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 $60.2M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review IonQ source filings ↗Community posts
IonQ secures a quantum-computer agreement with Florida International University
Florida International University signed an agreement to bring an IonQ ($IONQ) Superion 256 quantum computer to its campus, with delivery expected in late 2027. The planned installation will support research and training, connecting the univ ...
IonQ and Nvidia report AI method for faster quantum-circuit design
IonQ ($IONQ), Oak Ridge National Laboratory, Nvidia ($NVDA) and the University of Tennessee reported research using a trained AI model to generate quantum optimization circuits directly. In the benchmark, circuit-finding time stayed near 28 ...
