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Side-by-side financial comparison of IonQ, Inc. (IONQ) and MID PENN BANCORP INC (MPB). Click either name above to swap in a different company.

MID PENN BANCORP INC is the larger business by last-quarter revenue ($62.0M vs $61.9M, roughly 1.0× IonQ, Inc.). IonQ, Inc. runs the higher net margin — 1217.8% vs 31.4%, a 1186.4% gap on every dollar of revenue. On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs 30.8%). MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M 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.

Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.

IONQ vs MPB — Head-to-Head

Bigger by revenue
MPB
MPB
1.0× larger
MPB
$62.0M
$61.9M
IONQ
Growing faster (revenue YoY)
IONQ
IONQ
+397.7% gap
IONQ
428.5%
30.8%
MPB
Higher net margin
IONQ
IONQ
1186.4% more per $
IONQ
1217.8%
31.4%
MPB
More free cash flow
MPB
MPB
$155.1M more FCF
MPB
$71.8M
$-83.3M
IONQ

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IONQ
IONQ
MPB
MPB
Revenue
$61.9M
$62.0M
Net Profit
$753.7M
$19.4M
Gross Margin
Operating Margin
-369.4%
43.6%
Net Margin
1217.8%
31.4%
Revenue YoY
428.5%
30.8%
Net Profit YoY
473.1%
47.0%
EPS (diluted)
$2.60
$0.83

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
IONQ
IONQ
MPB
MPB
Q4 25
$61.9M
$62.0M
Q3 25
$39.9M
$61.8M
Q2 25
$20.7M
$54.3M
Q1 25
$47.7M
Q4 24
$11.7M
$47.4M
Q3 24
$12.4M
$45.3M
Q2 24
$11.4M
$44.1M
Q1 24
$42.3M
Net Profit
IONQ
IONQ
MPB
MPB
Q4 25
$753.7M
$19.4M
Q3 25
$-1.1B
$18.3M
Q2 25
$-176.8M
$4.8M
Q1 25
$13.7M
Q4 24
$-202.0M
$13.2M
Q3 24
$-52.5M
$12.3M
Q2 24
$-37.6M
$11.8M
Q1 24
$12.1M
Operating Margin
IONQ
IONQ
MPB
MPB
Q4 25
-369.4%
43.6%
Q3 25
-423.5%
39.3%
Q2 25
-776.0%
7.9%
Q1 25
35.2%
Q4 24
-661.9%
34.1%
Q3 24
-428.5%
32.8%
Q2 24
-430.0%
32.4%
Q1 24
34.8%
Net Margin
IONQ
IONQ
MPB
MPB
Q4 25
1217.8%
31.4%
Q3 25
-2646.3%
29.6%
Q2 25
-854.5%
8.8%
Q1 25
28.8%
Q4 24
-1725.0%
27.9%
Q3 24
-423.4%
27.1%
Q2 24
-330.0%
26.7%
Q1 24
28.7%
EPS (diluted)
IONQ
IONQ
MPB
MPB
Q4 25
$2.60
$0.83
Q3 25
$-3.58
$0.79
Q2 25
$-0.70
$0.22
Q1 25
$0.71
Q4 24
$-0.95
$0.72
Q3 24
$-0.24
$0.74
Q2 24
$-0.18
$0.71
Q1 24
$0.73

Balance Sheet & Financial Strength

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

Metric
IONQ
IONQ
MPB
MPB
Cash + ST InvestmentsLiquidity on hand
$2.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.8B
$814.1M
Total Assets
$6.6B
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IONQ
IONQ
MPB
MPB
Q4 25
$2.4B
Q3 25
$1.1B
Q2 25
$546.9M
Q1 25
Q4 24
$340.3M
Q3 24
$365.7M
Q2 24
$369.8M
Q1 24
Stockholders' Equity
IONQ
IONQ
MPB
MPB
Q4 25
$3.8B
$814.1M
Q3 25
$2.3B
$796.3M
Q2 25
$1.2B
$775.7M
Q1 25
$667.9M
Q4 24
$383.9M
$655.0M
Q3 24
$435.7M
$573.1M
Q2 24
$463.3M
$559.7M
Q1 24
$551.0M
Total Assets
IONQ
IONQ
MPB
MPB
Q4 25
$6.6B
$6.1B
Q3 25
$4.3B
$6.3B
Q2 25
$1.3B
$6.4B
Q1 25
$5.5B
Q4 24
$508.4M
$5.5B
Q3 24
$497.9M
$5.5B
Q2 24
$517.4M
$5.4B
Q1 24
$5.3B

Cash Flow & Capital Efficiency

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

Metric
IONQ
IONQ
MPB
MPB
Operating Cash FlowLast quarter
$-74.5M
$80.0M
Free Cash FlowOCF − Capex
$-83.3M
$71.8M
FCF MarginFCF / Revenue
-134.6%
115.8%
Capex IntensityCapex / Revenue
14.2%
13.3%
Cash ConversionOCF / Net Profit
-0.10×
4.12×
TTM Free Cash FlowTrailing 4 quarters
$-307.3M
$132.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IONQ
IONQ
MPB
MPB
Q4 25
$-74.5M
$80.0M
Q3 25
$-123.1M
$26.3M
Q2 25
$-52.6M
$29.0M
Q1 25
$11.5M
Q4 24
$-39.4M
$51.4M
Q3 24
$-19.2M
$16.9M
Q2 24
$-26.6M
$18.0M
Q1 24
$12.4M
Free Cash Flow
IONQ
IONQ
MPB
MPB
Q4 25
$-83.3M
$71.8M
Q3 25
$-127.2M
$24.3M
Q2 25
$-53.8M
$27.2M
Q1 25
$8.8M
Q4 24
$-43.0M
$44.5M
Q3 24
$-23.0M
$16.8M
Q2 24
$-34.1M
$17.7M
Q1 24
$12.1M
FCF Margin
IONQ
IONQ
MPB
MPB
Q4 25
-134.6%
115.8%
Q3 25
-319.1%
39.4%
Q2 25
-259.8%
50.1%
Q1 25
18.4%
Q4 24
-367.4%
93.8%
Q3 24
-185.3%
37.1%
Q2 24
-299.3%
40.2%
Q1 24
28.5%
Capex Intensity
IONQ
IONQ
MPB
MPB
Q4 25
14.2%
13.3%
Q3 25
10.4%
3.1%
Q2 25
5.8%
3.2%
Q1 25
5.7%
Q4 24
30.7%
14.6%
Q3 24
30.4%
0.0%
Q2 24
65.8%
0.7%
Q1 24
0.8%
Cash Conversion
IONQ
IONQ
MPB
MPB
Q4 25
-0.10×
4.12×
Q3 25
1.44×
Q2 25
6.08×
Q1 25
0.84×
Q4 24
3.88×
Q3 24
1.37×
Q2 24
1.53×
Q1 24
1.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IONQ
IONQ

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

MPB
MPB

Segment breakdown not available.

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