IONQ
IonQ, Inc.
Company overview
- Market capitalization
- —
- Employees
- 1,132
- Latest publication
- 2026-09-29
About IonQ, Inc.
IonQ, Inc. develops quantum computing systems in the United States, Switzerland, and Internationally. It sells access to quantum computers of various qubit capacities. The company also makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS), Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service. The company engages in quantum-safe communications and quantum detection systems. It provides contracts associated with the design, development, construction, and sale of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems. The company has a collaboration agreement with University of Chicago. The company was founded in 2015 and is headquartered in College Park, Maryland.
Financial statements
Income Quarterly
| Metric | Q2 20212021-06-30 · USD | Q1 20212021-03-31 · USD | Q4 20202020-12-31 · USD | Q3 20202020-09-30 · USD | Q2 20202020-06-30 · USD | Q1 20202020-03-31 · USD |
|---|---|---|---|---|---|---|
| Total Revenue | 93,000USD | 125,000USD | — | 0USD | — | — |
| Cost Of Revenue | 829,000USD | 626,000USD | 86,000USD | 57,000USD | — | — |
| Gross Profit | -736,000USD | -501,000USD | -86,000USD | -57,000USD | — | — |
| Research Development | 5,477,000USD | 3,654,000USD | 2,514,000USD | 2,339,000USD | 2,696,000USD | 2,643,000USD |
| Selling General Administrative | 2,904,000USD | 2,956,000USD | 1,707,000USD | 727,000USD | 609,000USD | 504,000USD |
| Selling And Marketing Expenses | 871,000USD | 227,000USD | 223,000USD | 81,000USD | 101,000USD | 81,000USD |
| Total Operating Expenses | 9,252,000USD | 6,837,000USD | 4,849,000USD | 3,519,000USD | 3,746,000USD | 3,476,000USD |
| Operating Income | -9,988,000USD | -7,338,000USD | -4,935,000USD | -3,576,000USD | -3,746,000USD | -3,476,000USD |
| Interest Income | 0USD | — | — | — | — | — |
| Net Interest Income | 0USD | — | — | 0USD | — | — |
| Income Before Tax | -9,986,000USD | -7,335,000USD | -4,931,000USD | -3,565,000USD | -3,667,000USD | -3,261,000USD |
| Tax Provision | 0USD | 0USD | — | 0USD | — | — |
| Net Income | -9,986,000USD | -7,335,000USD | -4,931,000USD | -3,565,000USD | -3,667,000USD | -3,261,000USD |
| Net Income From Continuing Ops | -9,986,000USD | -7,335,000USD | — | -3,565,000USD | — | — |
| Ebit | -9,986,000USD | -7,335,000USD | -4,935,000USD | -3,576,000USD | -3,746,000USD | -3,476,000USD |
| Ebitda | -9,484,000USD | -6,890,000USD | -4,530,000USD | -3,204,000USD | -3,406,000USD | -3,193,000USD |
| Depreciation And Amortization | 502,000USD | 445,000USD | 405,000USD | 372,000USD | 340,000USD | 283,000USD |
| Reconciled Depreciation | 502,000USD | 445,000USD | 405,000USD | 372,000USD | — | — |
| Total Other Income Expense Net | 2,000USD | 3,000USD | 4,000USD | 11,000USD | 79,000USD | 215,000USD |
| Net Income Applicable To Common Shares | -9,986,000USD | -7,335,000USD | — | -3,565,000USD | -3,667,000USD | -3,261,000USD |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Income Yearly
| Metric | FY 20192019-12-31 · USD |
|---|---|
| Total Revenue | 200,000USD |
| Cost Of Revenue | 88,000USD |
| Gross Profit | 112,000USD |
| Research Development | 6,889,000USD |
| Selling General Administrative | 1,810,000USD |
| Selling And Marketing Expenses | 398,000USD |
| Total Operating Expenses | 9,367,000USD |
| Operating Income | -9,255,000USD |
| Interest Expense | 0USD |
| Income Before Tax | -8,926,000USD |
