IonQ Inc
IONQ
$52.69 -3.78%
Exchange: NYSE | Sector: Technology | Industry: Computer Hardware
Q4 2024
Published: Feb 26, 2025

Earnings Highlights

  • Revenue of $11.71M up 91.8% year-over-year
  • EPS of $-0.95 decreased by 375% from previous year
  • Gross margin of 93.7%
  • Net income of -202.00M
  • ""We are generating a strong foundation for what we expect will be another incredible year for IonQ."" - Thomas Kramer (CFO)
IONQ
IonQ Inc

Executive Summary

IonQ Inc recorded a remarkable financial performance in Q4 2024, achieving revenues of $11.7 million, marking a 91.78% increase year-over-year. Total bookings surged to $95.6 million, a notable 47% increase compared to last year, driven by strategic acquisitions and a growing market demand for quantum solutions. The company's comprehensive approach towards enhancing its core offerings in quantum networking, as underscored by the acquisition of Qubitekk and the announced acquisition of ID Quantique, aims at establishing IonQ as a leader in the sector. Management emphasized that 2025 is expected to be a pivotal year for the company, positioning itself for inflection in quantum market growth. Despite a significant net loss of $202 million for the quarter and $331.6 million for the year, driven by increased operational investments, the outlook remains optimistic with projected 2025 revenue guidance between $75 million and $95 million.

Key Performance Indicators

Revenue
Increasing
11.71M
QoQ: -5.56% | YoY: 91.78%
Gross Profit
Increasing
10.97M
93.68% margin
QoQ: 86.41% | YoY: 272.75%
Operating Income
Decreasing
-77.50M
QoQ: -45.86% | YoY: -42.34%
Net Income
Decreasing
-202.00M
QoQ: -284.79% | YoY: -382.05%
EPS
Decreasing
-0.95
QoQ: -295.83% | YoY: -375.00%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2024 11.71 -0.95 +91.8% View
Q3 2024 12.40 -0.24 +102.1% View
Q2 2024 11.38 -0.18 +106.4% View
Q1 2024 7.58 -0.19 +76.9% View
Q4 2023 6.11 -0.20 +60.4% View