IonQ (IONQ) Research & Development (2020 - 2026)
IonQ (IONQ) recorded quarterly Research & Development of $125.7 million in Q1 2026, up 30.85% quarter-over-quarter from $96.1 million in Q4 2025, and up 214.72% on a YoY basis from $40.0 million in Q1 2025.
IonQ (IONQ) Research & Development (2020 - 2026) Analysis & Trends
IonQ's Research & Development history runs 7 years deep, the most recent figure standing at $125.7 million for Q1 2026.
- In Q1 2026, Research & Development rose 214.72% year-over-year to $125.7 million; the TTM figure through Mar 2026 stood at $391.5 million (up 171.09% YoY), while the FY2025 annual figure was $305.7 million, up 123.42% from the prior year.
- Research & Development was $125.7 million for Q1 2026 at IonQ, up from $96.1 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $125.7 million in Q1 2026 to a low of $7.3 million in Q1 2022.
- Historically, Research & Development has averaged $41.4 million across 5 years, with a median of $31.6 million in 2023.
- Biggest YoY gain for Research & Development was 231.24% in 2025; the steepest drop was 23.43% in 2025.
- A 5-year view of Research & Development shows it stood at $13.7 million in 2022, then surged by 130.87% to $31.6 million in 2023, then grew by 26.75% to $40.1 million in 2024, then soared by 139.78% to $96.1 million in 2025, then jumped by 30.85% to $125.7 million in 2026.
- The last three Research & Development figures came in at $125.7 million (Q1 2026), $96.1 million (Q4 2025), and $66.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 266.21 Bn | 254.69 Bn | 6.73 Bn | 797.00 Mn |
| 2 | Sandisk | 230.78 Bn | 227.04 Bn | 4.66 Bn | 337.00 Mn |
| 3 | Arista Networks | 194.03 Bn | 181.67 Bn | 1.68 Bn | 343.70 Mn |
| 4 | Seagate Technology Holdings | 183.90 Bn | 182.75 Bn | 1.45 Bn | 194.00 Mn |
| 5 | Western Digital | 175.01 Bn | 171.77 Bn | 1.68 Bn | 294.00 Mn |
| 6 | Super Micro Computer | 24.90 Bn | 23.61 Bn | 1.02 Bn | 215.66 Mn |
| 7 | Everpure | 23.71 Bn | 22.70 Bn | 740.09 Mn | 243.16 Mn |
| 8 | Hp | 23.64 Bn | 19.93 Bn | 3.02 Bn | 432.00 Mn |
| 9 | IonQ | 20.37 Bn | 18.35 Bn | 15.41 Mn | 125.74 Mn |
| 10 | Logitech International | 16.58 Bn | 14.83 Bn | 483.28 Mn | 87.07 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 125.74 Mn |
| Dec 31, 2025 | 96.10 Mn |
| Sep 30, 2025 | 66.30 Mn |
| Jun 30, 2025 | 103.36 Mn |
| Mar 31, 2025 | 39.95 Mn |
| Dec 31, 2024 | 40.08 Mn |
| Sep 30, 2024 | 33.18 Mn |
| Jun 30, 2024 | 31.20 Mn |
| Mar 31, 2024 | 32.37 Mn |
| Dec 31, 2023 | 31.62 Mn |
| Sep 30, 2023 | 24.60 Mn |
| Jun 30, 2023 | 19.87 Mn |
| Mar 31, 2023 | 16.23 Mn |
| Dec 31, 2022 | 13.70 Mn |
| Sep 30, 2022 | 13.29 Mn |
| Jun 30, 2022 | 9.65 Mn |
| Mar 31, 2022 | 7.34 Mn |
| Dec 31, 2021 | 4.92 Mn |
| Sep 30, 2021 | 6.18 Mn |
| Jun 30, 2021 | 5.48 Mn |