TLDR
- IonQ reported 55% revenue growth to $37 million in Q3 2025, with shares up 49% year-to-date at around $55
- D-Wave Quantum stock surged 341% in 2025 to $29, with Q3 revenue of $12 million up 80% year-over-year
- Rigetti Computing shares jumped 190% year-to-date to $33, achieving 99.5% fidelity with its 84-qubit Ankaa-3 system
- IBM operates over 100 quantum computers through its Quantum Network, with shares at $309 up 25% in 2025
- NVIDIA trades at $199 with 60% year-to-date gains, leveraging its cuQuantum software to bridge quantum and classical computing
The quantum computing market continues to attract investor attention as multiple companies report growth. Several publicly traded firms working on quantum technology have posted gains in 2025. The global quantum computing market is expected to reach $65 billion by 2030.
Five companies stand out based on recent financial results and stock performance. These range from pure-play quantum firms to established tech companies with quantum divisions.
IonQ Shows Revenue Growth
IonQ uses trapped-ion qubit technology in its quantum systems. The company’s Aria system currently has 32 qubits. IonQ plans to develop error-corrected systems by 2026.
The company reported Q3 2025 revenue of $37 million. This represents a 55% increase compared to the same period last year. IonQ has partnerships with Microsoft Azure and Amazon Braket.
Shares of IonQ have risen 49% year-to-date. The stock currently trades around $55. Analysts give the stock a “Buy” rating with average price targets of $45.
D-Wave Quantum Posts Triple-Digit Stock Gains
D-Wave Quantum focuses on annealing technology for optimization problems. The company’s Leap cloud service has processed over 1 million problem submissions. D-Wave recently expanded into gate-model hybrid systems.
The stock has climbed 341% in 2025. Shares currently trade at $29. The company secured a $50 million contract with a defense firm.
D-Wave reported Q3 revenue of $12 million, up 80% year-over-year. The company still posts annual losses of $60 million. Analysts give D-Wave a “Strong Buy” rating with price targets around $35.
Rigetti Computing Achieves Technical Milestone
Rigetti Computing owns its Fab-1 facility for manufacturing custom quantum chips. This vertical integration approach sets it apart from competitors. The company’s 84-qubit Ankaa-3 system reached 99.5% fidelity.
Shares have increased 190% year-to-date. The stock trades near $33. Rigetti received a DARPA grant and is working on AI integrations.
Q3 revenue came in at $2.3 million, down from the previous quarter. The company forecasts reaching profitability by 2027. Analysts project a price target of $15 for the stock.
IBM Operates Largest Quantum Fleet
IBM runs the Quantum Network with over 100 quantum computers available for access. The company’s Eagle processor features 127 qubits. IBM aims to achieve utility-scale quantum computing by 2029.
IBM shares trade at $309, up 25% in 2025. The company generates $25 billion in annual hybrid cloud revenue. Q3 results showed 12% growth in services revenue.
Analysts rate IBM a “Buy” with price targets of $350. The company offers quantum capabilities alongside its traditional business lines.
NVIDIA Enables Quantum Computing
NVIDIA provides software tools for quantum computing through its cuQuantum platform. The software allows quantum simulations on GPUs. The company’s DGX Quantum platform works with quantum hardware systems.
Shares trade at $199, up 60% year-to-date. NVIDIA reported Q3 revenue of $35 billion. The company has partnerships with quantum firms including IonQ.
Analysts set price targets at $250 for NVIDIA. The company’s $3 trillion market cap makes it the largest firm in this group.
Final Thoughts
All five companies reported stock gains in 2025, though profitability timelines vary. IonQ, D-Wave, and Rigetti remain unprofitable with commercialization targets extending to 2027 or beyond.
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