vs
Side-by-side financial comparison of IonQ, Inc. (IONQ) and OLAPLEX HOLDINGS, INC. (OLPX). Click either name above to swap in a different company.
OLAPLEX HOLDINGS, INC. is the larger business by last-quarter revenue ($105.1M vs $61.9M, roughly 1.7× IonQ, Inc.). IonQ, Inc. runs the higher net margin — 1217.8% vs -12.5%, a 1230.2% gap on every dollar of revenue. On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs 4.3%). OLAPLEX HOLDINGS, INC. produced more free cash flow last quarter ($32.6M 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.
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
IONQ vs OLPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.9M | $105.1M |
| Net Profit | $753.7M | $-13.1M |
| Gross Margin | — | 68.0% |
| Operating Margin | -369.4% | -4.3% |
| Net Margin | 1217.8% | -12.5% |
| Revenue YoY | 428.5% | 4.3% |
| Net Profit YoY | 473.1% | -48.9% |
| EPS (diluted) | $2.60 | $-0.02 |
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 | $105.1M | ||
| Q3 25 | $39.9M | $114.6M | ||
| Q2 25 | $20.7M | $106.3M | ||
| Q1 25 | — | $97.0M | ||
| Q4 24 | $11.7M | $100.7M | ||
| Q3 24 | $12.4M | $119.1M | ||
| Q2 24 | $11.4M | $103.9M | ||
| Q1 24 | — | $98.9M |
| Q4 25 | $753.7M | $-13.1M | ||
| Q3 25 | $-1.1B | $11.1M | ||
| Q2 25 | $-176.8M | $-7.7M | ||
| Q1 25 | — | $465.0K | ||
| Q4 24 | $-202.0M | $-8.8M | ||
| Q3 24 | $-52.5M | $14.8M | ||
| Q2 24 | $-37.6M | $5.8M | ||
| Q1 24 | — | $7.7M |
| Q4 25 | — | 68.0% | ||
| Q3 25 | — | 69.1% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 69.5% | ||
| Q4 24 | — | 66.3% | ||
| Q3 24 | — | 68.6% | ||
| Q2 24 | — | 69.7% | ||
| Q1 24 | — | 72.1% |
| Q4 25 | -369.4% | -4.3% | ||
| Q3 25 | -423.5% | 3.7% | ||
| Q2 25 | -776.0% | -1.1% | ||
| Q1 25 | — | 8.7% | ||
| Q4 24 | -661.9% | 3.0% | ||
| Q3 24 | -428.5% | 23.5% | ||
| Q2 24 | -430.0% | 15.7% | ||
| Q1 24 | — | 19.8% |
| Q4 25 | 1217.8% | -12.5% | ||
| Q3 25 | -2646.3% | 9.7% | ||
| Q2 25 | -854.5% | -7.3% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | -1725.0% | -8.7% | ||
| Q3 24 | -423.4% | 12.4% | ||
| Q2 24 | -330.0% | 5.6% | ||
| Q1 24 | — | 7.8% |
| Q4 25 | $2.60 | $-0.02 | ||
| Q3 25 | $-3.58 | $0.02 | ||
| Q2 25 | $-0.70 | $-0.01 | ||
| Q1 25 | — | $0.00 | ||
| Q4 24 | $-0.95 | $-0.01 | ||
| Q3 24 | $-0.24 | $0.02 | ||
| Q2 24 | $-0.18 | $0.01 | ||
| Q1 24 | — | $0.01 |
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 | $318.7M |
| Total DebtLower is stronger | — | $352.3M |
| Stockholders' EquityBook value | $3.8B | $879.4M |
| Total Assets | $6.6B | $1.5B |
| Debt / EquityLower = less leverage | — | 0.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4B | $318.7M | ||
| Q3 25 | $1.1B | $286.4M | ||
| Q2 25 | $546.9M | $289.3M | ||
| Q1 25 | — | $580.9M | ||
| Q4 24 | $340.3M | $586.0M | ||
| Q3 24 | $365.7M | $538.8M | ||
| Q2 24 | $369.8M | $507.9M | ||
| Q1 24 | — | $507.5M |
| Q4 25 | — | $352.3M | ||
| Q3 25 | — | $352.1M | ||
| Q2 25 | — | $351.9M | ||
| Q1 25 | — | $649.1M | ||
| Q4 24 | — | $650.5M | ||
| Q3 24 | — | $651.8M | ||
| Q2 24 | — | $653.1M | ||
| Q1 24 | — | $654.4M |
| Q4 25 | $3.8B | $879.4M | ||
| Q3 25 | $2.3B | $888.7M | ||
| Q2 25 | $1.2B | $874.2M | ||
| Q1 25 | — | $878.3M | ||
| Q4 24 | $383.9M | $874.4M | ||
| Q3 24 | $435.7M | $879.7M | ||
| Q2 24 | $463.3M | $863.3M | ||
| Q1 24 | — | $855.7M |
| Q4 25 | $6.6B | $1.5B | ||
| Q3 25 | $4.3B | $1.5B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $508.4M | $1.8B | ||
| Q3 24 | $497.9M | $1.8B | ||
| Q2 24 | $517.4M | $1.8B | ||
| Q1 24 | — | $1.8B |
| Q4 25 | — | 0.40× | ||
| Q3 25 | — | 0.40× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.76× |
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 | $32.7M |
| Free Cash FlowOCF − Capex | $-83.3M | $32.6M |
| FCF MarginFCF / Revenue | -134.6% | 31.0% |
| Capex IntensityCapex / Revenue | 14.2% | 0.1% |
| Cash ConversionOCF / Net Profit | -0.10× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-307.3M | $58.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-74.5M | $32.7M | ||
| Q3 25 | $-123.1M | $8.0M | ||
| Q2 25 | $-52.6M | $20.9M | ||
| Q1 25 | — | $-2.9M | ||
| Q4 24 | $-39.4M | $49.7M | ||
| Q3 24 | $-19.2M | $33.5M | ||
| Q2 24 | $-26.6M | $16.2M | ||
| Q1 24 | — | $43.7M |
| Q4 25 | $-83.3M | $32.6M | ||
| Q3 25 | $-127.2M | $7.9M | ||
| Q2 25 | $-53.8M | $20.8M | ||
| Q1 25 | — | $-3.0M | ||
| Q4 24 | $-43.0M | $49.2M | ||
| Q3 24 | $-23.0M | $33.3M | ||
| Q2 24 | $-34.1M | $16.1M | ||
| Q1 24 | — | $43.3M |
| Q4 25 | -134.6% | 31.0% | ||
| Q3 25 | -319.1% | 6.9% | ||
| Q2 25 | -259.8% | 19.6% | ||
| Q1 25 | — | -3.1% | ||
| Q4 24 | -367.4% | 48.9% | ||
| Q3 24 | -185.3% | 28.0% | ||
| Q2 24 | -299.3% | 15.5% | ||
| Q1 24 | — | 43.7% |
| Q4 25 | 14.2% | 0.1% | ||
| Q3 25 | 10.4% | 0.1% | ||
| Q2 25 | 5.8% | 0.1% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | 30.7% | 0.4% | ||
| Q3 24 | 30.4% | 0.1% | ||
| Q2 24 | 65.8% | 0.1% | ||
| Q1 24 | — | 0.5% |
| Q4 25 | -0.10× | — | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -6.27× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.26× | ||
| Q2 24 | — | 2.81× | ||
| Q1 24 | — | 5.64× |
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% |
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
