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IonQ, Inc.

IONQ

$27.46 ▼ -2.08 (-7.04%) at close

7 Visible periods

26 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

IonQ, Inc. faces fundamental challenges. The fundamentals warrant careful consideration of downside risks.

Market Cap $7.7B

Dividend Yield —

Revenue Growth 201.9% ↗

Op. Margin -487.4%

ROIC -15.3% ↗

FCF / Share $-1.07 ↘

Trailing P/E —

Price / Book 2.6x

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Nov 5, 2026.

7-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$130.02M

↑ +201.9% —

Net Income Profit after all expenses

$-510.38M

↓ -53.9% —

Operating Margin Operating profit as % of sales

-487.4%

↓ -6920.2% 0th

FCF / Share Free cash flow per share

$-1.07

↓ -84.1% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↓

Returns ↑

Cash Quality ↑

Financial view

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📈 Is growth accelerating? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Revenue Growth YoY (%)	201.9% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1582%)	95.4% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+695%)	-98.2% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-918%)	58737.5% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+489380%)	—	—	—
EPS Growth YoY (%)	-16.7% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	-100.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-212.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	67.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—
Net Income Growth YoY (%)	-53.9% Weak ↑ Weak Improving Year-over-year change in net income	-110.2% Weak ↑ Weak Improving Year-over-year change in net income	-225.2% Weak ↑ Weak Improving Year-over-year change in net income	54.3% Excellent Excellent Year-over-year change in net income	-588.4% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	-84.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	-27.1% Weak ↑ Weak Improving Year-over-year change in free cash flow	-67.1% Weak Weak Year-over-year change in free cash flow	-9.6% Weak Weak Year-over-year change in free cash flow	—	—	—
Revenue CAGR 3Y (%)	-52.8% Weak Weak Compound annual revenue growth over 3 years	173.8% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Operating Margin (%) (%)	-487.4% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2537%)	—	—	-6.9% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-135%)	—	—	—
Effective Tax Rate (%) (%)	8.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	-392.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2717%)	—	—	-3.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-126%)	—	—	—
FCF Margin (%) (%)	-230.4% Weak → Weak Stable Free cash flow as a percentage of revenue Optimal: > 10%	-287.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-419.7% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-4.4% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—
FCF / Net Income (x)	0.59x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.37x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.59x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.11x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.32x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	1.43x Good Good Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Return on Invested Capital (%)	-15.3% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-60.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-32.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-15.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-6.5% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-29.3% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-9.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-45.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-28.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-14.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-6.0% Weak Weak Operating profit relative to total assets Optimal: > 10%	-26.0% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	-13.4% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-173%)	-86.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-567%)	-32.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-276%)	-8.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-146%)	-18.0% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-197%)	-28.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-255%)	—

⚖️ Is the balance sheet risky? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Net Debt (USD)	$-1.03B	$-54.39M	$-35.66M	$-44.37M	$-399.02M	$-36.12M	$-59.53M

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Revenue per Share (USD)	$0.46	$0.20	$0.11	$6.25	$0.02	—	—
Basic EPS, GAAP (USD)	$-1.82	$-1.56	$-0.78	$-0.25	$-0.77	—	—
Free Cash Flow per Share (USD)	$-1.07	$-0.58	$-0.46	$-0.27	$-0.25	—	—
Book Value per Share (USD)	$10.48	$1.73	$2.35	$2.84	$3.02	$0.45	—
Tangible Book Value per Share (USD)	$2.95	$1.55	$2.27	$2.79	$2.99	$0.43	—
Basic Weighted Avg Shares (shares)	280.35M	213.03M	202.58M	197.73M	137.61M	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Working Capital (USD)	$2.42B	$342.72M	$352.82M	$351.47M	$519.93M	$36.70M	—
Total Equity (USD)	$3.80B	$383.86M	$484.99M	$568.21M	$591.23M	$53.70M	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Sales/Revenue/Turnover (USD)	$130.02M	$43.07M	$22.04M	$1.24B	$2.10M	$0.00	—
Depreciation Expense (USD)	$29.20M	$13.00M	$7.20M	$4.00M	$1.70M	$1.10M	—
Net Income, GAAP (USD)	$-510.38M	$-331.65M	$-157.77M	$-48.51M	$-106.19M	$-15.42M	—
Operating Cash Flow (USD)	$-283.19M	$-105.68M	$-78.81M	$-44.70M	$-26.54M	$-12.01M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 7 years · 25 quarters

IonQ, Inc.

Analytical Summary

7-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

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Signals

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