IonQ (IONQ) 10-K Summary — Year Ended Dec 31, 2023
The filing covers IonQ's fiscal year ended December 31, 2023. The company reported revenue growth but continued net losses and negative operating cash flow.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
The filing covers IonQ's fiscal year ended December 31, 2023. The company reported revenue growth but continued net losses and negative operating cash flow.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$22M
Revenue reported for the fiscal year.
Operating income
-$157.8M
Income from operations reported for the year.
Net income
-$157.8M
Net income reported for the year.
Operating cash flow
-$78.8M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $2.1M | n/a |
| Dec 31, 2022 | $11.1M | +430.3% |
| Dec 31, 2023 | $22M | +98.0% |
Business overview
The business overview section is not provided in the supplied data. No detailed description of the company's operations or products is available.
Financial performance
Revenue increased significantly compared to the prior year, continuing a trend of strong growth. However, the company incurred a net loss and operating cash flow was negative.
Material risks
The risk factors section is referenced but not included in the supplied filing context. Therefore, no specific material risks are stated.
Liquidity and capital
The company had sufficient cash and investments to meet near-term needs, but has an accumulated deficit and expects to incur further losses. Future capital requirements may be met through additional equity or debt financings.
What to watch
Monitor the company's progress toward reducing operating losses and generating positive cash flow from operations.