What is IonQ's gross profit?

IonQ (IONQ) reported gross profit of $15.41M in Q1 2026.

How has IonQ's gross profit changed year-over-year?

IonQ's gross profit increased by 374.1% year-over-year, from $3.25M to $15.41M.

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

Over 4 years (2021 to 2025), IonQ's gross profit has grown at a 165.4% compound annual growth rate (CAGR), from $1.06M to $52.53M.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

IonQ IONQ Gross Profit

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Infleqtion INFQ

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Other financials

Income statement

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Revenue$64.7M+755%

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%

CapEx$8.4M+263%

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

Calculated from IonQ’s reported figures.

$64.7Mtotal revenue−$49.3Mtotal cost of revenue=$15.41M

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 gross profit?: IonQ (IONQ) reported gross profit of $15.41M in Q1 2026.
How has IonQ's gross profit changed year-over-year?: IonQ's gross profit increased by 374.1% year-over-year, from $3.25M to $15.41M.
What is the long-term trend for IonQ's gross profit?: Over 4 years (2021 to 2025), IonQ's gross profit has grown at a 165.4% compound annual growth rate (CAGR), from $1.06M to $52.53M.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.