IonQ, Inc.
$68.23
-4.4%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.
At a Glance
Live SnapshotIntrinsic Alpha Methodology
Thesis Lenses
Signal
Medium confidenceValuation multiple is compressed (P/E -37.5).
Valuation inputs: P/E -37.5, earnings yield N/A, momentum -4.4%.
If multiples stay elevated while momentum fades, downside repricing risk rises.
Driver
High confidenceReturn profile is soft (ROE -13.4%, ROIC -9.1%).
Profitability stack: net margin -3.9%, ROE -13.4%, ROIC -9.1%.
Quality deterioration often appears in margins before it shows up in headline EPS.
Risk
High confidenceRisk profile is balanced but has notable pressure points to monitor.
Risk factors: liabilities/assets +42.0%, momentum -4.4%, net margin -3.9%.
Higher leverage with weak momentum and thin margins can amplify drawdown severity.
IonQ, Inc. Market vs Earnings Trajectory
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IonQ, Inc. Fair Value Envelope
IonQ, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Strong gross margins indicate healthy pricing and efficient production or service delivery.
Operating Margin
Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.
Net Profit Margin
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
Profitability Insight
Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.
IonQ, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.
CapEx Intensity
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
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. Funding & Solvency Profile
Financial Health Analysis
Current Ratio
Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.
Debt-to-Equity Ratio
Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.
Working Capital
Strong working capital position provides significant operational flexibility and financial cushion.
Asset Composition
Capital-intensive business with significant long-term investments in property, equipment, or intangibles.
Financial Health Insight
Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.
IonQ, Inc. Street Expectations Map
Wall Street analysts project that IONQ stock may see slight declines over the coming 12 months. The consensus 1-year price target stands at 67.25, with estimates ranging from a low of 48.50 to a high of 90.00.
The consensus 1-year price target stands at 67.25, with estimates ranging from a low of 48.50 to a high of 90.00.
Analyst Consensus Analysis
Upside Potential
Fair value territory. Stock trading near consensus target suggests limited near-term catalysts. Focus on fundamental developments.
Analyst Agreement
High uncertainty. Very wide target spread indicates significant disagreement among analysts—major valuation uncertainty or transformation underway.
Risk-Reward Profile
Balanced risk-reward. Upside and downside potential relatively symmetric. Suitable for moderate risk tolerance with conviction in thesis.
Analyst Conviction
High uncertainty: Wide dispersion indicates analysts struggle to agree on valuation—proceed with caution and independent analysis.
Market Sentiment Insight
Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.
IonQ, Inc. Insider Positioning
During the last 12 months, insiders have purchased $337K and sold $377.97M worth of IONQ shares, resulting in $377.63M of net selling activity.
3 Months
2.5K
112.25K
6.6K
281.62K
-169K
-$169K
3-6 Months
3.0K
115.16K
30.8K
1.53M
-1.4M
-$1.41M
6-9 Months
2.0K
109.63K
149.0K
6.92M
-6.8M
-$6.81M
9-12 Months
0
0.00
9.4M
369.24M
-369.2M
-$369.24M
Top Buyers
Teuber William J Jr
Director
$225K
Cardillo Robert T.
Director, Other: Executive Chair, Ionq Federal
$112K
Top Sellers
Chapman Peter Hume
Director, Officer: Executive Chair
$231.23M
De Masi Niccolo
Director, Officer: President And Ceo
$105.90M
Kramer Thomas G.
Officer: Chief Financial Officer
$19.46M
Alameddine Rima
Officer: Chief Revenue Officer
$10.99M
Singh Inder M
Director
$5.29M
Insider Activity Analysis
Net Insider Sentiment
Strong bearish signal with $377.63M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.
Buy/Sell Ratio
Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.
Recent Trend (3 Months)
Negative recent trend with net selling. Insiders have reduced positions in recent months, which could signal caution.
Insider Participation
5 insider sellers vs. 2 buyers. Widespread selling across multiple insiders may signal concerns.
Insider Activity Insight
Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.
No Dividend Yield Data
IONQ has not reported any dividend yield values in the available annual periods.
ionq Dividend History
Learning Layer
Related Guides
Build conviction on IONQ by pairing this stock hub with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.