IonQ (IONQ) EBITDA (2020 - 2026)

IonQ (IONQ) recorded quarterly EBITDA of -$260.2 million in Q1 2026, down 19.18% quarter-over-quarter from -$218.3 million in Q4 2025, and down 265.05% on a YoY basis from $157.6 million in Q1 2025.

IonQ (IONQ) EBITDA (2020 - 2026) Analysis & Trends

IonQ's EBITDA history runs 7 years deep, the most recent figure standing at -$260.2 million for Q1 2026.

  • In Q1 2026, EBITDA fell 265.05% year-over-year to -$260.2 million; the TTM figure through Mar 2026 stood at -$793.4 million (down 229.83% YoY), while the FY2025 annual figure was -$604.5 million, down 175.46% from the prior year.
  • EBITDA was -$260.2 million for Q1 2026 at IonQ, down from -$218.3 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of -$17.3 million in Q1 2022 to a low of -$260.2 million in Q1 2026.
  • Historically, EBITDA has averaged -$77.4 million across 5 years, with a median of -$49.6 million in 2024.
  • The sharpest annual moves came in 2024 and 2026: EBITDA dropped 23.18% in 2024, then tumbled 265.05% in 2026.
  • A 5-year view of EBITDA shows it stood at -$22.7 million in 2022, then tumbled by 128.59% to -$51.9 million in 2023, then tumbled by 41.69% to -$73.6 million in 2024, then tumbled by 196.63% to -$218.3 million in 2025, then dropped by 19.18% to -$260.2 million in 2026.
  • The last three EBITDA figures came in at -$260.2 million (Q1 2026), -$218.3 million (Q4 2025), and -$159.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Dell Technologies 266.21 Bn 254.69 Bn 6.73 Bn 3.09 Bn
2 Sandisk 230.78 Bn 227.04 Bn 4.66 Bn 4.11 Bn
3 Arista Networks 194.03 Bn 181.67 Bn 1.68 Bn 1.16 Bn
4 Seagate Technology Holdings 183.90 Bn 182.75 Bn 1.45 Bn 998.00 Mn
5 Western Digital 175.01 Bn 171.77 Bn 1.68 Bn 1.19 Bn
6 Super Micro Computer 24.90 Bn 23.61 Bn 1.02 Bn 625.87 Mn
7 Everpure 23.71 Bn 22.70 Bn 740.09 Mn 87.20 Mn
8 Hp 23.64 Bn 19.93 Bn 3.02 Bn 612.00 Mn
9 IonQ 20.37 Bn 18.35 Bn 15.41 Mn -260.21 Mn
10 Logitech International 16.58 Bn 14.83 Bn 483.28 Mn 135.80 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -260.21 Mn
Dec 31, 2025 -218.33 Mn
Sep 30, 2025 -159.51 Mn
Jun 30, 2025 -155.39 Mn
Mar 31, 2025 -71.28 Mn
Dec 31, 2024 -73.60 Mn
Sep 30, 2024 -49.64 Mn
Jun 30, 2024 -46.04 Mn
Mar 31, 2024 -50.18 Mn
Dec 31, 2023 -51.95 Mn
Sep 30, 2023 -40.29 Mn
Jun 30, 2023 -31.49 Mn
Mar 31, 2023 -26.82 Mn
Dec 31, 2022 -22.73 Mn
Sep 30, 2022 -23.81 Mn
Jun 30, 2022 -17.83 Mn
Mar 31, 2022 -17.28 Mn
Dec 31, 2021 -10.14 Mn
Sep 30, 2021 -10.12 Mn
Jun 30, 2021 -9.69 Mn