The Filings Report

IonQ, Inc.

IONQNYSECIK 1824920Technology / IT Servicesfiscal year ends December24 quarters since 2020

Revenue, Q2 FY2026
$80M
+286.8% on Q2 FY2025
Net income
−$1.9B
−956.2% on Q2 FY2025
Free cash flow
−$114M
−112.0% on Q2 FY2025
Diluted EPS
$-5.08
−625.7% on Q2 FY2025
Revenue, TTM
$246M
trailing four quarters
Net margin, TTM
-553.3%
net income −$1.4B
Free cash flow, TTM
−$484M
−$452M less $31M capex
Cash and equivalents
$1.2B
long-term debt —, Jun 30, 2026
Shares, 12-month change
+28.4%
381M shares, Jun 30, 2026
Buybacks, TTM
—
no yield
Dividends, TTM
—
no yield
Market value
$11.4B
at the close, buybacks

Latest quarter Q2 FY2026, filed August 10, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q2 FY2026, the quarter ended June 30, 2026, IonQ, Inc. reported revenue of $80M, +286.8% on Q2 FY2025, and net loss of $1.9B (−956.2%). Operating margin was −421.3%. Free cash flow, operating cash flow less capital expenditures, was −$114M (−$104M less $10M). Diluted earnings per share were $-5.08.

The last 16 quarters

Q3 FY2022 to Q2 FY2026, through the filing of August 10, 2026.

Revenue and net incomeRevenueNet income
−$2B−$1B$0$1BQ3'22, Revenue: $3MQ3'22, Net income: −$24MQ3'22Q4'22, Revenue: $4MQ4'22, Net income: −$19MQ4'22Q1'23, Revenue: $4MQ1'23, Net income: −$27MQ1'23Q2'23, Revenue: $6MQ2'23, Net income: −$44MQ2'23Q3'23, Revenue: $6MQ3'23, Net income: −$45MQ3'23Q4'23, Revenue: $6MQ4'23, Net income: −$42MQ4'23Q1'24, Revenue: $8MQ1'24, Net income: −$40MQ1'24Q2'24, Revenue: $11MQ2'24, Net income: −$38MQ2'24Q3'24, Revenue: $12MQ3'24, Net income: −$52MQ3'24Q4'24, Revenue: $12MQ4'24, Net income: −$202MQ4'24Q1'25, Revenue: $8MQ1'25, Net income: −$32MQ1'25Q2'25, Revenue: $21MQ2'25, Net income: −$177MQ2'25Q3'25, Revenue: $40MQ3'25, Net income: −$1.1BQ3'25Q4'25, Revenue: $62MQ4'25, Net income: $754MQ4'25Q1'26, Revenue: $65MQ1'26, Net income: $805MQ1'26Q2'26, Revenue: $80MQ2'26, Net income: −$1.9BQ2'26−$2B−$1B$0$1BQ3'22, Revenue: $3MQ3'22, Net income: −$24MQ4'22, Revenue: $4MQ4'22, Net income: −$19MQ4'22Q1'23, Revenue: $4MQ1'23, Net income: −$27MQ2'23, Revenue: $6MQ2'23, Net income: −$44MQ2'23Q3'23, Revenue: $6MQ3'23, Net income: −$45MQ4'23, Revenue: $6MQ4'23, Net income: −$42MQ4'23Q1'24, Revenue: $8MQ1'24, Net income: −$40MQ2'24, Revenue: $11MQ2'24, Net income: −$38MQ2'24Q3'24, Revenue: $12MQ3'24, Net income: −$52MQ4'24, Revenue: $12MQ4'24, Net income: −$202MQ4'24Q1'25, Revenue: $8MQ1'25, Net income: −$32MQ2'25, Revenue: $21MQ2'25, Net income: −$177MQ2'25Q3'25, Revenue: $40MQ3'25, Net income: −$1.1BQ4'25, Revenue: $62MQ4'25, Net income: $754MQ4'25Q1'26, Revenue: $65MQ1'26, Net income: $805MQ2'26, Revenue: $80MQ2'26, Net income: −$1.9BQ2'26

Net income losses drawn in red.

