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Side-by-side financial comparison of IonQ, Inc. (IONQ) and Orchid Island Capital, Inc. (ORC). Click either name above to swap in a different company.
IonQ, Inc. is the larger business by last-quarter revenue ($61.9M vs $38.5M, roughly 1.6× Orchid Island Capital, Inc.). IonQ, Inc. runs the higher net margin — 1217.8% vs 268.7%, a 949.0% gap on every dollar of revenue. On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs 372.6%).
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.
Orchid Island Capital, Inc. is a U.S.-based specialty finance company operating as a real estate investment trust. It primarily invests in residential mortgage-backed securities, including agency and non-agency products, targeting consistent risk-adjusted returns for its investors across U.S. fixed income markets.
IONQ vs ORC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.9M | $38.5M |
| Net Profit | $753.7M | $103.4M |
| Gross Margin | — | — |
| Operating Margin | -369.4% | — |
| Net Margin | 1217.8% | 268.7% |
| Revenue YoY | 428.5% | 372.6% |
| Net Profit YoY | 473.1% | 1764.9% |
| EPS (diluted) | $2.60 | — |
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 | $38.5M | ||
| Q3 25 | $39.9M | $26.9M | ||
| Q2 25 | $20.7M | $23.2M | ||
| Q1 25 | — | $19.7M | ||
| Q4 24 | $11.7M | — | ||
| Q3 24 | $12.4M | $340.0K | ||
| Q2 24 | $11.4M | $-697.0K | ||
| Q1 24 | — | $-2.5M |
| Q4 25 | $753.7M | $103.4M | ||
| Q3 25 | $-1.1B | $72.1M | ||
| Q2 25 | $-176.8M | $-33.6M | ||
| Q1 25 | — | $17.1M | ||
| Q4 24 | $-202.0M | — | ||
| Q3 24 | $-52.5M | $17.3M | ||
| Q2 24 | $-37.6M | $-5.0M | ||
| Q1 24 | — | $19.8M |
| Q4 25 | -369.4% | — | ||
| Q3 25 | -423.5% | — | ||
| Q2 25 | -776.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -661.9% | — | ||
| Q3 24 | -428.5% | — | ||
| Q2 24 | -430.0% | — | ||
| Q1 24 | — | — |
| Q4 25 | 1217.8% | 268.7% | ||
| Q3 25 | -2646.3% | 267.8% | ||
| Q2 25 | -854.5% | -145.0% | ||
| Q1 25 | — | 86.9% | ||
| Q4 24 | -1725.0% | — | ||
| Q3 24 | -423.4% | 5094.1% | ||
| Q2 24 | -330.0% | 714.3% | ||
| Q1 24 | — | -794.2% |
| Q4 25 | $2.60 | — | ||
| Q3 25 | $-3.58 | — | ||
| Q2 25 | $-0.70 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-0.95 | — | ||
| Q3 24 | $-0.24 | — | ||
| Q2 24 | $-0.18 | — | ||
| Q1 24 | — | — |
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 | $665.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.8B | $1.4B |
| Total Assets | $6.6B | $11.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4B | $665.9M | ||
| Q3 25 | $1.1B | $583.9M | ||
| Q2 25 | $546.9M | $440.8M | ||
| Q1 25 | — | $396.4M | ||
| Q4 24 | $340.3M | — | ||
| Q3 24 | $365.7M | $322.1M | ||
| Q2 24 | $369.8M | $241.0M | ||
| Q1 24 | — | $190.4M |
| Q4 25 | $3.8B | $1.4B | ||
| Q3 25 | $2.3B | $1.1B | ||
| Q2 25 | $1.2B | $912.0M | ||
| Q1 25 | — | $855.9M | ||
| Q4 24 | $383.9M | — | ||
| Q3 24 | $435.7M | $656.0M | ||
| Q2 24 | $463.3M | $555.9M | ||
| Q1 24 | — | $481.6M |
| Q4 25 | $6.6B | $11.7B | ||
| Q3 25 | $4.3B | $9.1B | ||
| Q2 25 | $1.3B | $7.6B | ||
| Q1 25 | — | $7.3B | ||
| Q4 24 | $508.4M | — | ||
| Q3 24 | $497.9M | $5.9B | ||
| Q2 24 | $517.4M | $4.9B | ||
| Q1 24 | — | $4.2B |
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 | $120.4M |
| Free Cash FlowOCF − Capex | $-83.3M | — |
| FCF MarginFCF / Revenue | -134.6% | — |
| Capex IntensityCapex / Revenue | 14.2% | — |
| Cash ConversionOCF / Net Profit | -0.10× | 1.16× |
| TTM Free Cash FlowTrailing 4 quarters | $-307.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-74.5M | $120.4M | ||
| Q3 25 | $-123.1M | $28.0M | ||
| Q2 25 | $-52.6M | $18.4M | ||
| Q1 25 | — | $25.8M | ||
| Q4 24 | $-39.4M | — | ||
| Q3 24 | $-19.2M | $-14.8M | ||
| Q2 24 | $-26.6M | $19.3M | ||
| Q1 24 | — | $45.0M |
| 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 24 | — | — |
| 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 24 | — | — |
| 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 24 | — | — |
| Q4 25 | -0.10× | 1.16× | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.86× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.28× |
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% |
ORC
Segment breakdown not available.
