Company: IONQ
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027722
Chunk: 67

Company: IonQ, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 6
Chunk 67
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4

         2023

         2022

         Cost of revenue
          
         $
         4,740

         $
         2,819

         $
         902

         Research and development

         58,696

         40,103

         13,472

         Sales and marketing

         13,788

         6,762

         1,298

         General and administrative

         29,654

         20,059

         15,784

         Stock-based compensation, net of amounts capitalized
          
         $
         106,878

         $
         69,743

         $
         31,456

         Capitalized stock-based compensation—Intangibles and fixed assets

         5,188

         4,702

         1,741

         Total stock-based compensation
          
         $
         112,066

         $
         74,445

         $
         33,197

F-31

  Unrecognized Stock-Based Compensation A summary of the Company's remaining unrecognized compensation expense and the weighted-average remaining amortization period as of December 31, 2024, related to its non-vested RSUs, PSUs, and stock option awards is presented below (in millions, except time period amounts):  

         UnrecognizedExpense

         Weighted-AverageAmortizationPeriod (Years)

         Restricted stock units
          
         $
         130.1

         2.7

         Performance-based restricted stock units
          
         $
         98.3

         2.2

         Stock options
          
         $
         14.4

         1.3

        Employee Stock Purchase Plan In August 2021, the Company’s board of directors adopted the Employee Stock Purchase Plan (the “ESPP”), which was subsequently approved by the Company’s stockholders in September 2021, and became effective upon the closing of the Business Combination. The ESPP is intended to qualify as an “employee stock purchase plan” within the meaning of Section 423 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”). The number of shares of common stock initially reserved for issuance under the ESPP was 5,354,000 shares. The ESPP provides for an annual increase on January 1 of each year and continuing through and including January 1, 2031,