IonQ, Inc. (IONQ)
IonQ, Inc. specializes in the creation of advanced, general-purpose quantum computing systems. The company provides customers with access to its 20-qubit quantum computers. This access is facilitated through prominent third-party cloud platforms, such as Amazon Web Services' (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as directly via IonQ's own proprietary cloud service. Founded in 2015, IonQ, Inc. is headquartered in College Park, Maryland.
Sector: Services-Computer Integrated Systems Design
Industry: Computer Hardware
IonQ, Inc.
NYSE:IONQTechnology · Computer Hardware
+0.35%$31.27
AH Close$31.19-0.26%vs close
AH Close$31.19-0.26%vs close
Mkt Cap$13.43B
Float378.22M
O/S429.41M
Inst Own45.6%
SI10.7%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$130.02M
Net Income-$510.38M
Total Assets$6.57B
Free Cash Flow-$299.6M
Debt & Equity
Debt 1%
Equity 99%
Total Debt$30.02M
Total Equity$3.8B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in IONQ's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$6.57B
Liabilities$2.76B
Accounts Receivable$85.03M
Accounts Payable$26.14M
Inventory$57.7M
PP&E (Net)$142.87M
Goodwill$1.96B
Intangible Assets$767.43M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $130.02M | $43.07M | $22.04M | $11.13M | $2.1M | $0 | $200K |
| YoY Growth | 201.9% | 95.4% | 98.0% | 430.3% | - | - | - |
| Cost of Revenue | $77.49M | $20.6M | $8.11M | $8.55M | $3.59M | $1.4M | $88K |
| Gross Profit | $52.53M | $22.48M | $13.93M | $2.58M | -$1.49M | -$1.4M | $112K |
| Gross Margin | 40.4% | 52.2% | 63.2% | 23.2% | -70.9% | - | 56.0% |
| Research and Development | $305.7M | $136.83M | $92.32M | $43.98M | $20.23M | $10.16M | $6.89M |
| Selling, General, and Administrative | $298.53M | $99.45M | $68.99M | $44.35M | $16.97M | $4.03M | $2.21M |
| Other | $82M | $18.65M | $10.38M | $0 | $0 | $143K | $270K |
| Total Operating Expenses | $686.24M | $254.93M | $171.69M | $88.33M | $37.2M | $14.33M | $9.37M |
| Operating Income (EBIT) | -$633.72M | -$232.46M | -$157.75M | -$85.75M | -$38.69M | -$15.73M | -$9.26M |
| Operating Margin | -487.4% | -539.7% | -715.7% | -770.3% | -1843.1% | - | -4627.5% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $56M | $18.25M | $19.32M | $7.09M | $64K | $0 | $0 |
| Other Income (Expense) | $77.02M | -$99.13M | $31K | $37.23M | -$67.5M | $309K | $329K |
| Income Before Tax (EBT) | -$556.69M | -$331.59M | -$157.72M | -$48.51M | -$106.19M | -$15.42M | -$8.93M |
| Income Tax Expense | -$44.57M | $59K | $48K | $0 | $0 | $0 | $0 |
| Net Income | -$510.38M | -$331.65M | -$157.77M | -$48.51M | -$106.19M | -$15.42M | -$8.94M |
| Net Income Margin | -392.6% | -770.0% | -715.8% | -435.8% | -5058.9% | - | -4467.5% |
| Supplementary Data | |||||||
| EPS | -1.82 | -1.56 | -0.78 | -0.25 | -0.55 | -0.08 | -2.24 |
| Diluted EPS | -1.82 | -1.56 | -0.78 | -0.25 | -0.55 | -0.08 | -2.24 |
| Weighted Average OS | 280.35M | 213.03M | 202.58M | 197.73M | 192.28M | 192.49M | 3.98M |
| EBITDA | -$474.69M | -$312.93M | -$147.35M | -$42.91M | -$103.64M | -$14.02M | -$8.85M |
| EBITDA Margin | -365.1% | -726.5% | -668.5% | -385.5% | -4937.5% | - | -4426.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $1.03B | $54.39M | $35.66M | $44.37M | $399.02M | $36.12M | $59.53M |
| Short-Term Investments | $1.36B | $285.9M | $319.78M | $311.43M | $123.44M | $0 | $0 |
| Cash and Short-Term Investments | $2.39B | $340.29M | $355.44M | $355.8M | $522.47M | $36.12M | $59.53M |
| Accounts Receivable | $85.03M | $12.41M | $13.58M | $3.29M | $707K | $390K | $100K |
| Inventory | $57.7M | $18.66M | $12.48M | $5.16M | $0 | $0 | $0 |
| Other Current Assets | $25.12M | $2.56M | $2.8M | $3.42M | $0 | $0 | $0 |
| Total Current Assets | $2.59B | $378.8M | $389.99M | $371.63M | $529.62M | $38.58M | $60.42M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $142.87M | $62.23M | $42.13M | $29.77M | $22.9M | $16.28M | $3.65M |
| Goodwill | $1.96B | $9.9M | $742K | $742K | $0 | $0 | $0 |
| Intangible Assets | $767.43M | $29.47M | $15.08M | $8.94M | $5.84M | $2.69M | $1.28M |
| Long-Term Investments | $944.64M | $23.55M | $100.49M | $182M | $80.11M | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $165.39M | $4.44M | $5.16M | $4.91M | $3.56M | $2.93M | $6K |
