Adding IQMX to QTI Index

IQM (IQMX) began trading on NASDAQ July 2, 2026, and is now part of QTI.

IQM is a Finnish superconducting quantum computing company.

Some key facts:

• Founded 2018
• Have sold 23 systems
• $36M in 2025 revenues, $100M in bookings

IQM is generally considered to be a European leader in superconducting quantum computing. Selling twenty-three system is a strong result, and demonstrates its ability to manufacture, sell, and support quantum computers. Recently, they sold a system to Oak Ridge National Laboratory in Tennessee.

Revenues are on par with Quantinuum, Rigetti, Infleqtion, and D-Wave.

Fault-Tolerant Roadmap:

• 2027 - 36 Logical Qubits
• 2028 - 180 Logical Qubits
• 2030 - 720 Logical Qubits
• 2032 - 7200 Logical Qubits

While it is not the most impressive roadmap, I, as you might expect if you have been reading my Notes, will assume some acceleration. Perhaps IQM achieves its 2030 target in 2029.

I have added IQMX to the Quantum Technology Index.