vs
Side-by-side financial comparison of ECARX Holdings Inc. (ECX) and IonQ, Inc. (IONQ). Click either name above to swap in a different company.
ECARX Holdings Inc. is the larger business by last-quarter revenue ($323.3M vs $61.9M, roughly 5.2× IonQ, Inc.). IonQ, Inc. runs the higher net margin — 1217.8% vs -21.4%, a 1239.1% gap on every dollar of revenue. On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs 6.5%). IonQ, Inc. produced more free cash flow last quarter ($-83.3M vs $-86.5M).
ECARX Holdings Inc. is a global mobility technology provider specializing in integrated smart vehicle solutions, including in-vehicle infotainment systems, advanced driver assistance technologies, and connected car cloud services. It primarily partners with automotive manufacturers across the world, with a strong operational presence in the Chinese and European markets.
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.
ECX vs IONQ — Head-to-Head
Income Statement — Q2 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $323.3M | $61.9M |
| Net Profit | $-69.1M | $753.7M |
| Gross Margin | 15.5% | — |
| Operating Margin | -20.2% | -369.4% |
| Net Margin | -21.4% | 1217.8% |
| Revenue YoY | 6.5% | 428.5% |
| Net Profit YoY | 12.8% | 473.1% |
| EPS (diluted) | $-0.20 | $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 | — | $61.9M | ||
| Q3 25 | — | $39.9M | ||
| Q2 25 | $323.3M | $20.7M | ||
| Q1 25 | — | $7.6M | ||
| Q4 24 | — | $11.7M | ||
| Q3 24 | — | $12.4M | ||
| Q2 24 | $303.5M | $11.4M | ||
| Q1 24 | — | $7.6M |
| Q4 25 | — | $753.7M | ||
| Q3 25 | — | $-1.1B | ||
| Q2 25 | $-69.1M | $-176.8M | ||
| Q1 25 | — | $-32.3M | ||
| Q4 24 | — | $-202.0M | ||
| Q3 24 | — | $-52.5M | ||
| Q2 24 | $-79.2M | $-37.6M | ||
| Q1 24 | — | $-39.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 15.5% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 22.6% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -369.4% | ||
| Q3 25 | — | -423.5% | ||
| Q2 25 | -20.2% | -776.0% | ||
| Q1 25 | — | -1000.3% | ||
| Q4 24 | — | -661.9% | ||
| Q3 24 | — | -428.5% | ||
| Q2 24 | -22.2% | -430.0% | ||
| Q1 24 | — | -697.4% |
| Q4 25 | — | 1217.8% | ||
| Q3 25 | — | -2646.3% | ||
| Q2 25 | -21.4% | -854.5% | ||
| Q1 25 | — | -426.3% | ||
| Q4 24 | — | -1725.0% | ||
| Q3 24 | — | -423.4% | ||
| Q2 24 | -26.1% | -330.0% | ||
| Q1 24 | — | -522.2% |
| Q4 25 | — | $2.60 | ||
| Q3 25 | — | $-3.58 | ||
| Q2 25 | $-0.20 | $-0.70 | ||
| Q1 25 | — | $-0.14 | ||
| Q4 24 | — | $-0.95 | ||
| Q3 24 | — | $-0.24 | ||
| Q2 24 | $-0.23 | $-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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $86.2M | $2.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-293.7M | $3.8B |
| Total Assets | $494.9M | $6.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $86.2M | $546.9M | ||
| Q1 25 | — | $588.3M | ||
| Q4 24 | — | $340.3M | ||
| Q3 24 | — | $365.7M | ||
| Q2 24 | $108.4M | $369.8M | ||
| Q1 24 | — | $375.4M |
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | $-293.7M | $1.2B | ||
| Q1 25 | — | $765.0M | ||
| Q4 24 | — | $383.9M | ||
| Q3 24 | — | $435.7M | ||
| Q2 24 | $-198.5M | $463.3M | ||
| Q1 24 | — | $479.8M |
| Q4 25 | — | $6.6B | ||
| Q3 25 | — | $4.3B | ||
| Q2 25 | $494.9M | $1.3B | ||
| Q1 25 | — | $850.1M | ||
| Q4 24 | — | $508.4M | ||
| Q3 24 | — | $497.9M | ||
| Q2 24 | $555.0M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-82.0M | $-74.5M |
| Free Cash FlowOCF − Capex | $-86.5M | $-83.3M |
| FCF MarginFCF / Revenue | -26.7% | -134.6% |
| Capex IntensityCapex / Revenue | 1.4% | 14.2% |
| Cash ConversionOCF / Net Profit | — | -0.10× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-299.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-74.5M | ||
| Q3 25 | — | $-123.1M | ||
| Q2 25 | $-82.0M | $-52.6M | ||
| Q1 25 | — | $-33.0M | ||
| Q4 24 | — | $-39.4M | ||
| Q3 24 | — | $-19.2M | ||
| Q2 24 | $-57.1M | $-26.6M | ||
| Q1 24 | — | $-20.5M |
| Q4 25 | — | $-83.3M | ||
| Q3 25 | — | $-127.2M | ||
| Q2 25 | $-86.5M | $-53.8M | ||
| Q1 25 | — | $-35.3M | ||
| Q4 24 | — | $-43.0M | ||
| Q3 24 | — | $-23.0M | ||
| Q2 24 | $-64.9M | $-34.1M | ||
| Q1 24 | — | $-23.6M |
| Q4 25 | — | -134.6% | ||
| Q3 25 | — | -319.1% | ||
| Q2 25 | -26.7% | -259.8% | ||
| Q1 25 | — | -467.0% | ||
| Q4 24 | — | -367.4% | ||
| Q3 24 | — | -185.3% | ||
| Q2 24 | -21.4% | -299.3% | ||
| Q1 24 | — | -311.3% |
| Q4 25 | — | 14.2% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | 1.4% | 5.8% | ||
| Q1 25 | — | 30.5% | ||
| Q4 24 | — | 30.7% | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | 2.6% | 65.8% | ||
| Q1 24 | — | 41.4% |
| 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.
