Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 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):


		September 30,				December 31,
		2026				2025
Cash and cash equivalents		$	209,454			$	1,030,865
Restricted cash			7,554				6,883
Total cash, cash equivalents and restricted cash in the condensed consolidated statements of cash flows		$	217,008			$	1,037,748

Summary of Loans and Financing Receivable

Accounts receivable consist of the following (in thousands):


		September 30,				December 31,
		2026				2025
Billed accounts receivable		$	106,650			$	33,763
Unbilled accounts receivable			58,426				32,769
Total accounts receivable		$	165,076			$	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		3 – 12 years
Quantum computing systems		3 years
Satellites		2 – 3 years
Buildings		21 – 25 years
Building improvements		5 – 9 years
Leasehold improvements		Shorter of the lease term or the estimated useful life of the related asset