IonQ (IONQ) Research & Development (2020 - 2026)
IonQ (IONQ) reported Research & Development of $160.63 million for Q2 2026, up 55.4% from $103.36 million a year earlier and up 27.7% from the prior quarter.
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Analysis
IonQ (IONQ) Research & Development (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, IonQ's Research & Development came in at $448.76 million, up 107.2% year-over-year; for FY2025, it was $305.71 million, up 123.4% from FY2024.
- Research & Development has increased for five consecutive years, with a five-year compound annual growth rate of 97.6% (FY2020 to FY2025).
- By year, Research & Development came in at $136.83 million in FY2024 (+48.2%), $92.32 million in FY2023 (+109.9%), $43.98 million in FY2022 (+117.4%) and $20.23 million in FY2021 (+99.2%).
- The Q2 2026 figure ranks as the highest quarterly Research & Development in data going back to Q3 2020.
- Year over year, Research & Development has now increased in each of the last 20 quarters, with growth averaging 103.3% over the last eight quarters.
- The year-over-year growth in Research & Development has ranged between 23.4% (Q1 2025) and 231.2% (Q2 2025) over the last five years.
- Per Business Quant data, the three quarters before Q2 2026 came in at $125.74 million (Q1 2026), $96.1 million (Q4 2025) and $66.3 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 779.00 Mn |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 444.20 Mn |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 225.00 Mn |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 567.48 Mn |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 477.97 Mn |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 208.69 Mn |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 163.00 Mn |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 679.00 Mn |
| 10 | IonQ | 16.98 Bn | 9.36 Bn | 19.94 Mn | 160.63 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 160.63 Mn |
| 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 |
API Access
IonQ Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=IONQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "IONQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=IONQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();