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IonQ IONQ Operating 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
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 operating margin?
IonQ (IONQ) reported operating margin of -408.2% in Q2 2026.
How has IonQ's operating margin changed year-over-year?
IonQ's operating margin increased by 41.7% year-over-year, from -700.6% to -408.2%.
What is the long-term trend for IonQ's operating margin?
Over 4 years (2021 to 2025), IonQ's operating margin has grown at a -28.3% compound annual growth rate (CAGR), from -1,843.1% to -487.4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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