IONQ Q4 2023 Earnings — Income Statement Breakdown
For its Q4 2023 period (ending 2023-12-31), IONQ reported revenue of $6M, gross profit of $3M (48.2% gross margin), operating income of −$54M, and net income of −$42M (-686.3% net margin). The flow of revenue into costs and profit is visualized below.
What changed
IONQ reported a net loss; revenue fell 0.5% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −0.5% | +6.5% | +44.0 pp |
Consensus estimate data is not available for this report.
IONQ Q4 2023 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $6M | 100% |
| Cost of Revenue | −$3M | 51.8% |
| Gross Profit | $3M | 48.2% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$57M | 939.9% |
| Operating Income | −$54M | -891.7% |
| Other Income, net | $13M | 205.3% |
| Income Tax Expense | $9,000 | 0.1% |
| Net Income | −$42M | -686.3% |
Source: original SEC filing (filed 2024-02-28). Accession 0000950170-24-022062. Data normalized by EarningsFyi.