IonQ (IONQ-WT) Cash from Operations (2020 - 2026)
IonQ (IONQ-WT) posted Cash from Operations of -$103.8 million for Q2 2026, up 31.3% on a QoQ basis from -$151.0 million in Q1 2026, and down 97.35% year-over-year from -$3.9 billion in Q2 2025.
Analysis
IonQ (IONQ-WT) Cash from Operations (2020 - 2026) Analysis & Trends
IonQ has reported Cash from Operations for 7 years, with the latest figure at -$103.8 million in Q2 2026.
- On a quarterly basis, Cash from Operations fell 97.35% year-over-year to -$103.8 million in Q2 2026; TTM through Jun 2026 was -$452.4 million, a 213.63% decrease from a year earlier, with the FY2025 full-year figure at -$283.2 million, down 167.96% from the prior year.
- Cash from Operations was -$103.8 million for Q2 2026 at IonQ, up from -$151.0 million in the prior quarter.
- The five-year high for Cash from Operations was -$8.3 million in Q1 2022, with the low at -$151.0 million in Q1 2026.
- Average Cash from Operations over 5 years is -$42.6 million, with a median of -$24.4 million recorded in 2023.
- The sharpest annual moves came in 2024 and 2025: Cash from Operations rose 13.77% in 2024, then plunged 540.66% in 2025.
- Over 5 years, Cash from Operations stood at -$14.9 million in 2022, then slumped by 78.57% to -$26.6 million in 2023, then sank by 48.06% to -$39.4 million in 2024, then tumbled by 88.98% to -$74.5 million in 2025, then sank by 39.25% to -$103.8 million in 2026.
- The last three Cash from Operations figures came in at -$103.8 million (Q2 2026), -$151.0 million (Q1 2026), and -$74.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Operations (Qtr) |
|---|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn | -103.76 Mn |
| 2 | D-Wave Quantum | 6.07 Bn | 6.07 Bn | 1.70 Mn | -28.50 Mn |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn | -15.78 Mn |
| 4 | Quantum Computing | 1.75 Bn | 1.75 Bn | -1.17 Mn | -13.87 Mn |
| 5 | Infleqtion | 1.32 Bn | 839.31 Mn | 2.17 Mn | 13.19 Mn |
| 6 | BTQ Technologies | 359.38 Mn | 359.38 Mn | - | -4.27 Mn |
| 7 | Quantum eMotion | 339.79 Mn | 339.79 Mn | - | - |
| 8 | Arqit Quantum | 251.50 Mn | 251.50 Mn | - | - |
| 9 | Horizon Quantum Holdings | 13.39 | -113.25 Mn | - | -5.11 Mn |
| 10 | Xanadu Quantum Technologies | 7.78 | -312.78 Mn | 1.38 Mn | -23.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -103.76 Mn |
| Mar 31, 2026 | -151.02 Mn |
| Dec 31, 2025 | -74.51 Mn |
| Sep 30, 2025 | -123.08 Mn |
| Jun 30, 2025 | -52.57 Mn |
| Mar 31, 2025 | -33.03 Mn |
| Dec 31, 2024 | -39.43 Mn |
| Sep 30, 2024 | -19.21 Mn |
| Jun 30, 2024 | -26.58 Mn |
| Mar 31, 2024 | -20.47 Mn |
| Dec 31, 2023 | -26.63 Mn |
| Sep 30, 2023 | -22.28 Mn |
| Jun 30, 2023 | -16.09 Mn |
| Mar 31, 2023 | -13.82 Mn |
| Dec 31, 2022 | -14.91 Mn |
| Sep 30, 2022 | -12.86 Mn |
| Jun 30, 2022 | -8.61 Mn |
| Mar 31, 2022 | -8.32 Mn |
| Dec 31, 2021 | -4.69 Mn |
| Sep 30, 2021 | -12.03 Mn |