profit from every £100 of sales.

IQE
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
It has no yearly profit to compare the price with.
of earnings would pay off all its debt.
Money in, money out
What IQE sold, what it kept, and what it did with the cash.
Sales went from £167 million in 2022 to £97.3 million in 2025, with -£36.7 million of profit last year.
IQE vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from £100 of sales | Sales growth a year | Price per £1 of profit |
|---|---|---|---|
IQE | No profit yet | ||
ASML | 54.1× · Expensive | ||
Applied Materials | 42.0× · Expensive | ||
Lam Research | 38.1× · Expensive | ||
KLA | 40.8× · Expensive |
AI analysis
An AI analyst reads IQE's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of GBP | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 167 | 115 | 118 | 97 | |
| 26 | 2 | 4 | 1 | |
| -5 | -30 | -26 | -26 | |
| -47 | -1 | -6 | -6 | |
| -75 | -29 | -38 | -37 | |
| -0.09 | -0.03 | -0.04 | – | |
| 15.8% | 2.0% | 3.8% | 1.4% | |
| -2.9% | -26.2% | -21.6% | -27.1% | |
| -44.5% | -25.5% | -32.3% | -37.7% |
Balance sheet
| In millions of GBP | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 296 | 274 | 247 | 213 |
| Cash | 12 | 6 | 5 | 16 |
| Total debt | 78 | 54 | 74 | 92 |
| Total liabilities | 121 | 104 | 113 | 124 |
| 175 | 170 | 134 | 90 | |
| 813 | 907 | 979 | – | |
| -21.7% | -8.6% | -11.9% | -12.3% | |
| -42.6% | -17.3% | -28.5% | -40.9% |
Cash flow
| In millions of GBP | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 6 | 6 | -3 | 4 | |
| 18 | 18 | 15 | 8 | |
| -12 | -12 | -18 | -5 | |
| Dividends paid | – | – | – | – |
| – | – | – | – | |
| 0 | 3 | 3 | 4 |
Valuation
- –
- –
- –
- 6.4×
- 4.3×
- –
- –
- -1.1%
- -8.9%
- –
Profitability
- 1.4%
- -27.1%
- -37.7%
- –
- -12.3%
- -13.6%
- –
- –
- –
- –
Growth
- −16.6%
- –
- –
- –
- +6.7%
Financial health
- –
- 1.02
- –
- -4.1×
- 0.76
- –
- –
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Questions about IQE
Is IQE a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the IQE AI analysis
What does IQE do?
IQE plc, together with its subsidiaries, develops, manufactures, and sells advanced semiconductor materials. It operates through three segments: Wireless, Photonics, and CMOS++. It is in Semiconductor Equipment & Materials, based in Cardiff, United Kingdom, with 460 employees.
Is IQE stock halal?
Yes. IQE passes our halal screen: its business is permitted and its debt is 22% of its market value, under the 30% limit. How we check
How has IQE stock done over the past year?
Up 511.0% over the past twelve months, to £0.31. It traded between £0.05 and £0.63 and is 50.6% below its high.
Who are IQE's competitors?
The largest listed companies in the same industry are ASML, Applied Materials, Lam Research and KLA. The peers table on this page compares their profit, growth and price with IQE's.
Prices: daily closes to Nov 9, 2026. Fundamentals: company reports via invest-like data.



