Ionq, Inc.

Technology
EDP Services
www.ionq.com

Moat Score

Market Cap $6.26B
PE -19
Debt -
Cash $56.84M
EV -
FCF -$123.68M

Earnings

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Sales & Net Margins

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Earnings	-$331.65M
EBIT	-$232.46M
ROE	-86%
ROA	-46%
FCF	-$123.68M
Equity	$383.86M
Growth Stability	1
PE	-18.86
PB	16.3
P/FCF	-50.58
P/S	145.23
Price/Cash	0.01
Net Margins	-770%
Gross Margins	52%
Op. Margins	-540%
Sales Growth YoY	92%
Sales Growth QoQ	-6%
Sales CAGR	-45%
Equity CAGR	316%
Earnings Growth YoY	382%

Earnings Growth QoQ	285%
Sales CAGR 5Y	-45%
Equity CAGR 5Y	316%
Earnings CAGR 3Y	-77%
Sales CAGR 3Y	-77%
Equity CAGR 3Y	-13%
Market Cap	$6.26B
Revenue	$43.07M
Assets	$508.39M
Cash	$56.84M
Shares Outstanding	212.59M
Moat Score	1%
Working Capital	342.72M
Current Ratio	10.5
Gross Profit	$22.48M
Shares Growth 3y	3%
Equity Growth QoQ	-12%
Equity Growth YoY	-21%

Assets & ROA

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Stockholders Equity & ROE

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IonQ Inc is a leader in quantum computing, with a track record of innovation and deployment. IonQ's next-generation quantum computer is the most powerful trapped-ion quantum computer. It is the only company with its quantum systems available through the cloud on Amazon Braket, Microsoft Azure, and Google Cloud, as well as through direct API access.

SEC Filings

Direct access to Ionq, Inc. (IONQ) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Ionq, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Ionq, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

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Ionq, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Ionq, Inc..

Years

Calculation mode

= -$1.2B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$124M	-$124M	-$124M	-$124M	-$124M	-$124M	-$124M	-$124M	-$124M	-$124M	-$124M	-$1.2B
DCF		-$112M	-$102M	-$93M	-$84M	-$77M	-$70M	-$63M	-$58M	-$52M	-$48M	-$477M
Value	-$1.2B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	-	-5K%	-4%	-716%	-770%	-770%
ROA	-	-6%	-8%	-28%	-46%	-46%
ROE	-	-18%	-9%	-33%	-86%	-86%

Bad Net Margins (-769.96%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-
Growth Stability	-	-	-	-	-	1

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	-	59K%	-98%	95%	-45%
Earnings YoY growth	-	588%	-54%	225%	110%	-
Equity YoY growth	-	12K%	-4%	-15%	-21%	316%
FCF YoY growth	-	56%	57%	71%	34%	-