Business Context and Reporting Period
This Form 8-K Current Report was filed by D-Wave Quantum Inc. on October 14, 2025. The filing discloses a strategic partnership announcement under Item 7.01 (Regulation FD Disclosure) regarding the company's role as a founder of the Q-Alliance initiative in Lombardy, Italy.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a strategic corporate development and does not contain financial statement data.
Material Changes
There are no material changes to financial performance reported in this document. The primary material event is the establishment of Q-Alliance, described as "The Birth of the World's Most Powerful Quantum Hub," aimed at supporting Italy's digital transformation and quantum leadership.
Guidance, Outlook, and Management Commentary
- Strategic Outlook: CEO Dr. Alan Baratz characterized the Q-Alliance formation as a historic milestone for both Italy and the quantum computing industry.
- Operational Role: D-Wave's production-grade annealing quantum computing technology is designated as a critical component of the Q-Alliance infrastructure.
- Objectives: The initiative aims to accelerate scientific discovery, industrial transformation, digital sovereignty, and the development of a quantum-ready workforce.
- Government Alignment: The project aligns with the Italian Government's strategic framework and policy guidelines promoted by Undersecretary of State Senator Alessio Butti.
Investor Verification Checklist
- Verify the specific terms and financial commitments outlined in the Memorandum of Understanding signed in Como, Italy.
- Review the attached press release (Exhibit 99.1) for details on the scope of D-Wave's infrastructure contribution.
- Assess the potential impact of this partnership on D-Wave's future revenue streams and market expansion in Europe.
- Confirm the timeline for the deployment of D-Wave's annealing technology within the Q-Alliance hub.