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IonQ
(NYSE:IONQ)
IonQ (IONQ) vs. SPDR S&P 500 ETF (SPY)
IonQ Business Overview & Revenue Model
IonQ Key Performance Indicators (KPIs)
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Main Street DataIonQ Earnings Call Summary
IonQ Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 52.37M | 43.07M | 22.04M | 11.13M | 2.10M | 0.00 |
| Gross Profit | 597.00K | 3.82M | 3.56M | 2.58M | -1.49M | -1.40M |
| EBITDA | -451.93M | -312.93M | -147.35M | -42.91M | -103.64M | -14.02M |
| Net Income | -463.58M | -331.65M | -157.77M | -48.51M | -106.19M | -15.42M |
Balance Sheet | ||||||
| Total Assets | 1.35B | 508.39M | 553.58M | 597.99M | 642.03M | 60.48M |
| Cash, Cash Equivalents and Short-Term Investments | 546.85M | 340.29M | 355.44M | 355.80M | 522.47M | 36.12M |
| Total Debt | 19.27M | 17.73M | 8.11M | 4.05M | 4.21M | 4.27M |
| Total Liabilities | 168.16M | 124.53M | 68.59M | 29.78M | 50.80M | 6.78M |
| Stockholders Equity | 1.16B | 383.86M | 484.99M | 568.21M | 591.23M | 53.70M |
Cash Flow | ||||||
| Free Cash Flow | -159.85M | -129.25M | -98.36M | -57.26M | -36.56M | -23.68M |
| Operating Cash Flow | -144.24M | -105.68M | -78.81M | -44.70M | -26.54M | -12.01M |
| Investing Cash Flow | -170.07M | 82.73M | 68.77M | -309.06M | -213.78M | -11.68M |
| Financing Cash Flow | 413.22M | 41.69M | 1.76M | 1.10M | 603.23M | 276.00K |
IonQ Technical Analysis
IonQ Risk Analysis
IonQ Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | $11.77B | ― | -83.70% | ― | 120.20% | -143.95% | |
47 Neutral | $3.23B | ― | -32.63% | ― | -21.56% | -103.08% | |
46 Neutral | $20.82B | ― | -57.06% | ― | 67.83% | -154.69% | |
44 Neutral | $14.04B | ― | -48.81% | ― | -37.20% | -58.82% |
IonQ Corporate Events
On October 16, 2025, IonQ, Inc. filed a prospectus supplement with the SEC for the resale of over 25 million shares of common stock by certain stockholders. This move is part of the company’s ongoing financial strategies and could impact its market positioning and shareholder dynamics.
The most recent analyst rating on (IONQ) stock is a Buy with a $100.00 price target. To see the full list of analyst forecasts on IonQ stock, see the IONQ Stock Forecast page.
On October 16, 2025, IonQ, Inc. filed a prospectus supplement with the SEC for the resale of 6,649,263 shares of common stock by certain selling stockholders. This filing is part of the company’s ongoing efforts to manage its stockholder equity and could impact its market operations by potentially increasing the liquidity of its shares.
The most recent analyst rating on (IONQ) stock is a Buy with a $100.00 price target. To see the full list of analyst forecasts on IonQ stock, see the IONQ Stock Forecast page.
On October 10, 2025, IonQ, Inc. entered into an underwriting agreement with J.P. Morgan Securities LLC for the public offering of 16,500,000 shares of common stock and 48,016,200 warrants. The offering, expected to close on October 14, 2025, is structured to provide flexibility in stock issuance and potential adjustments in response to market conditions, impacting IonQ’s financial strategy and stakeholder interests.
The most recent analyst rating on (IONQ) stock is a Buy with a $100.00 price target. To see the full list of analyst forecasts on IonQ stock, see the IONQ Stock Forecast page.
On October 2, 2025, IonQ completed its acquisition of Vector Atomic, a leader in quantum sensing, significantly enhancing its quantum technology platform. This strategic move integrates Vector Atomic’s advanced precision atomic clocks and inertial sensors into IonQ’s offerings, strengthening its position in the defense and space industries. The acquisition is part of IonQ’s broader strategy to build a comprehensive quantum portfolio, following recent acquisitions and partnerships, and aims to deliver real-world impact across multiple sectors.
The most recent analyst rating on (IONQ) stock is a Buy with a $100.00 price target. To see the full list of analyst forecasts on IonQ stock, see the IONQ Stock Forecast page.
