IONQ Inc. reported its financial results, showing significant growth in its GAAP revenue. The company has been approximately doubling its GAAP revenue year-over-year since joining the NYSE. The revenue figures are as follows: $1.6 million in 2021, $11.1 million in 2022, $22.0 million in 2023, and $43.1 million in 2024. The projected revenue for 2025 is estimated at $91.0 million, representing an impressive compound annual growth rate $(CAGR)$ of 175%. Year-over-year growth rates have been notable, with 594% in 2022, followed by 98% in 2023, 96% in 2024, and a projected 111% in 2025. In addition to financial performance, IONQ's intellectual property portfolio has grown significantly, with a total of 1,060 patents, including both granted and pending patents as of May 2025. This portfolio includes patents from IDQ, where IONQ holds a majority stake, and Oxford Ionics, which IONQ intends to acquire, pending closure of terms signed in June 2025. IONQ continues to focus on its technology roadmap, planning developments through 2030, and emphasizes its ability to attract and retain key personnel, including those from acquired companies like Lightzynq. The company aims to utilize acquired technologies to accelerate the development and scaling of its systems and offerings.
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