What are IonQ's profit margins?

IonQ (IONQ) runs a 34.6% gross margin and a -443.3% operating margin, with a -1836.3% net margin.

Where do IonQ's ratios come from?

Every ratio is computed from IonQ's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

IonQ IONQ Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	195.5%-19.8pp	215.3%-65.0pp	280.3%-2.2pp	282.5%+601pp
Operating margin	-2,385.3%+69.8pp	-2,455.2%+283pp	-2,737.7%+1,019pp	-3,756.7%—
EBITDA margin	-2,161.5%+110pp	-2,271.4%+289pp	-2,560.6%+934pp	-3,495%—
Free cash flow margin	-1,165.9%+203pp	-1,369.4%+240pp	-1,609.8%+1,099pp	-2,708.6%—
Returns
Return on invested capital	-179.4%+6.7pp	-186.1%-88.8pp	-97.3%—	——
Efficiency
Asset turnover	0.2×-0.1×	0.3×+0.1×	0.1×+0.1×	0.1×—
Liquidity
Current ratio	45.2×-2.5×	47.7×-12.8×	60.5×-46.4×	106.9×-2.2×
Quick ratio	44.9×-2.8×	47.7×-12.8×	60.5×-46.4×	106.9×-2.2×
Cash ratio	13.9×+8.1×	5.8×+0.1×	5.7×-10.2×	15.9×-78.4×
Leverage
Debt-to-equity	0.1×-0.1×	0.2×+0.1×	0.1×0.0×	0×—
Debt-to-assets	0×-0.1×	0.1×+0.1×	0×0.0×	0×—
Per Share
Book value per share	$29.24+251%	$8.33-18.4%	$10.20-13.5%	$11.79+21.5%
Valuation
Market capitalization	$51.73B+258%	$14.46B+51.2%	$9.56B+88.1%	$5.08B-46.0%
Enterprise value	$50.13B+250%	$14.33B+51.8%	$9.44B+94.1%	$4.86B—
Price / sales	697.7×+309×	389×-140×	528.8×-421×	949.9×-31,064×
Price / book	29×-6.3×	35.3×+16.5×	18.8×+10.1×	8.7×-89.4×
EV / sales	680.2×+295×	384.9×-137×	521.7×-391×	913×—
Free cash flow yield	-7.2%+13.1pp	-20.3%-7.3pp	-13.1%+6.1pp	-19.2%—

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Questions, answered.

What are IonQ's profit margins?: IonQ (IONQ) runs a 34.6% gross margin and a -443.3% operating margin, with a -1836.3% net margin.
Where do IonQ's ratios come from?: Every ratio is computed from IonQ's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.