IonQ Inc | 10-K: FY2025 Annual Report

IonQ, Inc. reported strong financial results for fiscal year 2025, with revenue surging 202% to $130 million from $43.1 million in 2024. The company continued to expand its quantum platform through multiple strategic acquisitions, including Oxford Ionics for $1.6 billion and Capella Space for $424.8 million, strengthening its capabilities across quantum computing, networking, sensing and security.The company's operating loss widened to $633.7 million from $232.5 million in 2024, primarily due to increased investments in research and development, which rose to $305.7 million, and higher stock-based compensation of $312 million. Cash, cash equivalents and investments stood at $3.34 billion as of December 31, 2025, bolstered by successful equity offerings that raised approximately $3.36 billion during the year.Looking ahead, IonQ announced plans to acquire SkyWater Technology for $1.8 billion in January 2026, aiming to secure embedded access to a quantum foundry. The company continues to focus on advancing its quantum technology roadmap while building out a comprehensive quantum ecosystem through strategic acquisitions and partnerships.

IonQ, Inc. reported strong financial results for fiscal year 2025, with revenue surging 202% to $130 million from $43.1 million in 2024. The company continued to expand its quantum platform through multiple strategic acquisitions, including Oxford Ionics for $1.6 billion and Capella Space for $424.8 million, strengthening its capabilities across quantum computing, networking, sensing and security.The company's operating loss widened to $633.7 million from $232.5 million in 2024, primarily due to increased investments in research and development, which rose to $305.7 million, and higher stock-based compensation of $312 million. Cash, cash equivalents and investments stood at $3.34 billion as of December 31, 2025, bolstered by successful equity offerings that raised approximately $3.36 billion during the year.Looking ahead, IonQ announced plans to acquire SkyWater Technology for $1.8 billion in January 2026, aiming to secure embedded access to a quantum foundry. The company continues to focus on advancing its quantum technology roadmap while building out a comprehensive quantum ecosystem through strategic acquisitions and partnerships.