Income StatementBalance SheetCash FlowSegments
IonQ logo

IonQ Balance Sheet Statement

Assets, liabilities, and shareholders' equity

IonQ holds $6.7B in total assets. Shareholders' equity is $5.0B against $30.4M in total debt. Cash and equivalents total $501.4M. The current ratio is 14.05 and debt-to-equity is 0.006. Based on the Q1 2026 filing.

Total Assets$6.7BTotal Stockholders Equity$5.0BCash And Equivalents$501.4MTotal Current Assets$2.3BTotal Current Liabilities$163.9M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$26.2B
ROE-15.98%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$5.2M$8.8M$8.9M$17.0M$26.1M$38.3M
Accrued expenses$16.8M$8.7M$17.0M$39.2M$44.2M$28.2M
Accrued interest$2.2M$4.2M$3.8M$9.5M$18.5M$19.0M
Accrued Manufacturing Costs$10.4M$8.7M$17.0M$39.2M$44.2M$28.2M
Other Commercial Liabilities$16.8M$23.6M$49.2M$91.9M$89.7M$65.4M
Commercial Paper Outstanding$2.1M$2.3M$2.3M$5.2M$5.2M$5.3M
Accrued Liabilities, Current$16.8M$23.6M$49.2M$91.9M$89.7M$65.4M
Deferred income$10.7M$12.1M$16.7M$21.9M$42.1M$51.0M
Compensation and benefits$10.4M$8.7M$17.0M$39.2M$44.2M$28.2M
Deferred revenue$10.7M$12.1M$19.5M$25.2M$1.9M$470.0M
Derivative Liabilities - Fair Value$70.7M$21.2M$58.0M$1.8B$2.5B$1.4B
Operating Lease Liability Payments - 2024 (Lessee)—$4.2M$5.5M$8.9M—$9.5M
Operating Lease Liability Payments - 2025 (Lessee)—$4.4M$4.5M$5.9M—$5.4M
Lease Liability Payments - Due Year Two—$4.2M$5.5M$8.9M—$9.5M
Lease Liability Payments - Due Year Three—$4.3M$4.4M$7.6M—$7.6M
Lease Liability Payments - Due Year Four—$4.4M$4.5M$5.9M—$5.4M
Lease Liability Payments - Remainder of Fiscal Year—$2.9M$3.0M$2.3M—$7.6M
Operating lease liabilities, current$3.4M$3.6M$5.5M$8.6M$8.9M$9.2M
Operating Lease Liability Payments Due—$21.2M$22.9M$34.1M—$35.8M
Operating Lease Liability - Undiscounted Excess Amount—$3.9M$3.6M$5.6M—$5.3M
Professional Service Fees Payable$936.0K$6.6M$19.2M$26.5M$18.6M$6.5M
Total current liabilities$36.1M$48.4M$80.6M$139.3M$166.8M$163.9M

