In Q1'26, IONQ's net income reached $805.36M USD, marking a significant turnaround to profitability after years of consistent losses, with a robust YoY growth of 25.97%. From Q2'23 to Q1'26, net income exhibited a volatile trajectory, starting with quarterly losses around -$44M USD that gradually narrowed to -$37.6M USD by Q2'24 before escalating sharply to a peak loss of -$1.05B USD in Q3'25, driven by operational expansions in quantum computing; the dramatic shift to positive territory in Q4'25 ($753.67M USD) and Q1'26 reflects accelerated revenue growth and cost efficiencies, with YoY percentages fluctuating from -25.43% early on to over 25% in the latest period, signaling improving financial health amid sector challenges.