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Side-by-side financial comparison of IonQ, Inc. (IONQ) and Third Coast Bancshares, Inc. (TCBX). Click either name above to swap in a different company.
IonQ, Inc. is the larger business by last-quarter revenue ($61.9M vs $57.7M, roughly 1.1× Third Coast Bancshares, Inc.). IonQ, Inc. runs the higher net margin — 1217.8% vs 28.4%, a 1189.4% 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.
Third Coast Bancshares, Inc. is a regional financial holding company headquartered in the U.S. Gulf Coast region. It provides a full suite of commercial and retail banking services including deposit products, business and consumer loans, mortgage services, and wealth management solutions, serving local small and medium-sized enterprises, individual consumers, and community clients across Texas and surrounding areas.
IONQ vs TCBX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $61.9M | $57.7M |
| Net Profit | $753.7M | $16.4M |
| Gross Margin | — | — |
| Operating Margin | -369.4% | — |
| Net Margin | 1217.8% | 28.4% |
| Revenue YoY | 428.5% | — |
| Net Profit YoY | 473.1% | 20.5% |
| EPS (diluted) | $2.60 | $0.88 |
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 | — | $57.7M | ||
| Q4 25 | $61.9M | $56.5M | ||
| Q3 25 | $39.9M | $54.5M | ||
| Q2 25 | $20.7M | $52.0M | ||
| Q1 25 | — | $45.9M | ||
| Q4 24 | $11.7M | $46.3M | ||
| Q3 24 | $12.4M | $42.9M | ||
| Q2 24 | $11.4M | $41.7M |
| Q1 26 | — | $16.4M | ||
| Q4 25 | $753.7M | $17.9M | ||
| Q3 25 | $-1.1B | $18.1M | ||
| Q2 25 | $-176.8M | $16.7M | ||
| Q1 25 | — | $13.6M | ||
| Q4 24 | $-202.0M | $13.7M | ||
| Q3 24 | $-52.5M | $12.8M | ||
| Q2 24 | $-37.6M | $10.8M |
| Q1 26 | — | — | ||
| Q4 25 | -369.4% | 38.1% | ||
| Q3 25 | -423.5% | 41.9% | ||
| Q2 25 | -776.0% | 40.5% | ||
| Q1 25 | — | 37.8% | ||
| Q4 24 | -661.9% | 38.7% | ||
| Q3 24 | -428.5% | 37.9% | ||
| Q2 24 | -430.0% | 34.1% |
| Q1 26 | — | 28.4% | ||
| Q4 25 | 1217.8% | 31.7% | ||
| Q3 25 | -2646.3% | 33.1% | ||
| Q2 25 | -854.5% | 32.2% | ||
| Q1 25 | — | 29.6% | ||
| Q4 24 | -1725.0% | 29.7% | ||
| Q3 24 | -423.4% | 29.8% | ||
| Q2 24 | -330.0% | 25.9% |
| Q1 26 | — | $0.88 | ||
| Q4 25 | $2.60 | $1.02 | ||
| Q3 25 | $-3.58 | $1.03 | ||
| Q2 25 | $-0.70 | $0.96 | ||
| Q1 25 | — | $0.78 | ||
| Q4 24 | $-0.95 | $0.80 | ||
| Q3 24 | $-0.24 | $0.74 | ||
| Q2 24 | $-0.18 | $0.63 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.8B | $650.5M |
| Total Assets | $6.6B | $6.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $175.2M | ||
| Q3 25 | $1.1B | $116.4M | ||
| Q2 25 | $546.9M | $113.1M | ||
| Q1 25 | — | $219.0M | ||
| Q4 24 | $340.3M | $371.2M | ||
| Q3 24 | $365.7M | $258.2M | ||
| Q2 24 | $369.8M | $241.8M |
| Q1 26 | — | $650.5M | ||
| Q4 25 | $3.8B | $531.0M | ||
| Q3 25 | $2.3B | $513.8M | ||
| Q2 25 | $1.2B | $496.1M | ||
| Q1 25 | — | $479.8M | ||
| Q4 24 | $383.9M | $460.7M | ||
| Q3 24 | $435.7M | $450.5M | ||
| Q2 24 | $463.3M | $435.0M |
| Q1 26 | — | $6.6B | ||
| Q4 25 | $6.6B | $5.3B | ||
| Q3 25 | $4.3B | $5.1B | ||
| Q2 25 | $1.3B | $4.9B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | $508.4M | $4.9B | ||
| Q3 24 | $497.9M | $4.6B | ||
| Q2 24 | $517.4M | $4.5B |
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 | $50.8M | ||
| Q3 25 | $-123.1M | $20.7M | ||
| Q2 25 | $-52.6M | $13.9M | ||
| Q1 25 | — | $10.5M | ||
| Q4 24 | $-39.4M | $35.1M | ||
| Q3 24 | $-19.2M | $22.0M | ||
| Q2 24 | $-26.6M | $7.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-83.3M | — | ||
| Q3 25 | $-127.2M | — | ||
| Q2 25 | $-53.8M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-43.0M | $33.4M | ||
| Q3 24 | $-23.0M | — | ||
| Q2 24 | $-34.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | -134.6% | — | ||
| Q3 25 | -319.1% | — | ||
| Q2 25 | -259.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -367.4% | 72.1% | ||
| Q3 24 | -185.3% | — | ||
| Q2 24 | -299.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 14.2% | — | ||
| Q3 25 | 10.4% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 30.7% | 3.8% | ||
| Q3 24 | 30.4% | — | ||
| Q2 24 | 65.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | -0.10× | 2.84× | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | — | 0.77× | ||
| Q4 24 | — | 2.56× | ||
| Q3 24 | — | 1.72× | ||
| Q2 24 | — | 0.68× |
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% |
TCBX
| Net Interest Income | $53.6M | 93% |
| Noninterest Income | $4.0M | 7% |
