Qt Group
Qt Group is a publicly traded Finnish software company that provides a cross-platform C++/QML application framework, development tools (Qt Creator, Qt Design Studio), and quality assurance products for building user interfaces across desktop, mobile, embedded, and microcontroller targets, serving enterprise customers in automotive, aerospace, industrial automation, medical, and consumer electronics verticals.
- Company typePublic
- Founded1991
- HeadquartersEspoo, Finland
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
What Qt Group does
Qt Group Oyj is a publicly traded Finnish software company (Nasdaq Helsinki, ticker QTGPF) headquartered in Espoo, Finland, founded in 1991. The company develops the Qt Framework, a cross-platform C++/QML/Python application framework that enables developers to build user interfaces and applications for desktop, mobile, embedded, and microcontroller targets from a single codebase. The product portfolio spans Qt Framework and Qt for MCUs (the core rendering/UI engines), Qt Creator IDE and Qt Design Studio (development and design environments), a quality assurance suite (Squish GUI testing, Coco code coverage, Test Center, Axivion static analysis and architecture verification), and — following the October 2025 acquisition of I.A.R. Systems Group — the IAR embedded toolchain. The platform is distributed under a dual model: an open-source LGPL/GPL Qt Community Edition that builds the developer ecosystem, and commercial licenses (subscription-based, quote-priced) sold to enterprise customers requiring proprietary-IP control, regulatory compliance, technical support, and longer support cycles.
Qt Group serves over 70 industries across 135+ countries, with named enterprise customers including Mercedes-Benz, BSH, LG, ABB, Harman, Autodesk, and Tableau. Primary verticals are automotive (digital cockpits, infotainment, ADAS displays), aerospace and defense (mission-critical HMIs), industrial automation (SCADA, factory HMI), MedTech (regulated device interfaces), consumer electronics (IoT, wearables), and industrial vehicles. The company generates revenue through commercial software licenses (both subscription and perpetual), professional services (consulting and training), quality assurance tools, and a freemium educational licensing program that has issued 50,000+ licenses to 3,600+ institutions. In 2024, the company reported net sales of €209.1 million; Q4 2025 revenue grew 12.6% year-over-year (6.1% organic), with management guiding to a minimum of 10% revenue growth for 2026.
The company's go-to-market combines direct enterprise field sales, a self-serve account portal for mid-market customers, free download and trial channels for individual developers, and channel partnerships with major semiconductor manufacturers (Qualcomm, Infineon, NVIDIA, GigaDevice) that pre-optimize and co-distribute Qt on their hardware platforms. Recent strategic moves — including the IAR Systems acquisition, four semiconductor partnerships in eight months, and AI-assistant product launches in Qt Creator — point to an explicit repositioning toward Edge AI device development, agentic coding workflows, and safety-critical AI systems.
Qt Group firmographics
Firmographics- Name
- Qt Group
- Legal name
- The Qt Company Oy
- Website
- https://qt.io
- Company type
- Public
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Qt Group is a publicly traded Finnish software company that provides a cross-platform C++/QML application framework, development tools (Qt Creator, Qt Design Studio), and quality assurance products for building user interfaces across desktop, mobile, embedded, and microcontroller targets, serving enterprise customers in automotive, aerospace, industrial automation, medical, and consumer electronics verticals.
- Ownership category
- akta.pro rank
Qt Group industry classification
Industry- Product category
- Cross-platform Application Development Framework
- NAICS
- Software Publishers (5132), Software Publishers (51321), Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151), Computer Systems Design Services (541512)
- SIC
- Services-Computer Programming Services (7371), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Quality Engineering & Test Automation (QE/QA) (BPAEAFAJ)
- akta.pro secondary industries
- Testing, QA & Release/Deployment Enablement (BPAEAAAN), Enterprise Application Testing & QA Services (BPAEAGAI)
Keywords
Where Qt Group is headquartered
LocationHeadquarters
- HQ city
- Espoo
- HQ country
- Finland
- HQ region
- Europe
Offices3 records
Markets served
Qt Group business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D
Revenue model
- Commercial Software Licenses: Qt Group generates revenue primarily through commercial software licenses for Qt Framework, development tools, and quality assurance products. Revenue model includes both perpetual and subscription-based licensing options for enterprise customers.
- Open Source Community: Qt provides Qt Community Edition under LGPL/GPL open source licenses, building ecosystem and driving awareness for potential commercial conversions.
