IONQ · IonQ, Inc.
What's happening
- IONQ is up 3.25% today, trading at $32.28. — Live quote
- Volume today (612,742) is well below its 3-month average of 22,181,640. (Finnhub fundamentals)
- Reports earnings on 2026-11-11, 20 days away. (Finnhub earnings calendar)
- Last quarter's EPS missed estimates: $-0.33 actual vs. $-0.29 estimated (-13.3%). (Finnhub earnings history)
Deterministic template sentences filled in from the same sourced figures shown elsewhere on this page -- not an AI-written summary, no live model call.
Key Statistics
Analyst Recommendations
Aggregate ratings for 2026-10-01 (21 analysts polled by Finnhub) — consensus count.
Performance Overview (Trailing returns vs S&P 500 benchmark)
Earnings Trends (Quarterly EPS Actual vs Estimate)
Valuation Measures & Ratios
Quarterly history (5 periods)
| Measure | Jun '26 | Mar '26 | Sep '25 | Jun '25 | Mar '25 |
|---|---|---|---|---|---|
| Market cap | $19.60B | $11.22B | $18.11B | $10.86B | $5.09B |
| P/E | -8.54 | -24.45 | -13.76 | -36.31 | -31.42 |
| Price/Sales | 95.46 | 84.47 | 224.91 | 208.74 | 130.66 |
| Price/Book | 5.89 | 2.25 | 7.97 | 9.35 | 6.65 |
| EV/Revenue | 89.44 | 80.75 | 220.61 | 206.05 | 126.56 |
| ROE | -68.95% | -9.22% | -57.91% | -25.75% | -21.16% |
| ROA | -33.84% | -6.85% | -30.48% | -22.21% | -19.05% |
Trailing-twelve-month ratios computed from SEC EDGAR quarterly figures and historical daily close prices (Alpaca). Diluted shares are derived from Net income ÷ EPS (diluted) for each quarter, not separately reported. Forward P/E/PEG unavailable (no free data source).
Glossary — what these abbreviations mean
- 1. TTM
- Trailing twelve months — the sum of the last four reported quarters, not a calendar year or the single latest quarter.
- 2. EPS
- Earnings per share — net income divided by diluted shares outstanding.
- 3. Beta
- A stock's historical volatility relative to the overall market. Above 1 means it has moved more than the market; below 1, less.
- 4. EV (Enterprise Value)
- Market cap plus total debt minus cash — roughly what it would cost to buy the whole company, debt included.
- 5. Forward P/E
- Price divided by analysts' estimated earnings for the next 12 months, instead of trailing actual earnings.
- 6. PEG Ratio
- P/E divided by expected earnings growth rate. A lower number can indicate a stock is cheap relative to how fast it's expected to grow.
- 7. Price / Book
- Share price divided by book value (assets minus liabilities) per share.
- 8. ROE
- Return on equity — net income divided by shareholders' equity, a measure of how efficiently a company turns equity into profit.
- 9. ROA
- Return on assets — net income divided by total assets, a measure of how efficiently a company turns assets into profit.
- 10. MRQ
- Most recent quarter — the single latest reported period, as opposed to TTM. The Financials section's "Quarterly" view below shows MRQ-style figures.
- 11. YoY
- Year over year — percent change versus the same period one year earlier, used for growth figures like those on Compare cards and the Screener.
Short Interest
Source: FINRA Rule 4560 consolidated short interest, settlement date 2026-09-30. Reported bi-monthly with a reporting lag — not real-time.
Quotes and the 1-day extended-hours chart: Yahoo Finance. Longer historical charts: Alpaca (IEX feed) — real-time but IEX-only volume (~2.5% of consolidated market volume). Fundamentals + earnings: Finnhub.
Price history
Drag horizontally to zoom into a section; use Reset view to restore all observations.
Technical signal summary
Calculating from the latest year of daily price history…
Show Technical Analysis Breakdown ▾ 10 Indicators
Not investment advice — read several signals together.
Indicators None active
History limited by data provider; markers are heuristics, not signals.
Peer and sector context
Balanced evidence
A deterministic summary of sourced facts—not an AI verdict.
Potential strengths
- Revenue growth is 286.8% on the provider's reported measure. Finnhub fundamentals ↗
- Latest SEC filing is Form 8-K, filed 2026-10-16; review it for current changes and risks. SEC EDGAR ↗
Potential concerns
- Net profit margin is -553.3%. Finnhub fundamentals ↗
- Trailing 52-week price return is -45.7%. Finnhub market metrics ↗
Rule-based facts only; absence from either side is not evidence, and this is not a recommendation.
