IonQ, Inc.

NYSE:IONQ Stock Report

Market Cap: US$23.8b

IonQ Management

Management criteria checks 1/4

IonQ's CEO is Niccolo de Masi, appointed in Feb 2025, has a tenure of 1.25 years. total yearly compensation is $89.63M, comprised of 0.6% salary and 99.4% bonuses, including company stock and options. directly owns 0.033% of the company’s shares, worth $7.86M. The average tenure of the management team and the board of directors is 0.8 years and 1.8 years respectively.

Key information

Niccolo de Masi

Chief executive officer

US$89.6m

Total compensation

CEO salary percentage0.56%
CEO tenure1.3yrs
CEO ownership0.03%
Management average tenureless than a year
Board average tenure1.8yrs

Recent management updates

Recent updates

Seeking Alpha May 19

IonQ: Solidifying Its Leadership Position, Staying Bullish

Summary IonQ, Inc. stands as the leading pure-play quantum computing company, with recent technological and financial milestones reinforcing its early leadership. IONQ's Q1 revenue surged 754% YoY to $64.7M, with remaining performance obligations up 554% YoY to $470M and a robust $3.1B cash position. Technological progress, especially in networking capabilities and the presale of a 256-qubit system, remains the primary investment driver over near-term financial metrics. I remain bullish on IONQ's multi-year outlook, expecting further revenue scaling and potential acquisition interest from major tech players. Read the full article on Seeking Alpha
New Narrative May 13

The Best-Funded Quantum Platform and Still a Stock Priced for Perfection

Rating: Speculative Buy / Premium-priced quantum leader Style: Deep-tech platform with commercial momentum, but still pre-profit Core debate: Is IonQ the strongest public quantum platform because it combines the best balance sheet, the broadest product ambition, and the fastest current revenue scale, or is the stock already discounting too much future success in a still-unproven industry? Executive view The company just reported Q1 2026 revenue of $64.7 million , raised full-year revenue guidance to $260–270 million , and ended the quarter with Remaining Performance Obligations (RPO) of $470 million.
New Narrative Apr 14

IonQ, Inc. (IONQ): The "Quantum Merchant" and the 2026 Commercial Inflection Point

IonQ, Inc. (IONQ) ignited the NASDAQ on April 14, 2026 , closing the session at $35.76 USD , a massive 20.16% surge on the day.
New Narrative Mar 12

IonQ: Exceptional Technology but Valuation Far Ahead of Financial Reality

Artificial intelligence has dominated technology markets in recent years and driven enormous investment into computing infrastructure. If AI represents the current frontier of computing, quantum computing could represent the next major paradigm shift.
Narrative Update Nov 10

Is IonQ (IONQ) on Course to Become the "Nvidia of Quantum"?

The market is upside down. IONQ is the clear winner of this race.
Seeking Alpha Apr 26

IonQ: Thank The Selloff For This Speculative Buy Opportunity (Rating Upgrade)

Summary Our caution surrounding the dangers of chasing overpriced stocks in an overly exuberant stock market has paid off well, as IonQ pulls back by -51% since 52 week heights. Thanks to the cheaper valuations, growing top-lines, expanding multi-year RPOs, and ongoing contract wins, the quantum stock looks a lot more compelling here. Combined with its strategic partnership with NVDA on CUDA-Q, IONQ may be quickly emerging as a potential long-term winner in the quantum computing arena. Despite our upgraded speculative Buy rating, we shall discuss numerous caveats/ risks tied to IONQ's investment thesis in detail. Read the full article on Seeking Alpha
Seeking Alpha Apr 03

IonQ Is Trading At Dangerous, Speculation Level Valuations

Summary IonQ's revenue guidance is significantly below expectations, and management's cessation of bookings disclosures reduces top-line visibility, raising concerns for GARP-oriented investors. Despite worsening FCF burn due to increased SG&A expenses, IonQ has a solid liquidity runway of over 5 years, bolstered by recent funding. The acquisition of ID Quantique to enhance IonQ's quantum networking IP portfolio makes sense. And I think it is occurring at a reasonable valuation. IonQ trades at a 42% discount to peers, but I think a 1-yr fwd EV/Revenue multiple of 57x is still high. The technicals suggest further downside as well vs S&P500. IONQ stock may be a crowded bearish trade. So a short squeeze risk is something I am watching out for by tracking the short interest. Read the full article on Seeking Alpha
Seeking Alpha Mar 26

IonQ: Building A Unique Quantum Edge

Summary IonQ's unique trapped-ion technology and strategic partnerships drive strong growth, making shares a strong buy despite recent selloff. New CEO de Masi's focus on commercialization and scaling, along with key acquisitions, enhances IonQ's market position. IonQ's robust patent portfolio and government contracts provide a significant competitive edge in the growing quantum computing market. High-risk, high-reward opportunity with potential for transformative long-term gains; strong buy recommendation remains despite short-term volatility. Read the full article on Seeking Alpha
Seeking Alpha Mar 10

