Monday 12 October 2026 Export all IONQ data to Excel Powerpack

IonQ, Inc.

IonQ, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $130.0 million, up 201.9% from fiscal 2024. In the quarter to June 2026, revenue grew 286.8%, EPS fell 625.7% and free cash flow fell 110.8%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.

36.23 3.66 −9.18%

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Market cap: $16.2B
P/E: 0.0×
Fwd P/E: 172×
Dividend yield: —
F-score: 4/9
Altman Z: 2.63
Beneish M: 1.69
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.22

Total sells 7.21

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	—	—	1	—	—	—	—	—	—	—	—
Sell	1	2	—	2	1	1	1	3	—	—	1	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 16,160.00

Revenue 246.47

Net Income (1,366.33)

Free Cash Flow (483.87)

Net Debt (2,118.97)

Current Ratio 10.66

Debt/Equity 0.00

P/E ratio 0.00

Fwd P/E 172.00

P/S ratio 59.50

P/B ratio 4.39

Past 5Y EPS Growth —

This Y EPS Growth 24.45%

Next Y EPS Growth (6.42%)

Next Y revenue growth 250.03%

Next 5Y EPS Growth 14.02%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 10.10%

10-year low 10-year high

P/B against its own 10 years 53.97%

10-year low 10-year high

EV/Sales against its own 10 years 15.86%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	355	340	2,392	2,119
Receivables	11	10	67	106
Inventory	—	—	—	—
Other	—	—	—	—
	390	379	2,586	2,410

	2023	2024	2025	Q'26
Payables	6	5	26	45
ST’ Debt	—	—	—	—
Other	0	0	—	—
	37	36	167	226

Compound Annual Growth %

	10y	5y	3y
Sales	—	—	126.89%
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	134.57%	88.63%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	65	80	—	—	—
’25	8	21	40	62	130
’24	8	11	12	12	43
’23	4	6	6	6	22
’22	2	3	3	4	11

