IQMX
IQM Quantum Computers Oyj
Price Chart
Latest Quote
$9.48
| Previous Close | $8.95 |
| Open | $9.03 |
| Day High | $9.57 |
| Day Low | $8.97 |
| Volume | 147,019 |
Stock Information
| Shares Outstanding | 189.50M |
| Total Debt | $31.86M |
| Cash Equivalents | $132.34M |
| Revenue | $38.04M |
| Net Income | $-105.43M |
| Sector | Technology |
| Industry | Computer Hardware |
| Market Cap | $1.80B |
| EPS (TTM) | $-1.93 |
| Exchange | NMS |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $1.42B |
| Sales | $38.04M |
| Income | $-105.43M |
| Book/sh | $1.28 |
| Cash/sh | $0.63 |
| Employees | 460 |
Financial Ratios
| Quick Ratio | 2.41 |
| Current Ratio | 3.12 |
| Debt/Eq | 15.69 |
Returns & Margins
| Gross Margin | 47.36% |
| Operating Margin | -462.28% |
| Profit Margin | -277.18% |
Ownership
| Institutional Ownership | 3.28% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | -11.91 |
| P/S | 52.57 |
| P/B | 7.39 |
Analyst Data
| Recommendation | hold |
| Target Price | $10.35 |
Technical Indicators
| SMA20 | $9.79 |
| SMA50 | $10.09 |
| SMA200 | $10.58 |
| RSI | 31.84 |
| ATR | 0.4465 |
| Shares Float | 101.68M |
| Short Ratio | 2.56 |
| Rel Volume | 0.63 |
Performance History
| Week | +2.16% |
| Month | -7.51% |
| Quarter | -9.54% |
| 6 Months | -12.79% |
| YTD | -7.24% |
| Year | -9.11% |
| 10 Years | -5.67% |
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-10-27 | $9.48 | 147,019 |
| 2026-10-26 | $8.95 | 166,100 |
| 2026-10-23 | $9.01 | 116,900 |
| 2026-10-22 | $8.90 | 186,100 |
| 2026-10-21 | $9.38 | 136,900 |
| 2026-10-20 | $9.28 | 149,200 |
| 2026-10-19 | $9.28 | 204,800 |
| 2026-10-16 | $9.23 | 466,100 |
| 2026-10-15 | $9.50 | 376,200 |
| 2026-10-14 | $9.61 | 253,800 |
| 2026-10-13 | $9.88 | 473,800 |
| 2026-10-12 | $10.21 | 315,900 |
| 2026-10-09 | $10.23 | 142,400 |
| 2026-10-08 | $10.17 | 285,400 |
| 2026-10-07 | $10.45 | 145,700 |
| 2026-10-06 | $10.87 | 171,200 |
| 2026-10-05 | $10.56 | 322,400 |
| 2026-10-02 | $10.35 | 287,400 |
| 2026-10-01 | $10.12 | 205,800 |
| 2026-09-30 | $10.37 | 124,700 |
| 2026-09-29 | $10.37 | 114,300 |
| 2026-09-28 | $10.25 | 160,700 |
About IQM Quantum Computers Oyj
IQM Quantum Computers Oyj builds and delivers quantum computers. The company offers full-stack quantum computing systems, including the IQM Spark system, a five-qubit quantum computer designed primarily for education and research environments; IQM Radiance system, a system currently spanning configurations from approximately 20 to 150 qubits designed for high-performance computing centers and offers an upgradeable platform; and IQM Halocene system, a system designed to scale beyond 150 qubits while incorporating quantum error correction capabilities that are intended to support more advanced quantum applications; as well as the IQM Resonance cloud platform. The company also offers professional services, including training, maintenance and technical support. It serves research institutions, universities, high-performance computing centers, and enterprises. The company was founded in 2018 and is headquartered in Espoo, Finland.
