In the latest period of Q4'25, IONQ's ROA reached 11.47%, marking a significant turnaround from negative territory, while ROE surged to 19.84% and ROIC improved to -3.66%, reflecting enhanced profitability metrics across the board for the operating ROA chart. Over the timeframe from Q1'23 to Q4'25, both ROE and ROA exhibited persistent negative trends, fluctuating between -4.95% and -52.62% for ROE and -4.65% to -39.73% for ROA, with notable declines in Q4'24 (ROE at -52.62%, ROA at -39.73%) and Q3'25 (ROE at -46.41%, ROA at -24.42%), before the sharp recovery in Q4'25; ROIC remained consistently negative, ranging from -4.82% to -15.98%, showing gradual stabilization but no positivity until the end, underscoring IONQ's challenging asset efficiency and capital returns amid operational pressures. This line chart highlights a volatile yet ultimately positive inflection point in late 2025, suggesting potential improvements in IONQ's financial health despite earlier declines.