Revenue

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Revenue

9. REVENUE

Disaggregated Revenue

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Specialized quantum computing hardware	$	7,338	$	1,990	$	10,956	$	3,325
Platform, consulting and support services		4,043		3,525		8,007		6,475
Total revenue	$	11,381	$	5,515	$	18,963	$	9,800

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
United States	$	10,953	$	4,848	$	18,015	$	8,538
International		428		667		948		1,262
Total revenue	$	11,381	$	5,515	$	18,963	$	9,800

Remaining Performance Obligations

As of June 30, 2024, approximately $59.5 million of revenue is expected to be recognized from remaining performance obligations that are unsatisfied (or partially unsatisfied), including both funded (firm orders for which funding has been both authorized and appropriated by the customer) and unfunded (firm orders for which funding has not been appropriated) orders. Unexercised contract options are not included in

remaining performance obligations until the time the option is exercised. The Company expects approximately 45% of the remaining performance obligations to be recognized as revenue within the next twelve months.

Unearned Revenue

The following table summarizes the changes in unearned revenue for the six months ended June 30, 2024 (in thousands):

	Total
Balance as of December 31, 2023	$	12,534
Revenue recognized		(10,773	)
New deferrals, net		12,028
Balance as of June 30, 2024	$	13,789