| Income Tax Expense | 9,000USD |
| Net Income | -8,935,000USD |
| Ebit | -9,255,000USD |
| Ebitda | -8,852,000USD |
| Depreciation And Amortization | 403,000USD |
| Total Other Income Expense Net | 329,000USD |
| Net Income Applicable To Common Shares | -8,935,000USD |
| Source | Legacy providerLegacy |
Balance sheet Quarterly
| Metric | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD | Q2 20242024-06-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 6,693,713,000USD | 6,570,358,000USD | 4,319,348,000USD | 1,346,608,000USD | 850,074,000USD | 508,388,000USD | 497,911,000USD | 517,435,000USD |
| Intangible Assets | 781,090,000USD | 767,432,000USD | 655,909,000USD | 143,241,000USD | 28,216,000USD | 29,469,000USD | 17,487,000USD | 16,969,000USD |
| Other Current Assets | 81,576,000USD | 51,560,000USD | 38,603,000USD | 21,664,000USD | 11,109,000USD | 7,446,000USD | 5,410,000USD | 7,941,000USD |
| Total Liab | 1,704,011,000USD | 2,756,666,000USD | 2,031,549,000USD | 168,162,000USD | 85,026,000USD | 124,526,000USD | 62,228,000USD | 54,161,000USD |
| Total Stockholder Equity | 4,975,969,000USD | 3,799,517,000USD | 2,273,361,000USD | 1,161,633,000USD | 765,048,000USD | 383,862,000USD | 435,683,000USD | 463,274,000USD |
| Other Current Liab | 65,444,000USD | 89,721,000USD | 113,711,000USD | 49,442,000USD | 36,006,000USD | 27,489,000USD | 16,049,000USD | 22,985,000USD |
| Common Stock | 37,000USD | 36,000USD | 32,000USD | 27,000USD | 24,000USD | 22,000USD | 22,000USD | 21,000USD |
| Capital Stock | 37,000USD | 36,000USD | 32,000USD | 27,000USD | 24,000USD | 22,000USD | 22,000USD | 21,000USD |
| Retained Earnings | -388,738,000USD | -1,194,098,000USD | -1,947,765,000USD | -892,810,000USD | -715,972,000USD | -683,720,000USD | -481,722,000USD | -429,226,000USD |
| Good Will | 2,127,665,000USD | 1,963,584,000USD | 1,865,841,000USD | 370,720,000USD | 10,669,000USD | 9,904,000USD | 727,000USD | 719,000USD |
| Cash | 493,538,000USD | 1,030,865,000USD | 346,032,000USD | 140,067,000USD | 159,681,000USD | 54,393,000USD | 30,172,000USD | 41,752,000USD |
| Cash And Short Term Investments | 2,033,470,000USD | 2,392,156,000USD | 1,082,365,000USD | 543,384,000USD | 588,286,000USD | 340,289,000USD | 301,780,000USD | 369,797,000USD |
| Total Current Assets | 2,302,918,000USD | 2,586,439,000USD | 1,215,302,000USD | 625,887,000USD | 636,984,000USD | 378,802,000USD | 395,400,000USD | 404,855,000USD |
| Total Current Liabilities | 163,887,000USD | 166,825,000USD | 139,280,000USD | 80,634,000USD | 48,379,000USD | 36,085,000USD | 32,324,000USD | 30,788,000USD |
| Current Deferred Revenue | 50,970,000USD | 42,116,000USD | — | 16,726,000USD | 12,061,000USD | 10,678,000USD | 8,332,000USD | 13,668,000USD |
| Net Debt | -463,095,000USD | -1,000,844,000USD | -317,516,000USD | -120,802,000USD | -142,321,000USD | -36,668,000USD | -11,869,000USD | -25,121,000USD |
| Short Term Debt | 9,165,000USD | 8,850,000USD | 8,599,000USD | 5,528,000USD | 3,621,000USD | 3,366,000USD | 3,089,000USD | 1,479,000USD |
| Short Long Term Debt Total | 30,443,000USD | 30,021,000USD | 28,516,000USD | 19,265,000USD | 17,360,000USD | 17,725,000USD | 18,303,000USD | 16,631,000USD |
| Long Term Investments | 1,058,426,000USD | 944,643,000USD | 402,603,000USD | 109,902,000USD | 108,861,000USD | 23,545,000USD | 13,695,000USD | 28,799,000USD |
| Short Term Investments | 1,539,932,000USD | 1,361,291,000USD | 736,333,000USD | 403,317,000USD | 428,605,000USD | 285,896,000USD | 271,608,000USD | 328,045,000USD |
