IonQ, Inc.

Services-Computer Integrated Systems Design

IONQStrained3 of 9 basics passed

$39.87

+1.08%

Market cap $16.1B

$39.87

+1.08%

Market cap $16.1B

IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities.

It is a $16.1B technology company. Revenue grew 370.6% over the last year, and it currently loses money.

Website: ionq.com
Location: College Park, MD
Employees: 1 132
Sector: Technology

Share price · 3 years

$16.00 → $39.87+149.2%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $246M
Loss: spends more than it earns; -$1.36B
Free cash flow: cash left after running the business; -$484M
Shares: up 42% since 2022 — dilution; 280.3M
Volatility: beta vs the market — under 1 swings less; 3.41

Revenue, last 5 years

52-week range

Low $26.59$39.87High $82.09

Today's price is 24% of the way from the year's low to its high.

P/E vs its history3mo

61.1×median 58.1×

Higher than 56% of past days — around the middle of its own history.

Valuation vs own history

P/E

61.1×

44%

P/S

65.6×

95%

P/B

4.8×

43%

Share of the last ~5 years that was pricier than today (cheaper than usual). Based on the daily valuation record.

Insider activity · 90 days

-$89.6Knet selling

Purchases$0

Sales$89.6K

Insiders trading, last 14d0 buy · 0 sell

Standing in Technology

Size$16.1Btop 65%
Revenue growth+127%top 1%
Net margin-553%top 100%
Return on equity11%top 65%

Ranked against 220 Technology companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Valuation, Growth, Profitability, Health, Quality and Moat lag behind.

Valuation22

P/E vs own history56th pct · 12/25
FCF yield-3.0% · 0/25
P/S65.6x · 0/25
EV/EBITDAn/a · 10/25

Growth25

Revenue CAGR180.5% · 25/25
Net income CAGRn/a · 0/25
EPS CAGR ~5Yn/a · 0/25
Fwd implied growthn/a · 0/25

Profitability12

ROIC-36.3% · 0/25
ROE10.7% · 12/25
Net margin-553.3% · 0/25
Operating margin-408.2% · 0/25

Health25

Altman Zn/a · 0/25
Current ratio14.05 · 25/25
Interest coverage-23.9x · 0/25
Net cash / debtn/a · 0/25

Quality5

Piotroski F3/9 · 5/25
Beneish M1.50 · 0/25
FCF conversionn/a · 0/25
Margin stabilityσ 1224.2% · 0/25

Moat0

ROIC >12% years0/5 yrs · 0/25
Median gross marginn/a · 0/25
FCF-positive years0/5 yrs · 0/25
Worst-year net marginworst -5058.9% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

2026Acquisition
The acquisition was completed in July 2026
2025Acquisition
IonQ agreed to acquire British quantum computing startup, Oxford Ionics, for approximately $1.1…
2024Acquisition
IonQ announced it would acquire Qubitekk, a U.S
2021IPO
IonQ received $636 million when it went public on the New York Stock Exchange via a special-purpose…

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$43 342 today — price return only

$130.0M revenue in FY2025

Revenue up 370.6% year over year

1 132 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Revenue growing 370.6% year over year

Watch-outs

Not profitable — 553.3% net margin
Negative free cash flow (-$483.9M)
Thin interest coverage (-23.9×)
Loss-making in 5 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

3 of 9 checks passed

Revenue growing — the company sells more than a year ago+370.6% YoY
Profitable — makes more than it spends-$1.36B TTM
Profit growing — earnings are higher than last year-53.9% YoY
Generates cash — cash left after running and investing-$484M TTM
Debt under control — could handle its obligationscurrent ratio 14.05
Established company — not a micro-cap — lower blow-up risk$16.1B market cap
Not printing shares — share count not ballooning — you keep your slice+41.8% shares over ~5y
Proven track record — years of profitability behind it0/5 profitable years
Financially stable — balance sheet not near distresshealth score 25/100
Pays a dividend — returns cash to shareholdersno data
Valuation not extreme — price not wildly above earningsno data

Peer comparisonIonQ, Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
IONQ this company	$16.1B	—	+370.6%	-553.3%	Strained
NVDA Nvidia Corp	$5.5T	28.6	+83.4%	63.7%	Mixed
AAPL Apple Inc.	$4.9T	38.1	+14.2%	27.6%	Strong
GOOGL Alphabet Inc.	$4.3T	17.6	+20.1%	54.8%	Mixed
MSFT Microsoft Corp	$4.0T	29.7	+17.8%	40.3%	Strong
SPCX Space Exploration Technologies Corp.	$2.1T	—	+33.2%	-34.0%	Strained
META Meta Platforms, Inc.	$1.8T	26.9	+27.7%	29.8%	Mixed

Head-to-head: IONQ vs NVDA · IONQ vs AAPL · IONQ vs GOOGL

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 4Buy 12Hold 4

Appendix · Financial records

The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $246M · net income -$1.36B (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

RevenueNet income

Revenue (TTM)

$246M

YoY 370.6%

Net income (TTM)

-$1.36B

Margin -553.3%

Gross margin

30.9%

Operating margin

-408.2%

Income statement — full detail

Figures in USD billions · EPS in USD

	2021	2022	2023	2024	2025
Revenue	0.0	0.0	0.0	0.0	0.1
Gross profit	—	—	0.0	—	—
Operating income (EBIT)	-0.0	-0.1	-0.2	-0.2	-0.6
Net income	-0.1	-0.0	-0.2	-0.3	-0.5
EPS (diluted)	—	-0.25	-0.76	-1.56	-1.82

Cash flowFree cash flow -$484M · operating cash flow -$452M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

-$484M

Margin -196.3%

Operating cash flow (TTM)

-$452M

FCF margin

-196.3%

Cash flow statement — full detail

Figures in USD billions

	2021	2022	2023	2024	2025
Operating cash flow	-0.0	-0.0	-0.1	-0.1	-0.3
Capital expenditure	-0.0	-0.0	-0.0	-0.0	-0.0
Free cash flow	-0.0	-0.1	-0.1	-0.1	-0.3
FCF margin	-1635.1%	-485.4%	-419.7%	-287.1%	-230.4%

Balance sheetAssets $6.57B · debt n/a (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $6.57B of assets is financed

42%

58%

Liabilities $2.76B — borrowed moneyEquity $3.80B — owners' stake

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

-23.9x

EBIT ÷ interest expense

ROE

10.7%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2021	2022	2023	2024	2025
Cash & equivalents	0.5	0.4	0.4	0.3	2.4
Total assets	0.6	0.6	0.6	0.5	6.6
Total liabilities	0.1	0.0	0.1	0.1	2.8
Total debt	—	—	0.0	—	—
Equity	0.6	0.6	0.5	0.4	3.8
Net debt	—	—	-0.3	—	—

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of IONQ on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $39.87 · market cap $16.1B.