Companies /Technology

IonQ Inc

NYSE: IONQ Computer Hardware
$40.34
▲ $3.50 (+9.50%) today
Markets closed · 11:59pm ET

Q1 2025 Earnings

Reported May 7, 2025, 12:15pm ET · SEC source
$-0.14
Beat +3.45%
EPS · est. $-0.15
$7.6M
Beat +0.76%
Revenue · est. $7.5M
+18.1%
Beating market
IONQ vs S&P since report
4 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+5%+10%May 7May 8report 12:15pm ETearnings+0.8%+8.4%
0+5%+10%May 7May 8earnings+0.8%+8.4%
IONQ +8.4%S&P 500 +0.8%
0+5%+10%May 7May 8report 12:15pm ETearnings+1.5%+8.4%
0+5%+10%May 7May 8earnings+1.5%+8.4%
IONQ +8.4%NASDAQ +1.5%
0+6%+12%+18%May 6May 15report 12:15pm ETearnings+5.1%+13.4%
0+6%+12%+18%May 6May 15earnings+5.1%+13.4%
IONQ +13.4%S&P 500 +5.1%
0+6%+12%+18%May 6May 15report 12:15pm ETearnings+8.0%+13.4%
0+6%+12%+18%May 6May 15earnings+8.0%+13.4%
IONQ +13.4%NASDAQ +8.0%
+9.27%
Day of report
−1.79%
Next session
+2.20%
One week
+24.81%
30 days

S&P 500 over the same 30 days: +6.73%.

Did IONQ Beat Earnings? Q1 2025 Results

IonQ opened 2025 on a constructive note, posting a narrow beat on both the top and bottom lines as the quantum computing company works to scale its commercial footprint. Revenue came in at $7.57 million for Q1 2025, edging past the $7.51 million consensus estimate by 0.76% and landing above the midpoint of management's own guidance range, even as the figure was essentially flat year-over-year, dipping just 0.2%. The per-share loss of $0.14 bested the $0.145 consensus by 3.45%, while the net loss narrowed meaningfully to $32.25 million from $39.59 million a year ago, aided by a $38.49 million non-cash gain on warrant liabilities. The strategic story arguably overshadowed the financials, with IonQ closing its acquisition of ID Quantique and announcing pending deals for Lightsynq Technologies and Capella — moves designed to accelerate its quantum networking roadmap. A landmark $22 million deal with EPB to establish a quantum computing hub in Chattanooga added commercial weight. Looking ahead, management guided full-year 2025 revenue to $75 million–$95 million, with Q2 expected between $16 million and $18 million.

Key Takeaways
  • Revenue above midpoint of guidance for Q1
  • $372.6 million raised through ATM facility strengthening balance sheet
  • $22 million EPB deal including Forte Enterprise system sale
  • Expansion of quantum networking business through acquisitions

“I am pleased with the strong start to the year at IonQ, including revenue above the midpoint of guidance for the first quarter and almost $700 million in cash equivalents as of March 31. We delivered important commercialization and expansion milestones for both our quantum computing and quantum networking businesses.”

IonQ CEO, on the earnings call

Forward Guidance & Outlook

For full year 2025, IonQ expects organic and inorganic revenue to be between $75 million and $95 million, with Q2 2025 revenue expected between $16 million and $18 million. The company is pursuing aggressive expansion through acquisitions (Lightsynq, Capella, ID Quantique) to accelerate both quantum computing and quantum networking capabilities, targeting systems with tens-of-thousands and eventually millions of qubits.

IONQ YoY Financials

Q1 2025 vs Q1 2024 · SEC filings Q1 2024 Q1 2025
$-150,000,000$-100,000,000$-50,000,000$0$7.6M$7.6MRevenue$-133,073,677$-75,679,000Operating Income$-27,207,694$-32,252,000Net Income
$-150,000,000$-100,000,000$-50,000,000$0RevenueOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.