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Side-by-side financial comparison of IonQ, Inc. (IONQ) and LIFECORE BIOMEDICAL, INC. \DE\ (LFCR). Click either name above to swap in a different company.
IonQ, Inc. is the larger business by last-quarter revenue ($61.9M vs $31.1M, roughly 2.0× LIFECORE BIOMEDICAL, INC. \DE\). IonQ, Inc. runs the higher net margin — 1217.8% vs -32.1%, a 1249.9% gap on every dollar of revenue. On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs -4.5%). LIFECORE BIOMEDICAL, INC. \DE\ produced more free cash flow last quarter ($25.0K vs $-83.3M).
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.
LIFECORE BIOMEDICAL, INC. is a biomedical firm focused on developing and manufacturing high-quality hyaluronic acid-based biomaterials. It operates three core segments: medical application products, pharmaceutical solutions, and personal care ingredients, with main markets spanning North America, Europe and the Asia-Pacific, supplying to leading medical device, pharmaceutical and cosmetic brand partners.
IONQ vs LFCR — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $61.9M | $31.1M |
| Net Profit | $753.7M | $-10.0M |
| Gross Margin | — | 25.0% |
| Operating Margin | -369.4% | -9.9% |
| Net Margin | 1217.8% | -32.1% |
| Revenue YoY | 428.5% | -4.5% |
| Net Profit YoY | 473.1% | -52.0% |
| EPS (diluted) | $2.60 | $-0.29 |
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 | $61.9M | — | ||
| Q3 25 | $39.9M | $31.1M | ||
| Q2 25 | $20.7M | — | ||
| Q1 25 | — | $35.2M | ||
| Q4 24 | $11.7M | $32.6M | ||
| Q3 24 | $12.4M | $24.7M | ||
| Q2 24 | $11.4M | — | ||
| Q1 24 | — | $35.7M |
| Q4 25 | $753.7M | — | ||
| Q3 25 | $-1.1B | $-10.0M | ||
| Q2 25 | $-176.8M | — | ||
| Q1 25 | — | $-14.8M | ||
| Q4 24 | $-202.0M | $-6.6M | ||
| Q3 24 | $-52.5M | $-16.2M | ||
| Q2 24 | $-37.6M | — | ||
| Q1 24 | — | $15.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | 25.0% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 28.0% | ||
| Q4 24 | — | 34.0% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 33.3% |
| Q4 25 | -369.4% | — | ||
| Q3 25 | -423.5% | -9.9% | ||
| Q2 25 | -776.0% | — | ||
| Q1 25 | — | -25.7% | ||
| Q4 24 | -661.9% | -6.0% | ||
| Q3 24 | -428.5% | -46.9% | ||
| Q2 24 | -430.0% | — | ||
| Q1 24 | — | -2.5% |
| Q4 25 | 1217.8% | — | ||
| Q3 25 | -2646.3% | -32.1% | ||
| Q2 25 | -854.5% | — | ||
| Q1 25 | — | -42.0% | ||
| Q4 24 | -1725.0% | -20.2% | ||
| Q3 24 | -423.4% | -65.7% | ||
| Q2 24 | -330.0% | — | ||
| Q1 24 | — | 43.8% |
| Q4 25 | $2.60 | — | ||
| Q3 25 | $-3.58 | $-0.29 | ||
| Q2 25 | $-0.70 | — | ||
| Q1 25 | — | $-0.47 | ||
| Q4 24 | $-0.95 | $-0.25 | ||
| Q3 24 | $-0.24 | $-0.53 | ||
| Q2 24 | $-0.18 | — | ||
| Q1 24 | — | $0.42 |
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 | $18.9M |
| Total DebtLower is stronger | — | $136.0M |
| Stockholders' EquityBook value | $3.8B | $-10.5M |
| Total Assets | $6.6B | $235.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4B | — | ||
| Q3 25 | $1.1B | $18.9M | ||
| Q2 25 | $546.9M | — | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | $340.3M | $9.5M | ||
| Q3 24 | $365.7M | — | ||
| Q2 24 | $369.8M | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $136.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $124.9M | ||
| Q4 24 | — | $111.3M | ||
| Q3 24 | — | $106.3M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $97.1M |
| Q4 25 | $3.8B | — | ||
| Q3 25 | $2.3B | $-10.5M | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | — | $2.2M | ||
| Q4 24 | $383.9M | $15.4M | ||
| Q3 24 | $435.7M | $-3.9M | ||
| Q2 24 | $463.3M | — | ||
| Q1 24 | — | $17.7M |
| Q4 25 | $6.6B | — | ||
| Q3 25 | $4.3B | $235.2M | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | — | $237.7M | ||
| Q4 24 | $508.4M | $255.4M | ||
| Q3 24 | $497.9M | $246.8M | ||
| Q2 24 | $517.4M | — | ||
| Q1 24 | — | $246.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 56.05× | ||
| Q4 24 | — | 7.20× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 5.49× |
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 | $1.8M |
| Free Cash FlowOCF − Capex | $-83.3M | $25.0K |
| FCF MarginFCF / Revenue | -134.6% | 0.1% |
| Capex IntensityCapex / Revenue | 14.2% | 5.6% |
| Cash ConversionOCF / Net Profit | -0.10× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-307.3M | $-16.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-74.5M | — | ||
| Q3 25 | $-123.1M | $1.8M | ||
| Q2 25 | $-52.6M | — | ||
| Q1 25 | — | $1.2M | ||
| Q4 24 | $-39.4M | $-6.1M | ||
| Q3 24 | $-19.2M | $-613.0K | ||
| Q2 24 | $-26.6M | — | ||
| Q1 24 | — | $-1.4M |
| Q4 25 | $-83.3M | — | ||
| Q3 25 | $-127.2M | $25.0K | ||
| Q2 25 | $-53.8M | — | ||
| Q1 25 | — | $-4.3M | ||
| Q4 24 | $-43.0M | $-8.6M | ||
| Q3 24 | $-23.0M | $-4.0M | ||
| Q2 24 | $-34.1M | — | ||
| Q1 24 | — | $-7.8M |
| Q4 25 | -134.6% | — | ||
| Q3 25 | -319.1% | 0.1% | ||
| Q2 25 | -259.8% | — | ||
| Q1 25 | — | -12.1% | ||
| Q4 24 | -367.4% | -26.3% | ||
| Q3 24 | -185.3% | -16.3% | ||
| Q2 24 | -299.3% | — | ||
| Q1 24 | — | -21.8% |
| Q4 25 | 14.2% | — | ||
| Q3 25 | 10.4% | 5.6% | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | 30.7% | 7.5% | ||
| Q3 24 | 30.4% | 13.9% | ||
| Q2 24 | 65.8% | — | ||
| Q1 24 | — | 17.8% |
| Q4 25 | -0.10× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.09× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IONQ
| Other | $31.2M | 50% |
| Platform Consulting And Support Services | $30.7M | 50% |
LFCR
| Transferred At Point In Time | $26.6M | 85% |
| Transferred Over Time | $4.5M | 15% |
