Revenue

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue

. REVENUE

Disaggregated Revenue

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

	Three Months Ended March 31,
	2025		2024
Specialized quantum computing hardware	$	3,063	$	3,619
Platform, consulting and support services		4,503		3,963
Total revenue	$	7,566	$	7,582

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

	Three Months Ended March 31,
	2025		2024
United States	$	5,289	$	7,062
International		2,277		520
Total revenue	$	7,566	$	7,582

Remaining Performance Obligations

As of March 31, 2025, approximately $71.9 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 40% 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 three months ended March 31, 2025 (in thousands):

	Total
Balance as of December 31, 2024	$	10,678
Revenue recognized		(4,047	)
New deferrals, net		5,430
Balance as of March 31, 2025	$	12,061