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How IonQ (IONQ) Makes Money: A Visual Guide

IonQ (IONQ) generated $187.12M in revenue, earning $277.09M in net profit (148.1% margin). Below is an interactive breakdown of how revenue flows through the income statement.

In TTM through Q1 2026, IonQ (IONQ) generated 66.9% of revenue from UNITED STATES, followed by Non-US (20.3%) and SWITZERLAND (12.8%).

IonQ (IONQ) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending .

IonQ (IONQ) Revenue by Geography — FY 2025 (period end December 31, 2025)

Quarterly geographic data is unavailable for this period, so the table reflects the company's last annual disclosure (FY 2025 (period end December 31, 2025)). The income statement above uses TTM through Q1 2026, so regional dollars and percentages will not match line-for-line.

Revenue contribution by geographic region for IonQ (IONQ), FY 2025 (period end December 31, 2025).

  • UNITED STATES

    Revenue
    $86.96M
    % of total
    66.9%

  • Non-US

    Revenue
    $26.43M
    % of total
    20.3%

  • SWITZERLAND

    Revenue
    $16.63M
    % of total
    12.8%

  • Total

    Revenue
    $130.02M
    % of total
    100%
View IonQ (IONQ) revenue history

Frequently asked questions

How much revenue does IonQ (IONQ) generate?

IonQ (IONQ) generated $187.12M in total revenue for TTM through Q1 2026 with a net profit margin of 148.1%.

What is IonQ (IONQ) gross profit margin?

IonQ (IONQ) reported a gross profit margin of 38.1% for TTM through Q1 2026, equivalent to $71.25M in gross profit. This means IonQ retains 38.1% of each revenue unit after direct costs of production.

What is IonQ (IONQ) operating profit margin?

IonQ (IONQ) reported an operating profit margin of -443.3% for TTM through Q1 2026, equivalent to −$829.54M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is IonQ (IONQ) net profit margin?

IonQ (IONQ) reported a net profit margin of 148.1% for TTM through Q1 2026, equivalent to $277.09M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does IonQ (IONQ) invest in R&D?

IonQ (IONQ) invested $393.19M in research and development in TTM through Q1 2026 (210.1% of total revenue). R&D spending reflects investment in future products, services, and technologies.

How much does IonQ (IONQ) spend on capital expenditures?

IonQ (IONQ) spent $23.57M on capital expenditures in TTM through Q1 2026 (12.6% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is IonQ (IONQ) free cash flow?

IonQ (IONQ) generated −$424.75M in free cash flow for TTM through Q1 2026 (-227.0% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

Where does IonQ (IONQ) generate most of its revenue?

Geographically, 66.9% of IonQ (IONQ) revenue came from UNITED STATES in the most recent annual filing. The full regional split is shown in the revenue-by-geography table on this page.

Data & methodology

What is a Sankey diagram?

A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.

How is the data calculated?

We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.

Where do segment and geographic numbers come from?

Product-segment shares come from the same TTM income statement that powers the Sankey chart. Geographic splits are first rebuilt from the four most recent quarterly geographic-segmentation filings so they align with the same TTM window; if quarterly geo data is missing, we fall back to the latest annual disclosure (the table heading shows which one is in use).

When was this data last updated?

Based on company filings through TTM through Q1 2026.

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