IonQ, Inc. develops quantum computing systems in the United States, Switzerland, and Internationally. It sells access to quantum computers of various qubit capacities.
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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.
The company has a collaboration agreement with University of Chicago. The company was founded in 2015 and is headquartered in College Park, Maryland.
Quality Score breakdown
Overall quality26/100
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Profitability0
How much profit the company makes from its sales and capital
Quality Growth64
Are margins and returns getting better?
Cashflow1
Do the profits arrive as real cash?
Financial strength76
Debt, balance sheet and risk of trouble
Investment14
Does it invest with discipline instead of growing at any price?
Low Volatility0
How calm the share price moves, does not count
Price momentum9
Price momentum of the last 3 to 12 months, does not count
In the last 6 months, 3 officers or directors sold shares worth $602,780 and none bought.
SaleJohn w RaymondDirector3× since Mar 12, 2026: 9,022 shares, avg. $43.54$392,780Sep 10, 2026
SaleKathryn K. ChouDirector3× since Dec 11, 2025: 27,757 shares, avg. $52.41$1.5MJun 18, 202610b5-1 plan
SaleGabrielle B ToledanoDirector2× since Feb 24, 2026: 3,373 shares, avg. $50.63$170,759Jun 18, 202610b5-1 plan
SaleRobert T. CardilloDirector2× since Feb 26, 2026: 8,938 shares, avg. $43.86$391,980May 6, 202610b5-1 plan
BuyWilliam J Teuber JrDirector2× since Nov 11, 2025: 5,000 shares, avg. $44.96$224,810Feb 27, 2026
SaleRima AlameddineChief Revenue Officer100,000 shares at $46.89$4.7MNov 20, 202510b5-1 plan
Plus 15 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+201.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+126.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+290.6%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+194.3%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−11,002.1% (2020) → −487.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Computer Hardware · 212 stocks
Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score26 · Bottom 25%
Profitability
Return on equity (12 months)6.9% · Below median
Return on assets−7.8% · Bottom 25%
Net margin (12 months)67.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)336.0% · Top 25%
Valuation Multiplesvs Computer Hardware median · lower = cheaper
IONQ Inc has a Quality Score of 26/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of IONQ Inc (IONQ)?
IONQ Inc reported trailing-twelve-month revenue of about $380M (latest available figure, as of Nov 6, 2026).
How solid is the balance sheet of IONQ Inc (IONQ)?
Balance-sheet figures for IONQ Inc (as of Nov 6, 2026): return on equity 6.9%. They feed the Quality Score of 26/100, which measures business quality independently of the share price.
Which stocks are comparable to IONQ Inc?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Sandisk Corporation, Seagate Technology Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
What is the share price of IONQ Inc (IONQ)?
The closing price on Nov 6, 2026 was $32.62. We carry closing prices from our data provider, not a live tick.
Key figures of IONQ Inc
How large is the market capitalisation of IONQ Inc (IONQ)?
The market capitalisation of IONQ Inc is $12.0B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of IONQ Inc (IONQ)?
The price-to-sales ratio of IONQ Inc is 29.8 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of IONQ Inc (IONQ)?
Earnings per share at IONQ Inc are $−3.43. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of IONQ Inc (IONQ)?
The return on equity (ROE) of IONQ Inc is 6.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of IONQ Inc (IONQ)?
On an EBIT basis the return on assets of IONQ Inc is −20.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of IONQ Inc (IONQ)?
The operating margin of IONQ Inc is −249% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at IONQ Inc (IONQ)?
Revenue at IONQ Inc is growing +336% versus a year earlier (3y avg +127%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does IONQ Inc (IONQ) generate?
The free cash flow of IONQ Inc is −$300M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does IONQ Inc (IONQ) hold?
IONQ Inc holds more cash than debt, $1.0B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 6, 2026