Investing

IonQ Is Growing Like a Weed but Bleeding Cash

IonQ (NYSE: IONQ) | IONQ Price Prediction delivered a mixed Q4 2025 report on Feb. 25, posting strong revenue growth but a significant earnings miss that underscores the tension at the heart of this quantum computing story. Shares closed at…

By Jordan Chussler
Published February 26, 2026, 10:19am ET · 2 min read

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A graphic illustrating IonQ's Q4 Earnings Scorecard. On the left, a glowing quantum processor chip sits above a panel showing 'A' for Revenue Growth and '$130M FY25' with an upward arrow. In the center, a scorecard table displays grades for key metrics: Revenue (A), Earnings (D), Guidance (B), Margins (B+), Cash Gen (B), and Mgmt Tone (A-). On the right, a heavy metal weight chained from above is labeled 'Costs & Losses' against a fiery background. Below it, a panel shows 'D' for Earnings Beat/Miss and '-$0.3372 EPS' with a downward arrow. The date 'February 26, 2026' and '24/7 Wall St' logo are also visible.
IonQ's Q4 2025 earnings scorecard reveals strong revenue growth (A) contrasted with a significant earnings miss (D), highlighting the quantum computing company's mixed financial performance. © 24/7 Wall St.

IonQ (NYSE: IONQ) | IONQ Price Prediction delivered a mixed Q4 2025 report on Feb. 25, posting strong revenue growth but a significant earnings miss that underscores the tension at the heart of this quantum computing story. Shares closed at $33.59 the day of the report, leaving the stock down 25.1% year-to-date despite a full-year revenue performance that more than doubled Wall Street’s prior-year expectations.

The company reported that revenue soared 429% year-over-year to $61.9 million, significantly beating expectations and marking a key milestone for the quantum computing sector. Full-year 2025 revenue reached $130 million, with 2026 revenue guidance projected at $235 million, signaling strong commercial demand and expansion. EPS came in at a loss of 20 cents, which beat the consensus estimate of a a loss of 31 cents.

Q4 2025 Earnings Scorecard

Category Grade Key Insight
Revenue Performance A Q4 revenue hit $61.9 million, capping a full-year 2025 total of $130 million, up 202% from $43 million in 2024, and surpassing the raised guidance ceiling of $110 million.
Earnings Beat/Miss B- IonQ reported EPS of -20 cents, beating the consensus estimate of a -31 cents. 
Forward Guidance B Revenue is projected to be between $225 million and $245 million, with adjusted EBITDA losses expected to be in the range of -$310 million to -$330 million
Profit Margins B+ Q4 gross margin reached 29.6% following $18.3 million in gross revenue. 

Bottom Line

IonQ has become the first public quantum firm to hit $130M in annual revenue (202% YoY growth), with Q4 alone bringing in $61.9M. The company guided for 2026 revenue between $225 million and $245 million while projecting continued adjusted operating losses as it scales operations and integrates acquisitions. That represents a projected year-over-year growth of approximately 73% to 88% from its 2025 revenue of $130 million. 

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Jordan Chussler

Jordan specializes in a wealth of finance topics, ranging from traditional equities, income investment vehicles and alternative assets to retirement savings, debt-based fixed-income securities and commodities, with a specific focus on gold and other precious metals. He takes pride in combining his personal interests and professional experience in finance and education to help readers increase their financial literacy and make better investment choices. Jordan has worked in digital publishing for 17 years after graduating from Lynn University as a member of both the Kappa Delta Pi International Honor Society and the U.S. Achievement Academy's All-American Scholar Program. He is the investing and banking editor for Money and previously served as managing editor of Weiss Ratings. As a contributing writer for BetterInvesting Magazine, Jordan covered topics focused on the fundamentals of investing, technical and fundamental analysis, mutual funds, debt securities, dividend investing, retirement savings strategies and passive income generation. His bylines can be seen at Nasdaq.com, Apple News, Money, MSN, BetterInvesting Magazine, Money Crashers, TipRanks, the Miami Herald and a dozen other newspapers.

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