Last 22 quarters of trend data · Technology · Computer Hardware
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -24.05 | — | 3.48 | 5.81 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 125.66 | 61.15 | 41.37 | 66.88 | 113.59 | 130.28 | 166.82 | 194.36 | 37.76 | 32.68 | 68.57 | 104.15 | 123.31 | 123.54 | 71.80 | 45.12 | 90.97 | 82.80 | 320.44 | 495.61 | 2147.91 |
| — | -53.1% | -75.2% | -65.6% | +200.8% | +298.6% | +143.3% | +86.6% | -69.4% | -73.5% | -4.5% | +130.8% | +35.5% | +49.2% | -77.6% | -90.9% | -95.8% | -98.5% | -92.3% | — | — | |
| P/B Ratio | 3.22 | 5.86 | 2.14 | 4.34 | 7.92 | 9.15 | 6.60 | 23.72 | 4.30 | 3.21 | 4.33 | 5.24 | 6.07 | 5.21 | 2.23 | 1.21 | 1.75 | 1.46 | 4.24 | 5.53 | 3.59 |
| — | -35.9% | -67.5% | -81.7% | +84.2% | +184.9% | +52.3% | +352.2% | -29.2% | -38.3% | +94.5% | +333.7% | +247.6% | +257.4% | -47.5% | -78.1% | -51.3% | -96.9% | -89.8% | — | — | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | 3.83 | 3.21 | 5.34 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.4% | 24.9% | 23.8% | 56.5% | 48.0% | 8.5% | -43.7% | 56.9% | 47.5% | 12.8% | 55.0% | -9.2% | 67.3% | 23.3% | 34.0% | 40.7% | 18.1% | 15.9% | 6.1% | 20.9% | -256.2% |
| — | +194.4% | +154.5% | -0.8% | +1.1% | -33.7% | -179.6% | +717.3% | -29.5% | -45.2% | +61.6% | -122.6% | +272.5% | +46.4% | +458.4% | +94.5% | +107.0% | +102.0% | +101.5% | — | — | |
| Operating Margin | -487.4% | -421.3% | -419.8% | -392.2% | -423.5% | -707.9% | -1000.3% | -661.9% | -428.5% | -430.0% | -697.4% | -891.7% | -687.6% | -600.0% | -654.0% | -620.6% | -901.6% | -725.8% | -936.2% | -657.6% | -4516.7% |
| — | +40.5% | +58.0% | +40.7% | +1.2% | -64.6% | -43.4% | +25.8% | +37.7% | +28.3% | -6.6% | -43.7% | +23.7% | +17.3% | +30.1% | +5.6% | +80.0% | +93.2% | +84.1% | — | — | |
| Net Margin | -392.6% | -2333.2% | 1245.4% | 1136.7% | -2646.3% | -854.5% | -426.3% | -1725.0% | -423.4% | -330.0% | -522.2% | -686.3% | -730.3% | -792.7% | -638.0% | -489.8% | -868.0% | -63.4% | -216.4% | -4495.4% | -6343.8% |
| — | -173.0% | +392.2% | +165.9% | -525.1% | -158.9% | +18.4% | -151.4% | +42.0% | +58.4% | +18.2% | -40.1% | +15.9% | -1149.9% | -194.8% | +89.1% | +86.3% | +99.4% | +96.3% | — | — |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -24.3% | -44.8% | 18.3% | 23.1% | -60.9% | -18.2% | -5.6% | -49.3% | -11.7% | -8.0% | -8.2% | -8.5% | -8.8% | -8.1% | -4.9% | -3.3% | -4.1% | -0.3% | -0.7% | -12.9% | -4.9% |
| — | -146.4% | +425.9% | +146.8% | -421.2% | -128.4% | +31.6% | -478.5% | -33.2% | +2.0% | -68.2% | -161.4% | -113.6% | -2805.6% | -581.7% | +74.7% | +16.5% | +98.7% | +95.1% | — | — | |
| ROA | -14.4% | -27.7% | 12.1% | 12.9% | -37.2% | -16.1% | -4.7% | -40.1% | -10.3% | -7.1% | -7.2% | -7.5% | -7.8% | -7.5% | -4.6% | -3.1% | -3.9% | -0.3% | -0.7% | -11.7% | -4.3% |
| — | -72.2% | +355.7% | +132.2% | -260.1% | -127.5% | +34.2% | -436.0% | -31.8% | +5.7% | -56.5% | -141.9% | -100.2% | -2724.2% | -592.4% | +73.5% | +8.9% | +98.3% | +94.2% | — | — | |
| ROIC | -30.1% | -7.6% | -5.5% | -7.6% | -8.4% | -13.1% | -11.7% | -15.1% | -9.2% | -8.4% | -8.9% | -8.8% | -6.4% | -4.9% | -4.1% | -3.4% | -3.5% | -2.7% | -3.9% | -9.5% | — |
| — | +42.1% | +52.6% | +49.5% | +9.6% | -55.6% | -31.7% | -71.0% | -43.8% | -73.1% | -118.6% | -161.4% | -85.1% | -81.3% | -4.2% | +64.5% | — | +93.1% | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.05 | 0.04 | 0.04 | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| — | -0.2% | -73.1% | -83.0% | -70.3% | -54.5% | -30.3% | +176.3% | +191.1% | +201.2% | +188.6% | +134.5% | +102.9% | +70.9% | +59.6% | +0.1% | -6.6% | -92.9% | -91.8% | — | — | |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 15.50 | 10.66 | 14.05 | 15.50 | 8.73 | 7.76 | 13.17 | 10.50 | 12.23 | 13.15 | 11.81 | 10.49 | 14.12 | 16.56 | 19.29 | 18.43 | 21.22 | 30.11 | 37.09 | 54.65 | 53.98 |
| — | +37.3% | +6.7% | +47.7% | -28.7% | -41.0% | +11.5% | +0.0% | -13.4% | -20.6% | -38.8% | -43.1% | -33.5% | -45.0% | -48.0% | -66.3% | -60.7% | +676.9% | +470.9% | — | — | |
| Quick Ratio | 15.16 | 10.66 | 13.62 | 15.16 | 8.31 | 7.33 | 12.67 | 9.98 | 11.68 | 12.53 | 11.34 | 10.16 | 14.12 | 16.56 | 19.29 | 18.18 | 21.22 | 30.11 | 37.09 | 54.65 | 53.98 |
| — | +45.3% | +7.5% | +51.9% | -28.8% | -41.4% | +11.7% | -1.7% | -17.3% | -24.4% | -41.2% | -44.1% | -33.5% | -45.0% | -48.0% | -66.7% | -60.7% | +676.9% | +470.9% | — | — | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 22 years · Updated daily
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Quick answers to the most common questions about buying IONQ stock.
IonQ, Inc.'s current P/E is -24.0x. The average P/E over the last 2 quarters is 4.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
IonQ, Inc.'s current operating margin is -487.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking IonQ, Inc.'s business trajectory between earnings reports.