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IonQ

IONQ Q1 2025 Earnings

Reported May 7, 2025 at 12:15 PM ET · SEC Source

Q1 25 EPS

$-0.14

BEAT +3.45%

Est. $-0.15

Q1 25 Revenue

$7.6M

BEAT +0.76%

Est. $7.5M

vs S&P Since Q1 25

+31.0%

BEATING MARKET

IONQ +58.5% vs S&P +27.5%

Market Reaction

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 cons… Read more 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 $0.15 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
24/7 Wall St

IONQ YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

“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.”

— Niccolo de Masi, Q1 2025 Earnings Press Release

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