Financial Statements — IONQ
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 1.24 | 0.49 | 0.35 | 0.14 | 0.16 | 0.03 | 0.04 | 0.06 | 0.04 | 0.01 | 0.05 | 0.06 | 0.04 | 0.09 | 0.59 | -- | -- |
| Short-term Investments | 0.88 | 1.54 | 0.74 | 0.41 | 0.43 | 0.34 | 0.33 | 0.32 | 0.35 | 0.36 | 0.34 | 0.35 | 0.38 | 0.33 | -- | -- | -- |
| Accounts Receivable | 0.11 | 0.10 | 0.04 | 0.02 | 0.01 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- |
| Inventory | 0.02 | 0.02 | 0.01 | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 2.41 | 2.30 | 1.22 | 0.63 | 0.64 | 0.40 | 0.40 | 0.41 | 0.40 | 0.39 | 0.40 | 0.42 | 0.43 | 0.42 | 0.60 | 0.00 | 0.00 |
| Property, Plant & Equipment | 0.14 | 0.13 | 0.12 | 0.06 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | -- | -- |
| Goodwill | 2.19 | 2.13 | 1.87 | 0.37 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 0.78 | 0.78 | 0.66 | 0.14 | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | -- | -- |
| Total Non-current Assets* | 4.37 | 4.39 | 3.10 | 0.72 | 0.21 | 0.10 | 0.11 | 0.13 | 0.16 | 0.19 | 0.19 | 0.19 | 0.19 | 0.21 | 0.03 | 0.30 | 0.30 |
| Total Assets | 6.78 | 6.69 | 4.32 | 1.35 | 0.85 | 0.50 | 0.52 | 0.54 | 0.57 | 0.58 | 0.59 | 0.61 | 0.62 | 0.63 | 0.63 | 0.30 | 0.30 |
| Accounts Payable | 0.04 | 0.04 | 0.02 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Liabilities | 0.23 | 0.16 | 0.14 | 0.08 | 0.05 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 |
| Total Non-current Liabilities* | 3.21 | 1.54 | 1.89 | 0.09 | 0.04 | 0.03 | 0.02 | 0.03 | 0.04 | 0.03 | 0.01 | 0.01 | 0.01 | 0.03 | 0.06 | 0.05 | 0.04 |
| Total Liabilities | 3.44 | 1.70 | 2.03 | 0.17 | 0.09 | 0.06 | 0.05 | 0.06 | 0.07 | 0.05 | 0.04 | 0.03 | 0.02 | 0.04 | 0.07 | 0.06 | 0.05 |
| Retained Earnings | (2.26) | (0.39) | (1.95) | (0.89) | (0.72) | (0.48) | (0.43) | (0.39) | (0.31) | (0.27) | (0.22) | (0.18) | (0.15) | (0.15) | (0.07) | (0.03) | (0.02) |
| Total Stockholder Equity | 3.33 | 4.98 | 2.27 | 1.16 | 0.77 | 0.44 | 0.46 | 0.48 | 0.50 | 0.52 | 0.55 | 0.58 | 0.59 | 0.59 | 0.56 | 0.01 | 0.01 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 0.08 | 0.06 | 0.06 | 0.04 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Research & Development | 0.16 | 0.13 | 0.10 | 0.07 | 0.10 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 |
| Selling, General & Admin | 0.12 | 0.09 | 0.09 | 0.08 | 0.05 | 0.02 | 0.03 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| Operating Income | (0.34) | (0.27) | (0.23) | (0.17) | (0.16) | (0.08) | (0.08) | (0.05) | (0.05) | (0.05) | (0.05) | (0.04) | (0.03) | (0.03) | (0.02) | (0.02) | (0.02) | (0.02) | (0.02) | (0.01) |
| Pretax Income | (1.87) | 0.80 | 0.73 | (1.06) | (0.19) | (0.03) | (0.20) | (0.05) | (0.04) | (0.04) | (0.04) | (0.04) | (0.04) | (0.03) | (0.02) | (0.02) | -0.00 | -0.00 | (0.07) | (0.01) |
| Tax Provision | (0.01) | (0.01) | (0.02) | -0.00 | (0.02) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | (1.87) | 0.81 | 0.75 | (1.05) | (0.18) | (0.03) | (0.20) | (0.05) | (0.04) | (0.04) | (0.04) | (0.04) | (0.04) | (0.03) | (0.02) | (0.02) | -0.00 | -0.00 | (0.08) | (0.01) |
| Basic EPS | (5.08) | 2.19 | 2.60 | (3.58) | (0.70) | (0.14) | (0.95) | (0.24) | (0.18) | (0.19) | (0.20) | (0.22) | (0.22) | (0.14) | (0.10) | (0.12) | (0.01) | -- | -- | -- |
| Diluted EPS | (5.08) | 2.07 | 2.60 | (3.58) | (0.70) | (0.14) | (0.95) | (0.24) | (0.18) | (0.19) | (0.20) | (0.22) | (0.22) | (0.14) | (0.10) | (0.12) | (0.01) | -- | -- | -- |
Cash Flow Statement
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (0.10) | (0.15) | (0.07) | (0.12) | (0.05) | (0.03) | (0.04) | (0.02) | (0.03) | (0.02) | (0.03) | (0.02) | (0.02) | (0.01) | (0.01) | (0.01) | (0.01) | (0.01) | -0.00 | (0.02) |
| Capital Expenditures | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Free Cash Flow* | (0.11) | (0.16) | (0.08) | (0.13) | (0.05) | (0.04) | (0.04) | (0.02) | (0.03) | (0.02) | (0.03) | (0.03) | (0.02) | (0.01) | (0.02) | (0.01) | (0.01) | (0.01) | (0.01) | (0.03) |
| Investing Cash Flow | 0.83 | (0.39) | (1.22) | (0.67) | 0.03 | (0.23) | 0.02 | 0.01 | 0.01 | 0.04 | 0.02 | 0.05 | (0.02) | 0.02 | 0.01 | 0.02 | (0.04) | (0.30) | (0.21) | (0.01) |
| Financing Cash Flow | 0.01 | 0.01 | 1.98 | 1.00 | 0.00 | 0.37 | 0.04 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.58 |
* Derived from reported values
