vs
Side-by-side financial comparison of Gevo, Inc. (GEVO) 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 $45.3M, roughly 1.4× Gevo, Inc.). IonQ, Inc. runs the higher net margin — 1217.8% vs -13.2%, a 1231.0% gap on every dollar of revenue. On growth, Gevo, Inc. posted the faster year-over-year revenue change (695.6% vs 428.5%). Gevo, Inc. produced more free cash flow last quarter ($8.7M vs $-83.3M).
Gevo, Inc. is an American renewable chemicals and advanced biofuels company headquartered in unincorporated Douglas County, Colorado, in the Denver-Aurora metropolitan area. Gevo operates in the sustainability sector, pursuing a business model based on the concept of the "circular economy". The company develops bio-based alternatives to petroleum-based products using a combination of biotechnology and classical chemistry. Gevo uses the GREET model from Argonne National Laboratory as a basis f...
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.
GEVO vs IONQ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $45.3M | $61.9M |
| Net Profit | $-6.0M | $753.7M |
| Gross Margin | — | — |
| Operating Margin | -4.8% | -369.4% |
| Net Margin | -13.2% | 1217.8% |
| Revenue YoY | 695.6% | 428.5% |
| Net Profit YoY | 65.9% | 473.1% |
| EPS (diluted) | $-0.03 | $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 | $45.3M | $61.9M | ||
| Q3 25 | $42.7M | $39.9M | ||
| Q2 25 | $43.4M | $20.7M | ||
| Q1 25 | $29.1M | — | ||
| Q4 24 | $5.7M | $11.7M | ||
| Q3 24 | $2.0M | $12.4M | ||
| Q2 24 | $5.3M | $11.4M | ||
| Q1 24 | $4.0M | — |
| Q4 25 | $-6.0M | $753.7M | ||
| Q3 25 | $-8.0M | $-1.1B | ||
| Q2 25 | $2.1M | $-176.8M | ||
| Q1 25 | $-21.7M | — | ||
| Q4 24 | $-17.6M | $-202.0M | ||
| Q3 24 | $-21.2M | $-52.5M | ||
| Q2 24 | $-21.0M | $-37.6M | ||
| Q1 24 | $-18.9M | — |
| Q4 25 | -4.8% | -369.4% | ||
| Q3 25 | -8.6% | -423.5% | ||
| Q2 25 | 13.4% | -776.0% | ||
| Q1 25 | -69.2% | — | ||
| Q4 24 | -344.7% | -661.9% | ||
| Q3 24 | -1221.8% | -428.5% | ||
| Q2 24 | -456.8% | -430.0% | ||
| Q1 24 | -580.0% | — |
| Q4 25 | -13.2% | 1217.8% | ||
| Q3 25 | -18.6% | -2646.3% | ||
| Q2 25 | 4.9% | -854.5% | ||
| Q1 25 | -74.6% | — | ||
| Q4 24 | -308.9% | -1725.0% | ||
| Q3 24 | -1076.6% | -423.4% | ||
| Q2 24 | -399.3% | -330.0% | ||
| Q1 24 | -473.1% | — |
| Q4 25 | $-0.03 | $2.60 | ||
| Q3 25 | $-0.03 | $-3.58 | ||
| Q2 25 | $0.01 | $-0.70 | ||
| Q1 25 | $-0.09 | — | ||
| Q4 24 | $-0.08 | $-0.95 | ||
| Q3 24 | $-0.09 | $-0.24 | ||
| Q2 24 | $-0.09 | $-0.18 | ||
| Q1 24 | $-0.08 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $81.2M | $2.4B |
| Total DebtLower is stronger | $164.8M | — |
| Stockholders' EquityBook value | $466.3M | $3.8B |
