Develops general-purpose quantum computing systems. Sells access to its quantum computers, currently featuring 20 qubits. Now — the numbers.
The company is still in the product-building phase: its spending runs far above its sales. That only changes once the product starts selling at scale.
Average growth of 181% a year over the last 4 years. Red columns mark years that ended in a loss.
At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.
We compared this company with its own sector across five subjects.
A score of 50 means class average.
Clearly below the class average.
The cash pile is strong; debt and other items pull the grade toward the middle.
Clearly below the class average.
Clearly below the class average.
Clearly below the class average.
Business Quality: Profit power and business quality trail similar companies in the sector.
Growth: Sales growth trails the sector average.
The stock trades 55% below its peak. The market has trimmed its expectations for the company.
Sales run at $130.0M a year. A small number, but proof the product has real buyers.
There is $2.4B in the vault; even if every debt were paid off, $2.4B would remain.
A loss of $510.4M against $130.0M in annual sales.
This stock swings about 3.3 times as much as the market average. Big rallies — and big drops — can both happen fast.
On our five-subject report card, IONQ sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”
The takeaway: IONQ is a high-risk stock — not yet profitable, and its future rides on its product catching on.
The total grade weighs these five subjects against the sector — it isn’t a simple average of the five.
Analysts’ average target sits above today’s price, yet the valuation grade (40/100) says the stock isn’t cheap.
Not covered, because the filings we hold do not carry it: the revenue breakdown.