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Side-by-side financial comparison of Finwise Bancorp (FINW) 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 $42.7M, roughly 1.4× Finwise Bancorp). IonQ, Inc. runs the higher net margin — 1217.8% vs 6.4%, a 1211.3% gap on every dollar of revenue.
Finwise Bancorp is a U.S.-based financial holding company that operates primarily through its community banking subsidiary. It offers a full suite of retail and commercial financial services, including deposit accounts, personal loans, mortgage products, small business financing, and wealth management solutions, serving local retail consumers and small to medium-sized business clients across its regional operating 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.
FINW vs IONQ — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $42.7M | $61.9M |
| Net Profit | $2.7M | $753.7M |
| Gross Margin | — | — |
| Operating Margin | — | -369.4% |
| Net Margin | 6.4% | 1217.8% |
| Revenue YoY | — | 428.5% |
| Net Profit YoY | — | 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.
| Q1 26 | $42.7M | — | ||
| Q4 25 | $46.9M | $61.9M | ||
| Q3 25 | $36.7M | $39.9M | ||
| Q2 25 | $25.1M | $20.7M | ||
| Q1 25 | $22.1M | — | ||
| Q4 24 | $21.1M | $11.7M | ||
| Q3 24 | $20.8M | $12.4M | ||
| Q2 24 | $19.8M | $11.4M |
| Q1 26 | $2.7M | — | ||
| Q4 25 | $3.9M | $753.7M | ||
| Q3 25 | $4.9M | $-1.1B | ||
| Q2 25 | $4.1M | $-176.8M | ||
| Q1 25 | $3.2M | — | ||
| Q4 24 | $2.8M | $-202.0M | ||
| Q3 24 | $3.5M | $-52.5M | ||
| Q2 24 | $3.2M | $-37.6M |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | -369.4% | ||
| Q3 25 | 17.5% | -423.5% | ||
| Q2 25 | 21.7% | -776.0% | ||
| Q1 25 | 20.1% | — | ||
| Q4 24 | 17.5% | -661.9% | ||
| Q3 24 | 22.2% | -428.5% | ||
| Q2 24 | 21.1% | -430.0% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 8.4% | 1217.8% | ||
| Q3 25 | 13.3% | -2646.3% | ||
| Q2 25 | 16.3% | -854.5% | ||
| Q1 25 | 14.4% | — | ||
| Q4 24 | 13.2% | -1725.0% | ||
| Q3 24 | 16.6% | -423.4% | ||
| Q2 24 | 16.1% | -330.0% |
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.27 | $2.60 | ||
| Q3 25 | $0.34 | $-3.58 | ||
| Q2 25 | $0.29 | $-0.70 | ||
| Q1 25 | $0.23 | — | ||
| Q4 24 | $0.19 | $-0.95 | ||
| Q3 24 | $0.25 | $-0.24 | ||
| Q2 24 | $0.24 | $-0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $2.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $196.6M | $3.8B |
| Total Assets | $899.4M | $6.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $163.4M | $2.4B | ||
| Q3 25 | $105.6M | $1.1B | ||
| Q2 25 | $90.1M | $546.9M | ||
| Q1 25 | $120.3M | — | ||
| Q4 24 | $109.2M | $340.3M | ||
| Q3 24 | $85.8M | $365.7M | ||
| Q2 24 | $89.0M | $369.8M |
| Q1 26 | $196.6M | — | ||
| Q4 25 | $193.2M | $3.8B | ||
| Q3 25 | $187.8M | $2.3B | ||
| Q2 25 | $182.0M | $1.2B | ||
| Q1 25 | $177.4M | — | ||
| Q4 24 | $173.7M | $383.9M | ||
| Q3 24 | $170.4M | $435.7M | ||
| Q2 24 | $165.8M | $463.3M |
| Q1 26 | $899.4M | — | ||
| Q4 25 | $977.1M | $6.6B | ||
| Q3 25 | $899.9M | $4.3B | ||
| Q2 25 | $842.5M | $1.3B | ||
| Q1 25 | $804.1M | — | ||
| Q4 24 | $746.0M | $508.4M | ||
| Q3 24 | $683.0M | $497.9M | ||
| Q2 24 | $617.8M | $517.4M |
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 | — | $-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.
| Q1 26 | — | — | ||
| Q4 25 | $-28.4M | $-74.5M | ||
| Q3 25 | $3.5M | $-123.1M | ||
| Q2 25 | $-18.3M | $-52.6M | ||
| Q1 25 | $-21.6M | — | ||
| Q4 24 | $-15.0M | $-39.4M | ||
| Q3 24 | $-9.8M | $-19.2M | ||
| Q2 24 | $-7.6M | $-26.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-28.6M | $-83.3M | ||
| Q3 25 | $3.4M | $-127.2M | ||
| Q2 25 | $-19.8M | $-53.8M | ||
| Q1 25 | $-23.3M | — | ||
| Q4 24 | $-16.1M | $-43.0M | ||
| Q3 24 | $-13.4M | $-23.0M | ||
| Q2 24 | $-7.7M | $-34.1M |
| Q1 26 | — | — | ||
| Q4 25 | -61.1% | -134.6% | ||
| Q3 25 | 9.4% | -319.1% | ||
| Q2 25 | -79.0% | -259.8% | ||
| Q1 25 | -105.3% | — | ||
| Q4 24 | -76.0% | -367.4% | ||
| Q3 24 | -64.3% | -185.3% | ||
| Q2 24 | -38.7% | -299.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 14.2% | ||
| Q3 25 | 0.1% | 10.4% | ||
| Q2 25 | 5.8% | 5.8% | ||
| Q1 25 | 7.4% | — | ||
| Q4 24 | 5.1% | 30.7% | ||
| Q3 24 | 17.2% | 30.4% | ||
| Q2 24 | 0.3% | 65.8% |
| Q1 26 | — | — | ||
| Q4 25 | -7.26× | -0.10× | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | -4.48× | — | ||
| Q1 25 | -6.78× | — | ||
| Q4 24 | -5.37× | — | ||
| Q3 24 | -2.84× | — | ||
| Q2 24 | -2.39× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FINW
| Net Interest Income | $28.1M | 66% |
| Noninterest Income | $14.6M | 34% |
IONQ
| Other | $31.2M | 50% |
| Platform Consulting And Support Services | $30.7M | 50% |
