IonQ, Inc.

IONQ Technology Computer Hardware

IonQ, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $130.0 million, up 201.9% from fiscal 2024.

Revenue
+336.0%
EPS
+139.7%
Free cash flow
−142.4%

Quarter to September 2026, against a year earlier

32.09 5.66 +21.42%
Market cap
$11.4B
P/E
40.8×
Fwd P/E
−7.5×
Dividend yield
—
F-score
4/9
Altman Z
2.63
Beneish M
1.69
Dividend safety
n/a

IonQ, Inc. (IONQ) Gross margin

Alert me on Gross margin

IonQ, Inc.'s gross margin over the twelve months to 30 September 2026 was 24.1%, down 16.3 percentage points from fiscal 2025 (40.4%). Over the past ten years it has ranged from 0.00% (fiscal 2020) to 73.6% (fiscal 2022); the current reading is higher than 33% of that period. That is below the Computer Hardware industry median of 34.7% and below the Technology sector median of 46.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 40.4% (11.78)
FY2024 52.2% (11.04)
FY2023 63.2% (10.33)
FY2022 73.6% 23.10
FY2021 50.5% 50.45
FY2020 0.00% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 21.9% (3.03)
Jun 2026 24.9% 1.07
Mar 2026 23.8% (5.72)
Dec 2025 29.6% (17.13)
20 more quarters

Against its own ten years

Low 0.00% High 73.6%
Ten-year median 51.3%
Current reading's percentile 5

Gross margin against peers

Company Gross margin
P Everpure, Inc. compare 69.7%
QBTS D-Wave Quantum Inc. compare 64.2%
CRCT Cricut, Inc. compare 58.5%
LOGI Logitech International S.A. compare 45.5%
RGTI Rigetti Computing, Inc. compare 34.6%
IONQ IonQ, Inc. 24.1%
HPQ HP Inc. compare 19.9%
SMCI Super Micro Computer, Inc. compare 11.7%
IQMX IQM Quantum Computers Oyj compare —
Computer Hardware industry median 34.7%
Technology sector median 46.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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