IonQ, Inc. (IONQ) Financial Statements
IonQ financial statements at a glance
IonQ reported revenue of $130.02 million for fiscal year 2025 (ended December 31, 2025), up 201.9% from fiscal year 2024. Net income was -$510.38 million, a net margin of 392.6% loss, and diluted earnings per share were -$1.82.
At the end of fiscal year 2025 it had total assets of $6.57 billion, total liabilities of $2.76 billion and shareholders' equity of $3.80 billion, with cash and short-term investments of $2.39 billion and total debt of $30.02 million.
Its operations brought in -$283.19 million of cash; capital spending was $16.42 million, leaving free cash flow of -$299.60 million.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
IonQ, Inc.
Income Statement
Annual • USD
IonQ key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $130.0M | $43.1M | $22.0M | $11.1M | $2.1M |
| Gross profit | $52.5M | $22.5M | $13.9M | $8.2M | $1.1M |
| Operating income | -$633.7M | -$232.5M | -$157.8M | -$85.7M | -$38.7M |
| Net income | -$510.4M | -$331.6M | -$157.8M | -$48.5M | -$106.2M |
| Diluted EPS | -$1.82 | – | -$0.78 | -$0.25 | -$0.77 |
| Total assets | $6.6B | $508.4M | $553.6M | $598.0M | $642.0M |
| Total liabilities | $2.8B | $124.5M | $68.6M | $29.8M | $50.8M |
| Shareholders' equity | $3.8B | $383.9M | $485.0M | $568.2M | $591.2M |
| Cash and short-term investments | $2.4B | $340.3M | $355.4M | $355.8M | $522.5M |
| Total debt | $30.0M | $17.7M | $8.1M | $4.1M | $4.2M |
| Operating cash flow | -$283.2M | -$105.7M | -$78.8M | -$44.7M | -$26.5M |
| Capital spending | $16.4M | $23.6M | $19.5M | $12.6M | $10.0M |
| Free cash flow | -$299.6M | -$129.3M | -$98.4M | -$57.3M | -$36.6M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was IonQ's revenue in fiscal year 2025?
$130.02 million, up 201.9% from $43.07 million in fiscal year 2024.
How much profit does IonQ make?
IonQ reported net income of -$510.38 million for fiscal year 2025 (392.6% of revenue); operating income was -$633.72 million.
How much cash and debt does IonQ have?
At the end of fiscal year 2025: cash and short-term investments of $2.39 billion and total debt of $30.02 million.
What is IonQ's free cash flow?
-$299.60 million in fiscal year 2025 (operating cash flow of -$283.19 million minus capital spending of $16.42 million).