| Total Assets | $718.9M | $6.6B |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.2M | $2.4B | ||
| Q3 25 | $72.6M | $1.1B | ||
| Q2 25 | $57.3M | $546.9M | ||
| Q1 25 | $65.3M | — | ||
| Q4 24 | $189.4M | $340.3M | ||
| Q3 24 | $223.2M | $365.7M | ||
| Q2 24 | $245.7M | $369.8M | ||
| Q1 24 | $270.6M | — |
| Q4 25 | $164.8M | — | ||
| Q3 25 | $164.5M | — | ||
| Q2 25 | $167.5M | — | ||
| Q1 25 | $167.0M | — | ||
| Q4 24 | $67.1M | — | ||
| Q3 24 | $67.0M | — | ||
| Q2 24 | $66.8M | — | ||
| Q1 24 | $68.3M | — |
| Q4 25 | $466.3M | $3.8B | ||
| Q3 25 | $468.9M | $2.3B | ||
| Q2 25 | $474.1M | $1.2B | ||
| Q1 25 | $469.8M | — | ||
| Q4 24 | $489.5M | $383.9M | ||
| Q3 24 | $504.7M | $435.7M | ||
| Q2 24 | $522.7M | $463.3M | ||
| Q1 24 | $541.9M | — |
| Q4 25 | $718.9M | $6.6B | ||
| Q3 25 | $685.2M | $4.3B | ||
| Q2 25 | $702.1M | $1.3B | ||
| Q1 25 | $677.8M | — | ||
| Q4 24 | $583.9M | $508.4M | ||
| Q3 24 | $583.9M | $497.9M | ||
| Q2 24 | $617.9M | $517.4M | ||
| Q1 24 | $633.6M | — |
| Q4 25 | 0.35× | — | ||
| Q3 25 | 0.35× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.36× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.13× | — | ||
| Q1 24 | 0.13× | — |
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 | $20.0M | $-74.5M |
| Free Cash FlowOCF − Capex | $8.7M | $-83.3M |
| FCF MarginFCF / Revenue | 19.3% | -134.6% |
| Capex IntensityCapex / Revenue | 24.7% | 14.2% |
| Cash ConversionOCF / Net Profit | — | -0.10× |
| TTM Free Cash FlowTrailing 4 quarters | $-43.5M | $-307.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.0M | $-74.5M | ||
| Q3 25 | $-6.8M | $-123.1M | ||
| Q2 25 | $-2.5M | $-52.6M | ||
| Q1 25 | $-24.0M | — | ||
| Q4 24 | $-18.8M | $-39.4M | ||
| Q3 24 | $-11.0M | $-19.2M | ||
| Q2 24 | $-11.4M | $-26.6M | ||
| Q1 24 | $-16.1M | — |
| Q4 25 | $8.7M | $-83.3M | ||
| Q3 25 | $-14.6M | $-127.2M | ||
| Q2 25 | $-7.8M | $-53.8M | ||
| Q1 25 | $-29.9M | — | ||
| Q4 24 | $-33.5M | $-43.0M | ||
| Q3 24 | $-20.8M | $-23.0M | ||
| Q2 24 | $-20.6M | $-34.1M | ||
| Q1 24 | $-33.6M | — |
| Q4 25 | 19.3% | -134.6% | ||
| Q3 25 | -34.2% | -319.1% | ||
| Q2 25 | -17.9% | -259.8% | ||
| Q1 25 | -102.7% | — | ||
| Q4 24 | -587.2% | -367.4% | ||
| Q3 24 | -1057.0% | -185.3% | ||
| Q2 24 | -392.4% | -299.3% | ||
| Q1 24 | -841.9% | — |
| Q4 25 | 24.7% | 14.2% | ||
| Q3 25 | 18.3% | 10.4% | ||
| Q2 25 | 12.1% | 5.8% | ||
| Q1 25 | 20.0% | — | ||
| Q4 24 | 256.6% | 30.7% | ||
| Q3 24 | 496.2% | 30.4% | ||
| Q2 24 | 174.8% | 65.8% | ||
| Q1 24 | 438.9% | — |
| Q4 25 | — | -0.10× | ||
| Q3 25 | — | — | ||
| Q2 25 | -1.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GEVO
Segment breakdown not available.
IONQ
| Other | $31.2M | 50% |
| Platform Consulting And Support Services | $30.7M | 50% |