- Professional Services: Qt Group offers professional services including consulting, training, and project services. Plans to shift IAR revenue from perpetual to subscription over three years.
- Educational Licensing: Free educational licenses for students and teachers provide access to commercial Qt features for learning purposes, building future customer pipeline.
- Quality Assurance Tools: Revenue from Squish, Coco, Test Center, and Axivion products for software quality and testing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Annual | Qt Edu for Designers - Free for educational institutions |
| Freemium | Annual | Qt Edu for Developers - Free for educational institutions |
| Subscription | Annual | Commercial Qt |
| Subscription | Annual | Qt for Small Business |
| Subscription | Annual | Qt Support Tiers |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels6 records
Qt Group product offering
Product offeringCore offering
Qt Group sells the Qt cross-platform C++/QML/Python application framework for desktop, mobile, embedded and microcontroller targets, along with developer tools (Qt Creator IDE, Qt Design Studio, Figma-to-Qt bridge), a software quality suite (Squish, Coco, Test Center, Axivion) and the newly acquired IAR embedded toolchain. Offerings are delivered under a dual commercial/open-source licensing model with paid subscription support and professional services for enterprise customers.
Product overview
Qt Group provides a comprehensive software development platform consisting of development frameworks, tools, and quality assurance products. The core offering includes Qt Framework (cross-platform C++/QML/Python libraries), Qt for MCUs (microcontroller UI framework), Qt Creator IDE, Qt Design Studio, and the acquired IAR Platform for embedded toolchains. Quality assurance products include Squish (GUI test automation), Coco (code coverage), Test Center (test management), and Axivion (static code analysis and architecture verification). AI capabilities are embedded through Qt AI Assistant for code generation and ACP Client for agentic development. The platform supports design integration with Figma and Adobe tools, and industrial IoT protocols including MQTT, OPC UA, and CoAP. Qt operates under dual licensing (commercial and open-source LGPL/GPL Qt Community Edition) and serves over 70 industries including automotive, aerospace, medical, and industrial automation.
Differentiator
Problem solved
Functional benefit
Brands
- Qt Creator: Cross-platform integrated development environment (IDE) for C++, JavaScript, Python, and QML
- Qt Design Studio
- Qt for MCUs
- Squish
- Coco
- Test Center
- Axivion
- IAR Platform
Products and services
- Qt Framework Cross-platform software libraries and APIs for building applications with native performance across desktop, mobile, embedded and web platforms using C++, QML and Python. Used by enterprise developers across automotive, industrial automation, medical and consumer electronics.
- Qt for MCUs
Quantifiable outcome
- 75% reduction in development time (e.g., Sauber built with Qt)
- +1 more outcomes
Companies that use Qt Group
Customer profileNamed customers8 records
Segments7 records
Ideal customer profiles6 records
Qt Group technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration15 records
AI capability10 records
Feature9 records
Qt Group partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- GigaDevicecoreStrategic partnership to jointly develop and optimize embedded GUI solutions based on GigaDevice's GD32H7 high-performance MCU series. Collaboration focuses on joint optimization of Qt for MCUs platform, development of reference designs and software frameworks, and ecosystem expansion through technical training and joint marketing. Targets industrial automation, energy storage, smart home, and consumer electronics applications.
- NVIDIAcoreQt Group joined NVIDIA's Halos AI Systems Inspection Lab programme as a partner, supporting efforts to standardise safety practices for AI-driven robotics and autonomous systems. Partnership announced during NVIDIA GTC 2026, positioning Qt within NVIDIA's ecosystem focused on physical AI safety standards.
- QualcommcorePartnership to pre-optimize Qt's cross-platform UI framework for Qualcomm's Dragonwing IQ series processors. Enables developers to quickly prototype Edge AI devices for smart factories. Abstracting away low-level system integration and AI plumbing for voice-activated factory management, predictive maintenance, worker safety monitoring, and defect detection. Continuation of decade-long effort between the two companies.
- Infineon TechnologiescorePartnership to integrate Qt for MCUs framework into Infineon's PSOC Edge microcontroller. Collaboration enables developers to quickly build and deploy AI-enabled consumer devices with rich user interfaces on low-resource hardware.
