IonQ (IONQ-WT) Free Cash Flow (2020 - 2026)
IonQ (IONQ-WT) posted Free Cash Flow of -$114.0 million for Q2 2026, up 28.5% on a QoQ basis from -$159.4 million in Q1 2026, and down 111.97% year-over-year from $952.0 million in Q2 2025.
Analysis
IonQ (IONQ-WT) Free Cash Flow (2020 - 2026) Analysis & Trends
IonQ has reported Free Cash Flow for 7 years, with the latest figure at -$114.0 million in Q2 2026.
- On a quarterly basis, Free Cash Flow fell 111.97% year-over-year to -$114.0 million in Q2 2026; TTM through Jun 2026 was -$483.9 million, a 211.97% decrease from a year earlier, with the FY2025 full-year figure at -$299.6 million, down 142.25% from the prior year.
- Free Cash Flow was -$114.0 million for Q2 2026 at IonQ, up from -$159.4 million in the prior quarter.
- The five-year high for Free Cash Flow was -$11.0 million in Q1 2022, with the low at -$159.4 million in Q1 2026.
- Average Free Cash Flow over 5 years is -$46.8 million, with a median of -$30.1 million recorded in 2023.
- The sharpest annual moves came in 2024 and 2025: Free Cash Flow climbed 12.99% in 2024, then sank 453.52% in 2025.
- Over 5 years, Free Cash Flow stood at -$15.9 million in 2022, then slumped by 112.94% to -$33.8 million in 2023, then dropped by 27.32% to -$43.0 million in 2024, then slumped by 93.62% to -$83.3 million in 2025, then tumbled by 36.82% to -$114.0 million in 2026.
- The last three Free Cash Flow figures came in at -$114.0 million (Q2 2026), -$159.4 million (Q1 2026), and -$83.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn | -113.97 Mn |
| 2 | D-Wave Quantum | 6.07 Bn | 6.07 Bn | 1.70 Mn | -30.77 Mn |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn | -27.77 Mn |
| 4 | Quantum Computing | 1.75 Bn | 1.75 Bn | -1.17 Mn | -16.54 Mn |
| 5 | Infleqtion | 1.32 Bn | 839.31 Mn | 2.17 Mn | 13.19 Mn |
| 6 | BTQ Technologies | 359.38 Mn | 359.38 Mn | - | -4.25 Mn |
| 7 | Quantum eMotion | 339.79 Mn | 339.79 Mn | - | 17,555.52 |
| 8 | Arqit Quantum | 251.50 Mn | 251.50 Mn | - | - |
| 9 | Horizon Quantum Holdings | 13.39 | -113.25 Mn | - | -10.69 Mn |
| 10 | Xanadu Quantum Technologies | 7.78 | -312.78 Mn | 1.38 Mn | -23.15 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -113.97 Mn |
| Mar 31, 2026 | -159.39 Mn |
| Dec 31, 2025 | -83.30 Mn |
| Sep 30, 2025 | -127.21 Mn |
| Jun 30, 2025 | -53.77 Mn |
| Mar 31, 2025 | -35.33 Mn |
| Dec 31, 2024 | -43.02 Mn |
| Sep 30, 2024 | -22.98 Mn |
| Jun 30, 2024 | -34.07 Mn |
| Mar 31, 2024 | -23.61 Mn |
| Dec 31, 2023 | -33.79 Mn |
| Sep 30, 2023 | -26.41 Mn |
| Jun 30, 2023 | -17.31 Mn |
| Mar 31, 2023 | -15.00 Mn |
| Dec 31, 2022 | -15.87 Mn |
| Sep 30, 2022 | -14.22 Mn |
| Jun 30, 2022 | -12.96 Mn |
| Mar 31, 2022 | -11.00 Mn |
| Dec 31, 2021 | -7.17 Mn |
| Sep 30, 2021 | -14.33 Mn |