| Total Long-Term Assets | $3.98B | $129.59M | $163.59M | $226.36M | $112.41M | $21.9M | $4.93M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $6.57B | $508.39M | $553.58M | $597.99M | $642.03M | $60.48M | $65.34M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $26.14M | $5.23M | $5.6M | $3.06M | $1.88M | $538K | $441K |
| Short-Term Debt | $8.85M | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $250K | $700K | $115K | $0 |
| Current Unearned Revenue | $42.12M | $10.68M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $45.51M | $387K | $12.59M | $9.86M | $4.59M | $240K | $0 |
| Total Current Liabilities | $166.82M | $36.09M | $37.16M | $20.16M | $9.69M | $1.88M | $808K |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $1.92M | $0 | $447K | $1.2M | $1.53M | $1.12M | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $2.57B | $74.08M | $23.58M | $4.96M | $35.93M | $0 | $0 |
| Total Long-Term Liabilities | $2.59B | $88.44M | $31.42M | $9.62M | $41.11M | $4.89M | $551K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.76B | $124.53M | $68.59M | $29.78M | $50.8M | $6.78M | $1.36M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $84.9M |
| Common Stock | $36K | $22K | $20K | $20K | $19K | $3K | $1K |
| Retained Earnings | -$1.19B | -$683.72M | -$352.07M | -$194.3M | -$145.79M | -$39.6M | -$24.18M |
| Comprehensive Income & Other | -$12.67M | $157K | -$1.97M | -$7.36M | -$148K | $0 | $0 |
| Other Stockholders' Equity | $4.99B | $1.07B | $837.05M | $762.49M | $737M | $93.31M | $88.17M |
| Total Equity | $3.8B | $383.86M | $484.99M | $568.21M | $591.23M | $53.7M | $63.99M |
| Minority Interest | $14.18M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $6.56B | $508.39M | $553.58M | $597.99M | $642.03M | $60.48M | $65.34M |
| Supplementary Data | |||||||
| Total Debt | $30.02M | $17.73M | $8.11M | $4.05M | $4.21M | $4.27M | $684K |
| Net Debt | -$1B | -$36.67M | -$27.56M | -$40.32M | -$394.81M | -$31.85M | -$58.84M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$601.26M | -$331.65M | -$157.77M | -$48.51M | -$106.19M | -$15.42M | -$8.93M |
| Depreciation & Amortization | $82M | $18.65M | $10.38M | $5.6M | $2.55M | $1.4M | $403K |
| Deferred Income Tax | -$44.87M | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $312.03M | $106.88M | $69.74M | $31.46M | $7.75M | $1.22M | $859K |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$37.67M | $1.61M | -$8.18M | -$1.51M | -$317K | -$290K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$7.64M | -$601K | $2.19M | $1.06M | $763K | $96K | $0 |
| Other Working Capital | -$19.34M | -$14.2M | -$6.63M | -$2.04M | -$648K | $872K | -$493K |
| Total Working Capital Change | -$64.64M | -$13.19M | -$12.61M | -$2.5M | -$202K | $678K | -$493K |
| Other Non-Cash Items | $33.55M | $113.63M | $11.45M | -$30.75M | $69.56M | $115K | $436K |
| Net Cash from Operating | -$283.19M | -$105.68M | -$78.81M | -$44.7M | -$26.54M | -$12.01M | -$7.72M |
| Investing Activities | |||||||
| Capital Expenditures | -$16.42M | -$17.99M | -$13.7M | -$9.34M | -$7.78M | -$10.03M | -$2.42M |
| Acquisitions | $0 | -$15.45M | $0 | -$848K | $0 | $0 | $0 |
| Purchases of Investments | -$2.67B | -$296.33M | -$298.44M | -$605.69M | -$203.76M | $0 | $0 |
| Sales of Investments | $682.83M | $418.08M | $386.76M | $310.05M | $0 | $0 | $0 |
| Other Investing Activities | -$92.2M | -$5.58M | -$5.85M | -$3.23M | -$2.24M | -$1.64M | -$924K |
| Net Cash from Investing | -$2.1B | $82.73M | $68.77M | -$309.06M | -$213.78M | -$11.68M | -$3.34M |
| Financing Activities | |||||||
| Debt Repaid | - | - | - | - | - | - | - |
| Common Stock Issuance | $3.31B | $41.45M | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $46.06M | $238K | $1.76M | $1.1M | $603.23M | $276K | $62.22M |
| Net Cash from Financing | $3.36B | $41.69M | $1.76M | $1.1M | $603.23M | $276K | $62.22M |
| Forex Effect | $581K | $25K | -$2K | $0 | $0 | $0 | $8.37M |
| Net Change in Cash | $980.91M | $18.76M | -$8.29M | -$352.66M | $362.9M | -$23.41M | $59.53M |
| Supplementary Data | |||||||
| Operating Cash Flow | -$283.19M | -$105.68M | -$78.81M | -$44.7M | -$26.54M | -$12.01M | -$7.72M |
| Capital Expenditure | -$16.42M | -$23.57M | -$19.55M | -$12.56M | -$10.02M | -$11.68M | -$2.42M |
| Free Cash Flow | -$299.6M | -$129.25M | -$98.36M | -$57.26M | -$36.56M | -$23.68M | -$10.14M |
| Cash at Beginning | $56.84M | $38.08M | $46.37M | $399.02M | $36.12M | $59.53M | $0 |
| Cash at End | $1.04B | $56.84M | $38.08M | $46.37M | $399.02M | $36.12M | $59.53M |