NYSE : IONQ
IonQ, Inc. — Financial statements
Technology · Computer Hardware · United States
Last price 30.04 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 12.90B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
IonQ, Inc. (IONQ) reported revenue of 246.47M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 246.47M | 130.02M | 43.07M | 22.04M | 11.13M | 2.10M |
| Cost of Revenue | 170.43M | 75.33M | 20.34M | 7.96M | 2.89M | 995.00K |
| Gross Profit | 76.05M | 54.69M | 22.73M | 14.08M | 8.24M | 1.10M |
| Selling, General & Admin | 421.36M | 261.04M | 101.37M | 69.86M | 45.02M | 17.63M |
| Research & Development | 441.14M | 301.86M | 135.16M | 91.60M | 43.37M | 19.61M |
| Operating Expenses | 1.02B | 644.90M | 255.19M | 171.83M | 93.99M | 39.79M |
| Operating Income | -940.49M | -590.22M | -232.46M | -157.75M | -85.75M | -38.69M |
| Interest & Investment Income | 104.18M | 56.00M | 18.25M | 19.32M | 7.09M | 64.00K |
| Other Non Operating Income (Expenses) | -506.08M | 21.02M | -117.38M | -19.29M | 30.14M | -63.30M |
| EBT Excluding Unusual Items | -1.34B | -513.19M | -331.59M | -157.72M | -48.51M | -101.93M |
| Merger & Restructuring Charges | -65.70M | -43.50M | -4.26M | |||
| Pretax Income | -1.41B | -556.69M | -331.59M | -157.72M | -48.51M | -106.19M |
| Income Tax Expense | -41.76M | -44.57M | 59.00K | 48.00K | ||
| Earnings From Continuing Operations | -1.37B | -512.12M | -331.65M | -157.77M | -48.51M | -106.19M |
| Minority Interest in Earnings | 2.66M | 1.74M | ||||
| Net Income | -1.36B | -510.38M | -331.65M | -157.77M | -48.51M | -106.19M |
| Net Income to Common | -1.36B | -510.38M | -331.65M | -157.77M | -48.51M | -106.19M |
| Shares Outstanding (Basic) | 342.02M | 280.35M | 213.03M | 202.58M | 197.73M | 137.61M |
| Shares Outstanding (Diluted) | 342.02M | 280.35M | 213.03M | 202.58M | 197.73M | 137.61M |
| EPS (Basic) | -3.99 | -1.82 | -1.56 | -0.78 | -0.25 | -0.77 |
| EPS (Diluted) | -3.99 | -1.82 | -1.56 | -0.78 | -0.25 | -0.77 |
| Free Cash Flow | -483.87M | -299.60M | -123.67M | -92.51M | -54.03M | -34.32M |
| Free Cash Flow Per Share | -1.42 | -1.07 | -0.58 | -0.46 | -0.27 | -0.25 |
| Gross Margin | 30.85% | 42.06% | 52.77% | 63.87% | 74.03% | 52.60% |
| Operating Margin | -381.58% | -453.96% | -539.68% | -715.70% | -770.34% | -1,843.12% |
| Profit Margin | -553.27% | -392.55% | -769.97% | -715.77% | -435.82% | -5,058.89% |
| Free Cash Flow Margin | -196.32% | -230.44% | -287.13% | -419.72% | -485.44% | -1,635.06% |
| EBITDA | -793.05M | -514.81M | -219.10M | -150.28M | -80.14M | -36.14M |
| D&A For EBITDA | 147.44M | 75.40M | 13.35M | 7.47M | 5.60M | 2.55M |
| EBIT | -940.49M | -590.22M | -232.46M | -157.75M | -85.75M | -38.69M |
| Advertising Expenses | 1.30M | 1.10M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.24B | 1.03B | 54.39M | 35.66M | 44.37M | 399.02M |
| Short-Term Investments | 883.24M | 1.36B | 285.90M | 319.78M | 311.43M | 123.44M |
| Cash & Short-Term Investments | 2.12B | 2.39B | 340.29M | 355.44M | 355.80M | 522.47M |
| Accounts Receivable | 105.91M | 66.53M | 10.19M | 11.47M | 3.29M | 707.00K |
| Other Receivables | 17.58M | 18.49M | 2.22M | 2.11M | ||
| Receivables | 123.48M | 85.03M | 12.41M | 13.58M | 3.29M | 707.00K |
| Inventory | 87.47M | 57.70M | 17.63M | 12.48M | 5.16M | |
| Prepaid Expenses | 30.22M | 12.19M | 4.89M | 5.70M | 3.95M | 6.44M |
