IonQ, Inc.

NYSE•IONQ

CEO: Dr. Jungsang Kim Ph.D.

Sector: Technology

Industry: Computer Hardware

Listing Date: 2021-01-04

IonQ, Inc. engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. 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. It also provides contracts associated with the design, development, and construction of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems. The company was incorporated in 2015 and is headquartered in College Park, Maryland.

Contact Information

4505 Campus Drive, College Park, MD, 20740, United States

301-298-7997

ionq.com

Market Cap

$13.78B

P/E (TTM)

-23.6

Dividend Yield

52W High

$84.64

52W Low

$17.88

52W Range

31%

Rank54Top 78.1%

2.7

F-Score

Modified Piotroski Analysis

Based on 6-year fundamentals

Weak • 2.7 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2020-2025

Financial Dashboard

Q4 2025 Data

Revenue

$61.89M+0.00%

4-Quarter Trend

EPS

$2.13+0.00%

4-Quarter Trend

FCF

-$83.30M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Revenue Growth Acceleration Revenue $130.0M, up 202% in 2025 from $43.1M in 2024, driven by hardware arrangements and acquisitions.

Major Strategic Acquisitions Completed six major acquisitions in 2025, including Oxford Ionics and Capella Space, accelerating technology roadmap.

Strong Liquidity Position Cash, equivalents, and investments totaled $3.34B as of December 31, 2025, supporting near-term capital needs.

R&D Investment Surge R&D expenses increased 123% to $305.7M in 2025, reflecting heavy investment in quantum system development.

Risk Factors

Operating Losses Continue Net loss attributable to IonQ, Inc. reached $510.4M in 2025; expects significant losses to continue for foreseeable future.

Quantum Scaling Barriers Faces significant barriers producing scalable quantum computers; failure to overcome technical hurdles could cause business failure.

Intense Competitive Landscape Intense global competition; competitors achieving quantum advantage first could render current systems obsolete or inferior.

Supply Chain Vulnerabilities Highly reliant on third-party suppliers for components; supply chain interruptions could delay product introduction and revenues.

Outlook

SkyWater Acquisition Pending Pending acquisition of SkyWater Technology for $1.8B expected to close within the next twelve months, subject to approval.

Focus on Quantum Advantage Prioritizing technical milestones necessary to achieve increasingly higher qubit counts and performance for broad quantum advantage.

Ecosystem Platform Expansion Continuing investment in quantum networking, sensing, and security products to deepen customer exposure across the platform.

Future Capital Requirements Future expansion remains capital-intensive, requiring continued reliance on cash reserves or potential future equity or debt financing.

Peer Comparison

Revenue (TTM)

HPQ

$56.23B

+4.4%

FLEX

$26.84B

+12.2%

LDOS

$17.17B

+3.1%

Gross Margin (Latest Quarter)

GEN

74.0%

-1.9pp

NTAP

70.6%

+1.0pp

CPAY

69.8%

-7.4pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
CIEN	$50.04B	405.9	4.5%	27.0%
SATS	$34.17B	-2.6	-98.8%	127.8%
FLEX	$24.22B	28.9	16.8%	26.9%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

101.5%

Strong Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

Cash Flow Needs Attention

Deep Research

Next earnings:May 5, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data