IonQ (IONQ-WT) Operating Expenses (2020 - 2026)
IonQ (IONQ-WT) posted Operating Expenses of $417.3 million for Q2 2026, up 24.13% on a QoQ basis from $336.2 million in Q1 2026, and up 130.18% year-over-year from $181.3 million in Q2 2025.
Analysis
IonQ (IONQ-WT) Operating Expenses (2020 - 2026) Analysis & Trends
IonQ has reported Operating Expenses for 7 years, with the latest figure at $417.3 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 130.18% year-over-year to $417.3 million in Q2 2026; TTM through Jun 2026 was $1.3 billion, a 198.77% increase from a year earlier, with the FY2025 full-year figure at $763.7 million, up 177.19% from the prior year.
- Operating Expenses was $417.3 million for Q2 2026 at IonQ, up from $336.2 million in the prior quarter.
- The five-year high for Operating Expenses was $417.3 million in Q2 2026, with the low at $20.2 million in Q1 2022.
- Average Operating Expenses over 5 years is $115.0 million, with a median of $60.5 million recorded in 2023.
- The sharpest annual moves came in 2024 and 2026: Operating Expenses surged 35.6% in 2024, then jumped 303.84% in 2026.
- Over 5 years, Operating Expenses stood at $27.4 million in 2022, then surged by 120.74% to $60.6 million in 2023, then jumped by 47.33% to $89.2 million in 2024, then jumped by 225.65% to $290.5 million in 2025, then jumped by 43.64% to $417.3 million in 2026.
- The last three Operating Expenses figures came in at $417.3 million (Q2 2026), $336.2 million (Q1 2026), and $290.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn | 417.29 Mn |
| 2 | D-Wave Quantum | 6.07 Bn | 6.07 Bn | 1.70 Mn | 54.98 Mn |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn | 30.25 Mn |
| 4 | Quantum Computing | 1.75 Bn | 1.75 Bn | -1.17 Mn | 21.85 Mn |
| 5 | Infleqtion | 1.32 Bn | 839.31 Mn | 2.17 Mn | 32.49 Mn |
| 6 | BTQ Technologies | 359.38 Mn | 359.38 Mn | - | 13.24 Mn |
| 7 | Quantum eMotion | 339.79 Mn | 339.79 Mn | - | 3.43 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 | 31.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 417.29 Mn |
| Mar 31, 2026 | 336.18 Mn |
| Dec 31, 2025 | 290.52 Mn |
| Sep 30, 2025 | 208.68 Mn |
| Jun 30, 2025 | 181.29 Mn |
| Mar 31, 2025 | 83.25 Mn |
| Dec 31, 2024 | 89.21 Mn |
| Sep 30, 2024 | 65.54 Mn |
| Jun 30, 2024 | 60.32 Mn |
| Mar 31, 2024 | 60.46 Mn |
| Dec 31, 2023 | 60.55 Mn |
| Sep 30, 2023 | 48.33 Mn |
| Jun 30, 2023 | 38.60 Mn |
| Mar 31, 2023 | 32.31 Mn |
| Dec 31, 2022 | 27.43 Mn |
| Sep 30, 2022 | 27.67 Mn |
| Jun 30, 2022 | 21.54 Mn |
| Mar 31, 2022 | 20.24 Mn |
| Dec 31, 2021 | 12.49 Mn |
| Sep 30, 2021 | 10.76 Mn |