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Xanadu Quantum Technologies Limited

Technology CA XNDU

20.15CAD
-0.38(1.85%)

Last update at 2026-06-04T20:00:00Z

Day Range

19.6020.79
LowHigh

52 Week Range

9.7557.00
LowHigh

Fundamentals

  • Previous Close 20.53
  • Market Cap12746.09M
  • Volume221997
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-63.47300M
  • Revenue TTM4.62M
  • Revenue Per Share TTM0.93
  • Gross Profit TTM 4.26M
  • Diluted EPS TTM-0.24

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

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 -70.66700M -45.96800M -35.59200M
Minority interest - - -
Net income -70.66700M -45.96800M -35.59200M
Selling general administrative 16.61M 7.91M 6.64M
Selling and marketing expenses - - -
Gross profit 4.26M 1.12M 1.87M
Reconciled depreciation 6.74M 5.68M 4.52M
Ebit - - -
Ebitda - - -
Depreciation and amortization - - -
Non operating income net other - - -
Operating income -69.32200M -50.59600M -41.69700M
Other operating expenses - - -
Interest expense - - -
Tax provision - - -
Interest income - - -
Net interest income 1.21M 4.67M 6.51M
Extraordinary items - - -
Non recurring - - -
Other items - - -
Income tax expense - - -
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 -2.55400M -0.04200M -0.40200M
Discontinued operations - - -
Net income from continuing ops -70.66700M -45.96800M -35.59200M
Net income applicable to common shares - - -
Preferred stock and other adjustments - - -
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
Earning assets - - -
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
Deferred long term liab - - -
Other current liab 1.87M 0.26M 0.27M
Common stock - - -
Capital stock 220.59M 220.40M 220.29M
Retained earnings -206.30300M -135.63600M -89.66800M
Other liab - - -
Good will - - -
Other assets - - -
Cash 16.16M 77.62M 117.46M
Cash and equivalents - - -
Total current liabilities 8.98M 5.38M 3.10M
Current deferred revenue - - -
Net debt 13.83M - -
Short term debt - - -
Short long term debt - - -
Short long term debt total - - -
Other stockholder equity - - -
Property plant equipment - - -
Total current assets 40.21M 90.37M 123.62M
Long term investments - - -
Net tangible assets - - -
Short term investments - - -
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
Total permanent equity - - -
Noncontrolling interest in consolidated entity - - -
Temporary equity redeemable noncontrolling interests - - -
Accumulated other comprehensive income - - -
Additional paid in capital - - -
Common stock total equity - - -
Preferred stock total equity - - -
Retained earnings total equity - - -
Treasury stock - - -
Accumulated amortization - - -
Non currrent assets other - - -
Deferred long term asset charges - - -
Non current assets total 30.39M 26.40M 27.36M
Capital lease obligations 8.26M 8.87M 10.19M
Long term debt total - - -
Breakdown 2025-12-31 2024-12-31 2023-12-31
Type yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31
Investments - - -
Change to liabilities - - -
Total cashflows from investing activities - - -
Net borrowings 12.11M 9.21M 4.20M
Total cash from financing activities 12.24M 9.29M 4.31M
Change to operating activities - - -
Net income -70.66700M -45.96800M -35.59200M
Change in cash -61.45500M -39.84000M -34.53800M
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 -68.04500M -41.73700M -29.54900M
Issuance of capital stock - - -
Depreciation 6.74M 5.68M 4.52M
Other cashflows from investing activities - - -
Dividends paid - - -
Change to inventory -4.88500M -3.18800M -0.01100M
Change to account receivables -7.99800M 0.05M 0.09M
Sale purchase of stock - - -
Other cashflows from financing activities - - -
Change to netincome - - -
Capital expenditures 8.86M 6.67M 10.42M
Change receivables - - -
Cash flows other operating - - -
Exchange rate changes - - -
Cash and cash equivalents changes - - -
Change in working capital -10.60700M -5.41900M -2.24900M
Stock based compensation 4.02M 2.89M 2.21M
Other non cash items 0.86M 1.06M 1.37M
Free cash flow -76.90800M -48.41200M -39.96700M

Peer Comparison

Sector: Technology Industry: Software - Infrastructure

Company 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
-0.38 1.85% 20.15 - - 2760.69 - 2465.78
MSFT
Microsoft CDR (CAD Hedged)
0.05 0.17% 30.15 25.56 20.83 14.17 7.60 10.06 16.32
BB
BlackBerry Ltd
0.30 2.13% 14.40 63.58 31.95 8.20 4.29 5.59 37.10
CVO
Coveo Solutions Inc
0.22 5.25% 4.41 - 238.10 3.10 4.58 3.20 -48.2939
TC
Tucows Inc.
0.43 2.34% 18.81 - 30.49 0.65 2.42 1.77 19.13

Reports Covered

Stock Research & News

Profile

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.

Xanadu Quantum Technologies Limited

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

Key Executives

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

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