# IonQ, Inc. (IONQ) · Edgar & Edgarette company card

> IonQ (IONQ) grew revenue 202% in FY2025 to $130 million, operating margin -487% against a 6.6% median for computer integrated systems design, equity 57.8% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1824920 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/IONQ) · [JSON](https://www.pops4.com/boards/company/IONQ.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $130M |
| Revenue growth, 1 year | 201.9% |
| Revenue growth per year | 180.5% |
| Operating margin | -487.4% (prior year -539.7%) |
| Net margin | -393.9% |
| Operating cash flow | −$283M |
| Capital spending | $16M |
| Free cash flow | −$300M |
| Cash | $1.0B |
| Long-term debt | — |
| Total assets | $6.6B |
| Total equity | $3.8B |
| Equity ÷ assets | 57.8% |
| Return on equity | -13.5% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 2.62 (safe zone)
- Piotroski F: 4 of 9 (middling)
- Health Harbor boat: Rotting at the dock · four or more warning signs · slow and jumpy: growing slower than its size class, with revenue that swings more; operating cash flow was negative; operating loss: a margin of -487.4% in FY2025; revenue is hard to predict: its 80% range is ±28%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $130.0M (FY2025). Experience: revenue up 201.9% on the year, up 180.5% a year over 4 years; operating margin -487.4%, up from -539.7%. Soundness: equity 57.8% of assets, return on equity -13.5%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $166.8M and $298.3M next year (method v4.1: its own 2-year record of growth weighed at 25% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $144.0M to $347.6M. A statistical range, not company guidance. Against peers (23 filers, $50M+ revenue, services-computer integrated systems design): operating margin -487.4% against a 6.6% median; growth 201.9% against 6.0%.

Range logged 2026-09-25, receipt a4dd8978e2818db0, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 3, latest 2026-08-28 ([filing](https://www.sec.gov/Archives/edgar/data/1824920/000119312526374694/0001193125-26-374694-index.htm))

## Recent filings

- 8-K · filed 2026-10-16 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1824920/000119312526424230/0001193125-26-424230-index.htm)
- 8-K · filed 2026-10-13 · 1.01 Entry into a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1824920/000119312526419609/0001193125-26-419609-index.htm)
- 8-K · filed 2026-09-08 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1824920/000119312526384388/0001193125-26-384388-index.htm)
- 8-K · filed 2026-08-28 · 5.02 Departure or Election of Directors; Appointment of Officers; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1824920/000119312526374694/0001193125-26-374694-index.htm)
- 10-Q · filed 2026-08-10 · [filing](https://www.sec.gov/Archives/edgar/data/1824920/000119312526341001/0001193125-26-341001-index.htm)
- 8-K · filed 2026-08-07 · 3.02 Unregistered Sales of Equity Securities; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1824920/000119312526338998/0001193125-26-338998-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001824920.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1824920

## Cite

POPS4, Edgar & Edgarette: IonQ, Inc. (IONQ) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/IONQ. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.