- IAR Systems GroupcoreQt Group completed recommended public cash offer acquiring 94.49% of I.A.R. Systems Group AB's shares for SEK 180 per share. IAR provides embedded toolchain with optimized compilers. Qt plans to transition IAR revenue from perpetual to subscription over three years. Plans to acquire remaining shares through compulsory redemption and delist IAR from Nasdaq Stockholm.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Qt Group competitors and assessment
Company assessmentDirect peers
- Flutter (Google): Google's open-source UI toolkit for building compiled cross-platform applications from a single codebase across mobile, web, and desktop. Most direct competitive overlap with Qt's cross-platform UI framework for application development.
- React Native (Meta): Meta-supported open-source framework for building native mobile and desktop applications using React. Directly comparable to Qt as a cross-platform UI development framework, though more focused on mobile than embedded.
- Avalonia UI: Open-source cross-platform .NET UI framework supporting desktop, mobile, embedded, and web from a single C#/XAML codebase. Closest comparable to Qt for teams building .NET-based embedded and desktop applications.
- Crank Software: Embedded UI development tool (Storyboard) for creating rich graphical interfaces on resource-constrained hardware. Direct competitor to Qt for MCUs in the embedded HMI segment serving medical, industrial, and consumer devices.
- Altia: Provider of embedded graphics development tools and HMI software for automotive, medical, and industrial customers. Direct competitor to Qt's embedded UI offering with similar vertical focus on regulated, display-rich embedded devices.
Others
- Green Hills Software: Provider of safety-certified real-time operating systems and embedded development tools for automotive, aerospace, and industrial. Comparable embedded toolchain player that pairs with Qt via project exporters and competes for embedded developer mindshare.
- Wind River Systems: Supplier of embedded real-time operating systems (VxWorks) and development tools for aerospace, automotive, industrial, and networking. Adjacent competitor to Qt in the embedded development stack, particularly for safety-critical applications.
- SEGGER Microcontroller: Provider of embedded development tools including compilers, debuggers, RTOS, and GUI libraries (emWin) for microcontrollers. Adjacent to Qt in the embedded/MCU ecosystem, with emWin competing directly against Qt for MCUs.
Broad incumbents
- Microsoft (.NET MAUI / WinUI): Microsoft's cross-platform UI framework (.NET MAUI) and Windows-native UI (WinUI) compete with Qt for desktop and mobile application development. As part of Microsoft's broader developer platform, MAUI offers a free, well-supported alternative primarily for .NET shops.
Emerging players
- Unity Technologies (Industrial / Embedded UI): Unity's real-time 3D engine has expanded into automotive HMI, industrial digital twins, and embedded visualization. Competes with Qt for rich UI / 3D rendering on next-generation automotive and industrial displays.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Qt Group social profiles
Digital presenceQt Group compliance and trust
Trust signalCompliance5 records
Qt Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Qt Group leadership team
Management profileNumber of profiles
Profiles2 records
Qt Group subsidiaries and ownership
Company hierarchySubsidiaries2 records
Qt Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Qt Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Qt Group
What does Qt Group do?
Qt Group sells the Qt cross-platform C++/QML/Python application framework for desktop, mobile, embedded and microcontroller targets, along with developer tools (Qt Creator IDE, Qt Design Studio, Figma-to-Qt bridge), a software quality suite (Squish, Coco, Test Center, Axivion) and the newly acquired IAR embedded toolchain. Offerings are delivered under a dual commercial/open-source licensing model with paid subscription support and professional services for enterprise customers.
Is Qt Group a public or private company?
Qt Group is a public company. It is classified as public and is currently operating.
When was Qt Group founded?
Qt Group was founded in 1991. It employs 501 to 1,000 people.
Where is Qt Group based?
Qt Group is headquartered in Espoo, Finland, in the Europe region.
How does Qt Group make money?
Five revenue lines are on record. Commercial Software Licenses are the primary driver. The others are open Source Community, professional Services, educational Licensing and quality Assurance Tools.
Who are Qt Group's main competitors?
Direct peers on record are Flutter (Google), React Native (Meta), Avalonia UI, Crank Software and Altia. Others are Green Hills Software, Wind River Systems and SEGGER Microcontroller. Microsoft (.NET MAUI / WinUI) is listed as a broad incumbent. Unity Technologies (Industrial / Embedded UI) is listed as an emerging player.
Does Qt Group have an API?
No public API is recorded for Qt Group.
What industry is Qt Group in?
Qt Group's product category is Cross-platform Application Development Framework. Its primary akta.pro industry code is BPAEAFAJ, Quality Engineering & Test Automation (QE/QA), with a secondary code of BPAEAAAN, Testing, QA & Release/Deployment Enablement. Its NAICS code is 5132 and its SIC code is 7371.