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| 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 |