← Back to Index ← Back to Portfolios Overview

IONQ

Updated: Mar 12, 2026 11:30 AM

IONQ Inc

Market Cap: $16.08B P/S: 403x Ownership — Insider: 2.5% | Institutional: 41.8% | Retail: 55.7% TECHNOLOGY COMPUTER HARDWARE

None

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        6/6 dates (100%)
  ✅ grossProfit                         6/6 dates (100%)
  ✅ netIncome                           6/6 dates (100%)

Plot for IONQ (in M)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -331.65M                  -165.82M                    0.00M                    165.82M                   331.65M
               |                         |                         |                         |                         |

  2019-12-31 |                                                    █|  -8.94M
  2020-12-31 |                                                   ██|  -15.42M
  2021-12-31 |                                    █████████████████|  -106.19M
  2022-12-31 |                                             ████████|█  -48.51M
  2023-12-31 |                            █████████████████████████|██  -157.77M
  2024-12-31 | ████████████████████████████████████████████████████|██████  -331.65M

               |                         |                         |                         |                         |
               -331.65M                  -165.82M                    0.00M                    165.82M                   331.65M

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              6/6 dates (100%)
  ✅ sellingGeneralAndAdministrative     6/6 dates (100%)
  ✅ costofGoodsAndServicesSold          6/6 dates (100%)

Plot for IONQ (in M)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                    34.21M                    68.41M                    102.62M                   136.83M
               |                         |                         |                         |                         |

  2019-12-31 | █████ 6.89M
  2020-12-31 | ████████ 10.16M
  2021-12-31 | ███████████████ 20.23M
  2022-12-31 | █████████████████████████████████ 43.98M
  2023-12-31 | ██████████████████████████████████████████████████████████████████████ 92.32M
  2024-12-31 | ████████████████████████████████████████████████████████████████████████████████████████████████████████ 136.83M

               |                         |                         |                         |                         |
               0.00M                    34.21M                    68.41M                    102.62M                   136.83M

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         6/6 dates (100%)
  ✅ shortLongTermDebtTotal              6/6 dates (100%)
  ✅ operatingCashflow                   6/6 dates (100%)

Plot for IONQ (in M)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -399.02M                  -199.51M                    0.00M                    199.51M                   399.02M
               |                         |                         |                         |                         |

  2019-12-31 |                                                    █|███████  59.53M
  2020-12-31 |                                                   ██|████  36.12M
  2021-12-31 |                                                  ███|███████████████████████████████████████████████████ 399.02M
  2022-12-31 |                                               ██████|█████  -44.70M
  2023-12-31 |                                           ██████████|████  -78.81M
  2024-12-31 |                                       ██████████████|██████  -105.68M

               |                         |                         |                         |                         |
               -399.02M                  -199.51M                    0.00M                    199.51M                   399.02M

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   6/6 dates (100%)
  ✅ capitalExpenditures                 6/6 dates (100%)

Plot for IONQ (in M)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -105.68M                   -52.84M                    0.00M                    52.84M                    105.68M
               |                         |                         |                         |                         |

  2019-12-31 |                                                 ████|  -7.72M
  2020-12-31 |                                               ██████|█████  -12.01M
  2021-12-31 |                                        █████████████|████  -26.54M
  2022-12-31 |                               ██████████████████████|█████  -44.70M
  2023-12-31 |              ███████████████████████████████████████|█████████  -78.81M
  2024-12-31 | ████████████████████████████████████████████████████|███████████  -105.68M

               |                         |                         |                         |                         |
               -105.68M                   -52.84M                    0.00M                    52.84M                    105.68M

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         6/6 dates (100%)
  ✅ totalLiabilities                    6/6 dates (100%)
  ✅ totalShareholderEquity              6/6 dates (100%)

Plot for IONQ (in M)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00M                    160.51M                   321.01M                   481.52M                   642.03M
               |                         |                         |                         |                         |