More on IONQ
No accessible free API for these — links go to the source directly.
Financials
Fundamental trends
Visualized from the same SEC figures in the tables below.
Income statement
| Line item | Jun '26 | Mar '26 | Sep '25 | Jun '25 | Mar '25 | Sep '24 | Jun '24 | Mar '24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $80.0M | $64.7M | $39.9M | $20.7M | $7.6M | $12.4M | $11.4M | $7.6M |
| Operating income | -$337.2M | -$271.5M | -$168.8M | -$160.6M | -$75.7M | -$53.1M | -$48.9M | -$52.9M |
| Net income | -$1.87B | $805.4M | -$1.05B | -$176.8M | -$32.3M | -$52.5M | -$37.6M | -$39.6M |
| EPS (diluted) | $-5.08 | $2.07 | $-3.58 | $-0.70 | $-0.14 | $-0.24 | $-0.18 | $-0.19 |
| EPS (basic) | $-5.08 | $2.19 | $-3.58 | $-0.70 | $-0.14 | $-0.24 | $-0.18 | $-0.19 |
| Operating margin | -$421 | -$420 | -$423 | -$776 | -$1.0K | -$429 | -$430 | -$697 |
| Net margin | -$2.3K | $1.2K | -$2.6K | -$855 | -$426 | -$423 | -$330 | -$522 |
Balance sheet
| Line item | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $6.78B | $6.69B | $6.57B | $4.32B | $1.35B | $850.1M | $508.4M | $497.9M |
| Total liabilities | $3.44B | $1.70B | $2.76B | $2.03B | $168.2M | $85.0M | $124.5M | $62.2M |
| Stockholders' equity | $3.33B | $4.98B | $3.80B | $2.27B | $1.16B | $765.0M | $383.9M | $435.7M |
| Total current assets | $2.41B | $2.30B | $2.59B | $1.22B | $625.9M | $637.0M | $378.8M | $395.4M |
| Total current liabilities | $226.1M | $163.9M | $166.8M | $139.3M | $80.6M | $48.4M | $36.1M | $32.3M |
| Cash & equivalents | $1.24B | $493.5M | $1.03B | $346.0M | $140.1M | $159.7M | $54.4M | $30.2M |
| Marketable securities (current) | $883.2M | $1.54B | $1.36B | $736.3M | $406.8M | $428.6M | $285.9M | $335.5M |
| Accounts receivable | $105.9M | $98.2M | $66.5M | $36.9M | $19.1M | $9.5M | $10.2M | $4.1M |
| Inventory | $24.9M | $17.1M | $10.3M | $8.7M | $8.7M | — | $0 | — |
| Other current assets | $31.0M | $31.9M | $25.1M | $20.3M | $15.9M | $6.7M | $2.6M | $2.3M |
| Marketable securities (non-current) | $840.4M | $1.06B | $944.6M | $402.6M | $109.9M | $108.9M | $23.5M | $17.1M |
| Property, plant & equipment | $144.2M | $132.3M | $120.1M | $119.6M | $58.6M | $51.6M | $52.8M | $49.5M |
| Goodwill | $2.19B | $2.13B | $1.96B | $1.87B | $370.7M | $10.7M | $9.9M | $727.0K |
| Intangible assets | $778.9M | $781.1M | $767.4M | $655.9M | $143.2M | $28.2M | $29.5M | $17.5M |
| Other non-current assets | $372.7M | $267.8M | $165.4M | $39.2M | $27.0M | $4.5M | $4.4M | $7.7M |
| Accounts payable | $44.6M | $38.3M | $26.1M | $17.0M | $8.9M | $8.8M | $5.2M | $4.9M |
| Accrued liabilities | $97.0M | $65.4M | $89.7M | $91.9M | $49.2M | $23.6M | $16.8M | $15.7M |
| Deferred revenue (current) | $72.8M | $51.0M | $42.1M | $21.9M | $16.7M | $12.1M | $10.7M | $8.3M |
| Other non-current liabilities | $103.5M | $98.6M | $95.2M | $100.7M | $13.0M | $1.7M | $3.4M | $2.9M |
| Common stock & paid-in capital | $38.0K | $37.0K | $36.0K | $32.0K | $27.0K | $24.0K | $22.0K | $22.0K |
| Retained earnings | -$2.26B | -$388.7M | -$1.19B | -$1.95B | -$892.8M | -$716.0M | -$683.7M | -$481.7M |
