1Semana·

IQM and Deutsche Bahn are collaborating

A hybrid quantum-classical algorithm, run entirely on IQM hardware, generated feasible schedules for Deutsche Bahn using a real-world operational dataset of 190 trips through five German cities.

This approach runs on today’s hardware and is designed to automatically improve as quantum processors scale. It offers companies a model for generating value today—even before the advent of fault-tolerant computing.

The collaboration reflects IQM’s push toward enterprise applications. The company has sold 24 quantum computers worldwide and has been listed on the Nasdaq Global Select Market and Nasdaq Helsinki under the ticker symbol IQMX since July 2026.

$IQMX (+2,57%) **MUNICH--(BUSINESS WIRE)**--

IQM Quantum Computers (Nasdaq: IQMX), a global leader in superconducting full-stack quantum computers, today released the results of a research collaboration with Deutsche Bahn, Europe’s largest rail operator. The study examines how quantum computing can improve schedule planning in rail transportation.

This press release contains multimedia. The full release can be found here: https://www.businesswire.com/news/home/20260719172592/en/

IQM’s white paper on hybrid quantum optimization for rail timetable planning, developed in collaboration with Deutsche Bahn.

Using a real-world operational dataset from Deutsche Bahn—a timetable comprising 190 trips through five German cities, which translates to approximately 98,500 possible cycles—the two organizations developed and tested a hybrid quantum-classical algorithm designed for enterprise-scale optimization problems.

As detailed in a white paper published here, the IQM team applied the Quantum Approximate Optimization Algorithm (QAOA) in manageable phases. In this process, the quantum component solved smaller subproblems within a classical framework that manages the entire problem in its entirety. The architecture is designed for generalization: The same approach can be applied to comparable optimization challenges in logistics, energy, manufacturing, and other sectors.

### Three findings stand out:

* **It works on current hardware.** The approach delivered feasible, high-quality solutions without requiring hardware that does not yet exist. Companies can adopt this model right now, rather than waiting for fault-tolerant systems.

* **It improves automatically as hardware advances.** Tests showed a statistically significant correlation between the size of the subproblem that the quantum component could handle and the quality of the solution. As quantum processors scale, the same framework is expected to deliver better results without requiring redesign.

* **It ran end-to-end on IQM hardware.** The entire pipeline was executed on an IQM quantum computer, from problem formulation to a usable result. This creates a foundation on which companies and partners can build.

> “This collaboration demonstrates that quantum computing is already capable of tackling the kind of large-scale, real-world optimization problems that companies face every day,” said Dr. Inés de Vega, Chief Scientist at IQM Quantum Computers. “Working with Deutsche Bahn on a problem of this complexity gives us a clear blueprint for how quantum computing delivers value today while naturally scaling as hardware improves.”

> “Quantum computing isn’t going away. By tackling a real-world problem in a hybrid HPC and quantum computing environment, we’ve taken another step closer to achieving the quantum advantage,” said Manfred Rieck, Head of Quantum Technology at Deutsche Bahn.

This collaboration focused on planning under known, stable conditions. Many companies face a more fast-paced version of the same challenge: responding to disruptions in real time, within timeframes of minutes rather than hours. The researchers note that the same hybrid architecture could, in principle, be adapted to this more time-sensitive class of problems as quantum hardware improves, which would extend the approach further toward operational decision-making.

The collaboration reflects IQM’s focus on enabling enterprise use of quantum computers through systems that customers can own, operate, and build upon.

### About IQM Quantum Computers

IQM Quantum Computers (Nasdaq: IQMX) is a global leader in superconducting quantum computers, providing full-stack quantum systems and access to cloud platforms to enterprises, research institutions, universities, high-performance computing centers, and national laboratories worldwide. IQM’s on-premises deployment model gives customers direct ownership and control over their quantum infrastructure. Founded in 2018, the company is headquartered in Finland with key offices in Munich, employs over 400 people, and operates in Europe, Asia, and North America. IQM is the first publicly traded European quantum company on the Nasdaq Stock Market.

