IQM designs, manufactures, and sells superconducting quantum computers for on-premises installation and cloud-based access. The company offers the IQM Spark for research and education and the IQM Radiance for high-performance computing and supercomputing environments. IQM is also developing the IQM Halocene to scale qubit counts and incorporate error correction. The company serves public sector customers, including universities and national laboratories, primarily through public tender processes and government-funded programs. IQM operates a chip fabrication facility in Finland, allowing for vertical integration from chip design through system assembly and deployment. The business model generates revenue through hardware sales, recognized as systems are fabricated and installed, and from usage-based cloud access via its Resonance platform and third-party marketplaces. IQM also provides professional services such as maintenance, training, and technical support. Its strategy focuses on advancing technical performance and expanding its commercial presence beyond its core European market into North America and Asia. By maintaining an open architecture, IQM enables customers to have direct hardware access and data sovereignty. The company relies on multi-phase contracts with milestone payments for its customized system deliveries.