Overview
- The stock jumped 21.7% to close at $40.88 on Thursday, with trading volume of 66.4 million shares well above the three‑month average.
- Q4 revenue reached $61.9 million, lifting full‑year 2025 revenue to $130 million and marking the first time a public quantum firm surpassed $100 million.
- For 2026, IonQ guided revenue to $225–$245 million and flagged an adjusted EBITDA loss of up to $330 million after reporting a 2025 attributable net loss of $510 million.
- The company ended 2025 with $3.3 billion in cash, cash equivalents and investments, as management noted commercial customers comprised over 60% of revenue and international sales exceeded 30%.
- IonQ is pursuing the acquisition of SkyWater Technology to bring chip production in‑house and is targeting a 256‑qubit system in Q4 2026, while also being selected to compete under the Missile Defense Agency’s SHIELD/Golden Dome IDIQ as analysts remain split on valuation.