| Net Receivables | 117,225,000USD | 85,026,000USD | 36,912,000USD | 26,358,000USD | 13,622,000USD | 12,409,000USD | 70,261,000USD | 7,893,000USD |
| Inventory | 70,647,000USD | 57,697,000USD | 57,422,000USD | 34,481,000USD | 23,967,000USD | 18,658,000USD | 17,949,000USD | 19,224,000USD |
| Accounts Payable | 38,308,000USD | 26,138,000USD | 16,970,000USD | 8,938,000USD | 8,752,000USD | 5,230,000USD | 4,854,000USD | 6,324,000USD |
| Property Plant Equipment Net | 155,808,000USD | 142,869,000USD | 140,504,000USD | 69,812,000USD | 60,876,000USD | 62,231,000USD | 59,483,000USD | 57,821,000USD |
| Property Plant Equipment Gross | 218,909,000USD | 197,221,000USD | 186,726,000USD | 107,111,000USD | 92,904,000USD | 89,843,000USD | 83,157,000USD | 78,049,000USD |
| Accumulated Other Comprehensive Income | -55,061,000USD | -12,671,000USD | -16,787,999USD | 4,072,000USD | -11,000USD | 157,000USD | 335,000USD | -1,318,000USD |
| Common Stock Shares Outstanding | 371,228,286shares | 368,982,917shares | 294,524,786shares | 250,967,455shares | 228,759,209shares | 217,947,000shares | 214,305,053shares | 211,637,479shares |
| Non Current Assets Total | 4,390,795,000USD | 3,983,919,000USD | 3,104,046,000USD | 720,721,000USD | 213,090,000USD | 129,586,000USD | 102,511,000USD | 112,580,000USD |
| Non Current Liabilities Total | 1,540,124,000USD | 2,589,841,000USD | 1,892,269,000USD | 87,528,000USD | 36,647,000USD | 88,441,000USD | 29,904,000USD | 23,373,000USD |
| Non Current Liabilities Other | 13,245,000USD | 95,172,000USD | 100,736,000USD | 12,979,000USD | 1,667,000USD | 3,333,000USD | 2,869,000USD | 110,000USD |
| Non Currrent Assets Other | 267,806,000USD | 165,391,000USD | 11,189,000USD | 27,046,000USD | 4,468,000USD | 4,437,000USD | 11,119,000USD | 4,900,000USD |
| Net Working Capital | 2,139,031,000USD | 2,419,614,000USD | 1,076,022,000USD | 545,253,000USD | 588,605,000USD | 342,717,000USD | 363,076,000USD | 374,067,000USD |
| Unclassified Non Current Liabilities | 1,526,879,000USD | 2,494,669,000USD | 1,791,533,000USD | 74,549,000USD | 34,980,000USD | 85,108,000USD | 27,035,000USD | 23,263,000USD |
| Unclassified Equity | 5,419,694,000USD | 5,006,214,000USD | 4,237,849,999USD | 2,050,317,000USD | 1,480,983,000USD | 1,067,381,000USD | 917,026,000USD | 893,776,000USD |
| Unclassified Current Liabilities | — | — | — | — | -12,061,000USD | -10,678,000USD | — | -13,668,000USD |
| Unclassified Non Current Assets | — | — | — | — | — | — | — | 3,372,000USD |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Balance sheet Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD | FY 20202020-12-31 · USD | FY 20192019-12-31 · USD |
|---|---|---|---|---|---|---|---|
| Total Assets | 6,570,358,000USD | 508,388,000USD | 553,580,000USD | 597,992,000USD | 642,028,000USD | 60,478,000USD | 65,345,000USD |
| Intangible Assets | 767,432,000USD | 29,469,000USD | 15,077,000USD | 8,944,000USD | 5,841,000USD | 2,687,000USD | 1,276,000USD |
| Other Current Assets | 51,560,000USD | 7,446,000USD | 8,496,000USD | 7,375,000USD | 6,442,000USD | 2,069,000USD | 789,000USD |
| Total Liab | 2,756,666,000USD | 124,526,000USD | 68,586,000USD | 29,781,000USD | 50,798,000USD | 6,775,000USD | 1,359,000USD |
| Total Stockholder Equity | 3,799,517,000USD | 383,862,000USD | 484,994,000USD | 568,211,000USD | 591,230,000USD | 53,703,000USD | 63,986,000USD |
