NASDAQ : IQMX
IQM Quantum Computers Oyj — Financial statements
Technology · Hardware, Equipment & Parts · Finland
Last price 9.17 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.75B
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Financial statements
IQM Quantum Computers Oyj (IQMX) reported revenue of 34.17M EUR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Revenue | 34.17M | 31.33M | 16.44M |
| Cost of Revenue | 17.99M | 16.35M | 11.35M |
| Gross Profit | 16.18M | 14.98M | 5.08M |
| Selling, General & Admin | 48.33M | 24.35M | 16.85M |
| Research & Development | 59.07M | 50.68M | 42.42M |
| Other Operating Expenses | -6.07M | -3.61M | -4.13M |
| Operating Expenses | 101.49M | 71.60M | 55.12M |
| Operating Income | -85.31M | -56.62M | -50.04M |
| Interest Expense | -2.86M | -1.13M | -1.52M |
| Interest & Investment Income | 2.26M | 1.91M | 15.00K |
| Currency Exchange Gain (Loss) | -191.00K | -182.00K | -4.00K |
| Other Non Operating Income (Expenses) | -10.78M | 3.37M | -2.60M |
| EBT Excluding Unusual Items | -96.88M | -52.65M | -54.14M |
| Gain (Loss) on Sale of Investments | 4.12M | 34.00K | 38.00K |
| Asset Writedown | -1.66M | -1.66M | |
| Other Unusual Items | 213.00K | ||
| Pretax Income | -94.41M | -54.06M | -54.10M |
| Income Tax Expense | 301.00K | 333.00K | 2.00K |
| Net Income | -94.71M | -54.39M | -54.10M |
| Net Income to Common | -94.71M | -54.39M | -54.10M |
| Shares Outstanding (Basic) | 30.25M | 30.53M | 30.57M |
| Shares Outstanding (Diluted) | 30.25M | 30.53M | 30.57M |
| EPS (Basic) | -3.13 | -1.78 | -1.77 |
| EPS (Diluted) | -3.14 | -1.78 | -1.77 |
| Free Cash Flow | -95.70M | -68.73M | -50.97M |
| Free Cash Flow Per Share | -3.16 | -2.25 | -1.67 |
| Gross Margin | 47.36% | 47.82% | 30.93% |
| Operating Margin | -249.67% | -180.70% | -304.43% |
| Profit Margin | -277.18% | -173.58% | -329.19% |
| Free Cash Flow Margin | -280.08% | -219.36% | -310.12% |
| EBITDA | -76.58M | -46.95M | -42.45M |
| EBITDA Margin | -224.14% | -149.83% | -258.31% |
| D&A For EBITDA | 8.72M | 9.67M | 7.58M |
| EBIT | -85.31M | -56.62M | -50.04M |
| EBIT Margin | -249.67% | -180.70% |
Balance sheet
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Cash & Equivalents | 113.42M | 146.54M | 17.25M |
| Short-Term Investments | 5.46M | 876.00K | 849.00K |
| Cash & Short-Term Investments | 118.88M | 147.42M | 18.10M |
| Accounts Receivable | 20.49M | 22.77M | 3.08M |
| Other Receivables | 6.46M | 553.00K | |
| Receivables | 20.49M | 29.23M | 3.63M |
| Inventory | 25.45M | 14.45M | 8.20M |
| Prepaid Expenses | 1.94M | 1.62M | |
| Other Current Assets | 15.27M | 1.86M | 153.00K |
| Total Current Assets | 180.09M | 194.90M | 31.70M |
| Property, Plant & Equipment | 71.51M | 66.67M | 70.78M |
| Other Intangible Assets | 841.00K | 920.00K | 1.08M |
| Other Long-Term Assets | 1.28M | 3.12M | 4.14M |
| Total Assets | 253.72M | 265.61M | 107.70M |
| Accounts Payable | 7.76M | 8.86M | 4.41M |
| Accrued Expenses | 8.96M | 9.99M | 4.00M |
| Current Portion of Long-Term Debt | 12.81M | 8.53M | 5.08M |
| Current Portion of Leases | 2.34M | 2.48M | 2.78M |
| Current Income Taxes Payable | 107.00K | ||
| Current Unearned Revenue | 13.80M | 7.58M | 5.17M |
| Other Current Liabilities | 12.15M | 759.00K | 2.94M |
| Total Current Liabilities | 57.82M | 38.29M | 24.38M |
| Long-Term Debt | 2.16M | 9.22M | 61.01M |
| Long-Term Leases | 11.31M | 12.19M | 14.43M |
| Pension & Post-Retirement Benefits | 14.00K | 14.00K | 14.00K |
| Other Long-Term Liabilities | 129.00K | ||
