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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) 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 $43.5M, roughly 1.4× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 428.5%).
Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.
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.
DX vs IONQ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.5M | $61.9M |
| Net Profit | — | $753.7M |
| Gross Margin | — | — |
| Operating Margin | — | -369.4% |
| Net Margin | — | 1217.8% |
| Revenue YoY | 531.3% | 428.5% |
| Net Profit YoY | — | 473.1% |
| EPS (diluted) | $1.59 | $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.
| Q4 25 | $43.5M | $61.9M | ||
| Q3 25 | $30.6M | $39.9M | ||
| Q2 25 | $23.1M | $20.7M | ||
| Q1 25 | $17.1M | — | ||
| Q4 24 | — | $11.7M | ||
| Q3 24 | — | $12.4M | ||
| Q2 24 | — | $11.4M | ||
| Q1 24 | $-3.2M | — |
| Q4 25 | — | $753.7M | ||
| Q3 25 | $150.4M | $-1.1B | ||
| Q2 25 | $-13.6M | $-176.8M | ||
| Q1 25 | $-3.1M | — | ||
| Q4 24 | — | $-202.0M | ||
| Q3 24 | — | $-52.5M | ||
| Q2 24 | — | $-37.6M | ||
| Q1 24 | $40.1M | — |
| Q4 25 | — | -369.4% | ||
| Q3 25 | — | -423.5% | ||
| Q2 25 | — | -776.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -661.9% | ||
| Q3 24 | — | -428.5% | ||
| Q2 24 | — | -430.0% | ||
| Q1 24 | — | — |
| Q4 25 | — | 1217.8% | ||
| Q3 25 | 491.3% | -2646.3% | ||
| Q2 25 | -58.8% | -854.5% | ||
| Q1 25 | -18.0% | — | ||
| Q4 24 | — | -1725.0% | ||
| Q3 24 | — | -423.4% | ||
| Q2 24 | — | -330.0% | ||
| Q1 24 | -1256.8% | — |
| Q4 25 | $1.59 | $2.60 | ||
| Q3 25 | $1.08 | $-3.58 | ||
| Q2 25 | $-0.14 | $-0.70 | ||
| Q1 25 | $-0.06 | — | ||
| Q4 24 | — | $-0.95 | ||
| Q3 24 | — | $-0.24 | ||
| Q2 24 | — | $-0.18 | ||
| Q1 24 | $0.64 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $531.0M | $2.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $3.8B |
| Total Assets | $17.3B | $6.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $531.0M | $2.4B | ||
| Q3 25 | $491.0M | $1.1B | ||
| Q2 25 | $387.5M | $546.9M | ||
| Q1 25 | $327.4M | — | ||
| Q4 24 | — | $340.3M | ||
| Q3 24 | — | $365.7M | ||
| Q2 24 | — | $369.8M | ||
| Q1 24 | $295.7M | — |
| Q4 25 | $2.5B | $3.8B | ||
| Q3 25 | $2.0B | $2.3B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | — | $383.9M | ||
| Q3 24 | — | $435.7M | ||
| Q2 24 | — | $463.3M | ||
| Q1 24 | $958.5M | — |
| Q4 25 | $17.3B | $6.6B | ||
| Q3 25 | $14.2B | $4.3B | ||
| Q2 25 | $11.3B | $1.3B | ||
| Q1 25 | $9.0B | — | ||
| Q4 24 | — | $508.4M | ||
| Q3 24 | — | $497.9M | ||
| Q2 24 | — | $517.4M | ||
| Q1 24 | $6.3B | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $120.8M | $-74.5M |
| Free Cash FlowOCF − Capex | — | $-83.3M |
| FCF MarginFCF / Revenue | — | -134.6% |
| Capex IntensityCapex / Revenue | — | 14.2% |
| Cash ConversionOCF / Net Profit | — | -0.10× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-307.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.8M | $-74.5M | ||
| Q3 25 | $68.3M | $-123.1M | ||
| Q2 25 | $31.9M | $-52.6M | ||
| Q1 25 | $6.4M | — | ||
| Q4 24 | — | $-39.4M | ||
| Q3 24 | — | $-19.2M | ||
| Q2 24 | — | $-26.6M | ||
| Q1 24 | $-17.1M | — |
| Q4 25 | — | $-83.3M | ||
| Q3 25 | — | $-127.2M | ||
| Q2 25 | — | $-53.8M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-43.0M | ||
| Q3 24 | — | $-23.0M | ||
| Q2 24 | — | $-34.1M | ||
| Q1 24 | — | — |
| Q4 25 | — | -134.6% | ||
| Q3 25 | — | -319.1% | ||
| Q2 25 | — | -259.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -367.4% | ||
| Q3 24 | — | -185.3% | ||
| Q2 24 | — | -299.3% | ||
| Q1 24 | — | — |
| Q4 25 | — | 14.2% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 30.7% | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | — | 65.8% | ||
| Q1 24 | — | — |
| Q4 25 | — | -0.10× | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.43× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DX
Segment breakdown not available.
IONQ
| Other | $31.2M | 50% |
| Platform Consulting And Support Services | $30.7M | 50% |
