IonQ (IONQ) Financials

$25.35 -0.74 (-2.84%)

As of 04/14/2025 03:58 PM Eastern

Annual Income Statements for IonQ

This table shows IonQ's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-15	-106	-49	-158	-332
Consolidated Net Income / (Loss)	-15	-106	-49	-158	-332
Net Income / (Loss) Continuing Operations	-15	-106	-49	-158	-332
Total Pre-Tax Income	-15	-106	-49	-158	-332
Total Operating Income	-16	-39	-86	-158	-232
Total Gross Profit	0.00	2.10	11	22	43
Total Revenue	0.00	2.10	11	22	43
Operating Revenue	0.00	2.10	11	22	43
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	16	41	97	180	276
Selling, General & Admin Expense	3.55	14	36	51	71
Marketing Expense	0.49	3.23	8.39	18	28
Research & Development Expense	10	20	44	92	137
Depreciation Expense	1.40	2.55	5.60	10	19
Other Operating Expenses / (Income)	0.14	1.04	2.94	8.11	21
Total Other Income / (Expense), net	0.31	-67	37	0.03	-99
Interest & Investment Income	-	-	7.09	19	18
Other Income / (Expense), net	0.31	-68	30	-19	-117
Income Tax Expense	0.00	0.00	0.00	0.05	0.06
Basic Earnings per Share	($0.13)	($0.77)	($0.25)	($0.78)	($1.56)
Weighted Average Basic Shares Outstanding	115.05M	137.61M	197.73M	202.58M	213.03M
Diluted Earnings per Share	($0.13)	($0.77)	($0.25)	($0.78)	($1.56)
Weighted Average Diluted Shares Outstanding	115.05M	137.61M	197.73M	202.58M	213.03M
Weighted Average Basic & Diluted Shares Outstanding	115.05M	137.61M	201.55M	208.23M	222.84M

This table shows IonQ's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-24	-19	-27	-44	-45	-42	-40	-38	-52	-202
Consolidated Net Income / (Loss)	-24	-19	-27	-44	-45	-42	-40	-38	-52	-202
Net Income / (Loss) Continuing Operations	-24	-19	-27	-44	-45	-42	-40	-38	-52	-202
Total Pre-Tax Income	-24	-19	-27	-44	-45	-42	-40	-38	-52	-202
Total Operating Income	-25	-24	-28	-33	-42	-54	-53	-49	-53	-78
Total Gross Profit	2.76	3.81	4.29	5.52	6.14	6.11	7.58	11	12	12
Total Revenue	2.76	3.81	4.29	5.52	6.14	6.11	7.58	11	12	12
Operating Revenue	2.76	3.81	4.29	5.52	6.14	6.11	7.58	11	12	12
Total Operating Expenses	28	27	32	39	48	61	60	60	66	89
Selling, General & Admin Expense	10	9.07	11	11	14	15	14	13	14	30
Marketing Expense	1.97	2.41	2.67	3.58	5.05	6.98	6.70	6.14	6.63	8.93
Research & Development Expense	13	14	16	20	25	32	32	31	33	40
Depreciation Expense	1.53	1.36	1.79	2.33	2.75	3.51	3.96	4.31	4.89	5.50
Other Operating Expenses / (Income)	0.73	0.90	1.04	1.90	2.01	3.16	3.41	5.62	6.52	5.05
Total Other Income / (Expense), net	0.93	4.98	0.69	-11	-2.58	13	13	11	0.66	-124
Interest & Investment Income	2.06	3.17	4.23	4.88	5.01	5.21	4.80	4.80	4.51	4.14
Other Income / (Expense), net	-1.13	1.81	-3.55	-16	-7.59	7.35	8.49	6.59	-3.85	-129
Income Tax Expense	0.00	-	0.00	0.00	0.04	0.01	0.01	0.02	0.02	0.02
Basic Earnings per Share	($0.12)	($0.10)	($0.14)	($0.22)	($0.22)	($0.20)	($0.19)	($0.18)	($0.24)	($0.95)
Weighted Average Basic Shares Outstanding	198.30M	197.73M	200.11M	201.43M	203.39M	202.58M	208.16M	211.64M	214.31M	213.03M
Diluted Earnings per Share	($0.12)	($0.10)	($0.14)	($0.22)	($0.22)	($0.20)	($0.19)	($0.18)	($0.24)	($0.95)
Weighted Average Diluted Shares Outstanding	198.30M	197.73M	200.11M	201.43M	203.39M	202.58M	208.16M	211.64M	214.31M	213.03M
Weighted Average Basic & Diluted Shares Outstanding	199.96M	201.55M	201.03M	202.60M	204.70M	208.23M	211.45M	214.08M	216.39M	222.84M

