Stock Analysis
IonQ, Inc.IONQ
Sector: Technology · Industry: Services-Computer Integrated Systems Design
AnalystsStrong Buy20 analystsPrice is 10% of the way from the year's low to its high.
Cash covers 2401% of debt · Q1 2024.
PMP Verdict
Cheap for a reason — weak fundamentals
Risks
- Profitability0
- Quality5
Cheap for a reason — fundamentals remain weak.
Market context
-8.9% today· Z 1.8σ
Bull Case
- ✓Revenue CAGR 180.5% — durable top-line growth
What's happening with IONQ
Profile
profitability, moat, earnings quality, valuation, growth and financial health lag behind.
How is each axis scored?
- Valuation20/100 · Weak
- P/E vs own history (n/a)10/25
- FCF yield (-3.8%)0/25
- P/S (51.6x)0/25
- EV/EBIT (n/a)10/25
- Growth25/100 · Weak
- Revenue CAGR (180.5%)25/25
- Net income CAGR (n/a)0/25
- EPS CAGR 5Y (n/a)0/25
- Fwd implied growth (n/a)0/25
- Profitability0/100 · Weak
- ROIC (-56.5%)0/25
- ROE (-35.9%)0/25
- Net margin (-553.3%)0/25
- Operating margin (-408.2%)0/25
- Financial Health35/100 · Weak
- Altman Z (1.81)10/25
- Current ratio (15.50)25/25
- Interest coverage (-23.9x)0/25
- Net cash / debt (n/a)0/25
- Quality5/100 · Weak
- Piotroski F (3/9)5/25
- Beneish M (1.50)0/25
- FCF conversion (n/a)0/25
- Margin stability (σ 1224.2%)0/25
- Moat0/100 · Weak
- ROIC >12% years (0/5 yrs)0/25
- Median gross margin (n/a)0/25
- FCF-positive years (0/5 yrs)0/25
- Worst-year net margin (worst -5058.9%)0/25
Risk Flags
- ⚠Beneish M 1.50 — earnings-manipulation flag
- ⚠Negative FCF margin (-2.0%) — burning cash
- ⚠SBC 182.6% of revenue — real dilution cost
- ⚠5 loss-making years in recent history
- ⚠Interest coverage -23.9× — thin debt cushion
About IonQ, Inc.
IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. Show more
The company currently makes access to its quantum computers available via cloud platforms and also to select customers via its own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (QCaaS). The company derives its revenue from its quantum-computing-as-a-service arrangements, consulting services related to co-developing algorithms on company's quantum computing systems and contracts associated with the design, development, and construction of specialized quantum computing systems together with related services.
Headquarters: COLLEGE PARK, MD · Employees: 1,132 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
20EP/E (TTM)—
Price / TTM EPS (own statements)
P/FCF—
Price / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield-3.8%D
Grade D: NegativeTTM (OCF − CapEx) / Market Cap — vs own 5Y history: -8.5%–-0.2% · 30th pct
P/S (TTM)51.65xD
Grade D: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 44.2x–24969.5x · 3rd pct
EV/EBITDA—
Enterprise value / EBITDA (Finnhub) — capital-structure neutral
EV/Sales71.7xD
Grade D: Very expensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E—
Price / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio3.35xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio-0.06A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield—
TTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio—
Dividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
0EROIC-56.5%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE-35.9%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA6.9%C
Grade C: AverageReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin-553.3%D
Grade D: LowNet Income / Revenue
Operating Margin-408.2%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin30.9%C
Grade C: AverageGross Profit / Revenue
FCF Margin-196.3%D
Grade D: LowFCF / Revenue
True FCF Margin-378.9%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
25ERevenue CAGR180.5%A
Grade A: HighCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR—
Compound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)—
Compound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth—
Analyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)—
Share count change over 5Y
SBC / Net Income—
Stock-based comp/Net income. >30% = dilution risk
SBC / Revenue182.6%D
Grade D: HighTTM stock-based comp / TTM Revenue
Financial Health
35DAltman Z-Score1.81C
Grade C: Gray zoneBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio15.50xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio13.32xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage-23.9xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt Repayment—
Years to repay net debt via FCF
Net Debt/EBIT—
Leverage. <2x Low, >4x High
Debt/Equity0.00xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt—
Cash covers how much of total debt. >1 = could repay all debt from cash
Quality
5EPiotroski F-Score3/9D
Grade D: WeakFinancial strength 0–9. >7 Strong
Beneish M-Score1.50D
Grade D: RiskyEarnings manipulation risk. < -2.22 Safe
FCF Conversion—
FCF / Net Income
Margin Stability1224.2%D
Grade D: VolatileEBIT margin std deviation. Lower = stable
Capex / Revenue12.8%C
