Robbins LLP is Investigating Allegations that D-Wave Quantum Inc. (QBTS) Overstated its Business and Financial Prospects

Robbins LLP informs investors that a class action was filed on behalf of all persons who purchased or otherwise acquired D-Wave (NYSE: QBTS) securities between February 26, 2026 and August 25, 2026, inclusive (the “Class Period”). D-Wave is a company engaged in quantum computing.

Why Was D-Wave Sued?

According to the complaint, during the Class Period, defendants failed to disclose that:

(i) they materially overstated D-Wave’s business and financial prospects;

(ii) the foregoing was reasonably likely to negatively impact the Company’s business and reputation; and

(iii) as a result, defendants’ public statements were materially false and misleading at all relevant times.

Why Did D-Wave Stock Drop?

According to the complaint, the truth started to emerge on August 6, 2026, when D-Wave announced its financial results for the second quarter of 2026. Among other things, D-Wave reported revenue of just $3.08 million, compared to $3.1 million for the same period in the prior year, falling short of analyst  expectations ranging from $4.03 million to $4.08 million. On this news, D-Wave’s stock price declined $1.99 per share, or 9.28%, to close at $19.41 per share on August 6, 2026.

Then, on August 25, 2026, D-Wave issued a press release “announc[ing] that John Markovich is retiring and thus resigning from his position as Chief Financial Officer 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.

Who May Be Eligible to Participate in the D-Wave Quantum Inc. Class Action?

The lawsuit seeks to represent investors who purchased or otherwise acquired Millrose Properties, Inc. between February 26, 2026 and August 25, 2026. Investors who suffered losses during that period may have legal rights under the federal securities laws. Submit a form for information.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.