IonQ, Inc.
Business
IonQ is a quantum computing platform company developing trapped-ion quantum computers and complementary quantum networking, sensing, and security products. The company sells quantum computing hardware, provides quantum-computing-as-a-service (QCaaS) via AWS Braket, Microsoft Azure Quantum, and Google Cloud Marketplace, and offers direct system access to select customers. IonQ also delivers professional services, satellite-based synthetic-aperture radar imaging, and quantum ecosystem partnerships to advance quantum adoption across government, enterprise, and academic markets.
Summary from 10-K filed 2026-02-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 130 | 43 | 22 | 11 | 2 | |
| Cost of revenue (excluding depreciation and amortization) | 77 | 21 | 8 | 3 | 1 | |
| Research and development | 306 | 137 | 92 | 44 | 20 | |
| Sales and marketing | 53 | 28 | 18 | 8 | 3 | |
| General and administrative | 245 | 71 | 51 | 36 | 14 | |
| Depreciation and amortization | 82 | 19 | 10 | 6 | 3 | |
| Total operating costs and expenses | 764 | 276 | 180 | 97 | 41 | |
| Loss from operations | −634 | −232 | −158 | −86 | −39 | |
| Gain (loss) on change in fair value of warrant liabilities | 67 | −117 | −19 | 30 | −63 | |
| Interest income, net | 56 | 18 | 19 | 7 | 64,000 | |
| Offering costs associated with warrants | −46 | 0 | 0 | 0 | −4 | |
| Other income (expense), net | 29,000 | −275,000 | −85,000 | 6,000 | 28,000 | |
| Total net loss before income taxes | −557 | −332 | −158 | −49 | −106 | |
| Income tax benefit (expense) | 45 | −59,000 | −48,000 | 0 | 0 | |
| Net loss | −512 | −332 | −158 | — | — | |
| Net loss attributable to noncontrolling interests | −2 | 0 | 0 | — | — | |
| Net loss attributable to IonQ, Inc. | −510 | −332 | −158 | −49 | −106 | |
| Net loss per share attributable to IonQ, Inc. common stockholders-basic | −1.82 | −1.56 | −0.78 | −0.25 | −0.77 | |
| Net loss per share attributable to IonQ, Inc. common stockholders-diluted | −1.82 | −1.56 | −0.78 | −0.25 | −0.77 | |
| Weighted average shares used in computing net loss per share attributable to IonQ, Inc. common stockholders-basic | 280 | 213 | 203 | 198 | 138 | |
| Weighted average shares used in computing net loss per share attributable to IonQ, Inc. common stockholders-diluted | 280 | 213 | 203 | 198 | 138 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,031 | 54 | 36 | 44 | 399 | |
| Short-term investments | 1,361 | 286 | 320 | 311 | 123 | |
| Accounts receivable, net | 67 | 10 | 11 | 3 | 707,000 | |
| Prepaid expenses and other current assets | 128 | 28 | 23 | 13 | 6 | |
| Total current assets | 2,586 | 379 | 390 | 372 | 530 | |
| Long-term investments | 945 | 24 | 100 | 182 | 80 | |
| Property and equipment, net | 120 | 53 | 38 | 26 | 19 | |
| Operating lease right-of-use assets | 23 | 9 | 5 | 4 | 4 | |
| Intangible assets, net | 767 | 29 | 15 | 9 | 6 | |
| Goodwill | 1,964 | 10 | 742,000 | 742,000 | 0 | |
| Other noncurrent assets | 165 | 4 | 5 | 5 | 4 | |
| Total Assets | 6,570 | 508 | 554 | 598 | 642 | |
| Accounts payable | 26 | 5 | 6 | 3 | 2 | |
| Accrued expenses and other current liabilities | 90 | 17 | 18 | 7 | 3 | |
| Current portion of operating lease liabilities | 9 | 3 | 710,000 | 591,000 | 568,000 | |
| Unearned revenue | 42 | 11 | 12 | 9 | 3 | |
| Total current liabilities | 167 | 36 | 37 | 20 | 10 | |
| Operating lease liabilities, net of current portion | 21 | 14 | 7 | 3 | 4 | |
| Unearned revenue, net of current portion | 2 | 0 | 447,000 | 1 | 2 | |
| Warrant liabilities | 2,472 | 71 | 23 | 4 | 34 | |
| Other noncurrent liabilities | 95 | 3 | 128,000 | 303,000 | 0 | |
| Total liabilities | 2,757 | 125 | 69 | 30 | 51 | |
| Commitments and contingencies (see Note 11) | — | — | — | — | — | |
