IonQ (Trapped-Ion) vs Horizon Quantum (Quantum Software) — live market, SEC financial and quantum-hardware data side by side.
IONQ is the larger company at $19.18B market cap, about 13× the size of HQ ($1.43B).
On cash runway — the metric that decides who needs to raise money first — HQ is stronger (91mo vs 61mo).
They take different technical paths: IONQ reports 100 qubits (#AQ (Algorithmic Qubits)), while HQ reports its qubit count (Software-Defined (Hardware-Agnostic)) — raw counts are not directly comparable across modalities.
IONQ is larger, with a market cap of $19.18B versus $1.43B for HQ.
Which has the longer cash runway, IONQ or HQ?
IONQ's cash runway is 61mo and HQ's is 91mo (current cash ÷ trailing-twelve-month operating burn; "CF+" means cash-flow positive).
What technology do IONQ and HQ use?
IonQ (IONQ): #AQ (Algorithmic Qubits). Horizon Quantum (HQ): Software-Defined (Hardware-Agnostic). Qubit counts are not directly comparable across different modalities.