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Side-by-side financial comparison of Primis Financial Corp. (FRST) 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 $45.6M, roughly 1.4× Primis Financial Corp.). IonQ, Inc. runs the higher net margin — 1217.8% vs 16.0%, a 1201.7% gap on every dollar of revenue.
Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.
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.
FRST vs IONQ — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $45.6M | $61.9M |
| Net Profit | $7.3M | $753.7M |
| Gross Margin | — | — |
| Operating Margin | — | -369.4% |
| Net Margin | 16.0% | 1217.8% |
| Revenue YoY | — | 428.5% |
| Net Profit YoY | 200.0% | 473.1% |
| EPS (diluted) | $0.30 | $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 | $45.6M | — | ||
| Q4 25 | $80.9M | $61.9M | ||
| Q3 25 | $41.0M | $39.9M | ||
| Q2 25 | $43.2M | $20.7M | ||
| Q1 25 | $58.7M | — | ||
| Q4 24 | $38.8M | $11.7M | ||
| Q3 24 | $37.3M | $12.4M | ||
| Q2 24 | $35.7M | $11.4M |
| Q1 26 | $7.3M | — | ||
| Q4 25 | $29.5M | $753.7M | ||
| Q3 25 | $6.8M | $-1.1B | ||
| Q2 25 | $2.4M | $-176.8M | ||
| Q1 25 | $22.6M | — | ||
| Q4 24 | $-26.2M | $-202.0M | ||
| Q3 24 | $1.2M | $-52.5M | ||
| Q2 24 | $3.4M | $-37.6M |
| Q1 26 | — | — | ||
| Q4 25 | 44.8% | -369.4% | ||
| Q3 25 | 21.3% | -423.5% | ||
| Q2 25 | 6.9% | -776.0% | ||
| Q1 25 | 41.9% | — | ||
| Q4 24 | -123.0% | -661.9% | ||
| Q3 24 | -3.1% | -428.5% | ||
| Q2 24 | 7.8% | -430.0% |
| Q1 26 | 16.0% | — | ||
| Q4 25 | 36.5% | 1217.8% | ||
| Q3 25 | 16.7% | -2646.3% | ||
| Q2 25 | 5.6% | -854.5% | ||
| Q1 25 | 38.6% | — | ||
| Q4 24 | -100.3% | -1725.0% | ||
| Q3 24 | 3.3% | -423.4% | ||
| Q2 24 | 9.6% | -330.0% |
| Q1 26 | $0.30 | — | ||
| Q4 25 | $1.19 | $2.60 | ||
| Q3 25 | $0.28 | $-3.58 | ||
| Q2 25 | $0.10 | $-0.70 | ||
| Q1 25 | $0.92 | — | ||
| Q4 24 | $-0.95 | $-0.95 | ||
| Q3 24 | $0.05 | $-0.24 | ||
| Q2 24 | $0.14 | $-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 | $159.9M | $2.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $427.2M | $3.8B |
| Total Assets | $4.3B | $6.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $159.9M | — | ||
| Q4 25 | $143.6M | $2.4B | ||
| Q3 25 | $63.9M | $1.1B | ||
| Q2 25 | $94.1M | $546.9M | ||
| Q1 25 | $57.0M | — | ||
| Q4 24 | $64.5M | $340.3M | ||
| Q3 24 | $77.3M | $365.7M | ||
| Q2 24 | $66.6M | $369.8M |
| Q1 26 | $427.2M | — | ||
| Q4 25 | $422.9M | $3.8B | ||
| Q3 25 | $382.2M | $2.3B | ||
| Q2 25 | $376.4M | $1.2B | ||
| Q1 25 | $375.6M | — | ||
| Q4 24 | $351.8M | $383.9M | ||
| Q3 24 | $381.0M | $435.7M | ||
| Q2 24 | $376.0M | $463.3M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.0B | $6.6B | ||
| Q3 25 | $4.0B | $4.3B | ||
| Q2 25 | $3.9B | $1.3B | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $3.7B | $508.4M | ||
| Q3 24 | $4.0B | $497.9M | ||
| Q2 24 | $4.0B | $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 | $10.8M | $-74.5M | ||
| Q3 25 | $-11.4M | $-123.1M | ||
| Q2 25 | $-41.0M | $-52.6M | ||
| Q1 25 | $34.4M | — | ||
| Q4 24 | $19.5M | $-39.4M | ||
| Q3 24 | $6.1M | $-19.2M | ||
| Q2 24 | $52.3M | $-26.6M |
| Q1 26 | — | — | ||
| Q4 25 | $9.0M | $-83.3M | ||
| Q3 25 | — | $-127.2M | ||
| Q2 25 | — | $-53.8M | ||
| Q1 25 | — | — | ||
| Q4 24 | $18.3M | $-43.0M | ||
| Q3 24 | — | $-23.0M | ||
| Q2 24 | — | $-34.1M |
| Q1 26 | — | — | ||
| Q4 25 | 11.2% | -134.6% | ||
| Q3 25 | — | -319.1% | ||
| Q2 25 | — | -259.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.3% | -367.4% | ||
| Q3 24 | — | -185.3% | ||
| Q2 24 | — | -299.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 14.2% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.1% | 30.7% | ||
| Q3 24 | 0.0% | 30.4% | ||
| Q2 24 | 0.0% | 65.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.36× | -0.10× | ||
| Q3 25 | -1.67× | — | ||
| Q2 25 | -16.82× | — | ||
| Q1 25 | 1.52× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.93× | — | ||
| Q2 24 | 15.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRST
| Net Interest Income | $32.1M | 70% |
| Noninterest Income | $13.6M | 30% |
IONQ
| Other | $31.2M | 50% |
| Platform Consulting And Support Services | $30.7M | 50% |