This table details how cash moves in and out of IonQ's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-23	363	-353	-8.29	19
Net Cash From Operating Activities	-12	-27	-45	-79	-106
Net Cash From Continuing Operating Activities	-12	-27	-45	-79	-106
Net Income / (Loss) Continuing Operations	-15	-106	-49	-158	-332
Consolidated Net Income / (Loss)	-15	-106	-49	-158	-332
Depreciation Expense	1.40	2.55	5.60	10	19
Amortization Expense	0.04	0.53	-1.58	-9.75	-8.80
Non-Cash Adjustments To Reconcile Net Income	1.30	77	2.28	91	229
Changes in Operating Assets and Liabilities, net	0.68	-0.20	-2.50	-13	-13
Net Cash From Investing Activities	-12	-214	-309	69	83
Net Cash From Continuing Investing Activities	-12	-214	-309	69	83
Purchase of Property, Plant & Equipment	-11	-9.40	-12	-18	-22
Acquisitions	-0.51	-0.62	-1.90	-1.29	-17
Purchase of Investments	0.00	-204	-606	-298	-296
Sale and/or Maturity of Investments	-	0.00	310	387	418
Net Cash From Financing Activities	0.28	603	1.10	1.76	42
Net Cash From Continuing Financing Activities	0.28	603	1.10	1.76	42
Repayment of Debt	-	-	0.02	-0.23	0.24
Repurchase of Preferred Equity	0.00	-0.97	0.00	0.00	0.00
Other Financing Activities, net	0.28	604	1.08	1.99	41
Effect of Exchange Rate Changes	-	-	0.00	-0.00	0.03

This table details how cash moves in and out of IonQ's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	13	-11	7.53	-38	23	-1.47	24	-18	-12	24
Net Cash From Operating Activities	-13	-15	-14	-16	-22	-27	-20	-27	-19	-39
Net Cash From Continuing Operating Activities	-13	-15	-14	-16	-22	-27	-20	-27	-19	-39
Net Income / (Loss) Continuing Operations	-24	-19	-27	-44	-45	-42	-40	-38	-52	-202
Consolidated Net Income / (Loss)	-24	-19	-27	-44	-45	-42	-40	-38	-52	-202
Depreciation Expense	1.53	1.36	1.79	2.33	2.75	3.51	3.96	4.31	4.89	5.50
Amortization Expense	-0.49	-1.19	-1.92	-2.68	-2.69	-2.46	-2.30	-2.49	-2.30	-1.72
Non-Cash Adjustments To Reconcile Net Income	13	7.34	14	27	25	24	14	16	31	169
Changes in Operating Assets and Liabilities, net	-3.27	-3.77	-0.71	0.62	-2.57	-9.95	3.10	-6.40	0.12	-10
Net Cash From Investing Activities	25	5.15	21	-22	46	24	44	8.30	6.54	24
Net Cash From Continuing Investing Activities	25	5.15	21	-22	46	24	44	8.30	6.54	24
Purchase of Property, Plant & Equipment	-1.87	-1.64	-2.03	-2.33	-5.32	-8.58	-4.54	-8.22	-4.71	-4.43
Acquisitions	-0.23	-1.30	-0.32	-0.31	-0.43	-0.23	-0.36	-0.54	-0.31	-16
Purchase of Investments	-85	-117	-64	-121	-45	-68	-67	-79	-95	-55
Sale and/or Maturity of Investments	112	125	88	101	96	101	115	97	107	100
Net Cash From Financing Activities	1.11	-1.07	0.03	0.51	0.24	0.98	1.36	-0.03	1.09	39
Net Cash From Continuing Financing Activities	1.11	-1.07	0.05	0.49	0.24	0.98	1.36	-0.03	1.09	39
Repayment of Debt	0.72	-1.19	-	-	0.01	-0.24	-	-	0.00	0.09
Other Financing Activities, net	0.39	0.12	0.05	0.49	0.23	1.22	1.36	-0.17	1.09	39
Effect of Exchange Rate Changes	-	-	0.00	-	0.00	-0.01	-	-	-	0.02

