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The current generation of noisy intermediate-scale quantum computers introduces new opportunities to study quantum many-body systems. In this paper, we show that quantum circuits can provide a dramatically more efficient representation than current classical numerics of the quantum states generated under nonequilibrium quantum dynamics. For quantum circuits, we perform both real- and imaginary-time evolution using an optimization algorithm that is feasible on near-term quantum computers. We benchmark the algorithms by finding the ground state and simulating a global quench of the transverse-field Ising model with a longitudinal field on a classical computer. Furthermore, we implement (classically optimized) gates on a quantum processing unit and demonstrate that our algorithm effectively captures real-time evolution.