IONQ Q4 2024 Earnings — Income Statement Breakdown
For its Q4 2024 period (ending 2024-12-31), IONQ reported revenue of $12M, gross profit of $7M (56.9% gross margin), operating income of −$78M, and net income of −$202M (-1725.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
IONQ reported a net loss; revenue grew 91.8% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +91.8% | −382.0% | −1038.7 pp |
| Quarter over quarter | −5.6% | −284.8% | −1301.6 pp |
Consensus estimate data is not available for this report.
IONQ Q4 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $12M | 100% |
| Cost of Revenue | −$5M | 43.1% |
| Gross Profit | $7M | 56.9% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$84M | 718.8% |
| Operating Income | −$78M | -661.9% |
| Other Income, net | −$125M | 1063.3% |
| Income Tax Expense | $20,000 | 0.2% |
| Net Income | −$202M | -1725.0% |
Source: original SEC filing (filed 2025-02-26). Accession 0000950170-25-027713. Data normalized by EarningsFyi.