IonQ, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $130.0M | $43.1M | $22.0M | $1.2B | $2.1M |
| Research and development | $305.7M | $136.8M | $92.3M | $44.0M | $20.2M |
| Operating income | -$633.7M | -$232.5M | -$157.8M | -$85.7M | -$38.7M |
| Pretax income | -$556.7M | -$331.6M | -$157.7M | -$48.5M | -$106.2M |
| Income tax expense | -$44.6M | $59,000 | $48,000 | $0 | $0 |
| Net income | -$510.4M | -$331.6M | -$157.8M | -$48.5M | -$106.2M |
| Balance Sheet | |||||
| Cash and equivalents | $1.0B | $54.4M | $35.7M | $44.4M | $399.0M |
| Current assets | $2.6B | $378.8M | $390.0M | $371.6M | $529.6M |
| Total assets | $6.6B | $508.4M | $553.6M | $598.0M | $642.0M |
| Current liabilities | $166.8M | $36.1M | $37.2M | $20.2M | $9.7M |
| Total liabilities | $2.8B | $124.5M | $68.6M | $29.8M | $50.8M |
| Stockholders' equity | $3.8B | $383.9M | $485.0M | $568.2M | $591.2M |
| Cash Flow Statement | |||||
| Cash from operations | -$283.2M | -$105.7M | -$78.8M | -$44.7M | -$26.5M |
| Depreciation and amortization | $29.2M | $13.0M | $7.2M | $4.0M | $1.7M |
| Stock-based compensation | $312.0M | $106.9M | $69.7M | $31.5M | $7.7M |
| Capital expenditure | $16.4M | $18.0M | $13.7M | $9.3M | $7.8M |
| Free cash flow | -$299.6M | -$123.7M | -$92.5M | -$54.0M | -$34.3M |
| Share repurchases | — | — | — | — | $1.0M |
| Impairments | $0 | $0 | $0 | $0 | — |
Shares outstanding 373.3M · Free float 81.8%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.