Company: IONQ
Filing Date: 2025-10-17
Form Type: 424B7
Source: 0000950142-25-002828
Chunk: 3

Company: IonQ, Inc.
Filing Date: 2025-10-17
Form: 424B7
Chunk 3
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 our proprietary technology, our architecture, and the technology exclusively available to us through license agreements will offer
us advantages both in terms of research and development, as well as the commercial value of our intended product offerings.

Today, we sell specialized
quantum computing and networking hardware together with related maintenance and support. We also sell access to several quantum computers
of various qubit capacities and are in the process of researching and developing technologies for quantum computers with increasing computational
capabilities. We currently make access to our quantum computers available via three major cloud platforms, Amazon Web Services’
(“AWS”) Amazon Braket, Microsoft’s Azure Quantum and Google’s Cloud Marketplace, and also to select customers
via our own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (“QCaaS”).

We supplement our offerings
with professional services focused on assisting our customers in applying quantum computing and networking to their businesses. We also
sell and expect to sell full quantum computing systems to customers, either over the cloud or for local access. We also offer quantum
networking products which offer customers secure communication networks and enable networked quantum computing.

We are still in the
early stages of commercial growth. Since our inception, we have incurred significant operating losses. Our ability to generate revenue
sufficient to achieve profitability will depend heavily on the successful development and further commercialization of our quantum computing
systems and networks. As of June 30, 2025, we had an accumulated deficit of $892.8 million. We expect to continue to incur
significant losses for the foreseeable future as we prioritize reaching the technical milestones necessary to achieve an increasingly
higher number of stable qubits and higher levels of fidelity than presently exists—prerequisites for quantum computing to reach
broad quantum advantage.

Corporate information

IonQ, formerly known as dMY Technology Group,
Inc. III (“dMY”) was incorporated in the state of Delaware in September 2020 and formed as a special purpose acquisition company.
Our wholly owned subsidiary, IonQ Quantum, Inc. (formerly known as IonQ, Inc., and referred to as “Legacy IonQ” herein), was
incorporated in the state of Delaware in September 2015.

On March 7, 2021, Legacy IonQ entered into an
Agreement and Plan of Merger (the “Merger Agreement”), with dMY and Ion Trap Acquisition Inc., a direct, wholly owned subsidiary
of dMY (the “Merger Sub”). Pursuant to the