NYSE$IONQ
IONQ Inc · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
IonQ reported Q4 2025 revenue of $61.9M and GAAP net income of $753.7M, with diluted EPS of $2.13.
Fourth-quarter revenue of $61.9 million rose 429% year over year; full-year revenue reached $130.0 million (+202%). GAAP net income was $753.7 million ($2.13 diluted EPS), reflecting warrant and fair-value items; the company guides 2026 revenue of $225M–$245M.
- Q4 revenue $61.9M (+429% YoY).
- Full-year revenue $130.0M (+202%).
- 2026 revenue guidance $225M–$245M.
- First public quantum company above $100M annual GAAP revenue.
Headline financials
Revenue & EPS history
Ionq · Revenue · Quarterly
$61.9M
Forward guidance
IonQ guided 2026 revenue of $225M–$245M with Q1 revenue of $48M–$51M, expecting higher organic growth than in 2025.
Tailwinds
- 2026 revenue midpoint $235M.
- Commercial customers >60% of 2025 revenue.
- Platform expansion in networking, sensing, and security.
Headwinds
- GAAP earnings volatile from warrant fair-value marks.
- Quantum commercial adoption still early-stage.
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 Q4 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
| Quarter | Report date | Reaction (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 | — | — | — |
Discussion
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