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NYSE · SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN · LARGE CAP

IonQ, Inc. IONQ

6 fiscal years on record · USD · FY2025 reported · SEC filings only
$130.0M
▲ 201.9% YoY
$-510.4M
$-299.6M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

IonQ, Inc. sells specialized quantum computing hardware, together with complementary quantum networking, quantum sensing and quantum security products and associated maintenance and support. It makes access to its quantum computers available through three major cloud platforms, AWS's Braket, Microsoft's Azure Quantum and Google's Cloud Marketplace, and also to select customers through its own cloud service. Through a network of satellites, it also offers data-as-a-service products to customers, including synthetic-aperture radar imaging. It builds networks that connect computers, quantum or classical, to each other, and devices that transmit information encoded in photons across satellite and fiber optic cable infrastructure. As of December 31, 2025, it had a team of 1,132 quantum hardware and software developers, engineers and general and administrative staff. IonQ, Inc., formerly known as dMY Technology Group, Inc. III, was incorporated in the state of Delaware in September 2020 as a special purpose acquisition company, and its wholly owned subsidiary, IonQ Quantum, Inc., formerly known as IonQ, Inc., was incorporated in the state of Delaware in September 2015. On September 30, 2021, Legacy IonQ was acquired by dMY in a de-SPAC transaction, at which time dMY changed its name to IonQ, Inc. and Legacy IonQ changed its name to IonQ Quantum, Inc.

Written from the business description in IonQ, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth

USD 130.0M
Revenue, FY2025 · full 6-year series below
Revenue $M Net income $M
FY2025 · Revenue 130.0 · Net income -510.4
50M100M-200M-400M
202020232025
Compound annual growth
+126.9%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−394 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -487.4% · Net -393.9%
-500%-1000%-1500%
202020222025
ROE
FY2025 · ROE -24.4%
-20%-40%-60%
202020222025
Three returns, three denominators.
Gross margin40.4%
Operating margin-487.4%
Net margin-393.9%
EBITDAUSD -604.5M

Each USD of equity lost 24 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -299.6
-150M-300M
202020222025

Total assetsUSD 6.6B
EquityUSD 3.8B
CashUSD 1.0B
Current ratio15.50×

Equity funds 58% of total assets.

The 6-year record

6 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
IONQ, 6-year financial record
Metric 202520242023202220212020
Revenue $B0.10.00.00.00.00.0
Operating income $B−0.6−0.2−0.2−0.1−0.0−0.0
EBITDA $B−0.6−0.2−0.2−0.1−0.0−0.0
Income tax $B−0.00.00.00.00.00.0
Net income $B−0.5−0.3−0.2−0.0−0.1−0.0
Free cash flow $B−0.3−0.1−0.1−0.1−0.0−0.0
EPS, diluted $−1.82−1.56−0.78−0.25−0.77−0.13
Dividend / sh $◌◌◌◌◌◌
Payout % — not applicable: no dividend——————
ROE %−24.4−76.3−30.0−8.4−32.9−28.7
Shares out B0.360.220.210.200.200.12

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 24 reconciliationsAUDITED

Reconciled in 6 of the 6 fiscal years we could check. 26 checks were skipped: the balance sheet is not tagged before 2020. 13 checks were skipped: EPS is not tagged before 2020. 13 checks were skipped: revenue is not tagged before 2020.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Computer Integrated Systems Design
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2020

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