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Side-by-side financial comparison of IonQ, Inc. (IONQ) and SOUTH PLAINS FINANCIAL, INC. (SPFI). Click either name above to swap in a different company.

IonQ, Inc. is the larger business by last-quarter revenue ($61.9M vs $54.1M, roughly 1.1× SOUTH PLAINS FINANCIAL, INC.). IonQ, Inc. runs the higher net margin — 1217.8% vs 26.9%, a 1190.9% 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.

Ally Financial Inc. is an American bank holding company incorporated in Delaware and headquartered at Ally Detroit Center in Detroit, Michigan. The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements.

IONQ vs SPFI — Head-to-Head

Bigger by revenue
IONQ
IONQ
1.1× larger
IONQ
$61.9M
$54.1M
SPFI
Higher net margin
IONQ
IONQ
1190.9% more per $
IONQ
1217.8%
26.9%
SPFI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IONQ
IONQ
SPFI
SPFI
Revenue
$61.9M
$54.1M
Net Profit
$753.7M
$14.5M
Gross Margin
Operating Margin
-369.4%
Net Margin
1217.8%
26.9%
Revenue YoY
428.5%
Net Profit YoY
473.1%
18.3%
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.

Revenue
IONQ
IONQ
SPFI
SPFI
Q1 26
$54.1M
Q4 25
$61.9M
$53.9M
Q3 25
$39.9M
$54.2M
Q2 25
$20.7M
$54.7M
Q1 25
$49.2M
Q4 24
$11.7M
$51.9M
Q3 24
$12.4M
$47.9M
Q2 24
$11.4M
$48.6M
Net Profit
IONQ
IONQ
SPFI
SPFI
Q1 26
$14.5M
Q4 25
$753.7M
Q3 25
$-1.1B
$16.3M
Q2 25
$-176.8M
$14.6M
Q1 25
$12.3M
Q4 24
$-202.0M
Q3 24
$-52.5M
$11.2M
Q2 24
$-37.6M
$11.1M
Operating Margin
IONQ
IONQ
SPFI
SPFI
Q1 26
Q4 25
-369.4%
35.4%
Q3 25
-423.5%
38.1%
Q2 25
-776.0%
34.1%
Q1 25
31.9%
Q4 24
-661.9%
39.9%
Q3 24
-428.5%
29.8%
Q2 24
-430.0%
29.3%
Net Margin
IONQ
IONQ
SPFI
SPFI
Q1 26
26.9%
Q4 25
1217.8%
Q3 25
-2646.3%
30.1%
Q2 25
-854.5%
26.7%
Q1 25
25.0%
Q4 24
-1725.0%
Q3 24
-423.4%
23.4%
Q2 24
-330.0%
22.9%
EPS (diluted)
IONQ
IONQ
SPFI
SPFI
Q1 26
Q4 25
$2.60
$0.90
Q3 25
$-3.58
$0.96
Q2 25
$-0.70
$0.86
Q1 25
$0.72
Q4 24
$-0.95
$0.96
Q3 24
$-0.24
$0.66
Q2 24
$-0.18
$0.66

Balance Sheet & Financial Strength

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

Metric
IONQ
IONQ
SPFI
SPFI
Cash + ST InvestmentsLiquidity on hand
$2.4B
$722.0M
Total DebtLower is stronger
$3.0K
Stockholders' EquityBook value
$3.8B
$504.9M
Total Assets
$6.6B
$4.6B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IONQ
IONQ
SPFI
SPFI
Q1 26
$722.0M
Q4 25
$2.4B
$552.4M
Q3 25
$1.1B
$635.0M
Q2 25
$546.9M
$470.5M
Q1 25
$536.3M
Q4 24
$340.3M
$359.1M
Q3 24
$365.7M
$471.2M
Q2 24
$369.8M
$298.0M
Total Debt
IONQ
IONQ
SPFI
SPFI
Q1 26
$3.0K
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
IONQ
IONQ
SPFI
SPFI
Q1 26
$504.9M
Q4 25
$3.8B
$493.8M
Q3 25
$2.3B
$477.8M
Q2 25
$1.2B
$454.1M
Q1 25
$443.7M
Q4 24
$383.9M
$438.9M
Q3 24
$435.7M
$443.1M
Q2 24
$463.3M
$418.0M
Total Assets
IONQ
IONQ
SPFI
SPFI
Q1 26
$4.6B
Q4 25
$6.6B
$4.5B
Q3 25
$4.3B
$4.5B
Q2 25
$1.3B
$4.4B
Q1 25
$4.4B
Q4 24
$508.4M
$4.2B
Q3 24
$497.9M
$4.3B
Q2 24
$517.4M
$4.2B
Debt / Equity
IONQ
IONQ
SPFI
SPFI
Q1 26
0.00×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

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
SPFI
SPFI
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
SPFI
SPFI
Q1 26
Q4 25
$-74.5M
$77.5M
Q3 25
$-123.1M
$24.2M
Q2 25
$-52.6M
$14.7M
Q1 25
$26.1M
Q4 24
$-39.4M
$59.4M
Q3 24
$-19.2M
$17.9M
Q2 24
$-26.6M
$18.2M
Free Cash Flow
IONQ
IONQ
SPFI
SPFI
Q1 26
Q4 25
$-83.3M
$71.8M
Q3 25
$-127.2M
$22.5M
Q2 25
$-53.8M
$13.0M
Q1 25
$25.0M
Q4 24
$-43.0M
$56.0M
Q3 24
$-23.0M
$17.1M
Q2 24
$-34.1M
$17.1M
FCF Margin
IONQ
IONQ
SPFI
SPFI
Q1 26
Q4 25
-134.6%
133.3%
Q3 25
-319.1%
41.5%
Q2 25
-259.8%
23.8%
Q1 25
50.8%
Q4 24
-367.4%
108.0%
Q3 24
-185.3%
35.7%
Q2 24
-299.3%
35.2%
Capex Intensity
IONQ
IONQ
SPFI
SPFI
Q1 26
Q4 25
14.2%
10.5%
Q3 25
10.4%
3.2%
Q2 25
5.8%
3.2%
Q1 25
2.3%
Q4 24
30.7%
6.5%
Q3 24
30.4%
1.6%
Q2 24
65.8%
2.2%
Cash Conversion
IONQ
IONQ
SPFI
SPFI
Q1 26
Q4 25
-0.10×
Q3 25
1.48×
Q2 25
1.01×
Q1 25
2.12×
Q4 24
Q3 24
1.59×
Q2 24
1.63×

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%

SPFI
SPFI

Net Interest Income$42.9M79%
Noninterest Income$11.3M21%

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