IonQ (MIL:1IONQ) Total Operating Expense: €928.8 Mil (TTM As of Jun. 2026)

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MIL:1IONQ IonQ Inc MIL:1IONQ
23 GF Score
Price €37.91
GF Value €77.67
Valuation Possible Value Trap
! 4 Warning Signs
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What is IonQ Total Operating Expense?

IonQ MIL:1IONQ +9.30% 23 Total Operating Expense is €928.8 Mil as of Jun. 2026. GuruFocus rates MIL:1IONQ with a GF Score™ of 23/100 and a GF Value™ of €77.67 (Possible Value Trap). The stock has 4 warning signs investors should review.

IonQ's Total Operating Expense for the three months ended in Jun. 2026 was €310.0 Mil. IonQ's Total Operating Expense for the trailing twelve months (TTM) ended in Jun. 2026 was €928.8 Mil.

IonQ Total Operating Expense Related Terms

IonQ Total Operating Expense Historical Data

* Premium members only.

The historical data trend for IonQ's Total Operating Expense 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 Total Operating Expense Chart

IonQ Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial 35.18 88.67 157.44 243.46 586.05

IonQ Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Total Operating Expense 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 149.96 159.69 210.88 248.19 310.04
MIL:1IONQ
23GF Score
IonQ Inc MIL:1IONQ
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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IonQ Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €928.8 Mil.

* 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 Total Operating Expense of €928.8 Mil mean?
IonQ (MIL:1IONQ) has a Total Operating Expense of €928.8 Mil as of Jun. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on IonQ and its competitors.
Is IonQ's Total Operating Expense too high?
IonQ's current Total Operating Expense is €928.8 Mil. Overall, IonQ has a GF Score™ of 23/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does IonQ's Total Operating Expense compare to QBTS and SMCI?
IonQ's Total Operating Expense of €928.8 Mil 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 Total Operating Expense for a Hardware company?
A good Total Operating Expense depends on the Hardware industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on IonQ and its competitors. IonQ's current Total Operating Expense is €928.8 Mil. 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?
Based on GuruFocus' analysis, IonQ (MIL:1IONQ) is currently considered Possible Value Trap. The stock's GF Value™ is €77.67, compared to a current price of €37.91 — trading 51.2% below its estimated fair value. The current Total Operating Expense is €928.8 Mil. IonQ's overall GF Score™ is 23/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For IonQ (MIL:1IONQ), the current Total Operating Expense is €928.8 Mil as of Jun. 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 (MIL:1IONQ) Overvalued in 2026?

Based on GuruFocus' analysis, IonQ stock appears to be undervalued. The current stock price of €37.91 is trading 51.2% below its estimated GF Value™ of €77.67. GuruFocus considers IonQ to be Possible Value Trap.

Key valuation signals for MIL:1IONQ:

  • Total Operating Expense: €928.8 Mil
  • GF Value™: €77.67 vs. price of €37.91 (51.2% below fair value)
  • GF Score™: 23/100 with 4 warning signs

No single metric tells the full story. See the MIL:1IONQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

IonQ Business Description

Other Exchanges IONQ:USA0YB0:Germany
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.
23GF Score

Get the complete analysis for MIL:1IONQ

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

€37.91
Price
€77.67
GF Value