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IonQ, Inc. is a leading quantum computing company that develops advanced quantum computing systems to solve complex problems and drive innovation across industries. The company provides access to its quantum computers through cloud platforms, sells specialized hardware, and offers professional services to help businesses leverage quantum technology. IonQ is committed to advancing quantum computing capabilities and achieving quantum advantage through its proprietary technology and strategic partnerships.
- Quantum-Computing-as-a-Service (QCaaS) - Provides access to quantum computing systems via major cloud platforms like Amazon Web Services, Microsoft Azure Quantum, and Google Cloud Marketplace, as well as through IonQ's own cloud service.
- Quantum Computing Systems - Develops proprietary quantum hardware, firmware, and operating systems to enhance computational capabilities, including higher qubit stability and fidelity.
- Hardware Sales and Support - Sells specialized quantum computing hardware along with maintenance and support services.
- Professional Services - Offers consulting and support to help customers integrate quantum computing into their business operations.
- Future Full-System Sales - Plans to sell enterprise-grade quantum computing systems for cloud-based or local deployment, including models like IonQ Forte Enterprise and IonQ Tempo.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Jungsang Kim Executive | Scientific Advisor | Professor at Duke University | Co-founder of IonQ, Jungsang Kim transitioned to Scientific Advisor in April 2024 after serving as CTO. He is also a professor at Duke University. | |
Peter Chapman Executive | President & CEO | None | Peter Chapman has been CEO since 2018, leading IonQ's transition from an academic-focused organization to a commercial quantum computing company. | View Report → |
Rima Alameddine Executive | Chief Revenue Officer (CRO) | None | Rima Alameddine joined IonQ in December 2022, bringing expertise in enterprise sales from her previous roles at NVIDIA and Cisco. | |
Thomas Kramer Executive | CFO | None | Thomas Kramer joined IonQ as CFO in February 2021 and has extensive experience in financial leadership roles, including at Opower and Cvent. | |
Craig Barratt Board | Chairman of the Board | Chairman of Intuitive Surgical, Inc. | Craig Barratt has been Chairman of IonQ's Board since September 2021. He has held leadership roles at Intel, Google, and Qualcomm Atheros. | |
Harry You Board | Lead Independent Director | Chair/co-CEO of dMY Technology Group Squared, Chair of dMY Technology Group VI, Director at Coupang and Broadcom | Harry You has been on IonQ's Board since September 2021 and was appointed Lead Independent Director in April 2024. He has extensive experience in finance and SPACs. | |
Inder M. Singh Board | Board Member | Director at John Wiley and Sons, Affinity Federal Credit Union; Project Advisor for U.S. DHS | Inder M. Singh joined IonQ's Board in December 2021 and has a background in finance and national security advisory roles. | |
Kathryn Chou Board | Board Member | SVP, SaaS Engineering at Nutanix, Inc. | Kathryn Chou joined IonQ's Board in July 2022 and has a background in engineering leadership and SaaS development. | |
Niccolo de Masi Board | Board Member | Director at Planet Labs, Genius Sports, Rush Street Interactive, dMY Technology Group VI, dMY Squared Technology Group | Niccolo de Masi has been on IonQ's Board since September 2021 and has extensive experience in SPACs and leadership roles at technology companies. | |
Robert Cardillo Board | Board Member | Chief Strategist at Planet Labs; Chairman of Planet Federal; Director at Seerist Federal, SynthetAIc | Robert Cardillo joined IonQ's Board in February 2024 and has a background in geospatial intelligence, including serving as Director of the NGA. | |
Wendy Thomas Board | Board Member | CEO of SecureWorks Corp. | Wendy Thomas joined IonQ's Board in December 2022 and is the CEO of SecureWorks, with extensive experience in cybersecurity and enterprise leadership. | |
William Scannell Board | Board Member | President of Global Sales & Customer Operations at Dell Technologies | William Scannell joined IonQ's Board in February 2024 and has extensive experience in global sales leadership at Dell Technologies. |
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Can you provide more clarity on how the Qubitekk acquisition will impact your operating expenses going forward, and how much incremental OpEx should we expect from integrating their team and technology?
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Given your recent expansion of partnerships and awards, as well as plans to grow your team, how should we think about your operating expenses in the coming quarters, and what measures are you taking to ensure efficient scaling?
