IonQ Inc. (IONQ) financial statements: income statement, balance sheet and cash flow
IonQ Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), IonQ Inc. reported revenue of $130.0M (+201.9% year on year) and net income of ($512.1M).
Income statement
IonQ Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$130.0M
$43.1M
$22.0M
$11.1M
Cost of revenue (excluding depreciation and amortization)
$77.5M
$20.6M
$8.1M
$2.9M
Research and development
$305.7M
$136.8M
$92.3M
$44.0M
Sales and marketing
$53.4M
$28.4M
$18.3M
$8.4M
General and administrative
$245.1M
$71.1M
$50.7M
$36.0M
Depreciation and amortization
$82.0M
$18.7M
$10.4M
$5.6M
Total operating costs and expenses
$763.7M
$275.5M
$179.8M
$96.9M
Loss from operations
($633.7M)
($232.5M)
($157.8M)
($85.7M)
Gain (loss) on change in fair value of warrant liabilities
$66.7M
($117.1M)
($19.2M)
$30.1M
Interest income, net
$56.0M
$18.2M
$19.3M
$7.1M
Offering costs associated with warrants
($45.7M)
—
—
$0
Other income (expense), net
$29.0K
($275.0K)
($85.0K)
$6.0K
Total net loss before income taxes
($556.7M)
($331.6M)
($157.7M)
($48.5M)
Income tax benefit (expense)
$44.6M
($59.0K)
($48.0K)
$0
Net loss
($512.1M)
—
—
—
Net loss attributable to noncontrolling interests
($1.7M)
—
—
—
Net loss attributable to IonQ, Inc.
($510.4M)
($331.6M)
($157.8M)
($48.5M)
Net loss per share attributable to IonQ, Inc. common stockholders-basic
-$1.82
-$1.56
-$0.78
-$0.25
Net loss per share attributable to IonQ, Inc. common stockholders-diluted
-$1.82
-$1.56
-$0.78
-$0.25
Weighted average shares used in computing net loss per share attributable to IonQ, Inc. common stockholders-basic
$280345046.00
$213029365.00
$202576492.00
$197727642.00
Weighted average shares used in computing net loss per share attributable to IonQ, Inc. common stockholders-diluted
$280345046.00
$213029365.00
$202576492.00
$197727642.00
IonQ Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$80.0M
$64.7M
$39.9M
$20.7M
Cost of revenue (excluding depreciation and amortization)
$60.1M
$49.3M
$21.3M
$8.3M
Research and development
$160.6M
$125.7M
$66.3M
$103.4M
Sales and marketing
$32.9M
$29.4M
$14.4M
$10.9M
General and administrative
$117.6M
$88.6M
$82.5M
$48.1M
Depreciation and amortization
$46.1M
$43.1M
$24.2M
$10.6M
Total operating costs and expenses
$417.3M
$336.2M
$208.7M
$181.3M
Loss from operations
($337.2M)
($271.5M)
($168.8M)
($160.6M)
Gain (loss) on change in fair value of warrant liabilities
($1.6B)
$1.1B
($881.8M)
($39.6M)
Interest income, net
$32.0M
$28.2M
$14.4M
$7.1M
Other income (expense), net
$79.7M
($16.1M)
($980.0K)
$232.0K
Income (loss) before income tax expense
($1.9B)
$798.2M
($1.1B)
($192.8M)
Income tax benefit (expense)
$6.1M
$6.4M
$4.4M
$15.3M
Net income (loss)
($1.9B)
$804.6M
($1.1B)
($177.5M)
Net income (loss) attributable to noncontrolling interests
($858.0K)
($750.0K)
($657.0K)
($692.0K)
Net income (loss) attributable to IonQ, Inc.
