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IonQ IONQ Price / sales

Price / sales at other companies

International Business Machines logo
International Business MachinesIBM
3.3×-0.4×
Qualcomm logo
QualcommQCOM
3.1×-0.9×
Quanta Services logo
Quanta ServicesPWR
2.7×+1.2×
Akamai Technologies logo
Akamai TechnologiesAKAM
3.9×+0.9×
Quest Diagnostics logo
Quest DiagnosticsDGX
1.9×+0.1×
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$20.41B+100%
Enterprise value$19.94B+97.0%

Profitability

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

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 price / sales?
IonQ (IONQ) reported price / sales of 56.5× in Q1 2026.
How has IonQ's price / sales changed year-over-year?
IonQ's price / sales decreased by 53.9% year-over-year, from 122.4× to 56.5×.
What is the long-term trend for IonQ's price / sales?
Over 4 years (2021 to 2025), IonQ's price / sales has grown at a -61.6% compound annual growth rate (CAGR), from 32,013.5× to 697.7×.
What does price / sales mean?
How many dollars investors pay for each dollar of the company's annual sales.
How do you interpret price / sales?
Useful when earnings are negative or volatile (e.g. early-stage or cyclical firms). Only comparable across companies with similar margins — a sales dollar is worth more at a high-margin business.
How does price / sales compare across companies?
Best compared within a margin cohort; a software P/S and a retailer P/S are not directly comparable.