IonQ FY2025 revenue of $130M up 202%, becomes first quantum company above $100M annual GAAP revenue
On 2026-02-25 IonQ reported full-year 2025 revenue of $130.0 million, up 202% year over year and ~20% above guidance, with Q4 2025 revenue of $61.9 million (about 55% above the guidance midpoint). IonQ said it is the first quantum company to exceed $100 million of annual GAAP revenue, and reported cash, cash equivalents and investments of $3.3 billion as of 2025-12-31. The company guided to 2026 revenue of $225-245 million. Disclosed via Form 8-K (Item 2.02) and Form 10-K.
Crossing $100M in annual GAAP revenue (a first for the sector) with 202% growth, a guidance beat, and a $3.3B cash position is a landmark commercial print for the largest public quantum pure-play, and the 2026 guide implies continued near-doubling; this is a top-of-earnings-band result.
A >$3B balance sheet underwrites IonQ's acquisition strategy (SkyWater, plus prior deals) and the $225-245M 2026 guide; sustained triple-digit growth, if delivered, would further separate IonQ from peers and validate the roll-up-and-vertical-integration thesis against its rich valuation.