IonQ (IONQ) EBITDA Margin (2021 - 2026)
IonQ's EBITDA Margin came in at -363.72% for Q2 2026, up 361.01 percentage points from -724.73% a year earlier but down 10.56 percentage points from the prior quarter.
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Analysis
IonQ (IONQ) EBITDA Margin (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, IonQ reported EBITDA Margin of -345.74%, up 302.23 percentage points year-over-year; for FY2025, it was -424.34%, up 72.03 percentage points from FY2024.
- EBITDA Margin has increased in each of the last four years, with a four-year change of +1297.38 percentage points (FY2021 to FY2025).
- Going back by year, EBITDA Margin was -496.37% in FY2024 (+172.26 pp), -668.63% in FY2023 (+51.36 pp), -719.99% in FY2022 (+1001.74 pp) and -1721.72% in FY2021.
- The five-year range for quarterly EBITDA Margin is -4260.94% (Q3 2021) to -303.74% (Q4 2025).
- Year-over-year, EBITDA Margin has increased for four consecutive quarters, with an average year-over-year change of +141.39 percentage points over the last eight quarters.
- The fastest year-over-year change in EBITDA Margin over five years came in Q2 2022 (a gain of 9529.87 percentage points), and the weakest in Q2 2025 (a drop of 332.53 percentage points).
- Business Quant data shows IONQ's EBITDA Margin at -353.15% (Q1 2026), -303.74% (Q4 2025) and -362.79% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 316.55 Bn | 301.63 Bn | 2.30 Bn | 20.32% |
| 2 | CrowdStrike Holdings | 269.03 Bn | 249.47 Bn | 1.10 Bn | 11.58% |
| 3 | Fortinet | 129.08 Bn | 115.01 Bn | 1.64 Bn | 40.40% |
| 4 | Snowflake | 116.42 Bn | 103.73 Bn | 1.04 Bn | -8.70% |
| 5 | Datadog | 96.40 Bn | 78.04 Bn | 881.34 Mn | 4.19% |
| 6 | Okta | 34.24 Bn | 24.34 Bn | 641.00 Mn | 20.62% |
| 7 | Axon Enterprise | 34.08 Bn | 28.61 Bn | 546.45 Mn | 8.76% |
| 8 | Zscaler | 32.34 Bn | 18.46 Bn | - | - |
| 9 | Baidu | 29.50 Bn | -44.13 Bn | 1.47 Mn | - |
| 10 | IonQ | 16.73 Bn | 9.11 Bn | 19.94 Mn | -363.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -363.72% |
| Mar 31, 2026 | -353.15% |
| Dec 31, 2025 | -303.74% |
| Sep 30, 2025 | -362.79% |
| Jun 30, 2025 | -724.73% |
| Mar 31, 2025 | -913.53% |
| Dec 31, 2024 | -614.85% |
| Sep 30, 2024 | -389.07% |
| Jun 30, 2024 | -392.20% |
| Mar 31, 2024 | -645.23% |
| Dec 31, 2023 | -834.29% |
| Sep 30, 2023 | -642.85% |
| Jun 30, 2023 | -557.75% |
| Mar 31, 2023 | -612.18% |
| Dec 31, 2022 | -584.95% |
| Sep 30, 2022 | -846.18% |
| Jun 30, 2022 | -670.13% |
| Mar 31, 2022 | -871.38% |
| Dec 31, 2021 | -596.60% |
| Sep 30, 2021 | -4,260.94% |
API Access
IonQ EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=IONQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "IONQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=IONQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();