IonQ
IonQ fiscal 2025 annual report
Fiscal 2025 (ended Dec 31, 2025) · Filed Feb 25, 2026Original
An annual report (10-K, or 20-F for a foreign company) is the business report a US-listed company files with the SEC every year.
How much did IonQ sell in fiscal 2025?
As stated in annual reports · fiscal 2021–2025
Fiscal 2025 revenue
$130M+201.9% vs prior year
Net loss $510.4M
| Fiscal year | Revenue | Net income |
|---|---|---|
| 2021 | $2.1M | −$106.2M |
| 2022 | $11.1M | −$48.5M |
| 2023 | $22M | −$157.8M |
| 2024 | $43.1M | −$331.6M |
| 2025 | $130M | −$510.4M |
Fiscal 2025 (ended Dec 31, 2025) · Filed Feb 25, 2026Whalegun
- Revenue
- $130M
- +201.9% vs prior year
- Operating income
- −$633.7M
- 487.4% of revenue
- Net income
- −$510.4M
- 392.6% of revenue
- Diluted EPS
- −$1.82
- Operating cash flow
- −$283.2M
- Free cash flow
- −$299.6M
Key points the company states
IonQ sells quantum computers, networking, sensing and security products and cloud access
- The company calls itself the world's first and only quantum platform company.
- It sells quantum computing hardware, networking, sensing and security products and maintenance.
- Its computers are offered through Amazon Braket, Azure Quantum, Google Cloud Marketplace and its own cloud.
IonQ's 2025 revenue rose 202% to $130.0 million, and the net loss grew to $510.4 million
- Revenue rose 202% to $130.0 million, which the company attributes to its hardware build arrangements and acquisitions.
- Research and development rose 123% to $305.7 million and general and administrative rose 245% to $245.1 million.
- Loss from operations was $633.7 million and net loss attributable to IonQ was $510.4 million.
IonQ: 64 risk factors
4 headings new since last year
- Economy and demand3
- Competition3
- Supply and manufacturing1
- Operations15
- Technology and security6
- Law and regulation16
- Trade and geopolitics2
- Finance6
- People1
- Stock and governance11