IONQ IonQ (IONQ) Q4 FY25 earnings call
IonQ achieved record financial results in Q4 FY25, driven by strong demand for its quantum computing, networking, and sensing solutions, and strategic expansion into a full-stack quantum platform. The company is investing heavily in R&D and leveraging a fortified balance sheet to accelerate its roadmap and pursue value-enhancing acquisitions like SkyWater, aiming to become the world's leading quantum merchant supplier. Management is confident in its ability to execute on its expanded vision and deliver on its 2026 financial guidance.
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IONQ operating KPIs by quarter
| KPI | This call Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Remaining performance obligation (RPO) | $370MAs a demonstration of this focus in our 2025 10-K being filed today, we disclosed that our remaining performance obligations or RPO, which provides 1 metric to gauge visibility over several quarters, stood at $370 million at the end of 2025 compared to just $77 million at the end of 2024, which is almost a fivefold increase.Source: earnings call transcript | $470MAs of March 31, 2026, our reported performance -- the remaining performance obligations or RPOs stood at $470 million compared to approximately $72 million a year ago.Source: earnings call transcript | $485MWe ended Q2 with $485 million in reported RPOs, up from $470 million in Q1 and up from $122 million 1 year ago.Source: earnings call transcript | +3.2% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.