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IONQ (IonQ, Inc.) Stock Financials & Earnings | Market Cap Arena
IONQ
IonQ, Inc.
Mkt Cap
$13B
Technology
·
Computer Hardware
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$130M
Net Income (TTM)
-$561M
EPS (TTM)
-$2.49
Free Cash Flow (TTM)
-$302M
Gross Margin
40.4%
Op. Margin
-487.4%
Net Margin
-431.1%
FCF Margin
-232.1%
P/S Ratio (TTM)
103.4x
P/E Ratio (TTM)
—
YoY Rev Growth
+201.9%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$4M
$1M
-$28M
Q2 23
$6M
$1M
-$33M
Q3 23
$6M
$4M
-$42M
Q4 23
$6M
-$563K
-$54M
Q1 24
$8M
$4M
-$53M
Q2 24
$11M
$1M
-$49M
Q3 24
$12M
$6M
-$53M
Q4 24
$12M
$1M
-$76M
Q1 25
$8M
-$3M
-$76M
Q2 25
$21M
$2M
-$146M
Q3 25
$40M
$19M
-$169M
Q4 25
$62M
$35M
-$243M
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Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
998.9x
—
Q2 23
821.5x
—
Q3 23
681.2x
—
Q4 23
610.1x
—
Q1 24
530.7x
—
Q2 24
431.0x
—
Q3 24
358.9x
—
Q4 24
312.2x
—
Q1 25
312.3x
—
Q2 25
256.8x
—
Q3 25
168.5x
—
Q4 25
103.4x
—
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
-$14M
-$16M
Q2 23
-$16M
-$19M
Q3 23
-$22M
-$28M
Q4 23
-$27M
-$35M
Q1 24
-$20M
-$25M
Q2 24
-$27M
-$35M
Q3 24
-$19M
-$24M
Q4 24
-$39M
-$44M
Q1 25
-$33M
-$36M
Q2 25
-$53M
-$55M
Q3 25
-$123M
-$127M
Q4 25
-$75M
-$83M
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Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$2M
Q2 23
$3M
Q3 23
$6M
Q4 23
$9M
Q1 24
$5M
Q2 24
$9M
Q3 24
$5M
Q4 24
$5M
Q1 25
$3M
Q2 25
$2M
Q3 25
$4M
Q4 25
$9M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+119.4%
+59.6%
Q2 23
+111.5%
+79.3%
Q3 23
+122.1%
+74.6%
Q4 23
+60.4%
+120.7%
Q1 24
+76.9%
+87.1%
Q2 24
+106.4%
+56.3%
Q3 24
+102.1%
+35.6%
Q4 24
+91.8%
+44.9%
Q1 25
-0.2%
+37.7%
Q2 25
+81.8%
+177.2%
Q3 25
+221.5%
+218.4%
Q4 25
+428.5%
+247.3%
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Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$10M
239.6%
Q2 23
$11M
205.0%
Q3 23
$17M
276.7%
Q4 23
$31M
510.9%
Q1 24
$22M
291.0%
Q2 24
$21M
184.3%
Q3 24
$25M
198.1%
Q4 24
$39M
335.4%
Q1 25
$33M
439.5%
Q2 25
$99M
479.2%
Q3 25
$40M
99.6%
Q4 25
$107M
172.3%
marketcaparena.com
OpEx Breakdown
R&D
G&A
S&M
SG&A
Quarter
R&D
G&A
S&M
SG&A
Q1 23
$16M
$11M
$3M
—
Q2 23
$20M
$11M
$4M
—
Q3 23
$25M
$14M
$5M
—
Q4 23
$32M
$15M
$7M
—
Q1 24
$32M
$14M
$7M
—
Q2 24
$31M
$13M
$6M
—
Q3 24
$33M
$14M
$7M
—
Q4 24
$40M
—
—
$37M
Q1 25
$40M
$24M
$9M
—
Q2 25
$103M
$48M
$11M
—
Q3 25
$68M
$83M
$14M
—
Q4 25
$96M
$91M
$20M
—
marketcaparena.com
Revenue by Geography
Non-US
United States
Quarter
Non-US
United States
Q2 24
$428K
$11M
Q3 24
$505K
$12M
Q1 25
$2M
$5M
Q2 25
$5M
$16M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$52M
$336M
$388M
Q2 23
$14M
$362M
$376M
Q3 23
$37M
$347M
$384M
Q4 23
$36M
$320M
$355M
Q1 24
$60M
$315M
$375M
Q2 24
$42M
$328M
$370M
Q3 24
$30M
$272M
$302M
Q4 24
$54M
$286M
$340M
Q1 25
$160M
$429M
$588M
Q2 25
$140M
$403M
$543M
Q3 25
$346M
$736M
$1.1B
Q4 25
$1.0B
$1.4B
$2.4B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
200M
+0.5%
Q2 23
201M
+0.7%
Q3 23
203M
+1.0%
Q4 23
205M
+0.9%
Q1 24
208M
+1.4%
Q2 24
212M
+1.7%
Q3 24
214M
+1.3%
Q4 24
218M
+1.7%
Q1 25
229M
+5.0%
Q2 25
251M
+9.7%
Q3 25
295M
+17.4%
Q4 25
369M
+25.3%
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Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 19
—
—
FY 20
$0
2
FY 21
$1M
2
FY 22
$6M
2
FY 23
$11M
2
FY 24
$22M
2
FY 25
$65M
2
marketcaparena.com