Current Assets
Work in process
IonQ Work in process increased by 606.5% to $2.84M in Q1 2026 compared to the prior quarter. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ2 2025
Last reportedQ1 2026May 7, 2026
Parent metricInventories
How to read this metric
An increase may indicate production bottlenecks or scaling efforts, while a decrease suggests efficient throughput or reduced manufacturing activity.
Detailed definition
Represents the value of goods that have entered the production process but are not yet finished. For a manufacturer like...
Peer comparison
Peers in medical device manufacturing typically maintain lean WIP levels to optimize cash conversion cycles.
Metric ID:
inv_work_in_progressHistorical Data
4 periods
| Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|
| Value | $508.00K | $7.00K | $402.00K | $2.84M |
| QoQ Change | — | -98.6% | >999% | +606.5% |
| % of Inventories | 5.8% | 0.1% | 3.9% | 16.6% |
| Share Change | — | -5.7pp | +3.8pp | +12.7pp |
Range$7.00K – $2.84M
Current Streak2 quarters growth
Work in process at Other Companies
Frequently Asked Questions
- What is IonQ's work in process?
- IonQ (IONQ) reported work in process of $2.84M in Q1 2026.
- What does work in process mean?
- The value of goods currently in the middle of the manufacturing process.