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(151)	(104)	—	—	—
’25	(33)	(53)	(123)	(75)	(283)
’24	(20)	(27)	(19)	(39)	(106)
’23	(14)	(16)	(22)	(27)	(79)
’22	(8)	(9)	(13)	(15)	(45)
’21	(4)	(6)	(12)	(5)	(27)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(159)	(114)	—	—	—
’25	(36)	(54)	(130)	(80)	(300)
’24	(25)	(35)	(24)	(42)	(125)
’23	(16)	(19)	(28)	(31)	(94)
’22	(12)	(14)	(15)	(17)	(57)
’21	(6)	(8)	(15)	(8)	(37)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	2.07	(5.08)	—	—	—
’25	(0.14)	(0.70)	(3.58)	2.61	(1.82)
’24	(0.19)	(0.18)	(0.24)	(0.93)	(1.56)
’23	(0.14)	(0.22)	(0.22)	(0.20)	(0.78)
’22	(0.02)	(0.01)	(0.12)	(0.09)	(0.25)
’21	(0.06)	(0.08)	(0.12)	(0.50)	(0.77)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	7.07	3.04	3.41	6.22	17.88	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	35.90	17.86	21.60	48.56	84.64
People
People	Employees	—	—	—	2	2	97	202	324	407	1,132
	Revenue/emp, $m	—	—	—	0.00	0.00	0.02	0.06	0.07	0.11	0.11
Income, $m
Income, $m	Revenue	—	—	—	—	—	2	11	22	43	130
	Gross margin, %	—	—	—	—	0.00	50.45	73.55	63.22	52.18	40.40
	EBT	—	—	—	—	(15)	(106)	(49)	(158)	(332)	(557)
	EBT margin, %	—	—	—	—	0.00	(5,058.89)	(435.82)	(715.56)	(769.83)	(428.17)
	Net income	—	0	—	0	(15)	(106)	(49)	(158)	(332)	(512)
	Depreciation	—	—	—	—	1	3	4	1	10	74
Per share, $
Per share, $	Revenue	—	—	—	—	0.00	0.02	0.06	0.11	0.20	0.46
	Earnings	—	—	—	—	(0.13)	(0.77)	(0.25)	(0.78)	(1.56)	(1.82)
	Cash flow	—	—	—	—	(0.10)	(0.19)	(0.23)	(0.39)	(0.50)	(1.01)
	Capex	—	—	—	—	(0.10)	(0.07)	(0.06)	(0.07)	(0.09)	(0.06)
	Free cash flow	—	—	—	—	(0.21)	(0.27)	(0.29)	(0.46)	(0.59)	(1.07)
	Book value	—	—	—	—	0.47	4.30	2.87	2.39	1.80	13.60
	Shares, m	—	—	—	—	115	138	198	203	213	280
Valuation, ×
Valuation, ×	P/E	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00
	P/S	—	—	—	—	—	1,094.84	61.46	111.76	206.58	96.75
	P/B	—	—	—	—	—	3.89	1.20	5.08	23.18	3.30
	EV/Sales	—	—	—	—	—	845.93	29.50	95.63	198.68	78.35
	EV/FCF	—	—	—	—	—	(48.57)	(5.73)	(22.47)	(67.63)	(33.72)
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	(12)	(27)	(45)	(79)	(106)	(283)
	Capex	—	—	—	—	(12)	(10)	(13)	(15)	(20)	(16)
	Free cash flow	—	—	—	—	(24)	(37)	(57)	(94)	(125)	(300)
Balance, $m
Balance, $m	Working capital	—	—	—	—	37	520	351	353	343	2,420
	Total debt	—	—	—	—	4	4	—	—	—	—
	Net debt	—	—	—	—	(36)	(522)	(356)	(355)	(340)	(2,392)
	Shareholders’ equity	—	—	—	—	54	591	568	485	384	3,814
Returns, %
Returns, %	ROA	—	—	—	0.00	(51.01)	(30.23)	(7.82)	(27.40)	(62.46)	(14.42)
	ROIC	—	—	—	—	(55.92)	(35.16)	(25.23)	(76.10)	(333.43)	(27.86)
	ROE	—	—	—	—	(3.64)	(32.93)	(8.37)	(29.96)	(76.34)	(24.32)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
WDC Western Digital Corporation	$141.8B	14.7×	30.5×	+43.84% (above 0%: growing)	+1,070.51% (above 0%: growing)	+89.78% (above 0%: growing)	54.12%	41.71%	Compare
P Everpure, Inc.	$50.2B	203×	76.9×	+37.73% (above 0%: growing)	+57.14% (above 0%: growing)	−258.26% (below 0%: shrinking)	68.42%	5.33%	Compare
HPQ HP Inc.	$29.3B	11.3×	11.3×	+12.53% (above 0%: growing)	−11.11% (below 0%: shrinking)	+7.05% (above 0%: growing)	18.79%	5.69%	Compare
SMCI Super Micro Computer, Inc.	$28.1B	11.7×	14.6×	+93.16% (above 0%: growing)	+454.55% (above 0%: growing)	−12.95% (below 0%: shrinking)	17.47%	13.38%	Compare
IONQ IonQ, Inc.	$16.0B	— (loss-making)	172×	+286.83% (above 0%: growing)	n/m	−110.77% (below 0%: shrinking)	24.91%	(421.29%)
LOGI Logitech International S.A.	$14.6B	17.9×	—	+6.93% (above 0%: growing)	+65.66% (above 0%: growing)	+37.82% (above 0%: growing)	49.54%	21.07%	Compare
QBTS D-Wave Quantum Inc.	$5.5B	— (loss-making)	— (loss-making)	−0.61% (below 0%: shrinking)	n/m	−105.81% (below 0%: shrinking)	55.40%	(1,732.05%)	Compare
RGTI Rigetti Computing, Inc.	$4.7B	— (loss-making)	— (loss-making)	+185.29% (above 0%: growing)	n/m	−27.18% (below 0%: shrinking)	42.58%	(546.17%)	Compare
QUBT Quantum Computing Inc.	$1.7B	— (loss-making)	— (loss-making)	+34.04% (above 0%: growing)	n/m	−62.17% (below 0%: shrinking)	(8,323.61%)	0.00%	Compare
Median of peers	$21.3B	14.7×	22.6×	+35.89%	+65.66%	−20.06%	46.06%	5.51%

All 38 Computer Hardware stocks →

IonQ, Inc. (IONQ) key facts

Strength: IonQ, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $130.0 million, up 201.9% from fiscal 2024.
IonQ, Inc. (IONQ) is a Computer Hardware company in the Technology sector, listed on the New York Stock Exchange.
As of October 12, 2026, IONQ traded at $36.25, a market capitalization of $16.2 billion.
Return on equity was −24.3% and debt-to-equity 0.00.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 2.63 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.