This table presents IonQ's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Total Assets	60	642	598	554	508
Total Current Assets	39	530	372	390	379
Cash & Equivalents	36	399	44	36	54
Short-Term Investments	-	123	311	320	286
Accounts Receivable	0.39	0.71	3.29	11	10
Prepaid Expenses	2.07	6.44	13	23	28
Plant, Property, & Equipment, net	12	19	26	38	53
Total Noncurrent Assets	9.91	94	200	126	77
Long-Term Investments	-	80	182	100	24
Goodwill	-	0.00	0.74	0.74	9.90
Intangible Assets	2.69	5.84	8.94	15	29
Other Noncurrent Operating Assets	7.22	7.59	8.66	9.77	14
Total Liabilities & Shareholders' Equity	60	642	598	554	508
Total Liabilities	6.78	51	30	69	125
Total Current Liabilities	1.88	9.69	20	37	36
Accounts Payable	0.54	1.88	3.06	5.60	5.23
Accrued Expenses	0.61	2.65	6.66	18	16
Current Deferred Revenue	0.24	3.43	8.73	12	11
Other Current Liabilities	0.50	1.73	1.72	1.10	3.75
Total Noncurrent Liabilities	4.89	41	9.62	31	88
Noncurrent Deferred Revenue	1.12	1.53	1.20	0.45	0.00
Other Noncurrent Operating Liabilities	3.78	40	8.42	31	88
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	54	591	568	485	384
Total Preferred & Common Equity	54	591	568	485	384
Total Common Equity	54	591	568	485	384
Common Stock	93	737	770	839	1,067
Retained Earnings	-40	-146	-194	-352	-684
Accumulated Other Comprehensive Income / (Loss)	-	-0.15	-7.36	-1.97	0.16

This table presents IonQ's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	607	588	577	565	544	517	498
Total Current Assets	417	402	391	404	410	405	395
Cash & Equivalents	57	52	14	37	60	42	30
Short-Term Investments	348	336	362	347	315	328	336
Accounts Receivable	2.88	1.84	2.43	3.03	9.56	7.89	4.14
Prepaid Expenses	8.13	13	13	17	25	27	26
Plant, Property, & Equipment, net	25	26	29	35	42	48	49
Total Noncurrent Assets	165	159	156	126	92	65	53
Long-Term Investments	150	138	134	101	59	32	17
Goodwill	-	0.74	0.74	0.74	0.73	0.72	0.73
Intangible Assets	7.60	10	12	13	17	17	17
Other Noncurrent Operating Assets	7.14	11	11	11	15	15	18
Total Liabilities & Shareholders' Equity	607	588	577	565	544	517	498
Total Liabilities	31	36	54	67	64	54	62
Total Current Liabilities	20	21	24	29	35	31	32
Accounts Payable	5.04	3.60	4.56	6.41	5.85	6.32	4.85
Accrued Expenses	8.18	9.41	9.25	16	11	8.93	16
Current Deferred Revenue	4.70	6.29	8.43	5.22	17	14	8.33
Other Current Liabilities	1.71	1.56	1.39	1.27	1.57	1.87	3.48
Total Noncurrent Liabilities	11	15	30	38	29	23	30
Noncurrent Deferred Revenue	0.74	0.95	0.71	0.46	0.18	0.12	0.06
Other Noncurrent Operating Liabilities	11	14	29	38	29	23	30
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	576	552	523	498	480	463	436
Total Preferred & Common Equity	576	552	523	498	480	463	436
Total Common Equity	576	552	523	498	480	463	436
Common Stock	760	779	795	813	873	894	917
Retained Earnings	-176	-222	-265	-310	-392	-429	-482
Accumulated Other Comprehensive Income / (Loss)	-9.12	-5.43	-6.09	-4.79	-1.72	-1.32	0.34

This table displays calculated financial ratios and metrics derived from IonQ's official financial filings.

