Trading volume averaging 6.1M shares signals heightened interest from retail and institutional markets. Revenue grew 95% YoY to $43 million, and with roughly $340 million in cash and zero long-term debt, IonQ has the runway to fund R&D for several years. Despite this, the business model remains highly speculative, with net margins of -770%, free cash flow margins of -287%, and SG&A at 545% of revenue. Most revenue comes from experimental use cases and government partnerships, as quantum computing is still far from scalable for enterprise adoption, and profitability is not expected through 2027. IonQ (NYSE: IONQ) wants to do for quantum computing what Nvidia did for artificial intelligence (AI), and it's not shy about saying so. The company is trying to solve one of the hardest problems in tech, which is to make quantum computing less prone to errors. Fundamental analysis indicates IonQ stock price stability is aided by a robust backlog of enterprise contracts. Street estimates imply revenue doubling over the next 24 months, positioning the firm as a leader in quantum compute services.
