IonQ Inc (IONQ)

Technology | Computer Hardware
Income Statement (Quarterly) 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Revenue 7,566,000 11,710,000 12,400,000 11,381,000
Cost of Revenue 4,315,000 740,000 6,515,000 9,928,000
Gross Profit 3,251,000 10,970,000 5,885,000 1,453,000
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 32,416,000 38,587,000 20,952,000 19,190,000
Operating Expenses 78,930,000 88,473,000 59,020,000 50,394,000
Operating Income -75,679,000 -77,503,000 -53,135,000 -48,941,000
Interest Expense 0 0 0 0
Income Before Tax -32,240,000 -201,978,000 -52,480,000 -37,546,000
Income Tax Expense 12,000 20,000 16,000 15,000
Net Income -32,252,000 -201,998,000 -52,496,000 -37,561,000
Per Share
EPS -0.14 -0.93 -0.24 -0.18
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenue 43,073,000 22,042,000 11,131,000 2,099,000 0
Cost of Revenue 20,597,000 8,108,000 2,944,000 1,040,000 143,000
Gross Profit 22,476,000 13,934,000 8,187,000 1,059,000 -143,000
Operating Expenses
R&D Expenses 0 0 0 0 0
SG&A Expenses 99,450,000 68,992,000 44,351,000 16,970,000 4,033,000
Operating Expenses 254,931,000 171,688,000 93,933,000 39,746,000 15,590,000
Operating Income -232,455,000 -157,754,000 -85,746,000 -38,687,000 -15,733,000
Interest Expense 0 0 -37,235,000 -4,259,000 0
Income Before Tax -331,588,000 -157,723,000 -48,511,000 -106,186,000 -15,424,000
Income Tax Expense 59,000 48,000 -37,235,000 0 0
Net Income -331,647,000 -157,771,000 -48,511,000 -106,186,000 -15,424,000
Per Share
EPS -1.56 -0.78 -0.25 -0.77 -0.08
EPS Diluted 0.00 0.00 0.00 0.00 0.00
Balance Sheet (Quarterly) 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets
Cash and Cash Equivalents 54,393,000 35,665,000 44,367,000 399,025,000
Short Term Investments 285,896,000 319,776,000 311,430,000 123,443,000
Net Receivables 12,409,000 11,467,000 3,292,000 707,000
Inventory 18,658,000 12,476,000 1 0
Total Current Assets 378,802,000 389,989,000 371,628,000 529,617,000
Property Plant Equipment 62,231,000 42,128,000 29,767,000 22,902,000
Goodwill and Intangibles 39,373,000 15,819,000 9,686,000 5,841,000
Total Assets 508,388,000 555,427,000 597,992,000 642,028,000
Liabilities
Account Payables 5,230,000 5,599,000 3,055,000 1,882,000
Short Term Debt 3,366,000 710,000 591,000 568,000
Total Current Liabilities 36,085,000 37,164,000 20,160,000 9,691,000
Long Term Debt 14,359,000 7,395,000 3,459,000 3,643,000
Total Liabilities 124,526,000 70,433,000 29,781,000 50,798,000
Shareholders Equity
Retained Earnings -683,720,000 -352,073,000 -194,302,000 -145,791,000
Total Shareholders Equity 383,862,000 484,994,000 568,211,000 591,230,000
Balance Sheet (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets
Cash and Cash Equivalents 54,393,000 35,665,000 44,367,000 399,025,000 36,120,000
Short Term Investments 285,896,000 319,776,000 311,430,000 123,443,000 0
Net Receivables 12,409,000 11,467,000 3,292,000 707,000 390,000
Inventory 18,658,000 12,476,000 1 0 0
Total Current Assets 378,802,000 389,989,000 371,628,000 529,617,000 38,579,000
Property Plant Equipment 62,231,000 42,128,000 29,767,000 22,902,000 16,284,000
Goodwill and Intangibles 39,373,000 15,819,000 9,686,000 5,841,000 2,687,000
Total Assets 508,388,000 555,427,000 597,992,000 642,028,000 60,478,000
Liabilities
Account Payables 5,230,000 5,599,000 3,055,000 1,882,000 538,000
Short Term Debt 3,366,000 710,000 591,000 568,000 495,000
Total Current Liabilities 36,085,000 37,164,000 20,160,000 9,691,000 1,881,000
Long Term Debt 14,359,000 7,395,000 3,459,000 3,643,000 3,776,000
Total Liabilities 124,526,000 70,433,000 29,781,000 50,798,000 6,775,000
Shareholders Equity
Retained Earnings -683,720,000 -352,073,000 -194,302,000 -145,791,000 -39,605,000
Total Shareholders Equity 383,862,000 484,994,000 568,211,000 591,230,000 53,703,000
Cash Flow Statement (Quarterly) 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Activities
Net Income -331,647,000 -157,771,000 -48,511,000 -106,186,000
Depreciation & Amortization 18,654,000 10,375,000 5,604,000 2,548,000
Stock Based Compensation 106,878,000 69,743,000 31,456,000 7,748,000
Change in Working Capital -13,194,000 -12,612,000 -2,495,000 -202,000
Operating Cash Flow -105,683,000 -78,811,000 -44,698,000 -26,537,000
Investing Activities
Capital Expenditure -23,569,000 -19,549,000 -12,564,000 -10,024,000
Investments -17,992,000 -19,549,000 -12,564,000 -7,783,000
Investing Cash Flow 82,730,000 68,766,000 -309,056,000 -213,785,000
Financing Activities
Debt Repayment 0 0 -1,981,000 0
Common Stock Issued/Repurchased 0 1,954,000 -905,000 0
Dividends Paid 0 0 -905,000 0
Financing Cash Flow 41,687,000 1,761,000 1,096,000 603,227,000
Summary
Free Cash Flow -129,252,000 -98,360,000 -57,262,000 -36,561,000
Net Change in Cash 18,759,000 -8,702,000 -352,658,000 362,905,000
Cash Flow Statement (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Activities
Net Income -331,647,000 -157,771,000 -48,511,000 -106,186,000 -15,424,000
Depreciation & Amortization 18,654,000 10,375,000 5,604,000 2,548,000 1,400,000
Stock Based Compensation 106,878,000 69,743,000 31,456,000 7,748,000 1,224,000
Change in Working Capital -13,194,000 -12,612,000 -2,495,000 -202,000 678,000
Operating Cash Flow -105,683,000 -78,811,000 -44,698,000 -26,537,000 -12,007,000
Investing Activities
Capital Expenditure -23,569,000 -19,549,000 -12,564,000 -10,024,000 -11,676,000
Investments -17,992,000 -19,549,000 -12,564,000 -7,783,000 -10,032,000
Investing Cash Flow 82,730,000 68,766,000 -309,056,000 -213,785,000 -11,676,000
Financing Activities
Debt Repayment 0 0 -1,981,000 0 0
Common Stock Issued/Repurchased 0 1,954,000 -905,000 0 0
Dividends Paid 0 0 -905,000 0 0
Financing Cash Flow 41,687,000 1,761,000 1,096,000 603,227,000 276,000
Summary
Free Cash Flow -129,252,000 -98,360,000 -57,262,000 -36,561,000 -23,683,000
Net Change in Cash 18,759,000 -8,702,000 -352,658,000 362,905,000 -23,407,000