IONQ - IonQ, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$67.25
DETAILS
HIGH:
$90.00
LOW:
$48.50
MEDIAN:
$62.50
CONSENSUS:
$67.25
UPSIDE:
5.67%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 130.0 | 43.1 | 22.0 | 11.1 | 2.1 | 0 | 0.2 |
| Cost of Revenue | 77.5 | 20.6 | 8.1 | 8.5 | 3.6 | 1.4 | 0.1 |
| Gross Profit | 52.5 | 22.5 | 13.9 | 2.6 | (1.5) | (1.4) | 0.1 |
| Operating Expenses | |||||||
| R&D Expenses | 305.7 | 136.8 | 92.3 | 44.0 | 20.2 | 10.2 | 6.9 |
| SG&A Expenses | 298.5 | 99.5 | 69.0 | 44.4 | 17.0 | 4.0 | 2.2 |
| Other Expenses | 82.0 | 18.7 | 10.4 | 0 | 0 | 0.1 | 0.3 |
| Operating Expenses | 686.2 | 254.9 | 171.7 | 88.3 | 37.2 | 14.3 | 9.4 |
| Operating Income | |||||||
| Operating Income | (633.7) | (232.5) | (157.8) | (85.7) | (38.7) | (15.7) | (9.3) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 56.0 | 18.2 | 19.3 | 7.1 | 0.1 | 0 | 0 |
| Profitability | |||||||
| EBITDA | (474.7) | (213.8) | (147.4) | (42.9) | (103.6) | (14.0) | (8.9) |
| EBIT | (556.7) | (232.5) | (157.8) | (48.5) | (106.2) | (15.4) | (9.3) |
| Income Before Tax | (556.7) | (331.6) | (157.7) | (48.5) | (106.2) | (15.4) | (8.9) |
| Income Tax Expense | (44.6) | 0.1 | 0.0 | 0 | 0 | 0 | 0 |
| Net Income | (510.4) | (331.6) | (157.8) | (48.5) | (106.2) | (15.4) | (8.9) |
| Per Share Data | |||||||
| EPS (Basic) | -1.82 | -1.56 | -0.78 | -0.25 | -0.55 | -0.08 | -2.24 |
| EPS (Diluted) | -1.82 | -1.56 | -0.78 | -0.25 | -0.55 | -0.08 | -2.24 |
| Shares Outstanding | 280.3 | 213.0 | 202.6 | 197.7 | 192.3 | 192.5 | 4.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 1,030.9 | 54.4 | 35.7 | 44.4 | 399.0 | 36.1 | 59.5 |
| Short-Term Investments | 1,361.3 | 285.9 | 319.8 | 311.4 | 123.4 | 0 | 0 |
| Net Receivables | 66.5 | 12.4 | 13.6 | 3.3 | 0.7 | 0.4 | 0.1 |
| Inventory | 0 | 18.7 | 12.5 | 5.2 | 0 | 0 | 0 |
| Other Current Assets | 127.8 | 2.6 | 2.8 | 3.4 | 0 | 0 | 0 |
| Total Current Assets | 2,586.4 | 378.8 | 390.0 | 371.6 | 529.6 | 38.6 | 60.4 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 142.9 | 62.2 | 42.1 | 29.8 | 22.9 | 16.3 | 3.6 |
| Goodwill | 1,963.6 | 9.9 | 0.7 | 0.7 | 0 | 0 | 0 |
| Intangible Assets | 767.4 | 29.5 | 15.1 | 8.9 | 5.8 | 2.7 | 1.3 |
| Long-Term Investments | 944.6 | 23.5 | 100.5 | 182.0 | 80.1 | 0 | 0 |
| Other Non-Current Assets | 165.4 | 4.4 | 5.2 | 4.9 | 3.6 | 2.9 | 0.0 |
| Total Non-Current Assets | 3,983.9 | 129.6 | 163.6 | 226.4 | 112.4 | 21.9 | 4.9 |
| Total Assets | 6,570.4 | 508.4 | 553.6 | 598.0 | 642.0 | 60.5 | 65.3 |
| Current Liabilities | |||||||
| Account Payables | 26.1 | 5.2 | 5.6 | 3.1 | 1.9 | 0.5 | 0.4 |
| Short-Term Debt | 8.8 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 42.1 | 10.7 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 89.7 | 0.4 | 12.6 | 9.9 | 4.6 | 0.2 | 0 |
| Total Current Liabilities | 166.8 | 36.1 | 37.2 | 20.2 | 9.7 | 1.9 | 0.8 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 21.2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2,568.7 | 74.1 | 23.6 | 5.0 | 35.9 | 0 | 0 |
| Total Non-Current Liabilities | 2,589.8 | 88.4 | 31.4 | 9.6 | 41.1 | 4.9 | 0.6 |
| Total Liabilities | 2,756.7 | 124.5 | 68.6 | 29.8 | 50.8 | 6.8 | 1.4 |
