IonQ Inc (IONQ)

Name: IonQ Inc Financial Statements
Creator: Quarter Results

Technology | Computer Hardware

Latest reporting period: 2025-03-31

Latest Quarter

2025-03-31

Revenue

$7.6M

Net Income

-$32.3M

Operating Margin

-1,000.3%

Free Cash Flow

-$129M

Debt / Assets

24.5%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for IonQ Inc (IONQ).
Income Statement (Quarterly)	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Revenue	7,566,000	11,710,000	12,400,000	11,381,000
Cost of Revenue	4,315,000	740,000	6,515,000	9,928,000
Gross Profit	3,251,000	10,970,000	5,885,000	1,453,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	32,416,000	38,587,000	20,952,000	19,190,000
Operating Expenses	78,930,000	88,473,000	59,020,000	50,394,000
Operating Income	-75,679,000	-77,503,000	-53,135,000	-48,941,000
Interest Expense	0	0	0	0
Income Before Tax	-32,240,000	-201,978,000	-52,480,000	-37,546,000
Income Tax Expense	12,000	20,000	16,000	15,000
Net Income	-32,252,000	-201,998,000	-52,496,000	-37,561,000
Per Share
EPS	-0.14	-0.93	-0.24	-0.18
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for IonQ Inc (IONQ).
Income Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Revenue	43,073,000	22,042,000	11,131,000	2,099,000	0
Cost of Revenue	20,597,000	8,108,000	2,944,000	1,040,000	143,000
Gross Profit	22,476,000	13,934,000	8,187,000	1,059,000	-143,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	99,450,000	68,992,000	44,351,000	16,970,000	4,033,000
Operating Expenses	254,931,000	171,688,000	93,933,000	39,746,000	15,590,000
Operating Income	-232,455,000	-157,754,000	-85,746,000	-38,687,000	-15,733,000
Interest Expense	0	0	-37,235,000	-4,259,000	0
Income Before Tax	-331,588,000	-157,723,000	-48,511,000	-106,186,000	-15,424,000
Income Tax Expense	59,000	48,000	-37,235,000	0	0
Net Income	-331,647,000	-157,771,000	-48,511,000	-106,186,000	-15,424,000
Per Share
EPS	-1.56	-0.78	-0.25	-0.77	-0.08
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for IonQ Inc (IONQ).
Balance Sheet (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	54,393,000	35,665,000	44,367,000	399,025,000
Short Term Investments	285,896,000	319,776,000	311,430,000	123,443,000
Net Receivables	12,409,000	11,467,000	3,292,000	707,000
Inventory	18,658,000	12,476,000	1	0
Total Current Assets	378,802,000	389,989,000	371,628,000	529,617,000
Property Plant Equipment	62,231,000	42,128,000	29,767,000	22,902,000
Goodwill and Intangibles	39,373,000	15,819,000	9,686,000	5,841,000
Total Assets	508,388,000	555,427,000	597,992,000	642,028,000
Liabilities
Account Payables	5,230,000	5,599,000	3,055,000	1,882,000
Short Term Debt	3,366,000	710,000	591,000	568,000
Total Current Liabilities	36,085,000	37,164,000	20,160,000	9,691,000
Long Term Debt	14,359,000	7,395,000	3,459,000	3,643,000
Total Liabilities	124,526,000	70,433,000	29,781,000	50,798,000
Shareholders Equity
Retained Earnings	-683,720,000	-352,073,000	-194,302,000	-145,791,000
Total Shareholders Equity	383,862,000	484,994,000	568,211,000	591,230,000

Balance sheet annual history for IonQ Inc (IONQ).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets
Cash and Cash Equivalents	54,393,000	35,665,000	44,367,000	399,025,000	36,120,000
Short Term Investments	285,896,000	319,776,000	311,430,000	123,443,000	0
Net Receivables	12,409,000	11,467,000	3,292,000	707,000	390,000
Inventory	18,658,000	12,476,000	1	0	0
Total Current Assets	378,802,000	389,989,000	371,628,000	529,617,000	38,579,000
Property Plant Equipment	62,231,000	42,128,000	29,767,000	22,902,000	16,284,000
Goodwill and Intangibles	39,373,000	15,819,000	9,686,000	5,841,000	2,687,000
Total Assets	508,388,000	555,427,000	597,992,000	642,028,000	60,478,000
Liabilities
Account Payables	5,230,000	5,599,000	3,055,000	1,882,000	538,000
Short Term Debt	3,366,000	710,000	591,000	568,000	495,000
Total Current Liabilities	36,085,000	37,164,000	20,160,000	9,691,000	1,881,000
Long Term Debt	14,359,000	7,395,000	3,459,000	3,643,000	3,776,000
Total Liabilities	124,526,000	70,433,000	29,781,000	50,798,000	6,775,000
Shareholders Equity
Retained Earnings	-683,720,000	-352,073,000	-194,302,000	-145,791,000	-39,605,000
Total Shareholders Equity	383,862,000	484,994,000	568,211,000	591,230,000	53,703,000

Cash flow quarterly history for IonQ Inc (IONQ).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	-331,647,000	-157,771,000	-48,511,000	-106,186,000
Depreciation & Amortization	18,654,000	10,375,000	5,604,000	2,548,000
Stock Based Compensation	106,878,000	69,743,000	31,456,000	7,748,000
Change in Working Capital	-13,194,000	-12,612,000	-2,495,000	-202,000
Operating Cash Flow	-105,683,000	-78,811,000	-44,698,000	-26,537,000
Investing Activities
Capital Expenditure	-23,569,000	-19,549,000	-12,564,000	-10,024,000
Investments	-17,992,000	-19,549,000	-12,564,000	-7,783,000
Investing Cash Flow	82,730,000	68,766,000	-309,056,000	-213,785,000
Financing Activities
Debt Repayment	0	0	-1,981,000	0
Common Stock Issued/Repurchased	0	1,954,000	-905,000	0
Dividends Paid	0	0	-905,000	0
Financing Cash Flow	41,687,000	1,761,000	1,096,000	603,227,000
Summary
Free Cash Flow	-129,252,000	-98,360,000	-57,262,000	-36,561,000
Net Change in Cash	18,759,000	-8,702,000	-352,658,000	362,905,000

Cash flow annual history for IonQ Inc (IONQ).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	-331,647,000	-157,771,000	-48,511,000	-106,186,000	-15,424,000
Depreciation & Amortization	18,654,000	10,375,000	5,604,000	2,548,000	1,400,000
Stock Based Compensation	106,878,000	69,743,000	31,456,000	7,748,000	1,224,000
Change in Working Capital	-13,194,000	-12,612,000	-2,495,000	-202,000	678,000
Operating Cash Flow	-105,683,000	-78,811,000	-44,698,000	-26,537,000	-12,007,000
Investing Activities
Capital Expenditure	-23,569,000	-19,549,000	-12,564,000	-10,024,000	-11,676,000
Investments	-17,992,000	-19,549,000	-12,564,000	-7,783,000	-10,032,000
Investing Cash Flow	82,730,000	68,766,000	-309,056,000	-213,785,000	-11,676,000
Financing Activities
Debt Repayment	0	0	-1,981,000	0	0
Common Stock Issued/Repurchased	0	1,954,000	-905,000	0	0
Dividends Paid	0	0	-905,000	0	0
Financing Cash Flow	41,687,000	1,761,000	1,096,000	603,227,000	276,000
Summary
Free Cash Flow	-129,252,000	-98,360,000	-57,262,000	-36,561,000	-23,683,000
Net Change in Cash	18,759,000	-8,702,000	-352,658,000	362,905,000	-23,407,000