Quantum computing company developing trapped ion quantum computers for commercial and research applications.MoreShow less
Profile & Fundamentals
IONQ (IONQ.NYSE) Profile & Fundamentals
Review IONQ reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
Explore this pageJump to a Profile & Fundamentals section
Explore this research
Profile & Fundamentals contents
Jump directly to any section
Company and Market Context
IONQ: Company Profile & Ownership
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. In addition, it provides semiconductor manufacturing services. The company has a collaboration agreement with University of Chicago. The company was founded in 2015 and is headquartered in College Park, Maryland.
Company profile record
IONQ Inc
Common Stock · Information Technology · Technology Hardware, Storage & Peripherals
Company
- Company / asset
- IONQ Inc
- Security type
- Common Stock
- Sector
- Information Technology
- Industry
- Technology Hardware, Storage & Peripherals
- HQ
- 🇺🇸 United States
- Head office
- 4505 Campus Drive, College Park, MD, United States, 20740
Leadership & scale
- Chief executive
- Mr. Niccolo Mcleod de Masi
- CEO year born
- 1980
- Full-time employees
- 1.1K
- Fiscal year end
- December
- IPO date
- 2021-01-04
Fundamentals snapshot
- Market Cap
- USD 12.0B
- P/E
- --
- Revenue (Q2 26)
- USD 80.0M
- Profit (Q2 26)
- USD -1.9B
- Dividend Yield
- --
- Revenue (FY 25)
- USD 130.0M
- Shares in public float
- 378.4M
- Insider ownership
- 0.66%
Reporting & identifiers
- Symbol
- IONQ.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US46222L1089
- Asset ID
- equity_f74bd52b-080c-5f81-a102-ae37e1a87727
IONQ: Ownership
Shares Outstanding
Latest: 367.7M | Max: 369.0M | Min: 192.5M
Latest reported ownership snapshot
Float Shares
102.92%
378.4M latest reported shares
Insider Ownership
0.66%
Latest reported insider stake
Short Float
0.12%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2020-01-01 | 192,485,400 |
| 2021-01-01 | 195,631,000 |
| 2022-01-01 | 199,155,100 |
| 2023-01-01 | 205,305,200 |
| 2024-01-01 | 217,947,000 |
| 2025-01-01 | 368,982,900 |
| 2026-01-01 | 367,660,600 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| Morgan Stanley - Brokerage Accounts | 26,279,397 | 6.12% | 2026-06-30 |
| BlackRock Inc | 20,896,455 | 4.87% | 2026-06-30 |
| Vanguard Capital Management, LLC | 15,598,546 | 3.63% | 2026-06-30 |
| Vanguard Portfolio Management, LLC | 13,959,259 | 3.25% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 12,622,424 | 2.94% | 2026-09-30 |
| State Street Corp | 8,123,629 | 1.89% | 2026-06-30 |
| UBS Group AG | 7,896,730 | 1.84% | 2026-06-30 |
| Vanguard Small Cap Index | 7,762,019 | 1.81% | 2026-09-30 |
| Bank of America Corp | 6,473,088 | 1.51% | 2026-06-30 |
| Geode Capital Management, LLC | 6,459,949 | 1.5% | 2026-06-30 |
| NORGES BANK | 5,188,962 | 1.21% | 2026-06-30 |
| Vanguard MStar Small Cap Growth Indx Inv | 4,285,020 | 1% | 2026-09-30 |
| Marex Group Ltd | 3,707,611 | 0.86% | 2026-06-30 |
| Morgan Stanley Inst Growth I | 3,033,529 | 0.71% | 2026-06-30 |
| Vanguard Information Technology ETF | 3,019,123 | 0.7% | 2026-09-30 |
IONQ: Earnings, Profitability & Valuation
Latest Financials Filed On
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Headline revenue shows explosive growth, surging to 246 million dollars over the trailing twelve months. However, this impressive top-line figure is heavily inflated by acquisitions rather than purely organic customer adoption. Meanwhile, reported net income swings wildly between huge paper profits and multi-billion-dollar accounting losses due to non-cash warrant revaluations. Beneath this accounting noise lies deep operational cash burn, with free cash flow remaining negative at 484 million dollars. While sovereign defense grants provide steady project funding, commercial enterprise sales are not yet large enough to offset massive engineering payrolls and administrative overhead.
