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Side-by-side financial comparison of IonQ, Inc. (IONQ) and PROCEPT BioRobotics Corp (PRCT). Click either name above to swap in a different company.
PROCEPT BioRobotics Corp is the larger business by last-quarter revenue ($83.1M vs $61.9M, roughly 1.3× IonQ, Inc.). IonQ, Inc. runs the higher net margin — 1217.8% vs -38.1%, a 1255.8% gap on every dollar of revenue. On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs 20.2%).
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.
PROCEPT BioRobotics Corp is a medical tech firm developing and commercializing robotic surgical solutions for urological care. Its flagship AquaBeam system provides image-guided minimally invasive therapy for benign prostatic hyperplasia, serving providers and patients across North America, Europe and global markets.
IONQ vs PRCT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $61.9M | $83.1M |
| Net Profit | $753.7M | $-31.6M |
| Gross Margin | — | 64.9% |
| Operating Margin | -369.4% | -4.1% |
| Net Margin | 1217.8% | -38.1% |
| Revenue YoY | 428.5% | 20.2% |
| Net Profit YoY | 473.1% | -27.9% |
| EPS (diluted) | $2.60 | $-0.56 |
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 | — | $83.1M | ||
| Q4 25 | $61.9M | $76.4M | ||
| Q3 25 | $39.9M | $83.3M | ||
| Q2 25 | $20.7M | $79.2M | ||
| Q1 25 | — | $69.2M | ||
| Q4 24 | $11.7M | $68.2M | ||
| Q3 24 | $12.4M | $58.4M | ||
| Q2 24 | $11.4M | $53.4M |
| Q1 26 | — | $-31.6M | ||
| Q4 25 | $753.7M | $-29.8M | ||
| Q3 25 | $-1.1B | $-21.4M | ||
| Q2 25 | $-176.8M | $-19.6M | ||
| Q1 25 | — | $-24.7M | ||
| Q4 24 | $-202.0M | $-18.9M | ||
| Q3 24 | $-52.5M | $-21.0M | ||
| Q2 24 | $-37.6M | $-25.6M |
| Q1 26 | — | 64.9% | ||
| Q4 25 | — | 60.6% | ||
| Q3 25 | — | 64.8% | ||
| Q2 25 | — | 65.4% | ||
| Q1 25 | — | 63.9% | ||
| Q4 24 | — | 64.0% | ||
| Q3 24 | — | 63.2% | ||
| Q2 24 | — | 59.0% |
| Q1 26 | — | -4.1% | ||
| Q4 25 | -369.4% | -40.6% | ||
| Q3 25 | -423.5% | -27.8% | ||
| Q2 25 | -776.0% | -28.0% | ||
| Q1 25 | — | -39.7% | ||
| Q4 24 | -661.9% | -28.9% | ||
| Q3 24 | -428.5% | -38.4% | ||
| Q2 24 | -430.0% | -50.3% |
| Q1 26 | — | -38.1% | ||
| Q4 25 | 1217.8% | -39.1% | ||
| Q3 25 | -2646.3% | -25.7% | ||
| Q2 25 | -854.5% | -24.7% | ||
| Q1 25 | — | -35.8% | ||
| Q4 24 | -1725.0% | -27.6% | ||
| Q3 24 | -423.4% | -35.9% | ||
| Q2 24 | -330.0% | -48.0% |
| Q1 26 | — | $-0.56 | ||
| Q4 25 | $2.60 | $-0.54 | ||
| Q3 25 | $-3.58 | $-0.38 | ||
| Q2 25 | $-0.70 | $-0.35 | ||
| Q1 25 | — | $-0.45 | ||
| Q4 24 | $-0.95 | $-0.34 | ||
| Q3 24 | $-0.24 | $-0.40 | ||
| Q2 24 | $-0.18 | $-0.50 |
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 | $245.6M |
| Total DebtLower is stronger | — | $51.7M |
| Stockholders' EquityBook value | $3.8B | $347.7M |
| Total Assets | $6.6B | $487.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $245.6M | ||
| Q4 25 | $2.4B | $286.5M | ||
| Q3 25 | $1.1B | $294.3M | ||
| Q2 25 | $546.9M | $302.7M | ||
| Q1 25 | — | $316.2M | ||
| Q4 24 | $340.3M | $333.7M | ||
| Q3 24 | $365.7M | $196.8M | ||
| Q2 24 | $369.8M | $214.1M |
| Q1 26 | — | $51.7M | ||
| Q4 25 | — | $51.6M | ||
| Q3 25 | — | $51.6M | ||
| Q2 25 | — | $51.5M | ||
| Q1 25 | — | $51.5M | ||
| Q4 24 | — | $51.5M | ||
| Q3 24 | — | $51.4M | ||
| Q2 24 | — | $51.4M |
| Q1 26 | — | $347.7M | ||
| Q4 25 | $3.8B | $365.9M | ||
| Q3 25 | $2.3B | $380.3M | ||
| Q2 25 | $1.2B | $385.8M | ||
| Q1 25 | — | $389.2M | ||
| Q4 24 | $383.9M | $402.2M | ||
| Q3 24 | $435.7M | $241.2M | ||
| Q2 24 | $463.3M | $251.8M |
| Q1 26 | — | $487.1M | ||
| Q4 25 | $6.6B | $508.1M | ||
| Q3 25 | $4.3B | $511.5M | ||
| Q2 25 | $1.3B | $513.1M | ||
| Q1 25 | — | $519.4M | ||
| Q4 24 | $508.4M | $534.0M | ||
| Q3 24 | $497.9M | $374.1M | ||
| Q2 24 | $517.4M | $374.4M |
| Q1 26 | — | 0.15× | ||
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.20× |
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 | $-10.3M | ||
| Q3 25 | $-123.1M | $-6.6M | ||
| Q2 25 | $-52.6M | $-15.0M | ||
| Q1 25 | — | $-17.0M | ||
| Q4 24 | $-39.4M | $-32.4M | ||
| Q3 24 | $-19.2M | $-18.8M | ||
| Q2 24 | $-26.6M | $-15.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-83.3M | $-12.2M | ||
| Q3 25 | $-127.2M | $-9.5M | ||
| Q2 25 | $-53.8M | $-17.8M | ||
| Q1 25 | — | $-18.8M | ||
| Q4 24 | $-43.0M | $-33.6M | ||
| Q3 24 | $-23.0M | $-19.0M | ||
| Q2 24 | $-34.1M | $-16.8M |
| Q1 26 | — | — | ||
| Q4 25 | -134.6% | -15.9% | ||
| Q3 25 | -319.1% | -11.4% | ||
| Q2 25 | -259.8% | -22.5% | ||
| Q1 25 | — | -27.2% | ||
| Q4 24 | -367.4% | -49.2% | ||
| Q3 24 | -185.3% | -32.6% | ||
| Q2 24 | -299.3% | -31.4% |
| Q1 26 | — | — | ||
| Q4 25 | 14.2% | 2.4% | ||
| Q3 25 | 10.4% | 3.4% | ||
| Q2 25 | 5.8% | 3.5% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | 30.7% | 1.7% | ||
| Q3 24 | 30.4% | 0.4% | ||
| Q2 24 | 65.8% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | -0.10× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| 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% |
PRCT
| Handpieces and other consumables | $43.0M | 52% |
| System sales and rentals | $23.4M | 28% |
| Other | $11.1M | 13% |
| Service | $5.6M | 7% |
