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IonQ IONQ Total Cost of Revenue

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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$14.51B+13.7%
Enterprise value$14.04B+11.1%
P/S77.6×-166×

Profitability

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Gross margin34.6%-15.5pp
Operating margin-443.3%-89.3pp
Net margin-1,836.3%-2,750pp
FCF margin-226.4%-49.5pp

Returns & leverage

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

Where this comes from

Reported directly by IonQ in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization.

The official record: IonQ’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is IonQ's total cost of revenue?
IonQ (IONQ) reported total cost of revenue of $49.25M in Q1 2026.
How has IonQ's total cost of revenue changed year-over-year?
IonQ's total cost of revenue increased by 1041.5% year-over-year, from $4.32M to $49.25M.
What is the long-term trend for IonQ's total cost of revenue?
Over 4 years (2021 to 2025), IonQ's total cost of revenue has grown at a 193.8% compound annual growth rate (CAGR), from $1.04M to $77.49M.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.