| Other Current Liab | 89,721,000USD | 16,811,000USD | 30,855,000USD | 16,264,000USD | 6,541,000USD | 733,000USD | 234,000USD |
| Common Stock | 36,000USD | 22,000USD | 20,000USD | 20,000USD | 19,000USD | 3,000USD | 1,000USD |
| Capital Stock | 36,000USD | 22,000USD | 20,000USD | 20,000USD | 19,000USD | 3,000USD | — |
| Retained Earnings | -1,194,098,000USD | -683,720,000USD | -352,073,000USD | -194,302,000USD | -145,791,000USD | -39,605,000USD | -24,181,000USD |
| Good Will | 1,963,584,000USD | 9,904,000USD | 742,000USD | 742,000USD | 0USD | — | — |
| Cash | 1,030,865,000USD | 54,393,000USD | 35,665,000USD | 44,367,000USD | 399,025,000USD | 36,120,000USD | 59,527,000USD |
| Cash And Short Term Investments | 2,392,156,000USD | 340,289,000USD | 355,441,000USD | 355,797,000USD | 522,468,000USD | 36,120,000USD | 59,527,000USD |
| Total Current Assets | 2,586,439,000USD | 378,802,000USD | 389,989,000USD | 371,628,000USD | 529,617,000USD | 38,579,000USD | 60,416,000USD |
| Total Current Liabilities | 166,825,000USD | 36,085,000USD | 37,164,000USD | 20,160,000USD | 9,691,000USD | 1,881,000USD | 808,000USD |
| Current Deferred Revenue | 42,116,000USD | 10,678,000USD | 12,087,000USD | 8,729,000USD | 3,430,000USD | 240,000USD | — |
| Net Debt | -1,000,844,000USD | -36,668,000USD | -27,560,000USD | -40,317,000USD | -394,814,000USD | -31,849,000USD | -58,843,000USD |
| Short Term Debt | 8,850,000USD | 3,366,000USD | 710,000USD | 591,000USD | 568,000USD | 495,000USD | 133,000USD |
| Short Long Term Debt Total | 30,021,000USD | 17,725,000USD | 8,105,000USD | 4,050,000USD | 4,211,000USD | 4,271,000USD | 684,000USD |
| Long Term Investments | 944,643,000USD | 23,545,000USD | 100,489,000USD | 182,001,000USD | 80,110,000USD | 0USD | — |
| Short Term Investments | 1,361,291,000USD | 285,896,000USD | 319,776,000USD | 311,430,000USD | 123,443,000USD | 0USD | — |
| Net Receivables | 85,026,000USD | 12,409,000USD | 13,576,000USD | 3,292,000USD | 707,000USD | 390,000USD | 100,000USD |
| Inventory | 57,697,000USD | 18,658,000USD | 12,476,000USD | 5,164,000USD | 1USD | — | 1USD |
| Accounts Payable | 26,138,000USD | 5,230,000USD | 5,599,000USD | 3,055,000USD | 1,882,000USD | 538,000USD | 441,000USD |
| Property Plant Equipment Net | 142,869,000USD | 62,231,000USD | 42,128,000USD | 29,767,000USD | 22,902,000USD | 16,284,000USD | 3,647,000USD |
| Property Plant Equipment Gross | 197,221,000USD | 89,843,000USD | 56,727,000USD | 29,767,000USD | 22,902,000USD | 17,987,000USD | — |
| Accumulated Other Comprehensive Income | -12,671,000USD | 157,000USD | -1,967,000USD | -7,355,000USD | -148,000USD | 0USD | 0USD |
| Common Stock Shares Outstanding | 280,345,046shares | 213,029,000shares | 202,576,492shares | 197,727,642shares | 194,058,194shares | 192,485,413shares | 3,984,247shares |
| Non Current Assets Total | 3,983,919,000USD | 129,586,000USD | 163,591,000USD | 226,364,000USD | 112,411,000USD | 21,899,000USD | 4,929,000USD |
| Non Current Liabilities Total | 2,589,841,000USD | 88,441,000USD | 31,422,000USD | 9,621,000USD | 41,107,000USD | 4,894,000USD | 551,000USD |
| Non Current Liabilities Other | 95,172,000USD | 3,333,000USD | 128,000USD | 303,000USD | — | — | — |
| Non Currrent Assets Other | 165,391,000USD | 4,437,000USD | 5,155,000USD | 4,910,000USD | 3,558,000USD | 2,928,000USD | 6,000USD |
| Net Working Capital | 2,419,614,000USD | 342,717,000USD | 352,825,000USD | 351,468,000USD | 519,926,000USD | 36,698,000USD | — |
