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IONQ INC (IONQ) Stock Fundamental Analysis

USA - NYSE:IONQ - US46222L1089 - Common Stock

77.5 USD
+3.2 (+4.31%)
Last: 10/9/2025, 7:11:53 PM
78.48 USD
+0.98 (+1.26%)
After Hours: 10/9/2025, 7:11:53 PM
Fundamental Rating

4

Taking everything into account, IONQ scores 4 out of 10 in our fundamental rating. IONQ was compared to 33 industry peers in the Technology Hardware, Storage & Peripherals industry. While IONQ has a great health rating, there are worries on its profitability. IONQ is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year IONQ has reported negative net income.
IONQ had a negative operating cash flow in the past year.
In the past 5 years IONQ always reported negative net income.
IONQ had a negative operating cash flow in each of the past 5 years.
IONQ Yearly Net Income VS EBIT VS OCF VS FCFIONQ Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 -100M -200M -300M

1.2 Ratios

IONQ has a Return On Assets of -34.43%. This is in the lower half of the industry: IONQ underperforms 78.79% of its industry peers.
With a Return On Equity value of -39.91%, IONQ perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
Industry RankSector Rank
ROA -34.43%
ROE -39.91%
ROIC N/A
ROA(3y)-33.96%
ROA(5y)-24.76%
ROE(3y)-42.48%
ROE(5y)-30.35%
ROIC(3y)N/A
ROIC(5y)N/A
IONQ Yearly ROA, ROE, ROICIONQ Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 -20 -40 -60 -80

1.3 Margins

IONQ has a better Gross Margin (54.54%) than 93.94% of its industry peers.
IONQ's Gross Margin has been stable in the last couple of years.
IONQ does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 54.54%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.49%
GM growth 5YN/A
IONQ Yearly Profit, Operating, Gross MarginsIONQ Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 -1K -2K -3K -4K -5K

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8

2. Health

2.1 Basic Checks

IONQ does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for IONQ has been increased compared to 1 year ago.
IONQ has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
IONQ Yearly Shares OutstandingIONQ Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 50M 100M 150M 200M
IONQ Yearly Total Debt VS Total AssetsIONQ Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

IONQ has an Altman-Z score of 76.55. This indicates that IONQ is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 76.55, IONQ belongs to the top of the industry, outperforming 96.97% of the companies in the same industry.
There is no outstanding debt for IONQ. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 76.55
ROIC/WACCN/A
WACC8.77%
IONQ Yearly LT Debt VS Equity VS FCFIONQ Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 200M 400M

2.3 Liquidity

A Current Ratio of 7.76 indicates that IONQ has no problem at all paying its short term obligations.
IONQ's Current ratio of 7.76 is amongst the best of the industry. IONQ outperforms 93.94% of its industry peers.
A Quick Ratio of 7.76 indicates that IONQ has no problem at all paying its short term obligations.
IONQ's Quick ratio of 7.76 is amongst the best of the industry. IONQ outperforms 93.94% of its industry peers.
Industry RankSector Rank
Current Ratio 7.76
Quick Ratio 7.76
IONQ Yearly Current Assets VS Current LiabilitesIONQ Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

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6

3. Growth

3.1 Past

IONQ shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -154.43%.
The Revenue has grown by 67.80% in the past year. This is a very strong growth!
Measured over the past years, IONQ shows a very strong growth in Revenue. The Revenue has been growing by 173.73% on average per year.
EPS 1Y (TTM)-154.43%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-288.89%
Revenue 1Y (TTM)67.8%
Revenue growth 3Y173.73%
Revenue growth 5YN/A
Sales Q2Q%81.83%

3.2 Future

IONQ is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.39% yearly.
IONQ is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 79.90% yearly.
EPS Next Y-11.27%
EPS Next 2Y-10.45%
EPS Next 3Y-3.73%
EPS Next 5Y13.39%
Revenue Next Year122.04%
Revenue Next 2Y103.98%
Revenue Next 3Y97.05%
Revenue Next 5Y79.9%

