IonQ annual operating expenses
2020
2021
2022
2023
2024
2025
IonQ Operating Expenses Growth & History (IONQ)
IonQ's operating expenses was $763.7M for fiscal 2025.
View full IonQ company overviewIonQ annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $763.7M | $488.2M | +177.19% |
| 2024 | 2024-12-31 | $275.5M | $95.7M | +53.24% |
| 2023 | 2023-12-31 | $179.8M | $82.9M | +85.59% |
| 2022 | 2022-12-31 | $96.9M | $56.1M | +137.53% |
| 2021 | 2021-12-31 | $40.8M | $25.1M | +159.24% |
| 2020 | 2020-12-31 | $15.7M | — | — |
IonQ quarterly operating expenses
Q3.20
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 | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $417.3M | $236.0M | +130.18% |
| Q1 2026 | 2026-03-31 | $336.2M | $252.9M | +303.84% |
| Q4 2025 | 2025-12-31 | $290.5M | $201.3M | +225.65% |
| Q3 2025 | 2025-09-30 | $208.7M | $143.1M | +218.42% |
| Q2 2025 | 2025-06-30 | $181.3M | $121.0M | +200.53% |
| Q1 2025 | 2025-03-31 | $83.2M | $22.8M | +37.69% |
| Q4 2024 | 2024-12-31 | $89.2M | $28.7M | +47.33% |
| Q3 2024 | 2024-09-30 | $65.5M | $17.2M | +35.60% |
| Q2 2024 | 2024-06-30 | $60.3M | $21.7M | +56.26% |
| Q1 2024 | 2024-03-31 | $60.5M | $28.1M | +87.13% |
| Q4 2023 | 2023-12-31 | $60.6M | $33.1M | +120.76% |
| Q3 2023 | 2023-09-30 | $48.3M | $20.7M | +74.64% |
| Q2 2023 | 2023-06-30 | $38.6M | $17.1M | +79.25% |
| Q1 2023 | 2023-03-31 | $32.3M | $12.1M | +59.65% |
| Q4 2022 | 2022-12-31 | $27.4M | $14.9M | +119.70% |
| Q3 2022 | 2022-09-30 | $27.7M | $16.9M | +157.27% |
| Q2 2022 | 2022-06-30 | $21.5M | $11.5M | +113.63% |
| Q1 2022 | 2022-03-31 | $20.2M | $12.8M | +171.16% |
| Q4 2021 | 2021-12-31 | $12.5M | — | — |
| Q3 2021 | 2021-09-30 | $10.8M | $7.2M | +200.81% |
| Q2 2021 | 2021-06-30 | $10.1M | — | — |
| Q1 2021 | 2021-03-31 | $7.5M | — | — |
| Q3 2020 | 2020-09-30 | $3.6M | — | — |
IonQ operating expenses trends
Over the last five fiscal years, IonQ's operating expenses increased from $15.7M to $763.7M, a change of $748.0M. The latest reported quarter, Q2 2026, shows $417.3M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review IonQ source filings ↗