vs
Side-by-side financial comparison of GLADSTONE COMMERCIAL CORP (GOOD) 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 $41.9M, roughly 1.5× GLADSTONE COMMERCIAL CORP). IonQ, Inc. runs the higher net margin — 1217.8% vs 16.6%, a 1201.1% gap on every dollar of revenue. On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs -3.6%).
Gladstone Commercial Corp is a publicly traded US real estate investment trust focused on acquiring, owning, and operating diversified industrial and commercial properties. It offers long-term net lease agreements to tenants across manufacturing, logistics, healthcare and professional services sectors, mainly serving small to mid-sized business clients.
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.
GOOD vs IONQ — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $41.9M | $61.9M |
| Net Profit | $7.0M | $753.7M |
| Gross Margin | — | — |
| Operating Margin | 160.2% | -369.4% |
| Net Margin | 16.6% | 1217.8% |
| Revenue YoY | -3.6% | 428.5% |
| Net Profit YoY | 29.5% | 473.1% |
| EPS (diluted) | — | $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 | $41.9M | — | ||
| Q4 25 | $43.5M | $61.9M | ||
| Q3 25 | $40.8M | $39.9M | ||
| Q2 25 | $39.5M | $20.7M | ||
| Q1 25 | $37.5M | — | ||
| Q4 24 | $37.4M | $11.7M | ||
| Q3 24 | $39.2M | $12.4M | ||
| Q2 24 | $37.1M | $11.4M |
| Q1 26 | $7.0M | — | ||
| Q4 25 | $5.4M | $753.7M | ||
| Q3 25 | $4.1M | $-1.1B | ||
| Q2 25 | $4.6M | $-176.8M | ||
| Q1 25 | $5.1M | — | ||
| Q4 24 | $7.2M | $-202.0M | ||
| Q3 24 | $11.7M | $-52.5M | ||
| Q2 24 | $1.6M | $-37.6M |
| Q1 26 | 160.2% | — | ||
| Q4 25 | — | -369.4% | ||
| Q3 25 | — | -423.5% | ||
| Q2 25 | — | -776.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -661.9% | ||
| Q3 24 | — | -428.5% | ||
| Q2 24 | — | -430.0% |
| Q1 26 | 16.6% | — | ||
| Q4 25 | 12.4% | 1217.8% | ||
| Q3 25 | 10.1% | -2646.3% | ||
| Q2 25 | 11.7% | -854.5% | ||
| Q1 25 | 13.7% | — | ||
| Q4 24 | 19.2% | -1725.0% | ||
| Q3 24 | 29.8% | -423.4% | ||
| Q2 24 | 4.3% | -330.0% |
| Q1 26 | — | — | ||
| Q4 25 | $0.05 | $2.60 | ||
| Q3 25 | $0.02 | $-3.58 | ||
| Q2 25 | $0.03 | $-0.70 | ||
| Q1 25 | $0.04 | — | ||
| Q4 24 | $0.10 | $-0.95 | ||
| Q3 24 | $0.20 | $-0.24 | ||
| Q2 24 | $-0.04 | $-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 | — | $3.8B |
| Total Assets | $1.2B | $6.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $10.8M | $2.4B | ||
| Q3 25 | $18.4M | $1.1B | ||
| Q2 25 | $11.7M | $546.9M | ||
| Q1 25 | $10.4M | — | ||
| Q4 24 | $11.0M | $340.3M | ||
| Q3 24 | $10.5M | $365.7M | ||
| Q2 24 | $10.4M | $369.8M |
| Q1 26 | — | — | ||
| Q4 25 | $843.5M | — | ||
| Q3 25 | $843.3M | — | ||
| Q2 25 | $794.4M | — | ||
| Q1 25 | $740.7M | — | ||
| Q4 24 | $693.4M | — | ||
| Q3 24 | $692.6M | — | ||
| Q2 24 | $722.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | $171.8M | $3.8B | ||
| Q3 25 | $184.8M | $2.3B | ||
| Q2 25 | $177.2M | $1.2B | ||
| Q1 25 | $183.2M | — | ||
| Q4 24 | $171.2M | $383.9M | ||
| Q3 24 | $168.9M | $435.7M | ||
| Q2 24 | $145.7M | $463.3M |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $6.6B | ||
| Q3 25 | $1.3B | $4.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.1B | $508.4M | ||
| Q3 24 | $1.1B | $497.9M | ||
| Q2 24 | $1.1B | $517.4M |
| Q1 26 | — | — | ||
| Q4 25 | 4.91× | — | ||
| Q3 25 | 4.56× | — | ||
| Q2 25 | 4.48× | — | ||
| Q1 25 | 4.04× | — | ||
| Q4 24 | 4.05× | — | ||
| Q3 24 | 4.10× | — | ||
| Q2 24 | 4.96× | — |
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 | $88.2M | $-74.5M | ||
| Q3 25 | $18.9M | $-123.1M | ||
| Q2 25 | $35.8M | $-52.6M | ||
| Q1 25 | $17.7M | — | ||
| Q4 24 | $57.0M | $-39.4M | ||
| Q3 24 | $5.5M | $-19.2M | ||
| Q2 24 | $13.6M | $-26.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-83.3M | ||
| Q3 25 | — | $-127.2M | ||
| Q2 25 | — | $-53.8M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-43.0M | ||
| Q3 24 | — | $-23.0M | ||
| Q2 24 | — | $-34.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | -134.6% | ||
| Q3 25 | — | -319.1% | ||
| Q2 25 | — | -259.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -367.4% | ||
| Q3 24 | — | -185.3% | ||
| Q2 24 | — | -299.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.2% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 30.7% | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | — | 65.8% |
| Q1 26 | — | — | ||
| Q4 25 | 16.38× | -0.10× | ||
| Q3 25 | 4.57× | — | ||
| Q2 25 | 7.74× | — | ||
| Q1 25 | 3.44× | — | ||
| Q4 24 | 7.93× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 8.44× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GOOD
Segment breakdown not available.
IONQ
| Other | $31.2M | 50% |
| Platform Consulting And Support Services | $30.7M | 50% |
