IONQ Q3 2025 Earnings — Income Statement Breakdown
For its Q3 2025 period (ending 2025-09-30), IONQ reported revenue of $40M, gross profit of $19M (46.7% gross margin), operating income of −$169M, and net income of −$1.1B (-2647.9% net margin). The flow of revenue into costs and profit is visualized below.
What changed
IONQ reported a net loss; revenue grew 221.5% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +221.5% | −1910.8% | −2224.5 pp |
| Quarter over quarter | +92.6% | −494.6% | −1790.0 pp |
Consensus estimate data is not available for this report.
IONQ Q3 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $40M | 100% |
| Cost of Revenue | −$21M | 53.3% |
| Gross Profit | $19M | 46.7% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$187M | 470.1% |
| Operating Income | −$169M | -423.5% |
| Other Income, net | −$891M | 2235.6% |
| Income Tax Expense | $4M | 11.1% |
| Net Income | −$1.1B | -2647.9% |
Source: original SEC filing (filed 2025-11-05). Accession 0001193125-25-266878. Data normalized by EarningsFyi.