IonQ
IONQ NYSE· Technology Hardware, Storage & Peripherals
Last close · Oct 23, 2026
$31.27
KIRA · Stoqly’s AI analyst, in plain words
- IonQ had $130M of revenue in fiscal 2025, up 201.9% on the year before.
- Its operating margin was −487.4%, up 52.3 pts: of every 100 in sales, about −487 is left after running the business.
- IonQ lost $510M in fiscal 2025.
- Free cash flow was −$300M in fiscal 2025, −230.4% of revenue.
- IonQ returned $0.0M to shareholders in fiscal 2025. The diluted share count rose 31.6%.
- IonQ has $2.4B more cash than debt.
Market cap
$11.5B
P/E
—
Revenue
$130M
Net income
−$510M
Free cash flow
−$300M
Operating margin
−487.4%
IonQ in 30 seconds · fiscal 2025
Are sales growing?
+201.9%
Yes. Sales grew 201.9% last year.
Does it make a profit?
−392.6%
No. It lost money last year.
Does profit turn into cash?
−230.4%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 8
Weak. It passes 3 of 8 health tests.
What IonQ does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 25, 2026
- Legal name
- IonQ, Inc.
- CIK
- 0001824920
IonQ · IONQ
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $2.1M | $1.2B | $22.0M | $43.1M | $130M |
| Revenue growth | — | 58,737.5% | −98.2% | 95.4% | 201.9% |
| Operating margin | −1,843.1% | −6.9% | −715.7% | −539.7% | −487.4% |
| Net income | −$106M | −$48.5M | −$158M | −$332M | −$510M |
| Net margin | −5,058.9% | −3.9% | −715.8% | −770.0% | −392.6% |
| Diluted EPS | −$0.77 | −$0.25 | −$0.78 | −$1.56 | −$1.82 |
| Cash | |||||
| Cash from operations | −$26.5M | −$44.7M | −$78.8M | −$106M | −$283M |
| Capital expenditure | $7.8M | $9.3M | $13.7M | $18.0M | $16.4M |
| Free cash flow | −$34.3M | −$54.0M | −$92.5M | −$124M | −$300M |
| FCF margin | −1,635.1% | −4.4% | −419.7% | −287.1% | −230.4% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share count change | 19.6% | 43.7% | 2.5% | 5.2% | 31.6% |
| Debt and strength | |||||
| Cash and short-term investments | $523M | $356M | $355M | $340M | $2.4B |
| Debt incl. finance leases | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $591M | $568M | $485M | $384M | $3.8B |
| Current ratio | 54.7x | 18.4x | 10.5x | 10.5x | 15.5x |
| Returns and quality | |||||
| Return on capital | −70.8% | −48.2% | −72.9% | −212.2% | −68.3% |
| Return on equity | −32.9% | −8.4% | −30.0% | −76.3% | −24.4% |
| Piotroski F-score | — | 3 | 1 | 3 | 3 |
| Altman Z'' | 16.4 | 21.9 | 7.6 | 0.2 | 2.6 |
Insiders bought, 12 months
$0.2M
1 insider
Insiders sold, 12 months
$7.2M
5 insiders
Of sales under plans
99%
$7.1M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
IonQ · IONQ
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| IonQ IONQ | $11.5B | 201.9% | −487.4% | −230.4% | −68.3% | — | 3 |
| Everpure P | $45.4B | 15.6% | 3.1% | 16.8% | — | 179.9x | 7 |
| Logitech LOGI | $15.9B | 6.3% | 16.0% | 20.2% | 121.9% | 20.2x | 7 |
| NetApp NTAP | $44.4B | 5.4% | 24.2% | 27.0% | — | 31.3x | 7 |
| Seagate Technology STX | $147.5B | 34.1% | 33.6% | 25.5% | 92.0% | — | 8 |
KIRA
At $31.27 a share, the company is worth $11.5B.
IonQ grew sales faster than 4 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0001824920). Data updated October 14, 2026. For information only — not investment advice. Check the original filings before relying on any figure.