How does IONQ *'s PB Ratio compare to its peers?

IONQ * is expensive based on its Price-To-Book Ratio (21.4x) compared to the peer average (4.6x).

How does IONQ *'s PB Ratio compare vs other companies in the Global Tech Industry?

IONQ * is expensive based on its Price-To-Book Ratio (21.4x) compared to the Global Tech industry average (2x).

What is IONQ *'s PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate IONQ *'s Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of IONQ * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate IONQ *'s fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is lower than the current share price.

IONQ * Stock Overview

Engages in the development of general-purpose quantum computing systems in the United States. More details

IONQ * fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Revenue is forecast to grow 54.82% per year

Risk Analysis

Shares are highly illiquid

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year

Significant insider selling over the past 3 months

My Notes

Capture your thoughts, links and company narrative

IonQ, Inc. Competitors

Super Micro Computer

NasdaqGS:SMCI

US$17.8b

Inspur Electronic Information Industry

SZSE:000977

CN¥71.7b

Anker Innovations

SZSE:300866

CN¥49.6b

Shenzhen Transsion Holdings

SHSE:688036

CN¥106.1b

Price History & Performance

Summary of share price highs, lows and changes for IonQ
Historical stock prices
Current Share Price	US$850.00
52 Week High	US$990.00
52 Week Low	US$550.00
Beta	2.49
1 Month Change	25.00%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	29.57%

Recent updates

Shareholder Returns

	IONQ *	MX Tech	MX Market
7D	-10.5%	0%	0%
1Y	n/a	0%	0%

Return vs Industry: Insufficient data to determine how IONQ * performed against the MX Tech industry.

Return vs Market: Insufficient data to determine how IONQ * performed against the MX Market.

Price Volatility

Is IONQ *'s price volatile compared to industry and market?
IONQ * volatility
IONQ * Average Weekly Movement	n/a
Tech Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in MX Market	0%
10% least volatile stocks in MX Market	0%

Stable Share Price: IONQ *'s share price has been volatile over the past 3 months compared to the MX market.

Volatility Over Time: Insufficient data to determine IONQ *'s volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2015	324	Peter Chapman	ionq.com

IonQ, Inc. engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft’s Azure Quantum, and Google’s Cloud Marketplace, as well as through its cloud service.

IonQ, Inc. Fundamentals Summary

How do IonQ's earnings and revenue compare to its market cap?
IONQ * fundamental statistics
Market cap	Mex$186.18b
Earnings (TTM)	-Mex$3.53b
Revenue (TTM)	Mex$771.80m

248.9x

P/S Ratio

-54.4x

P/E Ratio

Is IONQ * overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IONQ * income statement (TTM)
Revenue	US$37.47m
Cost of Revenue	US$18.61m
Gross Profit	US$18.86m
Other Expenses	US$190.41m
Earnings	-US$171.55m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.79
Gross Margin	50.32%
Net Profit Margin	-457.85%
Debt/Equity Ratio	0%

How did IONQ * perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/02 05:11
End of Day Share Price	2025/01/02 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

IonQ, Inc. is covered by 8 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ishan Majumdar	Baptista Research
David Williams	Benchmark Company
Richard Shannon	Craig-Hallum Capital Group LLC

IonQ BMV:IONQ * Stock Report