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Mar 31, 2025
Ionq Q1 2025 Earnings Report
IonQ reported its Q1 2025 financial results with a net loss of $32.3 million and revenue slightly above guidance at $7.6 million.
Key Takeaways
IonQ posted a $32.3 million net loss despite achieving revenue above expectations. The company closed a $22M system deal with EPB and advanced its quantum networking roadmap through multiple acquisitions.
Revenue for Q1 2025 was $7.6 million, slightly above the midpoint of guidance.
IonQ posted a net loss of $32.3 million and an adjusted EBITDA loss of $35.8 million.
Closed a $22 million deal with EPB to establish the first commercial quantum computing and networking hub.
Announced acquisitions of Lightsynq and Capella to accelerate its quantum networking roadmap.
Forward Guidance
IonQ expects total revenue for full year 2025 between $75 million and $95 million, with Q2 guidance between $16 million and $18 million.
Positive Outlook
- Q2 revenue expected to increase to $16M–$18M.
- Full year revenue projected to reach up to $95M.
- Strong cash position of $697.1M enhances execution capability.
- Increased system availability through global cloud partners.
- Acquisitions poised to accelerate roadmap in quantum computing and networking.
Challenges Ahead
- Continued net losses and negative adjusted EBITDA.
- High operating expenses impacting profitability.
- Dependency on government and large enterprise contracts for revenue.
- Technology commercialization still in early stages.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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