IonQ annual free cash flow
2020
2021
2022
2023
2024
2025
IonQ Free Cash Flow (FCF) History (IONQ)
IonQ reported −$299.6M in free cash flow for fiscal 2025, a decrease of $175.9M from the previous fiscal year, with a free cash flow margin of −230.44%.
View full IonQ company overviewIonQ free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$299.6M | −$175.9M | — | −230.44% |
| 2024 | 2024-12-31 | −$123.7M | −$31.2M | — | −287.13% |
| 2023 | 2023-12-31 | −$92.5M | −$38.5M | — | −419.72% |
| 2022 | 2022-12-31 | −$54.0M | −$19.7M | — | −485.44% |
| 2021 | 2021-12-31 | −$34.3M | −$12.3M | — | −1635.06% |
| 2020 | 2020-12-31 | −$22.0M | — | — | — |
IonQ quarterly free cash flow
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$114.0M | −$60.2M | — | −142.37% |
| Q1 2026 | 2026-03-31 | −$159.4M | −$124.1M | — | −246.48% |
| Q4 2025 | 2025-12-31 | −$83.3M | −$40.3M | — | −134.59% |
| Q3 2025 | 2025-09-30 | −$127.2M | −$104.2M | — | −319.08% |
| Q2 2025 | 2025-06-30 | −$53.8M | −$19.7M | — | −259.82% |
| Q1 2025 | 2025-03-31 | −$35.3M | −$11.7M | — | −467.00% |
| Q4 2024 | 2024-12-31 | −$43.0M | −$9.2M | — | −367.39% |
| Q3 2024 | 2024-09-30 | −$23.0M | $3.4M | — | −185.33% |
| Q2 2024 | 2024-06-30 | −$34.1M | −$16.8M | — | −299.34% |
| Q1 2024 | 2024-03-31 | −$23.6M | −$8.6M | — | −311.33% |
| Q4 2023 | 2023-12-31 | −$33.8M | −$17.9M | — | −553.37% |
| Q3 2023 | 2023-09-30 | −$26.4M | −$12.2M | — | −430.46% |
| Q2 2023 | 2023-06-30 | −$17.3M | −$4.4M | — | −313.91% |
| Q1 2023 | 2023-03-31 | −$15.0M | −$4.0M | — | −350.06% |
| Q4 2022 | 2022-12-31 | −$15.9M | −$8.7M | — | −416.81% |
| Q3 2022 | 2022-09-30 | −$14.2M | $116,000 | — | −514.48% |
| Q2 2022 | 2022-06-30 | −$13.0M | −$5.7M | — | −496.74% |
| Q1 2022 | 2022-03-31 | −$11.0M | −$5.4M | — | −563.03% |
| Q4 2021 | 2021-12-31 | −$7.2M | — | — | −435.32% |
| Q3 2021 | 2021-09-30 | −$14.3M | — | — | −6150.64% |
| Q2 2021 | 2021-06-30 | −$7.2M | — | — | −7792.47% |
| Q1 2021 | 2021-03-31 | −$5.6M | — | — | −4454.40% |
IonQ free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from −$22.0M to −$299.6M, a net decrease of $277.6M. IonQ's latest reported quarter, Q2 2026, generated −$114.0M in free cash flow, a decrease of $60.2M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review IonQ filings at SEC.gov ↗