processor.
D-Wave Quantum Today
$11.64 -0.19 (-1.60%)
As of 09:41 AM Eastern
This is a fair market value price provided by Massive. Learn more.
$11.35▼
$37.62$36.27
Still, with these technological advances dominating headlines, it can be easy to overlook more material achievements across the industry.
Get D-Wave Quantum alerts:
That is exactly what has happened with D-Wave Quantum Inc. NASDAQ: QBTS, whose shares have fallen by nearly a third in the last month even as it has announced multiple promising operational updates.
The company has leaned into its R&D achievements in recent months—including a beta program for its gate-model simulator earlier in the fall—but what investors have really been seeking is proof that the company can grow its revenue and keep costs down.
Two recent updates—an expanding partnership with quantum foundry SkyWater Technology and the delivery of Italy's first-ever annealing quantum computing system—may help to give investors what they are looking for.
SkyWater Partnership Could Help Efficiency, Reduce CostsD-Wave has a long-standing partnership with SkyWater, the first domestic quantum foundry and now an IonQ subsidiary, but expanded its collaboration as of mid-October 2026 via a new multi-year agreement. Because the foundry has already supported D-Wave's development of its Advantage2 processors in recent years, as well as numerous other projects over the last decade, it has close knowledge of D-Wave's products and manufacturing needs.
This could be key to helping the quantum firm keep its costs down, and a newly efficient manufacturing process may be key. D-Wave claims that the optimized maintenance schedule implemented by SkyWater could reduce lot delays by up to 30%, with benefits for factory throughput.
D-Wave's costs are considerable: its adjusted EBITDA loss widened by 85% year over year (YOY) last quarter. A substantial portion of those costs is tied up in production, and if SkyWater can help make manufacturing more efficient—and, in turn, less expensive—it could go a long way toward improving D-Wave's bottom line. How long it may take for this impact to show up on D-Wave's earnings reports, however, remains to be seen.
A New Annealing Quantum System for Italy Reminds Investors of DemandD-Wave's recent gate-model quantum efforts, including its beta simulator, might suggest to investors that it is leaning heavily into this more traditional aspect of quantum technology while potentially losing focus on its other priority: annealing tech. With the delivery of a 4,400+-qubit Advantage2 system to Lombardy, Italy, however, the company reminds investors that it remains a leading annealing provider and that this technology still has real revenue potential.
Annealing may be better suited than other quantum technologies to optimization problems, and this latest delivery demonstrates continued interest among large institutional and organizational clients in this technology. By achieving critical physical infrastructure on the ground in Italy, D-Wave can further solidify its foothold in Europe.
Current Price$11.83High Forecast$44.00Average Forecast$36.27Low Forecast$22.00D-Wave Quantum Stock Forecast Details
It's important to keep in mind what the Italian quantum installation does not mean, however: a diversified revenue stream or one that is likely to generate recurring revenue at the rate that many investors are hoping for. D-Wave’s reliance on one-off sales of major systems like this has made its revenue lumpy in the past, increasing the risk of disappointing earnings reports and making it harder to convince investors that it deserves higher analyst ratings.
In this way, the Italy deployment is perhaps not the game-changer that D-Wave needs in order to keep pace with some of its rivals. Still, fulfilling a major agreement is notable nonetheless, even if it may not be enough to establish a more consistent, long-term revenue stream.
Meanwhile, D-Wave shares are now down around 55% year to date (YTD). While the broader quantum computing sector has faced a sell-off in 2026, QBTS stock has experienced one of the steepest declines. Analyst price targets suggest the share price could triple, but investors may be waiting for a stronger catalyst than either of the two announcements above before buying again. Investors particularly bullish on D-Wave, however, may find that the current scenario—with a depressed share price and some recent operational successes just a few weeks out from the next expected earnings report—provides an attractive time to buy the dip. Even so, neither announcement necessarily points to an immediate rebound in the share price.
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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In D-Wave Quantum To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in D-Wave Quantum between February 26, 2026 and August 25, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - October 20, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against D-Wave Quantum Inc. (""D-Wave Quantum" or the "Company") (NASDAQ: QBTS) and reminds investors of the December 15, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Defendants materially overstated D-Wave's business and financial prospects; (ii) the foregoing was reasonably likely to negatively impact the Company's business and reputation; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times.
