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| Date | Value |
|---|---|
| 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 |