IonQ, Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019
Revenue	79.84	43.07	22.04	11.13	2.1	-	Upgrade
Revenue Growth (YoY)	113.07%	95.41%	98.02%	430.30%	-	-	Upgrade
Cost of Revenue	38.09	20.34	7.96	2.89	1	0.14	Upgrade
Gross Profit	41.75	22.73	14.08	8.24	1.1	-0.14	Upgrade
Selling, General & Admin	201.25	101.37	69.86	45.02	17.63	4.3	Upgrade
Research & Development	247.42	135.16	91.6	43.37	19.62	9.89	Upgrade
Operating Expenses	495.54	255.19	171.83	93.99	39.79	15.59	Upgrade
Operating Income	-453.79	-232.46	-157.75	-85.75	-38.69	-15.73	Upgrade
Interest & Investment Income	30.61	18.25	19.32	7.09	0.06	-	Upgrade
Other Non Operating Income (Expenses)	-1,035	-117.38	-19.29	30.14	-63.3	0.31	Upgrade
EBT Excluding Unusual Items	-1,458	-331.59	-157.72	-48.51	-101.93	-15.42	Upgrade
Merger & Restructuring Charges	-28.8	-	-	-	-4.26	-	Upgrade
Pretax Income	-1,487	-331.59	-157.72	-48.51	-106.19	-15.42	Upgrade
Income Tax Expense	-19.68	0.06	0.05	-	-	-	Upgrade
Net Income	-1,466	-331.65	-157.77	-48.51	-106.19	-15.42	Upgrade
Net Income to Common	-1,466	-331.65	-157.77	-48.51	-106.19	-15.42	Upgrade
Shares Outstanding (Basic)	248	213	203	198	138	115	Upgrade
Shares Outstanding (Diluted)	248	213	203	198	138	115	Upgrade
Shares Change (YoY)	18.28%	5.16%	2.45%	43.69%	19.61%	2787.50%	Upgrade
EPS (Basic)	-5.91	-1.56	-0.78	-0.25	-0.77	-0.13	Upgrade
EPS (Diluted)	-5.91	-1.56	-0.78	-0.25	-0.77	-0.13	Upgrade
Free Cash Flow	-259.33	-123.68	-92.51	-54.03	-34.32	-22.04	Upgrade
Free Cash Flow Per Share	-1.04	-0.58	-0.46	-0.27	-0.25	-0.19	Upgrade
Gross Margin	52.29%	52.77%	63.87%	74.03%	52.60%	-	Upgrade
Operating Margin	-568.40%	-539.68%	-715.70%	-770.34%	-1843.12%	-	Upgrade
Profit Margin	-1836.32%	-769.97%	-715.77%	-435.82%	-5058.89%	-	Upgrade
Free Cash Flow Margin	-324.82%	-287.13%	-419.72%	-485.44%	-1635.06%	-	Upgrade
EBITDA	-407.92	-213.8	-147.38	-80.14	-36.14	-14.33	Upgrade
D&A For EBITDA	45.86	18.65	10.38	5.6	2.55	1.4	Upgrade
EBIT	-453.79	-232.46	-157.75	-85.75	-38.69	-15.73	Upgrade
Advertising Expenses	-	0.2	0.9	1.3	1.1	0.4	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.