IonQ (IONQ) Revenue — Quarter Ended Mar 31, 2025
Revenue declined from the immediately preceding quarter, while compared to the same quarter one year earlier it was essentially flat. The filing context notes that the company has incurred significant losses historically and expects higher operating expenses ahead.
Key takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue declined from the immediately preceding quarter, while compared to the same quarter one year earlier it was essentially flat. The filing context notes that the company has incurred significant losses historically and expects higher operating expenses ahead.
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
-35.4%
Change from the immediately preceding quarter.
Year-over-year
-0.2%
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 |
|---|---|---|
| Jun 30, 2024 | $11.4M | +106.4% |
| Sep 30, 2024 | $12.4M | +102.1% |
| Dec 31, 2024 | $11.7M | +91.8% |
| Mar 31, 2025 | $7.6M | -0.2% |
Revenue performance
The reported revenue decreased relative to the prior quarter, reversing the sequential growth seen in earlier periods. The year-over-year comparison showed little change, indicating a stabilization after a period of strong increases.
Quarterly comparison
Compared with the immediately preceding quarter, revenue fell; the prior quarter had been higher and had followed a pattern of sequential gains. Versus the same quarter one year earlier, revenue was nearly unchanged, reflecting a pause in the upward trajectory.
What to watch
The company’s accumulated deficit and ongoing net losses, as noted in the filing, remain a factor to monitor alongside future revenue trends.