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| Date | Value |
|---|---|
| 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 |