IONQ (IONQ)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from IONQ's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from IONQ's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2M | $11M | $22M | $43M | $130M |
| Net income | -$106M | -$49M | -$158M | -$332M | -$510M |
| Free cash flow | -$36M | -$56M | -$97M | -$128M | -$300M |
| EPS (diluted) | -$0.77 | -$0.25 | -$0.78 | -$1.56 | -$1.82 |
| Operating margin | -1843.1% | -770.3% | -715.7% | -539.7% | -487.4% |
Where the revenue comes from
Revenue by products, fiscal 2025.
Superinvestors who own IONQ
From each investor's latest 13F filing (what a 13F shows). 1 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Added | $5M | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by IONQ's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Mar 18, 2026 | W. Gregory Steube |
0 | $32.39 | — |
| Mar 18, 2026 | W. Gregory Steube |
0 | $32.39 | — |
| Feb 27, 2026 | William J Teuber Jr |
3,000 | $38.38 | $115,140 |
| Nov 11, 2025 | William J Teuber Jr |
2,000 | $54.81 | $109,620 |
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In the full deep dive
Questions
Are IONQ insiders buying the stock?
4 open-market insider purchases of IONQ in the last 12 months, from SEC Form 4 filings.
Which superinvestors own IONQ?
1 of the superinvestors Investingly tracks hold IONQ in their latest 13F, including Cliff Asness.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.