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IQM Quantum Computers
(NASDAQ:IQMX)
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Rating:48Neutral
Price Target:
$9.00
▼(-15.01% Downside)
Action:N/A
Date:10/17/26
The score is held back primarily by persistent large losses and significant cash burn despite rapid revenue growth and improved gross profitability. A strengthened, low-leverage balance sheet provides flexibility, but weak technical signals and limited valuation support (negative P/E, no dividend yield provided) keep the overall rating below average.
Positive Factors
Exceptional Revenue Growth
Revenue growth of approximately 860% demonstrates strong early customer adoption and expanding commercial traction. If this growth converts into a broader recurring customer base, it can improve scale, support greater operating leverage, and strengthen IQM’s position in the emerging quantum-computing market.
Negative Factors
Deep and Persistent Losses
The very negative net margin shows that current costs substantially exceed the revenue base, so rapid sales growth has not yet translated into sustainable profitability. Without improved operating leverage, IQM may need extended funding to convert its commercial momentum into durable earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptional Revenue Growth
Revenue growth of approximately 860% demonstrates strong early customer adoption and expanding commercial traction. If this growth converts into a broader recurring customer base, it can improve scale, support greater operating leverage, and strengthen IQM’s position in the emerging quantum-computing market.
Read all positive factors
IQM Quantum Computers (IQMX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.76B
Dividend YieldN/A
Average Volume (3M)327.27K
Price to Earnings (P/E)―
Beta (1Y)0.36
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees389
SectorGeneral
Sector StrengthN/A
IndustryComputer Hardware
Share Statistics
EPS (TTM)-2.82
Shares Outstanding189,496,220
10 Day Avg. Volume281,344
30 Day Avg. Volume327,268
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)1.75
Price to Sales (P/S)11.50
P/FCF Ratio-5.24
Enterprise Value/Market Cap0.13
Enterprise Value/Revenue18.27
Enterprise Value/Gross Profit41.76
Enterprise Value/Ebitda-3.38
Forecast
1Y Price Target
$14.33Price Target Upside35.35% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-1.51
Revenue Forecast (FY)$51.23M
IQM Quantum Computers Business Overview & Revenue Model
Company Description
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....
IQM Quantum Computers Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
63
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 12.90M | 31.33M | 16.44M |
| Gross Profit | 5.64M | 14.98M | 5.08M |
| EBITDA | -69.71M | -39.76M | -41.03M |
| Net Income | -85.78M | -54.39M | -54.10M |
Balance Sheet | |||
| Total Assets | 289.73M | 265.61M | 107.70M |
| Cash, Cash Equivalents and Short-Term Investments | 135.76M | 147.42M | 18.10M |
| Total Debt | 32.68M | 24.84M | 68.89M |
| Total Liabilities | 81.42M | 59.71M | 99.96M |
| Stockholders Equity | 208.32M | 205.90M | 7.73M |
Cash Flow | |||
| Free Cash Flow | -57.16M | -68.73M | -50.97M |
| Operating Cash Flow | -50.00M | -57.20M | -39.47M |
| Investing Cash Flow | -8.79M | -9.60M | -11.49M |
| Financing Cash Flow | 33.75M | 196.15M | 11.53M |
IQM Quantum Computers Technical Analysis
Negative
10.59
Price Trends
10.14
Negative
10.57
Negative
10.60
Negative
Market Momentum
-0.25
Positive
39.83
Neutral
16.24
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IQMX, the sentiment is Negative. The current price of 10.59 is above the 20-day moving average (MA) of 10.06, above the 50-day MA of 10.14, and below the 200-day MA of 10.60, indicating a bearish trend. The MACD of -0.25 indicates Positive momentum. The RSI at 39.83 is Neutral, neither overbought nor oversold. The STOCH value of 16.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IQMX.
IQM Quantum Computers Risk Analysis
IQM Quantum Computers disclosed 109 risk factors in its most recent earnings report. IQM Quantum Computers reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
IQM Quantum Computers Peers Comparison
UnderperformOutperform
Sector (55)
IQMX
IQM Quantum Computers
8.90
-1.53
-14.67%
FACT
FACT II Acquisition Corp. Class A
10.76
0.44
4.26%
JACS
Jackson Acquisition Co. II Class A
10.83
0.41
3.93%
VNME
Vendome Acquisition Corporation I Class A
10.32
0.33
3.36%
SOCA
Solarius Capital Acquisition Corp. Class A
10.41
0.39
3.89%
IQM Quantum Computers Corporate Events
IQM Quantum Computers Reschedules Release of January–September 2026 Interim Report
Oct 5, 2026
On October 5, 2026, IQM Quantum Computers announced via a stock exchange release that it has rescheduled the publication of its interim report for January–September 2026. The company will now release the figures on Thursday, November 5, 2026...
IQM Quantum Computers Launches New Long-Term Share Incentive Plans
Oct 2, 2026
On September 30, 2026, IQM Quantum Computers’ board approved new share-based long-term incentive plans designed to align employee and shareholder interests and support retention across the organization. The Performance Share Plan 2026–...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.