On August 6, 2026, D-Wave announced its financial results for the second quarter of 2026, reporting revenue of just $3.08 million, compared to $3.1 million for the same period in the prior year, falling short of analyst expectations ranging from $4.03 million to $4.08 million. On this news, D-Wave's stock price declined $1.99 per share, or 9.28%, to close at $19.41 per share on August 6, 2026.
On August 25, 2026, D-Wave issued a press release "announc[ing] that John Markovich is retiring and thus resigning from his position as Chief Financial Officer effective September 2, 2026." On this news, D-Wave's stock price fell $1.84 per share, or 9.51%, closing at $17.51 per share on August 26, 2026.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding D-Wave Quantum's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the D-Wave Quantum class action, go to www.faruqilaw.com/QBTS or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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Frequently Asked Questions (FAQ) for Investors Regarding the D-Wave Quantum Securities Class Action Lawsuit:
What is the D-Wave Quantum securities fraud lawsuit about?
The lawsuit alleges that D-Wave Quantum Inc. and certain of its officers and directors made materially false and misleading statements and/or failed to disclose material information during the Class Period. Specifically, the complaint alleges that Defendants materially overstated D-Wave's business and financial prospects, and that this alleged misrepresentation was reasonably likely to negatively impact the Company's business and reputation. As a result, the lawsuit alleges that Defendants' public statements were materially false and misleading at all relevant times during the Class Period. The action was filed on behalf of investors who suffered damages as a result of their reliance on those allegedly false and misleading statements.
Who may be eligible to participate in the lawsuit?
Investors who purchased or otherwise acquired D-Wave Quantum Inc. (NASDAQ: QBTS) securities between February 26, 2026 and August 25, 2026, inclusive, may be eligible to participate in this lawsuit. Eligibility is not limited to those who seek appointment as lead plaintiff; any class member who suffered losses during the Class Period may potentially share in any recovery obtained. Investors are encouraged to review their trading records for the relevant period to assess whether they purchased QBTS securities during the Class Period. Faruqi & Faruqi, LLP invites potentially affected investors to contact the firm to discuss their legal rights and options.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff is a court-appointed representative who acts on behalf of all class members and plays an active role in directing the litigation, including working with counsel to make key strategic decisions in the case. Any investor who purchased D-Wave Quantum securities during the Class Period and suffered a loss may move the court for appointment as lead plaintiff by the applicable lead plaintiff deadline. Courts typically appoint the movant with the largest financial interest in the relief sought, provided that movant satisfies the relevant legal requirements. Importantly, investors need not serve as lead plaintiff to share in any recovery that may be obtained; class members who do not seek appointment may still participate in any settlement or judgment.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased D-Wave Quantum securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319762
Source: Faruqi & Faruqi LLP
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Rosen Law Firm Urges D-Wave Quantum Inc. (NASDAQ: QBTS) Stockholders to Contact the Firm for Information About Their Rights
Rosen Law Firm, a global investor rights law firm, announces a class action on behalf of purchasers of securities of D-Wave Quantum Inc. (NASDAQ: QBTS) between February 26, 2026 and August 25, 2026, inclusive (the “Class Period”). D-Wave develops and sells quantum computing systems and services.
For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653.
The Allegations: Rosen Law Firm is Investigating the Allegations that D-Wave Quantum Inc. (NASDAQ: QBTS) Misled Investors Regarding its Business Operations.
According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) D-Wave's Bookings had declined in 2025; (2) D-Wave's purported record 2026 Bookings did not reflect new or expanding commercial adoption, because they consisted predominantly of two contracts signed before the Class Period and, upon information and belief, no comparable new contracts were being secured; (3) upon information and belief, D-Wave was not on track to convert its system-sales pipeline into new Bookings; (4) upon information and belief, the delivery of D-Wave's systems, and the associated revenue, was slipping to the fourth quarter of 2026 and into 2027; and (5) as a result, defendants' positive statements about D-Wave's business, operations, and prospects lacked a reasonable basis.
When the true details entered the market, the lawsuit claims that investors suffered damages.
What Now: You may be eligible to participate in the class action against D-Wave Quantum Inc. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by December 15, 2026. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Rosen Law Firm: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $2 billion for shareholders.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20261019674773/en/
Disclosures
I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of D-Wave Quantum Inc. (NASDAQ: QBTS) between February 26, 2026 and August 25, 2026, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026.
