IonQ Financial Results Q4 2025: Break $130M Revenue Records
First quantum company to reach $100 million in annual revenue, IonQ breaks records
IonQ Financial Results 2025
On February 25, 2026, IonQ became the first public quantum company to generate more than $100 million in GAAP revenue, a notable quantum computing milestone. The fiscal year 2025 report of $130.0 million exceeded expectations by 20% and saw a 202% year-over-year rise.
IonQ CEO Niccolo de Masi considers the discoveries a strategic and financial “inflection point” as the company converts from a hardware developer into the world's first “full-stack quantum platform company.” In addition to compute, quantum networking, sensing, security, and merchant supply are involved.
Amazing Fourth Quarter
Fourth Quarter and Year 2025 Financial Highlights
Fourth-quarter revenue was $61.9 million, up 429% year-over-year and 55% over the indicated range.
Full-year revenue was $130.0 million, 202% above the midpoint.
On December 31, 2025, cash, investments, and cash equivalents were $3.3 billion.
Fourth-quarter net income was $753.7 million and GAAP EPS was $2.13.
In 2025, GAAP EPS was $1.82 and net loss $510.4 million.
For the fourth quarter and year, adjusted EBITDA loss was $67.3 million and $168.8 million.
Adjusted EPS was $0.20 and $0.60 for the fourth quarter and year.
The end of this release reconciles non-GAAP adjusted EBITDA and adjusted EPS to net loss and GAAP EPS, the nearest GAAP figures.
Fourth Quarter and Recent Business Highlights
The $60 million Quantum Basel arrangement covers four generations of IonQ systems over four years.
KISTI bought a fifth-generation, 100-qubit system, creating the nation's largest quantum-classical computing platform and putting hybrid AI, high-performance computing, and NVIDIA acceleration at the center of Korea's next-generation computing strategy
Strategic partnership with CCRM to accelerate advanced medicine development in quantum-enabled life sciences
Operational, large-scale national quantum networks in Slovakia, Romania, and Switzerland DARPA selected IonQ for Phase B of the Quantum Benchmarking Initiative due to its quantum capabilities.
SkyWater Purchase Protects Supply Chain The acquisition of SkyWater Technology by IonQ is part of their long-term strategy. This effort seeks to become the largest global “quantum merchant supplier” to ensure an onshore quantum chip supply.
“SkyWater helps us build an IonQ platform that customers, especially government and mission-driven buyers, can trust and plan around regardless of geopolitics,” de Masi said. The purchase will provide the U.S. quantum sector with trustworthy semiconductor-based scaling approaches.
Global and Commercial Appeal
Financial estimates for 2025 show a trend toward commercial viability. CFO and COO Inder Singh reported that over 60% of the year's revenue came from commercial clients, proving that quantum solutions are not just for academic research.
With over 30% of revenue from outside the US, the company is globalizing. World milestones in 2025:
The fifth-generation, 100-qubit gadget purchased by KISTI will anchor South Korea's largest quantum-classical computing infrastructure.
An enhanced $60 million QuantumBasel agreement covers four generations of IonQ equipment in Switzerland. European Networking: Romania, Slovakia, and Switzerland are building large quantum networks. See also Two-Timescale Relaxometry Reveals Qubit Noise Cause.
Tech Leadership and the “Tempo” Era
IonQ's financial success is built on record-setting technology. In 2025, the company set a global record with 99.99% two-qubit gate fidelity, improving complex quantum computing.
With its next system, IonQ Tempo, the company is pushing faster toward a semiconductor roadmap. This next-generation hardware is expected to give Amazon Web Services, AstraZeneca, and NVIDIA 20x performance results, advancing medicine research, logistics, and cybersecurity. DARPA selected IonQ for Phase B of the Quantum Benchmarking Initiative to test their technology.
Anticipating 2026
IonQ expects 2026 sales of $225–245 million. This estimate anticipates organic growth above 80% year-over-year in 2025.
“We have now integrated our capabilities to create powerful operating momentum into 2026,” de Masi said. Corporation revenue is predicted to reach $48 million to $51 million in the first quarter of 2026.
IonQ's March fireside discussions with Morgan Stanley and Cantor Global Technology will show investors that the quantum era is a $100 million reality, not just a future possibility. IonQ, a “complete quantum platform in all domains and continents,” may lead global computing.









