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v3.25.2

Segments, Geographical Information, Concentrations and Significant Customers - (Tables) | 6 Months Ended
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Jun. 30, 2025
Concentration Risk [Line Items] |
Schedule of reconciliation of operating profit (loss) from segments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ | ​ | 2025 |  | 2024 | ​ | 2025 |  | 2024
Revenue | ​ | $ | 1,801 | ​ | $ | 3,086 | ​ | $ | 3,273 | ​ | $ | 6,138
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Salaries and employee related costs | ​ | ​ | 7,930 | ​ | ​ | 6,721 | ​ | ​ | 16,862 | ​ | ​ | 13,458
Stock-based compensation | ​ | ​ | 3,554 | ​ | ​ | 3,287 | ​ | ​ | 7,728 | ​ | ​ | 6,278
Rent and facilities | ​ | ​ | 1,495 | ​ | ​ | 2,020 | ​ | ​ | 2,834 | ​ | ​ | 3,902
Professional services and legal fees | ​ | ​ | 2,339 | ​ | ​ | 1,625 | ​ | ​ | 5,252 | ​ | ​ | 3,312
Technology & IT costs | ​ | ​ | 1,225 | ​ | ​ | 1,062 | ​ | ​ | 2,548 | ​ | ​ | 2,109
Direct and indirect materials | ​ | ​ | 570 | ​ | ​ | 609 | ​ | ​ | 1,263 | ​ | ​ | 1,015
Depreciation and amortization expense | ​ | ​ | 1,894 | ​ | ​ | 1,547 | ​ | ​ | 3,723 | ​ | ​ | 3,334
Interest expense | ​ | ​ | — | ​ | ​ | 969 | ​ | ​ | — | ​ | ​ | 2,076
Other segment items(1) | ​ | ​ | 22,448 | ​ | ​ | (2,333) | ​ | ​ | (39,902) | ​ | ​ | 3,848
Segment and net income (loss) | ​ | $ | (39,654) | ​ | $ | (12,421) | ​ | $ | 2,965 | ​ | $ | (33,194)
(1)Other segment items include interest income, changes in fair value of derivative warrant liabilities and earnout liabilities and other operational expenses which are reflected in the condensed consolidated statements of operations. ​
Summary of our segment fixed asset additions | The following table presents a summary of our segment fixed asset additions (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ | ​ | 2025 |  | 2024 | ​ | 2025 |  | 2024
Quantum computing fridges | ​ | $ | 2,623 | ​ | $ | 2,197 | ​ | $ | 4,334 | ​ | $ | 3,257
Process equipment | ​ | ​ | 219 | ​ | ​ | — | ​ | ​ | 682 | ​ | ​ | 6
Leasehold improvements | ​ | ​ | 110 | ​ | ​ | 34 | ​ | ​ | 194 | ​ | ​ | 51
IT hardware | ​ | ​ | 263 | ​ | ​ | 110 | ​ | ​ | 352 | ​ | ​ | 209
Construction in progress and other assets | ​ | ​ | 1,400 | ​ | ​ | 246 | ​ | ​ | 2,465 | ​ | ​ | 1,047
Total property and equipment | ​ | $ | 4,615 | ​ | $ | 2,587 | ​ | $ | 8,027 | ​ | $ | 4,570
Schedule of summary of revenue by geography | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ | ​ | 2025 |  | 2024 | ​ | 2025 |  | 2024
Quantum computing fridges | ​ | $ | 2,623 | ​ | $ | 2,197 | ​ | $ | 4,334 | ​ | $ | 3,257
Process equipment | ​ | ​ | 219 | ​ | ​ | — | ​ | ​ | 682 | ​ | ​ | 6
Leasehold improvements | ​ | ​ | 110 | ​ | ​ | 34 | ​ | ​ | 194 | ​ | ​ | 51
IT hardware | ​ | ​ | 263 | ​ | ​ | 110 | ​ | ​ | 352 | ​ | ​ | 209
Construction in progress and other assets | ​ | ​ | 1,400 | ​ | ​ | 246 | ​ | ​ | 2,465 | ​ | ​ | 1,047
Total property and equipment | ​ | $ | 4,615 | ​ | $ | 2,587 | ​ | $ | 8,027 | ​ | $ | 4,570
Revenue |
Concentration Risk [Line Items] |
Schedule of concentration of significant customers based on revenue and accounts receivable | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ |  | 2025 | ​ | 2024 |  | 2025 |  | 2024
Customer A |  | * | ​ | 22% | ​ | * | ​ | 19%
Customer B | ​ | 20% | ​ | * | ​ | 17% | ​ | 10%
Customer C |  | 27% | ​ | * | ​ | 15% | ​ | 20%
Customer D |  | 39% | ​ | 11% | ​ | 53% | ​ | 27%
Customer E | ​ | * | ​ | 26% | ​ | * | ​ | *
Customer F |  | * | ​ | 17% | ​ | * | ​ | *
* Customer accounted for less than 10% of revenue in the respective periods.
Accounts receivable |
Concentration Risk [Line Items] |
Schedule of concentration of significant customers based on revenue and accounts receivable | ​
​ | ​ | ​ | ​ | ​
​ |  | June 30, 2025 |  | December 31, 2024
Customer A |  | * | ​ | *
Customer B |  | 41% | ​ | 15%
Customer C |  | 26% | ​ | 23%
Customer D | ​ | * | ​ | 26%
Customer E | ​ | * | ​ | 31%
Customer F | ​ | 28% | ​ | *
* Customer accounted for less than 10% of accounts receivable in the respective periods.

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