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IonQ IONQ Gross margin

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Other financials

Income statement

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Revenue$80.1M+287%
Gross profit$19.9M+61.2%
Operating income-$337.2M-110%
Net income-$1.9B-956%
EPS (diluted)-$5.08-626%

Balance sheet

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Cash & equivalents$1.2B+761%
Total debt$54.5M+183%
Total equity$3.3B+187%
Total assets$6.8B+403%

Cash flow

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Operating cash flow-$103.8M-97.4%
CapEx$10.2M+756%
Free cash flow-$114.0M-112%

Valuation

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Market cap$14.5B+24.9%
Enterprise value$13.32B+16.0%
P/S58.8×-163×

Profitability

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Operating margin-408.2%-120pp
Net margin-1,836.3%-2,750pp
FCF margin-196.3%-49.5pp

Returns & leverage

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Return on equity-108.2%-223pp
Debt / equity0.0×
Current ratio10.7×+2.9×

Where this comes from

Calculated from IonQ’s reported figures.

Based on trailing twelve months.

The source filing: IonQ’s 8-K, filed August 5, 2026. Open the filing →

Filed
Aug 5, 2026, 4:05 PM EDT
Accession
0001193125-26-335040

FAQ

What is IonQ's gross margin?
IonQ (IONQ) reported gross margin of 29.3% in Q2 2026.
How has IonQ's gross margin changed year-over-year?
IonQ's gross margin decreased by 45.5% year-over-year, from 53.8% to 29.3%.
What is the long-term trend for IonQ's gross margin?
Over 4 years (2021 to 2025), IonQ's gross margin has grown at a -5.4% compound annual growth rate (CAGR), from 50.5% to 40.4%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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