IonQ Posts 429% Q4 Revenue Surge to $61.9M, Guides $225–245M in 2026
IonQ reported Q4 2025 revenue of $61.9M, up 429% year-over-year, driving full-year revenue of $130M, a 202% increase over 2024. For 2026, the company guided revenue of $225M–$245M and adjusted EBITDA of –$310M to –$330M, backed by $3.3B cash and $370M in remaining performance obligations.
1. Record Q4 and Full-Year Revenue
IonQ posted Q4 2025 revenue of $61.9M, up 429% year-over-year, exceeding the midpoint guidance by 55%, and achieved full-year revenue of $130M, representing 202% growth.
2. 2026 Guidance and Financial Position
For 2026, IonQ expects revenue of $225M–$245M and adjusted EBITDA loss of $310M to $330M due to continued R&D investment; the company finished 2025 with $3.3B in cash, equivalents, and investments.
3. Technical Progress and RPO Growth
IonQ reported 99.99% two-qubit gate fidelity, cited speed advantages up to 10,000× over leading systems, and grew remaining performance obligations to $370M from $77M at the end of 2024.
4. SkyWater Acquisition and Strategic Expansion
IonQ plans to acquire SkyWater to secure manufacturing and supply-chain control, expanding its full-stack quantum platform across computing, networking, sensing, and security.