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Home CompaniesXanadu Quantum Technologies Limited

Xanadu Quantum Technologies Limited

Technology Software - Infrastructure
PortfolioPortfolio WatchlistWatchlist
Company price
7.06 CAD -0.13 ( 1.81%)
Last update at 2026-09-25T20:00:00Z
VOLUME
579463
Market Cap
12746.09M

Momentum Score

…

Xanadu Quantum Technologies Limited develops and provides photonic quantum computing hardware and software platforms, including cloud-based access to quantum computers and tools for quantum programming and simulation. The company provides access to photonic quantum computers through x-series devices available via the cloud, supporting programmable quantum gates and photon-number resolving detectors. It offers Pennylane, a Python library for quantum programming and differentiable quantum programming, enabling integration with machine learning tools and support for quantum-classical applications; Catalyst for just-in-time compilation and optimization of quantum algorithms; and Lightning, a high-performance quantum simulator for CPU and GPU that integrates with Pennylane. Users have access to documentation, tutorials, guides, and community-led resources for quantum machine learning, quantum chemistry simulations, and other quantum computing applications, along with collaboration and support from a team of quantum experts. The company serves professional clients in the quantum computing, software development, and machine learning sectors, as well as advanced users in research and development, including those utilizing high-performance computing and quantum hardware. Xanadu Quantum Technologies Limited was formerly known as Xanadu Quantum Technologies Inc. and changed its name to Xanadu Quantum Technologies Limited in March 2026. The company was founded in 2016 and is based in Toronto, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
6.95
Low
7.34
High
52 Week Price Range
9.75
Low
57.00
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Xanadu Quantum Technologies develops photonic quantum processors, control hardware and software to run quantum algorithms and provide cloud access to its systems. Long-term growth drivers include rising enterprise interest in quantum computing, potential scalability of photonic approaches and expansion of developer and cloud ecosystems; investors may find the company attractive for its technology focus in an early-stage market.

Principal risks are high technical and commercial execution risk, uncertain timelines to reach practical performance, substantial financing needs and strong competition from better-funded hardware and software providers.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
7.19
Dividend Yield
-
Revenue TTM
4.62M
Revenue Per Share
0.93
Gross Profit TTM
4.26M
Debt / Equity
-
ROE
-126.26%
Net Debt
13.83M
ROCE
-112.49%
Diluted EPS TTM
-0.24

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31
Type yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31
Income before tax -70.67M -45.97M -35.59M
Net income -70.67M -45.97M -35.59M
Selling general administrative 16.61M 7.91M 6.64M
Gross profit 4.26M 1.12M 1.87M
Reconciled depreciation 6.74M 5.68M 4.52M
Operating income -69.32M -50.60M -41.70M
Net interest income 1.21M 4.67M 6.51M
Total revenue 4.62M 1.59M 2.48M
Total operating expenses 73.94M 52.19M 44.18M
Cost of revenue 0.36M 0.47M 0.60M
Total other income expense net -2.55M -0.04M -0.40M
Net income from continuing ops -70.67M -45.97M -35.59M
Breakdown 2025-12-31 2024-12-31 2023-12-31
Type yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31
Total assets 70.60M 116.77M 150.98M
Intangible assets 5.13M 3.53M 2.98M
Other current assets 2.40M 1.57M 1.65M
Total liab 46.16M 29.27M 19.08M
Total stockholder equity 24.44M 87.50M 131.90M
Other current liab 1.87M 0.26M 0.27M
Capital stock 220.59M 220.40M 220.29M
Retained earnings -206.30M -135.64M -89.67M
Cash 16.16M 77.62M 117.46M
Total current liabilities 8.98M 5.38M 3.10M
Net debt 13.83M - -
Total current assets 40.21M 90.37M 123.62M
Net receivables 0.10M 1.26M 1.45M
Long term debt 30.00M 16.01M 6.81M
Inventory 8.34M 3.20M 0.01M
Accounts payable 2.80M 1.65M 0.42M
Non current assets total 30.39M 26.40M 27.36M
Capital lease obligations 8.26M 8.87M 10.19M
Breakdown 2025-12-31 2024-12-31 2023-12-31
Type yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31
Net borrowings 12.11M 9.21M 4.20M
Total cash from financing activities 12.24M 9.29M 4.31M
Net income -70.67M -45.97M -35.59M
Change in cash -61.45M -39.84M -34.54M
Begin period cash flow 77.62M 117.46M 152.00M
End period cash flow 16.16M 77.62M 117.46M
Total cash from operating activities -68.05M -41.74M -29.55M
Depreciation 6.74M 5.68M 4.52M
Change to inventory -4.88M -3.19M -0.01M
Change to account receivables -8.00M 0.05M 0.09M
Capital expenditures 8.86M 6.67M 10.42M
Change in working capital -10.61M -5.42M -2.25M
Stock based compensation 4.02M 2.89M 2.21M
Other non cash items 0.86M 1.06M 1.37M
Free cash flow -76.91M -48.41M -39.97M

Peer Comparison*

Sector: Technology Industry: Software - Infrastructure

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
XNDU
Xanadu Quantum Technologies Limited		 -0.13
1.81%		 7.06 - - 2760.69 - 2465.78
MSFT
Microsoft CDR (CAD Hedged)		 1.28
3.68%		 36.04 25.56 20.83 14.17 7.60 10.06
BB
BlackBerry Ltd		 -0.70
5.71%		 11.57 63.58 31.95 8.20 4.29 5.59
CVO
Coveo Solutions Inc		 0.01
0.24%		 4.16 - 238.10 3.10 4.58 3.20
TC
Tucows Inc.		 -0.24
1.66%		 14.23 - 30.49 0.65 2.42 1.77

Profile*

Xanadu Quantum Technologies Limited

Xanadu Quantum Technologies Limited develops and provides photonic quantum computing hardware and software platforms, including cloud-based access to quantum computers and tools for quantum programming and simulation. The company provides access to photonic quantum computers through x-series devices available via the cloud, supporting programmable quantum gates and photon-number resolving detectors. It offers Pennylane, a Python library for quantum programming and differentiable quantum programming, enabling integration with machine learning tools and support for quantum-classical applications; Catalyst for just-in-time compilation and optimization of quantum algorithms; and Lightning, a high-performance quantum simulator for CPU and GPU that integrates with Pennylane. Users have access to documentation, tutorials, guides, and community-led resources for quantum machine learning, quantum chemistry simulations, and other quantum computing applications, along with collaboration and support from a team of quantum experts. The company serves professional clients in the quantum computing, software development, and machine learning sectors, as well as advanced users in research and development, including those utilizing high-performance computing and quantum hardware. Xanadu Quantum Technologies Limited was formerly known as Xanadu Quantum Technologies Inc. and changed its name to Xanadu Quantum Technologies Limited in March 2026. The company was founded in 2016 and is based in Toronto, Canada.

777 Bay Street, Toronto, ON, Canada, M5G 2C8

https://www.xanadu.ai

240

Name Title Year Born
Mr. Christian Weedbrook Founder, CEO & Director 1977
Mr. Michael Eugene Trzupek Chief Financial Officer 1972
Mr. Rafal Janik Chief Operating Officer 1984
Ms. Natalie Wilmore Chief Legal Officer 1986
Ms. Rebecca Laramee Chief People Officer 1985
Zachary Vernon Head of Hardware NA
Nathan Killoran Head of Software & Algorithms and Lead Developer of PennyLane NA
Juan Miguel Arrazola Head of Algorithms NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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