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

Summary I believe IonQ’s high beta (4.1) makes it extremely vulnerable to broader market declines, with recent historical drops exceeding 7x the S&P 500’s decline. Considering the uncertain macro environment in the U.S., I find IonQ’s triple digit TTM P/S ratio unsustainable, especially as fundamentals and valuation start to matter again. IonQ’s annual cash burn is over $100 million, with a cash runway of just over three years unless it heavily dilutes shareholders via its $500 million ATM program. I acknowledge IonQ’s 2024 revenue nearly doubled YoY, and government contracts continue to support bookings, with 2025 revenue guidance reaching up to $95 million. While new government funding and enterprise expansion are positives, I anticipate broader market headwinds will outweigh these factors, leading me to a strong sell rating. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has Niccolo de Masi's remuneration changed compared to IonQ's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

US$309m

Dec 31 2025US$90mUS$502k

-US$510m

Sep 30 2025n/an/a

-US$1b

Jun 30 2025n/an/a

-US$464m

Mar 31 2025n/an/a

-US$324m

Dec 31 2024US$233kn/a

-US$332m

Sep 30 2024n/an/a

-US$172m

Jun 30 2024n/an/a

-US$164m

Mar 31 2024n/an/a

-US$170m

Dec 31 2023US$315kn/a

-US$158m

Sep 30 2023n/an/a

-US$135m

Jun 30 2023n/an/a

-US$114m

Mar 31 2023n/an/a

-US$72m

Dec 31 2022US$378kn/a

-US$49m

Sep 30 2022n/an/a

-US$104m

Jun 30 2022n/an/a

-US$95m

Mar 31 2022n/an/a

-US$103m

Dec 31 2021US$11kn/a

-US$106m

Compensation vs Market: Niccolo's total compensation ($USD89.63M) is above average for companies of similar size in the US market ($USD14.79M).

Compensation vs Earnings: Niccolo's compensation has been consistent with company performance over the past year.


CEO

Niccolo de Masi (45 yo)

1.3yrs
Tenure
US$89,627,380
Compensation

Mr. Niccolo Mcleod de Masi is CEO & Director of dMY Technology Group, Inc. VI from April 16, 2021. Mr. de Masi is CEO of IonQ, Inc. from February 26, 2025 and serves as its Director since September 2021 an...


Leadership Team

NamePositionTenureCompensationOwnership
Niccolo de Masi
President1.3yrsUS$89.63m0.033%
$ 7.9m
Inder Singh
CFO & COOless than a yearUS$59.00m0.0062%
$ 1.5m
Paul Dacier
Chief Administrative Officerless than a yearUS$30.15m0.0046%
$ 1.1m
Robert Cardillo
Executive Directorno dataUS$12.10m0.0056%
$ 1.3m
Dean Acosta
Chief Corporate Affairs & Government Relations Officerless than a yearUS$21.62m0.00033%
$ 78.4k
Scott Millard
Chief Business Officerless than a yearUS$11.39m0.0064%
$ 1.5m
Jungsang Kim
Founderno dataUS$275.00k0%
$ 0
Christopher Monroe
Co-Founder & Chief Scientific Advisorno dataUS$6.05mno data
Katie Arrington
Chief Information Officerless than a yearno datano data
Kate Kemp
Chief People Officerno datano datano data
Noam Zakay
Managing Director of IonQ GmBH3.8yrsno datano data
Jordan Shapiro
President & General Manager of Quantum Platform1.3yrsno datano data
0.8yrs
Average Tenure
57.5yo
Average Age

Experienced Management: IONQ's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Niccolo de Masi
President4.7yrsUS$89.63m0.033%
$ 7.9m
Robert Cardillo
Executive Director2.3yrsUS$12.10m0.0056%
$ 1.3m
William Teuber
Independent Directorless than a yearUS$242.24k0.0013%
$ 318.3k
James Frankola
Independent Directorless than a yearUS$236.77kno data
William Scannell
Independent Director2.3yrsUS$285.65k0.035%
$ 8.2m
Gabrielle Toledano
Independent Director1.3yrsUS$543.78k0.00038%
$ 90.3k
Kathryn Chou
Lead Independent Director3.8yrsUS$352.45k0.015%
$ 3.5m
John Raymond
Independent Directorless than a yearUS$4.29m0.0021%
$ 487.0k
1.8yrs
Average Tenure
61.5yo
Average Age

Experienced Board: IONQ's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/24 09:41
End of Day Share Price 2026/05/22 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 18 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David WilliamsBenchmark Company
Craig EllisB. Riley Securities, Inc.
Troy JensenCantor Fitzgerald & Co.