| Common stock $0.0001 par value; 1,000,000,000 shares authorized; 362,592,722 and 221,919,191 shares outstanding as of December 31, 2025 and December 31, 2024, respectively | 36,000 | 22,000 | 20,000 | 20,000 | 19,000 | |
| Additional paid-in capital | 5,006 | 1,067 | 839 | 770 | 737 | |
| Accumulated deficit | −1,194 | −684 | −352 | −194 | −146 | |
| Accumulated other comprehensive income (loss) | −13 | 157,000 | −2 | −7 | −148,000 | |
| Total IonQ, Inc. stockholders' equity | 3,800 | 384 | 485 | 568 | 591 | |
| Noncontrolling interests | 14 | 0 | — | — | — | |
| Total stockholders' equity | 3,814 | 384 | 485 | 568 | — | |
| Total Liabilities and Stockholders' Equity | 6,570 | 508 | 554 | 598 | 642 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Stock-based compensation | 312 | 107 | 70 | 31 | 8 | |
| Deferred income taxes | −45 | 0 | 0 | — | — | |
| Amortization of premiums and accretion of discounts on available-for-sale securities | −8 | −9 | −10 | −2 | — | |
| Other, net | 18 | 5 | 2 | 441,000 | 101,000 | |
| Accounts receivable | −38 | 2 | −8 | −2 | −317,000 | |
| Prepaid expenses and other current assets | −72 | −15 | −14 | −7 | −4 | |
| Accounts payable | −8 | −601,000 | 2 | 1 | 763,000 | |
| Accrued expenses and other current liabilities | 7 | −411,000 | 3 | 1 | 1 | |
| Unearned revenue | 9 | −2 | 3 | 4 | 4 | |
| Other assets and liabilities | −8 | 3 | 2 | −269,000 | −2 | |
| Net cash provided by (used in) operating activities | −283 | −106 | −79 | −45 | −27 | |
| Purchases of property and equipment | −16 | −18 | −14 | −9 | −8 | |
| Purchases of available-for-sale securities | −2,669 | −296 | −298 | −606 | −204 | |
| Maturities of available-for-sale securities | 683 | 418 | 387 | 310 | 0 | |
| Purchases of privately-held securities | −89 | 0 | 0 | — | — | |
| Businesses acquired, net of cash paid and acquired | 523,000 | −15 | 0 | — | — | |
| Other investing, net | −4 | −6 | −6 | — | — | |
| Net cash provided by (used in) investing activities | −2,095 | 83 | 69 | −309 | −214 | |
| Proceeds from Issuance of Common Stock | 3,313 | 0 | 0 | — | — | |
| Proceeds from stock options exercised | 27 | 8 | 2 | 1 | 5 | |
| Proceeds from warrants exercised | 11 | 33 | 37,000 | 17,000 | — | |
| Other financing, net | 8 | 238,000 | −230,000 | 20,000 | — | |
| Net cash provided by (used in) financing activities | 3,359 | 42 | 2 | 1 | 603 | |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | 581,000 | 25,000 | −2,000 | 0 | — | |
| Net change in cash, cash equivalents and restricted cash | 981 | 19 | −8 | −353 | 363 | |
| Property and equipment purchases in accounts payable and accrued expenses | 1 | 1 | 773,000 | 485,000 | 553,000 | |
| Operating lease right-of-use assets subject to lease liability | 0 | 6 | 2 | 0 | — | |
| Noncash reclassification of warrant liabilities to equity upon exercise | 532 | 69 | 20,000 | 8,000 | 80 | |
| Bonus settled in restricted stock units | 7 | 11 | 4 | 473,000 | 0 | |
| Equity issued for acquisitions | 2,588 | 0 | 0 | — | — | |
| Equity issued for intangible assets | 48 | 0 | 0 | — | — | |
| Equity issued for research and development arrangement | 69 | 0 | 0 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is IonQ, Inc.'s CIK number?
IonQ, Inc.'s SEC CIK number is 0001824920 (1824920). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find IonQ, Inc.'s SEC filings?
All of IonQ, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did IonQ, Inc. last report earnings?
IonQ, Inc. (IONQ) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-208923). This is IonQ, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is IonQ, Inc.'s most recent earnings 8-K?
IonQ, Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001193125-26-208923. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View IonQ, Inc.'s latest earnings 8-K →
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