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IONQ vs QNT: Which Quantum Stock Is Better?

IonQ (Trapped-Ion) vs Quantinuum (Trapped-Ion) — live market, SEC financial and quantum-hardware data side by side.

Direct verdict: IONQ vs QNT

IONQ and QNT are tied across the available headline market, financial, runway, return and dilution measures. The better investment depends on valuation, technology execution and risk tolerance.

IONQ is the larger company at $15.65B market cap, slightly ahead of QNT at $13.69B.

IONQ reports more revenue ($130.02M vs $30.93M for QNT, latest fiscal year).

On cash runway — the metric that decides who needs to raise money first — QNT is stronger (113mo vs 56mo).

They take different technical paths: IONQ reports 36 qubits (Physical Qubits (Trapped-Ion, All-to-All Connectivity)), while QNT reports 98 qubits (Physical Qubits (Trapped-Ion, All-to-All Connectivity)) — raw counts are not directly comparable across modalities.

IONQ vs QNT Performance (% return, all start at 0%)
2/263/274/285/276/267/28-35%+0%+35%+70%+105%
IONQ+9.7%QNT-6.3%
MetricIONQIonQQNTQuantinuum
Market
Price$41.06$52.07
Market Cap$15.65B$13.69B
1Y Return+6.2%
52W High$84.64$86.79
52W Low$25.89$47.06
Financials
Revenue (latest FY)$130.02M$30.93M
Revenue YoY+201.9%+34.6%
Net Income-$510.38M-$192.56M
Cash & Equivalents$2.13B$2.11B
Cash Runway56mo113mo
Risk
Going Concern FlagNoNo
ATM Offerings (dilution)180
Daily Short Vol %46.9%56.6%
Beta (1Y vs SPY)1.192.32
Government & Research
Federal Awards Total$13.41M$3.98M
Academic Citations40K3
Patents
Quantum Technology
Physical Qubits3698
Qubit ModalityPhysical Qubits (Trapped-Ion, All-to-All Connectivity)Physical Qubits (Trapped-Ion, All-to-All Connectivity)
2Q Gate Fidelity99.6%99.921%
Cloud PlatformsAWS Braket, Azure Quantum, Google Cloud, IonQ Quantum CloudQuantinuum Nexus, Azure Quantum, Amazon Braket
Roadmap Target#AQ 64 achieved Sept 2025 (Tempo); 256-qubit chip-based system shipments 2026; 800 logical qubits by 2027; fault-tolerant at scale 2028–2030Sol next-generation system 2027; Apollo universal fault-tolerant system 2029; commercial quantum advantage by 2027
Company
Founded20152021
HeadquartersCollege Park, MDBroomfield, CO
Employees1K679
Company DNA0–100 rank vs all tracked stocks · missing data = 0
MomentumScaleRevenueRunwayGov $Research

Momentum = 1Y return · Scale = market cap · Runway capped at 36mo · Gov $ = federal awards · Research = citations + patents. Dollar axes use log scale.

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IONQ vs QNT FAQ

Is IONQ or QNT the bigger company?

IONQ is larger, with a market cap of $15.65B versus $13.69B for QNT.

Which has the longer cash runway, IONQ or QNT?

IONQ's cash runway is 56mo and QNT's is 113mo (current cash ÷ trailing-twelve-month operating burn; "CF+" means cash-flow positive).

What technology do IONQ and QNT use?

IonQ (IONQ): Physical Qubits (Trapped-Ion, All-to-All Connectivity). Quantinuum (QNT): Physical Qubits (Trapped-Ion, All-to-All Connectivity). Qubit counts are not directly comparable across different modalities.

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