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Side-by-side financial comparison of Aurora Innovation, Inc. (AUR) and IonQ, Inc. (IONQ). Click either name above to swap in a different company.

IonQ, Inc. is the larger business by last-quarter revenue ($61.9M vs $1.0M, roughly 61.9× Aurora Innovation, Inc.). IonQ, Inc. runs the higher net margin — 1217.8% vs -20100.0%, a 21317.8% gap on every dollar of revenue. IonQ, Inc. produced more free cash flow last quarter ($-83.3M vs $-157.0M). Over the past eight quarters, IonQ, Inc.'s revenue compounded faster (185.7% CAGR vs -41.2%).

Aurora Innovation, Inc., doing business as Aurora, is a self-driving vehicle technology company based in Pittsburgh, Pennsylvania. Aurora has developed the Aurora Driver, a computer system that can be integrated into cars for autonomous driving. It was co-founded by Chris Urmson, the former chief technology officer of Google/Alphabet Inc.'s self-driving team, which became known as Waymo, as well as by Sterling Anderson, former head of Tesla Autopilot, and Drew Bagnell, former head of Uber's a...

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.

AUR vs IONQ — Head-to-Head

Bigger by revenue
IONQ
IONQ
61.9× larger
IONQ
$61.9M
$1.0M
AUR
Higher net margin
IONQ
IONQ
21317.8% more per $
IONQ
1217.8%
-20100.0%
AUR
More free cash flow
IONQ
IONQ
$73.7M more FCF
IONQ
$-83.3M
$-157.0M
AUR
Faster 2-yr revenue CAGR
IONQ
IONQ
Annualised
IONQ
185.7%
-41.2%
AUR

Income Statement — Q3 2025 vs Q4 2025

Metric
AUR
AUR
IONQ
IONQ
Revenue
$1.0M
$61.9M
Net Profit
$-201.0M
$753.7M
Gross Margin
-500.0%
Operating Margin
-22200.0%
-369.4%
Net Margin
-20100.0%
1217.8%
Revenue YoY
428.5%
Net Profit YoY
3.4%
473.1%
EPS (diluted)
$-0.11
$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
AUR
AUR
IONQ
IONQ
Q4 25
$61.9M
Q3 25
$1.0M
$39.9M
Q2 25
$1.0M
$20.7M
Q1 25
$7.6M
Q4 24
$11.7M
Q3 24
$0
$12.4M
Q2 24
$0
$11.4M
Q1 24
$7.6M
Net Profit
AUR
AUR
IONQ
IONQ
Q4 25
$753.7M
Q3 25
$-201.0M
$-1.1B
Q2 25
$-201.0M
$-176.8M
Q1 25
$-32.3M
Q4 24
$-202.0M
Q3 24
$-208.0M
$-52.5M
Q2 24
$-182.0M
$-37.6M
Q1 24
$-39.6M
Gross Margin
AUR
AUR
IONQ
IONQ
Q4 25
Q3 25
-500.0%
Q2 25
-400.0%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
AUR
AUR
IONQ
IONQ
Q4 25
-369.4%
Q3 25
-22200.0%
-423.5%
Q2 25
-23000.0%
-776.0%
Q1 25
-1000.3%
Q4 24
-661.9%
Q3 24
-428.5%
Q2 24
-430.0%
Q1 24
-697.4%
Net Margin
AUR
AUR
IONQ
IONQ
Q4 25
1217.8%
Q3 25
-20100.0%
-2646.3%
Q2 25
-20100.0%
-854.5%
Q1 25
-426.3%
Q4 24
-1725.0%
Q3 24
-423.4%
Q2 24
-330.0%
Q1 24
-522.2%
EPS (diluted)
AUR
AUR
IONQ
IONQ
Q4 25
$2.60
Q3 25
$-0.11
$-3.58
Q2 25
$-0.11
$-0.70
Q1 25
$-0.14
Q4 24
$-0.95
Q3 24
$-0.13
$-0.24
Q2 24
$-0.12
$-0.18
Q1 24
$-0.19

Balance Sheet & Financial Strength

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

Metric
AUR
AUR
IONQ
IONQ
Cash + ST InvestmentsLiquidity on hand
$87.0M
$2.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$3.8B
Total Assets
$2.5B
$6.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AUR
AUR
IONQ
IONQ
Q4 25
$2.4B
Q3 25
$87.0M
$1.1B
Q2 25
$206.0M
$546.9M
Q1 25
$588.3M
Q4 24
$340.3M
Q3 24
$263.0M
$365.7M
Q2 24
$402.0M
$369.8M
Q1 24
$375.4M
Stockholders' Equity
AUR
AUR
IONQ
IONQ
Q4 25
$3.8B
Q3 25
$2.3B
$2.3B
Q2 25
$2.0B
$1.2B
Q1 25
$765.0M
Q4 24
$383.9M
Q3 24
$2.0B
$435.7M
Q2 24
$1.7B
$463.3M
Q1 24
$479.8M
Total Assets
AUR
AUR
IONQ
IONQ
Q4 25
$6.6B
Q3 25
$2.5B
$4.3B
Q2 25
$2.2B
$1.3B
Q1 25
$850.1M
Q4 24
$508.4M
Q3 24
$2.3B
$497.9M
Q2 24
$1.9B
$517.4M
Q1 24
$543.9M

Cash Flow & Capital Efficiency

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

Metric
AUR
AUR
IONQ
IONQ
Operating Cash FlowLast quarter
$-149.0M
$-74.5M
Free Cash FlowOCF − Capex
$-157.0M
$-83.3M
FCF MarginFCF / Revenue
-15700.0%
-134.6%
Capex IntensityCapex / Revenue
800.0%
14.2%
Cash ConversionOCF / Net Profit
-0.10×
TTM Free Cash FlowTrailing 4 quarters
$-645.0M
$-299.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AUR
AUR
IONQ
IONQ
Q4 25
$-74.5M
Q3 25
$-149.0M
$-123.1M
Q2 25
$-144.0M
$-52.6M
Q1 25
$-33.0M
Q4 24
$-39.4M
Q3 24
$-143.0M
$-19.2M
Q2 24
$-176.0M
$-26.6M
Q1 24
$-20.5M
Free Cash Flow
AUR
AUR
IONQ
IONQ
Q4 25
$-83.3M
Q3 25
$-157.0M
$-127.2M
Q2 25
$-151.0M
$-53.8M
Q1 25
$-35.3M
Q4 24
$-43.0M
Q3 24
$-150.0M
$-23.0M
Q2 24
$-187.0M
$-34.1M
Q1 24
$-23.6M
FCF Margin
AUR
AUR
IONQ
IONQ
Q4 25
-134.6%
Q3 25
-15700.0%
-319.1%
Q2 25
-15100.0%
-259.8%
Q1 25
-467.0%
Q4 24
-367.4%
Q3 24
-185.3%
Q2 24
-299.3%
Q1 24
-311.3%
Capex Intensity
AUR
AUR
IONQ
IONQ
Q4 25
14.2%
Q3 25
800.0%
10.4%
Q2 25
700.0%
5.8%
Q1 25
30.5%
Q4 24
30.7%
Q3 24
30.4%
Q2 24
65.8%
Q1 24
41.4%
Cash Conversion
AUR
AUR
IONQ
IONQ
Q4 25
-0.10×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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