$INFQ
Quantum Competitor Intelligence
🕐 All P/S use forward 2026E revenue
Forward P/S Multiples — Est. Market Cap ÷ 2026E Revenue
★ On a forward basis INFQ is the cheapest revenue-generating quantum stock — discount to IonQ, D-Wave, and Rigetti.
IONQ
IonQ, Inc.
NYSE: IONQ · Trapped-Ion QC · College Park, MD
Trapped IonMkt Cap: ~$26.1B
▲ +16% YTD
🧮 Fwd P/S: $26.1B ÷ $260M (2026E) = ~100×
Financial Summary (USD millions)
| Line Item | Latest Qtr | FY 2025 | FY 2024 |
|---|
| Total Revenue | 64.7 | 130.0 | 43.1 |
| GAAP Net Income/(Loss) | 805.4 (non-cash) | (510.4) | (331.6) |
| Adj. EBITDA Loss | (96.8) | (186.8) | (107.2) |
| Cash & Investments | 3,100 | 3,300 | 363.8 |
vs. INFQ — Direct Comparison (May 2026)
INFQ vs. IONQ
Market Cap$3.54Bvs$26.1B⚡ IonQ 7.4× larger
Fwd P/S (2026E)~89×vs~100×✅ INFQ slightly cheaper
Fwd Revenue$40Mvs$260M⚡ IonQ 6.5× larger
Cash$569Mvs$3.1B⚡ IonQ larger
Revenue StreamsCompute+SensevsCompute only✅ INFQ diversified
NVIDIA PartnerDeep NVQLinkvsLimited✅ INFQ deeper
Sources: Yahoo Finance (live), SEC 8-K Q1 2026. GAAP Q1 2026 net income includes ~$1.1B non-cash warrant gain. Forward P/S = market cap ÷ 2026E guidance.
IONQMay 30, 2026
IonQ vs. D-Wave: Best Quantum Buy 2026?
Motley Fool compares the sector leaders on revenue, technology, and valuation after the $2B U.S. quantum commitment.
📰 Motley Fool
IONQMay 28, 2026
$931M Insider Sale Warning Across IONQ, RGTI, QBTS
Insiders at the three pure-play quantum companies collectively sold $931M in shares, raising valuation sustainability concerns.
📰 Motley Fool
IONQMay 6, 2026
IonQ Q1 2026: $64.7M Revenue +755% YoY — FY Guide $260–270M
Record quarter. First public quantum company to exceed $100M GAAP annual revenue. Cash $3.1B. Market cap now ~$26.1B.
📰 SEC 8-K
RGTIMay 28, 2026
Rigetti +72% in 7 Sessions Despite Revenue Decline
Surged on government quantum news. Revenue fell 34% in 2025; forward P/S ~860× is highest in the sector.
📰 Motley Fool
RGTIMar 2026
Rigetti FY2025: Revenue $7.1M (-34%), Net Loss $216M
Revenue declined on delayed system deliveries. 336-qubit Lyra chiplet system remains the key 2026 catalyst.
📰 SEC 8-K
QBTSMay 29, 2026
D-Wave at $30.14 — Market Cap Now ~$11.8B After Quantum Surge
D-Wave surged from ~$9 earlier in 2026 to ~$30, tripling its market cap on government funding and commercial traction.
📰 Google Finance
QBTSFeb 2026
D-Wave FY2025: Revenue $24.6M (+179%), Cash $884M
Best year in company history. 179% revenue growth, record $884M liquidity, Q4 bookings +471%.
📰 D-Wave IR
QUBTMay 29, 2026
QCI (QUBT) at $11.88 — Market Cap ~$2.2B on Quantum Rally
QCI has nearly doubled from its lows as quantum sector momentum drives the pre-revenue name higher.
📰 Google Finance
XNDUMay 27, 2026
Xanadu +17% on S-8 Filing, Bucking Quantum Pullback
Rose 17% while peers fell, triggered by an S-8 registration filing. Still pre-revenue but gaining investor interest post-NYSE listing.
📰 TipRanks