### About Deutsche Bahn

Deutsche Bahn AG is one of the world’s largest transportation and logistics companies, headquartered in Berlin. With approximately 230,000 employees and operations in more than 130 countries, DB is Germany’s leading rail operator for passenger and freight transport. Its technology subsidiary, DB Systel GmbH, is responsible for the Group’s digital and IT infrastructure, including the operational decision-support systems used throughout the network.

**View source version on businesswire.com:** https://www.businesswire.com/news/home/20260719172592/en/

**IQM Press Contact:** Email: press@iqm.tech

**Source:** IQM Quantum Computers

**Copyright:** Business Wire 2026

Raketentoni

@Raketentoni

2Semana·

Company Profile: IQM Quantum Computers Oyj ($RAAQ / $IQMX)

Europe’s High-Tech Response to the American Quantum Boom 🇪🇺⚡

First off, a big thank you goes out to my buddy @Multibagger .

He recently brought this hot topic to our attention. A promise is a promise, buddy—here’s the no-holds-barred in-depth analysis of Scandinavia’s quantum hope!

$IQMX (+2,57%)
$RAAQ (-0,74%)

1. What the Company Does & Its History

IQM Quantum Computers was founded in 2018/2019 as a spin-off of Aalto University and the Finnish government-funded research center VTT in Espoo. While U.S. heavyweights like IBM and Google primarily work on universal supercomputers, IQM focuses on so-called “application-specific” quantum computers. They connect superconducting qubits directly to custom-built software to solve complex industrial problems (e.g., materials science, chemistry, logistics) more efficiently.

Through its recent merger with the special purpose acquisition company Real Asset Acquisition Corp , the company has become investable for us via a sponsored ADR in the U.S. ($RAAQ) and, in parallel, through a dual listing on its home exchange in Helsinki ($IQMX). This makes IQM the first true European quantum pure play on the stock market.

Addition by @Multibagger (Thanks for that)

I’d like to add one or two more points.

Very important point 1.

The systems are self-contained and completely independent of any remote cloud controlled by third parties.

This is where IQM’s business model comes into play. The company delivers the closed hardware systems directly to its customers’ basements. These so-called on-premises systems operate completely autonomously. There is no connection to a

third-party cloud. A data outflow overseas is physically impossible. This model effectively guarantees IQM a politically protected monopoly in Europe for security-critical tenders.

Foreign competitors are kept out for data protection reasons. 2.) They have cash reserves of €337 million. 3.) They are not resting on their laurels in Europe. Oak Ridge National Laboratory, the U.S. Department of Energy’s largest research laboratory, has ordered a system from the Munich-based company. CEO Goetz aims to have half of the company’s revenue come from Europe and half from the U.S. within five years

. I find the stock extremely exciting from a 3- to 5-year perspective.

2. Key Figures / Data / Facts (as of July 2026)

Current Price (ADR): €10.88 (Primary Ticker: RAAQ)
52-week range: €8.22 to €13.18
Opening Price: €8.785
EBITDA (TTM): $-569,540 (deep in the red, typical for the early hardware phase)
Free Cash Flow (TTM): $-224,510 (Strongly negative from operations)
Dividend Yield: 0.00%

3. Check against our established formulas

Core Quality Formula: Current revenue growth, combined with the lack of operating margins, results in a strongly negative score here. It falls far short of the magic threshold of >25.

Cash Flow Quality Formula: Free cash flow stands at approximately -$224,500. Since a quantum computer requires massive CapEx (clean rooms, extreme helium cooling near absolute zero), no positive FCF yield will be generated here for the foreseeable future.

Dividend Filter: Zero dividend payout. The focus is 100% on reinvesting research funds.

Exclusion Rule:
Serious violation! Actually, our ironclad rule is: Do not buy story-driven stocks without a clear path to profitability. IQM is the absolute prime example of a pure bet on the future. The fact that we’re invested here breaks the system—but makes the whole thing exciting as an isolated bet for the risky side of the portfolio.