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With a significant portion of your recent bookings coming from government contracts, can you quantify the near-term government spending opportunity at both national and international levels, and how do you plan to balance this with growing commercial revenues? ,
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Regarding your focus on quantum applications with partners like AstraZeneca and ANSYS, can you elaborate on how these applications differ from previous one-off projects, and how they will contribute to your revenue and commercialization strategy over time?
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Considering your substantial investments in R&D and the expectations for profitable growth and positive free cash flow, can you provide more details on your timeline for achieving these goals, and what milestones we should look for in the coming quarters?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Qubitekk, Inc. | 2024 | IonQ acquired substantially all assets and the team of Qubitekk, Inc. in a $22 million all-cash deal expected to close within six months, reinforcing its quantum networking strategy and expanding its technology portfolio with 118 patents and established telecommunications contracts. |
Entangled Networks | 2023 | IonQ acquired the assets of Toronto-based Entangled Networks for $1.0 million to enhance its quantum computing capabilities, leveraging the startup's expertise in optimizing algorithms for multi-core and multi-QPU systems and full-stack quantum compiler technologies. |
Recent press releases and 8-K filings for IONQ.
- The Korea Institute of Science and Technology Information (KISTI) has secured a multi-million dollar government award for the "Quantum Computing Service and Utilization System Construction Project," aiming to establish South Korea’s first National Quantum Computing Center of Excellence.
- IonQ has been identified as the primary quantum technology provider for this initiative, working alongside Megazone Cloud.
- Under an expected contract, IonQ anticipates delivering an advanced 100-qubit quantum system to enable leading-edge research and industrially relevant quantum computing capabilities.
- The project involves developing a hybrid quantum-classical execution environment, integrating next-generation quantum systems into a private cloud for remote access.
- This announcement builds upon IonQ and KISTI’s ongoing collaboration, including a recently signed memorandum of understanding.
- On July 7, 2025, IonQ, Inc. entered into an underwriting agreement with J.P. Morgan Securities LLC for the offer and sale of common stock and warrants.
- The offering includes 14,165,708 shares of common stock at a public price of $55.4900 per share.
- Additionally, the offering comprises 3,855,557 pre-funded warrants with an exercise price of $0.0001 per share and 36,042,530 Series A warrants with an exercise price of $99.88 per share.
- Both the pre-funded and Series A warrants are exercisable immediately and will expire on July 9, 2032, which is seven years from their issuance date.
- IonQ announced the pricing of a $1.0 billion equity offering.
- The offering includes common stock and pre-funded warrants priced at $55.49 per share/warrant, and seven-year warrants with an exercise price of $99.88 per share.
- The securities will be purchased by Heights Capital Management, Inc..
- This transaction is expected to increase IonQ's pro-forma cash balance to approximately $1.68 billion as of March 31, 2025.
- IonQ's CEO stated this is believed to be the largest common-stock single-institutional investment in the history of the quantum industry.
- IonQ, Inc. completed its acquisition of Lightsynq Technologies Inc. on May 30, 2025, with the transaction involving the issuance of 12,377,433 shares of common stock as consideration.
- The deal includes a Registration Rights Agreement outlining crucial registration and sales procedures for the issued shares.
- Financials: Q1 2025 revenue of $7.6M and a net loss of $32.3M driven by higher operating expenses and significant non-cash warrant adjustments
- Strategic acquisitions: Proposed acquisitions of Lightsynq and Capella, plus a majority stake move in ID Quantique to bolster quantum networking capabilities
- Strong liquidity: Cash, cash equivalents, and investments stood at $697.1M as of March 31, reflecting ongoing financial consolidation
- EPB partnerships: Secured a $22M deal with EPB to establish a quantum computing and networking hub, alongside the sale of a Forte Enterprise system in Chattanooga that expands global quantum network infrastructure
- DARPA selection: Recognized for its role in the Quantum Benchmarking Initiative, underscoring market momentum
- IonQ, Inc. raised approximately $372.6 million from selling 16,038,460 shares under its at-the-market equity offering, netting about $360 million in proceeds.
- On a pro forma basis, the company's year-end cash balance is now over $700 million, indicating sufficient capital for its ongoing initiatives.
- The company has terminated its ATM program following the successful capital raise, reflecting its strategy to optimize its funding structure.