IonQ Valuation Multiples

IonQ Overview

About IonQ

IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The company currently makes access to its quantum computers available via cloud platforms and also to select customers via its own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (QCaaS). The company derives its revenue from its quantum-computing-as-a-service arrangements, consulting services related to co-developing algorithms on company's quantum computing systems and contracts associated with the design, development, and construction of specialized quantum computing systems together with related services.

Founded

2020

HQ

Employees

1.1K

Website

ionq.com

Sectors

Data StorageData CentersPure-Play AI SoftwareDeepTechQuantum ComputingGenerative AI

Financials (LTM)

Revenue: $151M

EBITDA: ($214M)

EV

$13B

Valuation Multiples

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IonQ Financials

IonQ reported last 12-month revenue of $151M and negative EBITDA of ($214M).

In the same LTM period, IonQ generated $78M in gross profit, ($214M) in EBITDA losses, and had net loss of ($577M).

IonQ P&L

In the most recent fiscal year, IonQ reported revenue of $130M and EBITDA of ($187M).

IonQ expects next 12-month revenue of XXX and NTM EBITDA of XXX

IonQ Stock Performance

IonQ has current market cap of $14B, and enterprise value of $13B.

IonQ's stock price is $38.34.

IonQ Valuation Multiples

IonQ trades at 84.2x EV/Revenue multiple, and (59.6x) EV/EBITDA.

IonQ Financial Valuation Multiples

As of March 14, 2026, IonQ has market cap of $14B and EV of $13B.

Equity research analysts estimate IonQ's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

IonQ has a P/E ratio of (23.9x).

IonQ Margins & Growth Rates

IonQ's revenue in the last 12 month grew by 72%.

IonQ's revenue per employee in the last FY averaged $0.1M.

IonQ's rule of 40 is (70%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

IonQ's rule of X is 38% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

IonQ Public Comps

See public comps and valuation multiples for other Data Storage and Data Centers comps.

IonQ M&A Activity

IonQ acquired XXX companies to date.

Last acquisition by IonQ was on XXXXXXXX, XXXXX. IonQ acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

IonQ Investment Activity

IonQ invested in XXX companies to date.

IonQ made its latest investment on XXXXXXXX, XXXXX. IonQ invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).