IonQ, Inc.
IONQTechnologyNASDAQComputer Hardware
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Daily timeframeHeadquartered within the technology sector, IonQ, Inc. focuses on Computer Hardware services and products. IonQ, Inc. develops quantum computing systems in the United States, Switzerland, and Internationally. The company carries a $26.65B market cap, placing it firmly in the large-cap category. It sells access to quantum computers of various qubit capacities.
Market Cap
$26.65B
Beta
3.05
P/E (TTM)
183.08
P/E (Fwd)
-68.50
EPS (TTM)
$0.39
EPS (Fwd)
$-1.04
ROE
11.3%
ROA
-12.8%
Cash
$2.03B
Total Debt
$30.4M
Free CF
-$91.4M
52W Change
80.1%
Annual Financials
Cash vs Debt
The balance sheet looks solid with $2.03B in cash comfortably exceeding the $30.4M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. The company is burning cash, with free cash flow at -$91.4M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of 11.3% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $11.1M (2022) to $130.0M (2025), reflecting a 1068% increase over the period.
A beta of 3.05 means IONQ is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. At over 50x earnings, IONQ carries valuation risk — any slowdown in growth expectations could lead to meaningful price adjustments. No single metric tells the full story. Reviewing IONQ's risk profile alongside its fundamentals and technical indicators provides a more complete picture.