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IonQ, Inc.（IONQ）与Ouster, Inc.（OUST）财务数据对比。点击上方公司名可切换其他公司
IonQ, Inc.的季度营收约是Ouster, Inc.的1.3倍（$61.9M vs $48.6M），IonQ, Inc.净利率更高（1217.8% vs 8.2%，领先1209.5%），IonQ, Inc.同比增速更快（428.5% vs 48.9%）
IonQ是总部位于美国马里兰州科利奇帕克的量子计算软硬件企业，专注研发通用型离子阱量子计算机及配套软件，可实现量子线路的生成、优化与执行，为多领域量子计算落地应用提供核心技术支持。
Ouster, Inc.是总部位于美国加利福尼亚州旧金山的激光雷达技术企业，主打高分辨率数字化3D激光雷达传感器，产品广泛应用于自动驾驶车辆、工业自动化、机器人、无人机、地图测绘、国防及安防等领域。
IONQ vs OUST — 直观对比
营收规模更大
IONQ
是对方的1.3倍
$48.6M
营收增速更快
IONQ
高出379.7%
48.9%
净利率更高
IONQ
高出1209.5%
8.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $61.9M | $48.6M |
| 净利润 | $753.7M | $4.0M |
| 毛利率 | — | 42.9% |
| 营业利润率 | -369.4% | 17.6% |
| 净利率 | 1217.8% | 8.2% |
| 营收同比 | 428.5% | 48.9% |
| 净利润同比 | 473.1% | — |
| 每股收益（稀释后） | $2.60 | $0.06 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收IONQOUST
| Q1 26 | — | $48.6M | ||
| Q4 25 | $61.9M | $62.2M | ||
| Q3 25 | $39.9M | $39.5M | ||
| Q2 25 | $20.7M | $35.0M | ||
| Q1 25 | — | $32.6M | ||
| Q4 24 | $11.7M | $30.1M | ||
| Q3 24 | $12.4M | $28.1M | ||
| Q2 24 | $11.4M | $27.0M |
净利润IONQOUST
| Q1 26 | — | $4.0M | ||
| Q4 25 | $753.7M | — | ||
| Q3 25 | $-1.1B | $-21.7M | ||
| Q2 25 | $-176.8M | $-20.6M | ||
| Q1 25 | — | $-22.0M | ||
| Q4 24 | $-202.0M | — | ||
| Q3 24 | $-52.5M | $-25.6M | ||
| Q2 24 | $-37.6M | $-23.9M |
毛利率IONQOUST
| Q1 26 | — | 42.9% | ||
| Q4 25 | — | 60.2% | ||
| Q3 25 | — | 42.1% | ||
| Q2 25 | — | 45.2% | ||
| Q1 25 | — | 41.3% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | — | 38.3% | ||
| Q2 24 | — | 33.7% |
营业利润率IONQOUST
| Q1 26 | — | 17.6% | ||
| Q4 25 | -369.4% | 1.5% | ||
| Q3 25 | -423.5% | -61.4% | ||
| Q2 25 | -776.0% | -76.5% | ||
| Q1 25 | — | -73.0% | ||
| Q4 24 | -661.9% | -85.1% | ||
| Q3 24 | -428.5% | -98.0% | ||
| Q2 24 | -430.0% | -93.6% |
净利率IONQOUST
| Q1 26 | — | 8.2% | ||
| Q4 25 | 1217.8% | — | ||
| Q3 25 | -2646.3% | -55.0% | ||
| Q2 25 | -854.5% | -58.8% | ||
| Q1 25 | — | -67.5% | ||
| Q4 24 | -1725.0% | — | ||
| Q3 24 | -423.4% | -91.1% | ||
| Q2 24 | -330.0% | -88.4% |
每股收益（稀释后）IONQOUST
| Q1 26 | — | $0.06 | ||
| Q4 25 | $2.60 | $0.10 | ||
| Q3 25 | $-3.58 | $-0.37 | ||
| Q2 25 | $-0.70 | $-0.38 | ||
| Q1 25 | — | $-0.42 | ||
| Q4 24 | $-0.95 | $-0.46 | ||
| Q3 24 | $-0.24 | $-0.54 | ||
| Q2 24 | $-0.18 | $-0.53 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $2.4B | $173.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.8B | $275.6M |
