# D-Wave Quantum Inc. (QBTS) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from D-Wave Quantum Inc.'s 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/QBTS/mda/fy2025/): filed 2026-02-26; accession 0001907982-26-000026 (https://www.sec.gov/Archives/edgar/data/1907982/000190798226000026/qbts-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/QBTS/mda/fy2024/): filed 2025-03-14; accession 0001907982-25-000060 (https://www.sec.gov/Archives/edgar/data/1907982/000190798225000060/qbts-20241231.htm)
- [FY 2023 MD&A](/company/QBTS/mda/fy2023/): filed 2024-03-29; accession 0001907982-24-000049 (https://www.sec.gov/Archives/edgar/data/1907982/000190798224000049/qbts-20231231.htm)
- [FY 2022 MD&A](/company/QBTS/mda/fy2022/): filed 2023-04-18; accession 0001907982-23-000011 (https://www.sec.gov/Archives/edgar/data/1907982/000190798223000011/qbts-20221231.htm)

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