IonQ, Inc.
IONQ, IONQ-WT · Services-Computer Integrated Systems Design · 373.3M shares · +14%/yr ↑ shares · EDGAR filings ↗
Reference price $55.01 · est. market cap ~$20.5B — last insider sale, 2026-06-18 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D50Quantum-computing company — explosive growth but deep losses and heavy cash burn, very well-funded.
Strengths
- Explosive growth, very cash-rich — revenue +202% (95th), current ratio 15.5 (98th)
Risks
- Deep losses — operating margin -487%, net margin -393%
- Heavy cash burn — FCF -$300M (10th)
- Unproven commercialization — per 10-K
Notable findings
- High convictionHigh conviction — notable institutional holders, insider buying, and a strong balance sheet
- Net lossNet loss (net margin -392.6%)
- Cash burnNegative free cash flow (-299.6M)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Strong balance sheetStrong balance sheet — $3.3B cash & investments, ~44 quarters of runway
- Insider buyingInsider buying — 1 open-market buy(s) by 1 insider(s) (~$115,155, last 6mo) Form 4 ↗
- AccumulatingInstitutional holders rose 12→13 QoQ (2025-12-31→2026-03-31)
- New fund positionNotable fund(s) opened this quarter: RENAISSANCE TECHNOLOGIES LLC
- Insider sellingInsider selling — 8 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$1M, last 6mo) Form 4 ↗
- Notable holderHeld by 5 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, CITADEL ADVISORS LLC +2 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-487.4%
Net margin
-392.6%
Return on equity
-13.4%
Return on assets
-7.8%
Revenue growth (QoQ)
4.5%
Current ratio
15.5×
Free cash flow
-$300M
EBITDA
-$552M
Tangible book value
$1.1B
Cash & investments
$3.3B
Cash runway
44q
Stock comp / revenue
240.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-18 | Raymond John w | Sell | 3.8K | $55.01 |
| 2026-06-18 | TOLEDANO GABRIELLE B | Sell | 2.8K | $55.01 |
| 2026-06-18 | Chou Kathryn K. | Sell | 2.8K | $55.02 |
| 2026-06-17 | FRANKOLA JIM | Grant | 4.5K | — |
| 2026-06-17 | TEUBER WILLIAM J JR | Grant | 4.5K | — |
| 2026-06-17 | Scannell William F | Grant | 4.5K | — |
| 2026-06-17 | Chou Kathryn K. | Grant | 4.5K | — |
| 2026-06-17 | TOLEDANO GABRIELLE B | Grant | 4.5K | — |
| 2026-06-16 | Singh Inder M | Tax withheld | 2.6K | $59.75 |
| 2026-06-11 | de Masi Niccolo | Tax withheld | 16K | $56.21 |
| 2026-06-11 | Singh Inder M | Tax withheld | 6.3K | $56.21 |
| 2026-06-11 | Cardillo Robert T. | Tax withheld | 904 | $56.21 |
| 2026-06-11 | DACIER PAUL T | Tax withheld | 4.1K | $56.21 |
| 2026-05-06 | Cardillo Robert T. | Option exercise | 3.8K | $11.24 |
| 2026-05-06 | Cardillo Robert T. | Sell | 3.8K | $49.90 |
| 2026-04-16 | Cardillo Robert T. | Sell | 2.5K | $44.90 |
| 2026-04-16 | Cardillo Robert T. | Option exercise | 2.5K | $11.24 |
| 2026-03-12 | Raymond John w | Sell | 2.8K | $33.34 |
| 2026-03-11 | Cardillo Robert T. | Tax withheld | 904 | $34.80 |
| 2026-03-11 | DACIER PAUL T | Tax withheld | 6.2K | $34.80 |
| 2026-03-11 | Singh Inder M | Tax withheld | 8.1K | $34.80 |
| 2026-03-11 | de Masi Niccolo | Tax withheld | 21K | $34.80 |
| 2026-03-02 | Cardillo Robert T. | Grant | 32K | — |
