IonQ (IONQ) Cost of Revenue (2020 - 2026)

IonQ (IONQ) posted quarterly Cost of Revenue of $49.3 million for Q1 2026, up 1041.46% year-over-year from $4.3 million in Q1 2025, and up 12.99% quarter-over-quarter from $43.6 million in Q4 2025.

IonQ (IONQ) Cost of Revenue (2020 - 2026) Analysis & Trends

IonQ's Cost of Revenue history runs 7 years deep, the most recent figure standing at $49.3 million for Q1 2026.

  • In Q1 2026, Cost of Revenue rose 1041.46% year-over-year to $49.3 million; the TTM figure through Mar 2026 stood at $122.4 million (up 469.48% YoY), while the FY2025 annual figure was $77.5 million, up 276.21% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $49.3 million, up from $43.6 million in the prior quarter.
  • The five-year high for Cost of Revenue was $49.3 million in Q1 2026, with the low at $568000.0 in Q1 2022.
  • The 5-year median for Cost of Revenue is $3.4 million (2024), against an average of $9.3 million.
  • The sharpest annual moves came in 2025 and 2026: Cost of Revenue grew 26.39% in 2025, then jumped 1041.46% in 2026.
  • IonQ's Cost of Revenue stood at $901000.0 in 2022, then surged by 251.05% to $3.2 million in 2023, then soared by 59.5% to $5.0 million in 2024, then surged by 764.08% to $43.6 million in 2025, then advanced by 12.99% to $49.3 million in 2026.
  • Business Quant data shows IONQ's Cost of Revenue at $49.3 million in Q1 2026, $43.6 million in Q4 2025, and $21.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Dell Technologies 279.74 Bn 268.16 Bn 7.78 Bn 36.06 Bn
2 Arista Networks 233.03 Bn 220.67 Bn 1.68 Bn 1.03 Bn
3 Sandisk 191.00 Bn 187.26 Bn 4.66 Bn 1.29 Bn
4 Seagate Technology Holdings 182.93 Bn 181.79 Bn 1.45 Bn 1.67 Bn
5 Western Digital 180.27 Bn 177.03 Bn 1.68 Bn 1.66 Bn
6 Everpure 26.48 Bn 24.98 Bn 723.33 Mn 329.56 Mn
7 Hp 25.04 Bn 21.33 Bn 3.02 Bn 11.39 Bn
8 Super Micro Computer 17.15 Bn 15.86 Bn 1.02 Bn 9.22 Bn
9 Logitech International 15.08 Bn 13.33 Bn 607.94 Mn 619.29 Mn
10 IonQ 13.97 Bn 11.94 Bn 15.41 Mn 49.25 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 49.25 Mn
Mar 31, 2026 49.25 Mn
Dec 31, 2025 43.59 Mn
Dec 31, 2025 43.59 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 5.05 Mn
Dec 31, 2024 5.05 Mn
Sep 30, 2024 6.52 Mn
Sep 30, 2024 6.52 Mn
Jun 30, 2024 5.62 Mn
Jun 30, 2024 5.62 Mn
Mar 31, 2024 3.41 Mn
Mar 31, 2024 3.41 Mn
Dec 31, 2023 3.16 Mn
Dec 31, 2023 3.16 Mn