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IonQ, Inc.(IONQ)Earnings, Financials & Key Ratios
IONQ•NYSE
$52.57
$19.06B mkt cap·Price updated May 6, 2026
AboutIonQ, Inc. engages in the development of general-purpose quantum computing systems. It sells access to quantum computers with 20 qubits. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services' (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service. IonQ, Inc. was founded in 2015 and is headquartered in College Park, Maryland.Show more
- Revenue$130M+201.9%
- EBITDA-$552M-159.9%
- Net Income-$601M-81.3%
- EPS (Diluted)-1.82-16.7%
- Gross Margin40.4%+355.3%
- EBITDA Margin-424.34%+13.9%
- Operating Margin-487.41%+9.1%
- Net Margin-462.45%+39.9%
- ROE-28.65%+62.5%
- ROIC-30.08%+30.1%
- Debt/Equity0.01-83.0%
IONQ Key Insights
IonQ, Inc. (IONQ) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
✗Weaknesses
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 31.6% in last year
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
IONQ Price & Volume
IonQ, Inc. (IONQ) stock price & volume — 10-year historical chart
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IONQ Growth Metrics
IonQ, Inc. (IONQ) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years126.89%
TTM201.85%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-69.01%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-61.69%
Return on Capital
10 Years-22.75%
5 Years-23.87%
3 Years-31.33%
Last Year-18.43%
IONQ Recent Earnings
IonQ, Inc. (IONQ) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 11/12 qtrs (92%)
Q1 2026Latest
Feb 25, 2026EPS
$1.93
Est $0.48
+502.1%
Revenue
$62M
Est $40M
+53.3%
Q4 2025
Nov 5, 2025EPS
$3.58
Est $0.44
-713.6%
Revenue
$40M
Est $27M
+47.7%
Q3 2025
Aug 6, 2025EPS
$0.70
Est $0.13
-438.5%
Revenue
$21M
Est $17M
+20.1%
Q2 2025
May 7, 2025EPS
$0.14
Est $0.26
+46.2%
Revenue
$8M
Est $8M
+0.8%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 25, 2026 | $1.93vs $0.48+502.1% | $62Mvs $40M+53.3% |
| Q4 2025 | Nov 5, 2025 | $3.58vs $0.44-713.6% | $40Mvs $27M+47.7% |
| Q3 2025 | Aug 6, 2025 | $0.70vs $0.13-438.5% | $21Mvs $17M+20.1% |
| Q2 2025 | May 7, 2025 | $0.14vs $0.26+46.2% | $8Mvs $8M+0.8% |
Based on last 12 quarters of dataView full earnings history →
IONQ Peer Comparison
IonQ, Inc. (IONQ) competitors in Advanced Computing and Mining Hardware — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 RGTI | 6.65B | 20.07 | -28.67 | -34.31% | -30.5% | -51.53% | 0.01 | |
 QBTS | 8.48B | 23.84 | -21.48 | 178.54% | -14.44% | -41.66% | 0.01 | |
 QUBT | 2.26B | 10.46 | -95.09 | 82.84% | -27.38% | -2.42% | 0.00 | |
 IBM | 211.75B | 225.74 | 20.21 | 7.62% | 15.61% | 35.44% | 5.47% | 2.05 |
 GOOGL | 4.81T | 397.82 | 36.80 | 15.13% | 37.91% | 38.98% | 1.52% | 0.14 |
 MSFT | 3.07T | 413.87 | 30.34 | 14.93% | 39.34% | 33.13% | 2.33% | 0.33 |
 AMZN | 2.96T | 274.95 | 38.35 | 12.38% | 12.22% | 23.34% | 0.26% | 0.37 |