4. Insights into Future Prospects and Competition

The competition never sleeps: Tech giants (Google, IBM) and U.S. startups (IonQ, Rigetti) have significantly deeper pockets. IQM’s biggest trump card, however, is Europe’s geopolitical and technological sovereignty.

European governments and data centers do not want to route their sensitive data through U.S. or Chinese infrastructure.

This aligns with the breaking news: Just a few days ago, IQM received the official order from the Finnish IT Center for Science (CSC) to integrate a new 50+ qubit system ("IQM Halocene H4") into the European LUMI supercomputer infrastructure by 2027. A massive operational milestone!

https://de.investing.com/news/assorted/iqm-sichert-sich-auftrag-zur-lieferung-eines-quantencomputers-an-die-finnische-lumi-ai-factory-432SI-3553008

5. Analysis of the charts from the past few months

Contrary to the initial visual setback following the IPO, the long-term trend on the getquin chart (Max setting)—which we’ve $RAAQ (-0,74%) taken, absolutely positive. After opening at €8.78, the stock hit a low of €8.22 and has since fought its way up in a steady upward trend to €10.88.

This represents a gain of 23.86% since the IPO. The all-time high of €13.18 is the next technical target once the momentum from the recent news out of Finland takes full effect. $IQMX (+2,57%)
$RAAQ (-0,74%)

6. Specific Entry Zones (The Bargain Hunter’s List)

Since the stock remains highly volatile, we’re lying in wait for potential follow-on purchases or initial positions:

Limit 1 (Quick Foot in the Door): €10.20 – To capture smaller profit-taking moves following the news.
Limit 2 (The Value Safety Net): €8.80 – A test of the historical opening level.
Limit 3 (Knockout Pickup): €8.25 – Right at the all-time low, in case the overall market corrects sharply.

7. Detailed Report: Outlook, Alternative Stocks & Margins

Future Viability: Anyone buying IQM today is buying into a venture capital project. Long-term survival depends on whether the company can maintain its technological edge in application-specific systems until commercial adoption by the industry generates substantial revenue.

Profitability Outlook: The traditional hardware business (selling quantum computers to universities) has low gross margins. The real potential lies in the “Quantum as a Service” (QaaS) sector—cloud access to the computers. This sector offers the prospect of high-margin software revenue in the long term.

Possible Alternatives: Investors looking to diversify risk should consider established supercomputing and AI service providers such as Super Micro Computer or the major hyperscalers (Alphabet/Google), which treat quantum computing as a nice side bet within their multi-billion-dollar balance sheets.

8. Management and Analyst Opinions

The CEO’s vision (Dr. Jan Goetz):

Dr. Jan Goetz, the co-founder and sole CEO since early 2026, is extremely clear about the company’s strategy. He recently explained that IQM was founded from the very beginning for a single purpose: to put working quantum computers into the hands of people who want to use them to solve real-world problems. His motto, in essence, is: “Not someday. Now.” According to Goetz, quantum computing is no longer purely a scientific project but a real industry in which customers own, operate, and build upon advanced quantum computers.

What the Market and Analysts Are Saying (Market Sentiment):

The market views the IPO through the special purpose acquisition company Real Asset Acquisition Corp (RAAQ) with a mix of fascination and justified caution. Observers point out that this so-called SPAC route to the stock market carries certain precedent risks, as SPAC listings are often more volatile and investors have historically suffered losses following a wave of underperformance.

On the other hand, analysts and investors appreciate the hard, operational facts that distinguish IQM from mere cloud-based pipe dreams:

Proof of Concept: The company is considered an industry leader and has already sold 23 quantum computers, 18 of which have been delivered—this is the largest publicly known number among select quantum companies.

Solid Revenue: For the year 2025, IQM reported audited revenue of 31 million euros (or 36 million U.S. dollars).

