Company: IONQ
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027722
Chunk: 63

Company: IonQ, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 6
Chunk 63
---
 30 days’ prior written notice of redemption; and •if, and only if, the closing price of common stock equals or exceeds $10.00 per public share (as adjusted) for any 20 trading days within the 30-trading day period ending three trading days before the Company sends notice of redemption to the warrant holders. No public warrants have been redeemed by the Company as of December 31, 2024. 15. REVENUEDisaggregated RevenueThe Company's revenues disaggregated by revenue source is as follows (in thousands): 

         Year EndedDecember 31,

         2024

         2023

         2022

         Specialized quantum computing hardware
          
         $
         21,594

         $
         7,083

         $
         239

         Platform, consulting and support services

         21,479

         14,959

         10,892

         Total revenue
          
         $
         43,073

         $
         22,042

         $
         11,131

        The Company's revenues disaggregated by customer location is as follows (in thousands): 

         Year EndedDecember 31,

         2024

         2023

         2022

         United States
          
         $
         40,714

         $
         18,703

         $
         9,175

         International

         2,359

         3,339

         1,956

         Total revenue
          
         $
         43,073

         $
         22,042

         $
         11,131

       Remaining Performance ObligationsAs of December 31, 2024, approximately $77.2 million of revenue is expected to be recognized from remaining performance obligations that are unsatisfied (or partially unsatisfied), including both funded (firm orders for which funding has been both authorized and appropriated by the customer) and unfunded (firm orders for which funding has not been appropriated) orders. Unexercised contract options are not included in remaining performance obligations until the time the option is exercised. The 

F-27

 Company expects approximately 40% of the remaining performance obligations to be recognized as revenue within the next twelve months. Unearned RevenueThe following table summarizes the changes in unearned revenue for the years ended December 31, 2024, 2023 and 2022 (in thousands):