Growth Metrics

IonQ (IONQ-WT) Cost of Revenue (2020 - 2026)

IonQ's quarterly Cost of Revenue came in at $49.3 million in Q1 2026, up 1041.46% year-on-year from $4.3 million in Q1 2025, and up 152.34% quarter-over-quarter from $19.5 million in Q4 2025.

IonQ has reported Cost of Revenue for 7 years, with the latest figure at $49.3 million in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue rose 1041.46% year-over-year to $49.3 million; the trailing twelve-month figure through Mar 2026 stood at $98.4 million (up 455.76% YoY), and the FY2025 full-year result was $53.4 million, up 159.49% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $49.3 million, up from $19.5 million in the prior quarter.
  • The five-year high for Cost of Revenue was $49.3 million in Q1 2026, with the low at $742000.0 in Q2 2022.
  • Average Cost of Revenue over 5 years is $8.2 million, with a median of $3.8 million recorded in 2022.
  • Year-over-year, Cost of Revenue sank 64.31% in 2024 and jumped 1628.88% in 2025.
  • Tracing IONQ-WT's Cost of Revenue over 5 years: stood at $3.8 million in 2022, then dropped by 16.83% to $3.2 million in 2023, then slumped by 64.31% to $1.1 million in 2024, then jumped by 1628.88% to $19.5 million in 2025, then surged by 152.34% to $49.3 million in 2026.
  • The last three Cost of Revenue figures came in at $49.3 million (Q1 2026), $19.5 million (Q4 2025), and $21.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Dell Technologies 284.11 Bn 272.59 Bn 6.73 Bn 26.65 Bn
2 Sandisk 250.86 Bn 247.12 Bn 4.66 Bn 1.29 Bn
3 Arista Networks 200.57 Bn 188.21 Bn 1.68 Bn 141.60 Mn
4 Seagate Technology Holdings 190.92 Bn 189.77 Bn 1.45 Bn 1.67 Bn
5 Western Digital 181.67 Bn 178.44 Bn 1.68 Bn 1.66 Bn
6 Super Micro Computer 27.56 Bn 26.27 Bn 1.02 Bn 9.22 Bn
7 Everpure 26.12 Bn 25.11 Bn 740.09 Mn 318.82 Mn
8 IonQ 25.86 Bn 23.84 Bn 15.41 Mn 49.25 Mn
9 Hp 25.04 Bn 21.89 Bn 2.84 Bn 11.60 Bn
10 IonQ - - 15.41 Mn 49.25 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 49.25 Mn
Mar 31, 2026 49.25 Mn
Dec 31, 2025 19.52 Mn
Dec 31, 2025 19.52 Mn
Sep 30, 2025 21.25 Mn
Sep 30, 2025 21.25 Mn
Jun 30, 2025 8.33 Mn
Jun 30, 2025 8.33 Mn
Mar 31, 2025 4.32 Mn
Mar 31, 2025 4.32 Mn
Dec 31, 2024 1.13 Mn
Dec 31, 2024 1.13 Mn
Sep 30, 2024 6.63 Mn
Sep 30, 2024 6.63 Mn
Jun 30, 2024 5.62 Mn
Jun 30, 2024 5.62 Mn
Mar 31, 2024 6.70 Mn
Mar 31, 2024 6.70 Mn
Dec 31, 2023 3.16 Mn
Dec 31, 2023 3.16 Mn
Sep 30, 2023 2.01 Mn
Sep 30, 2023 2.01 Mn
Jun 30, 2023 1.90 Mn
Jun 30, 2023 1.90 Mn
Mar 31, 2023 1.04 Mn
Mar 31, 2023 1.04 Mn
Dec 31, 2022 3.80 Mn
Dec 31, 2022 3.80 Mn
Sep 30, 2022 1.97 Mn
Sep 30, 2022 1.97 Mn
Jun 30, 2022 742,000.00
Jun 30, 2022 742,000.00
Mar 31, 2022 1.87 Mn
Mar 31, 2022 1.87 Mn
Dec 31, 2021 -1.34 Mn
Dec 31, 2021 -1.34 Mn
Sep 30, 2021 234,000.00
Sep 30, 2021 234,000.00
Jun 30, 2021 871,000.00
Jun 30, 2021 871,000.00
Mar 31, 2021 181,000.00
Mar 31, 2021 181,000.00
Dec 31, 2020 223,000.00
Dec 31, 2020 223,000.00
Sep 30, 2020 81,000.00
Sep 30, 2020 81,000.00