 NVDA | 5.05T | 207.67 | 42.38 | 65.47% | 55.6% | 76.33% | 1.92% | 0.07 |
Compare IONQ vs Peers
IonQ, Inc. (IONQ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
IONQ Income Statement
IonQ, Inc. (IONQ) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 200K | 0 | 2.1M | 11.13M | 22.04M | 43.07M | 130.02M |
| Revenue Growth % | - | -100% | - | 430.3% | 98.02% | 95.41% | 201.85% |
| Cost of Goods Sold | 88K | 1.4M | 3.59M | 8.55M | 8.11M | 39.25M | 77.49M |
| COGS % of Revenue | 44% | - | 170.94% | 76.79% | 36.78% | 91.13% | 59.6% |
| Gross Profit | 112K▲ 0% | -1.4M▼ 1350.0% | -1.49M▼ 6.4% | 2.58M▲ 273.5% | 13.93M▲ 439.5% | 3.82M▼ 72.6% | 52.53M▲ 1274.4% |
| Gross Margin % | 56% | - | -70.94% | 23.21% | 63.22% | 8.87% | 40.4% |
| Gross Profit Growth % | - | -1350% | -6.36% | 273.47% | 439.45% | -72.57% | 1274.36% |
| Operating Expenses | 9.37M | 14.33M | 37.2M | 88.33M | 171.69M | 234.78M | 686.24M |
| OpEx % of Revenue | 4683.5% | - | 1772.18% | 793.54% | 778.91% | 545.07% | 527.81% |
| Selling, General & Admin | 2.21M | 4.03M | 16.97M | 44.35M | 68.99M | 99.45M | 298.53M |
| SG&A % of Revenue | 1104% | - | 808.48% | 398.45% | 313% | 230.89% | 229.61% |
| Research & Development | 6.89M | 10.16M | 20.23M | 43.98M | 92.32M | 136.83M | 305.7M |
| R&D % of Revenue | 3444.5% | - | 963.7% | 395.09% | 418.84% | 317.66% | 235.13% |
| Other Operating Expenses | 270K | 143K | 0 | 0 | 10.38M | -1.5M | 82M |
| Operating Income | -9.26M▲ 0% | -15.73M▼ 70.0% | -38.69M▼ 145.9% | -85.75M▼ 121.6% | -157.75M▼ 84.0% | -230.96M▼ 46.4% | -633.72M▼ 174.4% |
| Operating Margin % | -4627.5% | - | -1843.12% | -770.34% | -715.7% | -536.19% | -487.41% |
| Operating Income Growth % | - | -69.99% | -145.9% | -121.64% | -83.98% | -46.4% | -174.39% |
| EBITDA | -8.85M | -14.33M | -36.14M | -80.14M | -147.38M | -212.3M | -551.71M |
| EBITDA Margin % | -4426% | - | -1721.72% | -719.99% | -668.63% | -492.89% | -424.34% |
| EBITDA Growth % | - | -61.92% | -152.14% | -121.76% | -83.9% | -44.05% | -159.87% |
| D&A (Non-Cash Add-back) | 403K | 1.4M | 2.55M | 5.6M | 10.38M | 18.65M | 82M |
| EBIT | -9.26M | -15.42M | -106.19M | -48.51M | -157.75M | -331.59M | -633.72M |
| Net Interest Income | 0 | 0 | 64K | 7.09M | 19.32M | 18.25M | 0 |
| Interest Income | 0 | 0 | 64K | 7.09M | 19.32M | 18.25M | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 329K | 309K | -67.5M | 37.23M | 31K | -100.63M | 77.02M |
| Pretax Income | -8.93M▲ 0% | -15.42M▼ 72.8% | -106.19M▼ 588.4% | -48.51M▲ 54.3% | -157.72M▼ 225.1% | -331.59M▼ 110.2% | -556.69M▼ 67.9% |
| Pretax Margin % | -4463% | - | -5058.89% | -435.82% | -715.56% | -769.83% | -428.17% |
| Income Tax | 0 | 0 | 0 | 0 | 48K | 59K | 44.57M |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | -0.03% | -0.02% | -8.01% |
| Net Income | -8.94M▲ 0% | -15.42M▼ 72.6% | -106.19M▼ 588.4% | -48.51M▲ 54.3% | -157.77M▼ 225.2% | -331.65M▼ 110.2% | -601.26M▼ 81.3% |
