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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2025
Summary of Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash included in the condensed consolidated balance sheets to the amounts included in the condensed consolidated statements of cash flows (in thousands):

 

 

March 31,

 

 

December 31,

 

 

2025

 

 

2024

 

Cash and cash equivalents

 

$

159,681

 

 

$

54,393

 

Restricted cash

 

 

2,679

 

 

 

2,447

 

Total cash, cash equivalents and restricted cash in the
   condensed consolidated statements of cash flows

 

$

162,360

 

 

$

56,840

 

Summary of Property Plant And Equipment Useful Life

Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Useful lives are as follows:

 

Computer equipment and acquired computer software

 

3 – 5 years

Machinery, equipment, furniture and fixtures

 

4 – 7 years

Quantum computing systems

 

3 years

Leasehold improvements

 

Shorter of the lease term or the estimated useful life of the related asset

 

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted loss per share attributable to common stockholders (in thousands, except share and per share data):

 

 

Three Months Ended
March 31,

 

Numerator:

 

2025

 

 

2024

 

Net loss attributable to common stockholders

 

$

(32,252

)

 

$

(39,592

)

Denominator:

 

 

 

 

 

 

Weighted average shares used in computing net loss
   per share attributable to common stockholders—
   basic and diluted

 

 

228,759,209

 

 

 

208,159,439

 

Net loss per share attributable to common
   stockholders—basic and diluted

 

$

(0.14

)

 

$

(0.19

)