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | ||
| Reconciled Cost Of Revenue | $18,346,051 | $12,739,004 |
| Cost Of Revenue | $18,346,051 | $12,739,004 |
| Total Revenue | $35,158,214 | $18,442,550 |
| Operating Revenue | $35,158,214 | $18,442,550 |
| Expenses | ||
| Interest Expense | $1,269,075 | $1,701,077 |
| Total Expenses | $98,349,418 | $74,608,394 |
| Other Income Expense | $-2,126,347 | $59,470 |
| Net Non Operating Interest Income Expense | $4,662,253 | $-4,600,539 |
| Total Other Finance Cost | $-3,787,029 | $2,916,293 |
| Interest Expense Non Operating | $1,269,075 | $1,701,077 |
| Operating Expense | $80,003,367 | $61,869,390 |
| Other Operating Expenses | $-4,186,490 | $-4,634,201 |
| Selling And Marketing Expense | $6,596,724 | $4,994,390 |
| General And Administrative Expense | $20,730,476 | $13,914,946 |
| Income & Earnings | ||
| Net Income From Continuing Operation Net Minority Interest | $-61,028,951 | $-60,710,279 |
| Net Interest Income | $4,662,253 | $-4,600,539 |
| Interest Income | $2,144,300 | $16,831 |
| Normalized Income | $-59,327,873 | $-60,757,855 |
| Net Income From Continuing And Discontinued Operation | $-61,028,951 | $-60,710,279 |
| Total Operating Income As Reported | $-65,151,482 | $-56,145,647 |
| Net Income Common Stockholders | $-61,028,951 | $-60,710,279 |
| Net Income | $-61,028,951 | $-60,710,279 |
| Net Income Including Noncontrolling Interests | $-61,028,951 | $-60,710,279 |
| Net Income Continuous Operations | $-61,028,951 | $-60,710,279 |
| Pretax Income | $-60,655,297 | $-60,708,035 |
| Special Income Charges | $-1,960,278 | $21,320 |
| Interest Income Non Operating | $2,144,300 | $16,831 |
| Operating Income | $-63,191,204 | $-56,165,845 |
| Gross Profit | $16,812,164 | $5,703,546 |
| Per Share | ||
| Diluted EPS | - | $-0.29 |
| Basic EPS | - | $-0.29 |
| Other | ||
| Tax Effect Of Unusual Items | $-425,269 | $11,894 |
| Tax Rate For Calcs | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-42,489,902 | $-46,098,519 |
| Total Unusual Items | $-2,126,347 | $59,470 |
| Total Unusual Items Excluding Goodwill | $-2,126,347 | $59,470 |
| Reconciled Depreciation | $14,769,973 | $12,967,909 |
| EBITDA (Bullshit earnings) | $-44,616,248 | $-46,039,049 |
| EBIT | $-59,386,222 | $-59,006,958 |
| Diluted NI Availto Com Stockholders | $-61,028,951 | $-60,710,279 |
| Tax Provision | $373,654 | $2,244 |
| Other Special Charges | $-239,004 | - |
| Write Off | $204,219 | $-21,320 |
| Impairment Of Capital Assets | $1,995,063 | $0 |
| Gain On Sale Of Security | $-166,068 | $38,151 |
| Research And Development | $56,862,658 | $47,594,256 |
| Selling General And Administration | $27,327,200 | $18,909,336 |
| Other Gand A | $20,730,476 | $13,914,946 |
| Diluted Average Shares | - | $236,746,731 |
| Basic Average Shares | - | $236,746,731 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Assets | ||
| Net Tangible Assets | $230,005,613 | $7,468,582 |
| Total Assets | $298,039,726 | $120,843,808 |
| Total Non Current Assets | $79,342,461 | $85,274,911 |
| Other Non Current Assets | $-1,122 | - |
| Non Current Prepaid Assets | $1,005,386 | $1,218,582 |
| Investmentin Financial Assets | $15,709 | $0 |
| Goodwill And Other Intangible Assets | $1,032,316 | $1,209,605 |
| Other Intangible Assets | $1,032,316 | $1,209,605 |
| Current Assets | $218,697,265 | $35,568,896 |
