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IonQ IONQ Net margin

Net margin at other companies

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International Business MachinesIBM
15.6%+6.9pp
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QualcommQCOM
26.8%+3.4pp
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Quanta ServicesPWR
3.7%-0.1pp
Akamai Technologies logo
Akamai TechnologiesAKAM
10.2%-1.1pp
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Quest DiagnosticsDGX
9.1%+0.2pp
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Alphabet Inc.GOOGL

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%
CapEx$8.4M+263%
Free cash flow-$159.4M-351%

Valuation

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Market cap$20.41B+100%
Enterprise value$19.94B+97.0%
P/S109.1×-127×

Profitability

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Gross margin34.6%-15.5pp
Operating margin-443.3%-89.3pp

Returns & leverage

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Return on equity-108.2%-223pp
Debt / equity0.0×
Current ratio14.1×+0.9×

Where this comes from

Calculated from IonQ’s reported figures.

Based on trailing twelve months.

The official record: IonQ’s 10-Q, filed November 5, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is IonQ's net margin?
IonQ (IONQ) reported net margin of -1,836.3% in Q3 2025.
How has IonQ's net margin changed year-over-year?
IonQ's net margin decreased by 301.1% year-over-year, from -457.9% to -1,836.3%.
What is the long-term trend for IonQ's net margin?
Over 2 years (2022 to 2024), IonQ's net margin has grown at a -34.7% compound annual growth rate (CAGR), from -5,690% to -2,424%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.