SO WHAT: If you purchased D-Wave securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the D-Wave class action, go to https://rosenlegal.com/cases/dwave-quantum-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) D-Wave's Bookings had declined in 2025; (2) D-Wave's purported record 2026 Bookings did not reflect new or expanding commercial adoption, because they consisted predominantly of two contracts signed before the Class Period and, upon information and belief, no comparable new contracts were being secured; (3) upon information and belief, D-Wave was not on track to convert its system-sales pipeline into new Bookings; (4) upon information and belief, the delivery of D-Wave's systems, and the associated revenue, was slipping to the fourth quarter of 2026 and into 2027; and (5) as a result, defendants' positive statements about D-Wave's business, operations, and prospects lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the D-Wave class action, go to https://rosenlegal.com/cases/dwave-quantum-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
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NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces a class action on behalf of purchasers of securities of D-Wave Quantum Inc. (NASDAQ: QBTS) between February 26, 2026 and August 25, 2026, inclusive (the “Class Period”). D-Wave develops and sells quantum computing systems and services.For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653.The Allegations: Rosen Law Firm is Investigating the Allegations that D-Wave Q.
[url="]Kessler Topaz Meltzer and Check, LLP (www.ktmc.com)[/url], a nationally recognized securities litigation law firm, informs investors that a securities frau
RADNOR, Pa.--(BUSINESS WIRE)--Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against D-Wave Quantum Inc. (D-Wave) (NASDAQ: QBTS) on behalf of those who purchased or acquired D-Wave securities between February 26, 2026 and August 25, 2026, inclusive. The lawsuit is filed in the United States District Court for the Northern District of California and is cap.
Listen to the audio version of this article (generated by AI).
Tom Yeung here with your Sunday Digest.
In 1999, the legendary value investor Bill Miller walked out of a meeting with executives from Amazon.com Inc. (AMZN).
Miller was convinced he’d found the most capital-efficient retailer ever created. In a Barron’s article, he detailed how Amazon was potentially the future of shopping and concluded that the “payoff for being right is high.”
His Legg Mason Capital Management fund bought millions of shares for an average cost of $1.50, adjusted for splits.
Miller was right. Eventually.
Today, Amazon is worth over $250 a share. The company towers over the retail landscape, dominating areas like books, smart home devices, and household goods. It’s now hard to remember life without same-day shipping.
But Miller lost a lot of money on Amazon at first.
You see, the fund manager began buying shares right as the dot-com bubble was bursting. Amazon’s stock would fall to $0.30, and Miller’s position was in the red for years.
That’s why I warned you about buying quantum computing stocks last month. Even though shares of these companies will likely do fantastically over the next decade, their risky nature means you could lose a lot of money at first. Much like investing in Amazon in the 1990s, you need a 10-plus year horizon to buy quantum stocks today, if you plan on using a buy-and-hold strategy.
However, our resident trading expert, Jonathan Rose, is more interested in generating returns today.
In fact, he’s so confident in his trading system that he’s calling his latest free presentation the $10K to $100K Challenge. In it, he outlines how his system spots the tiny clues that professional traders leave behind, opening the door to more immediate returns… the sort that can turn $10,000 into $100,000 in just a year.
He will also make available three of his top trades after that presentation. And today, I’ve been given permission to reveal one of his three picks.
To learn more about the other two, click here to watch the replay of Jonathan’s $10K to $100K Challenge.
A Quantum Leap Forward
Quantum computers have long been the “holy grail” of computing. That’s because the subatomic particles described by quantum physics are not limited by the binary “0s” and “1s” of ordinary computers. Instead, quantum “bits” can live between “0” and “1” as well.
The possibilities here are vast. Quantum computers will be able to perform enormous numbers of calculations at the same time. They will also be able to break modern encryption, develop new drugs, and maybe even train AI models. I expect the industry to be worth trillions in a decade or so, and I highlighted three top contenders last month with the technology that could get us there.
However, those seeking shorter-term gains might want to consider D-Wave Quantum Inc. (QBTS), one of Jonathan’s recommendations in his $10K to $100K Challenge.
Let’s start with some background on the company…
A Business and a Bet
D-Wave began in 1999 as a spinout from the University of British Columbia in Vancouver. For the first 10 years, it was a physics project with not much of a business model. But in 2011, D-Wave became the first company to ever sell a quantum machine when Lockheed Martin Corp. (LMT) bought one for about $10 million.
