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IonQ IONQ Q1 2025 earnings

Reported May 7, 2025 · After market close

Revenue$7.6MBeat by $56.8K
EPS-$0.14Beat by $0.12
Revenue estimate$7.5M
EPS estimate-$0.26

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$71.7M
EPS estimate-$0.75

Financials

Q1 2025

Income statement

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Revenue$7.6M-0.2%
Gross profit$3.3M-22.0%
Operating income-$75.7M-43.1%
Net income-$32.3M+18.5%
EPS (diluted)-$0.14+26.3%

Balance sheet

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Cash & equivalents$162.4M+160%
Total debt$17.4M+11.1%
Total equity$765.0M+59.5%
Total assets$850.1M+56.3%

Cash flow

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Operating cash flow-$33.0M-61.4%
CapEx$2.3M-26.5%
Free cash flow-$35.3M-49.7%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$5.27B+154%
Enterprise value$5.13B+152%
P/S122.4×+40.4×

Profitability

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Gross margin50.1%-8.5pp
Operating margin-592.8%-89.3pp
Net margin-753.2%+105pp
FCF margin-314.5%-55.0pp

Returns & leverage

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Return on equity-52.1%+72.3pp
Debt / equity0×0.0×
Current ratio13.2×+1.4×

Segments

By product

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Platform Consulting And Support Services$4.5M+13.6%

FAQ

When did IonQ report Q1 2025 earnings?
IonQ (IONQ) reported Q1 2025 earnings on May 7, 2025 after market close.
What were IonQ's Q1 2025 revenue and EPS?
IonQ reported revenue of $7.6M and eps of $-0.14 for Q1 2025.
Did IonQ beat estimates in Q1 2025?
Revenue beat the consensus estimate of $7.5M by $56.8K. EPS beat the consensus estimate of $-0.26 by $0.12.
How did IonQ's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 0.2% from $7.6M a year earlier and eps grew 26.3% from $-0.19.
Where can I find IonQ's Q1 2025 SEC filings?
You can read the 8-K earnings release (0001193125-25-113853) and the 10-Q periodic report (0000950170-25-065699) directly on SEC EDGAR. The filing index links above go to sec.gov.