IonQ (IONQ) dropped about 31% in July due to insider selling and a broader pullback in tech stocks, but it's rebounding after their Q2 earnings. They reported $80M in revenue last quarter but had a $337M operating loss. They currently sit on $3B in cash, though they are burning through $570M in free cash flow and have doubled their share count over the last three years to raise that capital. At a $17B market cap and a forward P/S of 61, it's still an expensive stock for a business that is years away from true profitability.