Grade C: AverageTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.04xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Singh Inder M Filed | Singh Inder M | Tax withholding | -6272 | |
de Masi Niccolo Filed | de Masi Niccolo | Tax withholding | -16121 | |
DACIER PAUL T Filed | DACIER PAUL T | Tax withholding | -4457 | |
Raymond John w Filed | Raymond John w | SellOpen market sale | -2407 | |
Baxter Timothy E Filed | Baxter Timothy E | Grant / award | +5.5K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Ball Eric R. Filed | Ball Eric R. | Grant / award | +5.5K | |
Chou Kathryn K. Filed | Chou Kathryn K. | SellOpen market sale | -2757 | |
Raymond John w Filed | Raymond John w | SellOpen market sale | -3815 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
0EROIC >12% Years0/5 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)—
Median annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years0/5 yrsD
Grade D: WeakShare of completed fiscal years with positive free cash flow
Net Margin Floor-5058.9%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)—
TTM net income per share (Finnhub fallback)
Cash / Share$5.45
Cash & short-term investments per share (Finnhub)
Book Value / Share$13.33
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt—
Total debt obligations (short + long term)
Cash & Equiv.$2.39B
Cash and short-term investments
Net Debt—
Total Debt minus Cash. Negative = Net Cash position
Total Equity$3.80B
Shareholders' equity (book value)
Asset / Liability2.38xA
Grade A: SolidTotal Assets / Total Liabilities
Market
Market Cap$12.73B
Current Market Capitalization
Beta3.42D
Grade D: High volatilityPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: IonQ, Inc. (IONQ)
IONQ is down 8.94% at the last close. IonQ, Inc. meets only 3 of 9 Piotroski F-Score criteria — a sign of weak underlying fundamentals. Altman Z-Score of 1.81 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of 1.50 is above the −1.78 flag threshold, a signal that reported earnings warrant closer scrutiny. Revenue has compounded at roughly 181% annually — a strong growth profile.
- Free-cash-flow margin is negative (-196%) — the business currently burns cash.
- Interest coverage of -23.9× leaves little room for earnings shocks.
- IonQ, Inc. posted a net loss in 5 of 5 available completed fiscal years (2021–2025).
- At a valuation score of 20/100, IONQ trades at a premium to its historical multiples.
See how IONQ ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all IONQ moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 15 | Regular | 34.06 | +8.39% | 2.37 |
| Oct 15 | After-hours | 33.94 | +8.02% | 2.29 |
| Oct 14 | Regular | 31.29 | -9.90% | -2.49 |
| Oct 14 | After-hours | 31.07 | -10.54% | -2.67 |
| Oct 12 | Regular | 36.23 | -9.18% | -2.96 |
Frequently Asked Questions about IONQ
What is the current IonQ, Inc. (IONQ) stock price?
IONQ is trading at $31.28 at the last market close, down 8.94% on the session. PreMarketPrice tracks IONQ pre-market, intraday and after-hours prices.
Is IONQ stock a buy right now?
PreMarketPrice's quantitative model rates IonQ, Inc.'s financial health at 35/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is IONQ stock overvalued?
IonQ, Inc. trades at a trailing P/E of n/a and our valuation score rates it 20/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does IonQ, Inc. report earnings?
No confirmed earnings date is currently scheduled for IONQ. The Earnings section lists recent reports and updates as dates are announced.
What sector does IonQ, Inc. operate in?
IonQ, Inc. operates in the Technology sector, within the Services-Computer Integrated Systems Design industry. The Related Stocks section lists sector peers for comparison.
What does IonQ, Inc. do?
IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities.
About IonQ, Inc. (IONQ) Stock
IonQ, Inc. (IONQ) is a US-listed stock operating in the Technology sector, specifically the Services-Computer Integrated Systems Design industry. As of the latest update, IonQ, Inc. is trading at $31.28, down 8.94% on the day with a market capitalization of $12.7 billion. The financial health score for IONQ is 35/100, which indicates weak financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for IONQ stock.
IONQ Stock Analysis & Key Metrics
On PreMarketPrice, you can track IonQ, Inc. (IONQ) across multiple dimensions:
- Pre-market price & movement: Real-time IONQ stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for IONQ with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for IonQ, Inc. across multiple reporting periods.
- Financial health score: A composite score of 35/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for IONQ.
- Sector peers: Compare IONQ against 6 other technology stocks on key financial metrics.
Is IONQ a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate IonQ, Inc. (IONQ) as an investment. The financial health score of 35/100 suggests weak financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.IonQ, Inc. (IONQ) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.