| Property and Equipment, Net |
Property and Equipment, Net Property and equipment, net consisted of the following (in thousands): | | | | | | | | | | | | | As of | | June 30, 2026 | | December 31, 2025 | | Computers and laboratory equipment | $ | 12,556 | | | $ | 12,030 | | | Quantum computer | 3,630 | | | 3,614 | | | Leasehold improvements | 1,691 | | | 1,432 | | | Furniture and fixtures | 764 | | | 390 | | | Software and website | 1,381 | | | 1,381 | | | Total property and equipment | 20,022 | | | 18,847 | | | Accumulated depreciation and amortization | (12,475) | | | (10,598) | | | Total property and equipment, net of depreciation | 7,547 | | | 8,249 | | | Assets not in service | 1,137 | | | 425 | | | Total property and equipment, net | $ | 8,684 | | | $ | 8,674 | |
For the three months ended June 30, 2026 and 2025, depreciation and amortization expenses were $1.0 million and $0.9 million, respectively. For the six months ended June 30, 2026 and 2025, depreciation and amortization expenses were $1.9 million and $1.6 million, respectively.
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