| Unclassified Non Current Liabilities | 2,494,669,000USD | 85,108,000USD | 31,294,000USD | 3,156,000USD | 3,643,000USD | 3,776,000USD | — |
| Unclassified Equity | 5,006,214,000USD | 1,067,381,000USD | 838,994,000USD | 769,828,000USD | 737,131,000USD | 93,302,000USD | 88,166,000USD |
| Unclassified Current Liabilities | — | — | -12,087,000USD | -8,479,000USD | -2,730,000USD | — | — |
| Other Liab | — | — | — | 6,162,000USD | 37,464,000USD | 1,118,000USD | — |
| Other Assets | — | — | — | 4,910,000USD | 3,558,000USD | 2,928,000USD | 6,000USD |
| Net Tangible Assets | — | — | — | 558,525,000USD | 585,389,000USD | -34,453,000USD | -22,193,000USD |
| Unclassified Non Current Assets | — | — | — | -4,910,000USD | -3,558,000USD | -2,928,000USD | — |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Cash flow Quarterly
| Metric | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD | Q2 20242024-06-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Net Income | 804,610,000USD | -512,121,000USD | -1,031,290,260USD | -177,530,000USD | -32,252,000USD | -201,998,000USD | -52,496,000USD | -37,561,000USD |
| Depreciation | 43,129,000USD | 38,489,000USD | 16,403,000USD | 10,616,000USD | 6,561,000USD | 5,504,000USD | 4,890,000USD | 4,305,000USD |
| Stock Based Compensation | 128,517,000USD | 106,666,000USD | 39,692,000USD | 99,168,000USD | 33,253,000USD | 39,271,000USD | 24,567,000USD | 20,979,000USD |
| Other Non Cash Items | -1,049,153,000USD | 329,324,423USD | 900,300,260USD | 22,823,000USD | -39,078,000USD | 127,819,000USD | 3,704,000USD | -7,907,000USD |
| Change To Account Receivables | -23,230,000USD | -21,818,000USD | -12,254,000USD | -4,343,000USD | 748,000USD | -5,732,000USD | 3,783,000USD | 1,661,000USD |
| Change In Working Capital | -71,619,000USD | -11,885,423USD | -43,598,000USD | -7,651,000USD | -1,509,000USD | -10,024,000USD | 124,000USD | -6,395,000USD |
| Total Cash From Operating Activities | -151,024,000USD | -74,510,000USD | -123,078,000USD | -52,574,000USD | -33,025,000USD | -39,428,000USD | -19,211,000USD | -26,579,000USD |
| Capital Expenditures | -8,369,000USD | -8,789,000USD | -4,127,000USD | -2,284,000USD | -3,410,000USD | -4,905,000USD | -5,014,000USD | -8,753,000USD |
| Free Cash Flow | -159,393,000USD | -83,299,000USD | -127,205,000USD | -54,858,000USD | -36,435,000USD | -44,333,000USD | -24,225,000USD | -35,332,000USD |
| Investments | -348,778,000USD | -1,230,333,000USD | -672,655,000USD | 29,199,000USD | -230,176,000USD | 24,364,000USD | 6,542,000USD | 8,295,000USD |
| Total Cashflows From Investing Activities | -391,853,000USD | -1,221,456,000USD | -672,655,000USD | 29,199,000USD | -230,176,000USD | 24,364,000USD | 6,542,000USD | 8,295,000USD |
| Total Cash From Financing Activities | 6,899,000USD | 1,981,186,000USD | 1,004,559,000USD | 4,123,000USD | 368,734,000USD | 39,273,000USD | 1,088,000USD | -33,000USD |
| Issuance Of Capital Stock | 0USD | 1,954,287,000USD | 1,000,000,000USD | -4,049,000USD | 362,303,000USD | — | — | 0USD |
| Change In Cash | -536,395,000USD | 685,426,000USD | 205,965,000USD | -18,848,000USD | 105,520,000USD | 24,230,000USD | -11,581,000USD | -18,317,000USD |
| Begin Period Cash Flow | 1,037,748,000USD | 352,322,000USD | 140,067,000USD | 162,360,000USD | 56,840,000USD | 32,610,000USD | 44,191,000USD | 62,508,000USD |
| End Period Cash Flow | 501,353,000USD | 1,037,748,000USD | 346,032,000USD | 143,512,000USD | 162,360,000USD | 56,840,000USD | 32,610,000USD | 44,191,000USD |
