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Investigation Launched into D-Wave Quantum Inc. Securities Fraud

Investigation Launched into D-Wave Quantum Inc. Securities Fraud

First seen 4 Oct 2026, 22:01 UTC • •
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ThreatCluster AI
ThreatCluster •October 4, 2026 at 23:01 UTC
  • •D-Wave Quantum Inc. is being investigated for potential securities fraud.
  • •The company reported Q2 2026 revenues significantly below expectations, causing stock drops.
  • •Two law firms are actively seeking investors who may have suffered losses.

D-Wave Quantum Inc. (NASDAQ: QBTS) is under investigation for potential securities fraud following disappointing Q2 financial results reported on August 6, 2026, where the company reported revenues of $3.08 million, significantly below analyst expectations of $4.03 million to $4.08 million. The company's stock fell over 9% on the day of the announcement and again on August 26, 2026, after the resignation of its CFO was announced. Two law firms, Schall, Brown & Schwartz LLP and Kessler Topaz Meltzer & Check, LLP, are encouraging affected investors to come forward. The investigations focus on whether D-Wave made false or misleading statements regarding its financial health and failed to disclose pertinent information to investors. The situation is ongoing, with no confirmed legal actions yet reported.

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Timeline

2026-08-06
D-Wave reports disappointing Q2 results
D-Wave reported revenues of $3.08 million, missing analyst expectations of $4.03 to $4.08 million, leading to a stock drop of over 9%.
Newmediawire
2026-08-25
D-Wave announces CFO resignation
D-Wave announced the resignation of its CFO, effective September 2, 2026, contributing to investor concerns.
Newmediawire
2026-09-02
CFO resignation effective
The resignation of D-Wave's CFO became effective, further impacting investor confidence and stock performance.
Morningstar

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Common questions

What triggered the investigation?
The investigation was triggered by D-Wave's disappointing Q2 financial results and subsequent stock price drop.
Who is conducting the investigation?
The investigation is being conducted by law firms Schall, Brown & Schwartz LLP and Kessler Topaz Meltzer & Check, LLP.
What should affected investors do?
Affected investors are encouraged to contact the law firms for potential legal recourse regarding their losses.