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IonQ

IONQ

IonQ is a quantum computing platform company that develops and commercializes high-performance quantum systems using trapped ion technology.

Market cap
$16.71B+24.9%
Revenue$187.1M+335%
Net income-$458.7M-38.3%
Free cash flow-$423.7M-213%
EPS (diluted)-$2.35-50.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 3 weeks)
Revenue estimate$65.4M
EPS estimate-$0.29

Financials

Q1 2026

Income statement

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Revenue$64.7M+755%
Gross profit$15.4M+374%
Operating income-$271.5M-259%
Net income$805.4M+2,597%
EPS (diluted)$2.07+1,579%

Balance sheet

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Cash & equivalents$501.4M+209%
Total debt$30.4M+75.4%
Total equity$5.0B+550%
Total assets$6.7B+687%

Cash flow

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Operating cash flow-$151.0M-357%
CapEx$8.4M+263%
Free cash flow-$159.4M-351%

Valuation & ratios

Valuation

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Market cap$16.71B+24.9%
Enterprise value$16.24B+38.8%
P/S89.3×-137×

Profitability

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Gross margin34.6%-15.5pp
Operating margin-443.3%-89.3pp
FCF margin-226.4%-49.5pp

Returns & leverage

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Debt / equity0.0×
Current ratio14.1×+0.9×

Segments

By product

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Quantum Hardware$35.7M
Platform Consulting And Support Services$29.0M+543%

Competitors

Profile

IonQ is a quantum computing platform company that develops and commercializes high-performance quantum systems using trapped ion technology. The company offers full-stack solutions across computing, networking, sensing, and security, aiming to achieve fault-tolerant quantum advantage. Its core value proposition lies in its modular architecture and the use of identical atomic qubits which provide superior coherence and connectivity compared to solid-state alternatives.

Competitive position

IonQ is a leading player in the trapped ion quantum computing space, distinguished by its modular architecture and high-fidelity two-qubit gates. It is currently the only company offering quantum hardware across all three major public cloud providers.

GeographiesUnited States, Global
Customer segmentsGovernment, Enterprise, Academia
Business modelSaaS, Hardware Sales, Professional Services, Data-as-a-Service
SuppliersSemiconductor foundries, Laser and optical component manufacturers, Vacuum technology suppliers, University research licenses
CustomersCloud service providers, Pharmaceutical researchers, Financial modeling firms, National security and defense agencies
Listed2021
Employees324.0
CEONiccolo Mcleod de Masi
Websiteionq.com
FilingsSEC EDGAR

Questions, answered.

What is IonQ's market cap?
IonQ (IONQ) has a market capitalization of $16.7B and trades on NYSE.
What is IonQ's revenue and profitability?
IonQ generated $187.1M in trailing twelve-month revenue with a net loss of $458.7M, representing a net margin of -1836.3%. Gross margin stands at 34.6%, with free cash flow of -$423.7M. These figures are based on the Q1 2026 filing.
Who are IonQ's competitors?
IonQ's key competitors include D-Wave Quantum, Rigetti Computing, Google, and others. These companies compete in similar markets and product categories.
Who does IonQ partner with?
IonQ's notable partners include Amazon Web Services, Microsoft, Google, and others.
What subsidiaries does IonQ have?
IonQ's subsidiaries include Oxford Ionics Limited, Lightsynq Technologies, Inc., id Quantique SA, and others.
Where is IonQ headquartered?
IonQ is headquartered in United States of America and employs approximately 324 people. It has been publicly traded since 2021.