Headline revenue shows explosive growth, surging to 246 million dollars over the trailing twelve months. However, this impressive top-line figure is heavily inflated by acquisitions rather than purely organic customer adoption. Meanwhile, reported net income swings wildly between huge paper profits and multi-billion-dollar accounting losses due to non-cash warrant revaluations. Beneath this accounting noise lies deep operational cash burn, with free cash flow remaining negative at 484 million dollars. While sovereign defense grants provide steady project funding, commercial enterprise sales are not yet large enough to offset massive engineering payrolls and administrative overhead.
Revenue, Net Income, and Free Cash Flow
Latest: USD 130.0M | Max: USD 130.0M | Min: USD -510.4M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: --
No history available.
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profit margins reveal a clear structural decline as the company expands its revenue mix. While early cloud software and research access delivered gross margins above sixty percent in 2023, increasing deliveries of customized hardware pushed gross margins down toward forty percent by 2025. Consolidating commercial contract manufacturing will drag gross margins lower still, settling closer to thirty percent. Because ongoing research and administrative spending vastly exceeds incoming revenue, overall operating margins remain deeply negative. Achieving profitable unit economics will require massive customer adoption of high-margin cloud software to overcome the fixed costs of physical manufacturing.
Profit margins reveal a clear structural decline as the company expands its revenue mix. While early cloud software and research access delivered gross margins above sixty percent in 2023, increasing deliveries of customized hardware pushed gross margins down toward forty percent by 2025. Consolidating commercial contract manufacturing will drag gross margins lower still, settling closer to thirty percent. Because ongoing research and administrative spending vastly exceeds incoming revenue, overall operating margins remain deeply negative. Achieving profitable unit economics will require massive customer adoption of high-margin cloud software to overcome the fixed costs of physical manufacturing.
Profitability Margins
Latest: 40.4% | Max: 63.2% | Min: <-100.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
40.4%
Gross profit / revenue
Operating Margin
-487.4%
Operating income / revenue
Net Margin
-392.6%
Net income / revenue
FCF Margin
-230.4%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2019-12-31 | 200,000 | -8,935,000 | -10,139,000 |
| 2020-12-31 | 143,000 | -15,424,000 | -23,683,000 |
| 2021-12-31 | 2,099,000 | -106,186,000 | -36,561,000 |
| 2022-12-31 | 11,131,000 | -48,511,000 | -57,262,000 |
| 2023-12-31 | 22,042,000 | -157,771,000 | -98,360,000 |
| 2024-12-31 | 43,073,000 | -331,647,000 | -129,252,000 |
| 2025-12-31 | 130,016,000 | -510,378,000 | -299,604,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
No reported records are available in this preview.
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2019-12-31 | 56 | -4,627.5 | -4,467.5 | -5,069.5 |
| 2020-12-31 | -979.02 | -11,002.1 | -10,786.01 | -16,561.54 |
| 2021-12-31 | -70.94 | -1,843.12 | -5,058.89 | -1,741.83 |
| 2022-12-31 | 23.21 | -770.34 | -435.82 | -514.44 |
| 2023-12-31 | 63.22 | -715.7 | -715.77 | -446.24 |
| 2024-12-31 | 52.18 | -539.68 | -769.96 | -300.08 |
| 2025-12-31 | 40.4 | -487.41 | -392.55 | -230.44 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-05.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
Complete Research Workspace
Unlock the complete Profile & Fundamentals
Sign in to verify your access, or upgrade to the Base plan to open the complete profile & fundamentals and available source data.