IonQ Reports $130 Million in 2025 Revenue, Tripling Prior Year Results

IonQ has reported $130 million in revenue for 2025, more than tripling the prior year’s results and marking a significant milestone as the first public quantum company to surpass $100 million in annual GAAP revenue. The company attributes this 202% year-over-year growth to both organic expansion and increasing commercial adoption of its quantum platform. “I am pleased to share that IonQ has once again significantly outperformed our revenue guidance range,” said Niccolo de Masi, Chairman and CEO, noting the company exceeded expectations by 20% for the full year. This financial performance coincides with IonQ’s strategic evolution into a full-stack quantum platform—encompassing computing, networking, sensing, security, and merchant supply—and the announced acquisition of SkyWater Technology to establish a domestically-focused quantum manufacturing capability.

$130.0 Million Revenue: 2025 Financial Performance & Growth

This represents a 202% year-over-year increase, driven by both organic expansion and growing commercial adoption of quantum technologies. The company’s financial performance substantially exceeded initial projections, surpassing the midpoint of guidance by 20% for the full year and 55% for the fourth quarter, with $61.9 million in revenue reported for that period. This success is particularly noteworthy given the nascent stage of the quantum computing industry, demonstrating increasing confidence and investment from both public and private sectors. The expansion isn’t limited to revenue figures; IonQ’s customer base is diversifying, with over 60% of 2025 revenue originating from commercial clients and more than 30% stemming from international sales.

This global reach and commercial traction are crucial indicators of the widening applicability of quantum solutions beyond purely research-based applications. “2025 was a year of tremendous accomplishments and both a strategic and financial inflection point for IonQ,” said Niccolo deMasi, Chairman and CEO. “We became the first public quantum company in history with more than $100 million in GAAP revenue.” Furthermore, the company reports nearly 80% year-over-year organic growth, suggesting a sustainable trajectory independent of acquisitions or one-time gains. IonQ anticipates this momentum will continue, projecting revenue between $225 million and $245 million for 2026, with a midpoint guidance of $235 million. A key component of IonQ’s future strategy is the acquisition of SkyWater Technology, a leading quantum chip foundry. This move aims to establish a well-capitalized, domestic merchant supplier for the entire U.S. quantum industry, addressing concerns about geopolitical supply chain vulnerabilities.

According to deMasi, “SkyWater helps us build an IonQ platform that customers—especially government and other mission-driven buyers—can trust and plan around irrespective of geopolitics.” Inder Singh, CFO and COO, emphasized the strength of the company’s financial position, noting that as of December 31, 2025, IonQ held $3.3 billion in cash, cash equivalents, and investments. This robust financial standing will be critical for funding ongoing research and development, scaling manufacturing capabilities, and solidifying IonQ’s position as a leader in the rapidly evolving quantum landscape.

SkyWater Technology Acquisition Expands U.S. Quantum Supply

The intensifying global race to develop practical quantum computers is increasingly defined by supply chain security, and IonQ is making a significant move to solidify domestic production capabilities. Beyond achieving substantial revenue growth – reporting $130.0 million for the full year 2025, a 202% year-over-year increase – the company is strategically addressing a critical bottleneck in the burgeoning quantum industry: the availability of domestically manufactured quantum chips. quantum industry, effectively internalizing a key component of its manufacturing process and reducing reliance on potentially vulnerable international sources. This acquisition isn’t merely about cost savings; it’s about ensuring a secure and reliable foundation for future quantum development within the United States. The implications of this vertical integration extend beyond IonQ’s own operations. The company’s expansion isn’t limited to manufacturing; a broadened agreement with QuantumBasel now spans four years and exceeds $60 million, demonstrating continued international collaboration alongside the push for domestic resilience. Furthermore, the sale of a fifth-generation, 100-qubit system to KISTI in Korea underscores IonQ’s global reach and the growing demand for advanced quantum computing power, positioning hybrid AI, HPC, and NVIDIA acceleration at the core of Korea’s next-generation compute strategy.

QuantumBasel & KISTI Partnerships Drive System Deployment

IonQ’s strategic expansion is increasingly reliant on key international partnerships, most notably with QuantumBasel and the Korea Institute of Science and Technology (KISTI), as the company scales its full-stack quantum platform. Beyond reported revenue of $130.0 million for 2025—a 202% year-over-year increase—these collaborations are solidifying IonQ’s position as a global provider of quantum solutions, extending its reach into both European and Asian markets. The expanded agreement with QuantumBasel, now exceeding $60 million over four years and encompassing four generations of IonQ systems, demonstrates a sustained commitment to long-term development and deployment of advanced quantum infrastructure. This partnership isn’t merely about hardware; it’s about fostering a collaborative ecosystem for quantum innovation across multiple generations of technology, ensuring continued access to the latest advancements for QuantumBasel’s network.

This installation isn’t simply about computational power, but about strategically positioning Korea at the forefront of next-generation computing, integrating hybrid AI, high-performance computing (HPC), and NVIDIA acceleration. The system is intended to serve as a national resource, driving advancements in areas like materials science, drug discovery, and cybersecurity. The KISTI partnership underscores a growing trend of national investment in quantum infrastructure, recognizing its potential to reshape technological landscapes. Furthermore, IonQ’s ambitions extend beyond simply selling systems; the acquisition of SkyWater Technology is intended to create a “well-capitalized merchant supplier for the entire U.S.

Full-Stack Platform: Expansion into Networking & Security

IonQ is rapidly evolving beyond quantum computation, establishing itself as the first company to offer a truly comprehensive, full-stack quantum platform—a development with significant implications for secure communication and advanced sensing technologies. While much attention remains focused on the potential of quantum computers to solve complex calculations, IonQ’s expansion into quantum networking, sensing, and security represents a broadening of the technology’s practical applications and a strategic move to capture a larger share of the emerging quantum market. This integrated approach addresses a critical need for end-to-end solutions, moving beyond isolated quantum processing units to encompass the infrastructure required for real-world deployment. The company’s recent achievements demonstrate this broadening scope. In 2025, IonQ successfully deployed large-scale, operational national quantum networks in Switzerland, Slovakia, and Romania, showcasing the feasibility of secure quantum key distribution and potentially unhackable communication channels.

This capability is particularly relevant given increasing concerns about data privacy and cybersecurity threats, and positions IonQ as a key player in the development of next-generation secure networks. “We expanded and deepened our platform into quantum networking, quantum sensing, and quantum security.” This full-stack strategy is underpinned by a significant financial commitment, with IonQ reporting $130.0 million in annual revenue, representing 202% year-over-year growth. quantum industry.

$3.3 Billion Investment Fuels 2026 Revenue Guidance

Conventional wisdom suggests quantum computing remains a distant prospect, locked within research labs and years away from practical application, but IonQ’s recent financial performance demonstrates a starkly different trajectory. Beyond simply securing capital, IonQ is actively reshaping the quantum landscape, moving beyond theoretical development toward a fully integrated, commercially viable platform. This strategic evolution, encompassing quantum computing, networking, sensing, security, and merchant supply, has fueled a projected revenue range of $225 million to $245 million for 2026. quantum industry. The company’s success isn’t solely driven by large-scale contracts; a significant portion of revenue stems from commercial clients. Inder Singh, CFO and COO, noted that “In our 2025 revenues of $130.0 million, more than 60% came from commercial customers, demonstrating that quantum is resonating with the commercial sector.” Furthermore, international sales account for over 30% of revenue, indicating a broadening global reach. IonQ’s 2025 results also revealed nearly 80% year-over-year organic growth, a rate the company anticipates will continue into 2026.