  2019-12-31 | ███████████ 65.34M
  2020-12-31 | ██████████ 60.48M
  2021-12-31 | ████████████████████████████████████████████████████████████████████████████████████████████████████████ 642.03M
  2022-12-31 | █████████████████████████████████████████████████████████████████████████████████████████████████ 597.99M
  2023-12-31 | ██████████████████████████████████████████████████████████████████████████████████████████ 553.58M
  2024-12-31 | ██████████████████████████████████████████████████████████████████████████████████ 508.39M

               |                         |                         |                         |                         |
               0.00M                    160.51M                   321.01M                   481.52M                   642.03M

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           6/6 dates (100%)
  ✅ shortLongTermDebtTotal              6/6 dates (100%)
  ✅ totalShareholderEquity              6/6 dates (100%)

Plot for IONQ (in M)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -591.23M                  -295.62M                    0.00M                    295.62M                   591.23M
               |                         |                         |                         |                         |

  2019-12-31 |                                                    █|█████  63.99M
  2020-12-31 |                                                    █|████  53.70M
  2021-12-31 |                                            █████████|███████████████████████████████████████████████████ 591.23M
  2022-12-31 |                                                 ████|█████████████████████████████████████████████████  568.21M
  2023-12-31 |                                       ██████████████|██████████████████████████████████████████  484.99M
  2024-12-31 |                        █████████████████████████████|█████████████████████████████████  383.86M

               |                         |                         |                         |                         |
               -591.23M                  -295.62M                    0.00M                    295.62M                   591.23M

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ⚠️  totalRevenue                        20/23 dates (87%)
  ⚠️  grossProfit                         21/23 dates (91%)
  ✅ netIncome                           23/23 dates (100%)

Plot for IONQ (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -1.05B                    -0.53B                     0.00B                     0.53B                     1.05B
               |                         |                         |                         |                         |

  2020-03-31 |                                                    █| -0.00B ⊗⊗
  2020-06-30 |                                                    █| -0.00B ⊗⊗
  2020-09-30 |                                                    █| -0.00B
  2020-12-31 |                                                    █| -0.00B ⊗
  2021-03-31 |                                                    █|  -0.01B
  2021-06-30 |                                                    █|  -0.01B
  2021-09-30 |                                                    █|  -0.01B
  2021-12-31 |                                                 ████|  -0.07B
  2022-03-31 |                                                    █|  -0.00B
  2022-06-30 |                                                    █|  0.00B
  2022-09-30 |                                                    █|  -0.02B
  2022-12-31 |                                                    █|  -0.02B
  2023-03-31 |                                                    █|  -0.03B
  2023-06-30 |                                                   ██|  -0.04B
  2023-09-30 |                                                   ██|  -0.04B
  2023-12-31 |                                                   ██|  -0.04B
  2024-03-31 |                                                   ██|  -0.04B
  2024-06-30 |                                                   ██|  -0.04B
  2024-09-30 |                                                  ███|  -0.05B
  2024-12-31 |                                           ██████████|  -0.20B
  2025-03-31 |                                                   ██|  -0.03B
  2025-06-30 |                                            █████████|  -0.18B
  2025-09-30 | ████████████████████████████████████████████████████|█  -1.05B

               |                         |                         |                         |                         |
               -1.05B                    -0.53B                     0.00B                     0.53B                     1.05B

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              23/23 dates (100%)
  ✅ sellingGeneralAndAdministrative     23/23 dates (100%)
  ⚠️  costofGoodsAndServicesSold          21/23 dates (91%)

Plot for IONQ (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                    25.84M                    51.68M                    77.52M                    103.36M
               |                         |                         |                         |                         |

