IonQ, Inc. income statement
In fiscal 2025, IonQ, Inc. reported revenue of $130m, up 201.9% on the year before, operating income of −$634m (a -487.4% margin) and net income of −$510m, or −$1.82 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 2 | 1,235 | 22 | 43 | 130 | 246 |
| Research and development | 10 | 20 | 44 | 92 | 137 | 306 | 449 |
| Selling and marketing | 0 | 3 | 8 | 18 | 28 | 53 | 96 |
| General and administrative | 4 | 14 | 36 | 51 | 71 | 245 | 379 |
| Operating income | −16 | −39 | −86 | −158 | −232 | −634 | −1,006 |
| Net interest income | — | 0 | 7 | 19 | 18 | 56 | 104 |
| Income before tax | −15 | −106 | −49 | −158 | −332 | −557 | −1,408 |
| Income tax | 0 | 0 | 0 | 0 | 0 | −45 | −42 |
| Net income | −15 | −106 | −49 | −158 | −332 | −510 | −1,364 |
| Diluted EPS | −$0.13 | −$0.77 | −$0.25 | −$0.78 | −$1.56 | −$1.82 | −$3.95 |
| Diluted shares (average) | 115m | 138m | 198m | 203m | 213m | 280m | 345m |
| EBITDA | −14 | −36 | −80 | −147 | −214 | −552 | −852 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12 | 12 | 8 | 21 | 40 | 62 | 65 | 80 |
| Research and development | 33 | 40 | 40 | 103 | 66 | 96 | 126 | 161 |
| Selling and marketing | 7 | 9 | 9 | 11 | 14 | 20 | 29 | 33 |
| General and administrative | 14 | 30 | 24 | 48 | 83 | 91 | 89 | 118 |
| Operating income | −53 | −78 | −76 | −161 | −169 | −229 | −272 | −337 |
| Net interest income | 5 | 4 | 5 | 7 | 14 | 30 | 28 | 32 |
| Income before tax | −52 | −202 | −32 | −193 | −1,060 | 728 | 798 | −1,875 |
| Income tax | 0 | 0 | 0 | −15 | −4 | −25 | −6 | −6 |
| Net income | −52 | −202 | −32 | −177 | −1,055 | 754 | 805 | −1,868 |
| Diluted EPS | −$0.24 | −$0.95 | −$0.14 | −$0.70 | −$3.58 | $3.07 | $2.07 | −$5.08 |
| EBITDA | −48 | −72 | −69 | −150 | −145 | −188 | −228 | −291 |
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