IQM Quantum Computers (ADR) (IQMX)
Builds superconducting quantum computers, cloud access and HPC services for research institutions and enterprises.
Something off on this page? Send us feedback.
Builds and sells customer-owned superconducting quantum computers, cloud access, and HPC, support and application services for research and enterprise users. The vertically integrated business serves largely public-sector buyers and depends on converting complex system deliveries into revenue.
Designs and installs full-stack superconducting quantum computers for universities, research institutions, national laboratories, high-performance-computing centers and enterprises. Its portfolio spans IQM Spark for teaching and early experimentation, the upgradeable IQM Radiance on-premises platform, and IQM Halocene for quantum-error-correction research; IQM Resonance offers managed cloud access.
Earns revenue from system contracts, installations and upgrades, maintenance, training, cloud usage, and integration and application services. Customers across Europe, Asia-Pacific, North America and the Middle East can own and operate systems while retaining control of infrastructure and the intellectual property developed on them.
Integrates chip design, superconducting-chip fabrication, packaging, system assembly and quantum-data-center operations, alongside classical-HPC connectivity. Execution depends on technical reliability, specialized components and cryogenic systems, public-sector procurement, manufacturing and installation capacity, software-asset integration, and U.S. and Finnish public-company, privacy and cybersecurity obligations.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $135.8M · Total debt $32.7M · Total assets $289.7M · Shareholders' equity $208.3M
- Revenue
- $7.8M
- Operating income
- −$37.8M
- Net income
- −$42.5M
No dividends on record.
No ownership filings on record for this listing.
- Rigetti Computing
Closest listed superconducting rival in systems and cloud access.
- IBM
Superconducting systems, cloud access, and HPC deployments.
- Alphabet Class A
Willow superconducting hardware challenges error-correction research.
- Microsoft
Cloud quantum, development tools, and hybrid workflows.
- IonQ
Enterprise quantum systems and cloud access via Amazon Braket.
- Quantinuum
Full-stack trapped-ion systems for HPC and industrial workloads.
- Xanadu Quantum Technologies
Photonic full-stack platform for scalable error-corrected systems.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| IQM Quantum Computers (ADR) | $10.80 | +5.26% | $2.16B | — | — | 167.9 | — |
| Rigetti Computing | $16.43 | −0.64% | $5.49B | — | — | 411.5 | +185.3% |
| IBM | $231.78 | −0.06% | $218.51B | 20.5 | 18.2 | 3.2 | +1.1% |
| Alphabet Class A | $353.40 | −0.44% | $4.30T | 17.8 | 26.3 | 9.6 | +24.2% |
| Microsoft | $498.93 | −0.54% | $3.72T | 27.9 | 25.4 | 11.2 | +17.8% |
| IonQ | $40.50 | −0.02% | $15.12B | — | — | 61.3 | +286.8% |
| Quantinuum | $51.28 | +0.25% | $13.47B | — | — | — | — |
| Xanadu Quantum Technologies | $5.84 | −20.74% | $166.9M | — | — | 29.9 | — |
| Median | 20.5 | 25.4 | 20.5 | +24.2% |