IONQ

Company Overview — What Does IonQ, Inc. Do?

IonQ, Inc. engages in the development of general-purpose quantum computing systems. It sells access to quantum computers with 20 qubits. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services' (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service. IonQ, Inc. was founded in 2015 and is headquartered in College Park, Maryland. IonQ, Inc. (IONQ) is classified as a large-cap stock in the Technology sector, specifically within the Computer Software industry. The company is led by CEO Peter Chapman and employs approximately 100 people. With a market capitalization of $10.2B, IONQ is one of the prominent companies in the Technology sector.

IonQ, Inc. (IONQ) Stock Rating — Avoid (April 2026)

As of April 2026, IonQ, Inc. receives a Avoid rating with a composite score of 28.6/100 and 1 out of 5 stars from the Blank Capital Research quantitative model.IONQ ranks #4,083 out of 4,446 stocks in our coverage universe. Within the Technology sector, IonQ, Inc. ranks #520 of 584 stocks, placing it in the lower half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

IONQ Stock Price and 52-Week Range

IonQ, Inc. (IONQ) currently trades at $28.87. The stock gained $0.79 (2.8%) in the most recent trading session. The 52-week high for IONQ is $84.64, which means the stock is currently trading -65.9% from its annual peak. The 52-week low is $18.81, putting the stock 53.5% above its annual trough. Recent trading volume was 13.0M shares, indicating strong institutional interest and high liquidity.

Is IONQ Overvalued or Undervalued? — Valuation Analysis

IonQ, Inc. (IONQ) carries a value factor score of 27/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 2.74x, versus the sector average of 3.16x. The price-to-sales ratio is 129.72x, compared to 1.06x for the average Technology stock.

At current multiples, IonQ, Inc. trades at a premium to most Technology peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

IonQ, Inc. Profitability — ROE, Margins, and Quality Score

IonQ, Inc. (IONQ) earns a quality factor score of 23/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -34.6%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -20.1% versus the sector average of -1.0%.

On a margin basis, IonQ, Inc. reports gross margins of 47.0%, compared to 50.9% for the sector. The operating margin is -657.1% (sector: -0.5%). Net profit margin stands at -1088.9%, versus -1.5% for the average Technology stock. Revenue growth is running at 250.3% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

IONQ Debt, Balance Sheet, and Financial Health

IonQ, Inc. has a debt-to-equity ratio of 72.0%, compared to the Technology sector average of 43.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 15.50x, indicating strong short-term liquidity. Total debt on the balance sheet is $0. Cash and equivalents stand at $346M.

IONQ has a beta of 2.34, meaning it is more volatile than the broader market — a $10,000 investment in IONQ would be expected to move 134.1% more than the S&P 500 on any given day. The stability factor score for IonQ, Inc. is 21/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

IonQ, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, IonQ, Inc. reported revenue of $81M and earnings per share (EPS) of $-1.82. Net income for the quarter was $-1.32B. Gross margin was 47.0%. Operating income came in at $-458M.

In FY 2025, IonQ, Inc. reported revenue of $130M and earnings per share (EPS) of $-1.82. Net income for the quarter was $-512M. Revenue grew 201.9% year-over-year compared to FY 2024. Operating income came in at $-634M.

In Q3 2025, IonQ, Inc. reported revenue of $40M and earnings per share (EPS) of $-3.58. Net income for the quarter was $-1.06B. Revenue grew 221.5% year-over-year compared to Q3 2024. Operating income came in at $-169M.

In Q2 2025, IonQ, Inc. reported revenue of $21M and earnings per share (EPS) of $-0.70. Net income for the quarter was $-178M. Revenue grew 81.8% year-over-year compared to Q2 2024. Operating income came in at $-161M.

Over the past 8 quarters, IonQ, Inc. has demonstrated a growth trajectory, with revenue expanding from $11M to $81M. Investors analyzing IONQ stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

IONQ Dividend Yield and Income Analysis

IonQ, Inc. (IONQ) does not currently pay a dividend. This is common among growth-oriented companies in the Computer Software industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.

IONQ Momentum and Technical Analysis Profile

IonQ, Inc. (IONQ) has a momentum factor score of 40/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 21/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 36/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

IONQ vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, IonQ, Inc. (IONQ) ranks #520 out of 584 stocks based on the Blank Capital composite score. This places IONQ in the lower half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.

Comparing IONQ against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full IONQ vs S&P 500 (SPY) comparison to assess how IonQ, Inc. stacks up against the broader market across all factor dimensions.

IONQ Next Earnings Date

No upcoming earnings date has been announced for IonQ, Inc. (IONQ) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy IONQ? — Investment Thesis Summary

The quantitative profile for IonQ, Inc. suggests caution. The quality score of 23/100 flags below-average profitability. The value score of 27/100 indicates premium valuation. High volatility (stability score 21/100) increases portfolio risk.

In summary, IonQ, Inc. (IONQ) earns a Avoid rating with a composite score of 28.6/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on IONQ stock.

Related Resources for IONQ Investors

Explore more research and tools: IONQ vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare IONQ head-to-head with peers: IONQ vs IHS, IONQ vs VRSN, IONQ vs ESE.