| Net Margin % | -4467.5% | - | -5058.89% | -435.82% | -715.77% | -769.96% | -462.45% |
| Net Income Growth % | - | -72.62% | -588.45% | 54.32% | -225.23% | -110.21% | -81.3% |
| Net Income (Continuing) | -8.93M | -15.42M | -106.19M | -48.51M | -157.77M | -331.65M | -601.26M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 14.18M |
| EPS (Diluted) | -2.24▲ 0% | -0.08▲ 96.4% | -0.55▼ 586.6% | -0.25▲ 54.5% | -0.78▼ 212.0% | -1.56▼ 100.0% | -1.82▼ 16.7% |
| EPS Growth % | - | 96.42% | -586.64% | 54.55% | -212% | -100% | -16.67% |
| EPS (Basic) | -2.24 | -0.08 | -0.55 | -0.25 | -0.78 | -1.56 | -1.82 |
| Diluted Shares Outstanding | 3.98M | 192.49M | 194.06M | 197.73M | 202.58M | 213.03M | 280.35M |
| Basic Shares Outstanding | 3.98M | 192.49M | 192.28M | 197.73M | 202.58M | 213.03M | 280.35M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
IONQ Balance Sheet
IonQ, Inc. (IONQ) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 60.42M | 38.58M | 529.62M | 371.63M | 389.99M | 378.8M | 2.59B |
| Cash & Short-Term Investments | 59.53M | 36.12M | 522.47M | 355.8M | 355.44M | 340.29M | 2.39B |
| Cash Only | 59.53M | 36.12M | 399.02M | 44.37M | 35.66M | 54.39M | 1.03B |
| Short-Term Investments | 0 | 0 | 123.44M | 311.43M | 319.78M | 285.9M | 1.36B |
| Accounts Receivable | 100K | 390K | 707K | 3.29M | 13.58M | 12.41M | 66.53M |
| Days Sales Outstanding | 182.5 | - | 122.94 | 107.95 | 224.81 | 105.15 | 186.78 |
| Inventory | 0 | 0 | 0 | 5.16M | 12.48M | 18.66M | 0 |
| Days Inventory Outstanding | - | - | - | 220.5 | 561.64 | 173.5 | - |
| Other Current Assets | 0 | 0 | 0 | 3.42M | 2.8M | 2.56M | 127.75M |
| Total Non-Current Assets | 4.93M | 21.9M | 112.41M | 226.36M | 163.59M | 129.59M | 3.98B |
| Property, Plant & Equipment | 3.65M | 16.28M | 22.9M | 29.77M | 42.13M | 62.23M | 142.87M |
| Fixed Asset Turnover | 0.05x | - | 0.09x | 0.37x | 0.52x | 0.69x | 0.91x |
| Goodwill | 0 | 0 | 0 | 742K | 742K | 9.9M | 1.96B |
| Intangible Assets | 1.28M | 2.69M | 5.84M | 8.94M | 15.08M | 29.47M | 767.43M |
| Long-Term Investments | 0 | 0 | 80.11M | 182M | 100.49M | 23.55M | 944.64M |
| Other Non-Current Assets | 6K | 2.93M | 3.56M | 4.91M | 5.16M | 4.44M | 165.39M |
| Total Assets | 65.34M▲ 0% | 60.48M▼ 7.4% | 642.03M▲ 961.6% | 597.99M▼ 6.9% | 553.58M▼ 7.4% | 508.39M▼ 8.2% | 6.57B▲ 1192.4% |
| Asset Turnover | 0.00x | - | 0.00x | 0.02x | 0.04x | 0.08x | 0.02x |
| Asset Growth % | - | -7.45% | 961.59% | -6.86% | -7.43% | -8.16% | 1192.39% |
| Total Current Liabilities | 808K | 1.88M | 9.69M | 20.16M | 37.16M | 36.09M | 166.82M |
| Accounts Payable | 441K | 538K | 1.88M | 3.06M | 5.6M | 5.23M | 26.14M |
| Days Payables Outstanding | 1.83K | 140.26 | 191.45 | 130.45 | 252.05 | 48.63 | 123.12 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 8.85M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 10.68M | 42.12M |
| Other Current Liabilities | 0 | 240K | 4.59M | 9.86M | 12.59M | 387K | 89.72M |
| Current Ratio | 74.77x | 20.51x | 54.65x | 18.43x | 10.49x | 10.50x | 15.50x |
| Quick Ratio | 74.77x | 20.51x | 54.65x | 18.18x | 10.16x | 9.98x | 15.50x |
| Cash Conversion Cycle | - | - | - | 198 | 534.39 | 230.02 | - |
| Total Non-Current Liabilities | 551K | 4.89M | 41.11M | 9.62M | 31.42M | 88.44M | 2.59B |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 21.17M |
| Capital Lease Obligations | 551K | 3.78M | 3.64M | 3.46M | 7.39M | 14.36M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 35.93M | 4.96M | 23.58M | 74.08M | 2.57B |
| Total Liabilities | 1.36M | 6.78M | 50.8M | 29.78M | 68.59M | 124.53M | 2.76B |
| Total Debt | 684K | 4.27M | 4.21M | 4.05M | 8.11M | 17.73M | 30.02M |
| Net Debt | -58.84M | -31.85M | -394.81M | -40.32M | -27.56M | -36.67M | -1B |
| Debt / Equity | 0.01x | 0.08x | 0.01x | 0.01x | 0.02x | 0.05x | 0.01x |
| Debt / EBITDA | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - |
| Total Equity | 63.99M▲ 0% | 53.7M▼ 16.1% | 591.23M▲ 1000.9% | 568.21M▼ 3.9% | 484.99M▼ 14.6% | 383.86M▼ 20.9% | 3.81B▲ 893.5% |
| Equity Growth % | - | -16.07% | 1000.93% | -3.89% | -14.65% | -20.85% | 893.51% |
| Book Value per Share | 16.06 | 0.28 | 3.05 | 2.87 | 2.39 | 1.80 | 13.60 |
| Total Shareholders' Equity | 63.99M | 53.7M | 591.23M | 568.21M | 484.99M | 383.86M | 3.8B |
| Common Stock | 1K | 3K | 19K | 20K | 20K | 22K | 36K |
| Retained Earnings | -24.18M | -39.6M | -145.79M | -194.3M | -352.07M | -683.72M | -1.19B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | -148K | -7.36M | -1.97M | 157K | -12.67M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 14.18M |
IONQ Cash Flow Statement
IonQ, Inc. (IONQ) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -7.72M | -12.01M | -26.54M | -44.7M | -78.81M | -105.68M | -283.19M |
| Operating CF Margin % | -3860.5% | - | -1264.27% | -401.56% | -357.55% | -245.36% | -217.81% |
| Operating CF Growth % | - | -55.51% | -121.01% | -68.44% | -76.32% | -34.1% | -167.96% |
| Net Income | -8.93M | -15.42M | -106.19M | -48.51M | -157.77M | -331.65M | -601.26M |
| Depreciation & Amortization | 403K | 1.4M | 2.55M | 5.6M | 10.38M | 18.65M | 73.68M |
| Stock-Based Compensation | 859K | 1.22M | 7.75M | 31.46M | 69.74M | 106.88M | 312.03M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | -44.87M |
| Other Non-Cash Items | 436K | 115K | 69.56M | -30.75M | 11.45M | 113.63M | 41.88M |
| Working Capital Changes | -493K | 678K | -202K | -2.5M | -12.61M | -13.19M | -64.64M |
| Change in Receivables | 0 | -290K | -317K | -1.51M | -8.18M | 1.61M | -37.67M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 96K | 763K | 1.06M | 2.19M | -601K | -7.64M |
| Cash from Investing | -3.34M | -11.68M | -213.78M | -309.06M | 68.77M | 82.73M | -2.1B |
| Capital Expenditures | -2.42M | -10.03M | -7.78M | -9.34M | -13.7M | -17.99M | -16.42M |
