Dilution profile // every instrument, one screen, from SEC filings

IonQ, Inc. (IONQ)

CIK 1824920 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGHS-3ASR on file 2025-02-26
= is there a registration (S-1/S-3 family) on file without a later withdrawal
no structured fee data on the live registrations, so this is a yes/no, not a size
Overhead supply
LOWwarrants = 3% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
MEDIUM+88% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
LOW~89.8 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2021-11-082026-07-29

Latest: 381.0M shares as of Jul 29, 2026 (10-Q).

Cash runway

Self-funding

generates cash

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Series B Private Warrants43.0Mnot tagged
Series A Private Warrants36.0Mnot tagged
Public Warrants1.1Mnot tagged
Series B Pre Funded Warrantsnot tagged$93
Series A Prefunded Warrantsnot tagged$55.49

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 10, 2026. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

Warrants outstanding: 11.5M underlying shares, as reported Sep 30, 2021 (10-Q).

Reported exercise price: $1.38 (aggregate figure as tagged; individual tranches vary).

Rough fully diluted estimate: 392.5M = 381.0M O/S + 11.5M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

No convertible-note facts tagged in the 10-Q filed Aug 10, 2026. If convertible notes exist, their terms live in exhibit prose for this filer and are not parsed; absence of a tag is not proof of absence. The exhibits are the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding381.0MJul 29, 2026
+ Series B Private Warrants (if exercised)43.0MJun 30, 2026
+ Series A Private Warrants (if exercised)36.0MJun 30, 2026
+ Public Warrants (if exercised)1.1MJun 30, 2026
Fully diluted estimate461.1M+21.0% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

S-3ASRFeb 26, 2025fee exhibit found but no total offering amount (fees deferred, typical for automatic shelves)filing →
S-3Nov 9, 2023no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 7 executed · 0 registered.

EXECUTEDAug 7, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
UPDATEAug 7, 2026Resale prospectus — existing holders registering to sell424B7
UPDATEMar 31, 2026Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEMar 31, 2026SEC declared a registration effective — selling can beginEFFECT
UPDATEMar 11, 2026Resale prospectus — existing holders registering to sell424B7
EXECUTEDMar 11, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
UPDATEMar 5, 2026Resale prospectus — existing holders registering to sell424B7
UPDATEFeb 27, 2026Resale prospectus — existing holders registering to sell424B7
EXECUTEDJan 30, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
UPDATENov 10, 2025Resale prospectus — existing holders registering to sell424B7
UPDATEOct 17, 2025Resale prospectus — existing holders registering to sell424B7
UPDATEOct 17, 2025Resale prospectus — existing holders registering to sell424B7

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

Keep going: float checker · offering calendar · short-squeeze screener · full IONQ workspace