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Side-by-side financial comparison of IonQ, Inc. (IONQ) and UNITY BANCORP INC (UNTY). Click either name above to swap in a different company.
IonQ, Inc. is the larger business by last-quarter revenue ($61.9M vs $35.3M, roughly 1.8× UNITY BANCORP INC). IonQ, Inc. runs the higher net margin — 1217.8% vs 43.9%, a 1173.9% gap on every dollar of revenue. On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs 24.2%). UNITY BANCORP INC produced more free cash flow last quarter ($44.3M vs $-83.3M).
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.
Unity Bancorp Inc is a New Jersey-headquartered financial holding company operating Unity Bank. It offers a full range of commercial and retail banking services including business loans, deposit products, mortgage services, and personal banking solutions, primarily serving small and medium-sized enterprises and individual consumers across local communities in New Jersey and eastern Pennsylvania.
IONQ vs UNTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.9M | $35.3M |
| Net Profit | $753.7M | $15.5M |
| Gross Margin | — | — |
| Operating Margin | -369.4% | 55.8% |
| Net Margin | 1217.8% | 43.9% |
| Revenue YoY | 428.5% | 24.2% |
| Net Profit YoY | 473.1% | 34.5% |
| EPS (diluted) | $2.60 | $1.52 |
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 | $35.3M | ||
| Q3 25 | $39.9M | $32.8M | ||
| Q2 25 | $20.7M | $34.4M | ||
| Q1 25 | — | $29.4M | ||
| Q4 24 | $11.7M | $28.4M | ||
| Q3 24 | $12.4M | $27.7M | ||
| Q2 24 | $11.4M | $25.5M | ||
| Q1 24 | — | $25.6M |
| Q4 25 | $753.7M | $15.5M | ||
| Q3 25 | $-1.1B | $14.4M | ||
| Q2 25 | $-176.8M | $16.5M | ||
| Q1 25 | — | $11.6M | ||
| Q4 24 | $-202.0M | $11.5M | ||
| Q3 24 | $-52.5M | $10.9M | ||
| Q2 24 | $-37.6M | $9.5M | ||
| Q1 24 | — | $9.6M |
| Q4 25 | -369.4% | 55.8% | ||
| Q3 25 | -423.5% | 57.5% | ||
| Q2 25 | -776.0% | 62.6% | ||
| Q1 25 | — | 52.6% | ||
| Q4 24 | -661.9% | 51.0% | ||
| Q3 24 | -428.5% | 52.7% | ||
| Q2 24 | -430.0% | 49.3% | ||
| Q1 24 | — | 50.0% |
| Q4 25 | 1217.8% | 43.9% | ||
| Q3 25 | -2646.3% | 43.8% | ||
| Q2 25 | -854.5% | 48.0% | ||
| Q1 25 | — | 39.5% | ||
| Q4 24 | -1725.0% | 40.5% | ||
| Q3 24 | -423.4% | 39.4% | ||
| Q2 24 | -330.0% | 37.1% | ||
| Q1 24 | — | 37.5% |
| Q4 25 | $2.60 | $1.52 | ||
| Q3 25 | $-3.58 | $1.41 | ||
| Q2 25 | $-0.70 | $1.61 | ||
| Q1 25 | — | $1.13 | ||
| Q4 24 | $-0.95 | $1.13 | ||
| Q3 24 | $-0.24 | $1.07 | ||
| Q2 24 | $-0.18 | $0.92 | ||
| Q1 24 | — | $0.94 |
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 | $345.6M |
| Total Assets | $6.6B | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $546.9M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $340.3M | — | ||
| Q3 24 | $365.7M | — | ||
| Q2 24 | $369.8M | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $230.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.8B | $345.6M | ||
| Q3 25 | $2.3B | $334.0M | ||
| Q2 25 | $1.2B | $319.8M | ||
| Q1 25 | — | $306.1M | ||
| Q4 24 | $383.9M | $295.6M | ||
| Q3 24 | $435.7M | $284.3M | ||
| Q2 24 | $463.3M | $273.4M | ||
| Q1 24 | — | $266.8M |
| Q4 25 | $6.6B | $3.0B | ||
| Q3 25 | $4.3B | $2.9B | ||
| Q2 25 | $1.3B | $2.9B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $508.4M | $2.7B | ||
| Q3 24 | $497.9M | $2.6B | ||
| Q2 24 | $517.4M | $2.6B | ||
| Q1 24 | — | $2.6B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $44.9M |
| Free Cash FlowOCF − Capex | $-83.3M | $44.3M |
| FCF MarginFCF / Revenue | -134.6% | 125.7% |
| Capex IntensityCapex / Revenue | 14.2% | 1.6% |
| Cash ConversionOCF / Net Profit | -0.10× | 2.90× |
| TTM Free Cash FlowTrailing 4 quarters | $-307.3M | $81.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-74.5M | $44.9M | ||
| Q3 25 | $-123.1M | $45.5M | ||
| Q2 25 | $-52.6M | $-25.3M | ||
| Q1 25 | — | $17.9M | ||
| Q4 24 | $-39.4M | $48.0M | ||
| Q3 24 | $-19.2M | $17.7M | ||
| Q2 24 | $-26.6M | $-8.4M | ||
| Q1 24 | — | $15.8M |
| Q4 25 | $-83.3M | $44.3M | ||
| Q3 25 | $-127.2M | $45.3M | ||
| Q2 25 | $-53.8M | $-25.5M | ||
| Q1 25 | — | $17.6M | ||
| Q4 24 | $-43.0M | $47.3M | ||
| Q3 24 | $-23.0M | $17.5M | ||
| Q2 24 | $-34.1M | $-8.6M | ||
| Q1 24 | — | $15.7M |
| Q4 25 | -134.6% | 125.7% | ||
| Q3 25 | -319.1% | 138.1% | ||
| Q2 25 | -259.8% | -74.2% | ||
| Q1 25 | — | 59.9% | ||
| Q4 24 | -367.4% | 166.5% | ||
| Q3 24 | -185.3% | 63.3% | ||
| Q2 24 | -299.3% | -33.7% | ||
| Q1 24 | — | 61.4% |
| Q4 25 | 14.2% | 1.6% | ||
| Q3 25 | 10.4% | 0.7% | ||
| Q2 25 | 5.8% | 0.5% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | 30.7% | 2.4% | ||
| Q3 24 | 30.4% | 0.5% | ||
| Q2 24 | 65.8% | 0.5% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | -0.10× | 2.90× | ||
| Q3 25 | — | 3.16× | ||
| Q2 25 | — | -1.54× | ||
| Q1 25 | — | 1.54× | ||
| Q4 24 | — | 4.17× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | -0.89× | ||
| Q1 24 | — | 1.64× |
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% |
UNTY
Segment breakdown not available.