| Other Cashflows From Investing Activities | -34,706,000USD | -70,834,000USD | -276,915,000USD | 27,576,000USD | -1,102,000USD | -16,766,000USD | -1,244,000USD | -1,264,000USD |
| Other Cashflows From Financing Activities | 1,537,000USD | 26,899,000USD | -358,715,000USD | 8,172,000USD | 6,431,000USD | 39,273,000USD | 1,088,000USD | -33,000USD |
| Unclassified Operating Cash Flow | -6,508,000USD | -24,983,000USD | -4,585,000USD | — | — | — | — | — |
| Unclassified Financing Cash Flow | 5,362,000USD | — | 363,274,000USD | — | — | — | — | — |
| Unclassified Investing Cash Flow | — | 88,500,000USD | 281,042,000USD | -25,292,000USD | 4,512,000USD | 21,671,000USD | 6,258,000USD | 10,017,000USD |
| Dividends Paid | — | — | — | — | — | -30,565USD | -30,565USD | — |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Cash flow Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD | FY 20202020-12-31 · USD | FY 20192019-12-31 · USD |
|---|---|---|---|---|---|---|---|
| Net Income | -601,265,000USD | -331,647,000USD | -157,771,000USD | -48,511,000USD | -106,186,000USD | -15,424,000USD | -8,926,000USD |
| Depreciation | 73,681,000USD | 18,654,000USD | 10,375,000USD | 5,604,000USD | 2,548,000USD | 1,400,000USD | 403,000USD |
| Stock Based Compensation | 312,032,000USD | 106,878,000USD | 69,743,000USD | 31,456,000USD | 7,748,000USD | 1,224,000USD | 859,000USD |
| Other Non Cash Items | 41,876,423USD | 113,626,000USD | 11,454,000USD | -30,752,000USD | 69,555,000USD | 115,000USD | 436,000USD |
| Change To Account Receivables | -37,667,000USD | 1,609,000USD | -8,175,000USD | -1,510,000USD | -317,000USD | -290,000USD | -290,000USD |
| Change In Working Capital | -64,643,423USD | -13,194,000USD | -12,612,000USD | -2,495,000USD | -202,000USD | 678,000USD | -493,000USD |
| Total Cash From Operating Activities | -283,187,000USD | -105,683,000USD | -78,811,000USD | -44,698,000USD | -26,537,000USD | -12,007,000USD | -7,721,000USD |
| Capital Expenditures | -16,417,000USD | -23,569,000USD | -19,549,000USD | -12,564,000USD | -10,024,000USD | -11,676,000USD | -2,418,000USD |
| Free Cash Flow | -299,604,000USD | -129,252,000USD | -98,360,000USD | -57,262,000USD | -36,561,000USD | -23,683,000USD | -10,139,000USD |
| Investments | -2,074,970,000USD | 82,730,000USD | 49,731,000USD | -309,056,000USD | -203,761,000USD | -11,676,000USD | -203,761,000USD |
| Total Cashflows From Investing Activities | -2,095,088,000USD | 82,730,000USD | 68,766,000USD | -309,056,000USD | -213,785,000USD | -11,676,000USD | -3,342,000USD |
| Total Cash From Financing Activities | 3,358,602,000USD | 41,687,000USD | 1,761,000USD | 1,096,000USD | 603,227,000USD | 276,000USD | 62,223,000USD |
| Issuance Of Capital Stock | 3,312,541,000USD | 0USD | 0USD | — | — | 0USD | — |
| Change In Cash | 980,908,000USD | 18,759,000USD | -8,286,000USD | -352,658,000USD | 362,905,000USD | -23,407,000USD | 59,527,000USD |
| Begin Period Cash Flow | 56,840,000USD | 38,081,000USD | 46,367,000USD | 399,025,000USD | 36,120,000USD | 59,527,000USD | — |
| End Period Cash Flow | 1,037,748,000USD | 56,840,000USD | 38,081,000USD | 46,367,000USD | 399,025,000USD | 36,120,000USD | 59,527,000USD |
| Other Cashflows From Investing Activities | -92,201,000USD | -5,577,000USD | -5,846,000USD | -3,228,000USD | -2,241,000USD | -1,644,000USD | -924,000USD |
| Other Cashflows From Financing Activities | 46,061,000USD | 238,000USD | 1,761,000USD | 1,096,000USD | 603,227,000USD | 276,000USD | 62,223,000USD |
