About IonQ, Inc.
IonQ, Inc. develops quantum computing systems in the United States, Switzerland, and Internationally. It sells access to quantum computers of various qubit capacities. The company also makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS), Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service. The company engages in quantum-safe communications and quantum detection systems. It provides contracts associated with the design, development, construction, and sale of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems. In addition, it provides semiconductor manufacturing services. The company has a collaboration agreement with University of Chicago. The company was founded in 2015 and is headquartered in College Park, Maryland.
IonQ, Inc. (IONQ) is a Technology company in the Computer Hardware industry with a market capitalisation of $14.9B.
- Sector
- Technology
- Industry
- Computer Hardware
- Market cap
- $14.9B
- EPS (TTM)
- $-1.82
- Revenue (TTM)
- $130M
- Free cash flow
- -$299.6M
- Profit margin
- -392.3%
- Shares outstanding
- 381M
Financial health: Weak3.6/10
2 strengths, 4 concerns. Weakest points: return on equity, net margin, free cash flow and 1 more.
- Current ratio: 15.50 (Strong, benchmark > 1.5) — Short-term assets cover 15.50x short-term liabilities, against Graham's 1.5x floor. It has deteriorated over the last 4 years.
- Return on equity: -60.5% (Concern, benchmark > 15%) — Earns -60.5% on shareholder equity, well short of the > 15% mark.
- Gross margin: 30.9% (Watch, benchmark > 40%) — Keeps 30.9% of revenue after the direct cost of sales, short of the > 40% mark.
- Net margin: 0.0% (Concern, benchmark > 10%) — Turns 0.0% of revenue into profit, well short of the > 10% mark.
- Free cash flow: -$299.6M (Concern, benchmark positive) — Burned $299.6M of cash after capital spending, so operations did not fund themselves. It has deteriorated over the last 4 years.
- Revenue growth: 286.8% (Strong, benchmark > 10%) — Revenue changed 286.8% year on year, comfortably past the > 10% mark.
- Earnings growth: -53.6% (Concern, benchmark > 10%) — Earnings changed -53.6% year on year, well short of the > 10% mark.