  2020-03-31 | ███ 2.64M ⊗
  2020-06-30 | ███ 2.70M ⊗
  2020-09-30 | ██ 2.34M
  2020-12-31 | ███ 2.51M
  2021-03-31 | ████ 3.65M
  2021-06-30 | ██████ 5.48M
  2021-09-30 | ██████ 6.18M
  2021-12-31 | █████ 5.42M
  2022-03-31 | █████████ 9.19M
  2022-06-30 | ██████████ 9.65M
  2022-09-30 | █████████████ 13.29M
  2022-12-31 | ██████████████ 13.70M
  2023-03-31 | ████████████████ 16.23M
  2023-06-30 | ████████████████████ 19.87M
  2023-09-30 | █████████████████████████ 24.60M
  2023-12-31 | ████████████████████████████████ 31.62M
  2024-03-31 | █████████████████████████████████ 32.37M
  2024-06-30 | ███████████████████████████████ 31.20M
  2024-09-30 | █████████████████████████████████ 33.18M
  2024-12-31 | ████████████████████████████████████████ 40.08M
  2025-03-31 | ████████████████████████████████████████ 39.95M
  2025-06-30 | ████████████████████████████████████████████████████████████████████████████████████████████████████████ 103.36M
  2025-09-30 | ███████████████████████████████████████████████████████████████████████████████████ 82.50M

               |                         |                         |                         |                         |
               0.00M                    25.84M                    51.68M                    77.52M                    103.36M

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ⚠️  cashAndShortTermInvestments         21/23 dates (91%)
  ⚠️  shortLongTermDebtTotal              20/23 dates (87%)
  ✅ operatingCashflow                   23/23 dates (100%)

Plot for IONQ (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -587.29M                  -293.65M                    0.00M                    293.65M                   587.29M
               |                         |                         |                         |                         |

  2020-03-31 |                                                █████| -59.53M ⊗
  2020-06-30 |                                                    █| -3.66M ⊗⊗
  2020-09-30 |                                                    █| -2.34M ⊗⊗
  2020-12-31 |                                                    █|██  36.12M
  2021-03-31 |                                                    █|██  35.43M
  2021-06-30 |                                                    █|█  27.69M
  2021-09-30 |                                                    █|███████████████████████████████████████████████████ 587.29M
  2021-12-31 |                                                    █|██████████████████████████████████  399.02M
  2022-03-31 |                                                    █|███████  86.75M
  2022-06-30 |                                                    █|███  43.97M
  2022-09-30 |                                                    █|████  57.20M
  2022-12-31 |                                                    █|███  44.37M
  2023-03-31 |                                                    █|████  51.90M
  2023-06-30 |                                                    █|  -16.09M
  2023-09-30 |                                                   ██|██  37.14M
  2023-12-31 |                                                   ██|██  35.66M
  2024-03-31 |                                                   ██|████  60.07M
  2024-06-30 |                                                   ██|███  41.75M
  2024-09-30 |                                                   ██|██  30.17M
  2024-12-31 |                                                  ███|████  54.39M
  2025-03-31 |                                                  ███|█████████████  159.68M
  2025-06-30 |                                                █████|███████████  140.07M
  2025-09-30 |                                          ███████████|██████████████████████████████  346.03M

               |                         |                         |                         |                         |
               -587.29M                  -293.65M                    0.00M                    293.65M                   587.29M

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   23/23 dates (100%)
  ✅ capitalExpenditures                 23/23 dates (100%)

Plot for IONQ (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -123.08M                   -61.54M                    0.00M                    61.54M                    123.08M
               |                         |                         |                         |                         |

  2020-03-31 |                                                    █|  3.48M
  2020-06-30 |                                                   ██|  -3.66M
  2020-09-30 |                                                    █|  -2.34M
  2020-12-31 |                                                   ██|  -3.69M
  2021-03-31 |                                                   ██|  -3.90M
  2021-06-30 |                                                  ███|  -5.92M
  2021-09-30 |                                                █████|  -12.03M
  2021-12-31 |                                                   ██|  -4.69M
  2022-03-31 |                                                 ████|  -8.32M
  2022-06-30 |                                                 ████|█  -8.61M
  2022-09-30 |                                                █████|  -12.86M
  2022-12-31 |                                               ██████|  -14.91M
  2023-03-31 |                                               ██████|  -13.81M
  2023-06-30 |                                              ███████|  -16.09M
  2023-09-30 |                                            █████████|█  -22.28M
  2023-12-31 |                                          ███████████|███  -26.63M
  2024-03-31 |                                            █████████|█  -20.46M
  2024-06-30 |                                          ███████████|███  -26.58M
  2024-09-30 |                                             ████████|█  -19.21M
  2024-12-31 |                                    █████████████████|█  -39.43M
  2025-03-31 |                                       ██████████████|  -33.02M
  2025-06-30 |                               ██████████████████████|  -52.57M
  2025-09-30 | ████████████████████████████████████████████████████|█  -123.08M

               |                         |                         |                         |                         |
               -123.08M                   -61.54M                    0.00M                    61.54M                    123.08M

