IonQ (IONQ) Stock Today, Nov 15, 2025: Q3 Beat, DARPA Stage‑B Win, UChicago Pact—What It Means for 2026
Updated: November 15, 2025 TL;DR — IonQ closed $47.18 on Friday, Nov 14 (52‑week $17.88–$84.64). November brought a trio of material catalysts: a Q3 revenue beat with guidance raised, selection to DARPA’s Quantum Benchmarking Initiative (Stage B), and a landmark University of Chicago partnership that will place a production‑grade quantum system and an entanglement network on campus. With pro‑forma cash of ~$3.5B after an October equity raise, IonQ has ample runway—but it still operates at a sizable loss and trades at triple‑digit EV/Sales on 2025 guidance. Expect elevated volatility into year‑end as investors digest execution risk versus a strengthened balance