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Side-by-side financial comparison of IonQ, Inc. (IONQ) and VINCE HOLDING CORP. (VNCE). Click either name above to swap in a different company.
VINCE HOLDING CORP. is the larger business by last-quarter revenue ($85.1M vs $61.9M, roughly 1.4× IonQ, Inc.). IonQ, Inc. runs the higher net margin — 1217.8% vs 3.2%, a 1214.6% gap on every dollar of revenue. On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs 6.2%). VINCE HOLDING CORP. produced more free cash flow last quarter ($-5.7M 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.
VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.
IONQ vs VNCE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $61.9M | $85.1M |
| Net Profit | $753.7M | $2.7M |
| Gross Margin | — | 49.2% |
| Operating Margin | -369.4% | 6.4% |
| Net Margin | 1217.8% | 3.2% |
| Revenue YoY | 428.5% | 6.2% |
| Net Profit YoY | 473.1% | -37.3% |
| EPS (diluted) | $2.60 | $0.21 |
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 | $85.1M | ||
| Q3 25 | $39.9M | $73.2M | ||
| Q2 25 | $20.7M | $57.9M | ||
| Q1 25 | — | $80.0M | ||
| Q4 24 | $11.7M | $80.2M | ||
| Q3 24 | $12.4M | $74.2M | ||
| Q2 24 | $11.4M | $59.2M | ||
| Q1 24 | — | $75.3M |
| Q4 25 | $753.7M | $2.7M | ||
| Q3 25 | $-1.1B | $12.1M | ||
| Q2 25 | $-176.8M | $-4.8M | ||
| Q1 25 | — | $-28.3M | ||
| Q4 24 | $-202.0M | $4.3M | ||
| Q3 24 | $-52.5M | $569.0K | ||
| Q2 24 | $-37.6M | $4.4M | ||
| Q1 24 | — | $-4.7M |
| Q4 25 | — | 49.2% | ||
| Q3 25 | — | 50.4% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 50.1% | ||
| Q4 24 | — | 50.0% | ||
| Q3 24 | — | 47.4% | ||
| Q2 24 | — | 50.6% | ||
| Q1 24 | — | 45.4% |
| Q4 25 | -369.4% | 6.4% | ||
| Q3 25 | -423.5% | 15.2% | ||
| Q2 25 | -776.0% | -7.7% | ||
| Q1 25 | — | -37.1% | ||
| Q4 24 | -661.9% | 7.2% | ||
| Q3 24 | -428.5% | 1.5% | ||
| Q2 24 | -430.0% | 9.5% | ||
| Q1 24 | — | -2.2% |
| Q4 25 | 1217.8% | 3.2% | ||
| Q3 25 | -2646.3% | 16.5% | ||
| Q2 25 | -854.5% | -8.3% | ||
| Q1 25 | — | -35.5% | ||
| Q4 24 | -1725.0% | 5.4% | ||
| Q3 24 | -423.4% | 0.8% | ||
| Q2 24 | -330.0% | 7.4% | ||
| Q1 24 | — | -6.2% |
| Q4 25 | $2.60 | $0.21 | ||
| Q3 25 | $-3.58 | $0.93 | ||
| Q2 25 | $-0.70 | $-0.37 | ||
| Q1 25 | — | $-2.25 | ||
| Q4 24 | $-0.95 | $0.34 | ||
| Q3 24 | $-0.24 | $0.05 | ||
| Q2 24 | $-0.18 | $0.35 | ||
| Q1 24 | — | $-0.37 |
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 | $1.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.8B | $53.4M |
| Total Assets | $6.6B | $246.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4B | $1.1M | ||
| Q3 25 | $1.1B | $777.0K | ||
| Q2 25 | $546.9M | $2.6M | ||
| Q1 25 | — | $607.0K | ||
| Q4 24 | $340.3M | $892.0K | ||
| Q3 24 | $365.7M | $711.0K | ||
| Q2 24 | $369.8M | $739.0K | ||
| Q1 24 | — | $357.0K |
| Q4 25 | $3.8B | $53.4M | ||
| Q3 25 | $2.3B | $49.3M | ||
| Q2 25 | $1.2B | $37.2M | ||
| Q1 25 | — | $41.8M | ||
| Q4 24 | $383.9M | $57.1M | ||
| Q3 24 | $435.7M | $52.4M | ||
| Q2 24 | $463.3M | $51.7M | ||
| Q1 24 | — | $47.2M |
| Q4 25 | $6.6B | $246.0M | ||
| Q3 25 | $4.3B | $239.0M | ||
| Q2 25 | $1.3B | $218.0M | ||
| Q1 25 | — | $222.7M | ||
| Q4 24 | $508.4M | $254.7M | ||
| Q3 24 | $497.9M | $253.6M | ||
| Q2 24 | $517.4M | $223.1M | ||
| Q1 24 | — | $225.1M |
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 | $-5.1M |
| Free Cash FlowOCF − Capex | $-83.3M | $-5.7M |
| FCF MarginFCF / Revenue | -134.6% | -6.7% |
| Capex IntensityCapex / Revenue | 14.2% | 0.7% |
| Cash ConversionOCF / Net Profit | -0.10× | -1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $-307.3M | $4.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-74.5M | $-5.1M | ||
| Q3 25 | $-123.1M | $4.2M | ||
| Q2 25 | $-52.6M | $-11.8M | ||
| Q1 25 | — | $22.7M | ||
| Q4 24 | $-39.4M | $6.4M | ||
| Q3 24 | $-19.2M | $-3.2M | ||
| Q2 24 | $-26.6M | $-3.9M | ||
| Q1 24 | — | $14.8M |
| Q4 25 | $-83.3M | $-5.7M | ||
| Q3 25 | $-127.2M | $2.1M | ||
| Q2 25 | $-53.8M | $-13.2M | ||
| Q1 25 | — | $21.2M | ||
| Q4 24 | $-43.0M | $5.1M | ||
| Q3 24 | $-23.0M | $-3.9M | ||
| Q2 24 | $-34.1M | $-4.6M | ||
| Q1 24 | — | $14.2M |
| Q4 25 | -134.6% | -6.7% | ||
| Q3 25 | -319.1% | 2.9% | ||
| Q2 25 | -259.8% | -22.9% | ||
| Q1 25 | — | 26.5% | ||
| Q4 24 | -367.4% | 6.4% | ||
| Q3 24 | -185.3% | -5.2% | ||
| Q2 24 | -299.3% | -7.8% | ||
| Q1 24 | — | 18.9% |
| Q4 25 | 14.2% | 0.7% | ||
| Q3 25 | 10.4% | 2.9% | ||
| Q2 25 | 5.8% | 2.5% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | 30.7% | 1.6% | ||
| Q3 24 | 30.4% | 0.9% | ||
| Q2 24 | 65.8% | 1.3% | ||
| Q1 24 | — | 0.7% |
| Q4 25 | -0.10× | -1.86× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | -5.61× | ||
| Q2 24 | — | -0.89× | ||
| Q1 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% |
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |
