IonQ Q4 2024 Earnings: Strong Bookings, Key Acquisitions, and Commercial Momentum

Momentum in Quantum Computing and Networking, but High Cash Burn Remains a Watchpoint

IonQ delivered its best year ever, with full-year revenue of $43.1 million, up 95% year-over-year (YoY), and Q4 revenue of $11.7 million, exceeding guidance. Bookings also showed strong momentum, increasing 46% YoY to $95.6 million. The company continues to expand its leadership in quantum computing and networking, with key acquisitions such as Qubitekk…