A research filter, not a predictor — not financial advice. Grades rank growth stocks on evidence-based quality signals from end-of-day data; they are not buy/sell calls or price forecasts. Always do your own research.

IonQ, Inc. IONQ

Mixed (early) Emerging Frontier sector · Trapped-ion quantum computer maker — pre-commercial, betting on quantum advantage.

🗓 Reports earnings in 74 days (2026-11-04) — calendar context, not a prediction.

IonQ, Inc. (IONQ) is an Emerging Frontier company, graded Mixed (early) on FrontierLab's evidence-based quality rubric (data as of 2026-08-21). Revenue grew 370.6% year-over-year at a 36.3% gross margin. Gross-profits-to-assets is 0.01; Rule of 40 is -43.4. Net share issuance 46.5% YoY (heavy issuance). 3 risk flags are noted below. Analyst mix: 16 buy / 4 hold / 0 sell.

These sentences are generated from the day's data by deterministic templates.

Key quality signals

Revenue growth (YoY)	370.6%
Gross margin	36.3%
Gross profits / assets	0.01
Rule of 40	-43.4
Net margin	-414%
Cash runway (months)	56.2
PEG	—
Price / sales	62.9

Quality checklist

Each line is one quality test behind the grade — ✓ passed · ~ borderline · ✗ failed. Hover a metric in the tables below for what it means.

~ Revenue growth — 370.6% (pass ≥ 20%)
~ Capital efficiency
~ Gross margin — 36.3% (pass ≥ 45% · Emerging Frontier)
✓ Gross-margin trend — 15.3 (pass ≥ 2)
✓ Share dilution — 46.5%
✗ Competitive moat — None
✓ Market size (TAM) — Large

Grade history

Graded Mixed (early) since 2026-06-10 — no grade changes recorded yet.

How have Early-stage-graded names performed?

The forward returns of all Early-stage-graded names since each grade was recorded — the bucket this name currently sits in, not a forecast of this individual stock.

Window	Forward record vs the S&P	Median
~1 month	69% of Early-stage-graded names beat the S&P over 21 sessions (95% CI 51–82%, N=32).	Median excess vs the S&P was +3.9%.
~3 months	building — 13 more sessions needed
~6 months	building — 76 more sessions needed

How have this name's flags scored?

Flag	N	Mean excess vs S&P
Burning cash — operating margin is negative.	35	+7.4%
Heavy dilution (~47%/yr) — top-decile share issuers have historically underperformed.	sample still too small to report (need ≥ 8)
Hyper-expansion — assets up ~403% in a year; aggressive expanders have historically lagged.	sample still too small to report (need ≥ 8)

These per-flag figures are observational — a flag firing is not a randomized assignment, so any edge can reflect what kind of names trip a flag, not the flag itself. Descriptive, not causal.

Scope: these are forward returns vs the S&P among names still covered at each horizon's end, within the curated universe — not a survivorship-clean whole-market backtest. Names later dropped from coverage are counted as attrition (not hidden), and single-session moves beyond ±300% are treated as split/data artifacts and excluded. How this is measured → · Full track record →

How it compares

Revenue growth: higher than most Emerging Frontier peers (N=8)

Gross margin: about mid-pack vs Emerging Frontier peers (N=8)

Coarse same-sector, same-stage context — not a percentile or rank. GP/A is graded on its absolute level, not position.

Fundamentals

Market cap	$15.50B
Stage	Early
Share issuance (YoY)	46.5% · heavy issuance
Moat	None
TAM	LARGE
P/E (trailing)	—
EPS (trailing)	$-4.66
Burn multiple	1.8
Gross-margin trend (pts)	15.3
Cash / assets	0.31
Accruals (%)	-23.7%
Net debt / EBITDA	-0.6
Statements as of	Q2 FY2026 · filed 2026-08-10

Momentum context — describes the past, not a signal

52-week range

$25.89$84.64

Low reached Mar 30, 2026 · high reached Oct 13, 2025 — by daily close.

Price	$41.53 (as of 2026-08-20)
Last session move	—
% off 52-wk high	-50.9%
RSI (14)	48
Relative volume	0.8×

Risk flags

Burning cash — operating margin is negative.Heavy dilution (~47%/yr) — top-decile share issuers have historically underperformed.Hyper-expansion — assets up ~403% in a year; aggressive expanders have historically lagged.

Positive signals

Growth accelerating — revenue growth sped up ~303 points year-on-year; acceleration is an early fundamental tell (annual data, so it's coarse).

Insider activity (90 days)

Cluster buyers	0
Sellers	3

Insider selling is routine diversification, not a bearish signal.

Analyst mix

Strong buy	4
Buy	12
Hold	4
Sell	0
Strong sell	0

Ratings are context, not a price target. "Momentum" = how the mix changed over recent weeks, not a forecast.

From the headlines

IonQ Collaborates With Canadian Microelectronics, Integrating IonQ’s Commercial Trapped-Ion Quantum Computing Systems Into Canada's FABrIC Quantum Computing Sandbox

AI take — daily, AI-generated

AI leans mixed

Explosive growth (370.6%) and solid margins (36.3%) are compelling, but extreme early-stage metrics (GP/A 0.01) and dilution risk require patience.

Generated by an AI model from the day's news — an opinion for context only. Not financial advice, not a recommendation, and not a price target.

Similar Emerging Frontier names

Centrus Energy Corp.Kratos Defense & Security Solutions, Inc.BigBear.ai Holdings, Inc.SoundHound AI, Inc.Absci CorporationNano Nuclear Energy Inc.

← All Emerging Frontier names · Open IONQ in the interactive screener →

Data as of 2026-08-21 08:12 (end-of-day). How grades are computed →