IonQ (IONQ) Operating Expenses (2020 - 2025)

IonQ has reported Operating Expenses for 6 years, with the latest figure at $763.7 million in FY2025.

• For the quarter ending Q1 2026, Operating Expenses rose 303.84% year-over-year to $336.2 million; the trailing twelve-month figure through Mar 2026 stood at $1.0 billion (up 240.8% YoY), and the FY2025 full-year result was $763.7 million, up 177.19% from the prior year.
• Operating Expenses for FY2025 stood at $763.7 million, up from $275.5 million in the prior year.
• The five-year high for Operating Expenses was $763.7 million in FY2025, with the low at $40.8 million in FY2021.
• Average Operating Expenses over 5 years is $271.3 million, with a median of $179.8 million recorded in 2023.
• Year-over-year, Operating Expenses surged 53.24% in 2024 and surged 177.19% in 2025.
• Tracing IONQ's Operating Expenses over 5 years: stood at $40.8 million in 2021, then jumped by 137.53% to $96.9 million in 2022, then soared by 85.59% to $179.8 million in 2023, then surged by 53.24% to $275.5 million in 2024, then surged by 177.19% to $763.7 million in 2025.
• The last three Operating Expenses figures came in at $763.7 million (FY2025), $275.5 million (FY2024), and $179.8 million (FY2023), per Business Quant data.

Peer Comparison