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ⚠️  totalAssets                         20/23 dates (87%)
  ⚠️  totalLiabilities                    20/23 dates (87%)
  ⚠️  totalShareholderEquity              21/23 dates (91%)

Plot for IONQ (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                     1.08B                     2.16B                     3.24B                     4.32B
               |                         |                         |                         |                         |

  2020-03-31 | ██ 0.06B ⊗⊗
  2020-12-31 | █ 0.06B
  2021-03-31 | ██ 0.06B
  2021-06-30 | █ 0.06B
  2021-09-30 | ███████████████ 0.63B
  2021-12-31 | ███████████████ 0.64B
  2022-03-31 | ███████████████ 0.63B
  2022-06-30 | ███████████████ 0.62B
  2022-09-30 | ███████████████ 0.61B
  2022-12-31 | ██████████████ 0.60B
  2023-03-31 | ██████████████ 0.59B
  2023-06-30 | ██████████████ 0.58B
  2023-09-30 | ██████████████ 0.57B
  2023-12-31 | █████████████ 0.55B
  2024-03-31 | █████████████ 0.54B
  2024-06-30 | ████████████ 0.52B
  2024-09-30 | ████████████ 0.50B
  2024-12-31 | ████████████ 0.51B
  2025-03-31 | ████████████████████ 0.85B
  2025-06-30 | ████████████████████████████████ 1.35B
  2025-09-30 | ████████████████████████████████████████████████████████████████████████████████████████████████████████ 4.32B

               |                         |                         |                         |                         |
               0.00B                     1.08B                     2.16B                     3.24B                     4.32B

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           23/23 dates (100%)
  ⚠️  shortLongTermDebtTotal              20/23 dates (87%)
  ⚠️  totalShareholderEquity              21/23 dates (91%)

Plot for IONQ (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -2.27B                    -1.14B                     0.00B                     1.14B                     2.27B
               |                         |                         |                         |                         |

  2020-03-31 |                                                    █|  0.06B ⊗
  2020-06-30 |                                                    █| -0.00B ⊗⊗
  2020-09-30 |                                                    █| -0.00B ⊗⊗
  2020-12-31 |                                                    █|  0.05B
  2021-03-31 |                                                    █|  0.05B
  2021-06-30 |                                                    █|  0.04B
  2021-09-30 |                                                    █|████████████  0.56B
  2021-12-31 |                                                   ██|█████████████  0.59B
  2022-03-31 |                                                    █|████████████  0.59B
  2022-06-30 |                                                    █|█████████████  0.59B
  2022-09-30 |                                                    █|████████████  0.58B
  2022-12-31 |                                                    █|████████████  0.57B
  2023-03-31 |                                                    █|████████████  0.55B
  2023-06-30 |                                                    █|███████████  0.52B
  2023-09-30 |                                                    █|██████████  0.50B
  2023-12-31 |                                                    █|██████████  0.48B
  2024-03-31 |                                                    █|██████████  0.48B
  2024-06-30 |                                                    █|██████████  0.46B
  2024-09-30 |                                                    █|█████████  0.44B
  2024-12-31 |                                                █████|████████  0.38B
  2025-03-31 |                                                    █|████████████████  0.77B
  2025-06-30 |                                                 ████|██████████████████████████  1.16B
  2025-09-30 |                             ████████████████████████|███████████████████████████████████████████████████ 2.27B

               |                         |                         |                         |                         |
               -2.27B                    -1.14B                     0.00B                     1.14B                     2.27B

Price History

Volume

Advanced Chart