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IonQ IONQ EV / sales

EV / sales at other companies

International Business Machines logo
International Business MachinesIBM
4.3×-0.4×
Qualcomm logo
QualcommQCOM
3.3×-0.9×
IQVIA logo
IQVIAIQV
2.6×-0.3×
Quanta Services logo
Quanta ServicesPWR
2.9×+1.2×
Akamai Technologies logo
Akamai TechnologiesAKAM
4.2×+1.2×
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

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

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Market cap$21.11B+100%
Enterprise value$20.64B+97.0%
P/S112.8×-132×

Profitability

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Gross margin34.6%-15.5pp
Operating margin-443.3%-89.3pp
Net margin-1,836.3%-2,750pp
FCF margin-226.4%-49.5pp

Returns & leverage

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Return on equity-108.2%-223pp
Debt / equity0.0×
Current ratio14.1×+0.9×

Where this comes from

Calculated from IonQ’s reported figures.

Based on the most recent quarter.

The official record: IonQ’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is IonQ's EV / sales?
IonQ (IONQ) reported EV / sales of 54× in Q1 2026.
How has IonQ's EV / sales changed year-over-year?
IonQ's EV / sales decreased by 54.7% year-over-year, from 119.1× to 54×.
What is the long-term trend for IonQ's EV / sales?
Over 4 years (2021 to 2025), IonQ's EV / sales has grown at a -46.3% compound annual growth rate (CAGR), from 1,372.8× to 114.5×.
What does EV / sales mean?
What the whole business costs relative to its annual sales.
How do you interpret EV / sales?
A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
How does EV / sales compare across companies?
Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.