D-Wave was so early because it used a relatively limited version of quantum computing known as annealing. It’s a narrow approach that can only do one thing: Find the lowest point.
There’s no encryption breaking. No drug molecule simulations. No Shor’s algorithm.
Instead, D-Wave’s computers can only do optimization problems, like finding the lowest point in a mountain range, or the shortest trip a postal worker can make. That makes D-Wave’s “computers” more like a wind tunnel – a useful tool, but good at only one task. That is not enough to turn D-Wave into a $100 billion company.
That’s almost certainly why D-Wave bought Quantum Circuits earlier this year for $800 million. That Yale University spinout is working on a more general-purpose quantum computer that now puts D-Wave on a better track to reaching the “holy grail” of computing.
The Bet Worth Taking
The obvious problem with D-Wave today is the same one that Bill Miller faced in 1999 with Amazon:
You know a new technology is a game changer, but it’s not clear when to get in.
Jonathan Rose’s system looks to solve this. By tracking “smart money” activity, his system detects when and where Wall Street is placing their bets and picks out which names are most likely to break out. It’s helped him navigate markets for over two decades, and he continues to use it to find the most promising bets for further investigation.
The system is now flagging D-Wave as a potential breakout stock.
Since the end of July, traders have been making major bullish bets on D-Wave. Open interest on bullish positions has more than doubled since July, while bearish positions are only up 67%. This has happened even as D-Wave’s stock was going down.
The positive bets are particularly noticeable for contracts expiring in late Q1 2027. The heavy bullish trading activity centered around that period suggests that Wall Street is convinced D-Wave will make a major upward move by March of next year.
So, why might Wall Street’s “smart money” buy a quantum stock that’s down 57% since June?
It certainly has nothing to do with quantum technology itself. A useful general-purpose quantum computer won’t appear until at least 2030, and I don’t expect D-Wave to get there first. Alphabet Inc. (GOOGL) is much further along.
But the interesting thing about tactical trading in D-Wave is that it does not depend on quantum computing at all. Instead, it’s all about certain announcements happening as scheduled.
The Bear Case is Breaking
For nine years D-Wave’s short sellers have had one argument: Revenue never comes.
Quarter after quarter, D-Wave has announced disappointing sales numbers that barely dented its nine-figure cost base. In fact, the company has now missed revenue estimates in 14 of its past 17 quarters. It’s why short interest has risen from around 10% of floated shares in 2024 to 16% in 2025, and almost 20% today.
The sharks are circling because there’s so much blood in the water.
The tide is finally turning. For the first time in the company’s history, D-Wave now has a meaningful amount of contracted revenues on its balance sheet. The company signed a $20 million contract with Florida Atlantic University in January, which helped bring its overall backlog to $40.7 million, up 688% in a year. It expects to convert more than half of that backlog into revenues by year-end.
That means fourth-quarter revenue estimates of $32 million are no longer just built on hope. The company finally has contracts it can convert into revenue, and its year-end numbers published in February should show a historic “surge” in sales.
That would suddenly change the optics for QBTS. The quantum computing firm would transform from a near-zero revenue company to one that looks like a hypergrowth firm. That alone could be enough to lure in new money that chases out the short sellers.
Rushing for the Exits
Chasing out the shorts deserves a special mention. D-Wave is currently a highly shorted stock, and these bearish traders are now sitting on large paper profits that can evaporate in an instant. If the stock suddenly shoots up (whether from rising revenues or swarm buying), every dollar of gains for long holders is a dollar of loss for these bears.
And here’s the thing: When short sellers close out, they need to buy the stock, not sell. That creates an upward pull on share prices, causing even more short sellers to close out, and so on.
This vicious cycle of buying is called a short squeeze, and it is every short seller’s worst nightmare.
So, how likely is it to happen to D-Wave?
As Eric Fry explains in a recent Fry’s Investment Report update (subscription required), the risk of a short squeeze is summed up by one measure known as “days to cover”:
Professional short sellers gauge crowding with a simple yardstick called “days to cover.” It answers one question: If every short seller tried to buy back their shares at once, how many days of normal trading would it take to get the job done?
Today, D-Wave’s 71 million shorted shares would take 4.5 days to unload, roughly the same amount of time it would take GameStop Corp.’s (GME) short sellers to exit. And because D-Wave is even more volatile than GameStop (since it is a smaller firm), the risk of a squeeze is even higher.
