IONQ Stock Overview

Develops quantum computers and networks in the United States. More details

IONQ fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Revenue is forecast to grow 38.33% per year

Risk Analysis

Highly volatile share price over the past 3 months compared to the US market

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

IonQ, Inc. Competitors

Super Micro Computer

NasdaqGS:SMCI

US$19.7b

Sandisk

NasdaqGS:SNDK

US$3.7b

Pure Storage

NYSE:PSTG

US$13.4b

NetApp

NasdaqGS:NTAP

US$16.8b

Price History & Performance

Summary of share price highs, lows and changes for IonQ
Historical stock prices
Current Share Price	US$26.09
52 Week High	US$54.74
52 Week Low	US$6.22
Beta	2.5
1 Month Change	4.36%
3 Month Change	-6.35%
1 Year Change	224.91%
3 Year Change	144.75%
5 Year Change	n/a
Change since IPO	141.57%

IonQ Is Trading At Dangerous, Speculation Level Valuations

Apr 03

IonQ: Building A Unique Quantum Edge

Mar 26

Recent updates

IonQ, Inc.'s (NYSE:IONQ) Intrinsic Value Is Potentially 17% Below Its Share Price

Jan 28

Quantum Boom: Inside IonQ's Rapid Rise

Jan 20

IonQ: The Growth Is There, Somewhere In The Clouds

Jan 09

IonQ: Sell The Hype - You Might Thank Me Later

Jan 01

IonQ: This Quantum Computing Stock Has Stronger Fundamentals But Is Priced Dearly

Dec 26

IonQ Stock: Still My Preferred Quantum Computing Bet

Dec 12

IonQ's Quantum Rise In A Market Full Of Skeptics

Nov 10

IonQ: Upside Requires A Quantum Leap Of Faith

Oct 29

IonQ Improves Its Tech, Pushes Closer To Commercialization

Sep 30

Companies Like IonQ (NYSE:IONQ) Are In A Position To Invest In Growth

Sep 13

IonQ Stock: Too Risky A Bet At This Stage

Sep 11

IonQ: An Unproven Leader In An Uncertain Area Of Computing

Aug 16

IonQ: Requires A Quantum Leap To Be A Success (Rating Downgrade)

Jun 26

IonQ: Pushing For Commercialization, Valuation Still Frothy

May 23

IonQ: Significant Potential, Much Uncertainty

Apr 14

IonQ: Don't Buy The Wrong Qubit Technology

Apr 08

IonQ: Departure Of Co-Founders Is A Very Negative Development (Rating Downgrade)

Mar 26

IonQ: Upgrading To Buy Based On New Information

Feb 22

IonQ Has The Potential To Become A Long-Term Compounder

Dec 29

IonQ: Massive Upside, But A Long Road Ahead

Nov 27

Should You Hold Or Sell IonQ Stock? Here's What You Need To Know

Nov 21

IonQ Stock: The Selloff Does Not Make It Cheap

Oct 31

Shareholder Returns

	IONQ	US Tech	US Market
7D	26.2%	5.4%	5.4%
1Y	224.9%	9.6%	3.6%

Return vs Industry: IONQ exceeded the US Tech industry which returned 9.6% over the past year.

Return vs Market: IONQ exceeded the US Market which returned 3.6% over the past year.

Price Volatility

Is IONQ's price volatile compared to industry and market?
IONQ volatility
IONQ Average Weekly Movement	19.3%
Tech Industry Average Movement	9.9%
Market Average Movement	7.7%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	4.0%

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

Volatility Over Time: IONQ's weekly volatility (19%) has been stable over the past year, but is still higher than 75% of US stocks.

Community vs My Fair Value

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About the Company

Founded	Employees	CEO	Website
2015	407	Niccolo de Masi	ionq.com

IonQ, Inc. develops quantum computers and networks in the United States. 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) 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	US$6.23b
Earnings (TTM)	-US$331.65m
Revenue (TTM)	US$43.07m

144.7x

P/S Ratio

-18.8x

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$43.07m
Cost of Revenue	US$20.34m
Gross Profit	US$22.73m
Other Expenses	US$354.38m
Earnings	-US$331.65m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-1.39
Gross Margin	52.77%
Net Profit Margin	-769.96%
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	2025/04/13 09:56
End of Day Share Price	2025/04/11 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

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.

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 Github.