Metric	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	0.00%	430.30%	98.02%	95.41%
EBITDA Growth	0.00%	-637.69%	50.01%	-242.04%	-92.72%
EBIT Growth	0.00%	-588.86%	47.67%	-218.40%	-97.60%
NOPAT Growth	0.00%	-145.90%	-121.64%	-83.98%	-47.35%
Net Income Growth	0.00%	-588.45%	54.32%	-225.23%	-110.21%
EPS Growth	0.00%	-492.31%	67.53%	-212.00%	-100.00%
Operating Cash Flow Growth	0.00%	-121.01%	-68.44%	-76.32%	-34.10%
Free Cash Flow Firm Growth	0.00%	0.00%	-5,601.50%	-7.17%	-40.89%
Invested Capital Growth	0.00%	-164.54%	368.00%	-4.44%	-31.09%
Revenue Q/Q Growth	0.00%	0.00%	24.06%	11.64%	14.96%
EBITDA Q/Q Growth	0.00%	0.00%	49.81%	-16.05%	-85.07%
EBIT Q/Q Growth	0.00%	0.00%	48.49%	-16.66%	-83.33%
NOPAT Q/Q Growth	0.00%	0.00%	-17.52%	-24.29%	-11.01%
Net Income Q/Q Growth	0.00%	0.00%	53.33%	-17.29%	-93.32%
EPS Q/Q Growth	0.00%	0.00%	62.12%	-14.71%	-92.59%
Operating Cash Flow Q/Q Growth	0.00%	-3.92%	-29.67%	-17.46%	-13.78%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-32.38%	17.39%
Invested Capital Q/Q Growth	0.00%	0.00%	53.27%	117.04%	-62.10%
Profitability Metrics	-	-	-	-	-
Gross Margin	0.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	0.00%	-4,915.39%	-463.36%	-800.36%	-789.33%
Operating Margin	0.00%	-1,843.12%	-770.34%	-715.70%	-539.68%
EBIT Margin	0.00%	-5,061.93%	-499.54%	-803.22%	-812.20%
Profit (Net Income) Margin	0.00%	-5,058.89%	-435.82%	-715.77%	-769.96%
Tax Burden Percent	100.00%	100.00%	100.00%	100.03%	100.02%
Interest Burden Percent	100.00%	99.94%	87.24%	89.09%	94.78%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-868.67%	-629.66%	-371.33%	-662.91%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-843.90%	-631.68%	-361.80%	-621.70%
Return on Net Nonoperating Assets (RNNOA)	0.00%	835.74%	621.29%	341.37%	586.57%
Return on Equity (ROE)	-28.72%	-32.93%	-8.37%	-29.96%	-76.34%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-334.67%	-366.79%	-626.10%
Operating Return on Assets (OROA)	0.00%	-30.25%	-8.97%	-30.75%	-65.88%
Return on Assets (ROA)	0.00%	-30.23%	-7.82%	-27.40%	-62.46%
Return on Common Equity (ROCE)	-28.72%	-32.93%	-8.37%	-29.96%	-76.34%
Return on Equity Simple (ROE_SIMPLE)	-28.72%	-17.96%	-8.54%	-32.53%	-86.40%
Net Operating Profit after Tax (NOPAT)	-11	-27	-60	-110	-163
NOPAT Margin	0.00%	-1,290.18%	-539.23%	-500.99%	-377.77%
Net Nonoperating Expense Percent (NNEP)	-12.21%	-24.77%	2.02%	-9.53%	-41.21%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-10.56%	-22.77%	-42.39%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	654.45%	323.12%	230.12%	164.96%
R&D to Revenue	0.00%	963.70%	395.09%	418.84%	317.66%
Operating Expenses to Revenue	0.00%	1,943.12%	870.34%	815.70%	639.68%
Earnings before Interest and Taxes (EBIT)	-15	-106	-56	-177	-350
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-14	-103	-52	-176	-340
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	5.44	1.21	5.23	23.55
Price to Tangible Book Value (P/TBV)	0.00	5.49	1.24	5.41	26.24
Price to Revenue (P/Rev)	0.00	1,531.46	61.98	115.07	209.85
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	5.00	71.58	433.14
Enterprise Value to Revenue (EV/Rev)	0.00	1,244.38	13.66	94.38	201.40
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	1,411.79	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.67	-0.99	-0.98	-0.94	-0.94
Leverage Ratio	1.13	1.09	1.07	1.09	1.22
Compound Leverage Factor	1.13	1.09	0.93	0.97	1.16
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.99%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	38.08	13.86	21.05	40.29
Noncontrolling Interest Sharing Ratio	0.01%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-
Current Ratio	20.51	54.65	18.43	10.49	10.50
Quick Ratio	19.41	53.99	17.81	9.87	9.71
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	1.85	-102	-109	-154