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$10.2M$9.5M$19.1M$36.9M$66.5M$98.2M
Available-for-Sale Debt Securities - Unrealized Loss Position (>=12 Months)$28.4M$6.0M$4.0M$13.7M$0.0$0.0
AFS and Trading Securities - Unrealized Loss Position (>=12 Months)$28.4M$6.0M$4.0M$13.7M$0.0$0.0
AFS and Trading Securities - Unrealized Loss Position (<12 Months) Fair Value$67.6M$425.7M$361.7M$148.7M$914.7M$2.1B
Available-for-Sale Debt Securities - Unrealized Loss Position (<12 Months)$67.6M$425.7M$361.7M$148.7M$914.7M$2.1B
Available-for-Sale Debt Securities - Unrealized Loss Position$171.0K$221.0K$238.0K$99.0K$435.0K$5.6M
AFS and Trading Securities - Unrealized Loss Position (>=12 Months) Fair Value$28.4M$6.0M$4.0M$13.7M$0.0$0.0
AFS and Trading Securities - Unrealized Loss Position Fair Value$96.0M$431.7M$365.7M$162.4M$914.7M$2.1B
AFS and Trading Securities - Unrealized Loss Position (<12 Months) Fair Value$67.6M$425.7M$361.7M$148.7M$914.7M$2.1B
Allowance for Doubtful Accounts Receivable (Current)$0.0$0.0$0.0$0.0$0.0$0.0
Cash and cash equivalents$56.8M$162.4M$143.5M$352.3M$1.0B$501.4M
Cash, Cash Equivalents, and Marketable Securities$96.0M$431.7M$365.7M$162.4M$914.7M$2.1B
Other current assets$2.6M$6.7M$15.9M$20.3M$25.1M$31.9M
Trading assets—$588.4M$547.4M$1.1B—$2.0B
Finished goods——$1.7M$1.4M$1.1M$2.3M
Raw materials——$6.5M$7.3M$8.8M$11.9M
Work in process——$508.0K$7.0K$402.0K$2.8M
Inventories$0.0—$8.7M$8.7M$10.3M$17.1M
Prepaid expenses and other current assets$28.3M$39.2M$59.9M$96.0M$127.8M$171.3M
Restricted cash$2.4M$2.7M$3.4M$6.3M$6.9M$7.8M
Short-term investments$285.9M$428.6M$406.8M$736.3M$1.4B$1.5B
Total current assets$378.8M$637.0M$625.9M$1.2B$2.6B$2.3B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued Employee Benefits (Non-Current)$0.0—$4.8M—$6.3M$7.5M
Derivative Liabilities (Non-Current)$70.7M$21.2M$58.0M$1.8B$2.5B$1.4B
Operating Lease Liability Payments - 2026 (Lessee)—$4.3M$4.4M$7.6M—$7.6M
Operating Lease Liability Payments - 2027 (Lessee)—$3.9M$4.0M$4.6M—$2.5M
Operating Lease Liability Payments - 2028 (Lessee)—$4.4M$4.5M$5.9M—$5.4M
Operating Lease Liability Payments - 2029 (Lessee)—$3.9M$4.0M$4.6M—$2.5M
Lease Liability Payments - Due After Year Five—$1.5M$1.5M$4.9M—$3.2M
Operating Lease Liability Payments - Thereafter (Lessee)—$1.5M$1.5M$4.9M—$3.2M
Deferred income$0.0—$2.8M$3.4M$1.9M$13.5M
Operating lease liabilities, non-current$14.4M$13.7M$13.7M$19.9M$21.2M$21.3M
Operating Lease Liabilities (Total)$17.7M$17.4M$19.3M$28.5M$30.0M$30.4M
Other non-current liabilities$3.4M$1.7M$13.0M$100.7M$95.2M$98.6M
Total liabilities$124.5M$85.0M$168.2M$2.0B$2.8B$1.7B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$1.1B$1.5B$2.1B$4.2B$5.0B$5.4B
AFS and Trading Securities - Unrealized Loss Position (>=12 Months) Accumulated Loss$60.0K$10.0K$2.0K$3.0K$0.0$0.0
Accumulated other comprehensive income (loss)$157.0K-$11.0K$4.1M-$16.8M-$12.7M-$55.1M
Common stock22K1B1B1B1B1B
Common Stock Par Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00
Common Stock Shares Issued221.9M243.1M269.6M325.3M362.6M373.2M
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March&#160;31, 2026 and December&#160;31, 2025, respectively$22.0K$24.0K$27.0K$32.0K$36.0K$37.0K
Investments - Gross Unrealized Losses$96.0M$431.7M$365.7M$162.4M$914.7M$2.1B
Noncontrolling interests$0.0—$16.8M$14.4M$14.2M$13.7M
Number of Exercisable Options—259.2M312.4M441.2M—1.7M
Retained earnings-$683.7M-$716.0M-$892.8M-$1.9B-$1.2B-$388.7M
Share-Based Payment Award Options Outstanding - Number16.7M13.5M8.2M7.7M3.7M2.7M
Total liabilities and stockholders' equity$508.4M$850.1M$1.3B$4.3B$6.6B$6.7B
Total stockholders' equity$383.9M$765.0M$1.2B$2.3B$3.8B$5.0B
Unrealized Gains on Investments$341.0K$224.0K$161.0K$1.5M$2.3M$310.0K
Unrealized Losses on Investments (Before Tax)$171.0K$221.0K$238.0K$99.0K$435.0K$5.6M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$80.4M$83.7M$95.9M$165.8M$174.5M$195.4M
Deferred Revenue Timing Percentage—40.0%50.0%55.0%—50.0%
Accrued Equipment And Facilities Liabilities Current$534.0K——$12.1M$11.8M$13.5M
Professional service fees$936.0K$6.6M$19.2M$26.5M$18.6M$6.5M
Acquisition Purchase Consideration Liabilities————$5.6M$8.0M
Acquisition Purchase Consideration Liabilities Net Of Current Portion————$1.7M$11.8M