Free cash flow
−$200M−$150M−$100M−$50M$0$50MQ3'22, Free cash flow: −$14MQ3'22Q4'22, Free cash flow: −$16MQ4'22Q1'23, Free cash flow: −$15MQ1'23Q2'23, Free cash flow: −$17MQ2'23Q3'23, Free cash flow: −$26MQ3'23Q4'23, Free cash flow: −$34MQ4'23Q1'24, Free cash flow: −$24MQ1'24Q2'24, Free cash flow: −$34MQ2'24Q3'24, Free cash flow: −$23MQ3'24Q4'24, Free cash flow: −$43MQ4'24Q1'25, Free cash flow: −$35MQ1'25Q2'25, Free cash flow: −$54MQ2'25Q3'25, Free cash flow: −$127MQ3'25Q4'25, Free cash flow: −$83MQ4'25Q1'26, Free cash flow: −$159MQ1'26Q2'26, Free cash flow: −$114MQ2'26−$200M−$150M−$100M−$50M$0$50MQ3'22, Free cash flow: −$14MQ4'22, Free cash flow: −$16MQ4'22Q1'23, Free cash flow: −$15MQ2'23, Free cash flow: −$17MQ2'23Q3'23, Free cash flow: −$26MQ4'23, Free cash flow: −$34MQ4'23Q1'24, Free cash flow: −$24MQ2'24, Free cash flow: −$34MQ2'24Q3'24, Free cash flow: −$23MQ4'24, Free cash flow: −$43MQ4'24Q1'25, Free cash flow: −$35MQ2'25, Free cash flow: −$54MQ2'25Q3'25, Free cash flow: −$127MQ4'25, Free cash flow: −$83MQ4'25Q1'26, Free cash flow: −$159MQ2'26, Free cash flow: −$114MQ2'26

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$500M$1.0B$1.5BQ3'22, Cash and equivalents: $57MQ3'22Q4'22, Cash and equivalents: $44MQ4'22Q1'23, Cash and equivalents: $52MQ1'23Q2'23, Cash and equivalents: $14MQ2'23Q3'23, Cash and equivalents: $37MQ3'23Q4'23, Cash and equivalents: $36MQ4'23Q1'24, Cash and equivalents: $60MQ1'24Q2'24, Cash and equivalents: $42MQ2'24Q3'24, Cash and equivalents: $30MQ3'24Q4'24, Cash and equivalents: $54MQ4'24Q1'25, Cash and equivalents: $160MQ1'25Q2'25, Cash and equivalents: $140MQ2'25Q3'25, Cash and equivalents: $346MQ3'25Q4'25, Cash and equivalents: $1.0BQ4'25Q1'26, Cash and equivalents: $494MQ1'26Q2'26, Cash and equivalents: $1.2BQ2'26$0$500M$1.0B$1.5BQ3'22, Cash and equivalents: $57MQ4'22, Cash and equivalents: $44MQ4'22Q1'23, Cash and equivalents: $52MQ2'23, Cash and equivalents: $14MQ2'23Q3'23, Cash and equivalents: $37MQ4'23, Cash and equivalents: $36MQ4'23Q1'24, Cash and equivalents: $60MQ2'24, Cash and equivalents: $42MQ2'24Q3'24, Cash and equivalents: $30MQ4'24, Cash and equivalents: $54MQ4'24Q1'25, Cash and equivalents: $160MQ2'25, Cash and equivalents: $140MQ2'25Q3'25, Cash and equivalents: $346MQ4'25, Cash and equivalents: $1.0BQ4'25Q1'26, Cash and equivalents: $494MQ2'26, Cash and equivalents: $1.2BQ2'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q2 FY2026 filed August 10, 2026.

IonQ, Inc. income statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 10, 2026Q1 FY2026ended Mar 31, 2026filed May 7, 2026Q4 FY2025ended Dec 31, 2025filed Feb 25, 2026Q3 FY2025ended Sep 30, 2025filed Nov 5, 2025Q2 FY2025ended Jun 30, 2025filed Aug 6, 2025Q1 FY2025ended Mar 31, 2025filed May 7, 2025Q4 FY2024ended Dec 31, 2024filed Feb 26, 2025Q3 FY2024ended Sep 30, 2024filed Nov 6, 2024YoYQ2 FY2026vs Q2 FY2025
Revenue806562402181212+286.8%
Cost of revenue—————————
Gross profit—————————
Research and development1611269666103404033+55.4%
Selling, general and administrative11889918348243014+144.4%
Operating income(337)(272)(229)(169)(161)(76)(78)(53)−110.0%
Other income (expense)80(16)1(1)0000+34258.6%
Pretax income(1,875)798728(1,060)(193)(32)(202)(52)−872.3%
Income tax(6)(6)(25)(4)(15)000+60.3%
Net income(1,868)805754(1,055)(177)(32)(202)(52)−956.2%
Diluted EPS ($)(5.08)2.07—(3.58)(0.70)(0.14)—(0.24)−625.7%
Diluted shares (millions)368371—295251229—214—

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q2 FY2026 filed August 10, 2026.

