NYSE$IONQ

IONQ Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

IonQ reported Q1 2025 revenue of $7.6M with a net loss of $32.3M and diluted EPS of $(0.14).

Revenue was $7.6 million from quantum-computing hardware and platform services as customer concentration remained high. Net loss was $32.3 million, or $0.14 per diluted share, reflecting R&D and commercialization spend ahead of broader revenue scale.

  • Q1 revenue $7.6M.
  • Net loss $32.3M; diluted EPS $(0.14).
  • Platform and consulting mix; two customers >10% of revenue.
  • Quantum system deployments and government partnerships.

Headline financials

Total Revenue

$7.57M

Previous: $7.58M-0.2%
EPS (adj)

-$0.14

Previous: -$0.19+26.3%
Adjusted EBITDA

-$35.8M

No prior period
Capital Expenditures

-$2.31M

Previous: -$3.14M+26.5%
Net Income

-$32.3M

Previous: -$39.6M+18.5%
Operating Income

-$75.7M

Previous: -$52.9M-43.1%

Revenue & EPS history

Ionq · Revenue · Quarterly

$7.57M

Q1 2025-0.2%vs Q1 2024
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Forward guidance

IonQ discusses customer deployments and R&D roadmap; pre-profit company without traditional EPS guidance.

Tailwinds

  • Government and cloud partnerships.
  • System bookings and QCaaS pipeline.
  • Technology milestones on trapped-ion platform.

Headwinds

  • Customer concentration risk.
  • Heavy R&D spend ahead of revenue scale.
  • Commercialization timing uncertainty.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+4.5%

Avg return

Earnings day

+6.6%

Avg return

5 days after

+1.6%

Avg return

30 days after

45%

9 / 20 earnings

Positive

+34.9%

Q2 2022

Best reaction

-16.8%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-9.3%+6.2%+8.4%
Q4 2025+13.3%+10.3%-18.1%
Q3 2025-1.3%-1.8%-4.9%
Q1 2025+9.6%+14.0%+33.9%
Q4 2024-16.8%-25.3%-23.7%
Q3 2024+6.4%+21.0%+71.7%
Q2 2024-1.4%-6.8%-5.7%
Q1 2024+6.6%+1.6%-8.9%
Q4 2023-10.5%-12.8%-13.7%
Q3 2023-2.1%+0.7%+19.4%
Q2 2023-1.0%-14.6%+19.0%
Q1 2023+25.8%+39.8%+56.5%
Q4 2022+19.9%+37.8%+7.4%
Q3 2022-12.5%+10.6%-12.3%
Q2 2022+34.9%+6.6%-6.8%
Q1 2022+9.8%+8.3%-3.8%
Q2 2021-6.0%-1.4%-37.8%
Q4 2021-6.0%-1.4%-37.8%
Q3 2021+30.9%+39.0%-11.5%
Q4 2020+0.0%-0.2%-0.3%
Q2 2020
Q1 2020

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