Pomerantz investigates Qfin and D-Wave after separate market declines

  • Pomerantz LLP is investigating separate investor claims involving Qfin Holdings and D-Wave Quantum over possible securities violations.
  • Qfin revenue fell 31.6% to RMB 3.57 billion and its ADR dropped 18.91%, while D-Wave reported $3.08 million of revenue against $4.03 million to $4.08 million estimates.
  • D-Wave CFO John Markovich is retiring and resigning effective September 2, 2026; separate law firms also announced Qfin investigations.

The supplied records concern two separate Pomerantz LLP investigations rather than one underlying event. For Qfin Holdings, Pomerantz is investigating possible securities fraud or other unlawful business practices after second-quarter 2026 revenue fell 31.6% year over year to RMB 3.57 billion, net income declined 76.8%, an unexpected RMB 500 million tax expense weighed on earnings, and management forecast a 67% to 73% third-quarter non-GAAP net income decline. Qfin’s ADR fell $2.18, or 18.91%, to close at $9.35 on August 26, 2026. Separately, Pomerantz is investigating D-Wave Quantum investor claims after second-quarter 2026 revenue of $3.08 million missed analyst expectations of $4.03 million to $4.08 million; its shares fell 9.28% on August 6, followed by another 9.51% decline after CFO John Markovich’s announced retirement and resignation. The record also references separate Qfin investigations by the Law Offices of Howard G. Smith and Glancy Prongay Wolke & Rotter LLP.

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