| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 39.87 | 92.7% | 221.5% |
| Total Income | 39.87 | 92.7% | 221.5% |
| Expenditure | 208.68 | 15.1% | 218.4% |
| PBT | -1.1K | 449.8% | 1919.9% |
| Net Profit | -1.1K | 496.6% | 1909.5% |
| OPM | — | ||
| NPM | — | ||
| EPS | -3.58 | 411.4% | 1391.7% |
IonQ Announces Q3 2025 Revenue of $39.9M, Up 222% Y-o-Y
04 May 2026 · 4 May, 7:55 am
Summary
IonQ announced its financial results for the third quarter ended September 30, 2025, reporting revenue of $39.9 million, a 222% increase year-over-year and 37% above the high end of the previously provided guidance. The company achieved several technical milestones, including a world-record two-qubit gate performance and reaching #AQ 64 on its IonQ Tempo system ahead of schedule. IonQ also completed the acquisitions of Oxford Ionics and Vector Atomic. The company is raising its full year 2025 revenue expectations to between $106 million and $110 million.
Key Highlights
- 1
IonQ's revenue for the third quarter was $39.9 million, exceeding the high end of the guidance range by 37% and representing 222% year-over-year growth.
- 2
The company achieved a world-record 99.99% two-qubit gate performance, marking a significant step towards full fault-tolerant quantum computing.
- 3
IonQ achieved its 2025 technical milestone of #AQ 64 on IonQ Tempo three months ahead of schedule.
- 4
A new contract was awarded to IonQ with Oak Ridge National Laboratory to develop advanced energy applications and accelerate quantum-classical workflows.
- 5
Pro-forma cash, cash equivalents, and investments as of September 30, 2025, totaled $3.5 billion after a $2 billion equity offering on October 14, 2025.
- 6
IonQ completed the acquisitions of Oxford Ionics and Vector Atomic, enhancing its full-stack quantum platform.
Management Comments
Niccolo de Masi
I am pleased to report that we once again beat the high end of our revenue guidance, this time by 37%. We are also raising our revenue expectations for the full year to $110 million at the high end of guidance. We delivered our 2025 technical milestone of #AQ 64 three months early, unlocking 36 quadrillion times more computational space than leading commercial superconducting systems. We achieved a truly historic milestone by demonstrating world-record 99.99% two-qubit gate performance, underscoring our path to 2 million qubits and 80,000 logical qubits in 2030. Our technical achievements continue to solidify IonQ’s quantum platform as the most complete and powerful in the world, with a correspondingly larger addressable global market. Our Electronic Qubit Control systems and world-record fidelity, combined with uniquely low unit economics at full fault tolerance, underpin IonQ as the global leader in a class of its own in quantum computing. Meanwhile, we are on a clear trajectory to deliver critical quantum cybersecurity infrastructure, ultra-precise quantum navigation, quantum timing solutions, and large-scale networked quantum systems. Now with $3.5 billion of pro-forma net cash, we are continuing to reap the compounding benefits of our scale and momentum advantages, entrenching our position as the dominant force in quantum and the only complete platform solution. I am confident in our ability to deliver growth and value creation for IonQ shareholders in 2026.
Informational and educational content only. Not investment advice.