Business Context and Reporting Period
This Form 8-K Current Report was filed by D-Wave Quantum Inc. on August 13, 2025. The filing discloses the company's announcement of its first-ever "Qubits Japan 2025" quantum computing user conference, scheduled for September 17 in Tokyo. The event aims to support the growing adoption of annealing quantum computing technology in the Asia Pacific (APAC) region.
Key Financial Metrics
The filing does not provide specific financial statements, revenue figures, profit margins, cash flow data, debt levels, or liquidity metrics. The report focuses exclusively on a regulatory disclosure regarding a corporate event and regional business activity.
Material Changes and Business Activity
- APAC Bookings Growth: D-Wave reported that bookings in the APAC region have increased by 83% over the past 12 months.
- Customer Adoption: APAC customers are increasingly utilizing D-Wave's annealing quantum computing solutions for artificial intelligence (AI), machine learning, and business optimization.
- Strategic Partnerships:
- Japan Tobacco Inc.: Agreed to a pilot project for quantum AI drug discovery.
- NTT DOCOMO Inc.: Completed an optimization pilot using D-Wave's solutions.
- Yonsei University and Incheon Metropolitan City: Established a strategic relationship to accelerate quantum computing adoption in South Korea, including efforts to acquire a D-Wave Advantage2 system.
Guidance, Outlook, and Risks
Management commentary highlights the theme "Quantum Realized," emphasizing that D-Wave's technology is delivering tangible value today. The outlook suggests continued expansion in the APAC market driven by the upcoming conference and existing customer momentum. The filing does not contain specific forward-looking financial guidance, risk factors, or contingencies beyond the standard disclosure that the information is furnished and not "filed" for liability purposes under Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the 83% year-over-year growth in APAC bookings against the company's most recent quarterly earnings report.
- Confirm the status and commercial terms of the pilot projects with Japan Tobacco Inc. and NTT DOCOMO Inc.
- Monitor the progress of the D-Wave Advantage2 system acquisition by Yonsei University.
- Review the attached press release (Exhibit 99.1) for additional details on the Qubits Japan 2025 conference agenda and attendee list.