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Revenue (Tables)
3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue Disaggregated by Revenue

The Company's revenues disaggregated by revenue source is as follows (in thousands):

 

 

Three Months Ended
March 31,

 

 

2024

 

 

2023

 

Specialized quantum computing hardware

 

$

3,619

 

 

$

1,334

 

Platform, consulting and support services

 

 

3,963

 

 

 

2,951

 

Total revenue

 

$

7,582

 

 

$

4,285

 

 

The Company's revenues disaggregated by customer location is as follows (in thousands):

 

 

Three Months Ended
March 31,

 

 

2024

 

 

2023

 

United States

 

$

7,062

 

 

$

3,690

 

International

 

 

520

 

 

 

595

 

Total revenue

 

$

7,582

 

 

$

4,285

 

Summary of Changes in Unearned Revenue

The following table summarizes the changes in unearned revenue for the three months ended March 31, 2024 (in thousands):

 

 

Total

 

Balance as of December 31, 2023

 

$

12,534

 

Revenue recognized

 

 

(6,072

)

New deferrals, net

 

 

10,461

 

Balance as of March 31, 2024

 

$

16,923