About This Case
Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against D-Wave Quantum Inc. (NASDAQ: QBTS) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired D-Wave securities between February 26, 2026, and August 25, 2026, both dates inclusive (the “Class Period”).
Such investors are encouraged to join this case by visiting the firm’s website and providing their information.
Allegations
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and financial prospects. Specifically, the complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that:
- Defendants materially overstated D-Wave’s business, operational, and financial prospects;
- The foregoing was reasonably likely to negatively impact the Company’s business and reputation; and
- As a result, Defendants’ public statements were materially false and misleading at all relevant times.
On August 6, 2026, D-Wave reported second-quarter revenue of $3.08 million, falling short of analysts’ expectations of approximately $4.03 million to $4.08 million. On this news, D-Wave’s stock price declined $1.99 per share, or 9.28%, closing at $19.41 per share.
Then, on August 25, 2026, D-Wave announced that Chief Financial Officer John Markovich would retire and resign from his position effective September 2, 2026. On this news, D-Wave’s stock price fell $1.84 per share, or 9.51%, closing at $17.51 per share on August 26, 2026.
QBTS — Stock Performance
About Bronstein, Gewirtz & Grossman, LLC
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”