IonQ, Inc. (IONQ) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	246.5M	130.0M	43.1M	22.0M	11.1M
Cost of Revenue	157.0M	77.5M	20.6M	8.1M	8.5M
Gross Profit	89.4M	52.5M	22.5M	13.9M	2.6M
Operating Expenses
R&D Expense	450.5M	305.7M	136.8M	92.3M	44.0M
SG&A Expense	475.7M	298.5M	99.5M	69.0M	44.4M
General & Admin Expense	379.4M	245.1M	71.1M	50.7M	36.0M
Selling & Marketing Expense	96.3M	53.4M	28.4M	18.3M	8.4M
Other Expenses	183.6M	82.0M	18.7M	10.4M	—
Total Operating Expenses	1.1B	686.2M	254.9M	171.7M	88.3M
Cost and Expenses	1.3B	763.7M	275.5M	179.8M	96.9M
Operating Income (EBIT)	(1.0B)	(633.7M)	(232.5M)	(157.8M)	(85.7M)
Non-Operating
Interest Income	42.7M	56.0M	18.2M	19.3M	7.1M
Interest Expense	—	—	—	—	—
Net Interest Income	42.7M	56.0M	18.2M	19.3M	7.1M
Other Non-Op Income/Expense	(387.8M)	77.0M	(99.1M)	31.0K	37.2M
Non-Operating Income (excl Interest)	(2.7B)	(77.0M)	99.1M	(31.0K)	(37.2M)
EBT (Pre-Tax Income)	(1.4B)	(556.7M)	(331.6M)	(157.7M)	(48.5M)
Income Tax Expense	8.0M	(44.6M)	59.0K	48.0K	—
Bottom Line
Net Income	(1.4B)	(510.4M)	(331.6M)	(157.8M)	(48.5M)
Earnings from Cont. Ops	(1.4B)	(512.1M)	(331.6M)	(157.8M)	(48.5M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(1.4B)	(510.4M)	(331.6M)	(157.8M)	(48.5M)
Per Share
Basic EPS	($4.29)	($1.82)	($1.56)	($0.78)	($0.25)
Diluted EPS	($4.66)	($1.82)	($1.56)	($0.78)	($0.25)
Revenue Per Share	$0.67	$0.46	$0.20	$0.11	$0.06
Shares
Basic Shares Outstanding	367.7M	280.3M	213.0M	202.6M	197.7M
Diluted Shares Outstanding	367.7M	280.3M	213.0M	202.6M	197.7M
Profitability Metrics
EBITDA	1.8B	(474.7M)	(312.9M)	(147.3M)	(42.9M)
D&A	154.0M	82.0M	18.7M	10.4M	5.6M
EBIT	1.7B	(556.7M)	(331.6M)	(157.7M)	(48.5M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026