Latest revenue
$64.7M
as of 2026-03-31
Latest net income
$805.4M
as of 2026-03-31
Net margin
1245.4%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $23.75B
- Enterprise value
- $23.75B
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $84.64
- 52-wk low
- $25.89
- Beta
- —
- Shares out
- 373.3M
5-year trend
What this company does
Item 1. Business. Overview IonQ is the world’s first and only quantum platform company. We operate in every theater: in space, in the air, on land and at sea, where we seek to deliver the full promise of quantum, across computing, networking, sensing and security. We believe that we have the clearest path to fault-tolerant quantum computing, and a repertoire of networking, sensing and security products that will form the backbone of a global quantum infrastructure. We are developing quantum computers designed to solve some of the world’s most complex problems and transform business, society and the planet for the better. We believe that our proprietary technology, our architecture and the…
AI summary unavailable — showing raw filing excerpt
Generated from IONQ's filing dated 2026-02-25
Key risks
Item 1A. Risk Factors. RISK FACTORS Investing in our securities involves a high degree of risk. Before you make a decision to buy our securities, in addition to the risks and uncertainties described above under “Cautionary Note Regarding Forward-Looking Statements,” you should carefully consider the risks and uncertainties described below together with all of the other information contained in this Annual Report. If any of the events or developments described below were to occur, our business, prospects, operating results and financial condition could suffer materially, the trading price of our common stock could decline, and you could lose all or part of your investment. The risks and…
AI summary unavailable — showing raw filing excerpt
Generated from IONQ's filing dated 2026-02-25
Profitability
Operating margin
-487.4%
9.7%Net margin
-392.6%
49.0%Return on equity
-13.4%
84.5%Return on assets
-7.8%
88.1%Leverage
Debt / equity
0.73×
124.8%Debt / assets
42.2%
72.2%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $64.7M | +754.7% | $805.4M | +2597.1% | 1245.4% |
Q4 2025 2025-12-31 | $61.9M | +428.5% | $753.7M | +473.1% | 1217.8% |
Q3 2025 2025-09-30 | $39.9M | +221.5% | $-1.05B | -1909.6% | -2646.3% |
Q2 2025 2025-06-30 | $20.7M | +81.8% | $-176.8M | -370.8% | -854.5% |
Q1 2025 2025-03-31 | $7.6M | -0.2% | $-32.3M | +18.5% | -426.3% |
Q4 2024 2024-12-31 | $11.7M | — | $-202.0M | — | -1725.0% |
Q3 2024 2024-09-30 | $12.4M | +102.1% | $-52.5M | -17.1% | -423.4% |
Q2 2024 2024-06-30 | $11.4M | +106.4% | $-37.6M | +14.1% | -330.0% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Services-Computer Integrated Systems Design · SIC 7373
Your notes
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Insider activity
Insider buying
$224.8K
Insider selling
$378.1M
Net activity
−$377.9M
Distinct insiders
12
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns IONQ
Institutional value
$3.01B
Total shares held
105.9M
Distinct holders
431
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 29.9M | $861.2M | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 15.4M | $443.7M | — | New |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 15.1M | $434.3M | — | New |
| 4 | UBS Group AG | 5.8M | $167.4M | — | New |
| 5 | Marex Group plc | 4.0M | $115.5M | — | New |
| 6 | VANGUARD FIDUCIARY TRUST CO | 2.4M | $68.6M | — | New |
| 7 | Bank of New York Mellon Corp | 1.8M | $52.3M | — | New |
| 8 | Legal & General Group Plc | 1.6M | $45.9M | — | New |
| 9 | JANE STREET GROUP, LLC | 1.5M | $41.9M | — | New |
| 10 | WESTFIELD CAPITAL MANAGEMENT CO LP | 1.4M | $39.6M | — | New |
| 11 | Nuveen, LLC | 1.3M | $37.1M | — | New |
| 12 | BNP PARIBAS FINANCIAL MARKETS | 1.2M | $35.2M | — | New |
| 13 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 1.1M | $32.5M | — | New |
| 14 | BANK OF MONTREAL /CAN/ | 1.0M | $29.9M | — | New |
| 15 | DIMENSIONAL FUND ADVISORS LP | 930.3K | $26.8M | — | New |
| 16 | Voya Investment Management LLC | 886.3K | $25.6M | — | New |
| 17 | Swiss National Bank | 866.6K | $25.0M | — | New |
| 18 | DEUTSCHE BANK AG\ | 815.0K | $23.5M | — | New |
| 19 | UNICOM Systems, Inc. | 768.9K | $22.2M | — | New |
| 20 | JPMORGAN CHASE & CO | 783.4K | $20.8M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once IONQ's latest filing finishes processing.