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IonQ stock: key metrics
IONQIonQ had an operating margin of −487.4% and a return on invested capital (ROIC) of −66.2% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2019 | 56.0% | −4,627.5% | −4,467.5% |
| 2020 | no data | no data | no data |
| 2021 | −70.9% | −1,843.1% | −5,058.9% |
| 2022 | 23.2% | −770.3% | −435.8% |
| 2023 | 63.2% | −715.7% | −715.8% |
| 2024 | 52.2% | −539.7% | −770.0% |
| 2025 | 40.4% | −487.4% | −392.6% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2019 | −14.0% | −11.3% | −13.7% |
| 2020 | −28.7% | −92.1% | −25.5% |
| 2021 | −18.0% | −8.8% | −16.5% |
| 2022 | −8.5% | −46.8% | −8.1% |
| 2023 | −32.5% | −70.4% | −28.5% |
| 2024 | −86.4% | −37.1% | −65.2% |
| 2025 | −13.4% | −66.2% | −7.8% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 29 May 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.