| Stockholders' Equity | |||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (1,194.1) | (683.7) | (352.1) | (194.3) | (145.8) | (39.6) | (24.2) |
| Accumulated Other Comprehensive Income | (12.7) | 0.2 | (2.0) | (7.4) | (0.1) | 0 | 0 |
| Total Stockholders' Equity | 3,799.5 | 383.9 | 485.0 | 568.2 | 591.2 | 53.7 | 64.0 |
| Total Liabilities & Equity | 6,570.4 | 508.4 | 553.6 | 598.0 | 642.0 | 60.5 | 65.3 |
| Debt Metrics | |||||||
| Total Debt | 30.0 | 17.7 | 8.1 | 4.0 | 4.2 | 4.3 | 0.7 |
| Net Debt | (1,000.8) | (36.7) | (27.6) | (40.3) | (394.8) | (31.8) | (58.8) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | (601.3) | (331.6) | (157.8) | (48.5) | (106.2) | (15.4) | (8.9) |
| Depreciation & Amortization | 73.7 | 18.7 | 10.4 | 5.6 | 2.5 | 1.4 | 0.4 |
| Stock-Based Compensation | 312.0 | 106.9 | 69.7 | 31.5 | 7.7 | 1.2 | 0.9 |
| Change in Working Capital | (64.6) | (13.2) | (12.6) | (2.5) | (0.2) | 0.7 | (0.5) |
| Other Non-Cash Items | 41.9 | 113.6 | 11.5 | (30.8) | 69.6 | 0.1 | 0.4 |
| Operating Cash Flow | (283.2) | (105.7) | (78.8) | (44.7) | (26.5) | (12.0) | (7.7) |
| Investing Activities | |||||||
| Capital Expenditure | (16.4) | (23.6) | (19.5) | (12.6) | (10.0) | (11.7) | (2.4) |
| Acquisitions | 0 | (15.5) | 0 | (0.8) | 0 | 0 | 0 |
| Purchases of Investments | (2,669.3) | (296.3) | (298.4) | (605.7) | (203.8) | 0 | 0 |
| Sales/Maturities of Investments | 682.8 | 418.1 | 386.8 | 310.0 | 0 | 0 | 0 |
| Other Investing Activities | (92.2) | (5.6) | (5.8) | (3.2) | (2.2) | (1.6) | (0.9) |
| Investing Cash Flow | (2,095.1) | 82.7 | 68.8 | (309.1) | (213.8) | (11.7) | (3.3) |
| Financing Activities | |||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 46.1 | 0.2 | 1.8 | 1.1 | 603.2 | 0.3 | 62.2 |
| Financing Cash Flow | 3,358.6 | 41.7 | 1.8 | 1.1 | 603.2 | 0.3 | 62.2 |
| Cash Position | |||||||
| Net Change in Cash | 980.9 | 18.8 | (8.3) | (352.7) | 362.9 | (23.4) | 59.5 |
| Cash at Beginning | 56.8 | 38.1 | 46.4 | 399.0 | 36.1 | 59.5 | 0 |
| Cash at End | 1,037.7 | 56.8 | 38.1 | 46.4 | 399.0 | 36.1 | 59.5 |
| Free Cash Flow | (299.6) | (129.3) | (98.4) | (57.3) | (36.6) | (23.7) | (10.1) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 130.0 | 43.1 | 22.0 | 11.1 | 2.1 | 0 | 0.2 |
| Gross Profit | 52.5 | 22.5 | 13.9 | 2.6 | (1.5) | (1.4) | 0.1 |
| Operating Income | (633.7) | (232.5) | (157.8) | (85.7) | (38.7) | (15.7) | (9.3) |
| Net Income | (510.4) | (331.6) | (157.8) | (48.5) | (106.2) | (15.4) | (8.9) |
| EPS (Diluted) | -1.82 | -1.56 | -0.78 | -0.25 | -0.55 | -0.08 | -2.24 |
| Balance Sheet | |||||||
| Cash & Equivalents | 1,030.9 | 54.4 | 35.7 | 44.4 | 399.0 | 36.1 | 59.5 |
| Total Assets | 6,570.4 | 508.4 | 553.6 | 598.0 | 642.0 | 60.5 | 65.3 |
| Total Debt | 30.0 | 17.7 | 8.1 | 4.0 | 4.2 | 4.3 | 0.7 |
| Stockholders' Equity | 3,799.5 | 383.9 | 485.0 | 568.2 | 591.2 | 53.7 | 64.0 |
| Cash Flow | |||||||
| Operating Cash Flow | (283.2) | (105.7) | (78.8) | (44.7) | (26.5) | (12.0) | (7.7) |
| Capital Expenditure | (16.4) | (23.6) | (19.5) | (12.6) | (10.0) | (11.7) | (2.4) |
| Free Cash Flow | (299.6) | (129.3) | (98.4) | (57.3) | (36.6) | (23.7) | (10.1) |