Financial Strength: As early as March 2026, even before its initial public offering, IQM secured massive financing of 50 million euros from BlackRock. Upon completion of the merger, IQM’s liquidity position is expected to exceed 450 million U.S. dollars thanks to trust funds and additional financing.

Vertical Integration: A major plus for analysts is the business model. IQM controls the entire value chain. It has a vertically integrated model that ranges from its own chip design tools and software platforms to its own quantum chip factory and assembly line. This enables extremely fast innovation cycles.

Side Note: What Does Quantum Computing Achieve, and Why Is European Autonomy So Important?

The technical mechanism in a nutshell:

Classical computers operate with bits that have a state of either 0 or 1. Quantum computers, on the other hand, use so-called “qubits” (IQM relies on superconducting quantum circuits here). Due to quantum mechanical effects such as superposition and entanglement, these qubits can assume an extremely large number of states simultaneously. Put simply: While a classical computer must calculate complex possibilities one after another, a quantum computer explores the entire solution space all at once. As a result, problems in drug development, materials research, logistics, or cryptography—which would take today’s high-performance computers millennia to solve—could be solved in minutes in the future.

Why Europe Needs Its Own Player (Technological Sovereignty):

This is about nothing less than the digital master key of the future. If Europe doesn’t get involved here, we’ll make our entire high-tech research, our military, and our cybersecurity completely dependent on U.S. giants or Asian providers. IQM addresses precisely this sore spot: They build on-premises systems (i.e., computers located directly at the customer’s site), allowing buyers to retain direct control and ownership of their quantum infrastructure. In a world where data protection, IP security (intellectual property), and geopolitical independence are vital to survival, a European frontrunner like IQM is an absolute prerequisite for avoiding being reduced to a mere follower on the global tech stage.

Conclusion on who this stock is for:

Not for the faint of heart and absolutely unsuitable for a defensive dividend portfolio. As a small, highly speculative addition—as is already the case on my “Risk Side B”—IQM $IQMX (+2,57%)
$RAAQ (-0,74%) is the perfect vehicle for strategically betting on the European deep-tech turnaround.

@Get_Rich_or_Die_Tryin

And, of course, everyone else :)

9 Comentários

Chris@Multibagger

1Semana

It's great that we're here! The lights are green.😂

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Raketentoni@Raketentoni

1Semana

@Multibagger It's just one of those stocks where I don't expect to see any real movement until 2027 or 2028; until then, I'll keep picking up a few shares here and there for under €9.50.

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Chris@Multibagger

1Semana

@Raketentoni I got in way 😂 below that.

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Raketentoni@Raketentoni

1Semana

@Multibagger I did say under 9.50, after all :) So it could also be 8 € :P

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Chris@Multibagger

1Semana

@Raketentoni I also bought into one of your favorite stocks: $BRAV. Only with $NESTE has the rally been moving along without me and without any brakes so far.😉😎

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Keineui@Keineui

Hey @Raketentoni. As part of your research, did you also look into the following stocks, or did you come across them: $INFQ $CHAC $QNT?
I just came across all three while reading a report on real estate related to quantum computing.

$INFQ I find the chart interesting. It looks like it’s very volatile, but there seems to be a floor at €8. They look very interesting and, similar to $IONQ, aim to be a full-stack quantum company. They’re already deployed at NASA and in various government agencies. Most recently, there’s also Allanz with $NVDA:
https://www.boerse-express.com/news/articles/infleqtion-aktie-nvidia-allianz-mit-nvqlink-technologie-931034

I don’t currently find$CHAC, with its photonic quantum computers, all that interesting. The stock price took a significant hit after the IPO due to a refiling, but it seems to have found a bottom here as well. New figures are due on August 5. It’ll be worth keeping an eye on what happens there.
$QNT appears to have the backing of $SOBKY and $HON. Most recently, there was a partnership with $RR.
https://de.marketscreener.com/boerse-nachrichten/quantinuum-inc-rolls-royce-riverlane-and-epcc-the-uk-national-supercomputing-centre-university-ce7f5edcde88fe2d

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Raketentoni@Raketentoni

@Keineui I'll check that out later

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Raketentoni@Raketentoni

@Keineui
**Hey, Keineui! 🚀**

Glad to see you’re diving into the quantum sector!
This topic is hotter right now than any AI chip.
Since you specifically asked about it, I ran your statements and the three tickers through our engine room and subjected them to a ruthless fact-check.