Accounts Receivable, Allowance for Credit Loss$0.0$0.0$0.0$0.0$0.0$0.0
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five—$111.5M$112.8M$408.4M—$1.1B
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One—$588.4M$547.4M$1.1B—$2.0B
Available for sale investments$366.3M$699.8M$660.2M$1.5B$3.3B$3.1B
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1—$1.38$1.38$1.38—$1.38
Class Of Warrant Or Right Issue Price—$11.50$11.50$11.50—$11.50
Class Of Warrant Redeemed—000—0
Class Of Warrants Or Rights Vested And Exercisable0000——
Common stock, par value (in dollars per share)$0.0$0.0$0.0$0.0$0.0$0.0
Common stock, shares authorized (in shares)$1.0B$1.0B$1.0B$1.0B$1.0B$1.0B
Common stock, shares issued (in shares)$221.9M$243.1M$269.6M$325.3M$362.6M$373.2M
Common Stock, Shares, Outstanding$221.9M$243.1M$269.6M$325.3M$362.6M$373.2M
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss$366.1M$699.8M$660.3M$1.5B$3.3B$3.1B
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss$60.0K$10.0K$2.0K$3.0K$0.0$0.0
Less than 12 months$67.6M$425.7M$361.7M$148.7M$914.7M$2.1B
12 months or more$28.4M$6.0M$4.0M$13.7M$0.0$0.0
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss$111.0K$211.0K$236.0K$96.0K$435.0K$5.6M
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss$171.0K$221.0K$238.0K$99.0K$435.0K$5.6M
Debt Securities, Available-for-Sale, Unrealized Loss Position$96.0M$431.7M$365.7M$162.4M$914.7M$2.1B
Deferred income taxes$0.0—$3.6M—$85.7M$77.8M
Derivative Liability, Noncurrent$70.7M$21.2M$58.0M$1.8B$2.5B$1.4B
Finite-Lived Intangible Assets, Accumulated Amortization-$11.5M—-$19.2M-$34.1M-$64.7M-$95.6M
Gross Carrying Amount$41.0M—$162.5M$690.0M$832.1M$876.7M
Raw materials——$6.5M$7.3M$8.8M$11.9M
Lessee Operating Lease Liability Payments Due—$21.2M$22.9M$34.1M—$35.8M
Lessee Operating Lease Liability Undiscounted Excess Amount—$3.9M$3.6M$5.6M—$5.3M
Letters of Credit Outstanding, Amount$2.1M$2.3M$2.3M$5.2M$5.2M$5.3M
Materials And Supplies$18.7M$24.0M——$47.4M$53.5M
Noncontrolling interests in subsidiaries$0.0—$16.8M$14.4M$14.2M$13.7M
Operating Lease Weighted Average Discount Rate Percent$0.1$0.1$0.1$0.1$0.1$0.1
Other accrued liabilities$1.7M$2.5M$5.0M$8.5M$9.5M$9.2M
Other$3.4M—$188.0K—$1.5M$1.4M
Postemployment benefit obligation$0.0—$4.8M—$6.3M$7.5M
Prepaid expenses$4.9M$4.5M$5.8M$8.8M$12.2M$35.4M
Purchase Obligation—————$106.2M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$71.9M$122.3M$141.1M—$470.0M
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number—$11.4M$5.1M$5.6M—$1.7M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number$16.7M$13.5M$8.2M$7.7M$3.7M$2.7M
Strategic Investments————$91.0M$130.6M
Purchase Obligation—————$106.2M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred tax assets$0.0$0.0$3.6M-$4.6M$85.7M$77.8M
Deferred Tax Assets and Other Non-Current Assets$4.4M$4.5M$27.0M$39.2M$165.4M$267.8M
Equity method investments$23.5M$108.9M$109.9M$402.6M$944.6M$1.1B
Available-for-sale securities$366.1M$699.8M$660.3M$1.5B$3.3B$3.1B
Finite Lived Intangible Assets - Gross$41.0M—$162.5M$690.0M$832.1M$876.7M
Goodwill$9.9M$10.7M$370.7M$1.9B$2.0B$2.1B
Intangible assets, net$29.5M$28.2M$143.2M$655.9M$767.4M$781.1M
Net Investment in Lease$9.5M$9.2M$11.3M$20.9M$22.7M$23.5M
Intangible assets &#8212; net$29.5M—$143.2M$655.9M$767.4M$781.1M
Other intangible assets&#8212;net$29.5M$28.2M$143.2M$655.9M$767.4M$781.1M
Investments$23.5M$108.9M$109.9M$402.6M$944.6M$1.1B
Operating lease right-of-use assets$9.5M$9.2M$11.3M$20.9M$22.7M$23.5M
Other non-current assets$4.4M$4.5M$27.0M$39.2M$165.4M$267.8M
Property, plant and equipment at cost$80.4M$83.7M$95.9M$165.8M$174.5M$195.4M
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)$285.9M$428.6M$406.8M$736.3M$1.4B$1.5B
Operating lease right-of-use assets947000000.0%8.2%7.8%7.6%7.6%7.5%
Operating Lease Right-of-Use Assets in Other Assets$9.5M$9.2M$11.3M$20.9M$22.7M$23.5M
Other non-current assets$4.4M$4.5M$27.0M$39.2M$165.4M$267.8M
Accumulated depreciation$27.6M$32.0M$37.3M$46.2M$54.4M$63.1M
Long-term Prepaid Supply Agreements————$14.3M$14.3M
Property and equipment, net$52.8M$51.6M$58.6M$119.6M$120.1M$132.3M
Software and Technology Licenses, Net$4.4M$4.5M$27.0M$39.2M$165.4M$267.8M
Total assets$508.4M$850.1M$1.3B$4.3B$6.6B$6.7B