Operating Cash Flow to CapEx	-107.56%	-282.19%	-388.17%	-431.58%	-482.64%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.00	0.01	0.02	0.04	0.08
Accounts Receivable Turnover	0.00	3.83	5.57	2.99	3.98
Inventory Turnover	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.14	0.50	0.69	0.95
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	95.38	65.57	122.20	91.75
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	95.38	65.57	122.20	91.75
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	18	-11	30	29	20
Invested Capital Turnover	0.00	0.67	1.17	0.74	1.75
Increase / (Decrease) in Invested Capital	0.00	-29	42	-1.35	-9.04
Enterprise Value (EV)	0.00	2,612	152	2,080	8,675
Market Capitalization	0.00	3,215	690	2,536	9,039
Book Value per Share	$1.42	$3.07	$2.84	$2.37	$1.77
Tangible Book Value per Share	$1.35	$3.04	$2.79	$2.29	$1.59
Total Capital	54	591	568	485	384
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00
Net Debt	-36	-603	-538	-456	-364
Capital Expenditures (CapEx)	11	9.40	12	18	22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.58	-2.54	-4.33	-2.62	2.43
Debt-free Net Working Capital (DFNWC)	37	520	351	353	343
Net Working Capital (NWC)	37	520	351	353	343
Net Nonoperating Expense (NNE)	4.41	79	-12	47	169
Net Nonoperating Obligations (NNO)	-36	-603	-538	-456	-364
Total Depreciation and Amortization (D&A)	1.44	3.08	4.03	0.63	9.85
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-121.11%	-38.89%	-11.87%	5.64%
Debt-free Net Working Capital to Revenue	0.00%	24,770.18%	3,157.56%	1,600.69%	795.67%
Net Working Capital to Revenue	0.00%	24,770.18%	3,157.56%	1,600.69%	795.67%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.77)	($0.25)	($0.78)	($1.56)
Adjusted Weighted Average Basic Shares Outstanding	0.00	197.67M	197.73M	202.58M	213.03M
Adjusted Diluted Earnings per Share	$0.00	($0.77)	($0.25)	($0.78)	($1.56)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	197.67M	197.73M	202.58M	213.03M
Adjusted Basic & Diluted Earnings per Share	$0.00	($0.77)	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	137.61M	201.55M	208.23M	222.84M
Normalized Net Operating Profit after Tax (NOPAT)	-11	-27	-60	-110	-163
Normalized NOPAT Margin	0.00%	-1,290.18%	-539.23%	-500.99%	-377.77%
Pre Tax Income Margin	0.00%	-5,058.89%	-435.82%	-715.56%	-769.83%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from IonQ's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1,085.84%	131.01%	119.41%	111.46%	122.08%	60.39%	76.94%	106.36%	102.09%	91.78%
EBITDA Growth	-77.43%	70.27%	-788.01%	-3,247.74%	-98.88%	-112.71%	-34.82%	17.20%	-9.40%	-339.33%
EBIT Growth	-76.19%	70.58%	-552.93%	-1,568.21%	-91.15%	-115.93%	-40.59%	12.86%	-14.48%	-337.60%
NOPAT Growth	-136.71%	-117.98%	-53.27%	-74.82%	-69.38%	-130.49%	-88.69%	-47.91%	-25.93%	-42.34%
Net Income Growth	-62.26%	74.83%	-546.75%	-2,543.17%	-86.84%	-124.72%	-44.82%	14.08%	-17.15%	-382.05%
EPS Growth	0.00%	80.39%	-600.00%	-2,100.00%	-83.33%	-100.00%	-35.71%	18.18%	-9.09%	-375.00%
Operating Cash Flow Growth	-6.87%	-218.25%	-65.97%	-86.94%	-73.30%	-78.57%	-48.14%	-65.23%	13.77%	-48.06%
Free Cash Flow Firm Growth	-400.70%	0.00%	-118.12%	-107.52%	65.50%	36.94%	-29.57%	-413.67%	-232.03%	-22.99%
Invested Capital Growth	166.98%	368.00%	682.55%	-34.18%	-32.52%	-4.44%	69.62%	336.56%	294.61%	-31.09%
Revenue Q/Q Growth	5.94%	37.79%	12.56%	28.70%	11.26%	-0.49%	24.17%	50.11%	8.95%	-5.56%
EBITDA Q/Q Growth	-1,610.12%	13.40%	-46.37%	-54.43%	-1.59%	7.38%	7.22%	5.16%	-34.22%	-271.96%
EBIT Q/Q Growth	-793.99%	16.24%	-44.72%	-53.93%	-2.44%	5.38%	5.77%	4.59%	-34.57%	-261.69%
NOPAT Q/Q Growth	-31.61%	5.17%	-18.63%	-18.08%	-27.52%	-29.04%	2.89%	7.44%	-8.57%	-45.86%
Net Income Q/Q Growth	-1,350.00%	22.25%	-46.61%	-59.92%	-2.50%	6.49%	5.52%	5.13%	-39.76%	-284.79%
