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IonQ IONQ Q3 2025 earnings

Reported November 5, 2025 · After market close

Revenue$39.9MBeat by $12.9M
EPS-$3.58Miss by $3.14
Revenue estimate$27.0M
EPS estimate-$0.44

Next report

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

Financials

Q3 2025

Income statement

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Revenue$39.9M+222%
Gross profit$18.6M+216%
Operating income-$168.8M-218%
Net income-$1.1B-1,910%
EPS (diluted)-$3.58-1,392%

Balance sheet

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Cash & equivalents$352.3M+980%
Total debt$28.5M+55.8%
Total equity$2.3B+422%
Total assets$4.3B+767%

Cash flow

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Operating cash flow-$123.1M-541%
CapEx$4.1M+9.5%
Free cash flow-$127.2M-454%

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$19.87B+974%
Enterprise value$19.54B+965%
P/S248.9×+199×

Profitability

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Gross margin51.2%+1.2pp
Operating margin-604.5%+53.7pp
Net margin-1,836.3%-2,750pp
FCF margin-324.8%+22.0pp

Returns & leverage

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Return on equity-108.2%-223pp
Debt / equity0×0.0×
Current ratio8.7×-3.5×

Segments

By product

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Platform Consulting And Support Services$18.3M+202%

FAQ

When did IonQ report Q3 2025 earnings?
IonQ (IONQ) reported Q3 2025 earnings on November 5, 2025 after market close.
What were IonQ's Q3 2025 revenue and EPS?
IonQ reported revenue of $39.9M and eps of $-3.58 for Q3 2025.
Did IonQ beat estimates in Q3 2025?
Revenue beat the consensus estimate of $27.0M by $12.9M. EPS missed the consensus estimate of $-0.44 by $3.14.
How did IonQ's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 221.5% from $12.4M a year earlier and eps declined 1391.7% from $-0.24.
Where can I find IonQ's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001193125-25-266878) and the 10-Q periodic report (0001193125-25-266942) directly on SEC EDGAR. The filing index links above go to sec.gov.