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
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