EPS Q/Q Growth	-1,100.00%	16.67%	-40.00%	-57.14%	0.00%	9.09%	5.00%	5.26%	-33.33%	-295.83%
Operating Cash Flow Q/Q Growth	-49.40%	-16.00%	7.36%	-16.44%	-38.51%	-19.52%	23.15%	-29.88%	27.72%	-105.24%
Free Cash Flow Firm Q/Q Growth	-131.69%	12.87%	26.37%	63.03%	-45.45%	-59.27%	-51.28%	-46.57%	5.98%	41.01%
Invested Capital Q/Q Growth	-6.99%	53.27%	-12.13%	-47.45%	-4.64%	117.04%	55.96%	35.25%	-13.81%	-62.10%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	-904.89%	-568.74%	-739.63%	-887.47%	-810.37%	-754.26%	-563.57%	-356.09%	-438.69%	-1,727.87%
Operating Margin	-901.59%	-620.51%	-653.98%	-599.98%	-687.65%	-891.71%	-697.39%	-430.02%	-428.51%	-661.85%
EBIT Margin	-942.53%	-573.00%	-736.73%	-881.14%	-811.26%	-771.41%	-585.37%	-372.09%	-459.58%	-1,760.20%
Profit (Net Income) Margin	-868.01%	-489.81%	-637.99%	-792.71%	-730.30%	-686.28%	-522.18%	-330.03%	-423.35%	-1,725.00%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.09%	100.02%	100.02%	100.04%	100.03%	100.01%
Interest Burden Percent	92.09%	85.48%	86.60%	89.96%	89.94%	88.95%	89.19%	88.66%	92.09%	97.99%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-507.20%	-408.98%	-388.67%	-571.91%	-462.65%	-343.35%	-249.33%	-339.38%	-812.99%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-506.83%	-407.59%	-384.87%	-568.97%	-461.89%	-342.82%	-248.60%	-335.85%	-776.94%
Return on Net Nonoperating Assets (RNNOA)	0.00%	498.49%	396.84%	372.66%	551.37%	435.81%	318.88%	229.61%	312.04%	733.04%
Return on Equity (ROE)	-18.34%	-8.70%	-12.15%	-16.01%	-20.54%	-26.85%	-24.47%	-19.71%	-27.34%	-79.94%
Cash Return on Invested Capital (CROIC)	0.00%	-334.67%	-598.22%	-392.67%	-495.87%	-366.79%	-406.45%	-494.19%	-561.75%	-626.10%
Operating Return on Assets (OROA)	-13.71%	-10.29%	-16.32%	-24.16%	-27.33%	-29.53%	-26.21%	-21.22%	-32.39%	-142.79%
Return on Assets (ROA)	-12.63%	-8.79%	-14.13%	-21.74%	-24.61%	-26.27%	-23.38%	-18.82%	-29.84%	-139.93%
Return on Common Equity (ROCE)	-18.34%	-8.70%	-12.15%	-16.01%	-20.54%	-26.85%	-24.47%	-19.71%	-27.34%	-79.94%
Return on Equity Simple (ROE_SIMPLE)	-18.06%	0.00%	-12.97%	-21.73%	-26.98%	0.00%	-35.44%	-35.37%	-39.38%	0.00%
Net Operating Profit after Tax (NOPAT)	-17	-17	-20	-23	-30	-38	-37	-34	-37	-54
NOPAT Margin	-631.11%	-434.36%	-457.79%	-419.99%	-481.35%	-624.20%	-488.17%	-301.02%	-299.96%	-463.30%
Net Nonoperating Expense Percent (NNEP)	-1.15%	-0.37%	-1.39%	-3.80%	-2.94%	-0.76%	-0.54%	-0.72%	-3.53%	-36.05%
Return On Investment Capital (ROIC_SIMPLE)	-	-2.91%	-	-	-	-7.86%	-	-	-	-14.13%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	367.32%	238.11%	246.93%	198.19%	226.97%	250.31%	184.91%	114.69%	115.50%	253.29%
R&D to Revenue	481.07%	359.73%	378.83%	360.27%	400.90%	517.85%	426.91%	274.18%	267.56%	342.25%
Operating Expenses to Revenue	1,001.59%	720.51%	753.98%	699.98%	787.65%	991.71%	797.39%	530.02%	528.51%	761.85%
Earnings before Interest and Taxes (EBIT)	-26	-22	-32	-49	-50	-47	-44	-42	-57	-206
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-25	-22	-32	-49	-50	-46	-43	-41	-54	-202
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.75	1.21	2.24	5.20	6.05	5.23	4.34	3.21	4.29	23.55
Price to Tangible Book Value (P/TBV)	1.78	1.24	2.29	5.32	6.22	5.41	4.50	3.34	4.48	26.24
Price to Revenue (P/Rev)	112.57	61.98	92.07	166.15	152.69	115.07	82.10	47.64	49.94	209.85
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	22.89	5.00	26.72	157.42	188.90	71.58	36.31	17.69	28.16	433.14
Enterprise Value to Revenue (EV/Rev)	50.62	13.66	53.04	135.05	128.12	94.38	64.95	34.76	39.72	201.40
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-1.01	-0.98	-0.97	-0.97	-0.97	-0.94	-0.93	-0.92	-0.93	-0.94
Leverage Ratio	1.09	1.07	1.06	1.07	1.09	1.09	1.10	1.11	1.14	1.22
Compound Leverage Factor	1.00	0.91	0.92	0.96	0.98	0.97	0.98	0.98	1.05	1.20
