IonQ vs D-Wave Quantum: Revenue Comparison
IonQ (IONQ) and D-Wave Quantum (QBTS) are peers in Quantum. IonQ reported revenue of $65M as of Q1 2026, compared with $3M for D-Wave Quantum. IonQ leads on revenue.
IonQ's gross margin is 23.8% versus 63.6% for D-Wave Quantum. IonQ's net margin is 1245.4% versus -642.3% for D-Wave Quantum.
Revenue Comparison
Chart: Revenue Comparison. Values in USD_BILLIONS. In Q1 2026: IonQ 0.065, D-Wave Quantum 0.003.
Latest Quarter Comparison
Table: Latest Quarter Comparison. 15 rows across Metric, IonQ, D-Wave Quantum.| Metric | IonQ | D-Wave Quantum |
|---|---|---|
| Market Cap | - | - |
| Revenue | $65.00M | $3.00M |
| Cost of Revenue | $49.00M | $1.00M |
| Gross Profit | $15.00M | $2.00M |
| Operating Income | $-272.00M | $-55.00M |
| Net Income | $805.00M | $-18.00M |
| R&D Expense | $126.00M | $26.00M |
| Earnings Per Share | $2.07 | -$0.05 |
| Gross Margin | 23.8% | 63.6% |
| Operating Margin | -419.9% | -1914.9% |
| Net Profit Margin | 1245.4% | -642.3% |
| Free Cash Flow | $-159.00M | $-46.00M |
| Cumulative Free Cash Flow | $-801.00M | $-311.00M |
| Operating Cash Flow | $-151.00M | $-45.00M |
| Cash & Equivalents | $494.00M | $338.00M |