IonQ, Inc. financials

Key figures from IonQ, Inc.'s filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricJun 2026Jun 2025Change
Revenue$80M$21M+286.8%
Net income-$1.9B-$177M-956.2%
Free cash flow-$114M-$54M-112.0%
Gross margin
Operating margin-421.3%-776.0%+354.7 pts
Net margin-2333.2%-854.5%-1478.7 pts

Quarterly trend

Revenue by quarter
$6MSep 2023$6MDec 2023*$8MMar 2024$11MJun 2024$12MSep 2024$12MDec 2024*$8MMar 2025$21MJun 2025$40MSep 2025$62MDec 2025*$65MMar 2026$80MJun 2026
Net income by quarter
-$45MSep 2023-$42MDec 2023*-$40MMar 2024-$38MJun 2024-$52MSep 2024-$202MDec 2024*-$32MMar 2025-$177MJun 2025-$1.1BSep 2025$754MDec 2025*$805MMar 2026-$1.9BJun 2026
Free cash flow by quarter
-$26MSep 2023-$34MDec 2023*-$24MMar 2024-$34MJun 2024-$23MSep 2024-$43MDec 2024*-$35MMar 2025-$54MJun 2025-$127MSep 2025-$83MDec 2025*-$159MMar 2026-$114MJun 2026
Margins by quarter
-3230%-700%1829%Sep 2023Dec 2023*Mar 2024Jun 2024Sep 2024Dec 2024*Mar 2025Jun 2025Sep 2025Dec 2025*Mar 2026Jun 2026-687.6%-891.7%-697.4%-430.0%-428.5%-661.9%-1000.3%-776.0%-423.5%-369.4%-419.8%-421.3%-730.3%-690.0%-522.2%-330.0%-423.4%-1728.0%-426.3%-854.5%-2646.3%1218.4%1245.4%-2333.2%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY Dec 2025$130M-$510M-392.3%-$300M-$1.82
FY Dec 2024$43M-$332M-770.8%-$124M-$1.56
FY Dec 2023$22M-$158M-716.8%-$93M-$0.78
FY Dec 2022$11M-$49M-440.2%-$54M-$0.25
FY Dec 2021$2M-$106M-5050.0%-$34M-$0.77

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.