| Other Current Assets | 49.65M | 39.37M | 3.59M | 2.80M | 3.42M | |
| Total Current Assets | 2.41B | 2.59B | 378.80M | 389.99M | 371.63M | 529.62M |
| Property, Plant & Equipment | 190.91M | 142.87M | 62.23M | 42.13M | 29.77M | 22.90M |
| Long-Term Investments | 1.08B | 1.04B | 23.55M | 100.49M | 182.00M | 80.11M |
| Goodwill | 2.19B | 1.96B | 9.90M | 742.00K | 742.00K | |
| Other Intangible Assets | 778.87M | 767.43M | 29.47M | 15.08M | 8.94M | 5.84M |
| Other Long-Term Assets | 134.07M | 74.39M | 4.44M | 5.16M | 4.91M | 3.56M |
| Total Assets | 6.78B | 6.57B | 508.39M | 553.58M | 597.99M | 642.03M |
| Accounts Payable | 44.58M | 26.14M | 5.23M | 5.60M | 3.06M | 1.88M |
| Accrued Expenses | 73.89M | 72.34M | 12.98M | 18.26M | 6.66M | 2.65M |
| Current Portion of Leases | 11.66M | 8.85M | 3.37M | 710.00K | 591.00K | 568.00K |
| Current Unearned Revenue | 72.83M | 42.12M | 10.68M | 12.09M | 8.73M | 3.43M |
| Other Current Liabilities | 23.11M | 17.39M | 3.83M | 504.00K | 1.13M | 1.16M |
| Total Current Liabilities | 226.06M | 166.82M | 36.09M | 37.16M | 20.16M | 9.69M |
| Long-Term Leases | 42.84M | 21.17M | 14.36M | 7.39M | 3.46M | 3.64M |
| Long-Term Unearned Revenue | 14.18M | 1.92M | 447.00K | 1.20M | 1.53M | |
| Other Long-Term Liabilities | 3.07B | 2.57B | 74.08M | 23.58M | 4.96M | 35.93M |
| Total Liabilities | 3.44B | 2.76B | 124.53M | 68.59M | 29.78M | 50.80M |
| Common Stock | 38.00K | 36.00K | 22.00K | 20.00K | 20.00K | 19.00K |
| Additional Paid-In Capital | 5.64B | 5.01B | 1.07B | 839.01M | 769.85M | 737.15M |
| Retained Earnings | -2.26B | -1.19B | -683.72M | -352.07M | -194.30M | -145.79M |
| Comprehensive Income & Other | -54.26M | -12.67M | 157.00K | -1.97M | -7.36M | -148.00K |
| Total Common Equity | 3.33B | 3.80B | 383.86M | 484.99M | 568.21M | 591.23M |
| Minority Interest | 12.37M | 14.18M | ||||
| Shareholders' Equity | 3.34B | 3.81B | 383.86M | 484.99M | 568.21M | 591.23M |
| Total Liabilities & Equity | 6.78B | 6.57B | 508.39M | 553.58M | 597.99M | 642.03M |
| Total Debt | 54.50M | 30.02M | 17.73M | 8.11M | 4.05M | 4.21M |
| Net Cash (Debt) | 2.06B | 2.36B | 322.56M | 347.34M | 351.75M | 518.26M |
| Net Cash Per Share | 6.04 | 8.43 | 1.51 | 1.71 | 1.78 | 3.77 |
| Filing Date Shares Outstanding | 381.00M | 366.64M | 222.84M | 208.23M | 201.55M | 197.67M |
| Total Common Shares Outstanding | 381.04M | 362.59M | 221.92M | 206.61M | 199.86M | 195.63M |
| Working Capital | 2.18B | 2.42B | 342.72M | 352.82M | 351.47M | 519.93M |
| Book Value Per Share | 8.73 | 10.48 | 1.73 | 2.35 | 2.84 | 3.02 |
| Tangible Book Value | 362.36M | 1.07B | 344.49M | 469.18M | 558.52M | 585.39M |
| Tangible Book Value Per Share | 0.95 | 2.95 | 1.55 | 2.27 | 2.79 | 2.99 |
| Machinery | 183.68M | 148.78M | 62.45M | 42.07M | 32.34M | 21.49M |
| Leasehold Improvements | 32.63M | 25.72M | 17.92M | 10.04M | 1.13M | 827.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -1.36B | -510.38M | -331.65M | -157.77M | -48.51M | -106.19M |
| Depreciation & Amortization | 147.44M | 75.40M | 13.35M | 7.47M | 5.60M | 2.55M |
| Other Amortization | 6.60M | 6.60M | 5.30M | 2.90M | ||
| Asset Writedown & Restructuring Costs | 520.00K | 1.33M | ||||
| Loss (Gain) From Sale of Investments | -72.31M | -8.32M | -8.80M | -9.75M | -1.58M | |
| Stock-Based Compensation | 449.97M | 312.03M | 106.88M | 69.74M | 31.46M | 7.75M |
