Key Highlights
- IonQ reported $130 million in annual revenue for 2025, a significant 202% year-over-year growth.
- The company exceeded its guidance by beating both top and bottom line, marking it as the first quantum company with over $100 million in GAAP revenue.
- IonQ announced an agreement to acquire SkyWater Technology, aiming to become the largest quantum merchant supplier globally.
- The fourth quarter saw strong organic growth of nearly 80% year-over-year and continued expansion into new markets like Switzerland, Slovakia, and Romania.
IonQ’s Q4 and Full-Year Financials: A Quantum Leap Forward
IonQ, the world’s leading quantum platform company, reported stellar financial results for 2025. The company achieved $130 million in annual revenue, a remarkable 202% year-over-year growth. This outperformance is significant as it positions IonQ as the first public quantum company to surpass the $100 million mark in GAAP revenue.
CEO Niccolo de Masi shared his excitement: “I am pleased to share that IonQ has significantly outperformed our revenue guidance range, exceeding the midpoint by 55% for the fourth quarter and 20% for the full year. This growth is fueled by organic expansion and strong commercial traction.”
A Strategic Move into Full-Stack Quantum
IonQ’s strategic evolution has been nothing short of transformative. The company now offers a full-stack quantum platform, leading in computing, networking, sensing, security, and merchant supply. This comprehensive approach is designed to meet the diverse needs of both commercial and government sectors.
The announcement of an agreement with SkyWater Technology marks another significant milestone.
The acquisition aims to create the best-capitalized and largest quantum merchant supplier in the world. De Masi highlighted, “Together, we intend to ensure the entire U.S. quantum industry will deliver and scale onshore with trusted processes for the good of the nation.”
Global Expansion and Strategic Collaborations
IonQ’s international expansion is gaining momentum. The company sold its fifth-generation 100-qubit system to KISTI in Korea, anchoring a significant quantum-classical compute platform. Additionally, IonQ has expanded agreements with partners like Quantum Basel, totaling over $60 million across four years and four generations of IonQ systems.
Financial Outlook for 2026
For the full year 2026, IonQ expects revenue to be between $225 million and $245 million. However, the company anticipates an Adjusted EBITDA loss of between ($330) million and ($310) million due to uncertain factors like changes in fair value of warrant liabilities.
De Masi concluded with his vision for 2026: “We are confident that our strong backlog and targeted view of the pipeline will ensure continued momentum. Our strategic positioning as a full-stack quantum platform is well-suited to meet the growing demand for hybrid AI, HPC, and NVIDIA acceleration in next-generation computing strategies.”
IonQ’s financial results underscore its commitment to innovation and market leadership. As the company continues to expand its offerings and deepen its partnerships, it positions itself as a key player in the rapidly evolving quantum technology landscape.