IonQ, Inc. (IONQ)

In the past six months, IonQ's stock has experienced several notable events, including a $1.0 billion equity offering in July 2025. As of January 9, 2026, the stock price was $49.45 per share, an increase of 77.49% from January 13, 2025. In Q3 2025, IonQ's revenue surged 221.5% year-over-year, exceeding company guidance by 37%, and the company raised its full-year 2025 revenue guidance. Despite strong revenue growth, the stock's valuation remains high, and the company continues to have a high cash burn rate and is currently unprofitable. Insider trading activity in the past six months shows 1 purchase and 12 sales by insiders.

Historically, IonQ has observed some seasonality in its demand, with the second quarter typically being slower and the third quarter showing better business in terms of backlog. However, the company is actively working to break this seasonality, and expects Q4 2025 revenues to be even stronger than Q3. The surge in backlog in Q2 2025 was also noted as encouraging, indicating a potential shift in historical patterns. While implied volatility for IONQ historically tended to rise most in February and decline to its lowest levels in August, the company's recent performance suggests a move towards more consistent demand.

IonQ, Inc. is an American quantum computing hardware and software company specializing in developing general-purpose trapped-ion quantum computers and accompanying software. Founded in 2015, IonQ operates within the technology sector, specifically in the quantum computing industry, developing quantum processing units (QPUs), quantum computing systems, and quantum computing services. IonQ's major products include the IonQ Aria quantum computer with 25 algorithmic qubits and the IonQ Forte with 32 algorithmic qubits. The company offers access to its quantum computing systems through major cloud platforms and its own IonQ Quantum Cloud. IonQ's business model encompasses hardware sales, Quantum Computing as a Service (QCaaS), and research partnerships. The company is also expanding into quantum networking and sensing solutions and focusing on quantum-safe security.

IonQ is headquartered in College Park, Maryland, USA, with additional office locations in Bothell, Washington, USA; Toronto, Ontario, Canada; Basel, Switzerland; and Sweden. The Seattle site is a dedicated quantum computing manufacturing facility. IonQ has a growing international presence, with international revenue accounting for 30% of its total in Q3 2025. IonQ is also solidifying its role as a partner for nations building quantum economies, including an MOU with AIST's G-QuAT in Japan and a finalized agreement to deliver a 100-qubit quantum system in South Korea.

In the past year, IonQ has focused on building a strong brand reputation through technological advancements, strategic acquisitions, and expanding its full-stack quantum platform. The company achieved Algorithmic Qubit (#AQ) 64 on its IonQ Tempo system in 2025 and completed strategic acquisitions of ID Quantique, Lightsynq, and Oxford Ionics in 2025. IonQ's advancements in quantum networking also position the company as a leader in building the quantum internet. The company's innovative technology and rapid growth were recognized in Newsweek's 2025 Excellence Index 1000, Forbes' 2025 Most Successful Mid-Cap Companies list, and Built In's 2025 100 Best Midsize Places to Work. IonQ Federal, a dedicated division for government contracts, was launched in September 2025, and the company's patent portfolio surpassed 1,000 IP assets in quantum computing in August 2025.

IonQ's ownership structure is a mix of institutional, individual, and insider investors. Individual investors hold the largest share, accounting for 51% of the company's ownership, while institutions account for 47%. Approximately 1.01% of the company's stock is owned by insiders. Major institutional owners of IonQ include Vanguard Group Inc., Morgan Stanley, BlackRock, Inc., and others, with Vanguard Group, Inc. being the largest shareholder.