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	19.82	14.05	20.94	30.31	26.82	21.82	19.07	15.96	17.26	41.22
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	21.22	18.43	19.29	16.56	14.12	10.49	11.81	13.15	12.23	10.50
Quick Ratio	20.81	17.81	18.68	16.00	13.53	9.87	11.09	12.27	11.44	9.71
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-67	-58	-43	-16	-23	-37	-56	-82	-77	-45
Operating Cash Flow to CapEx	-688.22%	-907.67%	-681.21%	-689.50%	-419.03%	-310.26%	-450.77%	-323.42%	-408.31%	-889.22%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.01	0.02	0.02	0.03	0.03	0.04	0.04	0.06	0.07	0.08
Accounts Receivable Turnover	2.58	5.57	11.19	7.78	6.68	2.99	4.45	6.05	10.45	3.98
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.43	0.50	0.57	0.61	0.65	0.69	0.74	0.81	0.88	0.95
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	141.53	65.57	32.61	46.93	54.62	122.20	82.06	60.36	34.92	91.75
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	141.53	65.57	32.61	46.93	54.62	122.20	82.06	60.36	34.92	91.75
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	20	30	27	14	13	29	45	61	53	20
Invested Capital Turnover	-1.83	1.17	0.89	0.93	1.19	0.74	0.70	0.83	1.13	1.75
Increase / (Decrease) in Invested Capital	49	42	23	-7.29	-6.45	-1.35	19	47	39	-9.04
Enterprise Value (EV)	454	152	714	2,211	2,530	2,080	1,646	1,085	1,488	8,675
Market Capitalization	1,010	690	1,240	2,720	3,015	2,536	2,080	1,487	1,871	9,039
Book Value per Share	$2.89	$2.84	$2.74	$2.60	$2.46	$2.37	$2.30	$2.19	$2.04	$1.77
Tangible Book Value per Share	$2.85	$2.79	$2.69	$2.54	$2.39	$2.29	$2.22	$2.11	$1.95	$1.59
Total Capital	576	568	552	523	498	485	480	463	436	384
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-556	-538	-526	-509	-485	-456	-434	-402	-383	-364
Capital Expenditures (CapEx)	1.87	1.64	2.03	2.33	5.32	8.58	4.54	8.22	4.71	4.43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-8.62	-4.33	-6.39	-7.96	-8.75	-2.62	-0.13	4.27	-2.63	2.43
Debt-free Net Working Capital (DFNWC)	397	351	381	368	375	353	375	374	363	343
Net Working Capital (NWC)	397	351	381	368	375	353	375	374	363	343
Net Nonoperating Expense (NNE)	6.55	2.11	7.72	21	15	3.79	2.58	3.30	15	148
Net Nonoperating Obligations (NNO)	-556	-538	-526	-509	-485	-456	-434	-402	-383	-364
Total Depreciation and Amortization (D&A)	1.04	0.16	-0.12	-0.35	0.06	1.05	1.65	1.82	2.59	3.79
Debt-free, Cash-free Net Working Capital to Revenue	-96.09%	-38.89%	-47.43%	-48.65%	-44.31%	-11.87%	-0.50%	13.68%	-7.03%	5.64%
Debt-free Net Working Capital to Revenue	4,425.01%	3,157.56%	2,833.56%	2,246.16%	1,900.63%	1,600.69%	1,480.81%	1,198.74%	969.00%	795.67%
Net Working Capital to Revenue	4,425.01%	3,157.56%	2,833.56%	2,246.16%	1,900.63%	1,600.69%	1,480.81%	1,198.74%	969.00%	795.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.12)	($0.10)	($0.14)	($0.22)	($0.22)	($0.20)	($0.19)	($0.18)	($0.24)	($0.95)
Adjusted Weighted Average Basic Shares Outstanding	198.30M	197.73M	200.11M	201.43M	203.39M	202.58M	208.16M	211.64M	214.31M	213.03M
Adjusted Diluted Earnings per Share	($0.12)	($0.10)	($0.14)	($0.22)	($0.22)	($0.20)	($0.19)	($0.18)	($0.24)	($0.95)
Adjusted Weighted Average Diluted Shares Outstanding	198.30M	197.73M	200.11M	201.43M	203.39M	202.58M	208.16M	211.64M	214.31M	213.03M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	199.96M	201.55M	201.03M	202.60M	204.70M	208.23M	211.45M	214.08M	216.39M	222.84M
Normalized Net Operating Profit after Tax (NOPAT)	-17	-17	-20	-23	-30	-38	-37	-34	-37	-54
Normalized NOPAT Margin	-631.11%	-434.36%	-457.79%	-419.99%	-481.35%	-624.20%	-488.17%	-301.02%	-299.96%	-463.30%
Pre Tax Income Margin	-868.01%	-489.81%	-637.99%	-792.71%	-729.66%	-686.13%	-522.08%	-329.90%	-423.23%	-1,724.83%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About IonQ's Financials

