IONQ Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2024-06-30), IONQ reported revenue of $11M, gross profit of $6M (50.6% gross margin), operating income of −$49M, and net income of −$38M (-330.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
IONQ reported a net loss; revenue grew 50.1% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +50.1% | +5.1% | +192.2 pp |
Consensus estimate data is not available for this report.
IONQ Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $11M | 100% |
| Cost of Revenue | −$6M | 49.4% |
| Gross Profit | $6M | 50.6% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$55M | 480.6% |
| Operating Income | −$49M | -430.0% |
| Other Income, net | $11M | 100.9% |
| Income Tax Expense | $15,000 | 0.1% |
| Net Income | −$38M | -330.0% |
Source: original SEC filing (filed 2024-08-07). Accession 0000950170-24-092737. Data normalized by EarningsFyi.