IonQ, Inc.IONQ

NYSETechnologyServices-Computer Integrated Systems Design
Price (close)
$44.98
Market cap
$17.1B
P/E
—
Revenue (TTM)
$246.5M
Net income
-$1.4B
Dividend yield
—
1-year total return
-35.2%
Net margin
-553.3%
Revenue growth
370.6%
Debt / equity
—

What IonQ, Inc. does.

IonQ is the world’s first and only quantum platform company. We operate in every theater: in space, in the air, on land and at sea, where we seek to deliver the full promise of quantum, across computing, networking, sensing and security. We believe that we have the clearest path to fault-tolerant quantum computing, and a repertoire of networking, sensing and security products that will form the backbone of a global quantum infrastructure.

We are developing quantum computers designed to solve some of the world’s most complex problems and transform business, society and the planet for the better. We believe that our proprietary technology, our architecture and the technology exclusively available to us through license agreements will offer us advantages both in research and development and in the commercial value of our product offerings.

Today, we sell specialized quantum computing hardware, together with complementary products and services, such as quantum networking, quantum sensing and quantum security products and associated maintenance and support. We also sell access to several quantum computers of various qubit capacities and are in the process of researching and developing technologies for quantum computers with increasing computational capabilities. We currently make access to our quantum computers available through three major cloud platforms, Amazon Web Services’, or AWS’s, Braket, Microsoft’s Azure Quantum and Google’s Cloud Marketplace, and also to select customers via our own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service, or QCaaS.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$0$2.1M$1.2B$22.0M$43.1M$130.0M
Net income-$15.4M-$106.2M-$48.5M-$157.8M-$331.6M-$510.4M
Free cash flow-$22.0M-$34.3M-$54.0M-$92.5M-$123.7M-$299.6M

More on IONQ.

Figures from IonQ, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.