IonQ, Inc.
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About the company
IonQ, Inc. specializes in the creation of advanced, general-purpose quantum computing systems. The company provides customers with access to its 20-qubit quantum computers.
- CEO
- Niccolo Mcleod de Masi
- IPO
- 2021
- Employees
- 407
- HQ
- College Park, MD, US
Price Chart
- Market Cap
- $18.34B
- P/E
- 545.78
- P/S
- 97.99
- P/B
- 3.54
- EV/EBITDA
- 45.55
- Div Yield
- 0.00%
- Gross Margin
- 38.08%
- Op Margin
- -443.33%
- Net Margin
- 148.08%
- ROE
- 9.08%
- ROIC
- -12.69%
- Revenue
- $130.02M · 201.85%
- Net Income
- $-510,378,000 · -53.89%
- EPS
- $-1.82 · -16.67%
- Op Income
- $-633,715,000
- FCF YoY
- -131.80%
- 52W High
- $84.64
- 52W Low
- $25.89
- 50D MA
- $54.96
- 200D MA
- $49.59
- Beta
- 3.18
- Avg Volume
- 32.14M
AI snapshot
Six angles, distilled from the data.
The stock is in a volatile consolidation after a major run, still well below its 52-week high of $84.64 but far above the $25.89 low. It is trading around its 200-day moving average, which keeps the longer-term trend balanced rather than broken.
Street sentiment stays constructive, with a Buy consensus and a $67.13 average target versus a $49.60 share price. Recent calls have been mixed on conviction but still positive, including Northland’s move to $70 and several reiterations of existing bullish ratings.
The next report follows two sharp EPS beats, with the last two quarters coming in at $2.07 and $1.93 versus negative estimates. Analysts still model losses ahead, with 2027 EPS at -$1.85 and 2028 at -$2.08, so revenue traction and margin discipline matter most.
Recent activity leans to net selling, but much of the table is award, vesting, or in-kind compensation rather than discretionary trading. The clearest signal is several director and executive sales in June, including sales by two directors and the Special Advisor, while the CEO and CFO also received large in-kind share movements.
Gross margin is solid at 36.1%, but profitability remains uneven with a -4.0% operating margin and a 1.75% net margin. Revenue grew 7.547% year over year, while operating cash flow was -$283.2 million and free cash flow was -$266.8 million for 2025.
IonQ stands out as a pure-play quantum computing name, with cloud distribution through AWS Braket, Azure Quantum, and Google Cloud Marketplace. The setup still commands a premium growth multiple versus hardware peers, but the valuation is anchored more by long-duration optionality than current earnings power.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jun 17, 26 | TOLEDANO GABRIELLE B | other | 4,526 |
| Jun 18, 26 | TOLEDANO GABRIELLE B | sell | 2,757 |
| Jun 17, 26 | Chou Kathryn K. | other | 4,526 |
| Jun 18, 26 | Chou Kathryn K. | sell | 2,757 |
| Jun 18, 26 | Raymond John w | sell | 3,815 |
| Jun 17, 26 | FRANKOLA JIM | other | 4,526 |
| Jun 17, 26 | TEUBER WILLIAM J JR | other | 4,526 |
| Jun 16, 26 | Singh Inder M | other | 2,617 |
| Jun 17, 26 | Scannell William F | other | 4,526 |
| Jun 11, 26 | de Masi Niccolo | other | 16,120 |
Our IONQ coverage
Recent articles, reports, and earnings notes.
Inside the IQM Quantum Computers SPAC Deal: Terms, Risks, Verdict
IQM Quantum Computers is a Finland-based superconducting quantum hardware company going public via a merger with Real Asset Acquisition Corp. (Nasdaq: RAAQ), with the deal still working through SEC and shareholder-approval steps. The setup has real revenue and a large PIPE behind it, but investors should watch redemption risk, dilution, and whether the trust cash survives intact.
IQM Quantum Computers IPO: The Bull and Bear Case
IQM Quantum Computers Oyj American Depositary Shares is expected to list on NASDAQ on 2026-07-02, but the price range has not been disclosed. The deal is a SPAC merger with Real Asset Acquisition Corp. under ticker IQMX. Bull case: a real systems-delivery track record; bear case: quantum remains early, loss-making, and execution-heavy.
Quantum stocks are becoming the market’s next optionality trade — and that is exactly the risk
Quantum is trading less like an industry being valued on commercial proof and more like an AI-adjacent call option on the next compute platform. That can keep money flowing into IONQ, RGTI, QBTS, and QUBT for longer than bears expect, but it also leaves the group exposed to sharp valuation air pockets if the narrative cools even a little.
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AI analysis · Last refreshed July 2, 2026 · Live quote · Not investment advice