# IQM Quantum Computers Oyj American (IQMX) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Technology Hardware, Storage & Peripherals. Price $10.80, market value $2.0 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). IQM Quantum Computers Oyj American reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 65.3×**. Each dollar of revenue is priced at 65.3×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 8.1×**. The shares trade at 8.1× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -3.4%**. Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 47.8%**. IQM Quantum Computers Oyj American keeps 47.8% of revenue after the direct cost of what it sells.
- **Operating margin: -179.7%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -173.6%**. The company reported a net loss over the last twelve months.
- **Return on equity: -26.4%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -67.6%**. Return on all capital, debt included, is -67.6%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -20.5%**. Each dollar of assets produces -20.5% of profit.

## Growth
- **Revenue growth (1 yr): 90.6%**. Revenue grew 90.6% over the last year.

## Financial health
- **Debt to equity: 0.12**. Debt is 0.12 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 3.1×**. It would take 3.1 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: -49.8×**. Operating profit covers interest only -49.8×: fragile.
- **Current ratio: 5.09** (quick 4.74). Current assets cover the next year's liabilities 5.09 times.
- **Altman Z-score: 21.78**. A Z-score of 21.78 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. IQM Quantum Computers Oyj American does not currently pay a dividend, but it returned -12.3% of its market value through buybacks over the last year.

## Analyst view
- **Analyst consensus: buy** (2 analysts). 2 analysts cover IQM Quantum Computers Oyj American; the consensus is buy, with an average price target of $13.03 (+21% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 6.7%** (YTD 5.7%, 3-mo -2.8%). The shares are up 6.7% over twelve months including dividends.
- **From 52-week high: -28.5%** (20.0% above the low). Trading 28% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 54**. An RSI of 54 is neutral.
- **Beta (1 yr): 0.52** (volatility 44%). Beta of 0.52 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=IQMX · Page: https://foliofundamentals.com/stocks/iqmx

Not investment advice.