Analyst Sources

IonQ, Inc. is covered by 8 analysts. 5 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 Stock Overview

Rewards

Risk Analysis

IonQ, Inc. Competitors

NasdaqGS:SMCI

US$19.7b

NasdaqGS:SNDK

US$3.7b

NYSE:PSTG

US$13.4b

NasdaqGS:NTAP

US$16.8b

Price History & Performance

Recent News & Updates

IonQ Is Trading At Dangerous, Speculation Level Valuations

IonQ Announces Global Availability of Forte Enterprise Through Amazon Braket and Ionq Quantum Cloud

IonQ: Building A Unique Quantum Edge

Independent Director recently bought US$2.0m worth of stock

Executive Chairman notifies of intention to sell stock

IonQ, Inc. has completed a Follow-on Equity Offering in the amount of $372.6 million.

Recent updates

IonQ Is Trading At Dangerous, Speculation Level Valuations

IonQ Announces Global Availability of Forte Enterprise Through Amazon Braket and Ionq Quantum Cloud

IonQ: Building A Unique Quantum Edge

Independent Director recently bought US$2.0m worth of stock

Executive Chairman notifies of intention to sell stock

IonQ, Inc. has completed a Follow-on Equity Offering in the amount of $372.6 million.

Quantum Crash: IonQ's Stock Is Entangled In A Market Sell-Off

Consensus EPS estimates fall by 20%, revenue upgraded

High number of new directors

IonQ, Inc. has filed a Follow-on Equity Offering in the amount of $500 million.

IonQ Reportedly in Talks to Buy ID Quantique for About $250 Million

IonQ Q4 Preview: Microsoft Quantum Game Changer

IonQ Announces Innovations in Compact, Room- Temperature Quantum Computing Through Novel Extreme High Vacuum (XHV) Technology

IonQ, Inc. to Report Q4, 2024 Results on Feb 26, 2025

Here's The Price We'd Buy IonQ At (Technical Analysis)

IonQ, Inc.'s (NYSE:IONQ) Intrinsic Value Is Potentially 17% Below Its Share Price

Price target increased by 23% to US$44.33

Quantum Boom: Inside IonQ's Rapid Rise

IonQ: The Growth Is There, Somewhere In The Clouds

IonQ, Inc. (NYSE:IONQ) completed the acquisition of Substantially all of the operating assets of Qubitekk, Inc. for $22 million.

IonQ: Sell The Hype - You Might Thank Me Later

IonQ: This Quantum Computing Stock Has Stronger Fundamentals But Is Priced Dearly

Chief Revenue Officer recently sold US$634k worth of stock

IonQ Stock: Still My Preferred Quantum Computing Bet

Chief Revenue Officer notifies of intention to sell stock

IonQ, Inc. Unveils Its First Quantum Computer in Europe

IonQ, Inc. Unveils New Enterprise-Grade Quantum Os and Hybrid Services Suite

IonQ, Inc. to Advance Hybrid Quantum Computing with New Chemistry Application and NVIDIA CUDA-Q

IonQ's Quantum Rise In A Market Full Of Skeptics

New major risk - Share price stability

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

IonQ, Inc. Raises Revenue Guidance for the Full Year 2024 and Provides Revenue Guidance for Fourth Quarter of 2024

Chief Revenue Officer notifies of intention to sell stock

IonQ: Upside Requires A Quantum Leap Of Faith

IonQ, Inc. to Report Q3, 2024 Results on Nov 06, 2024

IonQ Improves Its Tech, Pushes Closer To Commercialization

Companies Like IonQ (NYSE:IONQ) Are In A Position To Invest In Growth

IonQ Stock: Too Risky A Bet At This Stage

IonQ: An Unproven Leader In An Uncertain Area Of Computing

New major risk - Revenue and earnings growth

Price target decreased by 12% to US$12.98

New major risk - Revenue and earnings growth

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Ionq Invents A Novel, Low-Overhead Approach for Partial Quantum Error Correction

IonQ, Inc. to Report Q2, 2024 Results on Aug 07, 2024

IonQ, Inc.(NYSE:IONQ) dropped from Russell 3000E Value Index

IonQ: Requires A Quantum Leap To Be A Success (Rating Downgrade)

IonQ Promotes Dr. Dean Kassmann to Senior Vice President of Engineering and Technology

Chief Revenue Officer notifies of intention to sell stock

New minor risk - Insider selling

IonQ: Pushing For Commercialization, Valuation Still Frothy

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

IonQ, Inc. Provides Earnings Guidance for the Second Quarter and Full Year 2024

IonQ, Inc., Annual General Meeting, Jun 05, 2024

Ionq, Inc. Appoints Peter Chapman as Chairman of the Board of Directors and Harry You as the Lead Independent Director

IonQ, Inc. to Report Q1, 2024 Results on May 08, 2024

IonQ: Significant Potential, Much Uncertainty

IonQ: Don't Buy The Wrong Qubit Technology

IonQ Appoints Stacey Giamalis as New Chief Legal Officer and Corporate Secretary