Despite surpassing revenue expectations, quantum computing company IonQ (IONQ.US) reported higher-than-expected losses due to a series of acquisitions. The financial results revealed that IonQ's Q3 revenue reached $39.87 million, a 221.5% year-over-year increase, exceeding estimates by $12.88 million. However, the adjusted loss per share was $0.17, $0.03 worse than anticipated.

The company posted a net loss of $1.1 billion for the quarter, with an adjusted EBITDA loss of $48.9 million and a GAAP loss per share of $3.58. Following the earnings release, IonQ's stock rose over 5% in after-hours trading.

During the quarter, IonQ completed acquisitions of Oxford Ionics and Vector Atomic, accelerating and strengthening its full-stack quantum platform. The company now expects 2025 revenue to range between $106 million and $110 million, up from its prior estimate of $91.33 million and significantly higher than its earlier projected range of $82 million to $100 million.

IonQ reaffirmed its midpoint adjusted EBITDA loss forecast of $206 million to $216 million. As of September 30, 2025, the company held $1.5 billion in cash, cash equivalents, and investments. Including a $2 billion equity offering completed on October 14, 2025, IonQ projects total cash, cash equivalents, and investments to reach $3.5 billion.