IonQ (IONQ-WT) Operating Income (2020 - 2026)
IonQ (IONQ-WT) posted Operating Income of -$337.2 million for Q2 2026, down 24.21% on a QoQ basis from -$271.5 million in Q1 2026, and down 110.0% year-over-year from $3.4 billion in Q2 2025.
Analysis
IonQ (IONQ-WT) Operating Income (2020 - 2026) Analysis & Trends
IonQ has reported Operating Income for 7 years, with the latest figure at -$337.2 million in Q2 2026.
- On a quarterly basis, Operating Income fell 110.0% year-over-year to -$337.2 million in Q2 2026; TTM through Jun 2026 was -$1.0 billion, a 174.24% decrease from a year earlier, with the FY2025 full-year figure at -$633.7 million, down 172.62% from the prior year.
- Operating Income was -$337.2 million for Q2 2026 at IonQ, down from -$271.5 million in the prior quarter.
- The five-year high for Operating Income was -$18.3 million in Q1 2022, with the low at -$337.2 million in Q2 2026.
- Average Operating Income over 5 years is -$95.5 million, with a median of -$53.0 million recorded in 2024.
- The sharpest annual moves came in 2024 and 2026: Operating Income decreased 25.93% in 2024, then tumbled 258.76% in 2026.
- Over 5 years, Operating Income stood at -$23.6 million in 2022, then slumped by 130.47% to -$54.4 million in 2023, then plunged by 42.34% to -$77.5 million in 2024, then slumped by 195.0% to -$228.6 million in 2025, then sank by 47.51% to -$337.2 million in 2026.
- The last three Operating Income figures came in at -$337.2 million (Q2 2026), -$271.5 million (Q1 2026), and -$228.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn | -337.24 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 | - | -13.24 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 | -29.99 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -337.24 Mn |
| Mar 31, 2026 | -271.51 Mn |
| Dec 31, 2025 | -228.63 Mn |
| Sep 30, 2025 | -168.81 Mn |
| Jun 30, 2025 | -160.59 Mn |
| Mar 31, 2025 | -75.68 Mn |
| Dec 31, 2024 | -77.50 Mn |
| Sep 30, 2024 | -53.14 Mn |
| Jun 30, 2024 | -48.94 Mn |
| Mar 31, 2024 | -52.88 Mn |
| Dec 31, 2023 | -54.45 Mn |
| Sep 30, 2023 | -42.19 Mn |
| Jun 30, 2023 | -33.09 Mn |
| Mar 31, 2023 | -28.02 Mn |
| Dec 31, 2022 | -23.63 Mn |
| Sep 30, 2022 | -24.91 Mn |
| Jun 30, 2022 | -18.93 Mn |
| Mar 31, 2022 | -18.28 Mn |
| Dec 31, 2021 | -10.84 Mn |
| Sep 30, 2021 | -10.52 Mn |