| Schedule of Revenue Disaggregated by Revenue |
The Company's revenues disaggregated by revenue source is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
Quantum computing and networking hardware |
|
$ |
14,066 |
|
|
$ |
7,338 |
|
|
$ |
17,130 |
|
|
$ |
10,956 |
|
Platform, consulting and support services |
|
|
6,628 |
|
|
|
4,043 |
|
|
|
11,130 |
|
|
|
8,007 |
|
Total revenue |
|
$ |
20,694 |
|
|
$ |
11,381 |
|
|
$ |
28,260 |
|
|
$ |
18,963 |
|
The Company's revenues disaggregated by customer location is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
United States |
|
$ |
15,990 |
|
|
$ |
10,953 |
|
|
$ |
21,279 |
|
|
$ |
18,015 |
|
International |
|
|
4,704 |
|
|
|
428 |
|
|
|
6,981 |
|
|
|
948 |
|
Total revenue |
|
$ |
20,694 |
|
|
$ |
11,381 |
|
|
$ |
28,260 |
|
|
$ |
18,963 |
|
|
| Summary of Changes in Unearned Revenue |
The following table summarizes the changes in unearned revenue for the six months ended June 30, 2025 (in thousands):
|
|
|
|
|
|
|
Total |
|
Balance as of December 31, 2024 |
|
$ |
10,678 |
|
Revenue recognized |
|
|
(8,514 |
) |
New deferrals, net |
|
|
17,332 |
|
Balance as of June 30, 2025 |
|
$ |
19,496 |
|
|