IonQ has appointed General John W. ‘Jay’ Raymond, the former Chief of Space Operations for the U.S. Space Force, to its Board of Directors as of September 29, 2025. This strategic move is expected to bolster IonQ’s partnerships with government and defense agencies, leveraging Raymond’s extensive experience in national security to advance the company’s quantum computing and networking initiatives, particularly in space operations.
The most recent analyst rating on (IONQ) stock is a Buy with a $100.00 price target. To see the full list of analyst forecasts on IonQ stock, see the IONQ Stock Forecast page.
On September 16, 2025, IonQ completed the acquisition of Oxford Ionics, a UK-based quantum computing firm, enhancing its technological capabilities and expanding its presence in the UK and other global markets. This acquisition is part of IonQ’s strategy to advance its quantum computing roadmap, integrating Oxford Ionics’ ion trap technology with its systems to develop high-fidelity quantum architectures. Additionally, IonQ announced a definitive agreement to acquire Vector Atomic, Inc. in an all-stock transaction expected to close in the fourth quarter of 2025, further solidifying its position in the quantum computing industry.
The most recent analyst rating on (IONQ) stock is a Buy with a $75.00 price target. To see the full list of analyst forecasts on IonQ stock, see the IONQ Stock Forecast page.
IonQ announced the appointment of Inder M. Singh as Chief Financial Officer and Chief Operating Officer, effective September 4, 2025. Singh, who brings over 30 years of financial and strategic leadership experience, is expected to support IonQ’s ambitious goal of reaching 2 million physical and 80,000 logical qubits by 2030. Singh’s previous roles include CFO of Arm and leadership positions at Unisys and Cisco, where he was instrumental in driving financial strategies and growth. His appointment is seen as a strategic move to strengthen IonQ’s financial foundation and scale its commercial reach, positioning the company for accelerated growth in quantum computing and networking.
The most recent analyst rating on (IONQ) stock is a Hold with a $42.00 price target. To see the full list of analyst forecasts on IonQ stock, see the IONQ Stock Forecast page.
On August 28, 2025, IonQ, Inc. filed a prospectus supplement with the SEC for the resale of over 12 million shares of common stock by certain stockholders. This filing is part of the company’s ongoing regulatory compliance and could impact its stock market activities and shareholder dynamics.
The most recent analyst rating on (IONQ) stock is a Hold with a $42.00 price target. To see the full list of analyst forecasts on IonQ stock, see the IONQ Stock Forecast page.
IonQ announced the appointment of Jim Frankola, former CFO of Ariba and Cloudera, to its Board of Directors on August 28, 2025. Frankola’s expertise in scaling enterprise cloud and software businesses is expected to bolster IonQ’s growth and enhance its capabilities in quantum computing solutions. His appointment underscores IonQ’s commitment to strengthening its leadership team as it aims to deliver powerful quantum computing solutions across various sectors, including drug discovery, materials science, and cybersecurity.
The most recent analyst rating on (IONQ) stock is a Buy with a $61.00 price target. To see the full list of analyst forecasts on IonQ stock, see the IONQ Stock Forecast page.
On August 11, 2025, IonQ‘s Board approved equity grants for its executives to align incentives with shareholder results. CEO Niccolo de Masi received RSUs for 485,319 shares and a salary increase, while CLO Paul T. Dacier was granted RSUs for 109,197 shares, both vesting over three years.
The most recent analyst rating on (IONQ) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on IonQ stock, see the IONQ Stock Forecast page.
On August 11, 2025, IonQ, Inc. filed a prospectus supplement with the SEC for the resale of 13,220,367 shares of common stock by certain stockholders. This filing is part of the company’s ongoing efforts to manage its stockholder equity and maintain compliance with SEC regulations.
The most recent analyst rating on (IONQ) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on IonQ stock, see the IONQ Stock Forecast page.
IonQ’s recent earnings call reflected a generally optimistic sentiment, buoyed by impressive revenue growth, strategic partnerships, and technological advancements. However, the positive outlook was tempered by rising operating costs and regulatory hurdles related to a significant acquisition.
IonQ, Inc. is a leading commercial quantum computing and networking company, known for its high-performance systems aimed at solving complex global problems. The company operates in the quantum technology sector, with a focus on advancing quantum computing and networking solutions.
Ionq, Inc. faces significant business risks that could materially impact its operations and financial health. As an early-stage company with a limited operating history, it struggles with forecasting future results and has a track record of operating losses. The company may not be able to scale quickly enough to meet market demands, and its quantum computing technology could become obsolete if competitors achieve technological breakthroughs. Additionally, Ionq’s reliance on a specific isotope for its ion trap technology and the concentration of revenue among a few customers further exacerbate its vulnerabilities.