D-Wave Quantum (QBTS) executive compensation, 2026 proxy

Alan E. Baratz, President & Chief Executive Officer, Director, was paid $5.2M in 2025, up 200% from $1.7M the year before.

Filed
April 23, 2026
Annual meeting
June 4, 2026
Pay year
2025
Named executives
3
CEO total pay
$5.2M+200% vs prior year
CEO pay in equity
78%$4M in awards
CEO Target Bonus
100%Percentage of base salary
CFO Target Bonus
70%Percentage of base salary
AIP Payout Percentage
95%Company-weighted performance metric

How Baratz was paid

$5.2M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary11%Stock awards78%Non-equity incentive11%

Named executive officers

ExecutiveTotal
Alan E. BaratzPresident & Chief Executive Officer, Director$5,170,467
John M. MarkovichExecutive Vice President & Chief Financial Officer$3,030,076
Diane NguyenExecutive Vice President, Chief Legal Officer & General Counsel$1,380,327

What changed and why

  • $5.2MCEO total compensation increased to $5,170,467 in fiscal 2025 from $1,722,500 in fiscal 2024.
  • 95%The annual incentive plan resulted in a payout of 95% of target for company-weighted performance.
  • The board adopted a new severance policy for executive officers on May 1, 2025.
  • Dr. Baratz received a grant of 580,117 RSUs effective May 1, 2025.
  • The AIP was measured under product development, sales bookings, and adjusted EBITDA metrics.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.