Here are the results for your candidates and a direct comparison with our well-known European player **IQM Quantum Computers $IQMX:

### 1. Infleqtion Inc. ($INFQ)

* **Your statement:** The chart looks volatile, but it’s bottomed out at €8; full stack; alliances with NASA and NVDA.

* **The fact check:**
You’ve taken a damn good look at the chart! The stock’s 52-week low is $8.52, which corresponds almost exactly to your estimated bottom in the €8 range. The Nvidia alliance you mentioned is correct and a strong PR draw in the industry. The company is currently trading in the range of $9.77 to $10.24 on the NYSE and has a market capitalization of around $2.1 billion.

* **By comparison:**
In terms of sheer ambition, this is a direct competitor to $IQMX. Both companies aim to cover the entire quantum ecosystem.

### 2. Xanadu Quantum Technologies / formerly Crane Harbor Acquisition Corp ($CHAC)

* **Your statement:**
Photonic quantum computers; stock price plummeted after the IPO due to a refiling; new figures on August 5.

* **Fact Check (Note!):**
I have to jump right in here and make an important correction. $CHAC was not a traditional company that conducted a regular IPO, but rather a pure SPAC shell (Crane Harbor Acquisition Corp). The merger with photonics specialist Xanadu Quantum Technologies has since been completed, and the company will now trade under the new ticker **$XNDU**.

* **By comparison:**
It’s a classic Wall Street scenario for the stock price of such SPAC structures to plummet in an extremely volatile manner after the deal closes. The shell’s most recent EBITDA stood at a painful -28.08 million USD. Photonics is a high-risk technical approach that competes directly with IQM’s superconducting systems.

### 3. Quantinuum Inc. ($QNT)

* **Your statement:**
Backed by Honeywell (HON) and SoftBank; partnership with Rolls-Royce.

* **The Fact Check:**
Absolutely correct, and the undisputed giant on this list! With a market capitalization of a staggering $14.92 billion, Quantinuum is the proverbial 800-pound gorilla in the quantum sector. Honeywell’s deep industrial connections give the company a level of financial and structural stability that other startups can only dream of.

* **By comparison:**
$QNT operates in a completely different weight class than $INFQ or $IQMX. While $IQMX is a focused pure player with a market cap of approximately $2.48 billion, Quantinuum benefits massively from its parent company’s resources. But be careful: Even for this giant, earnings expectations are deep in the red (estimated EPS is -$0.26 per share).

---

### RaketenToni’s Conclusion

Your research is spot on, and you’ve got the companies’ strategic alliances perfectly on your radar! When we compare your three candidates to $IQMX, it becomes clear just how wild and fragmented this market currently is:

1. **The technology bet:** $IQMX is betting on superconductors, while Xanadu ($CHAC/$XNDU) is betting on photonics. It’s still completely up in the air which physical approach will ultimately prevail for mass production.

2. **Company Sizes:** Everything is represented, from Quantinuum—valued at nearly $15 billion—to Xanadu’s newly merged SPAC. $IQMX and $INFQ are on par with each other, trading in the $2.1 to $2.5 billion range.

Just be sure to keep an eye out for the ticker symbol change ($CHAC to $XNDU) in your photonics plays. Good luck hunting for the perfect entry point!

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Keineui@Keineui

@Raketentoni Great, thanks. I probably won't invest in any of the three mentioned. $INFQ is the one that appeals to me the most. But I'm not really in the mood for any more speculation in my portfolio right now, especially since even good numbers like those at $NOW aren't drawing me in. More cash is the name of the game right now.

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