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Side-by-side financial comparison of First Foundation Inc. (FFWM) 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 $48.4M, roughly 1.3× First Foundation Inc.). IonQ, Inc. runs the higher net margin — 1217.8% vs -97.9%, a 1315.6% gap on every dollar of revenue. On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs 421.7%). First Foundation Inc. produced more free cash flow last quarter ($-35.2M vs $-83.3M).
John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.
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.
FFWM vs IONQ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $61.9M |
| Net Profit | $-8.0M | $753.7M |
| Gross Margin | — | — |
| Operating Margin | -97.5% | -369.4% |
| Net Margin | -97.9% | 1217.8% |
| Revenue YoY | 421.7% | 428.5% |
| Net Profit YoY | 43.0% | 473.1% |
| EPS (diluted) | $-0.09 | $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 | $48.4M | $61.9M | ||
| Q3 25 | $63.6M | $39.9M | ||
| Q2 25 | $51.4M | $20.7M | ||
| Q1 25 | $71.4M | — | ||
| Q4 24 | $9.3M | $11.7M | ||
| Q3 24 | $9.2M | $12.4M | ||
| Q2 24 | $57.5M | $11.4M | ||
| Q1 24 | $51.1M | — |
| Q4 25 | $-8.0M | $753.7M | ||
| Q3 25 | $-146.3M | $-1.1B | ||
| Q2 25 | $-7.7M | $-176.8M | ||
| Q1 25 | $6.9M | — | ||
| Q4 24 | $-14.1M | $-202.0M | ||
| Q3 24 | $-82.2M | $-52.5M | ||
| Q2 24 | $3.1M | $-37.6M | ||
| Q1 24 | $793.0K | — |
| Q4 25 | -97.5% | -369.4% | ||
| Q3 25 | -92.7% | -423.5% | ||
| Q2 25 | -21.1% | -776.0% | ||
| Q1 25 | 8.8% | — | ||
| Q4 24 | -247.7% | -661.9% | ||
| Q3 24 | -1276.7% | -428.5% | ||
| Q2 24 | 4.6% | -430.0% | ||
| Q1 24 | -0.2% | — |
| Q4 25 | -97.9% | 1217.8% | ||
| Q3 25 | -230.1% | -2646.3% | ||
| Q2 25 | -15.0% | -854.5% | ||
| Q1 25 | 9.7% | — | ||
| Q4 24 | -152.2% | -1725.0% | ||
| Q3 24 | -896.9% | -423.4% | ||
| Q2 24 | 5.4% | -330.0% | ||
| Q1 24 | 1.6% | — |
| Q4 25 | $-0.09 | $2.60 | ||
| Q3 25 | $-1.78 | $-3.58 | ||
| Q2 25 | $-0.09 | $-0.70 | ||
| Q1 25 | $0.08 | — | ||
| Q4 24 | $-0.24 | $-0.95 | ||
| Q3 24 | $-1.23 | $-0.24 | ||
| Q2 24 | $0.05 | $-0.18 | ||
| Q1 24 | $0.01 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.6B | $2.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $912.6M | $3.8B |
| Total Assets | $11.9B | $6.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $2.4B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.1B | $546.9M | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | $340.3M | ||
| Q3 24 | $1.1B | $365.7M | ||
| Q2 24 | $1.4B | $369.8M | ||
| Q1 24 | $1.6B | — |
| Q4 25 | $912.6M | $3.8B | ||
| Q3 25 | $917.9M | $2.3B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | $383.9M | ||
| Q3 24 | $1.1B | $435.7M | ||
| Q2 24 | $933.2M | $463.3M | ||
| Q1 24 | $928.7M | — |
| Q4 25 | $11.9B | $6.6B | ||
| Q3 25 | $11.9B | $4.3B | ||
| Q2 25 | $11.6B | $1.3B | ||
| Q1 25 | $12.6B | — | ||
| Q4 24 | $12.6B | $508.4M | ||
| Q3 24 | $13.4B | $497.9M | ||
| Q2 24 | $13.7B | $517.4M | ||
| Q1 24 | $13.6B | — |
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 | $-31.9M | $-74.5M |
| Free Cash FlowOCF − Capex | $-35.2M | $-83.3M |
| FCF MarginFCF / Revenue | -72.8% | -134.6% |
| Capex IntensityCapex / Revenue | 6.9% | 14.2% |
| Cash ConversionOCF / Net Profit | — | -0.10× |
| TTM Free Cash FlowTrailing 4 quarters | $-45.9M | $-307.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.9M | $-74.5M | ||
| Q3 25 | $9.2M | $-123.1M | ||
| Q2 25 | $-16.3M | $-52.6M | ||
| Q1 25 | $-552.0K | — | ||
| Q4 24 | $-8.7M | $-39.4M | ||
| Q3 24 | $14.2M | $-19.2M | ||
| Q2 24 | $-9.1M | $-26.6M | ||
| Q1 24 | $7.2M | — |
| Q4 25 | $-35.2M | $-83.3M | ||
| Q3 25 | $8.6M | $-127.2M | ||
| Q2 25 | $-16.7M | $-53.8M | ||
| Q1 25 | $-2.5M | — | ||
| Q4 24 | $-11.4M | $-43.0M | ||
| Q3 24 | $13.4M | $-23.0M | ||
| Q2 24 | $-9.4M | $-34.1M | ||
| Q1 24 | $5.9M | — |
| Q4 25 | -72.8% | -134.6% | ||
| Q3 25 | 13.5% | -319.1% | ||
| Q2 25 | -32.4% | -259.8% | ||
| Q1 25 | -3.5% | — | ||
| Q4 24 | -123.5% | -367.4% | ||
| Q3 24 | 146.2% | -185.3% | ||
| Q2 24 | -16.3% | -299.3% | ||
| Q1 24 | 11.6% | — |
| Q4 25 | 6.9% | 14.2% | ||
| Q3 25 | 1.0% | 10.4% | ||
| Q2 25 | 0.8% | 5.8% | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 29.4% | 30.7% | ||
| Q3 24 | 9.0% | 30.4% | ||
| Q2 24 | 0.4% | 65.8% | ||
| Q1 24 | 2.5% | — |
| Q4 25 | — | -0.10× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.08× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -2.96× | — | ||
| Q1 24 | 9.09× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFWM
Segment breakdown not available.
IONQ
| Other | $31.2M | 50% |
| Platform Consulting And Support Services | $30.7M | 50% |
