IONQIonQ, Inc.
Services-Computer Integrated Systems Design
- Revenue
- $130M
- 202% YoY
- Operating margin
- -487.4%
- 9.7% YoY
- EBITDA
- −$552M
- 158% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired240% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear32% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2M | $11M | $22M | $43M | $130M | 202% |
| Operating income | −$39M | −$86M | −$158M | −$232M | −$634M | 173% |
| Net income | −$106M | −$49M | −$158M | −$332M | −$510M | 54% |
| Operating cash flow | −$27M | −$45M | −$79M | −$106M | −$283M | 168% |
| Capex | $8M | $9M | $14M | $18M | $16M | 8.8% |
| Stock-based comp | $8M | $31M | $70M | $107M | $312M | 192% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $90K · 1
- Net
- −$90K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 488 | 213 |
| FY2024 | — | — | 454 | 166 |
| FY2023 | — | — | 135 | 122 |
| FY2022 | — | — | 38 | 73 |
| FY2021 | — | — | 182 | 114 |