IonQ, Inc.

IONQ Technology Computer Hardware

IonQ, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $130.0 million, up 201.9% from fiscal 2024.

Revenue
+336.0%
EPS
+139.7%
Free cash flow
−142.4%

Quarter to September 2026, against a year earlier

32.02 5.59 +21.15%
Market cap
$11.4B
P/E
40.8×
Fwd P/E
−7.5×
Dividend yield
—
F-score
4/9
Altman Z
2.63
Beneish M
1.69
Dividend safety
n/a

IonQ, Inc. (IONQ) Free cash flow margin

Alert me on Free cash flow margin

IonQ, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was −169.5%, up 60.9 percentage points from fiscal 2025 (−230.4%). Over the past ten years it has ranged from −1,741.8% (fiscal 2021) to 0.00% (fiscal 2020); the current reading is higher than 83% of that period. That is below the Computer Hardware industry median of 0.00% and below the Technology sector median of 0.67%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 −230.4% 60.57
FY2024 −291.0% 134.55
FY2023 −425.6% 88.88
FY2022 −514.4% 1,227.39
FY2021 −1,741.8% (1,741.83)
FY2020 0.00% —

Against its own ten years

Low −1,741.8% High 0.00%
Ten-year median −358.3%
Current reading's percentile 83

Free cash flow margin against peers

Company Free cash flow margin
CRCT Cricut, Inc. compare 25.9%
LOGI Logitech International S.A. compare 19.3%
HPQ HP Inc. compare 6.56%
P Everpure, Inc. compare 3.01%
IQMX IQM Quantum Computers Oyj compare 0.00%
SMCI Super Micro Computer, Inc. compare −12.0%
IONQ IonQ, Inc. −169.5%
RGTI Rigetti Computing, Inc. compare −655.9%
QBTS D-Wave Quantum Inc. compare −963.8%
Computer Hardware industry median 0.00%
Technology sector median 0.67%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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