Xanadu Quantum Technologies
Develops light-based quantum hardware alongside the open-source PennyLane programming platform.
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Profile
Develops photonic quantum hardware and open-source PennyLane software for quantum programming. Revenue has primarily come from professional services and compute-related services within a single reportable segment.
Builds photonic quantum-computing hardware designed to operate at room temperature alongside PennyLane, its open-source software platform for quantum programming. The Toronto-founded company has described Aurora as a modular, networked photonic system, while its technology objective is to build fault-tolerant systems using light. Its earlier product direction included cloud access to photonic quantum computing.
Revenue has primarily come from professional services and compute-related services, with operations reported in one segment. Continued technical development, customer adoption, and financing remain documented needs of the development-stage business.
Current public issuer was created for the business combination that placed its Class B shares on Nasdaq and the Toronto Stock Exchange.
Company facts
Categories
Key statistics
Year to date +22.9% · Average volume (30d) 1.1M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | −$0.37 | −$0.14 | +62.2% | $2.0M | $1.5M | −24.6% | +1.51% |
| Aug 7, 2026Q2 FY26 | −$0.37 | −$0.14 | +62.2% | $2.0M | $1.5M | −24.6% | +5.87% |
| May 14, 2026Q1 FY26 | −$0.08 | −$0.28 | −234.3% | $1.1M | $2.8M | +165.9% | −10.11% |
| Feb 6, 2026Q4 FY25 | — | −$4.92 | — | — | $1.9M | — | — |
Financial highlights
| 7 quarters | Q4 FY24 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $511.5K | $0 | $710.0K | $1.3M | $2.0M | $1.5M | |
| Gross profit | $218.7K | $0 | $672.6K | $1.2M | $2.0M | $1.4M | |
| Operating income | −$8.4M | −$142.8K | −$14.9M | −$14.6M | −$16.7M | −$30.7M | |
| Net income | −$7.8M | $877.2K | −$14.6M | −$16.6M | −$14.8M | −$43.0M | |
| Diluted EPS | $0.00 | $0.04 | −$0.49 | −$0.55 | −$0.50 | −$1.43 | |
| Gross margin | 42.8% | — | 94.7% | 89.4% | 96.0% | 91.5% | |
| Operating margin | -1,650.6% | — | -2,096.9% | -1,084.7% | -821.6% | -1,984.8% |
Balance sheet, Jun 30, 2026Cash & short-term investments $319.7M · Total debt $60.5M · Total assets $392.5M · Shareholders' equity $320.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 22.64M · Float 4.20M · 18.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Mmcap International Inc. SPC | 6.88M | 30.37% | 13F | May 15, 2026 |
| Stepstone Group LP | 3.42M | 15.10% | 13F | May 15, 2026 |
| Polar Asset Management Partners Inc. | 2.00M | 8.83% | 13F | May 15, 2026 |
| Alyeska Investment Group, L.P. | 1.00M | 4.42% | 13F | May 15, 2026 |
| Burkehill Global Management, LP | 1.00M | 4.42% | 13F | May 15, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- IonQ
Trapped-ion quantum systems and cloud access for programmable computing
- IBM
Quantum hardware, cloud access, and developer tooling for enterprise quantum
- Rigetti Computing
Superconducting quantum hardware and cloud services for full-stack deployment
- D-Wave Quantum
Dual-platform quantum hardware, software, and services for commercial users
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Xanadu Quantum Technologies | $10.51 | −0.10% | $237.9M | — | — | 42.2 | — |
| IonQ | $39.41 | +0.56% | $14.63B | — | — | 59.4 | +286.8% |
| IBM | $235.80 | +0.10% | $221.96B | 20.8 | 18.4 | 3.2 | +1.1% |
| Rigetti Computing | $15.68 | +0.51% | $5.18B | — | — | 388.1 | +185.3% |
| D-Wave Quantum | $17.01 | +0.03% | $6.25B | — | — | 502.6 | −0.6% |
| Median | 20.8 | 18.4 | 223.7 | +93.2% |