IonQ (IONQ) Revenue — Quarter Ended Dec 31, 2024
Revenue for the quarter declined from the immediately preceding quarter but rose sharply compared to the same period one year earlier. The sequential decrease contrasts with the robust year-over-year growth.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue for the quarter declined from the immediately preceding quarter but rose sharply compared to the same period one year earlier. The sequential decrease contrasts with the robust year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$11.7M
Revenue reported for this quarter.
Quarter-over-quarter
-5.6%
Change from the immediately preceding quarter.
Year-over-year
+91.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$43.1M
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 |
|---|---|---|
| Mar 31, 2024 | $7.6M | +76.9% |
| Jun 30, 2024 | $11.4M | +106.4% |
| Sep 30, 2024 | $12.4M | +102.1% |
| Dec 31, 2024 | $11.7M | +91.8% |
Revenue performance
The reported revenue decreased versus the prior quarter, marking a reversal from the upward trend seen earlier in the year. However, on a year-over-year basis, revenue was significantly higher.
Quarterly comparison
Compared to the preceding quarter, revenue was lower, while compared to the same quarter a year ago, revenue was substantially higher.
What to watch
The company continues to report substantial net losses and an accumulated deficit, as noted in its management discussion.