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Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares XNDU · USD

US listing · 🇺🇸 United States

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2.88

+7.87%

Close of 9 Nov 2026, in USD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$4.6m

FY2023FY2025

Net income

−$70.7m

FY2023FY2025

Free cash flow

−$11.6m

FY2023FY2025

Shareholders' equity

$296.7m

FY2023FY2025

Income statement

Fiscal years

FY2025FY2024FY2023
Revenue$4.6m$1.6m$2.5m
Gross profit$4.3m$1.1m$1.9m
Research and development$55.2m$39.2m$35.7m
Operating income−$69.3m−$50.6m−$41.7m
Net income−$70.7m−$46.0m−$35.6m
Diluted earnings per share-2.36-0.15-0.12

Balance sheet

At each fiscal year end

FY2025FY2024FY2023
Total assets$310.8m$116.8m$151.0m
Cash and short-term investments$367,345$77.6m$117.5m
Total liabilities$14.2m$29.3m$19.1m
Debt$30.0m$17.0m$7.8m
Shareholders' equity$296.7m$87.5m$131.9m
Shares outstanding30m298m298m

Cash flow

Fiscal years

FY2025FY2024FY2023
Cash from operations−$2.7m−$41.7m−$29.5m
Capital spending−$8.9m−$6.7m−$10.4m
Free cash flow−$11.6m−$48.4m−$40.0m

Latest quarters

By quarter end

Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue$2.8m$1.9m$987,000—$699,000$711,000$482,000
Gross profit$2.7m$1.7m$935,000—$650,000$304,000$440,000
Operating income−$23.3m−$23.0m−$20.7m−$198,512−$12.8m−$11.7m−$11.5m
Net income−$20.6m−$23.0m−$20.3m$1.2m−$12.2m−$10.8m−$10.4m
Diluted earnings per share-0.69-0.77-0.680.04-0.41-0.04-0.04
Cash from operations−$7.0m−$1.0m——−$16.0m−$11.0m—
Capital spending————−$1.0m−$2.0m—
Free cash flow————−$17.0m−$13.0m—
Total assets$319.0m$310.8m$87.3m$304.8m—$116.8m—
Cash and short-term investments$272.5m$367,345$36.1m$1.5m—$77.6m—
Debt$31.1m$30.0m$26.9m——$17.0m—
Shareholders' equity$262.0m$296.7m$43.4m$292.5m—$87.5m—

Financial ratios

Data as of 20 Oct 2026

FY2025FY2024FY2023
Gross margin92.2%70.7%75.6%
Operating margin-1530.6%-2892.9%-1435.7%
Net margin-1530.6%-2892.9%-1435.7%
Return on equity-23.8%-52.5%-27.0%
Return on assets-22.7%-39.4%-23.6%
Free cash flow yield6.9%-3.9%—
Revenue growth190.6%-35.9%—
Earnings growth53.7%29.2%—
Current ratio0.27x16.78x39.93x
Debt to equity0.10x0.19x0.06x
Equity ratio95.4%74.9%87.4%
R&D as a share of sales1196.4%2468.4%1440.8%
Buybacks as a share of market value89.9%——

Average margins

Over each period

1 year3 years5 years10 years
Gross margin86.7%———

Market value over time

31 Mar 2026 to 19 Oct 2026, in USD

$551.5m$83.9m

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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