IonQ (IONQ) Revenue — Quarter Ended Sep 30, 2024
Revenue increased in the reporting quarter compared to both the prior quarter and the same quarter last year. Management cited growth investments and technology development, while noting accumulated deficits and expected future operating losses.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased in the reporting quarter compared to both the prior quarter and the same quarter last year. Management cited growth investments and technology development, while noting accumulated deficits and expected future operating losses.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.4M
Revenue reported for this quarter.
Quarter-over-quarter
+9.0%
Change from the immediately preceding quarter.
Year-over-year
+102.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$37.5M
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 |
|---|---|---|
| Dec 31, 2023 | $6.1M | +60.4% |
| Mar 31, 2024 | $7.6M | +76.9% |
| Jun 30, 2024 | $11.4M | +106.4% |
| Sep 30, 2024 | $12.4M | +102.1% |
Revenue performance
The reported revenue moved higher, reflecting continued growth from the preceding quarter. This marks a further increase over the same period one year earlier.
Quarterly comparison
Revenue exceeded the level achieved in the immediately prior quarter. Compared with the same quarter one year ago, revenue was also higher.
What to watch
Management expects significant operating losses and higher expenses for the foreseeable future.