IonQ, Inc., a leading innovator in quantum computing and networking, has recently unveiled its IonQ Hybrid Services suite, designed to significantly enhance the performance and utility of quantum computing for enterprise customers.
The company also announced an industry-first end-to-end application workflow demonstration leveraging NVIDIA’s CUDA-Q platform alongside its advanced quantum hardware, showcasing its commitment to advancing quantum technology.
Additionally, IonQ received five new U.S. patents, bringing its total intellectual property portfolio close to 900, further solidifying its leadership in the field.
The company expects organic and inorganic revenue for 2025 to range between $75 million and $95 million, with an anticipated Adjusted EBITDA loss of $120 million at the midpoint of this outlook. IonQ has also entered into an equity distribution agreement to raise to $500 million through an “at-the-market” offering, signaling its strategic focus on growth and innovation.
IonQ, Inc., a publicly listed quantum computing company specializing in Ion Trap Quantum Computers, offers high-performance systems like the IonQ Forte and IonQ Forte Enterprise, featuring 36 algorithmic qubits. The company has been recognized for its technology and growth in various rankings and is available through major cloud providers, making quantum computing more accessible.
IonQ’s latest quantum computing systems, IonQ Forte and IonQ Forte Enterprise, feature 36 algorithmic qubits, representing a significant advancement in the field. The company has been recognized for its technological innovation and growth, appearing in Newsweek’s 2025 Excellence Index 1000, Forbes’ 2025 Most Successful Mid-Cap Companies list, and Built In’s 2025 Best Midsize Places to Work in Washington DC and Seattle. IonQ’s systems are available through major cloud providers, making quantum computing more accessible for businesses and researchers.
Financial Highlights
- IonQ recognized revenue of $11.7 million for the quarter, exceeding the previously announced guidance range of $7.1 million to $11.1 million.
- IonQ recognized revenue of $43.1 million for the full year, exceeding the high end of the previously announced guidance range of $38.5 million to $42.5 million. This represents 95% annual growth compared to $22.0 million in the prior year.
- IonQ achieved $95.6 million in new bookings for the full year and $22.7 million for the fourth quarter, exceeding the high end of the previously announced full year financial guidance range of $75 million to $95 million.
- Cash, cash equivalents, and investments were $363.8 million as of December 31, 2024.
- Net loss was $202.0 million and Adjusted EBITDA* loss was $32.8 million** for the fourth quarter. For the full year 2024, the net loss was $331.6 million, and the Adjusted EBITDA loss was $107.2 million**, better than IonQ’s full-year Adjusted EBITDA financial outlook.
2025 Financial Outlook
- For 2025, IonQ expects organic and inorganic revenue to be between $75 million and $95 million, with between $7 million and $8 million for the first quarter.
- IonQ anticipates an Adjusted EBITDA* loss of $120 million for the full year 2025 at the midpoint of the above revenue outlook.
At-the-Market Equity Offering
For 2025, IonQ has projected revenue between $31 million and $34 million, with first-quarter revenue expected to range from $7 million to $8 million. The company anticipates an Adjusted EBITDA loss of $120 million for the full year at the midpoint of this outlook. To support its growth, IonQ has entered into an equity distribution agreement with Morgan Stanley & Co. LLC and Needham & Company LLC, enabling it to offer up to $500 million in shares through an “at-the-market” program.
IonQ will host a conference call on March 12, 2025, at 4:30 p.m. Eastern time to discuss its fourth-quarter 2024 financial results and provide a business update. The call will be accessible via telephone or webcast, with replay options available shortly after the conclusion.
Adjusted EBITDA is defined by IonQ as net loss before interest income, interest expense, income tax expense, depreciation and amortization expense, stock-based compensation, change in fair value of assumed warrant liabilities, and other non-recurring non-operating income and expenses. This measure is used to evaluate operating performance, excluding specific items not directly reflecting core operations.
IonQ’s systems, including the IonQ Forte and IonQ Forte Enterprise, are designed to deliver high-performance quantum computing capabilities. The company’s recognition in industry rankings underscores its position as a leader in the field, with a focus on making quantum computing accessible through cloud-based solutions.
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