| 2026-02-27 | TEUBER WILLIAM J JR | Buy | 3.0K | $38.38 |
| 2026-02-27 | Cardillo Robert T. | Tax withheld | 3.1K | $39.19 |
| 2026-02-26 | Cardillo Robert T. | Sell | 5.2K | $39.44 |
| 2026-02-26 | Cardillo Robert T. | Option exercise | 2.5K | $11.24 |
| 2026-02-24 | TOLEDANO GABRIELLE B | Sell | 616 | $31.00 |
| 2026-02-20 | DACIER PAUL T | Grant | 4.4K | — |
| 2026-02-20 | de Masi Niccolo | Grant | 12K | — |
| 2026-02-20 | Singh Inder M | Grant | 3.7K | — |
| 2025-12-22 | Chou Kathryn K. | Option exercise | 5.0K | $4.61 |
| 2025-12-22 | Chou Kathryn K. | Sell | 5.0K | $55.00 |
| 2025-12-11 | de Masi Niccolo | Tax withheld | 16K | $50.49 |
| 2025-12-11 | Millard Scott Francis | Tax withheld | 20K | $50.49 |
| 2025-12-11 | DACIER PAUL T | Tax withheld | 4.1K | $50.49 |
| 2025-12-11 | Chou Kathryn K. | Option exercise | 20K | $4.61 |
| 2025-12-11 | Chou Kathryn K. | Sell | 20K | $51.40 |
| 2025-12-11 | Singh Inder M | Tax withheld | 13K | $50.49 |
| 2025-11-20 | Alameddine Rima | Sell | 100K | $46.89 |
| 2025-11-17 | Raymond John w | Grant | 84K | — |
| 2025-11-11 | TEUBER WILLIAM J JR | Buy | 2.0K | $54.81 |
| 2025-11-10 | Singh Inder M | Grant | 275K | — |
| 2025-10-06 | Acosta Dean P. | Grant | 76K | — |
| 2025-09-25 | Raymond John w | Grant | 3.1K | — |
| 2025-09-12 | Cardillo Robert T. | Option exercise | 8.8K | $11.24 |
| 2025-09-12 | Cardillo Robert T. | Sell | 8.8K | $50.52 |
| 2025-09-11 | Alameddine Rima | Sell | 20K | $44.40 |
| 2025-09-11 | DACIER PAUL T | Sell | 4.2K | $44.40 |
| 2025-09-11 | de Masi Niccolo | Sell | 16K | $44.40 |
| 2025-09-10 | Cardillo Robert T. | Grant | 46K | — |
| 2025-09-10 | Cardillo Robert T. | Grant | 32K | — |
| 2025-09-04 | Singh Inder M | Grant | 160K | — |
| 2025-09-03 | Kramer Thomas G. | Sell | 65K | $41.82 |
| 2025-08-26 | FRANKOLA JIM | Grant | 4.4K | — |
| 2025-08-26 | TEUBER WILLIAM J JR | Grant | 4.4K | — |
| 2025-08-13 | Singh Inder M | Sell | 50K | $43.02 |
| 2025-08-13 | Singh Inder M | Option exercise | 34K | $12.93 |
| 2025-08-13 | Singh Inder M | Option exercise | 2.0K | $5.72 |
| 2025-08-13 | Singh Inder M | Option exercise | 15K | $13.53 |
| 2025-08-13 | de Masi Niccolo | Grant | 485K | — |
| 2025-08-13 | DACIER PAUL T | Grant | 109K | — |
| 2025-08-06 | Kramer Thomas G. | Sell | 18K | $41.28 |
| 2025-08-01 | Singh Inder M | Option exercise | 10K | $5.72 |
| 2025-08-01 | Singh Inder M | Sell | 37K | $38.28 |
| 2025-07-23 | TOLEDANO GABRIELLE B | Grant | 3.7K | — |
| 2025-07-21 | Kramer Thomas G. | Sell | 47K | $47.70 |
| 2025-07-14 | DACIER PAUL T | Grant | 9.4K | — |
| 2025-07-11 | Chou Kathryn K. | Sell | 6.8K | $43.14 |
| 2025-07-08 | Kramer Thomas G. | Sell | 43K | $47.73 |
| 2025-07-07 | Chou Kathryn K. | Sell | 5.0K | $46.18 |
| 2025-07-07 | Alameddine Rima | Option exercise | 45K | $4.65 |
| 2025-07-07 | Alameddine Rima | Sell | 45K | $46.18 |
| 2025-07-07 | Chou Kathryn K. | Option exercise | 5.0K | $4.61 |
| 2025-07-02 | Kramer Thomas G. | Sell | 72K | $42.26 |
| 2025-06-20 | Chapman Peter Hume | Option exercise | 1.5M | $0.13 |
| 2025-06-20 | Chapman Peter Hume | Sell | 1.5M | $39.93 |
