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.
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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