# Who are D-Wave Quantum's customers? Who does D-Wave Quantum earn revenue from?
Canonical: https://valuechain.wiki/d-wave · Facet: customers · Updated: 2026-07-12T03:42:38.678341+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: D-Wave Quantum's confirmed revenue counterparties include 아마존, GE Vernova plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 3 revenue edges, backed by 6 dated sources, 1 of them primary filings (as of 2026-07-12).

### 정부·기업 (QCaaS·Advantage2) (high)
- note: Annealing QCaaS and Advantage2 systems to governments/enterprises (Lombardy) — the core of 2025's +179% growth, where large deals swing results.
- [confirms] StockTitan (EN, research, published 2026-05-01) https://www.stocktitan.net/sec-filings/QBTS/8-k-d-wave-quantum-inc-reports-material-event-5f77f08d8327.html: "Annealing QCaaS and systems to government and enterprise (Lombardy, +179%)."
- [confirms] D-Wave Quantum (EN, news, published 2026-02-26) https://www.dwavequantum.com/company/newsroom/press-release/d-wave-reports-fourth-quarter-and-year-end-2025-results/: "D-Wave Reports Fourth Quarter and Year-End 2025 Results"
- [confirms] The Quantum Insider (EN, news, published 2026-02-26) https://thequantuminsider.com/2026/02/26/d-wave-reports-179-revenue-jump-in-2025-as-bookings-accelerate/: "D-Wave Reports 179% Revenue Jump in 2025 as Bookings Accelerate"
- [confirms] D-Wave (EN, filing, published 2026-02-26) https://ir.dwavequantum.com/news/news-details/2026/D-Wave-Reports-Fourth-Quarter-and-Year-End-2025-Results/default.aspx: "Annealing QCaaS and systems to government and enterprise (Lombardy, +179%)."
- [confirms] Quantum News (KO, news, published 2025-08-08) https://www.quantumtimes.net/news/articleView.html?idxno=55345: "디웨이브, 매출 성장 속에 확대된 손실"

### 아마존 (mid)  → /amazon.md
- note: Offers annealing QCaaS via cloud channels like AWS — a distribution path widening the commercial base beyond direct sales.
- [confirms] The Quantum Insider (EN, news, published 2026-02-26) https://thequantuminsider.com/2026/02/26/d-wave-reports-179-revenue-jump-in-2025-as-bookings-accelerate/: "Offers annealing QCaaS via cloud channels like AWS."

### GE Vernova (mid)  → /ge-vernova.md
- note: GE Vernova named a new/renewing commercial customer (QCaaS/research) in Q2 2025 (value undisclosed) — a real adoption by a large industrial, high in reference value.
- [confirms] Quantum News (KO, news, published 2025-08-08) https://www.quantumtimes.net/news/articleView.html?idxno=55345: "디웨이브, 매출 성장 속에 확대된 손실"
- [confirms] D-Wave Quantum (EN, news, published 2025-08-07) https://www.dwavequantum.com/company/newsroom/press-release/d-wave-reports-second-quarter-2025-results/: "D-Wave Reports Second Quarter 2025 Results"

Reverse side: https://valuechain.wiki/d-wave/suppliers.md · Ripple: https://valuechain.wiki/d-wave/ripple.md

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