Where Will IonQ Be in 1 Year?

Quantum computing has grabbed the attraction of galore investors implicit the past fewer years arsenic they question caller tech trends beyond artificial quality (AI). The anticipation of a quantum computing marketplace that could beryllium worthy arsenic overmuch arsenic $170 cardinal by 2040, arsenic consulting steadfast BCG projects, surely sounds promising.

That benignant of optimism has helped assistance IonQ (NYSE: IONQ) banal 503% higher implicit the past 3 years. But lately, things haven't been arsenic rosy for IonQ shareholders, arsenic the banal has fallen astir 9% implicit the past 12 months.

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So, wherever is IonQ headed implicit the adjacent year? If you're a shareholder, I don't deliberation things look excessively good.

In the archetypal 9 months of 2025, IonQ's losses accrued tenfold twelvemonth implicit year, from conscionable $129 cardinal to astir $1.3 billion. The biggest culprits were its wide and medication costs, which tripled, and its probe and improvement expenses, which much than doubled.

Building a quantum computing institution astatine this aboriginal signifier of the manufacture is expensive. But specified a accelerated summation successful costs and importantly widening losses are inactive problematic due to the fact that IonQ is besides having a hard clip generating integrated revenue.

Yes, the company's income roseate by 117% successful the archetypal 9 months of 2025 to $68.1 million. But the bulk of those added revenues derived from the 5 companies it acquired past year, alternatively than from integrated maturation successful its quantum computing revenue. And those acquisitions were paid for, successful part, by IonQ issuing caller shares, which resulted successful important shareholder dilution.

With the company's losses expanding, its income increasing chiefly via acquisitions, and the institution backing its purchases by issuing caller shares, IonQ doesn't precisely person a look for fiscal occurrence successful place.

Making matters worse for IonQ shareholders is the information that galore investors are opening to rotate retired of riskier assets successful hunt of safer investments.

Software stocks, cryptocurrencies, and quantum computing stocks are conscionable immoderate of the areas that are feeling this pinch close present -- and it's apt to continue. Artificial quality has the imaginable to disrupt truthful galore companies and industries that immoderate investors are second-guessing the thesis for tech investments.

That's not IonQ's fault, of course, but it is simply a occupation for the institution nonetheless. And it comes astatine a clip erstwhile its banal trades astatine an costly premium. IonQ has a price-to-sales (P/S) ratio of 106, compared to the tech sector's mean of conscionable 8.