| Accumulated other comprehensive income (loss) | -$54.3M | -$55.1M | -$12.7M | -$16.8M | $4.1M | -$11.0K | $157.0K | $335.0K |
Cash flow
| Line item | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$103.8M | -$151.0M | -$74.5M | -$123.1M | -$52.6M | -$33.0M | -$39.4M | -$19.2M |
| Investing cash flow | $834.0M | -$391.9M | -$1.22B | -$672.7M | $29.2M | -$230.2M | $24.4M | $6.5M |
| Financing cash flow | $12.0M | $6.9M | $1.98B | $1.00B | $4.1M | $368.7M | $39.3M | $1.1M |
| Free cash flow | -$114.0M | -$159.4M | -$83.3M | -$127.2M | -$53.8M | -$35.3M | -$43.0M | -$23.0M |
| Capital expenditures | $10.2M | $8.4M | $8.8M | $4.1M | $1.2M | $2.3M | $3.6M | $3.8M |
| Share-based compensation | $141.8M | $128.5M | $106.7M | $72.9M | $99.2M | $33.3M | $39.3M | $24.6M |
| Deferred income taxes | -$6.4M | -$6.5M | -$25.0M | -$4.6M | -$15.3M | $0 | $0 | $0 |
| Change in accounts receivable | $5.3M | $23.2M | $21.8M | $12.3M | $4.3M | -$748.0K | $5.7M | -$3.8M |
| Change in accounts payable | $5.2M | $9.4M | $9.8M | -$18.5M | -$2.2M | $3.3M | -$138.0K | -$298.0K |
| Purchases of investments | $0 | $588.3M | $1.42B | $817.2M | $114.6M | $320.6M | $55.2M | $95.1M |
| Sales/maturities of investments | $318.0M | — | — | — | $0 | — | — | — |
| Other investing activities | $1.1M | $1.4M | -$1.1M | $3.1M | $1.1M | $1.1M | $4.4M | $1.2M |
| Tax withholding on stock comp | — | — | — | — | — | — | — | — |
| Other financing activities | -$5.0M | $1.5M | $6.9M | $986.0K | -$516.0K | $516.0K | $94.0K | $3.0K |
Income statement
| Line item | Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 |
|---|---|---|---|---|---|
| Revenue | $130.0M | $43.1M | $22.0M | $11.1M | $2.1M |
| Operating income | -$633.7M | -$232.5M | -$157.8M | -$85.7M | -$38.7M |
| Net income | -$510.4M | -$331.6M | -$157.8M | -$48.5M | -$106.2M |
| EPS (diluted) | $-1.82 | $-1.56 | $-0.78 | $-0.25 | $-0.77 |
| EPS (basic) | $-1.82 | $-1.56 | $-0.78 | $-0.25 | $-0.77 |
| Operating margin | -$487 | -$540 | -$716 | -$770 | -$1.8K |
| Net margin | -$393 | -$770 | -$716 | -$436 | -$5.1K |
Balance sheet
| Line item | Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 |
|---|---|---|---|---|---|
| Total assets | $6.57B | $508.4M | $553.6M | $598.0M | $642.0M |
| Total liabilities | $2.76B | $124.5M | $68.6M | $29.8M | $50.8M |
| Stockholders' equity | $3.80B | $383.9M | $485.0M | $568.2M | $591.2M |
| Total current assets | $2.59B | $378.8M | $390.0M | $371.6M | $529.6M |
| Total current liabilities | $166.8M | $36.1M | $37.2M | $20.2M | $9.7M |
| Cash & equivalents | $1.03B | $54.4M | $35.7M | $44.4M | $399.0M |
| Marketable securities (current) | $1.36B | $285.9M | $319.8M | $311.4M | $123.4M |
| Accounts receivable | $66.5M | $10.2M | $11.5M | $3.3M | $707.0K |
| Inventory | $10.3M | $0 | — | — | — |
| Other current assets | $25.1M | $2.6M | $2.8M | $3.4M | — |
| Marketable securities (non-current) | $944.6M | $23.5M | $100.5M | $182.0M | $80.1M |
| Property, plant & equipment | $120.1M | $52.8M | $37.5M | $26.0M | $18.9M |
| Goodwill | $1.96B | $9.9M | $742.0K | $742.0K | $0 |
| Intangible assets | $767.4M | $29.5M | $15.1M | $8.9M | $5.8M |
