IonQ (XSWX:IONQ) Scaled Net Operating Assets: 0.45 (As of Mar. 2026)


XSWX:IONQ IonQ Inc XSWX:IONQ
52 GF Score
Price CHF40.79
GF Value CHF72.74
! 4 Warning Signs
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What is IonQ Scaled Net Operating Assets?

IonQ XSWX:IONQ 52 Scaled Net Operating Assets is 0.45 as of Mar. 2026. GuruFocus rates XSWX:IONQ with a GF Score™ of 52/100 and a GF Value™ of CHF72.74. The stock has 4 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

IonQ's operating assets for the quarter that ended in Mar. 2026 was CHF4,660.2 Mil. IonQ's operating liabilities for the quarter that ended in Mar. 2026 was CHF1,673.6 Mil. IonQ's Total Assets for the quarter that ended in Dec. 2025 was CHF6,570.4 Mil. Therefore, IonQ's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.45.


IonQ Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for IonQ's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

IonQ Scaled Net Operating Assets Chart

IonQ Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 1.21 0.34 0.23 0.11 2.86

IonQ Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.38 0.77 0.92 0.34 0.46

XSWX:IONQ vs : Scaled Net Operating Assets Comparison

For the Computer Hardware subindustry, IonQ's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


IonQ Scaled Net Operating Assets vs Hardware Industry

For the Hardware industry and Technology sector, IonQ's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where IonQ's Scaled Net Operating Assets falls into.


XSWX:IONQ
52GF Score
IonQ Inc XSWX:IONQ
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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IonQ Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

IonQ's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(4178.202-2726.645)/508.388
=2.86

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6570.358 - 2392.156
=4178.202

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2756.666 - 21.171 - 8.85
=2726.645

IonQ's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(4660.243-1673.568)/6570.358
=0.45

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6693.713 - 2033.47
=4660.243

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1704.011 - 21.278 - 9.165
=1673.568

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.45 mean?
IonQ (XSWX:IONQ) has a Scaled Net Operating Assets of 0.45 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on IonQ and its competitors.
Is IonQ's Scaled Net Operating Assets too high?
IonQ's current Scaled Net Operating Assets is 0.45. Overall, IonQ has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does IonQ's Scaled Net Operating Assets compare to ?
IonQ's Scaled Net Operating Assets of 0.45 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Hardware company?
A good Scaled Net Operating Assets depends on the Hardware industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on IonQ and its competitors. IonQ's current Scaled Net Operating Assets is 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IonQ stock overvalued right now?
IonQ (XSWX:IONQ) has a current Scaled Net Operating Assets of 0.45. The stock's GF Value™ is CHF72.74, compared to a current price of CHF40.79 — trading 43.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.45. IonQ's overall GF Score™ is 52/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For IonQ (XSWX:IONQ), the current Scaled Net Operating Assets is 0.45 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is IonQ (XSWX:IONQ) Overvalued in 2026?

Based on GuruFocus' analysis, IonQ stock appears to be undervalued. The current stock price of CHF40.79 is trading 43.9% below its estimated GF Value™ of CHF72.74.

Key valuation signals for XSWX:IONQ:

  • Scaled Net Operating Assets: 0.45
  • GF Value™: CHF72.74 vs. price of CHF40.79 (43.9% below fair value)
  • GF Score™: 52/100 with 4 warning signs

No single metric tells the full story. See the XSWX:IONQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IonQ Business Description

Comparable Companies
Address 4505 Campus Drive, College Park, MD, USA, 20740
IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The company currently makes access to its quantum computers available via cloud platforms and also to select customers via its own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (QCaaS). The company derives its revenue from its quantum-computing-as-a-service arrangements, consulting services related to co-developing algorithms on company's quantum computing systems and contracts associated with the design, development, and construction of specialized quantum computing systems together with related services.
52GF Score

Get the complete analysis for XSWX:IONQ

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF40.79
Price
CHF72.74
GF Value