IQM’s Nasdaq Debut Could Change the Quantum Race for D-Wave IQM Quantum Computers (NASDAQ:IQMX) reported its first results as a public company, outlining a growing order backlog, a second-half-weighted revenue outlook and continued investment in superconducting quantum systems…
r high-performance computing environments. The company began trading on the Nasdaq Global Select Market on July 2 and subsequently listed on Nasdaq Helsinki
Chief Executive Officer Jan Goetz said the public-market transaction, announced in February and completed in July, strengthened IQM’s financial position and global visibility. “Our first earnings call and the underlying transaction of going public has been an important milestone for IQM,” Goetz said. The company also added three independent directors: Barbara Venneman, Juho Sarvikas and Jeff Tuder. Backlog exceeds €102 million after quarter-end Chief Financial Officer Jan Kürschner said IQM entered 2026 with an order backlog of €67.3 million.
During the first six months, the company recorded €10.6 million in order intake and recognized €8.9 million in revenue, ending June with a €69.1 million backlog. Since the end of the second quarter, backlog increased by another €33 million to more than €102 million. Kürschner said the company’s project-based business can create substantial quarterly variation in order intake and revenue recognition because customer approval processes, site acceptance and installation schedules vary by contract.