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Side-by-side financial comparison of IonQ, Inc. (IONQ) and Orange County Bancorp, Inc. (OBT). Click either name above to swap in a different company.
IonQ, Inc. is the larger business by last-quarter revenue ($61.9M vs $33.0M, roughly 1.9× Orange County Bancorp, Inc.). IonQ, Inc. runs the higher net margin — 1217.8% vs 37.6%, a 1180.1% gap on every dollar of revenue. On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs 20.6%). Orange County Bancorp, Inc. produced more free cash flow last quarter ($41.3M 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.
Orange County Bancorp, Inc. is a Delaware-registered bank holding company operating mainly in New York, U.S. It offers a full range of retail and commercial banking services, including deposit accounts, loans and wealth management solutions, serving individual consumers, small and mid-sized corporate clients in its regional footprint.
IONQ vs OBT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.9M | $33.0M |
| Net Profit | $753.7M | $12.4M |
| Gross Margin | — | — |
| Operating Margin | -369.4% | 41.4% |
| Net Margin | 1217.8% | 37.6% |
| Revenue YoY | 428.5% | 20.6% |
| Net Profit YoY | 473.1% | 73.5% |
| EPS (diluted) | $2.60 | $0.94 |
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 | $33.0M | ||
| Q3 25 | $39.9M | $33.7M | ||
| Q2 25 | $20.7M | $32.5M | ||
| Q1 25 | — | $28.0M | ||
| Q4 24 | $11.7M | $27.4M | ||
| Q3 24 | $12.4M | $27.1M | ||
| Q2 24 | $11.4M | $27.9M | ||
| Q1 24 | — | $25.3M |
| Q4 25 | $753.7M | $12.4M | ||
| Q3 25 | $-1.1B | $10.0M | ||
| Q2 25 | $-176.8M | $10.5M | ||
| Q1 25 | — | $8.7M | ||
| Q4 24 | $-202.0M | $7.2M | ||
| Q3 24 | $-52.5M | $3.2M | ||
| Q2 24 | $-37.6M | $8.2M | ||
| Q1 24 | — | $9.3M |
| Q4 25 | -369.4% | 41.4% | ||
| Q3 25 | -423.5% | 38.6% | ||
| Q2 25 | -776.0% | 41.9% | ||
| Q1 25 | — | 40.3% | ||
| Q4 24 | -661.9% | 32.8% | ||
| Q3 24 | -428.5% | 14.8% | ||
| Q2 24 | -430.0% | 36.6% | ||
| Q1 24 | — | 45.9% |
| Q4 25 | 1217.8% | 37.6% | ||
| Q3 25 | -2646.3% | 29.7% | ||
| Q2 25 | -854.5% | 32.2% | ||
| Q1 25 | — | 31.1% | ||
| Q4 24 | -1725.0% | 26.2% | ||
| Q3 24 | -423.4% | 11.8% | ||
| Q2 24 | -330.0% | 29.4% | ||
| Q1 24 | — | 36.7% |
| Q4 25 | $2.60 | $0.94 | ||
| Q3 25 | $-3.58 | $0.75 | ||
| Q2 25 | $-0.70 | $0.87 | ||
| Q1 25 | — | $0.77 | ||
| Q4 24 | $-0.95 | $0.64 | ||
| Q3 24 | $-0.24 | $0.28 | ||
| Q2 24 | $-0.18 | $0.73 | ||
| Q1 24 | — | $0.82 |
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 | $284.4M |
| Total Assets | $6.6B | $2.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | — | — |
| Q4 25 | $3.8B | $284.4M | ||
| Q3 25 | $2.3B | $270.1M | ||
| Q2 25 | $1.2B | $252.6M | ||
| Q1 25 | — | $201.3M | ||
| Q4 24 | $383.9M | $185.5M | ||
| Q3 24 | $435.7M | $193.1M | ||
| Q2 24 | $463.3M | $177.5M | ||
| Q1 24 | — | $168.7M |
| Q4 25 | $6.6B | $2.7B | ||
| Q3 25 | $4.3B | $2.6B | ||
| Q2 25 | $1.3B | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | $508.4M | $2.5B | ||
| Q3 24 | $497.9M | $2.5B | ||
| Q2 24 | $517.4M | $2.5B | ||
| Q1 24 | — | $2.5B |
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 | $43.8M |
| Free Cash FlowOCF − Capex | $-83.3M | $41.3M |
| FCF MarginFCF / Revenue | -134.6% | 125.1% |
| Capex IntensityCapex / Revenue | 14.2% | 7.6% |
| Cash ConversionOCF / Net Profit | -0.10× | 3.53× |
| TTM Free Cash FlowTrailing 4 quarters | $-307.3M | $69.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-74.5M | $43.8M | ||
| Q3 25 | $-123.1M | $30.2M | ||
| Q2 25 | $-52.6M | $-5.0M | ||
| Q1 25 | — | $4.8M | ||
| Q4 24 | $-39.4M | $34.6M | ||
| Q3 24 | $-19.2M | $10.2M | ||
| Q2 24 | $-26.6M | $9.3M | ||
| Q1 24 | — | $2.3M |
| Q4 25 | $-83.3M | $41.3M | ||
| Q3 25 | $-127.2M | $29.6M | ||
| Q2 25 | $-53.8M | $-5.7M | ||
| Q1 25 | — | $4.3M | ||
| Q4 24 | $-43.0M | $32.9M | ||
| Q3 24 | $-23.0M | $10.0M | ||
| Q2 24 | $-34.1M | $9.2M | ||
| Q1 24 | — | $2.0M |
| Q4 25 | -134.6% | 125.1% | ||
| Q3 25 | -319.1% | 87.8% | ||
| Q2 25 | -259.8% | -17.5% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | -367.4% | 120.0% | ||
| Q3 24 | -185.3% | 36.7% | ||
| Q2 24 | -299.3% | 32.8% | ||
| Q1 24 | — | 7.9% |
| Q4 25 | 14.2% | 7.6% | ||
| Q3 25 | 10.4% | 1.8% | ||
| Q2 25 | 5.8% | 2.3% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | 30.7% | 6.3% | ||
| Q3 24 | 30.4% | 1.1% | ||
| Q2 24 | 65.8% | 0.4% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | -0.10× | 3.53× | ||
| Q3 25 | — | 3.01× | ||
| Q2 25 | — | -0.47× | ||
| Q1 25 | — | 0.56× | ||
| Q4 24 | — | 4.83× | ||
| Q3 24 | — | 3.19× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | — | 0.24× |
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% |
OBT
Segment breakdown not available.
