Get started

Financials · IONQ

IonQ Inc. (IONQ) financials

For the twelve months ended Sep 30, 2026, IonQ Inc. reported $380.44M of revenue and $255.24M of net income.

Revenue, TTM
$380.44M
Revenue growth, YoY
+376.5%
Net income, TTM
$255.24M
Net margin
67.1%
Free cash flow, TTM
-$688.54M
Cash
$209.45M
Total debt
$65.61M
P/E
59.28
P/S
39.77
Market cap
$15.13B
Annual revenue$130.02M
FY2020FY2025
Annual net income-$510.38M
FY2020FY2025
Annual free cash flow-$299.60M
FY2020FY2025

IONQ revenue and earnings growth

IONQ revenueQ3 2026$173.83M

Quarter YoY
+336.0%
QoQ
+117.2%
FY YoY
+201.9%

IONQ revenue was $173.83M in fiscal Q3 2026 (ended Sep 30, 2026), up 336.0% from a year earlier and up 117.2% from the prior quarter. For the full fiscal 2025 it was $130.02M, up 201.9% from fiscal 2024. It rose in each of the last 4 fiscal years. Fiscal 2025 is the highest of the 6 fiscal years on file.

IONQ net incomeQ3 2026$563.96M

IONQ net income was $563.96M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$1.05B a year earlier. For the full fiscal 2025 it was -$510.38M, compared with -$331.65M in fiscal 2024.

IONQ EPSQ3 2026$1.35

IONQ diluted EPS was $1.35 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$3.58 a year earlier. For the full fiscal 2025 it was -$1.82, compared with -$1.56 in fiscal 2024.

IONQ free cash flowQ3 2026-$331.88M

IONQ free cash flow was -$331.88M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$127.20M a year earlier. For the full fiscal 2025 it was -$299.60M, compared with -$123.67M in fiscal 2024.

Export CSV

Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue$130.02M$43.07M$22.04M$11.13M$2.10M$0
Research and development$305.70M$136.83M$92.32M$43.98M$20.23M$10.16M
Selling, general and admin$245.09M$71.06M$50.72M$35.97M$13.74M$3.55M
Operating income-$633.72M-$232.46M-$157.75M-$85.75M-$38.69M-$15.73M
Pre-tax income-$556.69M-$331.59M-$157.72M-$48.51M-$106.19M-$15.42M
Income tax-$44.57M$59.0K$48.0K$0$0$0
Net income-$510.38M-$331.65M-$157.77M-$48.51M-$106.19M-$15.42M
EPS, basic-$1.82-$1.56-$0.78-$0.25-$0.77-$0.13
EPS, diluted-$1.82-$1.56-$0.78-$0.25-$0.77-$0.13
Diluted shares280.3M213.0M202.6M197.7M137.6M115.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Cash and equivalents$1.03B$56.84M$38.08M$46.37M$399.02M$36.12M
Short-term investments$1.36B$285.90M$319.78M$311.43M$123.44M$0
Receivables$66.53M$10.19M$11.47M$3.29M$707.0K$390.0K
Inventory$10.31M$0----
Current assets$2.59B$378.80M$389.99M$371.63M$529.62M$38.58M
Goodwill$1.96B$9.90M$742.0K$742.0K$0-
Total assets$6.57B$508.39M$553.58M$597.99M$642.03M$60.48M
Current liabilities$166.82M$36.09M$37.16M$20.16M$9.69M$1.88M
Short-term debt$0-----
Long-term debt$0-----
Total debt$0-----
Total liabilities$2.76B$124.53M$68.59M$29.78M$50.80M$6.78M
Shareholders' equity$3.80B$383.86M$484.99M$568.21M$591.23M$53.70M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Operating cash flow-$283.19M-$105.68M-$78.81M-$44.70M-$26.54M-$12.01M
Capital expenditures$16.42M$17.99M$13.70M$9.34M$7.78M$10.03M
Free cash flow-$299.60M-$123.67M-$92.51M-$54.03M-$34.32M-$22.04M
Investing cash flow-$2.10B$82.73M$68.77M-$309.06M-$213.78M-$11.68M
Financing cash flow$3.36B$41.69M$1.76M$1.10M$603.23M$276.0K
Stock-based compensation$312.03M$106.88M$69.74M$31.46M$7.75M$1.22M
Depreciation and amortization$82.00M$18.65M$10.38M$5.60M$2.55M$1.40M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue growth, YoY201.9%95.4%98.0%430.3%--
Operating margin-487.4%-539.7%-715.7%-770.3%-1843.1%-
Net margin-392.6%-770.0%-715.8%-435.8%-5058.9%-
Free cash flow margin-230.4%-287.1%-419.7%-485.4%-1635.1%-
Return on equity-13.4%-86.4%-32.5%-8.5%-18.0%-28.7%
Return on assets-7.8%-65.2%-28.5%-8.1%-16.5%-25.5%
Current ratio15.5010.5010.4918.4354.6520.51
Debt to equity0.00-----

Source: XBRL data IonQ Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

IONQ peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
IONQ$380.44M+376.5%$255.24M67.1%$15.13B
QUBT$18.94M+3368.9%-$32.50M-171.6%$1.43B
RGTI$13.35M+68.5%-$238.67M-1787.4%$4.06B
QBTS$12.43M-44.2%-$248.70M-2001.6%$3.98B
INFQ$41.08M--$133.53M-325.0%$2.11B

IONQ FAQ

7 questions
  • What is IONQ revenue?
    IonQ Inc. (IONQ) reported $380.44M of revenue for the twelve months ended Sep 30, 2026. That is up 376.5% from the year before. Revenue for fiscal 2025 was $130.02M.
  • Is IONQ profitable?
    Yes. IonQ Inc. earned $255.24M in net income for the twelve months ended Sep 30, 2026, a net margin of 67.1%.
  • How much cash and debt does IONQ have?
    IonQ Inc. reported $209.45M in cash and cash equivalents and $65.61M of debt on its most recent balance sheet in SEC filings.
  • How fast is IONQ revenue growing?
    IonQ Inc.'s revenue changed +201.9% in fiscal 2025, to $130.02M.
  • What is IONQ free cash flow?
    IonQ Inc. generated -$688.54M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$644.83M less capital expenditures.
  • When did IONQ last report financial results?
    The latest statements here come from IonQ Inc.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this IONQ financial data come from?
    Quantisnow builds these statements from the structured XBRL data IonQ Inc. files with the SEC. It is provided for information only and is not investment advice.