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Side-by-side financial comparison of IonQ, Inc. (IONQ) and NETSTREIT Corp. (NTST). Click either name above to swap in a different company.
IonQ, Inc. is the larger business by last-quarter revenue ($61.9M vs $57.1M, roughly 1.1× NETSTREIT Corp.). IonQ, Inc. runs the higher net margin — 1217.8% vs 10.0%, a 1207.7% gap on every dollar of revenue. On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs 24.3%).
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.
NETSTREIT Corp. is a US-headquartered real estate investment trust (REIT) that specializes in acquiring and operating a diversified portfolio of single-tenant net lease commercial properties. Its asset portfolio covers retail, industrial and office categories, primarily catering to investment-grade corporate tenants across the United States market.
IONQ vs NTST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $61.9M | $57.1M |
| Net Profit | $753.7M | $5.7M |
| Gross Margin | — | — |
| Operating Margin | -369.4% | 34.1% |
| Net Margin | 1217.8% | 10.0% |
| Revenue YoY | 428.5% | 24.3% |
| Net Profit YoY | 473.1% | 235.9% |
| EPS (diluted) | $2.60 | $0.32 |
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.
| Q1 26 | — | $57.1M | ||
| Q4 25 | $61.9M | $52.5M | ||
| Q3 25 | $39.9M | $48.3M | ||
| Q2 25 | $20.7M | $48.3M | ||
| Q1 25 | — | $45.9M | ||
| Q4 24 | $11.7M | $44.1M | ||
| Q3 24 | $12.4M | $41.4M | ||
| Q2 24 | $11.4M | $39.6M |
| Q1 26 | — | $5.7M | ||
| Q4 25 | $753.7M | $1.3M | ||
| Q3 25 | $-1.1B | $618.0K | ||
| Q2 25 | $-176.8M | $3.3M | ||
| Q1 25 | — | $1.7M | ||
| Q4 24 | $-202.0M | $-5.4M | ||
| Q3 24 | $-52.5M | $-5.3M | ||
| Q2 24 | $-37.6M | $-2.3M |
| Q1 26 | — | 34.1% | ||
| Q4 25 | -369.4% | 2.6% | ||
| Q3 25 | -423.5% | 1.3% | ||
| Q2 25 | -776.0% | 6.8% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | -661.9% | -12.3% | ||
| Q3 24 | -428.5% | -12.8% | ||
| Q2 24 | -430.0% | -5.8% |
| Q1 26 | — | 10.0% | ||
| Q4 25 | 1217.8% | 2.5% | ||
| Q3 25 | -2646.3% | 1.3% | ||
| Q2 25 | -854.5% | 6.8% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | -1725.0% | -12.3% | ||
| Q3 24 | -423.4% | -12.8% | ||
| Q2 24 | -330.0% | -5.8% |
| Q1 26 | — | $0.32 | ||
| Q4 25 | $2.60 | $0.01 | ||
| Q3 25 | $-3.58 | $0.01 | ||
| Q2 25 | $-0.70 | $0.04 | ||
| Q1 25 | — | $0.02 | ||
| Q4 24 | $-0.95 | $-0.07 | ||
| Q3 24 | $-0.24 | $-0.07 | ||
| Q2 24 | $-0.18 | $-0.03 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.8B | $1.5B |
| Total Assets | $6.6B | $2.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $926.6M | ||
| Q1 25 | — | $913.3M | ||
| Q4 24 | — | $868.3M | ||
| Q3 24 | — | $778.7M | ||
| Q2 24 | — | $726.2M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $3.8B | $1.4B | ||
| Q3 25 | $2.3B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $383.9M | $1.3B | ||
| Q3 24 | $435.7M | $1.3B | ||
| Q2 24 | $463.3M | $1.3B |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $6.6B | $2.6B | ||
| Q3 25 | $4.3B | $2.5B | ||
| Q2 25 | $1.3B | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $508.4M | $2.3B | ||
| Q3 24 | $497.9M | $2.2B | ||
| Q2 24 | $517.4M | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.84× | ||
| Q2 25 | — | 0.70× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.55× |
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 | — |
| Free Cash FlowOCF − Capex | $-83.3M | — |
| FCF MarginFCF / Revenue | -134.6% | — |
| Capex IntensityCapex / Revenue | 14.2% | — |
| Cash ConversionOCF / Net Profit | -0.10× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-307.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-74.5M | $109.5M | ||
| Q3 25 | $-123.1M | $28.0M | ||
| Q2 25 | $-52.6M | $30.6M | ||
| Q1 25 | — | $22.1M | ||
| Q4 24 | $-39.4M | $90.2M | ||
| Q3 24 | $-19.2M | $25.1M | ||
| Q2 24 | $-26.6M | $25.4M |
| Q1 26 | — | — | ||
| 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 | — |
| Q1 26 | — | — | ||
| 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% | — |
| Q1 26 | — | — | ||
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | -0.10× | 82.46× | ||
| Q3 25 | — | 45.27× | ||
| Q2 25 | — | 9.36× | ||
| Q1 25 | — | 13.06× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
NTST
| Rental revenue (including reimbursable) | $54.0M | 95% |
| Other | $3.0M | 5% |
