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Side-by-side financial comparison of INFINITY NATURAL RESOURCES, INC. (INR) and IonQ, Inc. (IONQ). Click either name above to swap in a different company.
INFINITY NATURAL RESOURCES, INC. is the larger business by last-quarter revenue ($115.5M vs $61.9M, roughly 1.9× IonQ, Inc.). IonQ, Inc. runs the higher net margin — 1217.8% vs 17.3%, a 1200.4% gap on every dollar of revenue.
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.
INR vs IONQ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $115.5M | $61.9M |
| Net Profit | $20.0M | $753.7M |
| Gross Margin | — | — |
| Operating Margin | 47.0% | -369.4% |
| Net Margin | 17.3% | 1217.8% |
| Revenue YoY | — | 428.5% |
| Net Profit YoY | — | 473.1% |
| EPS (diluted) | $1.33 | $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 | $115.5M | $61.9M | ||
| Q3 25 | $78.3M | $39.9M | ||
| Q2 25 | $72.5M | $20.7M | ||
| Q1 25 | $84.2M | — | ||
| Q4 24 | — | $11.7M | ||
| Q3 24 | — | $12.4M | ||
| Q2 24 | — | $11.4M |
| Q4 25 | $20.0M | $753.7M | ||
| Q3 25 | $10.4M | $-1.1B | ||
| Q2 25 | $18.0M | $-176.8M | ||
| Q1 25 | $-34.6M | — | ||
| Q4 24 | — | $-202.0M | ||
| Q3 24 | — | $-52.5M | ||
| Q2 24 | — | $-37.6M |
| Q4 25 | 47.0% | -369.4% | ||
| Q3 25 | 30.5% | -423.5% | ||
| Q2 25 | 29.9% | -776.0% | ||
| Q1 25 | -104.5% | — | ||
| Q4 24 | — | -661.9% | ||
| Q3 24 | — | -428.5% | ||
| Q2 24 | — | -430.0% |
| Q4 25 | 17.3% | 1217.8% | ||
| Q3 25 | 13.3% | -2646.3% | ||
| Q2 25 | 24.8% | -854.5% | ||
| Q1 25 | -41.1% | — | ||
| Q4 24 | — | -1725.0% | ||
| Q3 24 | — | -423.4% | ||
| Q2 24 | — | -330.0% |
| Q4 25 | $1.33 | $2.60 | ||
| Q3 25 | $0.65 | $-3.58 | ||
| Q2 25 | $1.18 | $-0.70 | ||
| Q1 25 | $-2.27 | — | ||
| Q4 24 | — | $-0.95 | ||
| Q3 24 | — | $-0.24 | ||
| Q2 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 | $2.8M | $2.4B |
| Total DebtLower is stronger | $55.0K | — |
| Stockholders' EquityBook value | $307.1M | $3.8B |
| Total Assets | $1.2B | $6.6B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.8M | $2.4B | ||
| Q3 25 | $4.6M | $1.1B | ||
| Q2 25 | $6.3M | $546.9M | ||
| Q1 25 | $4.9M | — | ||
| Q4 24 | — | $340.3M | ||
| Q3 24 | — | $365.7M | ||
| Q2 24 | — | $369.8M |
| Q4 25 | $55.0K | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $123.0K | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q4 25 | $307.1M | $3.8B | ||
| Q3 25 | $288.6M | $2.3B | ||
| Q2 25 | $10.1M | $1.2B | ||
| Q1 25 | $-52.2M | — | ||
| Q4 24 | — | $383.9M | ||
| Q3 24 | — | $435.7M | ||
| Q2 24 | — | $463.3M |
| Q4 25 | $1.2B | $6.6B | ||
| Q3 25 | $1.1B | $4.3B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $953.9M | — | ||
| Q4 24 | — | $508.4M | ||
| Q3 24 | — | $497.9M | ||
| Q2 24 | — | $517.4M |
| Q4 25 | 0.00× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $75.1M | $-74.5M |
| Free Cash FlowOCF − Capex | — | $-83.3M |
| FCF MarginFCF / Revenue | — | -134.6% |
| Capex IntensityCapex / Revenue | — | 14.2% |
| Cash ConversionOCF / Net Profit | 3.75× | -0.10× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-307.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.1M | $-74.5M | ||
| Q3 25 | $42.1M | $-123.1M | ||
| Q2 25 | $70.4M | $-52.6M | ||
| Q1 25 | $74.2M | — | ||
| Q4 24 | — | $-39.4M | ||
| Q3 24 | — | $-19.2M | ||
| Q2 24 | — | $-26.6M |
| 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 |
| 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% |
| 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% |
| Q4 25 | 3.75× | -0.10× | ||
| Q3 25 | 4.04× | — | ||
| Q2 25 | 3.91× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INR
| Oil Reserves | $54.0M | 47% |
| Natural Gas Reserves | $46.8M | 41% |
| Natural Gas Liquids Reserves | $14.7M | 13% |
IONQ
| Other | $31.2M | 50% |
| Platform Consulting And Support Services | $30.7M | 50% |
