Quarterly ResultMay 7, 2026, 04:14 PM
IonQ Q1 Revenue Jumps 754% to $64.7M; Net Income $804.6M
AI Summary
IonQ reported a significant financial turnaround for Q1 2026, with revenue soaring by 754% to $64.7 million and achieving a net income of $804.6 million, compared to a net loss in the prior year. This substantial net income was primarily driven by a $1.06 billion gain on the change in fair value of warrant liabilities. The company also saw increased operating expenses, particularly in research and development, sales and marketing, and general and administrative areas, reflecting continued investment and expansion, including acquisitions.
Key Highlights
- Q1 2026 Revenue surged 754% to $64.7 million from $7.6 million year-over-year.
- Net income reached $804.6 million in Q1 2026, a significant turnaround from a $32.3 million net loss.
- Basic EPS was $2.19, compared to $(0.14) in the prior year period.
- Net income was significantly boosted by a $1.06 billion gain on warrant liabilities.
- Total assets increased to $6.69 billion as of March 31, 2026.
- Research and development expenses rose 214.7% to $125.7 million.
- Net cash used in operating activities was $(151.0) million, up from $(33.0) million.
- Non-cash equity issued for acquisitions amounted to $164.6 million.
Price Impact
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