Analysis published 16 Jun 2026

AI-generated · cited to primary sources · not investment advice

IonQ, Inc. Common Stock (IONQ) Mar 2025 Filing Analysis

01 · Management Credibility

Does management do what it says?

MissedSBC, Dilution, and Free Cash Flow
78/100

The company has issued a significant portion of the planned shares for the ID Quantique and Lightsynq acquisitions, with the Capella Space acquisition closing shortly after the quarter end. (2 in progress, 2 met, 1 exceeded across 5 tracked commitments)

In connection with these transactions, the Company expects to issue an aggregate 24.2 million shares of common stock and stock options.

IonQ, Inc. Common Stock · QUARTERLY_REPORT · Mar 2025 · p.33
MetOperating Margin Reset
68/100

The company continues to report significant operating losses, which have widened year-over-year as they prioritize R&D and technical milestones. (2 in progress, 1 met across 3 tracked commitments)

We expect our general and administrative expenses to increase for the foreseeable future as we scale our support functions with the growth of our business.

IonQ, Inc. Common Stock · QUARTERLY_REPORT · Mar 2025 · p.37

See the full cited Management analysis of IonQ, Inc. Common Stock

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