($1.9B)
$805.4M
($1.1B)
($176.8M)
Net income (loss) per share attributable to IonQ, Inc. common stockholders-basic
-$5.08
$2.19
-$3.58
-$0.70
Net income (loss) per share attributable to IonQ, Inc. common stockholders-diluted
-$5.08
$2.07
-$3.58
-$0.70
Weighted average shares used in computing net income (loss) per share attributable to IonQ, Inc. common stockholders-basic
$367660636.00
$358822219.00
$294524786.00
$250967455.00
Weighted average shares used in computing net income (loss) per share attributable to IonQ, Inc. common stockholders-diluted
$367660636.00
$371228286.00
$294524786.00
$250967455.00
Balance sheet
IonQ Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$1.0B
$54.4M
$35.7M
$44.4M
Short-term investments
$1.4B
$285.9M
$319.8M
$311.4M
Accounts receivable, net
$66.5M
$10.2M
$11.5M
$3.3M
Prepaid expenses and other current assets
$127.8M
$28.3M
$23.1M
$12.5M
Total current assets
$2.6B
$378.8M
$390.0M
$371.6M
Long-term investments
$944.6M
$23.5M
$100.5M
$182.0M
Property and equipment, net
$120.1M
$52.8M
$37.5M
$26.0M
Operating lease right-of-use assets
$22.7M
$9.5M
$4.6M
$3.8M
Intangible assets, net
$767.4M
$29.5M
$15.1M
$8.9M
Goodwill
$2.0B
$9.9M
$742.0K
$742.0K
Other noncurrent assets
$165.4M
$4.4M
$5.2M
$4.9M
Total Assets
$6.6B
$508.4M
$553.6M
$598.0M
Accounts payable
$26.1M
$5.2M
$5.6M
$3.1M
Accrued expenses and other current liabilities
$89.7M
$16.4M
$18.4M
$6.7M
Current portion of operating lease liabilities
$8.8M
$3.4M
$710.0K
$591.0K
Unearned revenue
$42.1M
$10.7M
$12.1M
$8.7M
Total current liabilities
$166.8M
$36.1M
$37.2M
$20.2M
Operating lease liabilities, net of current portion
$21.2M
$14.4M
$7.4M
$3.5M
Unearned revenue, net of current portion
$1.9M
$0
$447.0K
$1.2M
Warrant liabilities
$2.5B
$70.7M
$23.0M
$3.8M
Other noncurrent liabilities
$95.2M
$3.3M
$128.0K
$303.0K
Total liabilities
$2.8B
$124.5M
$68.6M
$29.8M
Common stock $0.0001 par value; 1,000,000,000 shares authorized; 362,592,722 and 221,919,191 shares outstanding as of December 31, 2025 and December 31, 2024, respectively
36.0K
22.0K
20.0K
20.0K
Additional paid-in capital
$5.0B
$1.1B
$839.0M
$769.8M
Accumulated deficit
($1.2B)
($683.7M)
($352.1M)
($194.3M)
Accumulated other comprehensive income (loss)
($12.7M)
$157.0K
($2.0M)
($7.4M)
Total IonQ, Inc. stockholders' equity
$3.8B
$383.9M
$485.0M
$568.2M
Noncontrolling interests
$14.2M
—
—
—
Total stockholders' equity
$3.8B
—
—
—
Total Liabilities and Stockholders' Equity
$6.6B
$508.4M
$553.6M
$598.0M
IonQ Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$1.2B
$493.5M
$346.0M
$140.1M
Short-term investments
$883.2M
$1.5B
$736.3M
$406.8M
Accounts receivable, net
$105.9M
$98.2M
$36.9M
$19.1M
Prepaid expenses and other current assets
$184.9M
$171.3M
$96.0M
$59.9M
Total current assets
$2.4B
$2.3B
$1.2B
$625.9M
Long-term investments
$840.4M
$1.1B
$402.6M
$109.9M
Property and equipment, net
$144.2M
$132.3M
$119.6M
$58.6M
Operating lease right-of-use assets
$46.7M
$23.5M
$20.9M
$11.3M
Intangible assets, net
$778.9M
$781.1M
$655.9M
$143.2M
Goodwill
$2.2B
$2.1B
$1.9B
$370.7M
Other noncurrent assets
$372.7M
$267.8M
$39.2M
$27.0M
Total Assets
$6.8B
$6.7B
$4.3B
$1.3B
Accounts payable
$44.6M
$38.3M
$17.0M
$8.9M
Accrued expenses and other current liabilities
$97.0M
$65.4M
$91.9M
$49.2M
Current portion of operating lease liabilities
