A securities class action has been filed against D-Wave Quantum Inc. (QBTS) on behalf of a class consisting of all persons and entities, other than Defendants, that purchased or otherwise acquired D-Wave securities between February 26, 2026 through August 25, 2026. This case has been filed in the USDC – NDCA.
On August 6, 2026, D-Wave reported its financial results for the second quarter of 2026. Among other items, D-Wave issues revenue of only $3.08 million, compared to $3.1 million for the same period in the prior year, and missing analyst expectations in the range of $4.03 million to $4.08 million.
On this news, D-Wave’s stock price fell $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%, to close at $17.51 per share on August 26, 2026.