Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2026

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):


		June 30,				December 31,
		2026				2025
Cash and cash equivalents		$	1,235,729			$	1,030,865
Restricted cash			7,561				6,883
Total cash, cash equivalents and restricted cash in the condensed consolidated statements of cash flows		$	1,243,290			$	1,037,748

Summary of Loans and Financing Receivable

Accounts receivable consists of the following (in thousands):


		June 30,				December 31,
		2026				2025
Billed accounts receivable		$	37,306			$	33,763
Unbilled accounts receivable			68,603				32,769
Total accounts receivable		$	105,909			$	66,532

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
Satellites		3 years
Leasehold improvements		Shorter of the lease term or the estimated useful life of the related asset