IonQ, Inc. IONQ
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $130.0M | $43.1M | $22.0M | $11.1M | $2.1M | $0 | — |
| R&D | $305.7M | $136.8M | $92.3M | $44.0M | $20.2M | $10.2M | — |
| SG&A | $245.1M | $71.1M | $50.7M | $36.0M | $13.7M | $3.5M | — |
| Operating income | -$633.7M | -$232.5M | -$157.8M | -$85.7M | -$38.7M | -$15.7M | — |
| Interest expense | $56.0M | $18.2M | $19.3M | $7.1M | $64.0K | — | — |
| Pre-tax income | -$556.7M | -$331.6M | -$157.7M | -$48.5M | -$106.2M | -$15.4M | — |
| Income tax | $44.6M | $59.0K | $48.0K | $0 | $0 | $0 | — |
| Net income | -$510.0M | -$332.0M | -$158.0M | -$49.0M | -$106.0M | -$15.4M | — |
| EPS, basic | -1.82 | -1.56 | -0.78 | -0.25 | -0.77 | — | — |
| EPS, diluted | -1.82 | -1.56 | -0.78 | -0.25 | -0.77 | -0.13 | — |
| Shares, diluted (wtd. avg.) | 280.3M | 213.0M | 202.6M | 197.7M | 137.6M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.03B | $54.4M | $38.1M | $46.4M | $399.0M | $36.1M | $59.5M |
| Short-term investments | $1.36B | $285.9M | $319.8M | $311.4M | $123.4M | $0 | — |
| Receivables | $66.5M | $10.2M | $11.5M | $3.3M | $707.0K | $390.0K | — |
| Inventory | $10.3M | $0 | — | — | — | — | — |
| Total current assets | $2.59B | $378.8M | $390.0M | $371.6M | $529.6M | $38.6M | — |
| Property, plant and equipment | $120.1M | $52.8M | $37.5M | $26.0M | $18.9M | $12.0M | — |
| Goodwill | $1.96B | $9.9M | $742.0K | $742.0K | $0 | — | — |
| Other intangibles | $767.4M | $29.5M | $15.1M | $8.9M | $5.8M | $2.7M | — |
| Total assets | $6.57B | $508.4M | $553.6M | $598.0M | $642.0M | $60.5M | — |
| Accounts payable | $26.1M | $5.2M | $5.6M | $3.1M | $1.9M | $538.0K | — |
| Total current liabilities | $166.8M | $36.1M | $37.2M | $20.2M | $9.7M | $1.9M | — |
| Total liabilities | $2.76B | $124.5M | $68.6M | $29.8M | $50.8M | $6.8M | — |
| Retained earnings | -$1.19B | -$683.7M | -$352.1M | -$194.3M | -$145.8M | -$39.6M | — |
| Total equity | $3.80B | $383.9M | $485.0M | $568.2M | $591.2M | $53.7M | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$283.2M | -$105.7M | -$78.8M | -$44.7M | -$26.5M | -$12.0M | — |
| Depreciation and amortisation | $29.2M | $13.0M | $7.2M | $4.0M | $1.7M | $1.1M | — |
| Stock-based compensation | $312.0M | $106.9M | $69.7M | $31.5M | $7.7M | $1.2M | — |
| Capital expenditure | $16.4M | $18.0M | $13.7M | $9.3M | $7.8M | $10.0M | — |
| Investing cash flow | -$2.10B | $82.7M | $68.8M | -$309.1M | -$213.8M | -$11.7M | — |
| Financing cash flow | $3.36B | $41.7M | $1.8M | $1.1M | $603.2M | $276.0K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-197487.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $0 | $2.1M | $11.1M | $22.0M | $43.1M | $130.0M |
| Gross profit | — | — | — | — | — | — | — |
| Net income | — | -$15.4M | -$106.0M | -$49.0M | -$158.0M | -$332.0M | -$510.0M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Other event Item 8.01
- Other event Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Other event Item 8.01
- Officer or director change Item 5.02
- Unregistered share sale Item 3.02
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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