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.
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| 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?
Research analysts who have asked questions during IonQ earnings calls.
David Williams
The Benchmark Company
4 questions for IONQ
Shadi Mitwalli
Needham & Company
3 questions for IONQ
Alexander Platt
D.A. Davidson & Co.
2 questions for IONQ
Richard Shannon
Craig-Hallum Capital Group LLC
2 questions for IONQ
Tyler Anderson
Craig-Hallum Capital Group
2 questions for IONQ
Joseph Moore
Morgan Stanley
1 question for IONQ
Kevin Garrigan
WestPark Capital
1 question for IONQ
Quinn Bolton
Needham & Company, LLC
1 question for IONQ
Troy Jensen
Cantor Fitzgerald
1 question for IONQ
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.
- IonQ completed the all-stock acquisition of Vector Atomic, a leading quantum sensing company, on October 2, 2025, as announced on October 7, 2025.
- The transaction involved the issuance of 6,080,379 shares of IonQ's common stock as consideration.
- This acquisition significantly expands IonQ's quantum technology platform by adding advanced precision atomic clocks, inertial sensors, and synchronization hardware, enhancing its computing and networking solutions.
- Vector Atomic contributes over 75 employees, 29 pending and issued patents, and over $200M in U.S. government contracts.
- IonQ has successfully completed its all-stock acquisition of Vector Atomic, a leading quantum sensing company.
- The acquisition significantly expands IonQ's quantum technology platform by adding advanced precision atomic clocks, inertial sensors, and synchronization hardware.
- Vector Atomic brings over 75 employees, including world-class scientists and engineers, and an intellectual property portfolio with 29 pending and issued patents.
- Vector Atomic's technology offers 1,000x improvement in GPS accuracy and has over $200M in U.S. government contracts.
- IonQ, in collaboration with the Air Force Research Lab (AFRL), has achieved a key technological breakthrough by successfully converting photons from visible to telecom wavelengths.
- This advancement is critical for enabling long-distance quantum networking over existing fiber optic infrastructure, paving the way for the Quantum Internet and distributed quantum computing.
- IonQ's CEO, Niccolo de Masi, highlighted this as a major step toward connecting quantum computers over standard telecom wavelengths, which strengthens the company's position in the quantum computing and networking sectors.
- IonQ operates in the technology sector with a market capitalization of $23.24 billion and focuses on quantum-computing-as-a-service (QCaaS).
- IonQ completed its acquisition of Oxford Ionics on September 17, 2025.
- The acquisition is expected to accelerate IonQ’s quantum computing roadmap and support its expansion into the UK, Europe, Asia, and other global markets.
- The aggregate consideration for the transaction consisted of 26,622,077 shares of IonQ's common stock and $10,000,000 in cash.
- Oxford Ionics contributes a team of world-class scientists and engineers, along with patented innovations in trapped ion quantum systems, which IonQ plans to integrate into its quantum systems.
- IonQ asserts a five-year technical roadmap lead over competitors, with its 100-qubit AQ64 system prototype demonstrating 36 times larger computational space than any publicly unveiled IBM system. The company has also achieved 99.99% two-qubit gate fidelity, a critical threshold for long-term scaling.
- The company has received regulatory approval for its Oxbryonics transaction and highlights strategic acquisitions like Leidzinc. IonQ has secured significant partnerships, including over $100,000,000 in government contracts, such as a $54,000,000 contract with the United States Air Force Research Lab in September 2024, and collaborations with NVIDIA, AstraZeneca, and ANSYS.
- IonQ claims to be the first company to deliver Quantum Advantage and Commercial Advantage, with machines operating on public clouds for years. They project a cost of goods sold under $30,000,000 for a fully fault-tolerant system with 2,000,000 physical qubits, aiming for 80,000 logical qubits by 2028.
- IonQ emphasizes its quantum networking business as a current, critical offering that provides theoretically and absolutely secure solutions, with the capability to build nation-state sized and international QKD networks.
- IonQ asserts a five-year technical roadmap lead over competitors and is the best capitalized company in the quantum sector.
- The company's prototype 100-qubit AQ64 system, Tempo, demonstrates a computational space 36 times larger than IBM's publicly unveiled systems and is on track for deployment next year. IonQ also achieved 99.99% two-qubit gate fidelity, a critical threshold for scaling to millions of qubits, and targets 2,000,000 physical qubits by the end of the decade.
- IonQ has already delivered Quantum Commercial Advantage, demonstrating a 20x speedup in computational drug design with partners like NVIDIA and AstraZeneca, and secured over $100,000,000 in government contracts, including a $54,000,000-$55,000,000 contract with the U.S. Air Force Research Lab in September 2024.
- The company's quantum networking division is actively commercializing solutions, including a quantum entanglement distribution network with EPB in Chattanooga and quantum key distribution for SK Telecom's 5G traffic.
- IonQ has received regulatory approval for its Oxbryonics transaction and strategically acquired Leidzinc to advance quantum memories and networking.
- IonQ has received regulatory approval from the UK Investment Security Unit (ISU) for its acquisition of Oxford Ionics.
- All deal conditions have been satisfied, and the company expects to close the acquisition in the near term.
- The press release contains forward-looking statements regarding IonQ's ability to effectively integrate its acquisitions, including Oxford Ionics.
- IonQ, in collaboration with Oak Ridge National Laboratory (ORNL) and the U.S. Department of Energy (DOE), demonstrated a hybrid quantum-classical computing approach for energy grid optimization, achieving near-optimal cost efficiency in solving the Unit Commitment problem.
- Using IonQ's 36-qubit Forte Enterprise, the solution addressed scheduling across 24 time periods and 26 generators, with results within 0.55% to 2.7% of the optimal cost.
- IonQ's stock price increased by 46% over the last quarter, and the company holds a substantial cash reserve of $697.1 million with a $372.6 million at-the-market equity facility as of Q1 2025.
- This breakthrough highlights quantum computing's potential for complex optimization tasks, with expectations that future quantum systems could handle grid-scale problems by as early as 2026.
- IonQ has announced a strategic collaboration with Australia-based Emergence Quantum to co-develop next-generation quantum hardware, focusing on improving ion trap technology.
- The partnership aims to reduce hardware complexity and scale system capacity, leveraging Emergence Quantum's expertise from former Microsoft and Raytheon quantum leaders.
- IonQ maintains a strong financial position with a robust current ratio of 13.17 and minimal debt, enabling it to support these development initiatives.
- IonQ has completed its acquisition of Capella Space Corporation, a U.S.-based company specializing in synthetic aperture radar (SAR) and satellite solutions.
- This acquisition enables IonQ to integrate Capella's satellite infrastructure with its quantum technology to develop the world's first space-to-space and space-to-ground satellite quantum key distribution (QKD) network, aiming to facilitate quantum-secure global communications.
- The new platform will also provide Capella's customers with access to rapid, ultra-secure SAR and remote sensing through the first quantum-enabled Earth observation system.
- The acquisition reinforces IonQ's position in advancing quantum networking technologies, with Capella's current customers and workforce expected to continue operations without disruption.