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IonQ IONQ Net 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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Gross margin29.3%-24.5pp
Operating margin-408.2%-120pp
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 10-Q, filed November 5, 2025. Open the filing →

Filed
Nov 5, 2025
Fiscal quarter
Q3 FY2025
Calendar quarter
Q3 2025
Accession
0001193125-25-266942

FAQ

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 3 years (2021 to 2024), IonQ's net margin has grown at a -46.6% compound annual growth rate (CAGR), from -5,058.9% to -770%.
What does net margin mean?
Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

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