Free Access! Download the D-Wave Short Report (NYSE:QBTS)
The Short Thesis is the essential document for any investor trying to understand the bear case on QBTS.
There are no opinions or hype here, only analysis and evidence.
→ Supporting evidence, case studies, and executive quotes
→ Direct excerpts from disclosures, earnings calls, and internal perspectives
→ A structured breakdown of the company’s commercial and technical positioning
About the D-Wave Short Report
We are short D-Wave Quantum. This report explains why.
It covers the core arguments behind our position: the customer metrics that overstate real commercial adoption, the Quantum AI narrative we believe has no technical foundation, and a business model that cannot generate the recurring revenue the current valuation requires. Each argument is supported by specific evidence, including first-hand accounts from inside the organization.
The Short Thesis is the essential document for any investor trying to understand the bear case on QBTS.
Unlock the Short Report for FREE Today!
In our commitment to make public the true nature of D-Wave’s investment story, we’re opening up free access to our Short Report on D-Wave (NYSE:QBTS).
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About Potential MNPI Conflicts
The founder of Coherence Report recognizes that his former position with D-Wave might raise concerns about MNPI and breach of confidentiality. We assert that all federal securities laws have been followed in the preparation and distribution of this report.
About the Publishers
The Coherence Report is an independent research publication focused on deep technology investing. It is built on the combination of direct industry experience, technical fluency, and commercial expertise – something that most other investment research in the space does not have.
The founder has spent 20+ years working across AI, software development, and enterprise commercial strategy. This includes strategic project roles at companies such as Nike, Gap, and D-Wave. Currently he holds multiple patents in mathematics, and manages an AI company that specializes in scientific research (Statgenius.io).
Disclaimer:
The views expressed in this report are based on information the author believes to be accurate and reliable. However, no representation is made as to their completeness or accuracy. This report is intended for informational purposes only and does not constitute investment advice, a solicitation, or a recommendation to buy or sell any security. All investment decisions carry risk. Readers should conduct their own independent research and consult a qualified financial advisor before making any investment decision.
The author of this report currently holds a short position in D-Wave Quantum Inc. (NYSE: QBTS) and will benefit financially if the company’s share price declines. This position was established prior to the publication of this research. Readers should be aware of this conflict of interest when evaluating the analysis presented here.