D-Wave Quantum Inc. — Form 10-Q
Filed August 6, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
D-Wave hired Sophie Ames as Chief Human Resources Officer (start Sept 23, 2024; $385k base + $150k signing bonus + 750k RSUs) and Stan Black as Chief Information Security Officer (start Sept 2, 2025; initial $430k base + $1.8M equity grant; later increased to $443k base + $1.5M additional 2026 grant). D-Wave also amended a commercial real estate lease in Boca Raton, expanding premises to 34,522 sq ft with base rent escalating from $34/sf to $45.68/sf over 128 months, receiving an 8-month rent credit and $3.45M tenant improvement allowance.
Why this rating
Two exec hires (~$3.5M total comp over 4 years) and real estate expansion (~$41M rent commitment) are routine org-building. Individually immaterial relative to $4.9B market cap (comp <0.1% annually; rent <1% of cap). No strategic surprise.
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