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