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Property And Equipment, Net | 9 Months Ended
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Sep. 30, 2025
Property, Plant and Equipment [Abstract] |
Property And Equipment, Net | 6. PROPERTY AND EQUIPMENT, NET Property and equipment, net is composed of the following (in thousands):
|  | September 30, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
Quantum computing systems |  | $ | 43,516 |  |  | $ | 38,374 |
Satellites |  |  | 54,755 |  |  |  | — |
Leasehold improvements |  |  | 25,051 |  |  |  | 17,921 |
Machinery, equipment, furniture and fixtures |  |  | 32,237 |  |  |  | 16,683 |
Computer equipment and acquired computer software |  |  | 10,227 |  |  |  | 7,395 |
Gross property and equipment |  |  | 165,786 |  |  |  | 80,373 |
Less: accumulated depreciation |  |  | (46,222 | ) |  |  | (27,612 | )
Total property and equipment, net |  | $ | 119,564 |  |  | $ | 52,761 |
Depreciation expense for the three months ended September 30, 2025 and 2024, was $9.3 million and $3.5 million, respectively. Depreciation expense for the nine months ended September 30, 2025 and 2024, was $18.9 million and $9.1 million, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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