IonQ (IONQ) Free Cash Flow (2020 - 2026)
IonQ (IONQ) posted quarterly Free Cash Flow of -$159.4 million for Q1 2026, down 380.43% year-over-year from $56.8 million in Q1 2025, and down 133.85% on a QoQ basis from -$68.2 million in Q4 2025.
IonQ (IONQ) Free Cash Flow (2020 - 2026) Analysis & Trends
IonQ (IONQ) has reported Free Cash Flow for 7 consecutive years, with -$159.4 million the latest figure, recorded in 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 came in at -$159.4 million for Q1 2026 at IonQ, down from -$68.2 million in the prior quarter.
- The five-year high for Free Cash Flow was -$8.6 million in Q2 2022, with the low at -$159.4 million in Q1 2026.
- Average Free Cash Flow over 5 years is -$39.8 million, with a median of -$23.5 million recorded in 2023.
- Across the five-year window, Free Cash Flow jumped 50.37% in 2024 and slumped 1006.13% in 2025, its largest moves.
- Year by year, Free Cash Flow stood at -$8.7 million in 2022, then plunged by 178.6% to -$24.3 million in 2023, then tumbled by 54.2% to -$37.4 million in 2024, then slumped by 82.13% to -$68.2 million in 2025, then tumbled by 133.85% to -$159.4 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered -$159.4 million, -$68.2 million, and -$128.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Sandisk | 300.77 Bn | 297.03 Bn | 4.66 Bn | 2.99 Bn |
| 2 | Dell Technologies | 276.28 Bn | 264.70 Bn | 7.78 Bn | 3.12 Bn |
| 3 | Arista Networks | 209.63 Bn | 197.28 Bn | 1.68 Bn | 1.64 Bn |
| 4 | Western Digital | 204.64 Bn | 201.41 Bn | 1.68 Bn | 978.00 Mn |
| 5 | Seagate Technology Holdings | 202.26 Bn | 201.11 Bn | 1.45 Bn | 1.33 Bn |
| 6 | Everpure | 25.55 Bn | 24.23 Bn | 723.33 Mn | 157.09 Mn |
| 7 | Hp | 20.30 Bn | 16.60 Bn | 3.02 Bn | 756.00 Mn |
| 8 | Super Micro Computer | 16.60 Bn | 15.31 Bn | 1.02 Bn | -6.62 Bn |
| 9 | Logitech International | 13.89 Bn | 12.15 Bn | 483.28 Mn | 198.56 Mn |
| 10 | IonQ | - | - | 15.41 Mn | -159.39 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |