Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Ionq, Inc.

IONQ · NYSE · Technology

Fundamental quality

REASONABLE

70

out of 100

Ionq, Inc. earns a fundamental-quality score of 70 out of 100, profiling it as a company of reasonable quality. Its score rests mainly on its financial strength (net debt 0.69× EBITDA). Its weakest area is its profitability (ROE 6.6%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

IonQ develops trapped-ion quantum computers, accessible through the major clouds. It's a very long-term bet: commercially useful quantum computing is still years away, and today's revenue is tiny relative to its valuation.

What will shape its future

  • Technical milestones: demonstrating practical advantage over classical computers is the only thing that validates the thesis.
  • The timeline: mass commercial usefulness is measured in years; patience (and cash) are part of the investment.
  • Competition from giants (Google, IBM, Microsoft) and other quantum approaches that could win out.

Breakdown by area

I.Profitability
48

ROE: 6.6%

II.Financial health
92

Net debt/EBITDA: 0.69x

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its profitability drags it down the most.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Strengths

  • Low leverage (net debt of 0.69× EBITDA).

Risks and weaknesses

  • No clear weaknesses in the recent fundamentals, though the system doesn't assess qualitative factors (competition, regulation, management).
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Is Ionq, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Ionq, Inc. a good company to invest in?

In terms of business quality, Ionq, Inc. scores 70 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Does Ionq, Inc. have a lot of debt?

Not particularly. Its net debt is 0.69 times its EBITDA, a low level.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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