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

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