IonQ vs Xanadu: Revenue Comparison

IonQ (IONQ) and Xanadu (XNDU) are peers in Quantum. IonQ reported revenue of $65M as of Q1 2026, compared with $3M for Xanadu. IonQ leads on revenue.

IonQ's gross margin is 23.8% versus 96.0% for Xanadu. IonQ's net margin is 1245.4% versus -727.5% for Xanadu.

IonQ logo
IonQ
Xanadu logo
Xanadu

Revenue Comparison

Chart: Revenue Comparison. Values in USD_BILLIONS. In Q1 2026: IonQ 0.065, Xanadu 0.003.

Latest Quarter Comparison

Table: Latest Quarter Comparison. 15 rows across Metric, IonQ, Xanadu.
MetricIonQXanadu
Market Cap--
Revenue$65.00M$3.00M
Cost of Revenue$49.00M$0
Gross Profit$15.00M$3.00M
Operating Income$-272.00M$-23.00M
Net Income$805.00M$-21.00M
R&D Expense$126.00M$17.00M
Earnings Per Share$2.07-$0.69
Gross Margin23.8%96.0%
Operating Margin-419.9%-821.6%
Net Profit Margin1245.4%-727.5%
Free Cash Flow$-159.00M$-8.00M
Cumulative Free Cash Flow$-801.00M$-24.00M
Operating Cash Flow$-151.00M$-7.00M
Cash & Equivalents$494.00M$272.00M

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