IQM Quantum Computers Oyj (IQMX) Stock Score, Valuation & Financial Research

IQM Quantum Computers Oyj is in the Technology sector and Computer Hardware industry. It is reviewed using Wall Street Score's company-strength, valuation, growth and financial-health framework. A complete Wall Street Score is not currently available.

Quick answer for IQMX

IQM Quantum Computers Oyj does not currently have a complete Wall Street Score. The stored market price is USD 10.37. These figures are a research snapshot, not a buy or sell recommendation.

What IQM Quantum Computers Oyj does

IQM Quantum Computers is a global leader in superconducting quantum computing. The company delivers on-premise quantum computers for supercomputing data centers and research labs and offers full access to its hardware.

Company business and revenue

Research reporting period: 2025-12-31. A research update is not a new financial filing.

How the company makes money

IQM generates revenue through the sale of full-stack superconducting quantum computer systems, co-development projects, and professional services. Additionally, the company provides cloud-based access to its quantum platforms, creating a recurring revenue stream as customers integrate these systems into their existing high-performance computing workflows.

Products and services

Full-stack superconducting quantum computers including IQM Spark (5-qubit), IQM Radiance (20–150 qubits), and IQM Halocene (>150 qubits), alongside the Resonance cloud platform for remote access.

Brands and product families

IQM Radiance — High-performance quantum system for HPC centers. Source
IQM Spark — Entry-level system for education and research. Source
IQM Halocene — Advanced system with over 150 qubits. Source
Resonance — Cloud platform for quantum access. Source

Customer types

Enterprises; Research institutions; High-performance computing centers; National laboratories.

Disclosed major customers

CSC (LUMI AI Factory) Source
Eldorado Research Institute Source
TOYO Corporation Source

Business relationships and partnerships

HPE — Commercial collaboration to integrate IQM’s superconducting quantum computers with HPE Cray HPC infrastructure for hybrid enterprise environments. Source

Business strengths to evaluate

Verified commercial scale with 26 full-stack quantum computers sold Source
Open and modular architecture allowing customer integration into existing workflows Source

Sources: Company research source · IQM Radiance · IQM Halocene · CSC (LUMI AI Factory) · HPE · Verified commercial scale with 26 full-stack quantum computers sold

Company research refreshed 2026-10-12. This is saved research, not a live check of company relationships. Check the reporting period and source disclosures. Financial figures and scores follow their separate update schedules.

IQMX financial snapshot

Statement amounts: USD. Quote amounts: USD. No exchange-rate conversion is performed in this snapshot. Market-capitalization currency is not supplied by this projection.

Wall Street Score:: Not currently available
Stored price:: USD 10.37
Market capitalization:: 2.19B (currency not supplied)
Revenue:: USD 14.62M
Net income:: USD -93.6M
Free cash flow:: USD -77.95M
Cash:: USD 146.88M
Total debt:: USD 37.06M
EPS:: USD -0.44

What stands out

Reported year-over-year revenue growth is -58.8%.
Free cash flow is USD -77.95M, negative for the stored period.
The balance sheet shows USD 146.88M of cash versus USD 37.06M of total debt, an excess of cash over debt on these two reported measures.
The current research record carries a share basis reconciled warning, which should be reviewed alongside the score.

Company-specific financial comparisons

The following are calculated from saved company data, not forecasts or statements about future performance. Differences in reporting dates or units can make a ratio misleading; verify the original filings.

Free cash flow is -533.0% of stored revenue. This is a simple cross-field ratio, not a verified same-period cash conversion margin; confirm reporting periods before comparison.
Net income equals -640.0% of stored revenue. This is an indicative ratio only; accounting periods and units should be verified in filings.
Cash exceeds debt by USD 109.82M using the stored balance-sheet values. This does not include other obligations or restricted cash.

Questions worth answering for IQMX

Use these questions to check the stored figures against the latest company filings. They identify issues to investigate; they are not findings about management's plans or future results.

What is driving IQMX's revenue decline, and does the latest filing suggest the weakness is temporary or structural?
How long can IQMX fund negative free cash flow using its current cash position before it may need more debt or new shares?
How is IQMX likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
What specifically needs to improve for IQMX to reach sustainable profitability?
What does the current share basis reconciled warning mean for the reliability or interpretation of IQMX's score?

What the numbers mean

A complete valuation score is not currently available, so valuation should be checked using the available earnings, cash-flow and price data.

A complete financial score is not currently available, so investors should review cash, debt, earnings and cash flow directly.

A strong company and an attractive stock price are not always the same thing. Revenue, earnings, free cash flow, debt, management quality, competitive advantage and valuation should be considered together. Wall Street Score organizes these inputs into a consistent research framework so investors can identify what deserves deeper review.

Data freshness: Financial data last refreshed 2026-10-01.

Research-input completeness: 64% of the scoring inputs required for this public page are currently available.

How to research IQMX

Start by understanding how the company makes money. Then compare revenue and earnings trends, cash generation, debt, liquidity and valuation. Review the company's latest filings and earnings reports before acting on any score or model estimate.

Learn how to analyze a stock · Read the Wall Street Score methodology · Browse other stocks

Data may change as company filings and market prices update. Educational research only; not a buy or sell recommendation.