IonQ, Inc. IONQ R2KAI
IonQ, Inc. develops quantum computing systems in the United States, Switzerland, and Internationally. It sells access to quantum computers of various qubit capacities. The company also makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS), Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service. The company engages in quantum-safe communications and quantum detection systems. It provides contracts associated with the design, development, construction, and sale of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems. The company has a collaboration agreement with University of Chicago. The company was founded in 2015 and is headquartered in College Park, Maryland.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 126.9% over 5 years.
CONS
- Trading at a high P/E of 184.8.
- Earnings shrank at -317.4% CAGR over 5 years.
- In a downtrend (50-DMA below 200-DMA).
- RSI at 76 suggests overbought conditions.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | IONQ IonQ, Inc. R2KAI | 72.07 | 184.79 | $26.90B | - | -9.90% | 11.29% | 126.89% | -317.36% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
Quarterly Results
Figures in USD.
| Metric | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | 125.00K | 93.00K | 233.00K | 1.95M | 2.61M | 2.76M | 4.29M | 5.51M | 6.14M | 7.58M | 11.38M | 12.40M | 7.57M | 20.69M | 39.87M | 61.89M | 64.67M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.32M | 8.33M | 21.25M | 43.59M | 49.25M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.25M | 12.37M | 18.61M | 18.30M | 15.41M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | 78.93M | 172.96M | 187.43M | 246.93M | 286.92M |
| Operating Income | -3.58M | -7.34M | -9.99M | -10.52M | -18.28M | -18.93M | -24.91M | -28.02M | -33.09M | -42.19M | -52.88M | -48.94M | -53.13M | -75.68M | -160.59M | -168.81M | -228.63M | -271.51M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | -69.12M | -149.98M | -144.63M | -187.99M | -228.38M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | -32.24M | -192.80M | -1.06B | 728.40M | 798.23M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | 12.00K | -15.27M | -4.44M | -24.88M | -6.38M |
| Net Income | -3.56M | -7.33M | -9.99M | -14.78M | -4.23M | -1.65M | -23.98M | -27.34M | -43.72M | -44.81M | -39.59M | -37.56M | -52.50M | -32.25M | -176.84M | -1.05B | 753.67M | 805.36M |
| Diluted EPS | - | - | -0.08 | -0.12 | -0.02 | -0.01 | -0.12 | -0.14 | -0.22 | -0.22 | -0.19 | -0.18 | -0.24 | -0.14 | -0.70 | -3.58 | 1.93 | 2.07 |
| R&D Expense | 2.34M | 3.65M | 5.48M | 6.18M | 7.34M | 9.65M | 13.29M | 16.23M | 19.87M | 24.60M | 32.37M | 31.20M | 33.18M | 39.95M | 103.36M | 66.30M | - | 125.74M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Revenue | 0 | - | 11.13M | 22.04M | 43.07M | 130.02M |
| Cost of Revenue | - | - | 2.94M | 8.11M | 20.60M | 77.49M |
| Gross Profit | - | - | 8.19M | 13.93M | 22.48M | 52.53M |
| Operating Expenses | - | - | 93.93M | 171.69M | 254.93M | 686.24M |
| Operating Income | -15.73M | - | -85.75M | -157.75M | -232.46M | -633.72M |
| EBITDA | - | - | -80.14M | -147.38M | -213.80M | -551.71M |
| Interest Expense | - | - | - | - | - | - |
| Pretax Income | - | - | -48.51M | -157.72M | -331.59M | -556.69M |
| Tax Provision | - | - | 0 | 48.00K | 59.00K | -44.57M |
| Net Income | -15.42M | - | -48.51M | -157.77M | -331.65M | -510.38M |
| Diluted EPS | - | - | -0.25 | -0.78 | -1.56 | -1.82 |
| R&D Expense | 10.16M | 20.23M | 43.98M | 92.32M | 136.83M | 305.70M |
Compounded Sales Growth
| 5 Years: | 126.89% |
| 1 Year: | 754.70% |
Compounded Profit Growth
| 5 Years: | -317.36% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +78.66% |
| 6 Months: | +53.14% |
| 3 Months: | +87.83% |
| 1 Month: | +71.15% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Total Assets | - | 60.48M | - | 597.99M | 553.58M | 508.39M | 6.57B |
| Current Assets | - | - | - | 371.63M | 389.99M | 378.80M | 2.59B |
| Cash & Equivalents | 59.53M | 36.12M | - | 44.37M | 35.66M | 54.39M | 1.03B |
| Inventory | - | - | - | 5.16M | 12.48M | 17.63M | 57.70M |
| Receivables | - | - | - | 1.15M | 8.56M | 6.52M | 33.76M |
| Total Liabilities | - | 6.78M | - | 29.78M | 68.59M | 124.53M | 2.76B |
| Current Liabilities | - | 1.88M | - | 20.16M | 37.16M | 36.09M | 166.82M |
| Long Term Debt | - | - | - | - | - | - | - |
| Total Debt | - | - | - | 4.05M | 8.11M | 17.73M | 30.02M |
| Total Equity | - | 53.70M | - | 568.21M | 484.99M | 383.86M | 3.80B |
| Shares Outstanding | - | - | - | 199.86M | 206.61M | 221.92M | 362.59M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -12.01M | - | -44.70M | -78.81M | -105.68M | -283.19M |
| Investing Cash Flow | -11.68M | - | -309.06M | 68.77M | 82.73M | -2.10B |
| Financing Cash Flow | 276.00K | - | 1.10M | 1.76M | 41.69M | 3.36B |
| Capital Expenditure | -10.03M | - | -12.56M | -13.70M | -17.99M | -16.42M |
| Free Cash Flow | -22.04M | - | -57.26M | -92.51M | -123.67M | -299.60M |
| Net Change in Cash | - | - | -352.66M | -8.28M | 18.73M | 980.33M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Gross Margin % | - | - | 73.6% | 63.2% | 52.2% | 40.4% |
| Operating Margin % | - | - | -770.3% | -715.7% | -539.7% | -487.4% |
| Net Margin % | - | - | -435.8% | -715.8% | -770.0% | -392.6% |
| ROE % | -28.7% | - | -8.5% | -32.5% | -86.4% | -13.4% |
| ROCE % | -26.8% | - | -14.8% | -30.5% | -49.2% | -9.9% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 8.00% | 29.87M | $2.15B |
| 2 | Morgan Stanley | 5.67% | 21.16M | $1.52B |
| 3 | Vanguard Portfolio Management LLC | 4.12% | 15.39M | $1.11B |
| 4 | Vanguard Capital Management LLC | 4.04% | 15.06M | $1.09B |
| 5 | Defiance Etfs, LLC | 2.60% | 9.70M | $699.24M |
| 6 | State Street Corporation | 2.48% | 9.27M | $668.15M |
| 7 | Geode Capital Management, LLC | 2.26% | 8.44M | $608.28M |
| 8 | UBS Group AG | 1.56% | 5.81M | $418.42M |
| 9 | Marex Group Plc | 1.07% | 4.01M | $288.71M |
| 10 | Goldman Sachs Group Inc | 0.95% | 3.55M | $256.12M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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