How did IonQ's other items impact profitability?
3/30/2025 03:27pm
IonQ's profitability was significantly impacted by its platform, consulting and support services, and specialized quantum computing hardware segments, as evidenced by the revenue and net income figures.
1. **Revenue by Business Segments**: IonQ's revenue was primarily driven by its specialized quantum computing hardware, which generated $21.59 million, and its platform, consulting, and support services, which contributed $21.48 million. These segments collectively accounted for the company's total revenue, indicating a diversified revenue stream.
|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|IONQ|IONQ.N|IonQ|20240101-2024|Platform, Consulting and Support Services|2.1479E7|169|
|IONQ|IONQ.N|IonQ|20240101-2024|Platform, Consulting and Support Services|1.4062E7|169|
|IONQ|IONQ.N|IonQ|20240101-2024|Platform, Consulting and Support Services|8007000|169|
|IONQ|IONQ.N|IonQ|20240101-2024|Platform, Consulting and Support Services|3963000|169|
|IONQ|IONQ.N|IonQ|20240101-2024|Specialized Quantum Computing Hardware|3619000|169|
|IONQ|IONQ.N|IonQ|20240101-2024|Platform, Consulting and Support Services|3963000|169|
2. **Net Income Impact**: IonQ reported a net loss of $202 million for the most recent quarter, which is a significant figure considering the company's revenue of $21.59 million from specialized quantum computing hardware and $21.48 million from platform, consulting, and support services. This indicates that despite generating revenue, IonQ's net income was deeply in the negative, suggesting that the company's costs and expenses far outweighed its revenues.
|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|IONQ|IONQ.N|IonQ|2024 Q1|-44.82405442973151|-3.9592E7|169|
|IONQ|IONQ.N|IonQ|2024 Q2|14.083443890388397|-3.7561E7|169|
|IONQ|IONQ.N|IonQ|2024 Q3|-17.149806967039343|-5.2496E7|169|
|IONQ|IONQ.N|IonQ|2024 Q4|-382.04944635357003|-2.01998E8|169|
3. **Net Income Growth Rate**: The net income growth rate for IonQ was -382.05%, which is a stark negative figure. This implies that not only was the company unprofitable, but its financial performance declined significantly compared to the previous year.
In conclusion, IonQ's profitability is deeply affected by its business segments, with significant revenue generated from specialized quantum computing hardware and platform, consulting, and support services. However, the company's net income is negatively impacted, indicating that it is currently unprofitable and facing substantial challenges in achieving profitability.