IonQ (IONQ) Financial Statements & Analysis

IonQ (IONQ) Income Statement

IonQ reported revenue of $130.02M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 201.9% from $43.07M a year earlier. IonQ posted a net loss of $510.38M, compared with a net loss of $331.65M a year earlier. Gross margin was 40.4% and operating margin -487.4%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $80.05M, up 286.8% from the same quarter a year earlier.

IonQ Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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IonQ, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	130.02	43.07	22.04	11.13	2.10	0.00	0.20
Cost of Revenue	77.49	20.60	7.96	2.94	3.59	1.40	0.09
Gross Profit	52.53	22.48	13.93	8.19	-1.49	-1.40	0.11
Operating Expenses
Research & Development	305.71	136.83	91.60	43.98	20.23	10.16	6.89
Selling, General & Administrative	298.53	99.45	69.86	44.35	16.97	4.03	2.21
Operating Expenses	686.24	254.93	171.69	93.93	37.20	14.33	9.37
Operating Income	-633.72	-232.46	-157.75	-85.75	-38.69	-15.73	-9.26
Other Income/Expense
Interest Income	56.00	18.25	19.32	7.09	0.06	0.00	0.00
Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Income/Expense	77.02	-117.38	0.03	30.14	-67.50	0.31	0.33
Income
Income Before Tax	-556.69	-331.59	-157.72	-48.51	-106.19	-15.42	-8.93
Income Tax Expense	-44.57	0.06	0.05	0.00	0.00	0.00	0.00
Net Income	-510.38	-331.65	-157.77	-48.51	-106.19	-15.42	-8.94
Net Income - Continuous Operations	-510.38	-331.65	-157.77	-48.51	-106.19	-15.42	-8.94
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	-474.69	-213.80	-150.28	-80.14	-103.64	-14.02	-8.85
EBIT	-633.72	-232.46	-157.75	-85.75	-38.69	-15.73	-
Depreciation & Amortization	82.00	18.65	10.38	5.60	2.55	1.40	0.40
Earnings Per Share
Basic EPS	-2.00	-2.00	-1.00	-	-1.00	-	-2.00
Diluted EPS	-2.00	-2.00	-1.00	-	-1.00	-	-2.00
Basic Shares Outstanding	280.35	213.03	202.58	197.73	192.28	192.49	3.98
Diluted Shares Outstanding	280.35	213.03	202.58	197.73	194.06	192.49	3.98

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About IonQ Financial Statements

What was IonQ's revenue in fiscal 2025?

IonQ reported revenue of $130.02M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 201.9% from $43.07M a year earlier.

Is IonQ profitable?

No. IonQ reported a net loss of $510.38M in fiscal 2025. In fiscal 2024 it lost $331.65M.

What is IonQ's operating margin?

IonQ's operating income was −$633.72M on revenue of $130.02M in fiscal 2025, an operating margin of -487.4%, compared with -539.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition