IonQ, Inc. (IONQ)
IonQ, Inc. develops quantum computing systems in the United States, Switzerland, and Internationally. It sells access to quantum computers of various qubit capacities. The company also makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS), Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service. The company engages in quantum-safe communications and quantum detection systems. It provides contracts associated with the design, development, construction, and sale of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems. In addition, it provides semiconductor manufacturing services. The company has a collaboration agreement with University of Chicago. The company was founded in 2015 and is headquartered in College Park, Maryland.
- Symbol
- IONQ
- Exchange
- NYSE
- Sector
- Technology
- Industry
- Computer Hardware
- Market cap
- $15.52B
- 52 week range
- 25.89 - 84.64
Valuation
- Share price
- $42.54 (close of 2026-09-23)
- P/E (TTM)
- -10.53x
- Price to book
- 4.65x
- Price to free cash flow
- -32.08x
- Enterprise value
- $13.46B
- Book value per share
- $8.76
Price performance
| Period | Change |
|---|
| 1 day | +4.42% |
| 5 days | +15.47% |
| 1 month | -5.17% |
| 3 months | -26.46% |
| 6 months | +28.48% |
| Year to date | -5.19% |
| 1 year | -43.39% |
| 3 years | +220.33% |
| 5 years | +324.98% |
| All time | +293.89% |
Profitability and growth
- Return on equity
- -13.38%
- Return on invested capital
- -40.59%
- Return on assets
- -7.77%
- Return on capital employed
- -9.90%
- Net margin
- -392.55%
- EBITDA margin
- -424.34%
- Revenue growth
- 201.85%
- Net income growth
- -53.89%
- Free cash flow growth
- -142.25%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -3.12%
- Current ratio
- 10.66x
- Net debt to EBITDA
- 2.42x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $130.02M
- EBITDA
- $-551.71M
- Net income
- $-510.38M
- Earnings per share
- $-1.82
- Research and development
- $305.70M
- Shares outstanding
- 280.35M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $130.02M | - | $-510.38M | $-1.82 |
| 2024-12-31 | $43.07M | $3.82M | $-331.65M | $-1.56 |
| 2023-12-31 | $22.04M | $3.56M | $-157.77M | $-0.78 |
| 2022-12-31 | $11.13M | $2.58M | $-48.51M | $-0.25 |
| 2021-12-31 | $2.10M | - | $-106.19M | $-0.77 |
| 2020-12-31 | - | - | $-15.42M | $-0.13 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | - | -392.55% | -13.38% | -40.59% |
| 2024-12-31 | 8.87% | -769.96% | -86.40% | -379.22% |
| 2023-12-31 | 16.15% | -715.77% | -32.53% | -114.60% |
| 2022-12-31 | 23.21% | -435.82% | -8.54% | -39.61% |
| 2021-12-31 | - | -5058.89% | -17.96% | -53.02% |
| 2020-12-31 | - | - | -28.72% | -71.99% |
Cash and debt by year
| Period end | Cash |
|---|
| 2025-12-31 | $2.39B |
| 2024-12-31 | $340.29M |
| 2023-12-31 | $355.44M |
| 2022-12-31 | $355.80M |
| 2021-12-31 | $522.47M |
| 2020-12-31 | $36.12M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $-299.60M | $312.03M |
| 2024-12-31 | $-123.67M | $106.88M |
| 2023-12-31 | $-92.51M | $69.74M |
| 2022-12-31 | $-54.03M | $31.46M |
| 2021-12-31 | $-34.32M | $7.75M |
| 2020-12-31 | $-22.04M | $1.22M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-04
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | - |
| 2026-05-06 | - | - |
| 2026-02-25 | - | - |
| 2025-11-05 | - | - |
| 2025-08-06 | - | - |
| 2025-05-07 | - | - |
| 2025-02-26 | - | - |
| 2024-11-06 | - | - |
Filings and sources
- Company website
- ionq.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
Similar companies
Dell Technologies Inc. (DELL) · Arista Networks, Inc. (ANET) · Seagate Technology Holdings plc (STX) · Western Digital Corp (WDC) · HP Inc (HPQ) · Super Micro Computer, Inc. (SMCI) · Cisco Systems, Inc. (CSCO) · Hewlett Packard Enterprise Co (HPE)
All Technology companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
Explore
Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades