📊 IONQ-WT Key Takeaways
Is IonQ, Inc. (IONQ-WT) a Good Investment?
IonQ exhibits severely negative fundamental metrics with operating losses of $633.7M on $130M revenue, reflecting an immature business model with minimal gross profitability. Despite strong revenue growth of 132.2% YoY, the company is burning cash at an unsustainable rate (-$299.6M FCF) while having not demonstrated a clear path to profitability. The massive operating margin of -487.4% and negative ROE/ROA indicate fundamental operational challenges that revenue growth alone cannot address.
IonQ is delivering exceptional top-line growth, but that growth is not yet translating into an economically sustainable business. Operating and net margins remain deeply negative, and the company is consuming substantial cash despite a very strong balance sheet, so the core fundamental story is still dominated by execution and commercialization risk rather than profitability.
Why Buy IonQ, Inc. Stock? IONQ-WT Key Strengths
- Strong revenue growth of 132.2% YoY demonstrates market demand for quantum computing solutions
- Excellent liquidity position with current ratio of 15.50x and $1.0B cash provides runway for operations
- Solid asset base of $6.6B with low leverage (0.00x debt/equity) provides financial flexibility
- Revenue growth is very strong at +132.2% YoY, showing rising commercial traction.
- Balance sheet is exceptionally liquid with $1.03B in cash, a 15.50x current ratio, and no meaningful debt leverage.
- Large equity base and low leverage provide a long runway to fund R&D and operating losses.
IONQ-WT Stock Risks: IonQ, Inc. Investment Risks
- Extreme cash burn of $299.6M FCF with only $1.0B cash means approximately 3.3 years runway at current burn rates
- Operating losses of $633.7M vastly exceed revenue, indicating uncontrolled cost structure with no clear path to profitability
- Negative net income of $510.4M and operating margin of -487.4% demonstrate the business model is deeply unprofitable at current scale
- Operating margin of -487.4% and net margin of -392.6% indicate the business model is far from profitability.
- Free cash flow of -$299.60M and operating cash flow of -$283.19M show heavy ongoing cash burn.
- Net income improved only 0.3% YoY despite rapid revenue growth, suggesting weak operating leverage and low growth quality.
Key Metrics to Watch
- Operating cash flow trend and path to positive FCF
- Operating margin improvement and progress toward breakeven
- Capital expenditure levels relative to revenue growth sustainability
- Gross margin analysis once disclosed - critical to understanding pricing power
- Operating cash burn and free cash flow trend
- Operating margin improvement relative to revenue growth
IonQ, Inc. (IONQ-WT) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 15.50x current ratio provides a solid financial cushion.
IONQ-WT Profit Margin, ROE & Profitability Analysis
IONQ-WT vs Technology Sector: How IonQ, Inc. Compares
How IonQ, Inc. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is IonQ, Inc. Stock Overvalued? IONQ-WT Valuation Analysis 2026
Based on fundamental analysis, IonQ, Inc. has mixed fundamental signals relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
IonQ, Inc. Balance Sheet: IONQ-WT Debt, Cash & Liquidity
IONQ-WT Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: IonQ, Inc.'s revenue has grown significantly by 6,094% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.78 indicates the company is currently unprofitable.
IONQ-WT Revenue Growth, EPS Growth & YoY Performance
IONQ-WT Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $12.4M | -$52.5M | $-0.24 |
| Q2 2025 | $11.4M | -$37.6M | $-0.18 |
| Q1 2025 | $7.6M | -$32.3M | $-0.14 |
| Q3 2024 | $6.1M | -$44.8M | $-0.22 |
| Q2 2024 | $5.5M | -$37.6M | $-0.18 |
| Q1 2024 | $4.3M | -$27.3M | $-0.14 |
| Q3 2023 | $2.8M | -$24.0M | $-0.12 |
| Q2 2023 | $2.6M | -$1.7M | $-0.01 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
IonQ, Inc. Dividends, Buybacks & Capital Allocation
IONQ-WT SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for IonQ, Inc. (CIK: 0001824920)
📋 Recent SEC Filings
❓ Frequently Asked Questions about IONQ-WT
What is the AI rating for IONQ-WT?
IonQ, Inc. (IONQ-WT) has a Combined AI Rating of SELL from Claude (STRONG SELL) and ChatGPT (SELL) with 88% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are IONQ-WT's key strengths?
Claude: Strong revenue growth of 132.2% YoY demonstrates market demand for quantum computing solutions. Excellent liquidity position with current ratio of 15.50x and $1.0B cash provides runway for operations. ChatGPT: Revenue growth is very strong at +132.2% YoY, showing rising commercial traction.. Balance sheet is exceptionally liquid with $1.03B in cash, a 15.50x current ratio, and no meaningful debt leverage..
What are the risks of investing in IONQ-WT?
Claude: Extreme cash burn of $299.6M FCF with only $1.0B cash means approximately 3.3 years runway at current burn rates. Operating losses of $633.7M vastly exceed revenue, indicating uncontrolled cost structure with no clear path to profitability. ChatGPT: Operating margin of -487.4% and net margin of -392.6% indicate the business model is far from profitability.. Free cash flow of -$299.60M and operating cash flow of -$283.19M show heavy ongoing cash burn..
What is IONQ-WT's revenue and growth?
IonQ, Inc. reported revenue of $130.0M.
Does IONQ-WT pay dividends?
IonQ, Inc. does not currently pay dividends.
Where can I find IONQ-WT SEC filings?
Official SEC filings for IonQ, Inc. (CIK: 0001824920) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is IONQ-WT's EPS?
IonQ, Inc. has a diluted EPS of $-1.82.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is IONQ-WT a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, IonQ, Inc. has a SELL rating with 88% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is IONQ-WT stock overvalued or undervalued?
Valuation metrics for IONQ-WT: ROE of -13.4% (sector avg: 22%), net margin of -392.6% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
Should I buy IONQ-WT stock in 2026?
Our dual AI analysis gives IonQ, Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is IONQ-WT's free cash flow?
IonQ, Inc.'s operating cash flow is $-283.2M, with capital expenditures of $16.4M. FCF margin is -230.4%.
How does IONQ-WT compare to other Technology stocks?
Vs Technology sector averages: Net margin -392.6% (avg: 18%), ROE -13.4% (avg: 22%), current ratio 15.50 (avg: 2.5).