IonQ, Inc. (IONQ) Stock Analysis
Technology · Computer Hardware · NYSE
IonQ, Inc. (IONQ) posted $130.02M in revenue for fiscal 2025 (up 201.9% year over year), with a net loss of $510.38M, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on IonQ, Inc.
IonQ, Inc. has grown revenue from $0 to $130.02M over the last 6 fiscal years. The most recent year was up 201.9%.
Net margin sits at -392.6%, up 377.4 points year over year on a 40.4% gross margin.
The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from IonQ, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
IonQ, Inc. revenue & earnings — last 6 fiscal years
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $2.10M | $11.13M | $22.04M | $43.07M | $130.02M |
| Gross profit | — | — | $8.19M | $13.93M | $22.48M | $52.53M |
| Net income | $-15.42M | $-106.19M | $-48.51M | $-157.77M | $-331.65M | $-510.38M |
| Net margin | — | -5058.9% | -435.8% | -715.8% | -770.0% | -392.6% |
Source: IonQ, Inc. SEC filings (10-K).
IonQ, Inc.: 4 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 585.2% while revenue rose 201.9% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
- Inventory building faster than salesInventory rose 227.3% versus revenue 201.9% — possible overproduction or softening demand.
- Share count rising (dilution)Shares outstanding grew 85.3% over 4 years (195.6M → 362.6M) — existing holders' stakes are being diluted.
- Currently unprofitableThe latest fiscal year was a net loss (net margin -392.6%).
Explore 6 years of IonQ, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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IonQ, Inc. financial history by metric
About IonQ, Inc.
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. The company has a collaboration agreement with University of Chicago. The company was founded in 2015 and is headquartered in College Park, Maryland.
IonQ, Inc. — frequently asked questions
What is IonQ, Inc.'s revenue?
IonQ, Inc. (IONQ) reported revenue of $130.02M for fiscal year 2025, up 201.9% from the prior year, according to its SEC filings.
Is IonQ, Inc. profitable?
No — IONQ reported a net loss of $-510.38M in fiscal 2025.
What is IONQ's P/E ratio?
IonQ, Inc. trades at a price-to-earnings ratio of about 147.1 based on the latest data in our nightly-refreshed cache.
How much debt does IonQ, Inc. have?
As of fiscal year 2025, IONQ carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is IonQ, Inc.'s gross margin?
IONQ's gross margin was 40.4% in fiscal 2025 — gross profit of $52.53M on revenue of $130.02M.
What is IonQ, Inc.'s market cap?
IonQ, Inc. (IONQ) has a market capitalization of about $21.41B, based on the latest data in our nightly-refreshed cache.
When does IonQ, Inc.'s fiscal year end?
IONQ's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from IonQ, Inc.'s official SEC filings (10-K and 10-Q), covering 6 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.