| Other non-current assets | $165.4M | $4.4M | $5.2M | $4.9M | $3.6M |
| Accounts payable | $26.1M | $5.2M | $5.6M | $3.1M | $1.9M |
| Accrued liabilities | $89.7M | $16.8M | $18.4M | $6.7M | $2.6M |
| Deferred revenue (current) | $42.1M | $10.7M | $12.1M | $8.7M | $3.4M |
| Other non-current liabilities | $95.2M | $3.4M | $128.0K | $303.0K | $0 |
| Common stock & paid-in capital | $36.0K | $22.0K | $20.0K | $20.0K | $19.0K |
| Retained earnings | -$1.19B | -$683.7M | -$352.1M | -$194.3M | -$145.8M |
| Accumulated other comprehensive income (loss) | -$12.7M | $157.0K | -$2.0M | -$7.4M | -$148.0K |
Cash flow
| Line item | Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 |
|---|---|---|---|---|---|
| Operating cash flow | -$283.2M | -$105.7M | -$78.8M | -$44.7M | -$26.5M |
| Investing cash flow | -$2.10B | $82.7M | $68.8M | -$309.1M | -$213.8M |
| Financing cash flow | $3.36B | $41.7M | $1.8M | $1.1M | $603.2M |
| Free cash flow | -$299.6M | -$123.7M | -$92.5M | -$54.0M | -$34.3M |
| Capital expenditures | $16.4M | $18.0M | $13.7M | $9.3M | $7.8M |
| Share-based compensation | $312.0M | $106.9M | $69.7M | $31.5M | $7.7M |
| Deferred income taxes | -$44.9M | $0 | $0 | $0 | — |
| Change in accounts receivable | $37.7M | -$1.6M | $8.2M | $1.5M | $317.0K |
| Change in accounts payable | -$7.6M | -$601.0K | $2.2M | $1.1M | $763.0K |
| Purchases of investments | $2.67B | $296.3M | $298.4M | $605.7M | $203.8M |
| Other investing activities | $4.2M | $5.6M | $5.8M | — | — |
| Tax withholding on stock comp | — | — | — | $2.0M | $0 |
| Other financing activities | $7.9M | $238.0K | -$230.0K | $20.0K | — |
Source: SEC EDGAR XBRL filings (10-Q/10-K), as originally tagged by the company. Quarterly cash flow is reconstructed by de-cumulating fiscal-year-to-date figures (how cash flow is tagged in 10-Qs); other quarterly lines are reported directly.
Institutional holders
SEC Form 13F filers holding IONQ as of the latest reported quarter. 13F only covers investment managers with $100M+ in assets — this is not a complete ownership picture, and does not include insiders (see Recent SEC filings below) or non-13F-eligible holders.
Source: Business Quant SEC Form 13F · report period 2026-06-30 · 30 filers
| Filer | Shares | Value | % Out | Qtr Change | Filed |
|---|---|---|---|---|---|
| Morgan Stanley | 26,279,397 | $1.40B | 7.15% | +24.2% | 2026-08-11 |
| BlackRock, Inc. | 20,896,455 | $1.11B | 5.68% | -30.0% | 2026-08-07 |
| VANGUARD CAPITAL MANAGEMENT LLC | 15,598,546 | $830.8M | 4.24% | +3.5% | 2026-06-30 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 13,959,259 | $743.5M | 3.80% | -9.3% | 2026-06-30 |
| State Street Corp | 8,123,629 | $432.7M | 2.21% | -12.4% | 2026-08-07 |
| UBS Group AG | 7,896,730 | $420.6M | 2.15% | +36.0% | 2026-08-13 |
| Bank Of America Corp /De/ | 6,473,088 | $344.8M | 1.76% | +258.0% | 2026-08-14 |
| GEODE CAPITAL MANAGEMENT, LLC | 6,459,949 | $343.1M | 1.76% | -23.5% | 2026-08-12 |
| NORGES BANK | 5,188,962 | $276.4M | 1.41% | +0.0% | 2026-08-12 |
| Marex Group Ltd | 3,707,611 | $197.5M | 1.01% | -7.4% | 2026-08-14 |
