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Side-by-side financial comparison of IonQ, Inc. (IONQ) and MARKETWISE, INC. (MKTW). Click either name above to swap in a different company.
MARKETWISE, INC. is the larger business by last-quarter revenue ($83.4M vs $61.9M, roughly 1.3× IonQ, Inc.). IonQ, Inc. runs the higher net margin — 1217.8% vs 2.3%, a 1215.4% gap on every dollar of revenue. On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs -14.4%). MARKETWISE, INC. produced more free cash flow last quarter ($45.6M 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.
MarketWise Inc. is a leading provider of investment research, financial market data, and wealth management education solutions. It serves both retail and institutional investors across North America, Europe, and the Asia-Pacific region, offering actionable market insights, portfolio analysis tools, and specialized multi-asset research.
IONQ vs MKTW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.9M | $83.4M |
| Net Profit | $753.7M | $1.9M |
| Gross Margin | — | 87.0% |
| Operating Margin | -369.4% | 15.8% |
| Net Margin | 1217.8% | 2.3% |
| Revenue YoY | 428.5% | -14.4% |
| Net Profit YoY | 473.1% | -9.8% |
| EPS (diluted) | $2.60 | $0.79 |
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 | $83.4M | ||
| Q3 25 | $39.9M | $81.3M | ||
| Q2 25 | $20.7M | $80.0M | ||
| Q1 25 | — | $83.5M | ||
| Q4 24 | $11.7M | $97.5M | ||
| Q3 24 | $12.4M | $97.2M | ||
| Q2 24 | $11.4M | $105.0M | ||
| Q1 24 | — | $109.0M |
| Q4 25 | $753.7M | $1.9M | ||
| Q3 25 | $-1.1B | $1.5M | ||
| Q2 25 | $-176.8M | $1.3M | ||
| Q1 25 | — | $890.0K | ||
| Q4 24 | $-202.0M | $2.1M | ||
| Q3 24 | $-52.5M | $1.7M | ||
| Q2 24 | $-37.6M | $1.5M | ||
| Q1 24 | — | $1.7M |
| Q4 25 | — | 87.0% | ||
| Q3 25 | — | 87.0% | ||
| Q2 25 | — | 86.3% | ||
| Q1 25 | — | 85.7% | ||
| Q4 24 | — | 88.7% | ||
| Q3 24 | — | 86.7% | ||
| Q2 24 | — | 87.3% | ||
| Q1 24 | — | 87.7% |
| Q4 25 | -369.4% | 15.8% | ||
| Q3 25 | -423.5% | 21.9% | ||
| Q2 25 | -776.0% | 18.5% | ||
| Q1 25 | — | 20.1% | ||
| Q4 24 | -661.9% | 24.8% | ||
| Q3 24 | -428.5% | 22.5% | ||
| Q2 24 | -430.0% | 20.3% | ||
| Q1 24 | — | 19.8% |
| Q4 25 | 1217.8% | 2.3% | ||
| Q3 25 | -2646.3% | 1.9% | ||
| Q2 25 | -854.5% | 1.6% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | -1725.0% | 2.2% | ||
| Q3 24 | -423.4% | 1.8% | ||
| Q2 24 | -330.0% | 1.5% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | $2.60 | $0.79 | ||
| Q3 25 | $-3.58 | $0.58 | ||
| Q2 25 | $-0.70 | $0.53 | ||
| Q1 25 | — | $0.41 | ||
| Q4 24 | $-0.95 | $1.06 | ||
| Q3 24 | $-0.24 | $0.87 | ||
| Q2 24 | $-0.18 | $0.80 | ||
| Q1 24 | — | $0.85 |
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 | $70.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.8B | $-11.7M |
| Total Assets | $6.6B | $218.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4B | $70.1M | ||
| Q3 25 | $1.1B | $50.5M | ||
| Q2 25 | $546.9M | $69.1M | ||
| Q1 25 | — | $79.2M | ||
| Q4 24 | $340.3M | $97.9M | ||
| Q3 24 | $365.7M | $94.1M | ||
| Q2 24 | $369.8M | $109.3M | ||
| Q1 24 | — | $131.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $707.0K |
| Q4 25 | $3.8B | $-11.7M | ||
| Q3 25 | $2.3B | $-14.5M | ||
| Q2 25 | $1.2B | $-15.8M | ||
| Q1 25 | — | $-15.8M | ||
| Q4 24 | $383.9M | $-12.5M | ||
| Q3 24 | $435.7M | $-19.5M | ||
| Q2 24 | $463.3M | $-23.7M | ||
| Q1 24 | — | $-9.4M |
| Q4 25 | $6.6B | $218.4M | ||
| Q3 25 | $4.3B | $201.7M | ||
| Q2 25 | $1.3B | $211.8M | ||
| Q1 25 | — | $239.6M | ||
| Q4 24 | $508.4M | $259.5M | ||
| Q3 24 | $497.9M | $278.4M | ||
| Q2 24 | $517.4M | $315.3M | ||
| Q1 24 | — | $359.3M |
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 | $46.0M |
| Free Cash FlowOCF − Capex | $-83.3M | $45.6M |
| FCF MarginFCF / Revenue | -134.6% | 54.6% |
| Capex IntensityCapex / Revenue | 14.2% | 0.5% |
| Cash ConversionOCF / Net Profit | -0.10× | 23.84× |
| TTM Free Cash FlowTrailing 4 quarters | $-307.3M | $67.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-74.5M | $46.0M | ||
| Q3 25 | $-123.1M | $2.2M | ||
| Q2 25 | $-52.6M | $17.8M | ||
| Q1 25 | — | $1.7M | ||
| Q4 24 | $-39.4M | $-22.1M | ||
| Q3 24 | $-19.2M | $-5.8M | ||
| Q2 24 | $-26.6M | $-3.8M | ||
| Q1 24 | — | $-18.5M |
| Q4 25 | $-83.3M | $45.6M | ||
| Q3 25 | $-127.2M | $2.2M | ||
| Q2 25 | $-53.8M | $17.7M | ||
| Q1 25 | — | $1.7M | ||
| Q4 24 | $-43.0M | $-22.3M | ||
| Q3 24 | $-23.0M | $-5.9M | ||
| Q2 24 | $-34.1M | $-3.8M | ||
| Q1 24 | — | — |
| Q4 25 | -134.6% | 54.6% | ||
| Q3 25 | -319.1% | 2.7% | ||
| Q2 25 | -259.8% | 22.2% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | -367.4% | -22.9% | ||
| Q3 24 | -185.3% | -6.0% | ||
| Q2 24 | -299.3% | -3.6% | ||
| Q1 24 | — | — |
| Q4 25 | 14.2% | 0.5% | ||
| Q3 25 | 10.4% | 0.0% | ||
| Q2 25 | 5.8% | 0.1% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | 30.7% | 0.1% | ||
| Q3 24 | 30.4% | 0.0% | ||
| Q2 24 | 65.8% | 0.0% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | -0.10× | 23.84× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | 13.76× | ||
| Q1 25 | — | 1.95× | ||
| Q4 24 | — | -10.36× | ||
| Q3 24 | — | -3.39× | ||
| Q2 24 | — | -2.46× | ||
| Q1 24 | — | -11.17× |
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% |
MKTW
Segment breakdown not available.