When does IonQ's fiscal year end?

According to the most recent income statement we have on file, IonQ's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has IonQ's net income changed over the last 4 years?

IonQ's net income appears to be on an upward trend, with a most recent value of -$331.65 million in 2024, rising from -$15.42 million in 2020. The previous period was -$157.77 million in 2023.

What is IonQ's operating income?

IonQ's total operating income in 2024 was -$232.46 million, based on the following breakdown:

Total Gross Profit: $43.07 million
Total Operating Expenses: $275.53 million

How has IonQ revenue changed over the last 4 years?

Over the last 4 years, IonQ's total revenue changed from $0.00 in 2020 to $43.07 million in 2024, a change of 4,307,300,000.0%.

How much debt does IonQ have?

IonQ's total liabilities were at $124.53 million at the end of 2024, a 81.6% increase from 2023, and a 1,738.0% increase since 2020.

How much cash does IonQ have?

In the past 4 years, IonQ's cash and equivalents has ranged from $35.67 million in 2023 to $399.03 million in 2021, and is currently $54.39 million as of their latest financial filing in 2024.

How has IonQ's book value per share changed over the last 4 years?

Over the last 4 years, IonQ's book value per share changed from 1.42 in 2020 to 1.77 in 2024, a change of 25.2%.

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This page (NYSE:IONQ) was last updated on 4/15/2025 by MarketBeat.com Staff

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IonQ (IONQ) Financials

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