What is IonQ's capex?

IonQ (IONQ) reported capex of $8.37M in Q1 2026.

How has IonQ's capex changed year-over-year?

IonQ's capex increased by 262.6% year-over-year, from $2.31M to $8.37M.

What is the long-term trend for IonQ's capex?

Over 4 years (2021 to 2025), IonQ's capex has grown at a 20.5% compound annual growth rate (CAGR), from $7.78M to $16.42M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

IonQ IONQ CapEx

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Other financials

Income statement

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Revenue$64.7M+755%

Gross profit$15.4M+374%

Operating income-$271.5M-259%

Net income$805.4M+2,597%

EPS (diluted)$2.07+1,579%

Balance sheet

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Cash & equivalents$501.4M+209%

Total debt$30.4M+75.4%

Total equity$5.0B+550%

Total assets$6.7B+687%

Cash flow

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Operating cash flow-$151.0M-357%

Free cash flow-$159.4M-351%

Valuation

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Market cap$16B+25.3%

Enterprise value$15.53B+22.8%

P/S85.5×-158×

Profitability

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Gross margin34.6%-15.5pp

Operating margin-443.3%-89.3pp

Net margin-1,836.3%-2,750pp

FCF margin-226.4%-49.5pp

Returns & leverage

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Return on equity-108.2%-223pp

Debt / equity0×0.0×

Current ratio14.1×+0.9×

Where this comes from

Reported directly by IonQ in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: IonQ’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is IonQ's capex?: IonQ (IONQ) reported capex of $8.37M in Q1 2026.
How has IonQ's capex changed year-over-year?: IonQ's capex increased by 262.6% year-over-year, from $2.31M to $8.37M.
What is the long-term trend for IonQ's capex?: Over 4 years (2021 to 2025), IonQ's capex has grown at a 20.5% compound annual growth rate (CAGR), from $7.78M to $16.42M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.