3.3 Evolution

Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
IONQ Yearly Revenue VS EstimatesIONQ Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200M 400M 600M 800M 1B
IONQ Yearly EPS VS EstimatesIONQ Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -0.5 -1 -1.5

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0

4. Valuation

4.1 Price/Earnings Ratio

IONQ reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for IONQ. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
IONQ Price Earnings VS Forward Price EarningsIONQ Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 -40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
IONQ Per share dataIONQ EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1 2 -2 3

4.3 Compensation for Growth

IONQ's earnings are expected to decrease with -3.73% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-10.45%
EPS Next 3Y-3.73%

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0

5. Dividend

5.1 Amount

IONQ does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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IONQ INC

NYSE:IONQ (10/9/2025, 7:11:53 PM)

After market: 78.48 +0.98 (+1.26%)

77.5

+3.2 (+4.31%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)08-06 2025-08-06/amc
Earnings (Next)11-04 2025-11-04/amc
Inst Owners40.45%
Inst Owner Change0%
Ins Owners1.41%
Ins Owner Change0.31%
Market Cap25.04B
Analysts78.57
Price Target65.92 (-14.94%)
Short Float %15.49%
Short Ratio1.94
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-59.63%
Min EPS beat(2)-152.31%
Max EPS beat(2)33.05%
EPS beat(4)1
Avg EPS beat(4)-98.04%
Min EPS beat(4)-264.71%
Max EPS beat(4)33.05%
EPS beat(8)4
Avg EPS beat(8)-45.96%
EPS beat(12)5
Avg EPS beat(12)-36.64%
EPS beat(16)7
Avg EPS beat(16)-21.65%
Revenue beat(2)1
Avg Revenue beat(2)8.28%
Min Revenue beat(2)-1.21%
Max Revenue beat(2)17.77%
Revenue beat(4)3
Avg Revenue beat(4)11.82%
Min Revenue beat(4)-1.21%
Max Revenue beat(4)17.77%
Revenue beat(8)7
Avg Revenue beat(8)13.18%
Revenue beat(12)10
Avg Revenue beat(12)12.81%
Revenue beat(16)12
Avg Revenue beat(16)11.98%
PT rev (1m)30.37%
PT rev (3m)50.29%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-60.98%
EPS NY rev (1m)-40.39%
EPS NY rev (3m)-100.32%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.57%
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)8.38%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 478.07
P/FCF N/A
P/OCF N/A
P/B 21.55
P/tB 38.66
EV/EBITDA N/A
EPS(TTM)-2.01
EYN/A
EPS(NY)-1.88
Fwd EYN/A
FCF(TTM)-0.49
FCFYN/A
OCF(TTM)-0.45
OCFYN/A
SpS0.16
BVpS3.6
TBVpS2
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -34.43%
ROE -39.91%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 54.54%
FCFM N/A
ROA(3y)-33.96%
ROA(5y)-24.76%
ROE(3y)-42.48%
ROE(5y)-30.35%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.49%
GM growth 5YN/A
F-Score2
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 56.63%
Cap/Sales 29.81%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 7.76
Quick Ratio 7.76
Altman-Z 76.55
F-Score2
WACC8.77%
ROIC/WACCN/A
Cap/Depr(3y)179.69%
Cap/Depr(5y)N/A
Cap/Sales(3y)85.42%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-154.43%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-288.89%
EPS Next Y-11.27%
EPS Next 2Y-10.45%
EPS Next 3Y-3.73%
EPS Next 5Y13.39%
Revenue 1Y (TTM)67.8%
Revenue growth 3Y173.73%
Revenue growth 5YN/A
Sales Q2Q%81.83%
Revenue Next Year122.04%
Revenue Next 2Y103.98%
Revenue Next 3Y97.05%
Revenue Next 5Y79.9%
EBIT growth 1Y-84.88%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-3.68%
EBIT Next 3Y-4.74%
EBIT Next 5Y14.72%
FCF growth 1Y-139.12%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-150.11%
OCF growth 3YN/A
OCF growth 5YN/A