D-Wave量子公司2025年季度报告

(Mark One)xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR For the transition period from ___________ and ____________Commission file number001-41468 ________________________ D-WAVE QUANTUM INC.(Exact name of registrant as specified in its charter) (State or other jurisdiction ofincorporation or organization) Securities registered pursuant to Section 12(b) of the Act:Title of each classTrading Symbol(s)Common stock, par value $0.0001 per shareQBTS 1.4541326 shares of common stock at an exercise Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act. on a one for one basis at any time for no consideration. Table of Contents Condensed Consolidated Statements of Stockholders’ Equity (Deficit) (Unaudited)Condensed Consolidated Statements of Cash Flows (Unaudited) Management's Discussion and Analysis of Financial Condition and Results of Operations Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecuritiesRisk Factors Certain statements in this Quarterly Report on Form 10-Q (this “Report”) may constitute “forward-looking statements” withinthe meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, Section 27A of theSecurities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Our forward-lookingstatements include, but are not limited to, statements regarding D-Wave Quantum’s and D-Wave Quantum’s management team’s implied by these forward-looking statements. We caution you that these statements are based on a combination of facts and factorscurrently known by us and our projections of the future, which are subject to a number of risks. Factors that might cause or contribute to a material difference include those risks discussed below and in Part I, Item 1A, “Risk Factors” in our most recent Annual Report onForm 10-K and our other filings with the Securities and Exchange Commission(the "SEC”). You should not place undue reliance onthese forward-looking statements in making an investment decision with respect to the securities offered under this Report. Theseforward-looking statements are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or adefinitive statement of fact or probability regarding future performance, events or circumstances. Many of the factors affecting actualperformance, events and circumstances are beyond the control of D-Wave Quantum. As a result of a number of known and unknownrisks and uncertainties, our actual results or performance may be materially different from those expressed or implied by theseforward-looking statements. All forward-looking statements set forth in this Report are qualified by these cautionary statements, andthere can be no assurance that the actual results or developments anticipated by the Company will be realized or, even if substantiallyrealized, that they will have the expected consequence to or effects on the Company or its business or operations. The followingdiscussion should be read in conjunction with the Company’s audited Consolidated Financial Statements and related notes theretoincluded in our most recent Annual Report on Form 10-K. These forward-looking statements are based on information available as ofthe date of this Report, and current expectations, forecasts and assumptions, and involve a number of judgments, risks anduncertainties and are not predictions of actual performance. Accordingly, forward-looking statements should not be relied upon asrepresenting our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements toreflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise,except as may be required under applicable securities laws. December31, 2024 filed with the SEC on March 14, 2025. The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Allintercompany accounts and transactions have been eliminated in thecondensed consolidated financial statementsupon consolidation. 8 The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management tomake estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses and the disclosure ofcontingent assets and liabilities in the Company’s condensed consolidated financial statements and accompanying notes as of the date of the condensed consolidated financial statements. The most significant estimates and assum