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Revenue (Tables)
3 Months Ended
Mar. 31, 2025
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,

 

 

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

 

Summary of Changes in 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