About IQM Quantum Computers
IQM Quantum Computers is Europe's largest quantum computing hardware company, building on-premises superconducting quantum computers for national labs, HPC centers and universities — with systems delivered across Finland, Germany, Spain, Poland, South Korea, Taiwan and beyond. It operates its own chip fabrication facility in Espoo, Finland.
Founded
2018
Headquarters
Espoo, Finland
Shares Outstanding
262.5M
Quantum Division
https://www.meetiqm.com/products
Quantum Technology
Physical Qubits
54
Hardware Type
Physical Qubits (Superconducting Transmon)
Cloud Access
Roadmap Target
Fault-tolerant quantum computing targeted by 2030, scaling through 150- and 300-qubit Radiance-class systems with error-corrected logical qubits
Superconducting transmon qubits; on-premises systems (IQM Spark, IQM Radiance up to 150 qubits); in-house chip fab in Espoo, Finland. 23 quantum computers sold worldwide as of its July 2026 Nasdaq listing — more than any other quantum hardware vendor.
Competing Approaches
Big tech companies using the same Superconducting approach
Willow (105 qubits) achieved below-threshold error correction (Dec 2024); first verifiable quantum advantage via the Quantum Echoes (OTOC) algorithm — 13,000× faster than the top classical supercomputer, published in Nature (Oct 2025); expanded into neutral-atom quantum computing (Mar 2026)
Useful quantum computing beyond classical simulation by 2029
Willow
105
qubits
Nighthawk 120-qubit processor (Nov 2025) with 218 tunable couplers targets quantum advantage by end of 2026; experimental Loon chip (112 qubits) demonstrates fault-tolerant hardware building blocks
Quantum advantage by end of 2026; fault-tolerant Starling system 2029; 100,000+ qubit system by 2033
Nighthawk
120
qubits
Static data · These are diversified companies — not pure-play quantum investments · Updated Apr 2025
Quantum Sector Market Cap Share
5.2% of sectorCash Position & Runway
Total Cashⓘ
—
TTM Cash Burnⓘ
—
Cash flow positive
Cash Runwayⓘ
—
Total Debtⓘ
$0.00
Quarterly Operating Cash Flow
Red bars = cash burn (negative operating CF). Green = cash-flow positive. Source: SEC EDGAR 10-Q filings.
Financial Metrics (Annual)
Total Revenueⓘ
—
Revenue Growth (YoY)ⓘ
—
Gross Marginsⓘ
—
Operating Marginsⓘ
—
Net Marginsⓘ
—
Total Debtⓘ
$0.00
P/E Ratio (TTM)ⓘ
—
EPS (TTM)ⓘ
—
Price / Bookⓘ
—
Returns vs S&P 500
1Y
Source: price_history vs SPY · Periods where price history is unavailable are hidden
Shares Outstanding History
Share-count history will appear here once IQM Quantum Computers has filed enough reports with the SEC to chart a trend. Recently listed companies start with a single data point.
SPAC Warrant Overhang
IQM Quantum Computers went public via SPAC merger with Real Asset Acquisition Corp (2026-07). SPAC warrants allow holders to buy shares at the strike price — exercising them creates new shares and dilutes existing holders.
Strike Price
$11.50
Outstanding
12.5M
Dilution Ceiling
$144.11M
Dilution ceiling = outstanding warrants × strike price. Outstanding count changes as warrants are exercised or expire — sourced from latest SEC 10-K/20-F.
SEC Filings & Earnings Reports
View 10-K, 10-Q, 8-K filings on SEC EDGAR
Daily Short Volume (FINRA)
Latest Short Vol %
46.9%
2026-07-02
Short Volume
181,069
| Date | Short Vol | Total Vol | Short % |
|---|---|---|---|
| 2026-07-02 | 181,069 | 385,799 | 46.9% |
Source: FINRA CNMS · Not the same as total short interest (outstanding positions) · Updated daily
Recent Research Papers (arXiv)
arXiv ↗Quantum Generative Diffusion Model for Real-World Time Series
Quantum Ergodicity and Thermalization in Interval Quantum Mechanics
Practical Tests and Witnesses of Fermionic non-Gaussianity
Towards Chemically Accurate and Scalable Quantum Simulations on IQM Quantum Hardware: A Quantum-HPC Hybrid Approach
Evaluating state-of-the-art cloud quantum computers for quantum neural networks in gravitational waves data analysis
An edge-based and subspace reduction encoding scheme to solve the traveling salesman problem in quantum computers
Twinned Dynamical Decoupling
Quantum Assisted Ghost Gutzwiller Ansatz
Source: arXiv.org API · Papers mentioning company name · Updated every 48 hours
StockTwits Sentiment
Source: StockTwits · last 30 messages · updated every 4h
Recent News
Press Releases
GlobeNewswire ↗No recent press releases found.
Source: Company newsroom (direct) + wire services (GlobeNewswire, PR Newswire) via Finnhub
News Mention Volume (30 days)
Source: Yahoo Finance · articles indexed every 4h · Sentiment scored via Loughran-McDonald financial word lists (bullish/bearish keyword frequency). Not ML-based — scores reflect word presence only and may not capture context or sarcasm.
No annual summaries available yet.
Summaries are generated automatically. Check back after the next scheduled update.
10-K · 10-Q · 20-F with AI summaries on demand
All Filings ↗| Date Filed | Form | Period Covered | ||
|---|---|---|---|---|
| 2026-07-01 | 6-K | — | EDGAR ↗ |
Source: SEC EDGAR · Annual: 10-K / 20-F · Quarterly: 10-Q · AI summaries generated automatically
Earnings releases, contracts, leadership changes, offerings
All 8-Ks ↗Source: SEC EDGAR · Material events, earnings releases, contract announcements · Updated weekly
S-3 shelf registrations and 424B3 prospectus supplements represent potential dilution events. Each 424B3 is an at-the-money (ATM) offering where new shares are sold into the market. IQM Quantum Computers has 1 such filings on record.
All Shelf Filings ↗Source: SEC EDGAR · S-3 = shelf registration, 424B3/B5 = active offering (dilutive)
SC 13G/D filers · >5% ownership
All 13G/D ↗| Institution | Form | % Owned | Filed |
|---|---|---|---|
| SC 13G/A | 4.82% | 2025-08-14 | |
| SC 13G | 8.52% | 2025-08-13 | |
| SC 13G/A | 7.30% | 2025-08-14 | |
| SC 13G | 8.00% | 2025-05-06 | |
| SC 13G | 5.80% | 2025-08-14 | |
| SC 13G/A | 4.67% | 2026-05-13 | |
| SC 13G | 5.35% | 2025-05-13 | |
| SC 13G/A | 2.90% | 2025-08-14 |
Source: SEC EDGAR SC 13G/D · Updated monthly
Open-market buys and sells by directors and officers
All Form 4s ↗No insider transactions indexed yet.
Source: SEC EDGAR Form 4 · Open-market buys and sells · Updated daily