| Other Operating Activities | 545.80M | -49.24M | 122.43M | 21.20M | -29.70M | 68.22M |
| Change in Accounts Receivable | -62.60M | -37.67M | 1.61M | -8.18M | -1.51M | -317.00K |
| Change in Accounts Payable | 5.91M | -7.64M | -601.00K | 2.19M | 1.06M | 763.00K |
| Change in Unearned Revenue | 41.18M | 9.29M | -1.75M | 2.60M | 3.89M | 3.60M |
| Change in Other Net Operating Assets | -150.70M | -73.26M | -12.45M | -9.23M | -5.94M | -4.25M |
| Operating Cash Flow | -452.37M | -283.19M | -105.68M | -78.81M | -44.70M | -26.54M |
| Capital Expenditures | -31.50M | -16.42M | -17.99M | -13.70M | -9.34M | -7.78M |
| Cash Acquisitions | -59.93M | 523.00K | -15.45M | -848.00K | ||
| Sale (Purchase) of Intangibles | -3.23M | -2.24M | ||||
| Investment in Securities | -1.36B | -2.07B | 121.75M | 88.31M | -295.64M | -203.76M |
| Other Investing Activities | -4.58M | -4.22M | -5.58M | -5.85M | ||
| Investing Cash Flow | -1.45B | -2.10B | 82.73M | 68.77M | -309.06M | -213.78M |
| Issuance of Common Stock | 2.99B | 3.35B | 41.45M | 1.99M | 1.08M | 31.53M |
| Other Financing Activities | 10.81M | 7.88M | 238.00K | -230.00K | 20.00K | 571.70M |
| Financing Cash Flow | 3.00B | 3.36B | 41.69M | 1.76M | 1.10M | 603.23M |
| Foreign Exchange Rate Adjustments | -524.00K | 581.00K | 25.00K | -2.00K | ||
| Net Cash Flow | 1.10B | 980.91M | 18.76M | -8.29M | -352.66M | 362.90M |
| Free Cash Flow | -483.87M | -299.60M | -123.67M | -92.51M | -54.03M | -34.32M |
| Free Cash Flow Margin | -196.32% | -230.44% | -287.13% | -419.72% | -485.44% | -1,635.06% |
| Free Cash Flow Per Share | -1.42 | -1.07 | -0.58 | -0.46 | -0.27 | -0.25 |
| Levered Free Cash Flow | -87.77M | -21.78M | -45.44M | -34.01M | -27.33M | -20.86M |
| Unlevered Free Cash Flow | -87.77M | -21.78M | -45.44M | -34.01M | -27.33M | -20.86M |
| Change in Working Capital | -166.21M | -109.28M | -13.19M | -12.61M | -2.50M | -202.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 12.90B | 15.90B | 9.04B | 2.54B | 689.86M | 3.21B |
| Enterprise Value | 10.83B | 14.86B | 8.69B | 2.16B | 288.32M | 2.63B |
| Last Close Price | 30.04 | 44.87 | 41.77 | 12.39 | 3.45 | 16.70 |
| PS Ratio | 52.34 | 122.27 | 209.85 | 115.07 | 61.98 | 1,531.46 |
| PB Ratio | 3.44 | 4.17 | 23.55 | 5.23 | 1.21 | 5.44 |
| P/TBV Ratio | 35.60 | 14.88 | 26.24 | 5.41 | 1.24 | 5.49 |
| EV/Sales Ratio | 43.96 | 114.27 | 201.78 | 97.97 | 25.90 | 1,253.68 |
| Debt / Equity Ratio | 0.02 | 0.01 | 0.05 | 0.02 | 0.01 | 0.01 |
| Net Debt / Equity Ratio | -0.62 | -0.62 | -0.84 | -0.72 | -0.62 | -0.88 |
| Net Debt / EBITDA Ratio | 2.60 | 4.59 | 1.47 | 2.31 | 4.39 | 14.34 |
| Net Debt / FCF Ratio | 4.27 | 7.88 | 2.61 | 3.75 | 6.51 | 15.10 |
| Asset Turnover | 0.06 | 0.04 | 0.08 | 0.04 | 0.02 | 0.01 |
| Inventory Turnover | 2.79 | 2.00 | 1.35 | 0.90 | ||
| Quick Ratio | 9.92 | 14.85 | 9.77 | 9.93 | 17.81 | 53.99 |
| Current Ratio | 10.66 | 15.50 | 10.50 | 10.49 | 18.43 | 54.65 |
| Return on Equity (ROE) | -60.48% | -24.40% | -76.34% | -29.96% | -8.37% | -32.93% |
| Return on Assets (ROA) | -14.47% | -10.42% | -27.36% | -17.12% | -8.64% | -6.88% |
| Return on Capital Employed (ROCE) | -14.40% | -9.20% | -49.20% | -30.50% | -14.80% | -6.10% |
| Earnings Yield | -13.27% | -3.21% | -3.67% | -6.22% | -7.03% | -3.30% |
| FCF Yield | -3.75% | -1.88% | -1.37% | -3.65% | -7.83% | -1.07% |
| Buyback Yield / Dilution | -49.98% | -31.60% | -5.16% | -2.45% | -43.69% | -19.61% |