IONQ IONQ Inc
$31.48
▼ 8.4%Updated Oct 16, 2:25 PM ET
Report Card
IONQ at a glance — five pillars scored 0–100 from real filed financials.
How the 0–100 rating is calculatedOverall: Favorable · 66/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
Price — Past Year
▲ Up 14.1% in the year to Jul 6, 2026
Key Metrics
Market Cap
$18.34B
P/E
56.03x
Forward P/E (est.)
—
ROE
10.7%
Revenue Growth
334.6%
EPS Growth
—
Profit Margin
174.9%
FCF Yield
-1.2%
Debt / Equity
0x
ROIC
-15.0%
Interest Coverage
—
Current Ratio
10.66x
Dividend Yield
—
Implied Growth (rev. DCF)
—
Rating Score
66/100
Business Overview
IONQ Inc (IONQ) is a large-cap NYSE-listed company in the Technology industry, within the Information Technology sector, with a market value around $18.34B.
In its latest reported year it generated about $130.02M in revenue and posted a net loss of $510.38M.
Our model rates IONQ Favorable (66/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Economic Moat
Evidence of durable competitive advantage in the filed financials (6 years of history).
Profit margins and economic moats, explainedThe numbers don't show a durable competitive advantage — margins, growth, or returns on capital have been unstable or thin. Great returns are still possible; they just aren't protected.
-580.9% average over the last 3 years
±497.2 pts around -871.2% across 5 years
grew in 5 of the last 5 year-over-year periods
positive in 0 of 6 years
-15.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical Analysis (Educational)
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what IONQ's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. IONQ trades near $31.48, below its 50-day average ($55.02) and 200-day average ($49.53). Price below both averages is a downtrend — momentum is against buyers for now.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 39 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. IONQ's is $4.55 (~14.5% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. In the month to Jul 6, 2026, IONQ found buyers near $48.18 (support) and sellers near $64.90 (resistance); its 52-week range then was $25.89–$84.64. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.2× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. The indicators were last computed on Jul 6, 2026; the price is current.
Revenue Growth
4Y CAGR
180.5%
Profitability
Gross Margin
36.1%
Operating Margin
-487.4%
Net Margin
-392.6%
ROE
10.7%
IONQ Inc keeps about 174.9% of each sales dollar as net profit, with a 36.1% gross margin and -487.4% operating margin. Return on equity is 10.7% and return on invested capital about -15.0%. Margins this wide usually signal pricing power or a cost advantage.
Debt Analysis
Total Debt
—
Net Debt
—
Net Debt / EBITDA
—
Debt / Equity
0x
Leverage: debt-to-equity is 0.0x, with a current ratio of 10.7x. That is a conservative balance sheet — a cushion in downturns.
Cash Flow Analysis
Operating CF
-$283.19M
Free Cash Flow
-$299.60M
FCF Margin
-230.4%
In the latest year IONQ Inc produced about -$283.19M of operating cash flow but negative free cash flow as it invested heavily. That is a free-cash-flow yield of about -1.2% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
Valuation Analysis
P/E
56.03x
P/S
141.02x
P/B
23.6x
EV / EBITDA
—
IONQ trades at 56.0x trailing earnings, 141.0x sales, and 23.6x book value. That is a rich multiple that prices in a lot of future growth.
Metrics vs. Sector Range
Where IONQ sits versus the Information Technology companies we cover.
Bands show the middle half (25th–75th percentile) of the 98 Information Technology companies in our coverage that have fundamentals data — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
Sector Peer Comparison
How IONQ stacks up against its Information Technology peers — valuation, profitability, and growth versus the sector median.
Among the 98 rated Information Technology companies we cover, IONQ ranks #30 by our overall rating. It trades at a premium versus the sector on earnings (56x P/E vs. 36.2x median) with a lower return on equity (10.7% vs. 17.5%) and faster revenue growth (334.6% vs. 17.7%).
P/E vs sector
56x
median 36.2x
ROE vs sector
10.7%
median 17.5%
Growth vs sector
334.6%
median 17.7%
Sector rank
#30
of 98 rated
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Information Technology companies by sub-industry and size, preferring ones with full data. Sector medians and rank use the 98 rated companies among the 230 Information Technology stocks we cover. Educational, not a recommendation.
5-Year Projection Model
Project revenue → earnings → price. Edit the assumptions to build your own case.
What drives this projection, and its limits2030 scenario price range (Base Case)
$1.46 – $2.40
vs. $31.48 today · implied CAGR -46% – -40%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $188.52M | $273.36M | $396.37M | $574.74M | $833.37M |
| Net income | $5.66M | $8.20M | $11.89M | $17.24M | $25.00M |
| EPS | $0.01 | $0.01 | $0.02 | $0.03 | $0.04 |
| Share price (low) | $0.33 | $0.48 | $0.69 | $1.01 | $1.46 |
| Share price (high) | $0.54 | $0.79 | $1.14 | $1.66 | $2.40 |
| CAGR (low–high) | -99% / -98% | -88% / -84% | -72% / -67% | -58% / -52% | -46% / -40% |
Educational scenario model, not a forecast or investment advice. It starts from the latest annual revenue in SEC filings. By default, growth is trailing revenue growth (held between 3% and 45% a year), the net margin is the latest one (held between 3% and 50%, so a loss-making company is modeled with a small profit), and the Base case P/E runs from 60% to 100% of today's. Carrying recent growth forward five years can miss badly in either direction. Outputs are only as good as the assumptions.
Bull Case
The case for IONQ:
- Revenue is growing 334.6% a year, a sign of real demand.
- High net margins (174.9%) point to pricing power or efficiency.
- A conservative balance sheet (debt/equity 0.0x) lowers risk.
- Our model's overall read is Favorable (66/100).
Bear Case
The case against IONQ:
- A rich 56.0x earnings multiple prices in a lot of growth.
- Limited free cash flow at today's price.
Key Risks
Valuation risk — at 56.0x earnings, disappointing results could compress the multiple.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
Investment Thesis
On balance, the fundamentals screen favourably: IONQ Inc is a large-cap information technology business still growing nicely, with solid profitability, and a sound balance sheet. It trades at 56.0x earnings, which our model scores Favorable (66/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 20 Wall Street analysts covering IONQ recommend (September 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more cautious over the last three months (-4 pts of buy ratings).
Latest SEC Filings
IONQ's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen. How to read a 10-K
In the Idea Lab
IONQ — frequently asked questions
Is IONQ a good stock to buy?
We don't give buy or sell advice. Our model rates IONQ Inc Favorable (66/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is IONQ's rating on The Stocks School?
IONQ Inc currently scores 66/100 (Favorable) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does IONQ's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from IONQ Inc's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for IONQ calculated?
It's a scenario model. It starts from the latest annual revenue and net margin in SEC filings, grows revenue at an assumed rate (trailing revenue growth by default), and applies a P/E range built around today's multiple to show the resulting share-price range. When a stock has no growth or P/E data, the starting values are placeholders. It's a tool for thinking, not a prediction.
Is this IONQ analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell IONQ. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.