$11.7M
$9.2M
$8.6M
$5.5M
Unearned revenue
$72.8M
$51.0M
$21.9M
$16.7M
Total current liabilities
$226.1M
$163.9M
$139.3M
$80.6M
Operating lease liabilities, net of current portion
$42.8M
$21.3M
$19.9M
$13.7M
Unearned revenue, net of current portion
$14.2M
$13.5M
$3.4M
$2.8M
Warrant liabilities
$3.1B
$1.4B
$1.8B
$58.0M
Other noncurrent liabilities
$103.5M
$98.6M
$100.7M
$13.0M
Total liabilities
$3.4B
$1.7B
$2.0B
$168.2M
Common stock $0.0001 par value; 1,000,000,000 shares authorized; 381,044,481 and 362,592,722 shares outstanding as of June 30, 2026 and December 31, 2025, respectively
38.0K
37.0K
32.0K
27.0K
Additional paid-in capital
$5.6B
$5.4B
$4.2B
$2.1B
Accumulated deficit
($2.3B)
($388.7M)
($1.9B)
($892.8M)
Accumulated other comprehensive income (loss)
($54.3M)
($55.1M)
($16.8M)
$4.1M
Total IonQ, Inc. stockholders' equity
$3.3B
$5.0B
$2.3B
$1.2B
Noncontrolling interests
$12.4M
$13.7M
$14.4M
$16.8M
Total stockholders' equity
$3.3B
$5.0B
$2.3B
$1.2B
Total Liabilities and Stockholders' Equity
$6.8B
$6.7B
$4.3B
$1.3B
Cash flow statement
IonQ Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net loss
($512.1M)
($331.6M)
($157.8M)
($48.5M)
Depreciation and amortization
$82.0M
$18.7M
$10.4M
$5.6M
Stock-based compensation
$312.0M
$106.9M
$69.7M
$31.5M
(Gain) loss on change in fair value of warrant liabilities
($66.7M)
$117.1M
$19.2M
($30.1M)
Offering costs associated with warrants
$45.7M
—
—
$0
Deferred income taxes
($44.9M)
—
—
—
Amortization of premiums and accretion of discounts on available-for-sale securities
($8.3M)
($8.8M)
($9.7M)
—
Other, net
$18.4M
$4.8M
$1.5M
($1.1M)
Accounts receivable
($37.7M)
$1.6M
($8.2M)
($1.5M)
Prepaid expenses and other current assets
($72.2M)
($15.2M)
($14.4M)
($7.0M)
Accounts payable
($7.6M)
($601.0K)
$2.2M
$1.1M
Accrued expenses and other current liabilities
$7.4M
($411.0K)
$3.3M
$1.3M
Unearned revenue
$9.3M
($1.8M)
$2.6M
$3.9M
Other assets and liabilities
($8.5M)
$3.2M
$1.9M
($269.0K)
Net cash provided by (used in) operating activities
($283.2M)
($105.7M)
($78.8M)
($44.7M)
Purchases of property and equipment
($16.4M)
($18.0M)
($13.7M)
($9.3M)
Purchases of available-for-sale securities
($2.7B)
($296.3M)
($298.4M)
($605.7M)
Maturities of available-for-sale securities
$682.8M
$418.1M
$386.8M
$310.0M
Purchases of privately-held securities
($88.5M)
—
—
—
Businesses acquired, net of cash paid and acquired
$523.0K
—
—
—
Other investing, net
($4.2M)
—
—
—
Net cash provided by (used in) investing activities
($2.1B)
$82.7M
$68.8M
($309.1M)
Proceeds from Issuance of Common Stock
$3.3B
—
—
—
Proceeds from stock options exercised
$26.7M
$8.0M
$2.0M
$1.1M
Proceeds from warrants exercised
$11.4M
$33.4M
—
—
Other financing, net
$7.9M
$238.0K
($193.0K)
—
Net cash provided by (used in) financing activities
$3.4B
$41.7M
$1.8M
$1.1M
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash
$581.0K
$25.0K
($2.0K)
—
Net change in cash, cash equivalents and restricted cash
$980.9M
$18.8M
($8.3M)
($352.7M)
Cash, cash equivalents and restricted cash at the beginning of the period
$56.8M
$38.1M
$46.4M
$399.0M
Cash, cash equivalents and restricted cash at the end of the period
$1.0B
$56.8M
$38.1M
$46.4M
Property and equipment purchases in accounts payable and accrued expenses
$1.3M
$1.1M
$773.0K
$485.0K