| Other Current Assets | $1,588,869 | $171,679 |
| Current Deferred Assets | $1,621,409 | $0 |
| Prepaid Assets | $3,250,673 | $4,676,840 |
| Inventory | $15,138,016 | $6,340,889 |
| Receivables | $31,680,880 | $4,074,282 |
| Other Receivables | $10,369,165 | $1,189,408 |
| Taxes Receivable | $3,931,777 | $577,873 |
| Accounts Receivable | $17,379,937 | $2,307,002 |
| Allowance For Doubtful Accounts Receivable | $-176,167 | $-12,343 |
| Gross Accounts Receivable | $17,557,226 | $2,318,223 |
| Cash Cash Equivalents And Short Term Investments | $165,417,417 | $20,305,207 |
| Cash And Cash Equivalents | $164,434,473 | $19,352,559 |
| Cash Financial | $164,434,473 | $19,352,559 |
| Debt | ||
| Total Debt | $27,870,288 | $77,304,759 |
| Long Term Debt And Capital Lease Obligation | $24,019,300 | $68,491,922 |
| Long Term Debt | $10,346,724 | $52,303,636 |
| Current Debt And Capital Lease Obligation | $3,850,987 | $8,812,837 |
| Current Debt | $1,073,833 | $5,697,935 |
| Other Current Borrowings | $1,073,833 | $5,697,935 |
| Net Debt | - | $38,649,013 |
| Liabilities | ||
| Total Liabilities Net Minority Interest | $67,001,796 | $112,165,621 |
| Total Non Current Liabilities Net Minority Interest | $24,035,009 | $84,808,125 |
| Current Liabilities | $42,966,787 | $27,357,496 |
| Other Current Liabilities | $8,491,921 | $3,301,167 |
| Current Deferred Liabilities | $8,500,898 | $5,803,411 |
| Payables And Accrued Expenses | $15,423,025 | $4,950,628 |
| Payables | $11,063,734 | $4,950,628 |
| Total Tax Payable | $1,127,693 | - |
| Income Tax Payable | $120,063 | - |
| Accounts Payable | $9,936,041 | $4,950,628 |
| Other Non Current Liabilities | - | $145,871 |
| Derivative Product Liabilities | - | $16,154,623 |
| Equity | ||
| Common Stock Equity | $231,037,929 | $8,678,187 |
| Total Equity Gross Minority Interest | $231,037,929 | $8,678,187 |
| Stockholders Equity | $231,037,929 | $8,678,187 |
| Gains Losses Not Affecting Retained Earnings | $491,630,392 | $208,241,699 |
| Other Equity Adjustments | $491,630,392 | $208,241,699 |
| Retained Earnings | $-260,595,829 | $-199,566,879 |
| Other | ||
| Ordinary Shares Number | $236,746,731 | $236,746,731 |
| Share Issued | $236,746,731 | $236,746,731 |
| Tangible Book Value | $230,005,613 | $7,468,582 |
| Invested Capital | $242,458,486 | $66,679,759 |
| Working Capital | $175,730,478 | $8,211,400 |
| Capital Lease Obligations | $16,449,731 | $19,303,187 |
| Total Capitalization | $241,384,653 | $60,981,823 |
| Capital Stock | $3,366 | $3,366 |
| Common Stock | $3,366 | $3,366 |
| Employee Benefits | $15,709 | $15,709 |
| Long Term Capital Lease Obligation | $13,672,576 | $16,188,286 |
| Current Deferred Revenue | $8,500,898 | $5,803,411 |
| Current Capital Lease Obligation | $2,777,154 | $3,114,901 |
| Pensionand Other Post Retirement Benefit Plans Current | $6,699,955 | $4,489,452 |
| Current Accrued Expenses | $4,359,291 | - |
| Investments And Advances | $15,709 | $0 |
| Available For Sale Securities | $15,709 | - |
| Net PPE | $77,290,172 | $82,846,725 |
| Accumulated Depreciation | $-29,516,383 | $-16,981,598 |
| Gross PPE | $106,806,554 | $99,828,323 |
| Leases | $17,189,183 | $12,088,196 |
| Construction In Progress | $2,478,680 | $3,427,962 |
| Other Properties | $4,488 | $3,766,831 |
| Machinery Furniture Equipment | $70,425,270 | $64,150,584 |
| Buildings And Improvements | $16,708,932 | $16,394,749 |
