Quantum Market Cap

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.

QNT is the larger company at $20.45B market cap, slightly ahead of IONQ at $19.18B.

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 — IONQ is stronger (61mo vs 57mo).

They take different technical paths: IONQ reports 100 qubits (#AQ (Algorithmic Qubits)), while QNT reports 98 qubits (Physical Qubits (Trapped-Ion, All-to-All Connectivity)) — raw counts are not directly comparable across modalities.

MetricIONQIonQQNTQuantinuum
Market
Price$51.40$78.41
Market Cap$19.18B$20.45B
1Y Return+28.2%—
52W High$84.64$82.30
52W Low$25.89$50.10
Financials
Revenue (latest FY)$130.02M$30.93M
Revenue YoY+201.9%+34.6%
Net Income$-510,378,000$-192,561,000
Cash & Equivalents$2.04B$762.64M
Cash Runway61mo57mo
Risk
Going Concern FlagNoNo
ATM Offerings (dilution)180
Daily Short Vol %49.8%62.1%
Beta (1Y vs SPY)0.89—
Government & Research
Federal Awards Total$302.98M—
Academic Citations38K3
Patents——
Quantum Technology
Physical Qubits10098
Qubit Modality#AQ (Algorithmic Qubits)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 2028–2030Universal fault-tolerant quantum computer; commercial quantum advantage by 2027
Company
Founded20152021
HeadquartersCollege Park, MDBroomfield, CO
Employees——

IONQ vs QNT FAQ

Is IONQ or QNT the bigger company?

QNT is larger, with a market cap of $20.45B versus $19.18B for IONQ.

Which has the longer cash runway, IONQ or QNT?

IONQ's cash runway is 61mo and QNT's is 57mo (current cash ÷ trailing-twelve-month operating burn; "CF+" means cash-flow positive).

What technology do IONQ and QNT use?

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

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