The Qt Company

What The Qt Company does

The Qt Company is the operating subsidiary of Qt Group Plc, a publicly listed software company founded in 1994 and headquartered in Oslo, Norway, with its principal operating entity (The Qt Company Oy) based in Espoo, Finland and US operations in San Jose, California. The company develops and commercializes the Qt Framework — a C++ and QML-based cross-platform development framework — together with a vertically integrated toolchain spanning design (Qt Design Studio with AI Assistant and Figma/Adobe bridges), development (Qt Creator IDE), embedded UI (Qt for MCUs, Qt Quick Ultralite, Qt Safe Renderer), and quality assurance (Squish for GUI testing, Coco for coverage, Test Center, Axivion for static analysis and architecture verification including CUDA safety compliance). The recently acquired IAR Platform adds optimized embedded compilers and the IAR Embedded Workbench, making Qt a full-stack provider for cross-platform and embedded software development.

The company sells primarily through commercial software licenses (subscription and perpetual) under a dual open-source/commercial model (Qt Community Edition under LGPL/GPL and Commercial Qt with IPR protection), supplemented by tiered support (Standard, Premium, Extended), professional services, certification testing, and educational licensing to 3,600+ institutions across 135+ countries. Distribution combines direct enterprise field sales, self-serve online licensing via account.qt.io, the JetBrains Marketplace, and a certified hardware/software partner channel. Customers include Mercedes-Benz, BSH, LG, ABB, Harman, Tableau, and Novatron across automotive (primary), aerospace & defense, industrial vehicles, industrial automation, MedTech, and consumer electronics, with Qt claiming presence in billions of devices across 70+ industries.

In October 2025 the company completed its recommended public cash offer for I.A.R. Systems Group AB at SEK 180 per share, reaching 97.91% ownership and initiating compulsory redemption; concurrently, management revised 2025 net sales growth guidance from 10–20% to 3–10% and operating profit margin guidance from 30–40% to 20–30%, citing weaker customer purchasing behavior amid economic uncertainty.

Name

The Qt Company

Legal name

The Qt Company Oy

Website

https://qt.io

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

501–1,000 employees

Short description

The Qt Company (operating subsidiary of publicly listed Qt Group Plc) develops and sells the Qt Framework — a cross-platform C++/QML software development platform — together with companion IDE, design, MCU, and quality-assurance tools, serving enterprise developers in automotive, aerospace, industrial automation, medical, and consumer electronics worldwide.

Ownership category

akta.pro rank

Product category

Cross-Platform Application Development Framework

NAICS

Custom Computer Programming Services (541511), Software Publishers (5132), 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 industry

QA, Test Automation & Software Quality (Manual/Automated Testing, Performance) (EDABAFAL)

Keywords

• Cross-platform development
• Embedded software framework
• UI development tools
• Software quality assurance
• GUI test automation

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Commercial Software Licenses: Qt sells commercial licenses for the Qt Framework, Qt Creator, Qt Design Studio, and other development tools. Licenses are available as perpetual one-time purchases or subscription-based models. Commercial Qt enables building scalable proprietary products with full IPR control, technical support, longer maintenance periods, and commercial-only features.
2. Open Source Qt Community Edition: Qt provides an open-source version under LGPL/GPL licenses. While the software is free, Qt benefits from community contributions and future commercial license conversions when projects scale.
3. Support Services: Qt offers tiered support packages including Standard Support (included in commercial licenses), Premium Support (upgraded priority service), Install Support (for lightweight licenses), and Extended Support (for end-of-life versions). Support includes bug fixes, updates, license recovery, and technical assistance.
4. Professional Services: Qt provides tailored consulting services for specific environments and hardware, including evaluation workshops and bespoke project support.
5. Educational Licensing: Free educational licenses for students and teachers at recognized institutions. While free, this program builds future customer pipeline and brand adoption.
6. Certification Testing: Qt offers official certification tests through the Qt Group Certification Testing Platform. Tests are paid per attempt, with prices publicly available on the platform.
7. JetBrains Marketplace Plugins: Qt tools plugins available on JetBrains Marketplace with both free and paid subscription options.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

The Qt Company develops and licenses the Qt cross-platform application and UI development framework, allowing software teams to build desktop, mobile, embedded, and web applications from a single C++/QML codebase. Its offering bundles the Qt Framework with development tools (Qt Creator IDE, Qt Design Studio), a microcontroller UI variant (Qt for MCUs), software quality tools (Squish, Coco, Test Center, Axivion), and the IAR embedded toolchain, sold primarily as commercial licenses, subscriptions, and tiered support to enterprise engineering teams.

Product overview

Qt Company offers a comprehensive software development platform centered on the Qt Framework—a cross-platform development framework for creating applications across desktop, mobile, embedded, and web platforms. The platform includes development tools (Qt Creator IDE, Qt Design Studio with AI Assistant, Qt Quick Ultralite for MCUs), quality assurance tools (Squish for GUI testing, Coco for code coverage, Test Center for test management, Axivion for static analysis), and the recently acquired IAR Platform for embedded toolchains. The dual licensing model provides Commercial Qt for proprietary development and Qt Community Edition for open-source projects, with additional offerings including educational licenses, professional services, and Qt Academy learning resources. AI capabilities are integrated through Qt AI Assistant in Qt Creator and AI-powered chatbots for customer support.

