IONQ - NYSE

IonQ, Inc.

IONQ·NYSE

$68.23

-4.4%

TechnologyComputer Hardware

IonQ, Inc. engages in the development of general-purpose quantum computing systems. It sells access to quantum computers with 20 qubits. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services' (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service. IonQ, Inc. was founded in 2015 and is headquartered in College Park, Maryland.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$25.47B

EPS-1.8200

P/E Ratio-37.49

Earnings Date08/05/2026

-283.19M

Operating Cash Flow

168%

3Y+534.0%

5Y+2259.0%

10Y+3568.0%

-2.10B

Investing Cash Flow

-2632%

3Y+578.0%

5Y+17844.0%

10Y+62590.0%

3.36B

Financing Cash Flow

7957%

3Y+306342.0%

5Y+1216785.0%

10Y+5298.0%

IonQ, Inc. Cash Conversion Engine

IONQ · NYSE

FCF Components

Net Income-601.26M

Depreciation & Amortization73.68M

Stock-Based Compensation312.03M

Change in Working Capital-64.64M

Others41.88M

Capital Expenditures-16.42M

Free Cash Flow-299.60M

Cash Flow Quality Analysis

FCF Conversion Rate

49.8%

Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.

CapEx Intensity

-5.8%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-131.8%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$64.64M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

IonQ, Inc. Cash Flow Statement

IONQ • NYSE

IonQ, Inc. Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
OPERATING ACTIVITIES
Net Income	-601.3M	-331.6M	-157.8M	-48.5M	-106.2M	-15.4M	-8.9M
Depreciation & Amortization	73.7M	18.7M	10.4M	5.6M	2.5M	1.4M	403K
Change in Deferred Taxes	-44.9M	0.0	0.0	0.0	0.0	0.0	0.0
Stock-Based Compensation	312M	106.9M	69.7M	31.5M	7.7M	1.2M	859K
Other Non-Cash Items	41.9M	113.6M	11.5M	-30.8M	69.6M	115K	436K
Change in Working Capital	-64.6M	-13.2M	-12.6M	-2.5M	-202K	678K	-493K
Cash from Operating Activities	-283.2M	-105.7M	-78.8M	-44.7M	-26.5M	-12M	-7.7M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	-16.4M	-18M	-13.7M	-9.3M	-7.8M	-10M	-2.4M
Acquisitions, Net	(0.0)	-15.5M	(0.0)	-848K	(0.0)	(0.0)	(0.0)
Purchase of Investments	-2.7B	-296.3M	-298.4M	-605.7M	-203.8M	(0.0)	(0.0)
Sale/Maturity of Investments	682.8M	418.1M	386.8M	310M	0.0	0.0	0.0
Other Investing Items	-92.2M	-5.6M	-5.8M	-3.2M	-2.2M	-1.6M	-924K
Cash from Investing Activities	-2.1B	(82.7M)	(68.8M)	-309.1M	-213.8M	-11.7M	-3.3M
FINANCING ACTIVITIES
Net Issuance of Common Stock	3.3B	41.4M	0.0	0.0	0.0	0.0	0.0
Other Financing Items	46.1M	238K	1.8M	1.1M	603.2M	276K	62.2M
Cash from Financing Activities	3.4B	41.7M	1.8M	1.1M	603.2M	276K	62.2M
CASH FLOW SUMMARY
Effect of Foreign Exchange Rates	581K	25K	-2K	0.0	0.0	0.0	8.4M
Net Change in Cash	980.9M	18.8M	-8.3M	-352.7M	362.9M	-23.4M	59.5M
Cash at Beginning of Period	56.8M	38.1M	46.4M	399M	36.1M	59.5M	0.0
Cash at End of Period	1B	56.8M	38.1M	46.4M	399M	36.1M	59.5M
Free Cash Flow	-299.6M	-129.3M	-98.4M	-57.3M	-36.6M	-23.7M	-10.1M

SEC Filings

IONQ - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
10-Q 10-Q 2026 Q1 Q1	May 07, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 06, 2026	May 06, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 30, 2026	April 30, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 24, 2026	April 24, 2026	2026	View Filing
S-4/A S-4/A (Amended) N/A	March 27, 2026	March 27, 2026		View Filing
8-K 8-K 2026 N/A	March 25, 2026	March 19, 2026	2026	View Filing
S-4 S-4 N/A	March 20, 2026	March 20, 2026		View Filing
8-K 8-K 2026 N/A	March 11, 2026	March 10, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 27, 2026	February 27, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 25, 2026	December 31, 2025	2025	View Filing

Showing 1 to 10 of 118 filings

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