| 总资产 | $6.6B | $381.5M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资IONQOUST
| Q1 26 | — | $173.1M | ||
| Q4 25 | $2.4B | $208.6M | ||
| Q3 25 | $1.1B | $244.5M | ||
| Q2 25 | $546.9M | $226.5M | ||
| Q1 25 | — | $168.2M | ||
| Q4 24 | $340.3M | $172.0M | ||
| Q3 24 | $365.7M | $151.4M | ||
| Q2 24 | $369.8M | $184.2M |
股东权益IONQOUST
| Q1 26 | — | $275.6M | ||
| Q4 25 | $3.8B | $261.7M | ||
| Q3 25 | $2.3B | $247.4M | ||
| Q2 25 | $1.2B | $221.0M | ||
| Q1 25 | — | $167.9M | ||
| Q4 24 | $383.9M | $180.9M | ||
| Q3 24 | $435.7M | $171.7M | ||
| Q2 24 | $463.3M | $170.6M |
总资产IONQOUST
| Q1 26 | — | $381.5M | ||
| Q4 25 | $6.6B | $349.5M | ||
| Q3 25 | $4.3B | $353.8M | ||
| Q2 25 | $1.3B | $321.8M | ||
| Q1 25 | — | $268.6M | ||
| Q4 24 | $508.4M | $276.1M | ||
| Q3 24 | $497.9M | $255.2M | ||
| Q2 24 | $517.4M | $309.9M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-74.5M | — |
| 自由现金流经营现金流 - 资本支出 | $-83.3M | — |
| 自由现金流率自由现金流/营收 | -134.6% | — |
| 资本支出强度资本支出/营收 | 14.2% | — |
| 现金转化率经营现金流/净利润 | -0.10× | — |
| 过去12个月自由现金流最近4个季度 | $-307.3M | — |
8季度趋势，按日历期对齐
经营现金流IONQOUST
| Q1 26 | — | — | ||
| Q4 25 | $-74.5M | $-15.4M | ||
| Q3 25 | $-123.1M | $-18.3M | ||
| Q2 25 | $-52.6M | $-1.3M | ||
| Q1 25 | — | $-4.9M | ||
| Q4 24 | $-39.4M | $-2.6M | ||
| Q3 24 | $-19.2M | $-3.8M | ||
| Q2 24 | $-26.6M | $-21.6M |
自由现金流IONQOUST
| Q1 26 | — | — | ||
| Q4 25 | $-83.3M | $-37.2M | ||
| Q3 25 | $-127.2M | $-20.0M | ||
| Q2 25 | $-53.8M | $-2.2M | ||
| Q1 25 | — | $-5.4M | ||
| Q4 24 | $-43.0M | $-4.0M | ||
| Q3 24 | $-23.0M | $-4.3M | ||
| Q2 24 | $-34.1M | $-22.0M |
自由现金流率IONQOUST
| Q1 26 | — | — | ||
| Q4 25 | -134.6% | -59.8% | ||
| Q3 25 | -319.1% | -50.7% | ||
| Q2 25 | -259.8% | -6.3% | ||
| Q1 25 | — | -16.6% | ||
| Q4 24 | -367.4% | -13.3% | ||
| Q3 24 | -185.3% | -15.4% | ||
| Q2 24 | -299.3% | -81.5% |
资本支出强度IONQOUST
| Q1 26 | — | — | ||
| Q4 25 | 14.2% | 35.0% | ||
| Q3 25 | 10.4% | 4.3% | ||
| Q2 25 | 5.8% | 2.5% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | 30.7% | 4.8% | ||
| Q3 24 | 30.4% | 2.0% | ||
| Q2 24 | 65.8% | 1.3% |
现金转化率IONQOUST
| Q1 26 | — | — | ||
| Q4 25 | -0.10× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
IONQ
| Other | $31.2M | 50% |
| Platform Consulting And Support Services | $30.7M | 50% |
OUST
| Product revenue | $48.2M | 99% |
| Royalties | $347.0K | 1% |
