IonQ (IONQ) Free Cash Flow (2020 - 2026)

IonQ (IONQ) recorded quarterly Free Cash Flow of -$159.4 million in Q1 2026, down 133.85% quarter-over-quarter from -$68.2 million in Q4 2025, and down 380.43% on a YoY basis from $56.8 million in Q1 2025.

IonQ (IONQ) Free Cash Flow (2020 - 2026) Analysis & Trends

IonQ's Free Cash Flow history runs 7 years deep, the most recent figure standing at -$159.4 million for Q1 2026.

  • In Q1 2026, Free Cash Flow fell 380.43% year-over-year to -$159.4 million; the TTM figure through Mar 2026 stood at -$410.7 million (down 247.87% YoY), while the FY2025 annual figure was -$284.5 million, down 166.5% from the prior year.
  • Free Cash Flow was -$159.4 million for Q1 2026 at IonQ, down from -$68.2 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of -$8.6 million in Q2 2022 to a low of -$159.4 million in Q1 2026.
  • Historically, Free Cash Flow has averaged -$39.8 million across 5 years, with a median of -$23.5 million in 2023.
  • The sharpest annual moves came in 2024 and 2025: Free Cash Flow jumped 50.37% in 2024, then sank 1006.13% in 2025.
  • A 5-year view of Free Cash Flow shows it stood at -$8.7 million in 2022, then tumbled by 178.6% to -$24.3 million in 2023, then slumped by 54.2% to -$37.4 million in 2024, then sank by 82.13% to -$68.2 million in 2025, then slumped by 133.85% to -$159.4 million in 2026.
  • The last three Free Cash Flow figures came in at -$159.4 million (Q1 2026), -$68.2 million (Q4 2025), and -$128.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Dell Technologies 266.21 Bn 254.69 Bn 6.73 Bn 3.95 Bn
2 Sandisk 230.78 Bn 227.04 Bn 4.66 Bn 2.99 Bn
3 Arista Networks 194.03 Bn 181.67 Bn 1.68 Bn 1.64 Bn
4 Seagate Technology Holdings 183.90 Bn 182.75 Bn 1.45 Bn 1.33 Bn
5 Western Digital 175.01 Bn 171.77 Bn 1.68 Bn 978.00 Mn
6 Super Micro Computer 24.90 Bn 23.61 Bn 1.02 Bn -6.62 Bn
7 Everpure 23.71 Bn 22.70 Bn 740.09 Mn 268.36 Mn
8 Hp 23.64 Bn 19.93 Bn 3.02 Bn 756.00 Mn
9 IonQ 20.37 Bn 18.35 Bn 15.41 Mn -159.39 Mn
10 Logitech International 16.58 Bn 14.83 Bn 483.28 Mn 198.56 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -159.39 Mn
Mar 31, 2026 -159.39 Mn
Dec 31, 2025 -68.16 Mn
Dec 31, 2025 -68.16 Mn
Sep 30, 2025 -128.82 Mn
Sep 30, 2025 -128.82 Mn
Jun 30, 2025 -54.31 Mn
Jun 30, 2025 -54.31 Mn
Mar 31, 2025 -33.18 Mn
Mar 31, 2025 -33.18 Mn
Dec 31, 2024 -37.42 Mn
Dec 31, 2024 -37.42 Mn
Sep 30, 2024 -11.65 Mn
Sep 30, 2024 -11.65 Mn
Jun 30, 2024 -35.81 Mn
Jun 30, 2024 -35.81 Mn
Mar 31, 2024 -21.87 Mn
Mar 31, 2024 -21.87 Mn
Dec 31, 2023 -24.27 Mn
Dec 31, 2023 -24.27 Mn