IonQ (IONQ) Revenue — Quarter Ended Sep 30, 2023
Revenue increased in the latest quarter. Both sequential and year-over-year comparisons were positive.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased in the latest quarter. Both sequential and year-over-year comparisons were positive.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.1M
Revenue reported for this quarter.
Quarter-over-quarter
+11.3%
Change from the immediately preceding quarter.
Year-over-year
+122.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.7M
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 |
|---|---|---|
| Dec 31, 2022 | $3.8M | +131.0% |
| Mar 31, 2023 | $4.3M | +119.4% |
| Jun 30, 2023 | $5.5M | +111.5% |
| Sep 30, 2023 | $6.1M | +122.1% |
Revenue performance
The reported revenue exceeded the prior quarter's figure. The year-over-year growth was substantially larger than the sequential increase.
Quarterly comparison
Compared to the immediately preceding quarter, revenue moved higher. The increase relative to the same quarter one year earlier was also significant.
What to watch
The company continues to report an accumulated deficit and net losses, reflecting ongoing investment in growth.