We saw this firsthand in September 2025, when QBTS surged from $15 to almost $40 within a month. Quantum stocks saw renewed investor interest, and the initial rise was compounded as short sellers cut their positions.
What should have been a minor rally in QBTS turned into a bonanza for the longs.
D-Wave’s “days to cover” number is now even higher than in 2025. And so, if the stock begins to rally, we could easily see shares going into the mid-$20 range on short covering.
Turning a Good Idea into a Great Trade
Now, I must note that a tactical position in QBTS is very risky. The company is still losing money, and the expected Q4 sales boost won’t come close to helping D-Wave break even.
Analysts expect net losses to hit $102 million this year, driven by heavy spending on research, sales, and stock-based compensation. Next year looks even worse as R&D spending ramps up.
That’s why investors need a way to tilt the odds further in their favor.
To do this, Jonathan uses a particular type of trade that will benefit if QBTS moves higher through March 2027. The maximum amount you can lose is the money you put in – much like what happens when a stock goes to zero. For a speculative company like D-Wave, this is always a real possibility.
But if QBTS doubles to $25, Jonathan’s strategy would net you a 6X increase by March, rather than the 2X rise had you just bought the stock outright.
Now, if this sounds too good to be true, I’d like you to watch Jonathan’s presentation. In it, he explains exactly how he sets his trades up for such lopsided gains, how to know when it’s time to cut losses, and how you too can use his system to identify potential winners and make the right kinds of trades.
We know D-Wave is an extremely risky stock in the short term. So, we might as well set up any wager to magnify gains if they materialize.
Click here to watch Jonathan’s presentation.
Until next week,
Thomas Yeung, CFA
Market Analyst, InvestorPlace
Thomas Yeung is a market analyst and portfolio manager of the Omnia Portfolio, the highest-tier subscription at InvestorPlace. He is the former editor of Tom Yeung’s Profit & Protection, a free e-letter about investing to profit in good times and protecting gains during the bad.
SAN DIEGO, Oct. 18, 2026 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of D-Wave Quantum Inc. (NASDAQ: QBTS) securities between February 26, 2026 and August 25, 2026, inclusive (the “Class Period”), have until December 15, 2026. Captioned Fessler v. D-Wave Quantum Inc., No. 26-cv-11953 (N.D. Cal.), the D-Wave class action lawsuit charges D-Wave and certain of D-Wave’s top current and former executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the D-Wave class action lawsuit, please provide your information here:
You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at [email protected].
CASE ALLEGATIONS: D-Wave engages in the development and delivery of quantum computing systems, software, and services.
The D-Wave class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) defendants materially overstated D-Wave’s business and financial prospects; (ii) the foregoing was reasonably likely to negatively impact D-Wave’s business and reputation; and (iii) as a result, defendants’ public statements were materially false and misleading at all relevant times.
On August 6, 2026, D-Wave announced its financial results for the second quarter of 2026, allegedly reporting revenue of just $3.08 million, compared to $3.1 million for the same period in the prior year, falling short of analyst expectations ranging from $4.03 million to $4.08 million. On this news, the price of D-Wave stock fell more than 9%, according to the complaint.
On August 25, 2026, D-Wave issued a press release “announc[ing] that John Markovich is retiring and thus resigning from his position as Chief Financial Officer effective September 2, 2026.” On this news, the price of D-Wave stock fell nearly 10%, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired D-Wave securities during the Class Period to seek appointment as lead plaintiff in the D-Wave class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the D-Wave class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the D-Wave class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the D-Wave class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
New York, New York--(Newsfile Corp. - October 18, 2026) - Lead Plaintiff Deadline: December 15, 2026. Investors who purchased (NASDAQ: QBTS) securities between February 26, 2026 and August 25, 2026 may be eligible to recover losses.
Bronstein, Gewirtz & Grossman, LLC ("BG&G"), a nationally recognized investor-rights law firm, announces that it has filed a securities class action lawsuit against D-Wave Quantum Inc. (NASDAQ: QBTS) ("D-Wave" or the "Company") and certain of its officers.
The lawsuit, captioned, Case No. 5:26-cv-11953, was filed on October 15, 2026, in the United States District Court for the Northern District of California. The action seeks to recover damages on behalf of all persons and entities that purchased or otherwise acquired D-Wave securities between February 26, 2026 and August 25, 2026, both dates inclusive (the "Class Period"), for alleged violations of the federal securities laws.
