IonQ (IONQ) Revenue — Quarter Ended Mar 31, 2024
Revenue increased in the current quarter, continuing the upward trend observed over recent periods. The growth rate was positive both sequentially and compared to the same quarter a year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased in the current quarter, continuing the upward trend observed over recent periods. The growth rate was positive both sequentially and compared to the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.6M
Revenue reported for this quarter.
Quarter-over-quarter
+24.2%
Change from the immediately preceding quarter.
Year-over-year
+76.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$25.3M
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, 2023 | $5.5M | +111.5% |
| Sep 30, 2023 | $6.1M | +122.1% |
| Dec 31, 2023 | $6.1M | +60.4% |
| Mar 31, 2024 | $7.6M | +76.9% |
Revenue performance
Reported revenue rose compared to the immediately preceding quarter, reflecting ongoing expansion. The year-over-year comparison also showed a substantial increase.
Quarterly comparison
Revenue was higher than in the prior quarter, and the trailing twelve-month figure reached a new high. The same quarter one year earlier was significantly lower.
What to watch
The company has reported sequential and year-over-year revenue growth for this quarter, consistent with the recent trend.