IONQ Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-09-30), IONQ reported revenue of $12M, gross profit of $6M (47.5% gross margin), operating income of −$53M, and net income of −$52M (-423.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
IONQ reported a net loss; revenue grew 102.1% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +102.1% | −17.1% | +306.9 pp |
| Quarter over quarter | +9.0% | −39.8% | −93.3 pp |
Consensus estimate data is not available for this report.
IONQ Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $12M | 100% |
| Cost of Revenue | −$7M | 52.5% |
| Gross Profit | $6M | 47.5% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$59M | 476.0% |
| Operating Income | −$53M | -428.5% |
| Other Income, net | $623,000 | 5.0% |
| Income Tax Expense | $16,000 | 0.1% |
| Net Income | −$52M | -423.4% |
Source: original SEC filing (filed 2024-11-06). Accession 0000950170-24-122264. Data normalized by EarningsFyi.