Summary of Significant Accounting Policies (Tables)
|
6 Months Ended |
Jun. 30, 2025 |
|---|
| 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):
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|
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|
|
|
|
|
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June 30, |
|
|
December 31, |
|
|
|
2025 |
|
|
2024 |
|
Cash and cash equivalents |
|
$ |
140,067 |
|
|
$ |
54,393 |
|
Restricted cash |
|
|
3,445 |
|
|
|
2,447 |
|
Total cash, cash equivalents and restricted cash in the
condensed consolidated statements of cash flows |
|
$ |
143,512 |
|
|
$ |
56,840 |
|
|
| Summary of Loans and Financing Receivable |
Accounts receivable consists of the following (in thousands):
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|
|
|
|
|
|
|
|
|
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June 30, |
|
|
December 31, |
|
|
|
2025 |
|
|
2024 |
|
Billed accounts receivable |
|
$ |
7,653 |
|
|
$ |
6,516 |
|
Unbilled accounts receivable |
|
|
11,461 |
|
|
|
3,672 |
|
Total accounts receivable |
|
$ |
19,114 |
|
|
$ |
10,188 |
|
|
| 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 |
|
4 – 7 years |
Quantum computing systems |
|
3 years |
Leasehold improvements |
|
Shorter of the lease term or the estimated useful life of the related asset |
|
| Schedule of Earnings Per Share, Basic and Diluted |
The following table sets forth the computation of basic and diluted loss per share attributable to common stockholders (in thousands, except share and per share data):
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Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
Numerator: |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
Net loss |
|
$ |
(177,530 |
) |
|
$ |
(37,561 |
) |
|
$ |
(209,782 |
) |
|
$ |
(77,153 |
) |
Less: Net loss attributable to noncontrolling interests |
|
$ |
692 |
|
|
$ |
— |
|
|
$ |
692 |
|
|
$ |
— |
|
Net loss attributable to IonQ, Inc. common
stockhholders for basic and diluted net loss
per share |
|
$ |
(176,838 |
) |
|
$ |
(37,561 |
) |
|
$ |
(209,090 |
) |
|
$ |
(77,153 |
) |
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares used in computing net loss
per share attributable to IonQ, Inc. common
stockholders—basic and diluted |
|
|
250,967,455 |
|
|
|
211,637,479 |
|
|
|
239,924,680 |
|
|
|
209,898,459 |
|
Net loss per share attributable to IonQ, Inc. common
stockholders—basic and diluted |
|
$ |
(0.70 |
) |
|
$ |
(0.18 |
) |
|
$ |
(0.87 |
) |
|
$ |
(0.37 |
) |
|
| Summary of Antidilutive Securities Excluded from Computation of Earnings Per Share |
The following is a summary of the weighted average common stock equivalents for the securities outstanding during the respective periods that have been excluded from the computation of diluted net loss per common share:
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|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
Common stock options outstanding |
|
|
12,641,470 |
|
|
|
19,712,354 |
|
|
|
14,008,600 |
|
|
|
20,232,744 |
|
Warrants to purchase common stock |
|
|
543,152 |
|
|
|
8,301,202 |
|
|
|
543,152 |
|
|
|
8,301,202 |
|
Public warrants |
|
|
1,882,881 |
|
|
|
5,228,253 |
|
|
|
1,933,737 |
|
|
|
5,228,253 |
|
Unvested restricted stock units |
|
|
14,639,855 |
|
|
|
17,132,062 |
|
|
|
14,756,009 |
|
|
|
16,676,544 |
|
Unvested performance-based restricted stock units |
|
|
2,041,639 |
|
|
|
1,918,817 |
|
|
|
1,974,135 |
|
|
|
1,974,671 |
|
Unvested restricted stock |
|
|
1,517,169 |
|
|
|
— |
|
|
|
762,776 |
|
|
|
— |
|
Unvested early exercised stock options |
|
|
138,965 |
|
|
|
331,546 |
|
|
|
163,038 |
|
|
|
355,618 |
|
Total |
|
|
33,405,131 |
|
|
|
52,624,234 |
|
|
|
34,141,447 |
|
|
|
52,769,032 |
|
|