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Where the tokens are
Trade IONQ perpsStandardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $80.05M | $64.67M | $61.89M | $39.87M | $20.69M | $7.57M | $11.71M | $12.40M |
| Cost of revenue | $60.11M | $49.25M | $43.59M | $21.25M | $8.33M | $4.32M | $5.05M | $6.52M |
| Gross profit | $19.94M | $15.41M | $18.30M | $18.61M | $12.37M | $3.25M | $6.67M | $5.89M |
| Gross margin | 24.9% | 23.8% | 29.6% | 46.7% | 59.8% | 43.0% | 56.9% | 47.5% |
| Research and development | $160.63M | $125.74M | $96.10M | $66.30M | $103.36M | $39.95M | $40.08M | $33.18M |
| Selling, general and administrative | $150.47M | $118.05M | $110.19M | $96.95M | $58.98M | $32.42M | $38.59M | $20.95M |
| Operating expenses | $357.18M | $286.92M | $246.93M | $187.43M | $172.96M | $78.93M | $84.17M | $59.02M |
| Operating income | −$337.24M | −$271.51M | −$228.63M | −$168.81M | −$160.59M | −$75.68M | −$77.50M | −$53.14M |
| Operating margin | -421.3% | -419.8% | -369.4% | -423.5% | -776.0% | -1000.3% | -661.9% | -428.5% |
| EBITDA | −$291.16M | −$228.38M | −$105.98M | −$144.63M | −$149.98M | −$69.12M | −$53.35M | −$48.25M |
| Interest income | $31.98M | $28.23M | $0 | — | $7.14M | $4.89M | $0 | — |
| Interest expense | $0 | $0 | $29.53M | $14.44M | $0 | $0 | $4.14M | $4.51M |
| Income before taxes | −$1.87B | $798.23M | $728.40M | −$1.06B | −$192.80M | −$32.24M | −$201.98M | −$52.48M |
| Income taxes | −$6.07M | −$6.38M | −$24.88M | −$4.44M | −$15.27M | $12.00K | $20.00K | $16.00K |
| Net income | −$1.87B | $804.61M | $753.27M | −$1.06B | −$177.53M | −$32.25M | −$202.00M | −$52.50M |
| Net margin | -2334.3% | 1244.2% | 1217.1% | -2647.9% | -857.9% | -426.3% | -1725.0% | -423.4% |
| EPS, basic | −$5.08 | $2.19 | $2.17 | −$3.58 | −$0.70 | −$0.14 | −$0.93 | −$0.24 |
| EPS, diluted | −$5.08 | $2.07 | $2.17 | −$3.58 | −$0.70 | −$0.14 | −$0.93 | −$0.24 |
| Diluted shares | 367.66M | 371.23M | 347.13M | 294.52M | 250.97M | 228.76M | 218.02M | 214.31M |
Figures describe IonQ shares, not any token. As of Aug 10, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.