IonQ, Inc.

Listed Company

IONQ-WTCIK 0001824920NYSELarge AcceleratedServices-Computer Integrated Systems DesignDelawareFY ends Dec 31

Period

FY 2025

Revenue

$130.02M

Net Income

$-510.38M

Total Assets

$6.57B

Equity

$3.80B

Shares Out

366.64M

Op. Cash Flow

$-283.19M

Business

IonQ, Inc. develops and commercializes trapped-ion quantum computers and quantum networking technologies for research and commercial applications. It offers specialized quantum computing hardware and networking products, cloud-based quantum-computing-as-a-service (QCaaS), maintenance and support, professional services, algorithm development and dedicated system sales. Its business is organized around hardware sales, QCaaS/cloud access and professional services supporting algorithm and application development, as well as quantum networking solutions. IonQ distributes its systems and cloud access globally through major cloud marketplaces (AWS Amazon Braket, Microsoft Azure Quantum, Google Cloud Marketplace), its own cloud and select direct customers including industry, academia and government agencies.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	130	43	22	11	2
Cost of revenue (excluding depreciation and amortization)	77	21	8	3	1
Research and development	306	137	92	44	20
Sales and marketing	53	28	18	8	3
General and administrative	245	71	51	36	14
Depreciation and amortization	82	19	10	6	3
Total operating costs and expenses	764	276	180	97	41
Loss from operations	−634	−232	−158	−86	−39
Gain (loss) on change in fair value of warrant liabilities	67	−117	−19	30	−63
Interest income, net	56	18	19	7	64,000
Offering costs associated with warrants	−46	0	0	0	−4
Other income (expense), net	29,000	−275,000	−85,000	6,000	28,000
Total net loss before income taxes	−557	−332	−158	−49	−106
Income tax benefit (expense)	45	−59,000	−48,000	0	0
Net loss	−512	−332	−158	—	—
Net loss attributable to noncontrolling interests	−2	0	0	—	—
Net loss attributable to IonQ, Inc.	−510	−332	−158	−49	−106
Net loss per share attributable to IonQ, Inc. common stockholders-basic	−1.82	−1.56	−0.78	−0.25	−0.77
Net loss per share attributable to IonQ, Inc. common stockholders-diluted	−1.82	−1.56	−0.78	−0.25	−0.77
Weighted average shares used in computing net loss per share attributable to IonQ, Inc. common stockholders-basic	280	213	203	198	138
Weighted average shares used in computing net loss per share attributable to IonQ, Inc. common stockholders-diluted	280	213	203	198	138

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,031	54	36	44	399
Short-term investments	1,361	286	320	311	123
Accounts receivable, net	67	10	11	3	707,000
Prepaid expenses and other current assets	128	28	23	13	6
Total current assets	2,586	379	390	372	530
Long-term investments	945	24	100	182	80
Property and equipment, net	120	53	38	26	19
Operating lease right-of-use assets	23	9	5	4	4
Intangible assets, net	767	29	15	9	6
Goodwill	1,964	10	742,000	742,000	0
Other noncurrent assets	165	4	5	5	4
Total Assets	6,570	508	554	598	642
Accounts payable	26	5	6	3	2
Accrued expenses and other current liabilities	90	17	18	7	3
Current portion of operating lease liabilities	9	3	710,000	591,000	568,000
Unearned revenue	42	11	12	9	3
Total current liabilities	167	36	37	20	10
Operating lease liabilities, net of current portion	21	14	7	3	4
Unearned revenue, net of current portion	2	0	447,000	1	2
Warrant liabilities	2,472	71	23	4	34
Other noncurrent liabilities	95	3	128,000	303,000	0
Total liabilities	2,757	125	69	30	51
Commitments and contingencies (see Note 11)	—	—	—	—	—
Common stock $0.0001 par value; 1,000,000,000 shares authorized; 362,592,722 and 221,919,191 shares outstanding as of December 31, 2025 and December 31, 2024, respectively	36,000	22,000	20,000	20,000	19,000
Additional paid-in capital	5,006	1,067	839	770	737
Accumulated deficit	−1,194	−684	−352	−194	−146
Accumulated other comprehensive income (loss)	−13	157,000	−2	−7	−148,000
Total IonQ, Inc. stockholders' equity	3,800	384	485	568	591
Noncontrolling interests	14	0	—	—	—
Total stockholders' equity	3,814	384	485	568	—
Total Liabilities and Stockholders' Equity	6,570	508	554	598	642

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock-based compensation	312	107	70	31	8
Deferred income taxes	−45	0	0	—	—
Amortization of premiums and accretion of discounts on available-for-sale securities	−8	−9	−10	−2	—
Other, net	18	5	2	441,000	101,000
Accounts receivable	−38	2	−8	−2	−317,000
Prepaid expenses and other current assets	−72	−15	−14	−7	−4
Accounts payable	−8	−601,000	2	1	763,000
Accrued expenses and other current liabilities	7	−411,000	3	1	1
Unearned revenue	9	−2	3	4	4
Other assets and liabilities	−8	3	2	−269,000	−2
Net cash provided by (used in) operating activities	−283	−106	−79	−45	−27
Purchases of property and equipment	−16	−18	−14	−9	−8
Purchases of available-for-sale securities	−2,669	−296	−298	−606	−204
Maturities of available-for-sale securities	683	418	387	310	0
Purchases of privately-held securities	−89	0	0	—	—
Businesses acquired, net of cash paid and acquired	523,000	−15	0	—	—
Other investing, net	−4	−6	−6	—	—
Net cash provided by (used in) investing activities	−2,095	83	69	−309	−214
Proceeds from Issuance of Common Stock	3,313	0	0	—	—
Proceeds from stock options exercised	27	8	2	1	5
Proceeds from warrants exercised	11	33	37,000	17,000	—
Other financing, net	8	238,000	−230,000	20,000	—
Net cash provided by (used in) financing activities	3,359	42	2	1	603
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	581,000	25,000	−2,000	0	—
Net change in cash, cash equivalents and restricted cash	981	19	−8	−353	363
Property and equipment purchases in accounts payable and accrued expenses	1	1	773,000	485,000	553,000
Operating lease right-of-use assets subject to lease liability	0	6	2	0	—
Noncash reclassification of warrant liabilities to equity upon exercise	532	69	20,000	8,000	80
Bonus settled in restricted stock units	7	11	4	473,000	0
Equity issued for acquisitions	2,588	0	0	—	—
Equity issued for intangible assets	48	0	0	—	—
Equity issued for research and development arrangement	69	0	0	—	—

Filings

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