| Unclassified Operating Cash Flow | -44,868,000USD | — | — | — | — | — | — |
| Unclassified Investing Cash Flow | 88,500,000USD | 29,146,000USD | 44,430,000USD | 15,792,000USD | 2,241,000USD | 13,320,000USD | 203,761,000USD |
| Unclassified Financing Cash Flow | — | 41,449,000USD | — | 2,886,000USD | — | — | — |
| Change To Liabilities | — | — | — | 4,952,000USD | 4,368,000USD | 1,454,000USD | 368,000USD |
| Dividends Paid | — | — | — | -905,000USD | — | — | — |
| Sale Purchase Of Stock | — | — | — | -1,981,000USD | -968,000USD | — | — |
| Change To Inventory | — | — | — | — | -4,253,000USD | -486,000USD | — |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Operating metrics
Remaining Performance Obligations
| Period end | Period | Value | Unit | Source |
|---|---|---|---|---|
| 2026-06-30 | instant | 485,000,000 | USD | Disclosure |
Revenue breakdown
| Period | Dimension | Business / region | Revenue | Currency | Source |
|---|---|---|---|---|---|
| Q1 2026Quarterly · 2026-03-31 | Geography | CH | 12,606,000 | USD | 0001193125-26-211876 |
| Q1 2026Quarterly · 2026-03-31 | Geography | International | 11,335,000 | USD | 0001193125-26-211876 |
| Q1 2026Quarterly · 2026-03-31 | Geography | United States | 40,727,000 | USD | 0001193125-26-211876 |
| Q1 2026Quarterly · 2026-03-31 | Product | Platform Consulting And Support Services | 28,959,000 | USD | 0001193125-26-211876 |
| Q1 2026Quarterly · 2026-03-31 | Product | Quantum Hardware | 35,709,000 | USD | 0001193125-26-211876 |
| FY 2025Yearly · 2025-12-31 | Geography | CH | 16,630,000 | USD | 0001193125-26-071562 |
| FY 2025Yearly · 2025-12-31 | Geography | International | 26,429,000 | USD | 0001193125-26-071562 |
| FY 2025Yearly · 2025-12-31 | Geography | United States | 86,957,000 | USD | 0001193125-26-071562 |
| FY 2025Yearly · 2025-12-31 | Product | Platform Consulting And Support Services | 60,070,000 | USD | 0001193125-26-071562 |
| FY 2025Yearly · 2025-12-31 | Product | Quantum Hardware | 69,946,000 | USD | 0001193125-26-071562 |
| Q3 2025Quarterly · 2025-09-30 | Geography | International | 11,124,000 | USD | 0001193125-25-266942 |
| Q3 2025Quarterly · 2025-09-30 | Geography | United States | 28,742,000 | USD | 0001193125-25-266942 |
| Q3 2025Quarterly · 2025-09-30 | Product | Platform Consulting And Support Services | 18,282,000 | USD | 0001193125-25-266942 |
| Q3 2025Quarterly · 2025-09-30 | Product | Quantum Computing And Networking Hardware | 21,584,000 | USD | 0001193125-25-266942 |
| Q2 2025Quarterly · 2025-06-30 | Geography | International | 4,704,000 | USD | 0000950170-25-104066 |
| Q2 2025Quarterly · 2025-06-30 | Geography | United States | 15,990,000 | USD | 0000950170-25-104066 |
| Q2 2025Quarterly · 2025-06-30 | Product | Platform Consulting And Support Services | 6,628,000 | USD | 0000950170-25-104066 |
| Q2 2025Quarterly · 2025-06-30 | Product | Quantum Computing And Networking Hardware | 14,066,000 | USD | 0000950170-25-104066 |
| Q1 2025Quarterly · 2025-03-31 | Geography | CH | 1,739,000 | USD | 0001193125-26-211876 |
| Q1 2025Quarterly · 2025-03-31 | Geography | International | 538,000 | USD | 0001193125-26-211876 |
| Q1 2025Quarterly · 2025-03-31 | Geography | United States | 5,289,000 | USD | 0001193125-26-211876 |
| Q1 2025Quarterly · 2025-03-31 | Product | Platform Consulting And Support Services | 4,503,000 | USD | 0001193125-26-211876 |
