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Profile & Fundamentals

IONQ Profile & Fundamentals

Name: IONQ financial chart data preview
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Company and Market Context

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

Official website

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

Updated 2026-09-16

Market Cap: USD 14.4B
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: 378.2M
Insider ownership: 0.72%

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

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

BlackRock Inc29,870,942 shares · 7.37% · Reported 2026-03-31
Morgan Stanley - Brokerage Accounts21,159,892 shares · 5.22% · Reported 2026-03-31
Vanguard Portfolio Management, LLC15,389,580 shares · 3.80% · Reported 2026-03-31
Vanguard Capital Management, LLC15,064,048 shares · 3.72% · Reported 2026-03-31
Vanguard MStar Total Stk Mkt Idx Invest11,505,569 shares · 2.84% · Reported 2026-07-31
Defiance ETFs, LLC9,702,302 shares · 2.39% · Reported 2026-03-31
State Street Corp9,270,862 shares · 2.29% · Reported 2026-03-31

View more holders (8)

Geode Capital Management, LLC8,440,065 shares · 2.08% · Reported 2026-03-31
Vanguard Small Cap Index7,668,816 shares · 1.89% · Reported 2026-07-31
UBS Group AG5,805,726 shares · 1.43% · Reported 2026-03-31
NORGES BANK5,188,962 shares · 1.28% · Reported 2026-06-30
Vanguard MStar Small Cap Growth Indx Inv4,445,981 shares · 1.10% · Reported 2026-07-31
Vanguard Institutional Extnd Mkt Idx Tr4,299,498 shares · 1.06% · Reported 2026-07-31
Marex Group Ltd4,005,912 shares · 0.99% · Reported 2026-03-31
The Goldman Sachs Group Inc3,553,733 shares · 0.88% · Reported 2026-03-31

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

There is a clear consensus that the company's recent headline profitability is a misleading accounting illusion. The reported net income gains are driven by non-cash adjustments on warrant liabilities rather than actual business success. Underneath this optical mirage, the core operating business is experiencing heavy losses and a significant cash burn. However, opinions differ on the future outlook. Some views highlight the explosive triple-digit revenue growth as a sign of strong commercial traction, especially through government and defense contracts. Others warn that this growth is largely purchased through acquisitions and is unsustainable. Ultimately, while the company's massive cash reserves provide a safety net, the underlying business remains deeply unprofitable, and true owner earnings are still many years away.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

The published data is insufficient to draw this chart.

Profitability & Margins

AI Review

While the company's gross margins show positive momentum, its operating margins remain deeply negative due to the massive costs of quantum research and development. There is high consensus that the current valuation is extremely expensive and assumes flawless execution. However, opinions clash on the future margin trajectory. Some expect to eventually expand toward highly profitable levels as cloud-access revenues scale. Others warn that the transition into physical chip manufacturing will mechanically drag down profit margins to the lower levels typical of traditional hardware foundries. This structural shift from a software-like model to a hardware-heavy reality means that true operating profitability is years away, leaving the stock highly vulnerable to sharp price drops if commercial milestones are delayed.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-17.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2019-12-31	200,000	-10,139,000	-8,935,000	56	-4,627.5	-4,467.5	-5,069.5
2020-12-31	143,000	-23,683,000	-15,424,000	-979.02	-11,002.1	-10,786.01	-16,561.54
2021-12-31	2,099,000	-36,561,000	-106,186,000	-70.94	-1,843.12	-5,058.89	-1,741.83
2022-12-31	11,131,000	-57,262,000	-48,511,000	23.21	-770.34	-435.82	-514.44
2023-12-31	22,042,000	-98,360,000	-157,771,000	63.22	-715.7	-715.77	-446.24
2024-12-31	43,073,000	-129,252,000	-331,647,000	52.18	-539.68	-769.96	-300.08
2025-12-31	130,016,000	-299,604,000	-510,378,000	40.4	-487.41	-392.55	-230.44

Shares outstanding — chart values
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

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