IONQ Q2 2025 Earnings — Income Statement Breakdown
For its Q2 2025 period (ending 2025-06-30), IONQ reported revenue of $21M, gross profit of $12M (59.8% gross margin), operating income of −$161M, and net income of −$178M (-857.9% net margin). The flow of revenue into costs and profit is visualized below.
What changed
IONQ reported a net loss; revenue grew 81.8% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +81.8% | −372.6% | −527.8 pp |
| Quarter over quarter | +173.5% | −450.4% | −431.6 pp |
Consensus estimate data is not available for this report.
IONQ Q2 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $21M | 100% |
| Cost of Revenue | −$8M | 40.2% |
| Gross Profit | $12M | 59.8% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$173M | 835.8% |
| Operating Income | −$161M | -776.0% |
| Other Income, net | −$32M | 155.6% |
| Income Tax Expense | $15M | 73.8% |
| Net Income | −$178M | -857.9% |
Source: original SEC filing (filed 2025-08-06). Accession 0000950170-25-104021. Data normalized by EarningsFyi.