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Side-by-side financial comparison of Amalgamated Financial Corp. (AMAL) and IonQ, Inc. (IONQ). Click either name above to swap in a different company.

Amalgamated Financial Corp. is the larger business by last-quarter revenue ($85.2M vs $61.9M, roughly 1.4× IonQ, Inc.). On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs 9.4%). Amalgamated Financial Corp. produced more free cash flow last quarter ($134.4M vs $-83.3M).

CI Financial is a Canadian investment management company based in Toronto, Ontario. It offers investment management and wealth management services targeted to high net worth retail investors, as well as brokerage and trading services to portfolio managers and institutional investors.

IonQ, Inc. is an American quantum computing hardware and software company headquartered in College Park, Maryland. The company develops general-purpose trapped ion quantum computers and accompanying software to generate, optimize, and execute quantum circuits.

AMAL vs IONQ — Head-to-Head

Bigger by revenue
AMAL
AMAL
1.4× larger
AMAL
$85.2M
$61.9M
IONQ
Growing faster (revenue YoY)
IONQ
IONQ
+419.1% gap
IONQ
428.5%
9.4%
AMAL
More free cash flow
AMAL
AMAL
$217.7M more FCF
AMAL
$134.4M
$-83.3M
IONQ

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMAL
AMAL
IONQ
IONQ
Revenue
$85.2M
$61.9M
Net Profit
$753.7M
Gross Margin
Operating Margin
39.0%
-369.4%
Net Margin
1217.8%
Revenue YoY
9.4%
428.5%
Net Profit YoY
473.1%
EPS (diluted)
$0.88
$2.60

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMAL
AMAL
IONQ
IONQ
Q4 25
$85.2M
$61.9M
Q3 25
$85.6M
$39.9M
Q2 25
$80.9M
$20.7M
Q1 25
$77.0M
Q4 24
$77.9M
$11.7M
Q3 24
$81.0M
$12.4M
Q2 24
$78.5M
$11.4M
Q1 24
$78.3M
Net Profit
AMAL
AMAL
IONQ
IONQ
Q4 25
$753.7M
Q3 25
$26.8M
$-1.1B
Q2 25
$26.0M
$-176.8M
Q1 25
$25.0M
Q4 24
$-202.0M
Q3 24
$27.9M
$-52.5M
Q2 24
$26.8M
$-37.6M
Q1 24
$27.2M
Operating Margin
AMAL
AMAL
IONQ
IONQ
Q4 25
39.0%
-369.4%
Q3 25
42.9%
-423.5%
Q2 25
43.8%
-776.0%
Q1 25
45.1%
Q4 24
42.4%
-661.9%
Q3 24
47.2%
-428.5%
Q2 24
45.6%
-430.0%
Q1 24
49.2%
Net Margin
AMAL
AMAL
IONQ
IONQ
Q4 25
1217.8%
Q3 25
31.3%
-2646.3%
Q2 25
32.1%
-854.5%
Q1 25
32.5%
Q4 24
-1725.0%
Q3 24
34.5%
-423.4%
Q2 24
34.1%
-330.0%
Q1 24
34.8%
EPS (diluted)
AMAL
AMAL
IONQ
IONQ
Q4 25
$0.88
$2.60
Q3 25
$0.88
$-3.58
Q2 25
$0.84
$-0.70
Q1 25
$0.81
Q4 24
$0.78
$-0.95
Q3 24
$0.90
$-0.24
Q2 24
$0.87
$-0.18
Q1 24
$0.89

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMAL
AMAL
IONQ
IONQ
Cash + ST InvestmentsLiquidity on hand
$291.2M
$2.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$794.5M
$3.8B
Total Assets
$8.9B
$6.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMAL
AMAL
IONQ
IONQ
Q4 25
$291.2M
$2.4B
Q3 25
$115.5M
$1.1B
Q2 25
$171.1M
$546.9M
Q1 25
$65.7M
Q4 24
$60.7M
$340.3M
Q3 24
$149.2M
$365.7M
Q2 24
$58.0M
$369.8M
Q1 24
$155.2M
Stockholders' Equity
AMAL
AMAL
IONQ
IONQ
Q4 25
$794.5M
$3.8B
Q3 25
$775.6M
$2.3B
Q2 25
$754.0M
$1.2B
Q1 25
$736.0M
Q4 24
$707.7M
$383.9M
Q3 24
$698.2M
$435.7M
Q2 24
$646.0M
$463.3M
Q1 24
$616.8M
Total Assets
AMAL
AMAL
IONQ
IONQ
Q4 25
$8.9B
$6.6B
Q3 25
$8.7B
$4.3B
Q2 25
$8.6B
$1.3B
Q1 25
$8.3B
Q4 24
$8.3B
$508.4M
Q3 24
$8.4B
$497.9M
Q2 24
$8.3B
$517.4M
Q1 24
$8.1B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMAL
AMAL
IONQ
IONQ
Operating Cash FlowLast quarter
$135.8M
$-74.5M
Free Cash FlowOCF − Capex
$134.4M
$-83.3M
FCF MarginFCF / Revenue
157.8%
-134.6%
Capex IntensityCapex / Revenue
1.6%
14.2%
Cash ConversionOCF / Net Profit
-0.10×
TTM Free Cash FlowTrailing 4 quarters
$229.4M
$-307.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMAL
AMAL
IONQ
IONQ
Q4 25
$135.8M
$-74.5M
Q3 25
$39.5M
$-123.1M
Q2 25
$24.9M
$-52.6M
Q1 25
$34.2M
Q4 24
$124.1M
$-39.4M
Q3 24
$35.8M
$-19.2M
Q2 24
$28.0M
$-26.6M
Q1 24
$31.3M
Free Cash Flow
AMAL
AMAL
IONQ
IONQ
Q4 25
$134.4M
$-83.3M
Q3 25
$38.3M
$-127.2M
Q2 25
$24.2M
$-53.8M
Q1 25
$32.5M
Q4 24
$122.3M
$-43.0M
Q3 24
$35.2M
$-23.0M
Q2 24
$27.8M
$-34.1M
Q1 24
$31.1M
FCF Margin
AMAL
AMAL
IONQ
IONQ
Q4 25
157.8%
-134.6%
Q3 25
44.7%
-319.1%
Q2 25
29.9%
-259.8%
Q1 25
42.2%
Q4 24
157.0%
-367.4%
Q3 24
43.4%
-185.3%
Q2 24
35.4%
-299.3%
Q1 24
39.7%
Capex Intensity
AMAL
AMAL
IONQ
IONQ
Q4 25
1.6%
14.2%
Q3 25
1.4%
10.4%
Q2 25
0.9%
5.8%
Q1 25
2.3%
Q4 24
2.3%
30.7%
Q3 24
0.7%
30.4%
Q2 24
0.3%
65.8%
Q1 24
0.3%
Cash Conversion
AMAL
AMAL
IONQ
IONQ
Q4 25
-0.10×
Q3 25
1.47×
Q2 25
0.96×
Q1 25
1.37×
Q4 24
Q3 24
1.28×
Q2 24
1.05×
Q1 24
1.15×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMAL
AMAL

Segment breakdown not available.

IONQ
IONQ

Other$31.2M50%
Platform Consulting And Support Services$30.7M50%

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