| 2025-06-18 | Singh Inder M | Grant | 5.5K | — |
| 2025-06-18 | Cardillo Robert T. | Grant | 5.5K | — |
| 2025-06-18 | Chou Kathryn K. | Grant | 5.5K | — |
| 2025-06-18 | Scannell William F | Grant | 5.5K | — |
| 2025-06-18 | TOLEDANO GABRIELLE B | Grant | 5.5K | — |
| 2025-06-17 | Chapman Peter Hume | Option exercise | 911K | $0.13 |
| 2025-06-17 | Chapman Peter Hume | Sell | 911K | $37.78 |
| 2025-06-16 | Kramer Thomas G. | Sell | 216K | $38.11 |
| 2025-06-16 | Chapman Peter Hume | Option exercise | 3.6M | $0.13 |
| 2025-06-16 | Chapman Peter Hume | Sell | 3.6M | $38.13 |
| 2025-06-13 | Alameddine Rima | Sell | 65K | $38.57 |
| 2025-06-13 | Alameddine Rima | Option exercise | 65K | $4.65 |
| 2025-06-12 | Thomas Wendy | Option exercise | 5.0K | $4.62 |
| 2025-06-12 | Thomas Wendy | Sell | 17K | $39.43 |
| 2025-06-12 | Singh Inder M | Option exercise | 10K | $5.72 |
| 2025-06-12 | Singh Inder M | Sell | 43K | $39.18 |
| 2025-06-11 | TOLEDANO GABRIELLE B | Sell | 792 | $41.50 |
| 2025-06-11 | de Masi Niccolo | Sell | 2.6M | $40.34 |
| 2025-06-11 | Alameddine Rima | Sell | 20K | $41.60 |
| 2025-06-11 | Kramer Thomas G. | Sell | 10.0K | $41.60 |
| 2025-06-11 | Chapman Peter Hume | Sell | 12K | $41.60 |
| 2025-06-11 | Chou Kathryn K. | Option exercise | 14K | $4.61 |
| 2025-06-11 | Chou Kathryn K. | Sell | 26K | $40.46 |
| 2025-06-11 | Cardillo Robert T. | Sell | 10K | $40.22 |
| 2025-06-09 | de Masi Niccolo | Sell | 9.3K | $42.23 |
| 2025-03-12 | Scannell William F | Buy | 93K | $21.81 |
| 2025-03-11 | Chapman Peter Hume | Sell | 12K | $18.57 |
| 2025-03-11 | Kramer Thomas G. | Sell | 12K | $18.57 |
| 2025-03-11 | Chapman Peter Hume | Option exercise | 2.0M | $0.13 |
| 2025-03-11 | Chapman Peter Hume | Sell | 2.0M | $18.72 |
| 2025-03-11 | Chapman Peter Hume | Option exercise | 1.5M | $0.13 |
| 2025-03-11 | Chapman Peter Hume | Sell | 2.0M | $18.72 |
| 2025-03-11 | Chapman Peter Hume | Option exercise | 472K | $7.63 |
| 2025-03-11 | Alameddine Rima | Sell | 20K | $18.57 |
| 2025-03-06 | Alameddine Rima | Sell | 1.4K | $21.20 |
| 2025-02-26 | de Masi Niccolo | Grant | 668K | — |
| 2025-02-24 | TOLEDANO GABRIELLE B | Grant | 1.6K | — |
| 2025-02-21 | Kramer Thomas G. | Grant | 2.9K | — |
| 2025-02-21 | Kramer Thomas G. | Grant | 27K | — |
| 2025-02-21 | Alameddine Rima | Grant | 2.9K | — |
| 2025-02-21 | Alameddine Rima | Grant | 20K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-22 | 2026-06-16 | 0001193125-26-276342 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001193125-26-211876 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001193125-26-208923 ↗ |
| 8-K | 2026-04-24 | 2026-04-24 | 0000950142-26-001187 ↗ |
| 8-K | 2026-03-25 | 2026-03-19 | 0001193125-26-124402 ↗ |
| 8-K | 2026-03-11 | 2026-03-10 | 0001193125-26-100814 ↗ |
| 8-K | 2026-02-27 | 2026-02-27 | 0001193125-26-083238 ↗ |
| 10-K | 2026-02-25 | 2025-12-31 | 0001193125-26-071562 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0001193125-26-071520 ↗ |
| 8-K | 2026-01-30 | 2026-01-26 | 0001193125-26-032000 ↗ |
| 8-K | 2026-01-26 | 2026-01-25 | 0001193125-26-021616 ↗ |
| 8-K/A | 2025-12-05 | 2025-09-02 | 0001193125-25-309948 ↗ |