IQM designs, manufactures, and sells superconducting quantum computers. IQM offers full-stack systems, including proprietary processors, electronics, and software. IQM primarily serves public-sector customers like national laboratories, universities, and supercomputing centers that require on-premises hardware for data sovereignty and security. The hardware lineup includes IQM Spark for education, the flagship IQM Radiance platform for supercomputing environments, and IQM Halocene, which targets quantum error correction. IQM also provides cloud access through its proprietary IQM Resonance platform and third-party marketplaces like AWS Braket. The business model centers on large-scale hardware sales and installations; IQM typically recognizes revenue over long contract cycles as it customizes and delivers systems. To support these systems, IQM provides maintenance, training, and professional services. A key differentiator for IQM is its vertical integration; IQM operates its own fabrication facility and utilizes a modular, open architecture that allows customers to access the full system stack. IQM is currently in an R&D-heavy growth phase, focusing its strategy on advancing qubit fidelity, scaling hardware capacity, and expanding its global customer base through direct sales. IQM also pursues growth through acquisitions, such as its purchase of the simulation software developer Quantistry.