Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
IQM Quantum Computers OyjIQMX -1.21%11 Net-Net Working Capital is $0.59 as of Dec. 2025. GuruFocus rates IQMX with a GF Score™ of 11/100. Among 1,190 Hardware companies, IQM Quantum Computers Oyj ranks worse than 66.81% on this metric.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
IQM Quantum Computers Oyj's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $0.59.
The industry rank for IQM Quantum Computers Oyj's Net-Net Working Capital or its related term are showing as below:
IQMX's Price-to-Net-Net-Working-Capital is ranked worse than 66.81% of 1190
companies
in the Hardware industry
Industry Median: 9.385
vs IQMX: 17.54
IQM Quantum Computers Oyj (NAS:IQMX) Net-Net Working Capital Explanation
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
IQM Quantum Computers Oyj Net-Net Working Capital Related Terms
IQM Quantum Computers Oyj Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for IQM Quantum Computers Oyj's Net-Net Working Capital can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
IQM Quantum Computers Oyj Net-Net Working Capital Chart
IQM Quantum Computers Oyj Annual Data
Trend
Dec24
Dec25
Net-Net Working Capital
-0.38
0.59
IQM Quantum Computers Oyj Semi-Annual Data
Dec24
Dec25
Net-Net Working Capital
-0.38
0.59
IQMX vs MSFT, ORCL, PLTR: Net-Net Working Capital Comparison
For the Computer Hardware subindustry, IQM Quantum Computers Oyj's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
IQM Quantum Computers Oyj Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, IQM Quantum Computers Oyj's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where IQM Quantum Computers Oyj's Price-to-Net-Net-Working-Capital falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of $0.59 mean?
IQM Quantum Computers Oyj (IQMX) has a Net-Net Working Capital of $0.59 as of Dec. 2025. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on IQM Quantum Computers Oyj According to the industry distribution chart, IQM Quantum Computers Oyj ranks #795 out of 1190 companies in the Hardware industry, placing it in the top 66.8%.
Is IQM Quantum Computers Oyj's Net-Net Working Capital too high?
IQM Quantum Computers Oyj's current Net-Net Working Capital is $0.59. The Hardware industry median Net-Net Working Capital is 9.39. IQM Quantum Computers Oyj's value of $0.59 is 93.7% below this industry median. Based on the distribution chart, IQM Quantum Computers Oyj ranks #795 out of 1190 companies in the Hardware industry, which is below the industry midpoint. Overall, IQM Quantum Computers Oyj has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does IQM Quantum Computers Oyj's Net-Net Working Capital compare to MSFT and ORCL?
According to the Hardware industry distribution chart, IQM Quantum Computers Oyj ranks #795 out of 1190 companies for Net-Net Working Capital. This places IQM Quantum Computers Oyj in the lower half of its industry. The industry median Net-Net Working Capital is 9.39. IQM Quantum Computers Oyj's value of $0.59 is 93.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Hardware company?
The median Net-Net Working Capital among Hardware companies is 9.39, based on 1,190 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IQM Quantum Computers Oyj's current Net-Net Working Capital of $0.59 is 93.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on IQM Quantum Computers Oyj For the Hardware industry, the median Net-Net Working Capital is 9.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IQM Quantum Computers Oyj's current Net-Net Working Capital is $0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IQM Quantum Computers Oyj stock overvalued right now?
IQM Quantum Computers Oyj (IQMX) has a current Net-Net Working Capital of $0.59. The current Net-Net Working Capital is $0.59 and 93.7% below the Hardware industry median of 9.39. IQM Quantum Computers Oyj's overall GF Score™ is 11/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For IQM Quantum Computers Oyj (IQMX), the current Net-Net Working Capital is $0.59 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
IQM Finland Oy is engaged in the development and commercialization of superconducting quantum computers and related services. It provides on-premises full-stack quantum computing systems and cloud-based access platforms for quantum computing applications. Its customers include high-performance computing centers, research laboratories, universities, and enterprise clients that use quantum computing hardware and software systems.
11GF Score
Get the complete analysis for IQMX
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
IQMX has been successfully added to your 
