IonQ (IONQ) Revenue — Quarter Ended Mar 31, 2023
Revenue increased for the quarter compared to both the prior quarter and the same quarter a year ago. The growth reflects a continuing upward trend.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased for the quarter compared to both the prior quarter and the same quarter a year ago. The growth reflects a continuing upward trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.3M
Revenue reported for this quarter.
Quarter-over-quarter
+12.6%
Change from the immediately preceding quarter.
Year-over-year
+119.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.5M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $2.6M | +2704.3% |
| Sep 30, 2022 | $2.8M | +1085.8% |
| Dec 31, 2022 | $3.8M | +131.0% |
| Mar 31, 2023 | $4.3M | +119.4% |
Revenue performance
Reported revenue moved higher during the quarter.
Quarterly comparison
Revenue rose compared to the immediately preceding quarter. Revenue also increased versus the same quarter one year earlier.
What to watch
The company had an accumulated deficit and expects higher operating expenses for the foreseeable future.