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IonQ IONQ Q2 2025 earnings

Reported August 6, 2025 · After market close

Revenue$20.7MBeat by $3.5M
EPS-$0.70Miss by $0.57
Revenue estimate$17.2M
EPS estimate-$0.13

Next report

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

Financials

Q2 2025

Income statement

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Revenue$20.7M+81.8%
Gross profit$12.4M+115%
Operating income-$160.6M-228%
Net income-$176.8M-371%
EPS (diluted)-$0.70-289%

Balance sheet

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Cash & equivalents$143.5M+225%
Total debt$19.3M+15.8%
Total equity$1.2B+151%
Total assets$1.3B+160%

Cash flow

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Operating cash flow-$52.6M-97.8%
CapEx$1.2M-84.1%
Free cash flow-$53.8M-57.8%

Valuation & ratios

Valuation

as of 06/30/25
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Market cap$10.69B+619%
Enterprise value$10.57B+624%
P/S204.1×+156×

Profitability

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Gross margin53.8%-0.7pp
Operating margin-700.6%+79.2pp
Net margin-885.2%+1,931pp
FCF margin-296.2%-52.6pp

Returns & leverage

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Return on equity-57.1%+145pp
Debt / equity0×0.0×
Current ratio7.8×-5.4×

Segments

By product

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Platform Consulting And Support Services$6.6M+63.9%

FAQ

When did IonQ report Q2 2025 earnings?
IonQ (IONQ) reported Q2 2025 earnings on August 6, 2025 after market close.
What were IonQ's Q2 2025 revenue and EPS?
IonQ reported revenue of $20.7M and eps of $-0.70 for Q2 2025.
Did IonQ beat estimates in Q2 2025?
Revenue beat the consensus estimate of $17.2M by $3.5M. EPS missed the consensus estimate of $-0.13 by $0.57.
How did IonQ's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 81.8% from $11.4M a year earlier and eps declined 288.9% from $-0.18.
Where can I find IonQ's Q2 2025 SEC filings?
You can read the 8-K earnings release (0001193125-25-174493) and the 10-Q periodic report (0000950170-25-104066) directly on SEC EDGAR. The filing index links above go to sec.gov.