Investors are encouraged to join this case by visiting the firm's website: https://bgandg.com/cases/d-wave-quantum-inc-qbts-class_action_lawsuit/
D-Wave Case Details
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and financial prospects. Specifically, the complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that:
Defendants materially overstated D-Wave's business, operational, and financial prospects; The foregoing was reasonably likely to negatively impact the Company's business and reputation; and As a result, Defendants' public statements were materially false and misleading at all relevant times.On August 6, 2026, D-Wave reported second-quarter revenue of $3.08 million, falling short of analysts' expectations of approximately $4.03 million to $4.08 million. On this news, D-Wave's stock price declined $1.99 per share, or 9.28%, closing at $19.41 per share.
Then, on August 25, 2026, D-Wave announced that Chief Financial Officer John Markovich would retire and resign from his position effective September 2, 2026. On this news, D-Wave's stock price fell $1.84 per share, or 9.51%, closing at $17.51 per share on August 26, 2026.
What's Next for D-Wave Investors?
Bronstein, Gewirtz & Grossman, LLC has already filed a class action lawsuit on behalf of D-Wave investors. The action is pending in the United States District Court for the Northern District of California under Case No. 5:26-cv-11953.
If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/cases/d-wave-quantum-inc-qbts-class_action_lawsuit, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in D-Wave you have until December 15, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to D-Wave Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for D-Wave Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
Follow us for updates on LinkedIn, X, Facebook, or Instagram.
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Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319389
Source: Bronstein, Gewirtz & Grossman, LLC
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
NEW YORK, Oct. 18, 2026 (GLOBE NEWSWIRE) -- Lead Plaintiff Deadline: December 15, 2026. Investors who purchased (NASDAQ: QBTS) securities between February 26, 2026 and August 25, 2026 may be eligible to recover losses.
"Our practice focuses on restoring investor capital and ensuring corporate accountability to uphold market integrity," said Peretz Bronstein.
Bronstein, Gewirtz & Grossman, LLC ("BG&G"), a nationally recognized investor-rights law firm, announces that it has filed a securities class action lawsuit against D-Wave Quantum Inc. (NYSE: QBTS) ("D-Wave" or the "Company") and certain of its officers.
The lawsuit, captioned , Case No. 5:26-cv-11953, was filed on October 15, 2026, in the United States District Court for the Northern District of California. The action seeks to recover damages on behalf of all persons and entities that purchased or otherwise acquired D-Wave securities between February 26, 2026 and August 25, 2026, both dates inclusive (the "Class Period"), for alleged violations of the federal securities laws.
Investors are encouraged to join this case by visiting the firm's website: https://bgandg.com/cases/d-wave-quantum-inc-qbts-class_action_lawsuit/
D-Wave Case Details
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and financial prospects. Specifically, the complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that:
(1)Defendants materially overstated D-Wave's business, operational, and financial prospects; (2)The foregoing was reasonably likely to negatively impact the Company's business and reputation; and (3)As a result, Defendants' public statements were materially false and misleading at all relevant times. On August 6, 2026, D-Wave reported second-quarter revenue of $3.08 million, falling short of analysts' expectations of approximately $4.03 million to $4.08 million. On this news, D-Wave's stock price declined $1.99 per share, or 9.28%, closing at $19.41 per share.
Then, on August 25, 2026, D-Wave announced that Chief Financial Officer John Markovich would retire and resign from his position effective September 2, 2026. On this news, D-Wave's stock price fell $1.84 per share, or 9.51%, closing at $17.51 per share on August 26, 2026.
What's Next for D-Wave Investors?
Bronstein, Gewirtz & Grossman, LLC has already filed a class action lawsuit on behalf of D-Wave investors. The action is pending in the United States District Court for the Northern District of California under Case No. 5:26-cv-11953.
If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/cases/d-wave-quantum-inc-qbts-class_action_lawsuit. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in D-Wave you have until December 15, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to D-Wave Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for D-Wave Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
Follow us for updates on LinkedIn, X, Facebook, or Instagram.
Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
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Prior results do not guarantee similar outcomes.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In D-Wave Quantum To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in D-Wave Quantum between February 26, 2026 and August 25, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - October 18, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against D-Wave Quantum Inc. ("D-Wave Quantum" or the "Company") (NASDAQ: QBTS) and reminds investors of the December 15, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Defendants materially overstated D-Wave's business and financial prospects; (ii) the foregoing was reasonably likely to negatively impact the Company's business and reputation; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times.
On August 6, 2026, D-Wave announced its financial results for the second quarter of 2026, reporting revenue of just $3.08 million, compared to $3.1 million for the same period in the prior year, falling short of analyst expectations ranging from $4.03 million to $4.08 million. On this news, D-Wave's stock price declined $1.99 per share, or 9.28%, to close at $19.41 per share on August 6, 2026.
On August 25, 2026, D-Wave issued a press release "announc[ing] that John Markovich is retiring and thus resigning from his position as Chief Financial Officer effective September 2, 2026." On this news, D-Wave's stock price fell $1.84 per share, or 9.51%, closing at $17.51 per share on August 26, 2026.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding D-Wave Quantum's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the D-Wave Quantum class action, go to www.faruqilaw.com/QBTS or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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Frequently Asked Questions (FAQ) for Investors Regarding the D-Wave Quantum Securities Class Action Lawsuit:
What is the D-Wave Quantum securities fraud lawsuit about?
The lawsuit alleges that D-Wave Quantum Inc. and certain of its officers and directors made materially false and misleading statements and/or failed to disclose material information during the Class Period. Specifically, the complaint alleges that Defendants materially overstated D-Wave's business and financial prospects, and that this alleged misrepresentation was reasonably likely to negatively impact the Company's business and reputation. As a result, the lawsuit alleges that Defendants' public statements were materially false and misleading at all relevant times during the Class Period. The action was filed on behalf of investors who suffered damages as a result of their reliance on those allegedly false and misleading statements.
Who may be eligible to participate in the lawsuit?
Investors who purchased or otherwise acquired D-Wave Quantum Inc. (NASDAQ: QBTS) securities between February 26, 2026 and August 25, 2026, inclusive, may be eligible to participate in this lawsuit. Eligibility is not limited to those who seek appointment as lead plaintiff; any class member who suffered losses during the Class Period may potentially share in any recovery obtained. Investors are encouraged to review their trading records for the relevant period to assess whether they purchased QBTS securities during the Class Period. Faruqi & Faruqi, LLP invites potentially affected investors to contact the firm to discuss their legal rights and options.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff is a court-appointed representative who acts on behalf of all class members and plays an active role in directing the litigation, including working with counsel to make key strategic decisions in the case. Any investor who purchased D-Wave Quantum securities during the Class Period and suffered a loss may move the court for appointment as lead plaintiff by the applicable lead plaintiff deadline. Courts typically appoint the movant with the largest financial interest in the relief sought, provided that movant satisfies the relevant legal requirements. Importantly, investors need not serve as lead plaintiff to share in any recovery that may be obtained; class members who do not seek appointment may still participate in any settlement or judgment.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased D-Wave Quantum securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319542
Source: Faruqi & Faruqi LLP
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[url="]The DJS Law Group[/url] reminds investors of a class action lawsuit against D-Wave Quantum Inc. (âD-Waveâ or âthe Companyâ) (NASDAQ: [url="]QBTS[
LOS ANGELES--(BUSINESS WIRE)---- $QBTS--D-Wave Quantum Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – QBTS.
ATLANTA, Oct. 16, 2026 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against D-Wave Quantum Inc. (“D-Wave”) (NASDAQ: QBTS). The lawsuit alleges that Defendants made false and misleading statements and/or failed to disclose material adverse facts, including allegations that: (i) Defendants materially overstated D-Wave’s business and financial prospects; (ii) the foregoing was reasonably likely to negatively impact D-Wave’s business and reputation; and (iii) as a result, Defendants’ public statements were materially false and misleading at all relevant times.
If you purchased D-Wave shares between February 26, 2026 and August 25, 2026, and experienced a loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at [email protected], by toll-free telephone at (888) 508-6832, or by visiting the firm’s website at www.holzerlaw.com/case/d-wave-quantum/ for more information.
The deadline to ask the court to be appointed lead plaintiff in the case is December 14, 2026.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, 2022, 2023, and 2025, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.
CONTACT:
Corey D. Holzer, Esq.
(888) 508-6832 (toll-free) [email protected]
