IonQ, Inc. Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	187.12	130.02	43.07	22.04	11.13	2.1
Revenue Growth (YoY)	334.58%	201.85%	95.41%	98.02%	430.30%	-
Cost of Revenue	122.43	77.49	20.6	8.11	2.94	1.04
Gross Profit	64.69	52.53	22.48	13.93	8.19	1.06
Selling, General & Admin	384.17	298.53	99.45	68.99	44.35	16.97
Depreciation & Amortization Expenses	118.57	82	18.65	10.38	5.6	2.55
Research & Development	391.49	305.71	136.83	92.32	43.98	20.23
Total Operating Expenses	894.23	686.24	254.93	171.69	93.93	39.75
Operating Income	-829.54	-633.72	-232.46	-157.75	-85.75	-38.69
Interest Income	79.34	56	18.25	19.32	7.09	0.06
Other Non-Operating Income (Expense)	1,024	21.03	-117.38	-19.29	30.14	-67.56
Total Non-Operating Income (Expense)	1,103	77.02	-99.13	0.03	37.24	-67.5
Pretax Income	273.78	-556.69	-331.59	-157.72	-48.51	-106.19
Provision for Income Taxes	-50.97	-44.57	0.06	0.05	-	-
Net Income	327.23	-510.38	-331.65	-157.77	-48.51	-106.19
Minority Interest in Earnings	-2.49	-1.74	-	-	-	-
Net Income to Common	327.23	-510.38	-331.65	-157.77	-48.51	-106.19
Shares Outstanding (Basic)	313	280	213	203	198	138
Shares Outstanding (Diluted)	321	280	213	203	198	138
Shares Change (YoY)	47.33%	31.60%	5.16%	2.45%	43.69%	19.61%
EPS (Basic)	0.04	-1.82	-1.56	-0.78	-0.25	-0.77
EPS (Diluted)	-0.28	-1.82	-1.56	-0.78	-0.25	-0.77
Shares Outstanding	373.17	362.48	221.92	206.61	199.86	195.63
Free Cash Flow	-423.66	-299.6	-123.68	-92.51	-54.03	-34.32
Free Cash Flow Per Share	-1.32	-1.07	-0.58	-0.46	-0.27	-0.25
Gross Margin	34.57%	40.40%	52.18%	63.22%	73.55%	50.45%
Operating Margin	-443.33%	-487.41%	-539.68%	-715.70%	-770.34%	-1843.12%
Profit Margin	173.55%	-393.89%	-769.97%	-715.77%	-435.82%	-5058.89%
FCF Margin	-226.41%	-230.44%	-287.13%	-419.72%	-485.44%	-1635.06%
EBITDA	-710.97	-551.71	-213.8	-147.38	-80.14	-36.14
EBITDA Margin	-379.96%	-424.34%	-496.37%	-668.63%	-719.99%	-1721.72%
EBIT	-829.54	-633.72	-232.46	-157.75	-85.75	-38.69
EBIT Margin	-443.33%	-487.41%	-539.68%	-715.70%	-770.34%	-1843.12%
Effective Tax Rate	-18.62%	8.01%	-0.02%	-0.03%	0.00%	0.00%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q