Uxin shares drop 45% as predicted by InvestingPro’s Fair Value model
COLLEGE PARK, Md. - IonQ (NYSE:IONQ) has been selected for Stage B of the Defense Advanced Research Projects Agency's (DARPA) Quantum Benchmarking Initiative (QBI), following its successful completion of Stage A, the company announced in a press release. The quantum computing company, currently valued at $19.6 billion, has seen its stock price experience significant volatility recently, dropping 4.55% over the past week despite gaining 249% over the last year.
The QBI program is structured in three stages, with Stage B focusing on developing a detailed research and development roadmap through 2033, including technical requirements and designs. The initiative aims to define standards for utility-scale quantum computing performance.
"With commercial deployments of IonQ quantum systems worldwide and availability on all three of the major cloud platforms, IonQ is uniquely positioned to contribute practical insights and technical advancements to this initiative," said Niccolo de Masi, Chairman and CEO of IonQ.
According to the company, IonQ achieved a quantum computing performance record with 99.99% two-qubit gate performance in 2025. The company also reported reaching a landmark #AQ 64 on its IonQ Tempo system three months ahead of schedule. Despite these technological advances, InvestingPro data shows IonQ remains unprofitable with a negative EBITDA of $435.7 million for the last twelve months, though its revenue grew an impressive 113% during this period.
In June, IonQ announced an accelerated technical roadmap with plans to deliver quantum computers featuring 2 million physical qubits and 80,000 logical qubits by 2030. While the company pursues this ambitious roadmap, InvestingPro analysis indicates the stock appears overvalued at current levels, trading at a high Price/Book multiple of 8.95. Analysts expect continued sales growth but don't anticipate profitability this year.
The final stage of DARPA's initiative, Stage C, will focus on confirming that proposed systems can be built and operated as intended for real-world implementation.
IonQ's quantum systems are currently available through Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
The information in this article is based on a company press release statement.
In other recent news, IonQ Inc. reported its third-quarter 2025 earnings, showcasing a strong performance that exceeded market expectations. The company's revenue reached $39.9 million, significantly surpassing the projected $26.98 million. This recent development highlights IonQ's ability to deliver results beyond analyst forecasts. The earnings announcement did not mention any mergers or acquisitions. Additionally, there were no reports of analyst upgrades or downgrades related to IonQ. There were no other significant company announcements in the past articles. These developments provide investors with a clearer picture of IonQ's financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.