| Q1 2025Quarterly · 2025-03-31 | Product | Quantum Hardware | 3,063,000 | USD | 0001193125-26-211876 |
| Q4 2024Quarterly · 2024-12-31 | Geography | International | 906,000 | USD | Legacy provider |
| Q4 2024Quarterly · 2024-12-31 | Geography | United States | 10,804,000 | USD | Legacy provider |
| Q4 2024Quarterly · 2024-12-31 | Product | Platform Consulting And Support Services | 7,418,000 | USD | Legacy provider |
| Q4 2024Quarterly · 2024-12-31 | Product | Specialized Quantum Computing Hardware | 4,292,000 | USD | Legacy provider |
| FY 2024Yearly · 2024-12-31 | Geography | CH | 1,547,000 | USD | 0001193125-26-071562 |
| FY 2024Yearly · 2024-12-31 | Geography | International | 812,000 | USD | 0001193125-26-071562 |
| FY 2024Yearly · 2024-12-31 | Geography | United States | 40,714,000 | USD | 0001193125-26-071562 |
| FY 2024Yearly · 2024-12-31 | Product | Platform Consulting And Support Services | 21,479,000 | USD | 0001193125-26-071562 |
| FY 2024Yearly · 2024-12-31 | Product | Quantum Hardware | 21,594,000 | USD | 0001193125-26-071562 |
| Q3 2024Quarterly · 2024-09-30 | Geography | International | 505,000 | USD | 0001193125-25-266942 |
| Q3 2024Quarterly · 2024-09-30 | Geography | United States | 11,895,000 | USD | 0001193125-25-266942 |
| Q3 2024Quarterly · 2024-09-30 | Product | Platform Consulting And Support Services | 6,055,000 | USD | 0001193125-25-266942 |
| Q3 2024Quarterly · 2024-09-30 | Product | Quantum Computing And Networking Hardware | 6,345,000 | USD | 0001193125-25-266942 |
| Q2 2024Quarterly · 2024-06-30 | Geography | International | 428,000 | USD | 0000950170-25-104066 |
| Q2 2024Quarterly · 2024-06-30 | Geography | United States | 10,953,000 | USD | 0000950170-25-104066 |
| Q2 2024Quarterly · 2024-06-30 | Product | Platform Consulting And Support Services | 4,043,000 | USD | 0000950170-25-104066 |
| Q2 2024Quarterly · 2024-06-30 | Product | Quantum Computing And Networking Hardware | 7,338,000 | USD | 0000950170-25-104066 |
| Q1 2024Quarterly · 2024-03-31 | Geography | International | 520,000 | USD | 0000950170-25-065699 |
| Q1 2024Quarterly · 2024-03-31 | Geography | United States | 7,062,000 | USD | 0000950170-25-065699 |
| Q1 2024Quarterly · 2024-03-31 | Product | Platform Consulting And Support Services | 3,963,000 | USD | 0000950170-25-065699 |
| Q1 2024Quarterly · 2024-03-31 | Product | Specialized Quantum Computing Hardware | 3,619,000 | USD | 0000950170-25-065699 |
| FY 2023Yearly · 2023-12-31 | Geography | CH | 646,000 | USD | 0001193125-26-071562 |
| FY 2023Yearly · 2023-12-31 | Geography | International | 2,693,000 | USD | 0001193125-26-071562 |
| FY 2023Yearly · 2023-12-31 | Geography | United States | 18,703,000 | USD | 0001193125-26-071562 |
| FY 2023Yearly · 2023-12-31 | Product | Platform Consulting And Support Services | 14,959,000 | USD | 0001193125-26-071562 |
| FY 2023Yearly · 2023-12-31 | Product | Quantum Hardware | 7,083,000 | USD | 0001193125-26-071562 |
| FY 2022Yearly · 2022-12-31 | Geography | International | 1,956,000 | USD | 0000950170-25-027722 |
| FY 2022Yearly · 2022-12-31 | Geography | United States | 9,175,000 | USD | 0000950170-25-027722 |
| FY 2022Yearly · 2022-12-31 | Product | Platform Consulting And Support Services | 10,892,000 | USD | 0000950170-25-027722 |
| FY 2022Yearly · 2022-12-31 | Product | Specialized Quantum Computing Hardware | 239,000 | USD | 0000950170-25-027722 |
Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.