IonQ (IONQ) FCF Margin (2021 - 2026)
IonQ (IONQ) reported FCF Margin of -142.37% for Q2 2026, up 117.44 percentage points from -259.82% a year earlier and up 104.10 percentage points from the prior quarter.
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Analysis
IonQ (IONQ) FCF Margin (2021 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, IonQ's FCF Margin came in at -196.32%, up 99.85 percentage points year-over-year; for FY2025, it came in at -230.44%, up 56.69 percentage points from FY2024.
- FCF Margin has increased for four consecutive years, with a four-year change of +1404.63 percentage points (FY2021 to FY2025).
- By year, FCF Margin came in at -287.13% in FY2024 (+132.59 pp), -419.72% in FY2023 (+65.72 pp), -485.44% in FY2022 (+1149.63 pp) and -1635.06% in FY2021.
- Five-year quarterly FCF Margin spans a low of -6150.64% in Q3 2021 and a high of -134.59% in Q4 2025.
- Year over year, FCF Margin has now increased in each of the last three quarters, with an average year-over-year change of +94.00 percentage points over the last eight quarters.
- The high point for year-over-year FCF Margin in five years was Q2 2022 (a gain of 7295.73 percentage points); the low point was Q1 2025 (a drop of 155.67 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -246.48% (Q1 2026), -134.59% (Q4 2025) and -319.08% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 36.77% |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 27.59% |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 47.15% |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 5.42% |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 27.28% |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | -0.11% |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 28.94% |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 47.16% |
| 10 | IonQ | 16.98 Bn | 9.36 Bn | 19.94 Mn | -142.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -142.37% |
| Mar 31, 2026 | -246.48% |
| Dec 31, 2025 | -134.59% |
| Sep 30, 2025 | -319.08% |
| Jun 30, 2025 | -259.82% |
| Mar 31, 2025 | -467.00% |
| Dec 31, 2024 | -367.39% |
| Sep 30, 2024 | -185.33% |
| Jun 30, 2024 | -299.34% |
| Mar 31, 2024 | -311.33% |
| Dec 31, 2023 | -553.37% |
| Sep 30, 2023 | -430.46% |
| Jun 30, 2023 | -313.91% |
| Mar 31, 2023 | -350.06% |
| Dec 31, 2022 | -416.81% |
| Sep 30, 2022 | -514.48% |
| Jun 30, 2022 | -496.74% |
| Mar 31, 2022 | -563.03% |
| Dec 31, 2021 | -435.32% |
| Sep 30, 2021 | -6,150.64% |
API Access
IonQ FCF 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=fcf-margin&ticker=IONQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=IONQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();