| CapEx % of Revenue | 1209% | - | 370.8% | 83.87% | 62.17% | 41.77% | 12.63% |
| Acquisitions | 0 | 0 | 0 | -848K | 0 | -15.45M | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | -924K | -1.64M | -2.24M | -3.23M | -5.85M | -5.58M | -92.2M |
| Cash from Financing | 62.22M | 276K | 603.23M | 1.1M | 1.76M | 41.69M | 3.36B |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 62.22M | 276K | 603.23M | 1.1M | 1.76M | 238K | 46.06M |
| Net Change in Cash | 59.53M▲ 0% | -23.41M▼ 139.3% | 362.9M▲ 1650.4% | -352.66M▼ 197.2% | -8.29M▲ 97.7% | 18.76M▲ 326.4% | 980.91M▲ 5129.0% |
| Free Cash Flow | -10.14M▲ 0% | -23.68M▼ 133.6% | -36.56M▼ 54.4% | -57.26M▼ 56.6% | -98.36M▼ 71.8% | -129.25M▼ 31.4% | -299.6M▼ 131.8% |
| FCF Margin % | -5069.5% | - | -1741.83% | -514.44% | -446.24% | -300.08% | -230.44% |
| FCF Growth % | - | -133.58% | -54.38% | -56.62% | -71.77% | -31.41% | -131.8% |
| FCF per Share | -2.54 | -0.12 | -0.19 | -0.29 | -0.49 | -0.61 | -1.07 |
| FCF Conversion (FCF/Net Income) | 0.86x | 0.78x | 0.25x | 0.92x | 0.50x | 0.32x | 0.47x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
IONQ Key Ratios
IonQ, Inc. (IONQ) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -13.96% | -26.21% | -32.93% | -8.37% | -29.96% | -76.34% | -28.65% |
| Return on Invested Capital (ROIC) | - | -87.42% | -26.59% | -17.76% | -24.02% | -43.05% | -30.08% |
| Gross Margin | 56% | - | -70.94% | 23.21% | 63.22% | 8.87% | 40.4% |
| Net Margin | -4467.5% | - | -5058.89% | -435.82% | -715.77% | -769.96% | -462.45% |
| Debt / Equity | 0.01x | 0.08x | 0.01x | 0.01x | 0.02x | 0.05x | 0.01x |
| FCF Conversion | 0.86x | 0.78x | 0.25x | 0.92x | 0.50x | 0.32x | 0.47x |
| Revenue Growth | - | -100% | - | 430.3% | 98.02% | 95.41% | 201.85% |
IONQ SEC Filings & Documents
IonQ, Inc. (IONQ) SEC filings — annual & quarterly reports (10-K, 10-Q)
IONQ Frequently Asked Questions
IonQ, Inc. (IONQ) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
IonQ, Inc. (IONQ) reported $130.0M in revenue for fiscal year 2025. This represents a 64908% increase from $0.2M in 2019.
IonQ, Inc. (IONQ) grew revenue by 201.9% over the past year. This is strong growth.
IonQ, Inc. (IONQ) reported a net loss of $560.5M for fiscal year 2025.
Dividend & Returns
IonQ, Inc. (IONQ) has a return on equity (ROE) of -28.6%. Negative ROE indicates the company is unprofitable.
IonQ, Inc. (IONQ) had negative free cash flow of $301.8M in fiscal year 2025, likely due to heavy capital investments.
Explore More IONQ
IonQ, Inc. (IONQ) financial analysis — history, returns, DCA and operating performance tools
Full IONQ Stock Analysis
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Price History
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Revenue History
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Financial Ratios
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Valuation
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