MEDIUM confidence: 100% data completeness, but the composite (37) sits in the indecisive 30–70 range — strong-buy and short calls require a more decisive composite. What does confidence mean?
Technical context for active traders — derived from price, the 50/200-day moving averages, the 52-week range, and recent volume. Not part of the QScore.
Fama-French 5-factor (2×3) + Momentum, monthly OLS with Newey-West errors. Bars show signed factor betas; faded bars/figures aren't statistically significant.
| Metric (USD) | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $2M— | $11M+430.3% | $22M+98.0% | $43M+95.4% | $130M+201.9% |
| EPS (dil.) | $-0.55— | $-0.25n/m | $-0.78n/m | $-1.56n/m | $-1.82n/m |
| Free Cash Flow | -$37M— | -$57Mn/m | -$98Mn/m | -$129Mn/m | -$300Mn/m |
| Gross Margin | -70.9% | 23.2%+94.1pp | 63.2%+40.0pp | 52.2%-11.0pp | 40.4%-11.8pp |
| Operating Margin | -1843.1% | -770.3%+1072.8pp | -715.7%+54.6pp | -539.7%+176.0pp | -487.4%+52.3pp |
| Net Margin | -5058.9% | -435.8%+4623.1pp | -715.8%-280.0pp | -770.0%-54.2pp | -392.6%+377.4pp |
Absolute figures with year-over-year change. Margins show the level with the change in percentage points (pp). “n/m” = not meaningful (prior ≤ 0); ⚠ marks a large percentage off a small base — read the dollar figure.
Avg target $65 (last qtr, 4 analysts) → $70 (last mo, 1) (+8.3%).
Buy-rated share 77% → 85% over ~3 months (+8pp).
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| May 2026 | $-0.46 | $2.07 | +548.5% |
| Feb 2026 | $-0.48 | $1.93 | +502.1% |
| Nov 2025 | $-0.44 | $-3.58 | -713.6% |
| Aug 2025 | $-0.13 | $-0.70 | -438.5% |
| May 2025 | $-0.26 | $-0.14 | +46.2% |
| Feb 2025 | $-0.23 | $-0.93 | -304.3% |
| Nov 2024 | $-0.22 | $-0.24 | -10.8% |
| Aug 2024 | $-0.22 | $-0.18 | +18.2% |
Net buyback (repurchases less issuance) ÷ market cap, plus trailing dividend yield.
Net insider -$1.0M over 180 days (1 open-market buys, 8 sells). Insider buying is the informative signal; routine selling is normal.
Short interest, days-to-cover, and institutional-ownership change require a data-plan upgrade (not yet available).
Forward-return IC, quintile spread & hit rate publish on /performance as the tracking panel accrues enough no-look-ahead history.
The QScore of 37 for IONQ indicates a neutral outlook, driven by a mix of factors. The stock scores high on growth, with revenue growth of 201.9%, but is dragged down by its low value score, due to a high P/E of 547.9 and EV/EBITDA of 45.7, indicating it trades at a premium. IONQ also exhibits strong momentum, with a 65.2% return over the past three months, but its profitability and risk profiles are concerning, with a negative operating margin and high beta of 3.2. The long-term and short-term scores are relatively close, with the short-term score 5 points higher.