Business Context and Reporting Period
This Form 8-K Current Report was filed by D-Wave Quantum Inc. on August 19, 2026. The filing discloses a significant change in executive leadership regarding the Chief Financial Officer position.
Key Financial Metrics
The filing does not provide specific financial statements, revenue, profit, cash flow, or debt metrics for the current period. It references historical context, noting that the departing CFO helped raise over $900 million in capital since the company went public in 2022.
Material Changes
- Departure of CFO: John Markovich notified the company of his intention to retire and resign as Chief Financial Officer, effective September 2, 2026.
- Succession: Greg Golkov, currently the Senior Vice President of Finance, has been appointed as the Acting Chief Financial Officer and principal financial and accounting officer.
- Reason for Departure: The resignation is voluntary and not the result of any disagreement with the company regarding business, operations, accounting, or financial reporting.
Management Commentary and Risks
CEO Dr. Alan Baratz praised Mr. Markovich's five-year tenure, highlighting his pivotal role in the 2022 IPO, capital raising, and developing a path to profitability. Mr. Golkov brings over 25 years of finance experience, including roles at Butterfly Network, Inc. and Kaseya. The filing states there are no reportable transactions or arrangements between Mr. Golkov and the company that would trigger Item 404(a) of Regulation S-K. If Mr. Golkov's compensation is amended, an amendment to this Form 8-K will be filed.
Investor Verification Checklist
- Verify the effective date of the CFO transition (September 2, 2026).
- Monitor for a subsequent filing regarding any compensation amendments for the Acting CFO.
- Review the attached press release (Exhibit 99.1) for additional details on the leadership transition.
- Confirm the company's progress toward the profitability path mentioned by management in future earnings reports.