| Properties | $0 | $0 |
| Other Inventories | $-1,122 | - |
| Work In Process | $1,429,533 | $792,190 |
| Raw Materials | $13,709,605 | $5,548,698 |
| Other Short Term Investments | $982,944 | $952,648 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Free Cash Flow | ||
| Free Cash Flow | $-77,124,103 | $-57,193,672 |
| Operating Activities | ||
| Operating Cash Flow | $-64,179,758 | $-44,288,600 |
| Cash Flow From Continuing Operating Activities | $-64,177,514 | $-44,289,722 |
| Operating Gains Losses | $1,344,255 | $10,099 |
| Investing Activities | ||
| Capital Expenditure | $-12,944,345 | $-12,905,072 |
| Investing Cash Flow | $-10,768,627 | $-12,888,241 |
| Cash Flow From Continuing Investing Activities | $-10,768,627 | $-12,888,241 |
| Financing Activities | ||
| Repurchase Of Capital Stock | $-33,090,216 | $0 |
| Issuance Of Capital Stock | $316,625,902 | $0 |
| Financing Cash Flow | $220,095,380 | $12,940,979 |
| Cash Flow From Continuing Financing Activities | $220,095,380 | $12,940,979 |
| Net Other Financing Charges | $-7,037,702 | $-47,127 |
| Cash Dividends Paid | $0 | $0 |
| Net Common Stock Issuance | $283,535,686 | $0 |
| Common Stock Issuance | $316,625,902 | $0 |
| Other | ||
| Repayment Of Debt | $-49,995,512 | $-5,068,447 |
| Issuance Of Debt | $924,596 | $19,414,273 |
| End Cash Position | $164,434,473 | $19,352,559 |
| Beginning Cash Position | $19,352,559 | $63,555,881 |
| Effect Of Exchange Rate Changes | $-63,959 | $33,662 |
| Changes In Cash | $145,145,873 | $-44,236,984 |
| Interest Paid Cff | $-7,331,688 | $-1,357,720 |
| Common Stock Payments | $-33,090,216 | $0 |
| Net Issuance Payments Of Debt | $-49,070,916 | $14,345,826 |
| Net Long Term Debt Issuance | $-49,070,916 | $14,345,826 |
| Long Term Debt Payments | $-49,995,512 | $-5,068,447 |
| Long Term Debt Issuance | $924,596 | $19,414,273 |
| Interest Received Cfi | $2,144,300 | $16,831 |
| Net PPE Purchase And Sale | $-12,912,927 | $-12,905,072 |
| Sale Of PPE | $31,418 | $0 |
| Purchase Of PPE | $-12,944,345 | $-12,905,072 |
| Taxes Refund Paid | $-310,817 | $-2,244 |
| Change In Working Capital | $-24,296,455 | $-4,133,752 |
| Change In Other Working Capital | $4,698,160 | $-2,844,479 |
| Change In Other Current Liabilities | $2,259,874 | $1,637,119 |
| Change In Other Current Assets | $-5,499,327 | $2,552,738 |
| Change In Payables And Accrued Expense | $5,071,813 | $-4,109,066 |
| Change In Payable | $5,071,813 | $-4,109,066 |
| Change In Account Payable | $5,071,813 | $-4,109,066 |
| Change In Inventory | $-8,738,779 | $-1,076,077 |
| Change In Receivables | $-22,088,196 | $-293,986 |
| Changes In Account Receivables | $-15,058,348 | $425,269 |
| Other Non Cash Items | $-3,969,928 | $4,517,505 |
| Stock Based Compensation | $7,037,702 | $2,926,391 |
| Provisionand Write Offof Assets | $43,761 | $133,528 |
| Asset Impairment Charge | $1,857,047 | - |
| Deferred Tax | $373,654 | $2,244 |
| Deferred Income Tax | $373,654 | $2,244 |
| Depreciation Amortization Depletion | $14,769,973 | $12,967,909 |
| Depreciation And Amortization | $14,769,973 | $12,967,909 |
| Amortization Cash Flow | $177,289 | $177,289 |
| Amortization Of Intangibles | $177,289 | $177,289 |
| Depreciation | $14,592,684 | $12,790,620 |
| Gain Loss On Sale Of PPE | $1,344,255 | $10,099 |
| Net Income From Continuing Operations | $-61,028,951 | $-60,710,279 |