Business Context and Reporting Period
This Form 8-K was filed by D-Wave Quantum Inc. on November 5, 2025. The report discloses a material event under Item 7.01 (Regulation FD Disclosure) regarding the completion of a joint proof-of-concept project with BASF, a leading global chemical company.
Key Financial Metrics
This filing is a current report focused on a strategic business milestone and does not contain financial statements. Consequently, specific values for revenue, profit, cash flow, margins, debt, and liquidity are not provided in this document.
Material Changes and Operational Results
The filing details the successful deployment of a hybrid-quantum application at a BASF liquid-filling facility. Key operational improvements achieved during the proof-of-concept include:
- Scheduling Efficiency: Reduction of production scheduling time from 10 hours to seconds.
- Lateness Reduction: Decrease in product lateness by 14%.
- Setup Time: Reduction in setup times by 9%.
- Unloading Duration: Shortening of tank unloading durations by up to 18%.
The application outperformed existing optimization solutions across these key operational metrics.
Outlook and Management Commentary
D-Wave management views this project as a significant milestone toward deploying hybrid-quantum applications in production environments within the manufacturing and supply chain sectors. The results demonstrate the technology's capability to address complex operational challenges, including optimization, scheduling, and resource allocation. The company intends to leverage these findings to further integrate hybrid-quantum technologies into production systems.
Investor Verification Checklist
- Verify the commercial terms and potential revenue impact of future contracts with BASF or similar manufacturing partners.
- Assess the scalability of the hybrid-quantum application from a single facility proof-of-concept to broader enterprise deployment.
- Review the attached press release (Exhibit 99.1) for additional technical details on the optimization algorithms used.
- Monitor upcoming quarterly reports for any financial recognition of this partnership or related R&D expenses.