IonQ, Inc. balance sheet, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 10, 2026Q1 FY2026ended Mar 31, 2026filed May 7, 2026Q4 FY2025ended Dec 31, 2025filed Feb 25, 2026Q3 FY2025ended Sep 30, 2025filed Nov 5, 2025Q2 FY2025ended Jun 30, 2025filed Aug 6, 2025Q1 FY2025ended Mar 31, 2025filed May 7, 2025Q4 FY2024ended Dec 31, 2024filed Feb 26, 2025Q3 FY2024ended Sep 30, 2024filed Nov 6, 2024YoYQ2 FY2026vs Q2 FY2025
Cash and equivalents1,2364941,0313461401605430+782.2%
Short-term investments8831,5401,361736407429286336+117.1%
Total current assets2,4102,3032,5861,215626637379395+285.0%
Total assets6,7796,6946,5704,3191,347850508498+403.4%
Total current liabilities22616416713981483632+180.4%
Long-term debt—————————
Total liabilities3,4391,7042,7572,0321688512562+1945.1%
Stockholders’ equity3,3274,9763,8002,2731,162765384436+186.4%
Shares outstanding (millions)381373367354297248223216—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q2 FY2026 filed August 10, 2026.

IonQ, Inc. cash flow statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 10, 2026Q1 FY2026ended Mar 31, 2026filed May 7, 2026Q4 FY2025ended Dec 31, 2025filed Feb 25, 2026Q3 FY2025ended Sep 30, 2025filed Nov 5, 2025Q2 FY2025ended Jun 30, 2025filed Aug 6, 2025Q1 FY2025ended Mar 31, 2025filed May 7, 2025Q4 FY2024ended Dec 31, 2024filed Feb 26, 2025Q3 FY2024ended Sep 30, 2024filed Nov 6, 2024YoYQ2 FY2026vs Q2 FY2025
Operating cash flow(104)(151)(75)(123)(53)(33)(39)(19)−97.4%
Capital expenditures108941244+756.2%
Free cash flow (CFO − capex)(114)(159)(83)(127)(54)(35)(43)(23)−112.0%
Depreciation and amortization4643412411765+334.1%
Share repurchases—————————
Dividends paid—————————

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 25, 2026.

Income statement

IonQ, Inc. income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 25, 2026FY2024ended Dec 31, 2024filed Feb 26, 2025FY2023ended Dec 31, 2023filed Feb 28, 2024FY2022ended Dec 31, 2022filed Mar 30, 2023FY2021ended Dec 31, 2021filed Mar 28, 2022FY2020ended Dec 31, 2020filed Mar 25, 2021
Revenue13043221120
Cost of revenue——————
Gross profit——————
Research and development30613792442010
Selling, general and administrative245715136144
Operating income(634)(232)(158)(86)(39)(16)
Other income (expense)00000—
Pretax income(557)(332)(158)(49)(106)(15)
Income tax(45)00000
Net income(510)(332)(158)(49)(106)(15)
Diluted EPS ($)(1.82)(1.56)(0.78)(0.25)(0.77)—
Diluted shares (millions)280213203198138—

Balance sheet

IonQ, Inc. balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 25, 2026FY2024ended Dec 31, 2024filed Feb 26, 2025FY2023ended Dec 31, 2023filed Feb 28, 2024FY2022ended Dec 31, 2022filed Mar 30, 2023FY2021ended Dec 31, 2021filed Mar 28, 2022FY2020ended Dec 31, 2020filed Mar 25, 2021
Cash and equivalents1,03154364439936
Short-term investments1,3612863203111230
Total current assets2,58637939037253039
Total assets6,57050855459864260
Total current liabilities167363720102
Long-term debt——————
Total liabilities2,7571256930517
Stockholders’ equity3,80038448556859154
Shares outstanding (millions)367223208202198—

Cash flow statement

IonQ, Inc. cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 25, 2026FY2024ended Dec 31, 2024filed Feb 26, 2025FY2023ended Dec 31, 2023filed Feb 28, 2024FY2022ended Dec 31, 2022filed Mar 30, 2023FY2021ended Dec 31, 2021filed Mar 28, 2022FY2020ended Dec 31, 2020filed Mar 25, 2021
Operating cash flow(283)(106)(79)(45)(27)(12)
Capital expenditures1618149810
Free cash flow (CFO − capex)(300)(124)(93)(54)(34)(22)
Depreciation and amortization821910631
Share repurchases——————
Dividends paid——————

