IONQ Q4 2025 Earnings — Income Statement Breakdown
For its Q4 2025 period (ending 2025-12-31), IONQ reported revenue of $62M, gross profit of $18M (29.6% gross margin), operating income of −$229M, and net income of $754M (1217.8% net margin). The flow of revenue into costs and profit is visualized below.
What changed
IONQ was profitable; revenue grew 428.5% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +428.5% | +473.1% | +2942.8 pp |
| Quarter over quarter | +55.2% | +171.4% | +3865.7 pp |
Consensus estimate data is not available for this report.
IONQ Q4 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $62M | 100% |
| Cost of Revenue | −$44M | 70.4% |
| Gross Profit | $18M | 29.6% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$247M | 399.0% |
| Operating Income | −$229M | -369.4% |
| Other Income, net | $957M | 1546.3% |
| Income Tax Expense | $25M | 40.2% |
| Net Income | $754M | 1217.8% |
Source: original SEC filing (filed 2026-02-25). Accession 0001193125-26-071520. Data normalized by EarningsFyi.