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Side-by-side financial comparison of InfuSystem Holdings, Inc (INFU) 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 $36.2M, roughly 1.7× InfuSystem Holdings, Inc). On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs 7.0%). InfuSystem Holdings, Inc produced more free cash flow last quarter ($7.0M vs $-83.3M).

InfuSystem Holdings, Inc. is a U.S.-headquartered healthcare provider specializing in infusion therapy solutions. It supplies programmable infusion pumps, matching disposable medical consumables, and professional clinical support services, serving oncology clinics, home healthcare providers, and acute care facilities across North America.

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.

INFU vs IONQ — Head-to-Head

Bigger by revenue
IONQ
IONQ
1.7× larger
IONQ
$61.9M
$36.2M
INFU
Growing faster (revenue YoY)
IONQ
IONQ
+421.5% gap
IONQ
428.5%
7.0%
INFU
More free cash flow
INFU
INFU
$90.3M more FCF
INFU
$7.0M
$-83.3M
IONQ

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INFU
INFU
IONQ
IONQ
Revenue
$36.2M
$61.9M
Net Profit
$753.7M
Gross Margin
56.4%
Operating Margin
10.3%
-369.4%
Net Margin
1217.8%
Revenue YoY
7.0%
428.5%
Net Profit YoY
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.

Revenue
INFU
INFU
IONQ
IONQ
Q4 25
$36.2M
$61.9M
Q3 25
$36.5M
$39.9M
Q2 25
$36.0M
$20.7M
Q1 25
$34.7M
Q4 24
$33.8M
$11.7M
Q3 24
$35.3M
$12.4M
Q2 24
$33.7M
$11.4M
Q1 24
$32.0M
Net Profit
INFU
INFU
IONQ
IONQ
Q4 25
$753.7M
Q3 25
$2.3M
$-1.1B
Q2 25
$2.6M
$-176.8M
Q1 25
$-267.0K
Q4 24
$-202.0M
Q3 24
$1.8M
$-52.5M
Q2 24
$717.0K
$-37.6M
Q1 24
$-1.1M
Gross Margin
INFU
INFU
IONQ
IONQ
Q4 25
56.4%
Q3 25
57.1%
Q2 25
55.2%
Q1 25
55.2%
Q4 24
53.8%
Q3 24
53.9%
Q2 24
49.5%
Q1 24
51.5%
Operating Margin
INFU
INFU
IONQ
IONQ
Q4 25
10.3%
-369.4%
Q3 25
10.4%
-423.5%
Q2 25
10.5%
-776.0%
Q1 25
1.8%
Q4 24
7.7%
-661.9%
Q3 24
9.2%
-428.5%
Q2 24
5.5%
-430.0%
Q1 24
-2.6%
Net Margin
INFU
INFU
IONQ
IONQ
Q4 25
1217.8%
Q3 25
6.2%
-2646.3%
Q2 25
7.2%
-854.5%
Q1 25
-0.8%
Q4 24
-1725.0%
Q3 24
5.1%
-423.4%
Q2 24
2.1%
-330.0%
Q1 24
-3.5%
EPS (diluted)
INFU
INFU
IONQ
IONQ
Q4 25
$0.09
$2.60
Q3 25
$0.11
$-3.58
Q2 25
$0.12
$-0.70
Q1 25
$-0.01
Q4 24
$0.05
$-0.95
Q3 24
$0.08
$-0.24
Q2 24
$0.03
$-0.18
Q1 24
$-0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
INFU
INFU
IONQ
IONQ
Cash + ST InvestmentsLiquidity on hand
$3.2M
$2.4B
