# IonQ Inc. (IONQ) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Building Products. Price $39.52, market value $16.0 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). IonQ Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 65.0×**. Each dollar of revenue is priced at 65.0×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 4.5×**. The shares trade at 4.5× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -3.0%** (5-yr avg -3.4%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Operating margin: -408.2%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -392.6%**. The company reported a net loss over the last twelve months.
- **Return on equity: -13.4%**. Return on equity is negative because earnings are negative.
- **Return on assets: -20.8%**. Each dollar of assets produces -20.8% of profit.

## Growth
- **Revenue growth (1 yr): 201.9%** (3-yr 126.9%/yr). Revenue grew 201.9% over the last year.
- **EPS growth (1 yr): -16.7%**. Earnings per share fell 16.7%, slower than revenue, so margins compressed.

## Financial health
- **Current ratio: 15.50** (quick 15.50). Current assets cover the next year's liabilities 15.50 times.
- **Altman Z-score: 4.44**. A Z-score of 4.44 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. IonQ Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (13 analysts). 13 analysts cover IonQ Inc.; the consensus is strong_buy, with an average price target of $67.68 (+71% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -6.2%** (YTD -11.9%, 3-mo -30.4%). The shares are down 6.2% over twelve months including dividends.
- **From 52-week high: -53.3%** (52.6% above the low). Trading 53% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 46**. An RSI of 46 is neutral.
- **Beta (1 yr): 3.52** (volatility 96%). Beta of 3.52 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=IONQ · Page: https://foliofundamentals.com/stocks/ionq

Not investment advice.