IONQ fundamental anlaysis

**IonQ Inc. (IONQ) Fundamental Analysis** 🧬

1. **Financial Performance**:
- **Revenue Growth**: IonQ's total revenue grew by 96.71% over the last three years, reaching $7.57 million in the most recent quarter. This indicates a strong revenue trajectory, although the year-over-year growth rate was negative by 0.21% in the most recent quarter.
- **Net Income Growth**: The company's net income improved significantly, growing by 18.54% year-over-year, reaching -$32.25 million in the most recent quarter. This shows a trend towards profitability, despite the negative net income figure.
- **Earnings Per Share (EPS)**: The diluted EPS was -$0.14 in the most recent quarter, which represents a 26.32% year-over-year growth. This suggests that the company's losses are decreasing relative to its share count.

|code|Ticker|Name|Date|Total Revenue|Net Income|Diluted EPS|market_code|
|---|---|---|---|---|---|---|---|
|IONQ|IONQ.N|IonQ|2024 Q2|1.1381E7|-3.7561E7|-0.18|169|
|IONQ|IONQ.N|IonQ|2024 Q3|1.24E7|-5.2496E7|-0.24|169|
|IONQ|IONQ.N|IonQ|2024 Q4|1.171E7|-2.01998E8||169|
|IONQ|IONQ.N|IonQ|2025 Q1|7566000|-3.2252E7|-0.14|169|

|code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY|market_code|
|---|---|---|---|---|---|---|---|
|IONQ|IONQ.N|IonQ|2024 Q2|14.083443890388397|106.36446056210336|18.181818181818183|169|
|IONQ|IONQ.N|IonQ|2024 Q3|-17.149806967039343|102.08604954367667|-9.090909090909086|169|
|IONQ|IONQ.N|IonQ|2024 Q4|-382.04944635357003|91.77857844742876||169|
|IONQ|IONQ.N|IonQ|2025 Q1|18.539098807839967|-0.21102611448166714|26.315789473684205|169|

2. **Stock Valuation Metrics**:
- IonQ's P/E ratio is 228.12, indicating that the stock is trading at a premium compared to the industry average. This could be due to the high growth expectations in the quantum computing sector.
- The P/S ratio is 10.54, suggesting that the stock is relatively expensive compared to sales.
- The P/B ratio is 1.67, which is moderate and suggests a reasonable valuation based on book value.

|code|Ticker|Name|Date|P/E(TTM)|P/S|Price to Book Ratio|market_code|
|---|---|---|---|---|---|---|---|
|IONQ|IONQ.N|IonQ|20240605|-9.8623|55.29008082003429|3.495093620283928|169|
|IONQ|IONQ.N|IonQ|20240606|-9.737933|54.59285407577157|3.451019299725493|169|
|IONQ|IONQ.N|IonQ|20240607|-9.775243|54.80202209905038|3.4642415958930237|169|
|IONQ|IONQ.N|IonQ|20240610|-10.222964|57.3120383783962|3.622909149903391|169|
|IONQ|IONQ.N|IonQ|20240611|-9.787679|54.87174477347666|3.468649027948867|169|
|IONQ|IONQ.N|IonQ|20240612|-9.887173|55.42952616888684|3.5039084843956156|169|
|IONQ|IONQ.N|IonQ|20240613|-9.588692|53.756181982656294|3.3981301150553707|169|
|IONQ|IONQ.N|IonQ|20240614|-9.576256|53.68645930823002|3.393722682999527|169|
|IONQ|IONQ.N|IonQ|20240617|-9.402142|52.7103418662622|3.332018634217717|169|
|IONQ|IONQ.N|IonQ|20240618|-8.966857|50.27004826134266|3.1777585122631935|169|

3. **Cash Flow and Liquidity**:
- IonQ has a positive free cash flow of $162 million, indicating a strong capacity to generate cash.
- The company's debt-to-equity ratio is 1.68%, which is low and suggests a strong interest coverage capacity.

|code|Ticker|Name|Date|Free Cash Flow|Debt-to-Equity Ratio|market_code|
|---|---|---|---|---|---|---|
|EL|EL.N|The Estee Lauder|2024 Q4||1.4623635679337599|169|
|EL|EL.N|The Estee Lauder|2025 Q1|9.32733304E8|1.5371754523996852|169|
|EL|EL.N|The Estee Lauder|2025 Q2|3.558084E7|1.7462221156152555|169|
|EL|EL.N|The Estee Lauder|2025 Q3|9.7008672E8|1.6803222094361334|169|

|code|Ticker|Name|Date|Free Cash Flow|Investing Cash Flow|Operating Cash Flow|Financing Cash Flow|market_code|
|---|---|---|---|---|---|---|---|---|
|EL|EL.N|The Estee Lauder|2024 Q4||-2.25E8|8.89E8|-9.76E8|169|
|EL|EL.N|The Estee Lauder|2025 Q1|9.32733304E8|-1.6E8|-6.7E8|-2.26E8|169|
|EL|EL.N|The Estee Lauder|2025 Q2|3.558084E7|-1.34E8|1.057E9|-6.52E8|169|
|EL|EL.N|The Estee Lauder|2025 Q3|9.7008672E8|-1.14E8|2.84E8|-1.38E8|169|

4. **Growth Focus**: IonQ's strategic investments and partnerships, such as with Einride for quantum applications in logistics, and its aggressive expansion plans, suggest a clear growth focus.
5. **Challenges**: The company's financial statements show a substantial increase in research and development costs, which could indicate significant expenses related to innovation. The volatility in the quantum computing sector could also pose a risk to the company's financial performance.

In conclusion, IonQ Inc. shows strong revenue growth and a positive trend towards profitability, with a strong cash flow position and a strategic focus on growth. However, the high P/E ratio and the volatility in the quantum computing sector present challenges that investors should be aware of.