| Total Liabilities | 71.30M | 59.71M | 99.96M |
| Common Stock | 80.00K | 3.00K | 3.00K |
| Retained Earnings | -307.14M | -232.24M | -177.85M |
| Comprehensive Income & Other | 489.48M | 438.14M | 185.59M |
| Shareholders' Equity | 182.42M | 205.90M | 7.73M |
| Total Liabilities & Equity | 253.72M | 265.61M | 107.70M |
| Total Debt | 28.62M | 32.41M | 83.29M |
| Net Cash (Debt) | 90.26M | 115.01M | -65.20M |
| Net Cash Per Share | 2.98 | 3.77 | -2.13 |
| Filing Date Shares Outstanding | 159.76M | 30.53M | 30.57M |
| Total Common Shares Outstanding | 159.76M | 30.53M | 30.57M |
| Working Capital | 122.27M | 156.61M | 7.32M |
| Book Value Per Share | 1.14 | 6.74 | 0.25 |
| Tangible Book Value | 181.58M | 204.98M | 6.66M |
| Tangible Book Value Per Share | 1.14 | 6.71 | 0.22 |
| Buildings | 3.96M | 3.96M | |
| Machinery | 62.75M | 57.14M | |
| Leasehold Improvements | 15.32M | 10.77M | |
| Order Backlog | 67.32M | 30.13M |
Cash flow statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Net Income | -94.71M | -54.39M | -54.10M |
| Depreciation & Amortization | 13.42M | 13.16M | 11.56M |
| Loss (Gain) From Sale of Assets | 1.20M | 1.20M | 9.00K |
| Asset Writedown & Restructuring Costs | 1.66M | 1.66M | |
| Stock-Based Compensation | 12.77M | 6.27M | 2.61M |
| Other Operating Activities | 8.19M | -3.44M | 4.14M |
| Change in Accounts Receivable | -18.40M | -19.68M | -262.00K |
| Change in Inventory | -17.53M | -7.79M | -959.00K |
| Change in Accounts Payable | -122.00K | 4.52M | -3.66M |
| Change in Unearned Revenue | 12.39M | 2.28M | -2.87M |
| Change in Other Net Operating Assets | 1.40M | -978.00K | 4.07M |
| Operating Cash Flow | -79.74M | -57.20M | -39.47M |
| Capital Expenditures | -15.96M | -11.54M | -11.50M |
| Sale of Property, Plant & Equipment | 7.00K | 28.00K | |
| Other Investing Activities | 3.26M | 1.91M | 15.00K |
| Investing Cash Flow | -12.70M | -9.60M | -11.49M |
| Long-Term Debt Issued | 824.00K | 17.30M | |
| Long-Term Debt Repaid | -44.56M | -4.52M | |
| Lease Payments | -2.99M | -3.56M | -3.52M |
| Net Debt Issued (Repaid) | -34.70M | -43.73M | 12.79M |
| Issuance of Common Stock | 147.17M | 282.18M | |
| Repurchase of Common Stock | -7.07M | -29.49M | |
| Other Financing Activities | -12.95M | -12.81M | -1.25M |
| Financing Cash Flow | 92.44M | 196.15M | 11.53M |
| Foreign Exchange Rate Adjustments | 46.00K | -57.00K | 30.00K |
| Miscellaneous Cash Flow Adjustments | -1.00K | -1.00K | -1.00K |
| Net Cash Flow | 51.00K | 129.30M | -39.39M |
| Free Cash Flow | -95.70M | -68.73M | -50.97M |
| Free Cash Flow Margin | -280.08% | -219.36% | -310.12% |
| Free Cash Flow Per Share | -3.16 | -2.25 | -1.67 |
| Levered Free Cash Flow | -51.31M | ||
| Unlevered Free Cash Flow | -50.60M | ||
| Free Cash Flow After Leases | -98.69M | -72.29M | -54.49M |
| Cash Interest Paid | 6.76M | 6.53M | 1.21M |
| Cash Income Tax Paid | 302.00K | 277.00K | 2.00K |
| Change in Working Capital | -22.25M | -21.65M | -3.68M |
Ratios
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Debt / Equity Ratio | 0.16 | 0.16 | 10.77 |
| Net Debt / Equity Ratio | -0.49 | -0.56 | 8.43 |
| Net Debt / EBITDA Ratio | 1.18 | 2.45 | -1.54 |
| Net Debt / FCF Ratio | 0.94 | 1.67 | -1.28 |
| Asset Turnover | 0.17 | ||
| Inventory Turnover | 1.44 | ||
| Quick Ratio | 2.41 | 4.61 | 0.89 |
| Current Ratio | 3.12 | 5.09 | 1.30 |
| Return on Equity (ROE) | -50.92% | ||
| Return on Assets (ROA) | -18.96% | ||
| Return on Capital Employed (ROCE) | -43.50% | -24.90% | -60.10% |
| Buyback Yield / Dilution | 0.10% |