| D. E. Shaw & Co., Inc. | 2,690,977 | $143.3M | 0.73% | +41.5% | 2026-08-14 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 2,369,500 | $126.2M | 0.64% | -18.3% | 2026-08-14 |
| VANGUARD FIDUCIARY TRUST CO | 2,333,007 | $124.3M | 0.63% | -2.0% | 2026-06-30 |
| MARSHALL WACE, LLP | 2,327,425 | $124.0M | 0.63% | +24926.1% | 2026-08-13 |
| HRT FINANCIAL LP | 2,232,494 | $118.9K | 0.61% | +52.6% | 2026-08-14 |
| Northern Trust Corp | 2,209,642 | $117.7M | 0.60% | -31.7% | 2026-08-12 |
| Bank of New York Mellon Corp | 2,137,879 | $113.9M | 0.58% | +17.8% | 2026-08-06 |
| JANE STREET GROUP, LLC | 2,056,763 | $109.5M | 0.56% | +41.7% | 2026-08-14 |
| MILLENNIUM MANAGEMENT LLC | 1,959,358 | $104.4M | 0.53% | +0.0% | 2026-08-14 |
| Goldman Sachs Group Inc | 1,789,611 | $95.3M | 0.49% | -49.6% | 2026-08-14 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 1,632,290 | $86.9M | 0.44% | +45.0% | 2026-08-13 |
| PRICE T ROWE ASSOCIATES INC /MD/ | 1,565,044 | $83.4K | 0.43% | +8.9% | 2026-08-14 |
| Legal & General Group Plc | 1,541,983 | $82.1M | 0.42% | -3.2% | 2026-08-14 |
| Clear Street Group Inc. | 1,245,695 | $66.3M | 0.34% | -32.0% | 2026-08-04 |
| VAN ECK ASSOCIATES CORP | 1,203,346 | $64.1M | 0.33% | -3.6% | 2026-08-14 |
Insider activity
Directors, officers, and 10%+ owners' reported transactions from SEC Form 4. A filing reports a transaction; it does not by itself explain why it happened.
Recent SEC filings
Official company reports and insider transaction filings. Form 4 reports a transaction; it does not by itself explain why it happened.
Source: SEC EDGAR submissions · updated 2026-10-22 04:55 UTC
| Filed | Form | Report period | Official filing |
|---|---|---|---|
| 2026-10-16 | 8-K | 2026-10-14 | View on SEC.gov → |
| 2026-10-13 | 8-K | 2026-10-09 | View on SEC.gov → |
| 2026-09-15 | 4 | 2026-09-11 | View on SEC.gov → |
| 2026-09-15 | 4 | 2026-09-11 | View on SEC.gov → |
| 2026-09-15 | 4 | 2026-09-11 | View on SEC.gov → |
| 2026-09-11 | 4 | 2026-09-10 | View on SEC.gov → |
| 2026-09-08 | 8-K | 2026-09-08 | View on SEC.gov → |
| 2026-08-28 | 8-K | 2026-08-24 | View on SEC.gov → |
| 2026-08-26 | 4 | 2026-08-24 | View on SEC.gov → |
| 2026-08-26 | 4 | 2026-08-24 | View on SEC.gov → |
| 2026-08-10 | 10-Q | 2026-06-30 | View on SEC.gov → |
| 2026-08-07 | 8-K | 2026-08-07 | View on SEC.gov → |
Recent news
Headlines about IONQ (IonQ, Inc.). Links open the publisher — we don’t host full articles.
-
IonQ Rides a Risk-On Wave as Analysts Cut Targets and Dilution Math Takes Shape
AD HOC NEWS · 2026-10-22 -
Forget the Anthropic IPO. Here Are 6 Stocks Worth Watching.
Yahoo Finance · 2026-10-22 -
IonQ Inc (IONQ) Stock Up 3.3% and Still Undervalued -- GF Score: 47/100
GuruFocus · 2026-10-21 -
IonQ (NYSE:IONQ) Shares Climb 3.6% - Should You Buy?
MarketBeat · 2026-10-21 -
If I Had $1,000 to Invest Today, Here's Why I Wouldn't Buy IonQ Stock
Yahoo · 2026-10-21 -
BofA Securities names top quantum computing stocks to watch
Yahoo · 2026-10-21 -
IonQ's Two Ledgers: Technical Reach Widens as Wall Street Trims Its Target
AD HOC NEWS · 2026-10-21 -
Is Rigetti Computing Stock's Drop A Chance To Buy?
Yahoo · 2026-10-21
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