IonQ (IONQ) Revenue — Quarter Ended Jun 30, 2024
Revenue increased materially during the current quarter. The company reported higher revenue compared with both the immediate prior quarter and the same quarter one year ago.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased materially during the current quarter. The company reported higher revenue compared with both the immediate prior quarter and the same quarter one year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$11.4M
Revenue reported for this quarter.
Quarter-over-quarter
+50.1%
Change from the immediately preceding quarter.
Year-over-year
+106.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$31.2M
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 |
|---|---|---|
| Sep 30, 2023 | $6.1M | +122.1% |
| Dec 31, 2023 | $6.1M | +60.4% |
| Mar 31, 2024 | $7.6M | +76.9% |
| Jun 30, 2024 | $11.4M | +106.4% |
Revenue performance
The reported revenue for this quarter rose sharply, reflecting a positive trajectory. The trailing twelve-month revenue also showed a strong upward trend.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was substantially higher. Relative to the same quarter one year earlier, the revenue increase was even more pronounced.
What to watch
The company continues to report significant operating losses and an accumulated deficit, despite revenue growth.