IONQ Q1 2025 Earnings — Income Statement Breakdown
For its Q1 2025 period (ending 2025-03-31), IONQ reported revenue of $8M, gross profit of $3M (43.0% gross margin), operating income of −$76M, and net income of −$32M (-426.3% net margin). The flow of revenue into costs and profit is visualized below.
What changed
IONQ reported a net loss; revenue fell 0.2% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | −0.2% | +18.5% | +95.9 pp |
| Quarter over quarter | −35.4% | +84.0% | +1298.7 pp |
Consensus estimate data is not available for this report.
IONQ Q1 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $8M | 100% |
| Cost of Revenue | −$4M | 57.0% |
| Gross Profit | $3M | 43.0% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$79M | 1043.2% |
| Operating Income | −$76M | -1000.3% |
| Other Income, net | $43M | 574.1% |
| Income Tax Expense | $12,000 | 0.2% |
| Net Income | −$32M | -426.3% |
Source: original SEC filing (filed 2025-05-07). Accession 0000950170-25-065685. Data normalized by EarningsFyi.