Operating lease right-of-use assets subject to lease liability
$0
$6.1M
$2.4M
—
Noncash reclassification of warrant liabilities to equity upon exercise
$532.4M
$69.4M
$20.0K
$8.0K
Bonus settled in restricted stock units
$7.0M
$11.4M
$3.9M
$473.0K
Equity issued for acquisitions
$2.6B
—
—
—
Equity issued for intangible assets
$48.1M
—
—
—
Equity issued for research and development arrangement
$68.7M
—
—
—
IonQ Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income (loss)
($1.1B)
$804.6M
($1.3B)
($209.8M)
Depreciation and amortization
$89.2M
$43.1M
$41.4M
$17.2M
Stock-based compensation
$270.4M
$128.5M
$205.4M
$132.4M
(Gain) loss on change in fair value of warrant liabilities
$591.5M
($1.1B)
$882.9M
$1.1M
Deferred income taxes
($12.9M)
($6.5M)
($19.9M)
($15.3M)
(Gain) loss on change in fair value of strategic investments
($64.0M)
—
—
—
Other, net
$1.1M
$8.5M
$5.9M
$1.5M
Accounts receivable
($28.5M)
($23.2M)
($15.8M)
($3.6M)
Prepaid expenses and other current assets
($66.7M)
($41.6M)
($42.6M)
($25.1M)
Accounts payable
$14.6M
$9.4M
($17.4M)
$1.1M
Accrued expenses and other current liabilities
($13.9M)
($24.9M)
$27.8M
$20.7M
Unearned revenue
$31.9M
$11.1M
$268.0K
($4.0K)
Other assets and liabilities
($3.5M)
($2.3M)
($5.0M)
($2.3M)
Net cash provided by (used in) operating activities
($254.8M)
($151.0M)
($208.7M)
($85.6M)
Purchases of property and equipment
($18.6M)
($8.4M)
($7.6M)
($3.5M)
Purchases of available-for-sale securities
($588.3M)
($588.3M)
($1.3B)
($435.1M)
Maturities of available-for-sale securities
$845.9M
$292.1M
$407.7M
$211.2M
Sales of available-for-sale securities
$318.0M
—
—
—
Purchases of strategic investments
($80.5M)
($52.5M)
—
—
Businesses acquired, net of cash paid and acquired
($31.8M)
($33.3M)
($13.1M)
$28.7M
Other investing, net
($2.6M)
($1.4M)
($5.3M)
—
Net cash provided by (used in) investing activities
$442.1M
($391.9M)
($873.6M)
($201.0M)
Proceeds from common stock and warrant issuance, net of issuance costs
$0
$0
$1.4B
—
Proceeds from stock options exercised
$11.5M
$3.2M
$11.5M
$7.6M
Proceeds from public warrants exercised
$3.0M
$2.2M
$6.7M
$5.6M
Tax withholding receipts (payments) related to equity awards, net
$7.8M
—
—
$1.4M
Other financing, net
($3.5M)
$1.5M
$986.0K
—
Net cash provided by (used in) financing activities
$18.9M
$6.9M
$1.4B
$372.9M
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash
($714.0K)
($417.0K)
$375.0K
$391.0K
Net change in cash, cash equivalents and restricted cash
$205.5M
($536.4M)
$295.5M
$86.7M
Cash, cash equivalents and restricted cash at the beginning of the period
$1.0B
$1.0B
$56.8M
$56.8M
Cash, cash equivalents and restricted cash at the end of the period
$1.2B
$501.4M
$352.3M
$143.5M
Property and equipment purchases in accounts payable and accrued expenses
$3.4M
$1.6M
$3.2M
$466.0K
Operating lease right-of-use assets subject to lease liability
$19.1M
—
$0
$0
Noncash reclassification of warrant liabilities to equity upon exercise
$10.7M
$7.1M
$185.4M
$13.7M
Bonus settled in restricted stock units
$28.0M
$28.0M
$7.0M
$7.0M
Conversion of investment in convertible debt securities to investment in equity securities
$37.1M
—
—
—
Equity issued for acquisitions
$238.6M
$164.6M
$2.4B
$461.8M
Equity issued for intangible assets
$14.8M
$14.8M
—
—
Equity issued for research and development arrangement