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Side-by-side financial comparison of IonQ, Inc. (IONQ) and SolarMax Technology, Inc. (SMXT). Click either name above to swap in a different company.
IonQ, Inc. is the larger business by last-quarter revenue ($61.9M vs $46.6M, roughly 1.3× SolarMax Technology, Inc.). IonQ, Inc. runs the higher net margin — 1217.8% vs -1.9%, a 1219.6% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs 428.5%).
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.
SolarMax Technology, Inc. develops, manufactures and sells high-efficiency solar PV modules and clean energy systems. It serves residential, commercial and industrial clients in North America and key Asia-Pacific markets, offering installation and after-sales support to boost low-carbon energy use.
IONQ vs SMXT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.9M | $46.6M |
| Net Profit | $753.7M | $-872.2K |
| Gross Margin | — | 2.7% |
| Operating Margin | -369.4% | -2.7% |
| Net Margin | 1217.8% | -1.9% |
| Revenue YoY | 428.5% | 623.5% |
| Net Profit YoY | 473.1% | 77.7% |
| 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 | $46.6M | ||
| Q3 25 | $39.9M | $30.6M | ||
| Q2 25 | $20.7M | $6.9M | ||
| Q1 25 | — | $6.9M | ||
| Q4 24 | $11.7M | $6.4M | ||
| Q3 24 | $12.4M | $6.3M | ||
| Q2 24 | $11.4M | — |
| Q4 25 | $753.7M | $-872.2K | ||
| Q3 25 | $-1.1B | $-2.3M | ||
| Q2 25 | $-176.8M | $-1.9M | ||
| Q1 25 | — | $-1.3M | ||
| Q4 24 | $-202.0M | $-3.9M | ||
| Q3 24 | $-52.5M | $-9.6M | ||
| Q2 24 | $-37.6M | — |
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 8.8% | ||
| Q1 25 | — | 20.5% | ||
| Q4 24 | — | 14.5% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | — |
| Q4 25 | -369.4% | -2.7% | ||
| Q3 25 | -423.5% | -6.9% | ||
| Q2 25 | -776.0% | -25.7% | ||
| Q1 25 | — | -16.7% | ||
| Q4 24 | -661.9% | -27.9% | ||
| Q3 24 | -428.5% | -158.4% | ||
| Q2 24 | -430.0% | — |
| Q4 25 | 1217.8% | -1.9% | ||
| Q3 25 | -2646.3% | -7.4% | ||
| Q2 25 | -854.5% | -27.6% | ||
| Q1 25 | — | -18.7% | ||
| Q4 24 | -1725.0% | -60.6% | ||
| Q3 24 | -423.4% | -152.0% | ||
| Q2 24 | -330.0% | — |
| Q4 25 | $2.60 | $-0.02 | ||
| Q3 25 | $-3.58 | $-0.04 | ||
| Q2 25 | $-0.70 | $-0.04 | ||
| Q1 25 | — | $-0.03 | ||
| Q4 24 | $-0.95 | $-0.07 | ||
| Q3 24 | $-0.24 | $-0.21 | ||
| Q2 24 | $-0.18 | — |
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 | $8.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.8B | $-12.2M |
| Total Assets | $6.6B | $91.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4B | $8.0M | ||
| Q3 25 | $1.1B | $5.7M | ||
| Q2 25 | $546.9M | $1.9M | ||
| Q1 25 | — | $6.8M | ||
| Q4 24 | $340.3M | $7.1M | ||
| Q3 24 | $365.7M | $8.6M | ||
| Q2 24 | $369.8M | — |
| Q4 25 | $3.8B | $-12.2M | ||
| Q3 25 | $2.3B | $-11.8M | ||
| Q2 25 | $1.2B | $-15.1M | ||
| Q1 25 | — | $-15.9M | ||
| Q4 24 | $383.9M | $-15.1M | ||
| Q3 24 | $435.7M | $-10.9M | ||
| Q2 24 | $463.3M | — |
| Q4 25 | $6.6B | $91.3M | ||
| Q3 25 | $4.3B | $58.7M | ||
| Q2 25 | $1.3B | $38.2M | ||
| Q1 25 | — | $38.6M | ||
| Q4 24 | $508.4M | $38.6M | ||
| Q3 24 | $497.9M | $43.0M | ||
| Q2 24 | $517.4M | — |
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 | $-2.5M |
| 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.
| Q4 25 | $-74.5M | $-2.5M | ||
| Q3 25 | $-123.1M | $3.4M | ||
| Q2 25 | $-52.6M | $220.7K | ||
| Q1 25 | — | $-601.1K | ||
| Q4 24 | $-39.4M | $-1.3M | ||
| Q3 24 | $-19.2M | $203.6K | ||
| Q2 24 | $-26.6M | — |
| 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 | — |
| 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% | — |
| Q4 25 | 14.2% | — | ||
| Q3 25 | 10.4% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 30.7% | — | ||
| Q3 24 | 30.4% | 0.0% | ||
| Q2 24 | 65.8% | — |
| 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% |
SMXT
| Yabucoa | $35.9M | 77% |
| Other | $10.7M | 23% |
