Company: IONQ
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027722
Chunk: 16

Company: IonQ, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 6
Chunk 16
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est income, net Interest income, net consists of income earned on our money market funds and other available-for-sale investments.Other income (expense), net Other income (expense), net consists of gains and losses that arise from fluctuations in foreign currency exchange rates and certain other nonoperating expenses.Income tax benefit (expense)Income tax expense consists of income taxes related to foreign jurisdictions in which we conduct business.

58

 Results of Operations The following table sets forth our consolidated statements of operations for the periods indicated:  

     Year EndedDecember 31,

     2024

     2023

     (in thousands)

     Revenue
      
     $
     43,073

     $
     22,042

     Costs and expenses:

     Cost of revenue (excluding depreciation and amortization)(1)

     20,597

     8,108

     Research and development(1)

     136,827

     92,321

     Sales and marketing(1)

     28,395

     18,270

     General and administrative(1)

     71,055

     50,722

     Depreciation and amortization

     18,654

     10,375

     Total operating costs and expenses

     275,528

     179,796

     Loss from operations

     (232,455
     )

     (157,754
     )

     Gain (loss) on change in fair value of warrant liabilities

     (117,107
     )

     (19,206
     )

     Interest income, net

     18,249

     19,322

     Other income (expense), net

     (275
     )

     (85
     )

     Loss before income tax expense

     (331,588
     )

     (157,723
     )

     Income tax benefit (expense)

     (59
     )

     (48
     )

     Net loss
      
     $
     (331,647
     )
      
     $
     (157,771
     )
    
    (1)Cost of revenue, research and development, sales and marketing, and general and administrative expenses for the periods include stock-based compensation expense as follows:  

     Year EndedDecember 31,

     2024

     2023

     (in thousands)

     Cost of revenue
      
     $
     4,740

     $
     2,819