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

OLD SECOND BANCORP INC is the larger business by last-quarter revenue ($93.8M vs $61.9M, roughly 1.5× IonQ, Inc.). IonQ, Inc. runs the higher net margin — 1217.8% vs 27.3%, a 1190.5% gap on every dollar of revenue.

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.

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

IONQ vs OSBC — Head-to-Head

Bigger by revenue
OSBC
OSBC
1.5× larger
OSBC
$93.8M
$61.9M
IONQ
Higher net margin
IONQ
IONQ
1190.5% more per $
IONQ
1217.8%
27.3%
OSBC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IONQ
IONQ
OSBC
OSBC
Revenue
$61.9M
$93.8M
Net Profit
$753.7M
$25.6M
Gross Margin
Operating Margin
-369.4%
Net Margin
1217.8%
27.3%
Revenue YoY
428.5%
Net Profit YoY
473.1%
159.2%
EPS (diluted)
$2.60
$0.48

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
OSBC
OSBC
Q1 26
$93.8M
Q4 25
$61.9M
$95.2M
Q3 25
$39.9M
$95.9M
Q2 25
$20.7M
$75.1M
Q1 25
$73.1M
Q4 24
$11.7M
$73.2M
Q3 24
$12.4M
$71.2M
Q2 24
$11.4M
$70.8M
Net Profit
IONQ
IONQ
OSBC
OSBC
Q1 26
$25.6M
Q4 25
$753.7M
Q3 25
$-1.1B
$9.9M
Q2 25
$-176.8M
$21.8M
Q1 25
$19.8M
Q4 24
$-202.0M
Q3 24
$-52.5M
$23.0M
Q2 24
$-37.6M
$21.9M
Operating Margin
IONQ
IONQ
OSBC
OSBC
Q1 26
Q4 25
-369.4%
41.2%
Q3 25
-423.5%
13.6%
Q2 25
-776.0%
38.9%
Q1 25
35.8%
Q4 24
-661.9%
34.7%
Q3 24
-428.5%
41.9%
Q2 24
-430.0%
41.2%
Net Margin
IONQ
IONQ
OSBC
OSBC
Q1 26
27.3%
Q4 25
1217.8%
Q3 25
-2646.3%
10.3%
Q2 25
-854.5%
29.0%
Q1 25
27.1%
Q4 24
-1725.0%
Q3 24
-423.4%
32.3%
Q2 24
-330.0%
30.9%
EPS (diluted)
IONQ
IONQ
OSBC
OSBC
Q1 26
$0.48
Q4 25
$2.60
$0.53
Q3 25
$-3.58
$0.18
Q2 25
$-0.70
$0.48
Q1 25
$0.43
Q4 24
$-0.95
$0.42
Q3 24
$-0.24
$0.50
Q2 24
$-0.18
$0.48

Balance Sheet & Financial Strength

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

Metric
IONQ
IONQ
OSBC
OSBC
Cash + ST InvestmentsLiquidity on hand
$2.4B
$115.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.8B
$893.3M
Total Assets
$6.6B
$6.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IONQ
IONQ
OSBC
OSBC
Q1 26
$115.7M
Q4 25
$2.4B
$124.0M
Q3 25
$1.1B
$116.5M
Q2 25
$546.9M
$141.8M
Q1 25
$256.1M
Q4 24
$340.3M
$99.3M
Q3 24
$365.7M
$115.8M
Q2 24
$369.8M
$120.9M
Stockholders' Equity
IONQ
IONQ
OSBC
OSBC
Q1 26
$893.3M
Q4 25
$3.8B
$896.8M
Q3 25
$2.3B
$866.7M
Q2 25
$1.2B
$718.6M
Q1 25
$694.5M
Q4 24
$383.9M
$671.0M
Q3 24
$435.7M
$661.4M
Q2 24
$463.3M
$619.3M
Total Assets
IONQ
IONQ
OSBC
OSBC
Q1 26
$6.8B
Q4 25
$6.6B
$6.9B
Q3 25
$4.3B
$7.0B
Q2 25
$1.3B
$5.7B
Q1 25
$5.7B
Q4 24
$508.4M
$5.6B
Q3 24
$497.9M
$5.7B
Q2 24
$517.4M
$5.7B

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
OSBC
OSBC
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.

Operating Cash Flow
IONQ
IONQ
OSBC
OSBC
Q1 26
Q4 25
$-74.5M
$122.3M
Q3 25
$-123.1M
$35.9M
Q2 25
$-52.6M
$24.2M
Q1 25
$17.8M
Q4 24
$-39.4M
$131.5M
Q3 24
$-19.2M
$48.5M
Q2 24
$-26.6M
$11.6M
Free Cash Flow
IONQ
IONQ
OSBC
OSBC
Q1 26
Q4 25
$-83.3M
$117.8M
Q3 25
$-127.2M
$34.7M
Q2 25
$-53.8M
$23.5M
Q1 25
$16.2M
Q4 24
$-43.0M
$120.7M
Q3 24
$-23.0M
$46.2M
Q2 24
$-34.1M
$8.7M
FCF Margin
IONQ
IONQ
OSBC
OSBC
Q1 26
Q4 25
-134.6%
123.7%
Q3 25
-319.1%
36.2%
Q2 25
-259.8%
31.2%
Q1 25
22.2%
Q4 24
-367.4%
165.0%
Q3 24
-185.3%
64.9%
Q2 24
-299.3%
12.3%
Capex Intensity
IONQ
IONQ
OSBC
OSBC
Q1 26
Q4 25
14.2%
4.7%
Q3 25
10.4%
1.3%
Q2 25
5.8%
1.1%
Q1 25
2.2%
Q4 24
30.7%
14.7%
Q3 24
30.4%
3.3%
Q2 24
65.8%
4.2%
Cash Conversion
IONQ
IONQ
OSBC
OSBC
Q1 26
Q4 25
-0.10×
Q3 25
3.64×
Q2 25
1.11×
Q1 25
0.90×
Q4 24
Q3 24
2.11×
Q2 24
0.53×

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%

OSBC
OSBC

Net Interest Income$81.1M87%
Noninterest Income$12.6M13%

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