Income StatementBalance SheetCash FlowSegments
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IonQ Income Statement

Revenue, expenses, and profitability over time

IonQ generated $187.1M in trailing twelve-month revenue, up 3.3% year-over-year. Net income was -$458.7M with a -245.13% net margin. Gross margin stands at 34.57% and operating margin at -443.33%. Diluted EPS is $-2.35, which declined 0.5% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$187.1MGross Profit (TTM)$64.7MOperating Income (TTM)-$829.5MNet Income (TTM)-$1.5BEps Diluted (TTM)$-5.37
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$26.2B
ROE-15.98%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Shipping and Handling Costs$89.2M$83.2M$181.3M$208.7M$290.5M$336.2M
Depreciation and amortization$5.5M$6.6M$10.6M$24.2M$40.6M$43.1M
General and administrative$29.7M$23.8M$48.1M$82.5M$90.7M$88.6M
Research and development$40.1M$40.0M$103.4M$66.3M$96.1M$125.7M
Selling and marketing$8.9M$8.6M$10.9M$14.4M$19.5M$29.4M
Total operating expenses$89.2M$83.2M$181.3M$208.7M$290.5M$336.2M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$-0.95$-0.14$-0.70$-3.58—$2.19
Diluted earnings per share$-0.95$-0.14$-0.70$-3.58—$2.07
Weighted-average shares, basic1.7M228.8M251M294.5M22M358.8M
Weighted-average shares, diluted1.7M228.8M251M294.5M22M371.2M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$6.7M$3.3M$12.4M$18.6M$18.3M$15.4M
Operating income-$77.5M-$75.7M-$160.6M-$168.8M-$228.6M-$271.5M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Charges-$111.0K$51.0K$232.0K-$980.0K$726.0K-$16.1M
Other income (expense), net-$111.0K$51.0K$232.0K-$980.0K$726.0K-$16.1M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes-$202.0M-$32.2M-$192.8M-$1.1B—$798.2M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$20.0K$12.0K-$15.3M-$4.4M-$24.9M-$6.4M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income-$202.0M-$32.3M-$176.8M-$1.1B—$805.4M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net interest income$4.1M$4.9M$7.1M$14.4M$29.5M$28.2M
Total revenue$11.7M$7.6M$20.7M$39.9M$61.9M$64.7M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Income (Expense), Operating$4.1M$4.9M$7.1M$14.4M$29.5M$28.2M
Other income, net (Note 6)-$111.0K$51.0K$232.0K-$980.0K$726.0K-$16.1M
Revenue From Contract With Customer Excluding Assessed Tax$11.7M$7.6M$20.7M$39.9M$61.9M$64.7M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$5.0M$4.3M$8.3M$21.3M$43.6M$49.3M