IonQ (IONQ-WT) EBITDA (2020 - 2026)
IonQ (IONQ-WT) posted EBITDA of -$323.8 million for Q2 2026, down 24.46% on a QoQ basis from -$260.2 million in Q1 2026, and down 108.4% year-over-year from $3.9 billion in Q2 2025.
Analysis
IonQ (IONQ-WT) EBITDA (2020 - 2026) Analysis & Trends
IonQ has reported EBITDA for 7 years, with the latest figure at -$323.8 million in Q2 2026.
- On a quarterly basis, EBITDA fell 108.4% year-over-year to -$323.8 million in Q2 2026; TTM through Jun 2026 was -$961.9 million, a 174.9% decrease from a year earlier, with the FY2025 full-year figure at -$604.5 million, down 175.46% from the prior year.
- EBITDA was -$323.8 million for Q2 2026 at IonQ, down from -$260.2 million in the prior quarter.
- The five-year high for EBITDA was -$17.3 million in Q1 2022, with the low at -$323.8 million in Q2 2026.
- Average EBITDA over 5 years is -$91.1 million, with a median of -$49.9 million recorded in 2024.
- The sharpest annual moves came in 2024 and 2026: EBITDA declined 23.18% in 2024, then slumped 265.05% in 2026.
- Over 5 years, EBITDA stood at -$22.7 million in 2022, then slumped by 128.59% to -$51.9 million in 2023, then slumped by 41.69% to -$73.6 million in 2024, then slumped by 196.63% to -$218.3 million in 2025, then plunged by 48.33% to -$323.8 million in 2026.
- The last three EBITDA figures came in at -$323.8 million (Q2 2026), -$260.2 million (Q1 2026), and -$218.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn | -323.84 Mn |
| 2 | D-Wave Quantum | 6.07 Bn | 6.07 Bn | 1.70 Mn | -53.28 Mn |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn | -28.06 Mn |
| 4 | Quantum Computing | 1.75 Bn | 1.75 Bn | -1.17 Mn | -23.01 Mn |
| 5 | Infleqtion | 1.32 Bn | 839.31 Mn | 2.17 Mn | -29.86 Mn |
| 6 | BTQ Technologies | 359.38 Mn | 359.38 Mn | - | -13.19 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 | - | -7.18 Mn |
| 10 | Xanadu Quantum Technologies | 7.78 | -312.78 Mn | 1.38 Mn | -28.84 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -323.84 Mn |
| Mar 31, 2026 | -260.21 Mn |
| Dec 31, 2025 | -218.33 Mn |
| Sep 30, 2025 | -159.51 Mn |
| Jun 30, 2025 | -155.39 Mn |
| Mar 31, 2025 | -71.28 Mn |
| Dec 31, 2024 | -73.60 Mn |
| Sep 30, 2024 | -49.64 Mn |
| Jun 30, 2024 | -46.04 Mn |
| Mar 31, 2024 | -50.18 Mn |
| Dec 31, 2023 | -51.95 Mn |
| Sep 30, 2023 | -40.29 Mn |
| Jun 30, 2023 | -31.49 Mn |
| Mar 31, 2023 | -26.82 Mn |
| Dec 31, 2022 | -22.73 Mn |
| Sep 30, 2022 | -23.81 Mn |
| Jun 30, 2022 | -17.83 Mn |
| Mar 31, 2022 | -17.28 Mn |
| Dec 31, 2021 | -10.14 Mn |
| Sep 30, 2021 | -10.12 Mn |