IonQ (IONQ-WT) Cost of Revenue (2020 - 2026)
IonQ (IONQ-WT) posted Cost of Revenue of $60.1 million for Q2 2026, up 22.04% on a QoQ basis from $49.3 million in Q1 2026, and up 621.87% year-over-year from $8.3 million in Q2 2025.
Analysis
IonQ (IONQ-WT) Cost of Revenue (2020 - 2026) Analysis & Trends
IonQ has reported Cost of Revenue for 7 years, with the latest figure at $60.1 million in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 621.87% year-over-year to $60.1 million in Q2 2026; TTM through Jun 2026 was $174.2 million, a 619.82% increase from a year earlier, with the FY2025 full-year figure at $77.5 million, up 276.21% from the prior year.
- Cost of Revenue was $60.1 million for Q2 2026 at IonQ, up from $49.3 million in the prior quarter.
- The five-year high for Cost of Revenue was $60.1 million in Q2 2026, with the low at $568000.0 in Q1 2022.
- Average Cost of Revenue over 5 years is $12.1 million, with a median of $3.9 million recorded in 2024.
- The sharpest annual moves came in 2025 and 2026: Cost of Revenue rose 26.39% in 2025, then soared 1041.46% in 2026.
- Over 5 years, Cost of Revenue stood at $901000.0 in 2022, then jumped by 251.05% to $3.2 million in 2023, then surged by 59.5% to $5.0 million in 2024, then jumped by 764.08% to $43.6 million in 2025, then soared by 37.89% to $60.1 million in 2026.
- The last three Cost of Revenue figures came in at $60.1 million (Q2 2026), $49.3 million (Q1 2026), and $43.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn | 60.11 Mn |
| 2 | D-Wave Quantum | 6.07 Bn | 6.07 Bn | 1.70 Mn | 1.37 Mn |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn | 2.95 Mn |
| 4 | Quantum Computing | 1.75 Bn | 1.75 Bn | -1.17 Mn | 6.72 Mn |
| 5 | Infleqtion | 1.32 Bn | 839.31 Mn | 2.17 Mn | 11.37 Mn |
| 6 | BTQ Technologies | 359.38 Mn | 359.38 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 | - | - |
| 10 | Xanadu Quantum Technologies | 7.78 | -312.78 Mn | 1.38 Mn | 128,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 60.11 Mn |
| Mar 31, 2026 | 49.25 Mn |
| Dec 31, 2025 | 43.59 Mn |
| Sep 30, 2025 | 21.25 Mn |
| Jun 30, 2025 | 8.33 Mn |
| Mar 31, 2025 | 4.32 Mn |
| Dec 31, 2024 | 5.05 Mn |
| Sep 30, 2024 | 6.52 Mn |
| Jun 30, 2024 | 5.62 Mn |
| Mar 31, 2024 | 3.41 Mn |
| Dec 31, 2023 | 3.16 Mn |
| Sep 30, 2023 | 2.01 Mn |
| Jun 30, 2023 | 1.90 Mn |
| Mar 31, 2023 | 1.04 Mn |
| Dec 31, 2022 | 901,000.00 |
| Sep 30, 2022 | 733,000.00 |
| Jun 30, 2022 | 742,000.00 |
| Mar 31, 2022 | 568,000.00 |
| Dec 31, 2021 | 298,000.00 |
| Sep 30, 2021 | 234,000.00 |