A securities class action lawsuit has been filed against D-Wave Quantum, Inc. ("D-Wave" or the "Company") (NASDAQ: QBTS) on behalf of investors who purchased or otherwise acquired D-Wave Quantum, Inc. securities from February 26, 2026 to August 25, 2026, inclusive. The Law Offices of Frank R. Cruz today reported the case, Fessler v. D-Wave Quantum, Inc. et al., filed on October 15, 2026 in the U.S. District Court California Northern District (Case No. 3:26-cv-11953). Lead plaintiff motions in the D-Wave Quantum, Inc. case are due by December 15, 2026.
If you lost money on D-Wave Quantum, Inc. investments, contact The Law Offices of Frank R. Cruz to learn more about the D-Wave Quantum, Inc. class action and your potential claims under the federal securities laws before the December 15, 2026 lead plaintiff deadline.
D-Wave Quantum, Inc. lawsuit key dates
- Filed: October 15, 2026
- Court: U.S. District Court California Northern District
- Class period: February 26, 2026 to August 25, 2026, inclusive
- Lead plaintiff motion deadline: December 15, 2026
What happened?
On August 6, 2026, D-Wave reported its second quarter of 2026 financial results. Among other things, D-Wave issues revenue of only $3.08 million, compared to $3.1 million for the same period in 2025.
On this news, D-Wave's stock price fell $1.98 per share, or 9.28%, to close at $19.41 per share on August 6, 2026, thereby injuring investors.
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-Waves stock price fell $1.84 per share, or 9.51%, to close at $17.51 per share on August 26, 2026, thereby further injuring investors
What is the D-Wave Quantum, Inc. class action about?
The D-Wave Quantum, Inc. securities lawsuit alleges that, throughout the class period, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about D-Wave Quantum, Inc.'s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose to investors that: (1) Defendants materially overstated D-Wave’s business and financial prospects; (2) the foregoing was reasonably likely to negatively impact the Company’s business and reputation; and (3) as a result, defendants' positive statements about D-Wave Quantum, Inc.'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Investors who purchased or otherwise acquired D-Wave Quantum, Inc. securities during the class period may ask the Court, no later than December 15, 2026, to appoint them lead plaintiff in this putative class action.
"According to the complaint filed against D-Wave Quantum, Inc., the Company, among other things, failed to disclose that Defendants materially overstated D-Wave’s business and financial prospects. Now that the case has been filed, the December 15, 2026 deadline is the date investors who bought during the class period should know," said Frank R. Cruz of The Law Offices of Frank R. Cruz.
What should D-Wave Quantum, Inc. investors do now?
The Law Offices of Frank R. Cruz can help D-Wave Quantum, Inc. investors evaluate potential claims to recover their losses. To learn more, visit the D-Wave Quantum, Inc. case page, email info@frankcruzlaw.com, or call 310-914-5007.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
D-Wave Quantum, Inc. investors need not take any action at this time to be class members. Investors may retain counsel of their choice or take no action and remain absent class members. No class has been certified yet in the D-Wave Quantum, Inc. case.
Questions and answers about the D-Wave Quantum, Inc. class action
Who is eligible? Investors who bought D-Wave Quantum, Inc. securities between February 26, 2026 and August 25, 2026 and lost money may be class members in the D-Wave Quantum, Inc. securities lawsuit.
What does a lead plaintiff do? The lead plaintiff is appointed by the court to represent all class members and direct the D-Wave Quantum, Inc. class action, and lead plaintiff motions are due by December 15, 2026.
Must I act now to be part of the D-Wave Quantum, Inc. class? No, D-Wave Quantum, Inc. investors need not take any action at this time and may remain absent class members.
How are attorneys' fees handled? The Law Offices of Frank R. Cruz works on contingency, so investors pay no attorneys' fees unless there is a recovery, and any fees require court approval.
About The Law Offices of Frank R. Cruz
The Law Offices of Frank R. Cruz investigates and prosecutes securities fraud and corporate malfeasance class actions. With nearly 20 years of litigation experience, the firm focuses on complex securities class actions and gives each client personal, one-on-one attention throughout the legal process.
Prior results do not guarantee a similar outcome.
Related links
- D-Wave Quantum, Inc. case page, The Law Offices of Frank R. Cruz
- Complaint: Fessler v. D-Wave Quantum, Inc. et al., U.S. District Court California Northern District
- D-Wave Press Release
- D-Wave Quantum, Inc. SEC filings index, EDGAR
- The Law Offices of Frank R. Cruz
Follow The Law Offices of Frank R. Cruz for updates on Twitter: twitter.com/FRC_LAW
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View source version on businesswire.com: https://www.businesswire.com/news/home/20261023332478/en/
Frank R. Cruz
The Law Offices of Frank R. Cruz
Los Angeles, CA
Email: fcruz@frankcruzlaw.com
Telephone: 310-914-5007
www.frankcruzlaw.com
