IQM Quantum Computers has cleared a critical hurdle toward becoming a publicly listed company, with the U.S. Securities and Exchange Commission declaring effective its registration statement for a business combination with Real Asset Acquisition Corp. on June 5. The Finnish company reports having sold 23 quantum computers, with 18 already deployed, a larger number publicly disclosed than that of competitors including IBM, D-Wave, and IonQ. IQM’s audited revenue reached EUR 31 million (USD 36 million) in the last fiscal year, demonstrating business activity in the developing quantum computing field. An extraordinary general meeting for RAAQ shareholders is scheduled for June 25, which could allow IQM to trade on the Nasdaq Global Exchange under the ticker symbol “IQMX” shortly thereafter.
IQM Quantum Computers has achieved a significant regulatory milestone with U.S. approval, potentially allowing the company to become publicly listed on Nasdaq and accelerate investment in the rapidly developing field of quantum computing. This deployment capacity is supported by IQM’s vertically integrated business model, encompassing chip design, fabrication, and data center operations, to expedite innovation and deliver quantum computing solutions.
IQM’s Vertical Integration and Reported EUR 31 Million Revenue
IQM Quantum Computers distinguishes itself within the developing quantum hardware sector through a deliberate strategy of vertical integration, controlling multiple stages of production from initial chip design to final data center deployment. This approach, centered around facilities in Finland and Munich, allows for accelerated innovation and potentially faster delivery of quantum computing solutions to clients; the company maintains proprietary infrastructure encompassing chip design tools, a software developer platform, a quantum chip fabrication facility, an assembly line, and dedicated data centers. This level of control is uncommon among competitors, allowing IQM to refine its processes and respond to customer needs with greater agility. The EUR 31 million revenue figure suggests growing market confidence in IQM’s technology and a lead in translating research into functional hardware.
IQM is an industrial leader with 23 quantum computers sold, 18 of which have been delivered (largest number publicly disclosed by selected quantum companies1) to customer premises and reported (audited) revenue of EUR 31 million (USD 36 million2) in 2025.
IQM
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