Differentiator

Problem solved

Functional benefit

Brands

• Qt Framework: Cross-platform software libraries and APIs for application development
• Qt for MCUs
• Qt Creator IDE
• Qt Design Studio
• Squish
• Coco
• Axivion
• Test Center
• IAR Platform

Products and services

• Qt Framework Cross-platform software libraries and APIs enabling developers to create applications for desktop, mobile, embedded, and web platforms from a single C++/QML codebase. Supports Linux/X11, Android, iOS/tvOS/watchOS, WinRT/UWP, Embedded Linux, INTEGRITY, QNX, VxWorks, AUTOSAR Classic, FreeRTOS, bare metal, and WebAssembly.
• Qt for MCUs UI framework for microcontrollers that enables powerful user interfaces on resource-constrained hardware with low memory requirements, paired with Qt Quick Ultralite renderer.
• Qt Creator IDE Cross-platform integrated development environment for creating applications targeting desktop, embedded, and mobile device platforms. Integrates the Qt AI Assistant extension for LLM-generated QML code and Qt Test cases.
• Qt Design Studio UI design and development environment for creating animated, production-ready user interfaces, with design-to-code bridges for Figma, Adobe Illustrator/Photoshop/XD, and Sketch, plus a Simulink connector for MATLAB-based graphical programming.
• IAR Platform Optimized embedded toolchain with compilers and development tools for embedded software, acquired from I.A.R. Systems Group AB and integrated into Qt's embedded offering.
• Squish GUI test automation tool for software quality assurance, supporting object-based and image-based recognition across multiple platforms.
• Coco Code coverage analysis tool that measures test coverage at code level across multiple languages and platforms.
• Test Center Test results management and analysis platform for consolidating and analyzing test outcomes across the development lifecycle.
• Axivion Static Code Analysis Certified static code analysis tool for detecting code quality and security issues and supporting safety standards compliance.
• Axivion Architecture Verification Software architecture analysis tool for verifying and maintaining architectural consistency in complex software systems.
• Axivion for CUDA Automated safety compliance tool for NVIDIA CUDA code, enabling compliance with safety standards such as ISO 26262.
• Qt Support Services Technical support offerings including Standard Support (included with commercial licenses), Premium Support (priority service with a dedicated Qt Support Engineer), and Extended Support (for end-of-life versions).
• Qt Professional Services Tailored consulting services for teams, including evaluation workshops and support for specific environments and hardware.
• Commercial Qt Commercial Qt licenses for building scalable, proprietary products with IPR protection, technical support, longer maintenance, and commercial-only features.
• Qt for Small Business Special licensing tier designed for small businesses with limited commercial use rights and an eligibility check.
• Qt Community Edition Open source Qt available under LGPL or GPL for community projects, downloads and evaluation.
• Qt Academy Online learning platform offering courses for learning Qt development, with free and paid course options.
• Qt Certifications Official Qt certificate testing program enabling individuals to earn professional certifications in Qt technologies, with paid test attempts.

Quantifiable outcome

• 75% reduction in development time (based on Sauber case study)
• +1 more outcomes

Named customers7 records

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability6 records

Feature12 records

Partnerships

One partnership is on record.

• I.A.R. Systems Group ABcoreStrategic or Co-development Partner · 27 October 2025Qt Company Ltd completed its recommended public cash offer to acquire I.A.R. Systems Group AB. Following the extended acceptance period, Qt increased ownership to 97.91% of IAR's shares. Qt has initiated compulsory redemption proceedings for remaining shares and plans to delist IAR from Nasdaq Stockholm. The acquisition at SEK 180 per share provides Qt with an optimized embedded toolchain complementing its existing Qt for MCUs offering.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Flutter (Google): Google's open-source cross-platform UI toolkit for building natively compiled applications from a single codebase. Directly competes with Qt Framework in desktop, mobile, and web application development, with a more modern developer experience and stronger community momentum.
• React Native (Meta): Meta's open-source cross-platform mobile application framework built on JavaScript/React. Competes directly with Qt for mobile and cross-platform application development, particularly in consumer and enterprise app use cases.
• Xamarin / .NET MAUI (Microsoft): Microsoft's cross-platform development framework (.NET MAUI succeeded Xamarin) for building native mobile and desktop apps from C#/.NET codebases. Competes with Qt for cross-platform development in enterprise environments with Microsoft technology stacks.
• TouchGFX (STMicroelectronics): STMicroelectronics' embedded UI framework for STM32 microcontrollers, focused on resource-constrained graphics. Directly competes with Qt for MCUs in the microcontroller UI segment with strong MCU vendor backing.
• Crank Storyboard (Crank Software): Embedded UI development tool focused on resource-constrained MCUs and MPUs, with strong presence in consumer and industrial IoT. Directly competes with Qt for MCUs and Qt Quick Ultralite in the embedded UI segment.
• Altia: Deep-embedded graphical user interface software for automotive, medical, and consumer device HMIs. Directly competes with Qt in safety-critical embedded display development, particularly in automotive instrument clusters and medical device interfaces.
• Ionic: Open-source mobile and cross-platform application development framework built on web technologies (Angular, React, Vue). Competes with Qt for cross-platform mobile and web development, particularly in enterprise apps.

Broad incumbents

• Green Hills Software: Provider of safety- and security-certified embedded software development tools and real-time operating systems. Competes with Qt's IAR Platform and Qt for MCUs in the embedded toolchain space, with stronger presence in aerospace/defense and automotive safety-critical markets.
• Elektrobit (Continental): Automotive embedded software provider offering UI development tools (EB GUIDE), operating systems, and middleware. Competes with Qt in automotive cockpit and infotainment development with deep OEM relationships through parent Continental.

Emerging players

• Tricentis: Software testing and quality assurance platform specializing in test automation for enterprise applications. Overlaps with Qt's Squish and Coco QA tooling in the GUI test automation and code coverage segments.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/qtproject
• Facebookfacebook.com/qt
• LinkedInlinkedin.com/company/the-qt-company

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Qt Company