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$90K
1 sales by 1 insider; officers and directors $90K
Bought, twelve months
$225K
2 purchases by 1 insider; officers and directors $225K
Sold, twelve months
$7M
12 sales by 5 insiders; officers and directors $7M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Sep 11, 2026Dacier Paul TCAO, CLO and Secretarytax withholding4,457$37.09$165K100,001Sep 15, 2026
Sep 11, 2026Singh Inder MCFO & COOtax withholding6,272$37.09$233K408,614Sep 15, 2026
Sep 11, 2026de Masi NiccoloPresident and CEO, Directortax withholding16,121$37.09$598K1MSep 15, 2026
Sep 10, 2026Raymond John wDirectoropen-market sale10b5-12,407$37.21$90K77,741Sep 11, 2026
Aug 24, 2026Baxter Timothy EDirectoraward5,540$0.00—13,922Aug 26, 2026
Aug 24, 2026Ball Eric R.Directoraward5,540$0.00—5,540Aug 26, 2026
Jun 18, 2026Toledano Gabrielle BDirectoropen-market sale10b5-12,757$55.01$152K11,154Jun 22, 2026
Jun 18, 2026Chou Kathryn K.Directoropen-market sale10b5-12,757$55.02$152K62,608Jun 22, 2026
Jun 18, 2026Raymond John wDirectoropen-market sale10b5-13,815$55.01$210K80,148Jun 22, 2026
Jun 17, 2026Toledano Gabrielle BDirectoraward4,526$0.00—13,911Jun 22, 2026
Jun 17, 2026Chou Kathryn K.Directoraward4,526$0.00—65,365Jun 22, 2026
Jun 17, 2026Frankola JimDirectoraward4,526$0.00—8,939Jun 18, 2026
Jun 17, 2026Teuber William J JRDirectoraward4,526$0.00—13,939Jun 18, 2026
Jun 17, 2026Scannell William FDirectoraward4,526$0.00—145,086Jun 18, 2026
Jun 16, 2026Singh Inder MCFO & COOtax withholding2,617$59.75$156K414,886Jun 18, 2026
Jun 11, 2026Singh Inder MCFO & COOtax withholding6,272$56.21$353K417,503Jun 12, 2026
Jun 11, 2026de Masi NiccoloPresident and CEO, Directortax withholding16,120$56.21$906K1MJun 12, 2026
Jun 11, 2026Cardillo Robert T.Directortax withholding904$56.21$51K139,063Jun 12, 2026
Jun 11, 2026Dacier Paul TCAO, CLO and Secretarytax withholding4,110$56.21$231K104,458Jun 12, 2026
May 6, 2026Cardillo Robert T.Directoroption exercise3,773$11.24$42K143,740May 8, 2026
May 6, 2026Cardillo Robert T.Directoropen-market sale10b5-13,773$49.90$188K139,967May 8, 2026
Apr 16, 2026Cardillo Robert T.Directoroption exercise2,500$11.24$28K142,467Apr 17, 2026
Apr 16, 2026Cardillo Robert T.Directoropen-market sale10b5-12,500$44.90$112K139,967Apr 17, 2026
Mar 12, 2026Raymond John wDirectoropen-market sale2,800$33.34$93K83,963Mar 13, 2026
Mar 11, 2026Dacier Paul TCAO, CLO and Secretarytax withholding6,181$34.80$215K108,568Mar 13, 2026

Full insider history for IonQ, Inc., or insider activity across all companies. A record of filings, not a recommendation.

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
IonQ, Inc., CIK 1824920 on EDGAR
Extract generated
November 1, 2026
Withheld
none
Repaired
2 quarters where a full-year figure was filed in a quarter slot and the quarter was rebuilt: net income FY2025, pretax income FY2025
XBRL concepts behind each line

Income statement

Revenue: RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenue: not filed
Gross profit: not filed
Research and development: ResearchAndDevelopmentExpense
Selling, general and administrative: GeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): OtherNonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest, IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: ShortTermInvestments
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: not filed
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationAndAmortization
Share repurchases: not filed
Dividends paid: not filed

The data

The statements on this page as files, generated November 1, 2026.

JSON file
/data/financials/IONQ.json