Total DebtLower is stronger
$19.6M
Stockholders' EquityBook value
$57.3M
$3.8B
Total Assets
$100.6M
$6.6B
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INFU
INFU
IONQ
IONQ
Q4 25
$3.2M
$2.4B
Q3 25
$955.0K
$1.1B
Q2 25
$720.0K
$546.9M
Q1 25
$1.5M
Q4 24
$527.0K
$340.3M
Q3 24
$380.0K
$365.7M
Q2 24
$146.0K
$369.8M
Q1 24
$822.0K
Total Debt
INFU
INFU
IONQ
IONQ
Q4 25
$19.6M
Q3 25
$20.9M
Q2 25
$26.3M
Q1 25
$28.7M
Q4 24
$23.9M
Q3 24
$28.0M
Q2 24
$34.2M
Q1 24
$29.9M
Stockholders' Equity
INFU
INFU
IONQ
IONQ
Q4 25
$57.3M
$3.8B
Q3 25
$55.5M
$2.3B
Q2 25
$54.5M
$1.2B
Q1 25
$55.1M
Q4 24
$57.5M
$383.9M
Q3 24
$55.5M
$435.7M
Q2 24
$53.5M
$463.3M
Q1 24
$52.3M
Total Assets
INFU
INFU
IONQ
IONQ
Q4 25
$100.6M
$6.6B
Q3 25
$98.9M
$4.3B
Q2 25
$100.8M
$1.3B
Q1 25
$104.3M
Q4 24
$103.6M
$508.4M
Q3 24
$105.3M
$497.9M
Q2 24
$108.5M
$517.4M
Q1 24
$104.8M
Debt / Equity
INFU
INFU
IONQ
IONQ
Q4 25
0.34×
Q3 25
0.38×
Q2 25
0.48×
Q1 25
0.52×
Q4 24
0.41×
Q3 24
0.50×
Q2 24
0.64×
Q1 24
0.57×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
INFU
INFU
IONQ
IONQ
Operating Cash FlowLast quarter
$7.1M
$-74.5M
Free Cash FlowOCF − Capex
$7.0M
$-83.3M
FCF MarginFCF / Revenue
19.3%
-134.6%
Capex IntensityCapex / Revenue
0.4%
14.2%
Cash ConversionOCF / Net Profit
-0.10×
TTM Free Cash FlowTrailing 4 quarters
$23.8M
$-307.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INFU
INFU
IONQ
IONQ
Q4 25
$7.1M
$-74.5M
Q3 25
$8.5M
$-123.1M
Q2 25
$7.0M
$-52.6M
Q1 25
$1.8M
Q4 24
$7.9M
$-39.4M
Q3 24
$9.8M
$-19.2M
Q2 24
$2.3M
$-26.6M
Q1 24
$377.0K
Free Cash Flow
INFU
INFU
IONQ
IONQ
Q4 25
$7.0M
$-83.3M
Q3 25
$8.4M
$-127.2M
Q2 25
$6.8M
$-53.8M
Q1 25
$1.6M
Q4 24
$7.4M
$-43.0M
Q3 24
$9.8M
$-23.0M
Q2 24
$2.0M
$-34.1M
Q1 24
$195.0K
FCF Margin
INFU
INFU
IONQ
IONQ
Q4 25
19.3%
-134.6%
Q3 25
23.1%
-319.1%
Q2 25
18.9%
-259.8%
Q1 25
4.7%
Q4 24
21.9%
-367.4%
Q3 24
27.7%
-185.3%
Q2 24
5.9%
-299.3%
Q1 24
0.6%
Capex Intensity
INFU
INFU
IONQ
IONQ
Q4 25
0.4%
14.2%
Q3 25
0.2%
10.4%
Q2 25
0.6%
5.8%
Q1 25
0.4%
Q4 24
1.6%
30.7%
Q3 24
0.1%
30.4%
Q2 24
1.0%
65.8%
Q1 24
0.6%
Cash Conversion
INFU
INFU
IONQ
IONQ
Q4 25
-0.10×
Q3 25
3.76×
Q2 25
2.70×
Q1 25
Q4 24
Q3 24
5.45×
Q2 24
3.22×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

INFU
INFU

Patient Services$20.0M55%
Device Solutions$14.4M40%
Other$1.9M5%

IONQ
IONQ

Other$31.2M50%
Platform Consulting And Support Services$30.7M50%

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