# IQM Quantum Computers Oyj (IQMX) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Technology / Computers & Hardware. Price $8.48, market value $1.6 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). IQM Quantum Computers Oyj 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: 51.3×**. Each dollar of revenue is priced at 51.3×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 6.6×**. The shares trade at 6.6× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -4.3%**. 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 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: 17.36**. A Z-score of 17.36 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 does not currently pay a dividend, but it returned -15.7% of its market value through buybacks over the last year.

## Analyst view
- **Analyst consensus: hold** (1 analyst). 1 analysts cover IQM Quantum Computers Oyj; the consensus is hold, with an average price target of $10.42 (+23% 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): -20.1%** (YTD -18.5%, 3-mo -16.7%). The shares are down 20.1% over twelve months including dividends.
- **From 52-week high: -43.8%** (1.8% above the low). Trading 44% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 33**. An RSI of 33 is neutral.
- **Beta (1 yr): 0.82** (volatility 49%). Beta of 0.82 against the S&P 500: the shares move roughly with the market.

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

Not investment advice.