Symbols / XNDU Stock $14.46 -2.30% Xanadu Quantum Technologies Limited

Technology • Software - Infrastructure • Canada • NGM
XNDU (Stock) Chart
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Stock Fundamentals
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Index EQUITY
Sector Technology
Industry Software - Infrastructure
CEO Mr. Christian Weedbrook
Exch · Country NGM · Canada
Market Cap 4.32B
Enterprise Value 4.08B
Income -79.07M
Sales 6.75M
FCF (ttm) —
Book/sh —
Cash/sh 0.91
Employees 240
Insider 10d —
IPO Mar 23, 2026
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E -11.71
PEG —
P/S 639.48
P/B —
P/C —
EV/EBITDA -55.43
EV/Sales 604.73
Quick Ratio 13.65
Current Ratio 14.35
Debt/Eq 14.46
LT Debt/Eq —
EPS (ttm) -0.19
EPS next Y -1.24
EPS Growth —
Revenue Growth 3.05%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-08-07
Earnings (prior) 2026-05-14
ROA —
ROE -45.25%
ROIC —
Gross Margin 93.70%
Oper. Margin -8.22%
Profit Margin 0.00%
Shs Outstand 43.28M
Shs Float 35.04M
Insider Own 25.02%
Instit Own 30.51%
Short Float 12.80%
Short Ratio 0.31
Short Interest 2.60M
52W High 42.44
vs 52W High -65.93%
52W Low 6.97
vs 52W Low 107.46%
Beta —
Impl. Vol. 12.50%
Rel Volume 0.41
Avg Volume 5.50M
Volume 2.25M
Target (mean) $44.00
Tgt Median $44.00
Tgt Low $43.00
Tgt High $45.00
# Analysts 2
Recom None
Prev Close $14.80
Price $14.46
Change -2.30%
About

Xanadu Quantum Technologies Limited develops and provides photonic quantum computing technology and related software solutions and applications, 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 cross-platform python library that enables a paradigm and quantum differentiable programming that enables integration with machine learning tools; and Catalyst for just-in-time compilation and optimization of quantum algorithms. It also provides users with access to documentation, 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 incorporated in 2016 and is based in Toronto, Canada.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$44.00
Mean price target
2. Current target
$14.46
Latest analyst target
3. DCF / Fair value
$44.00
Proxy: analyst mean price target (no FCF/EPS data available).
Ratings
Current target
$14.46
Low
$43.00
High
$45.00
Mean
$44.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-23 init Canaccord Genuity — → Buy $45
2026-04-20 init Northland Capital Markets — → Outperform $43
News
RSS: Latest XNDU news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Revenue
4.62
+190.56%
1.59
-35.90%
2.48
Operating Revenue
4.62
+190.56%
1.59
-35.90%
2.48
Cost Of Revenue
0.36
-22.53%
0.47
-22.98%
0.60
Reconciled Cost Of Revenue
0.36
-22.53%
0.47
-22.98%
0.60
Gross Profit
4.26
+278.98%
1.12
-40.07%
1.87
Operating Expense
73.58
+42.26%
51.72
+18.70%
43.57
Research And Development
55.24
+40.83%
39.22
+9.81%
35.72
Selling General And Administration
16.61
+109.82%
7.91
+19.17%
6.64
Selling And Marketing Expense
1.19
+13.23%
1.05
+73.15%
0.61
General And Administrative Expense
15.41
+124.61%
6.86
+13.74%
6.03
Other Gand A
15.41
+124.61%
6.86
+13.74%
6.03
Other Operating Expenses
-4.11
-1333.10%
-0.29
+88.60%
-2.52
Total Expenses
73.94
+41.69%
52.19
+18.13%
44.18
Operating Income
-69.32
-37.01%
-50.60
-21.34%
-41.70
Total Operating Income As Reported
-69.32
-37.01%
-50.60
-21.34%
-41.70
EBITDA
-62.59
-39.35%
-44.91
-20.80%
-37.18
Normalized EBITDA
-62.59
-39.35%
-44.91
-20.80%
-37.18
Reconciled Depreciation
6.74
+18.51%
5.68
+25.81%
4.52
EBIT
-69.32
-37.01%
-50.60
-21.34%
-41.70
Net Income
-70.67
-53.73%
-45.97
-29.15%
-35.59
Pretax Income
-70.67
-53.73%
-45.97
-29.15%
-35.59
Net Non Operating Interest Income Expense
1.21
-74.11%
4.67
-28.23%
6.51
Net Interest Income
1.21
-74.11%
4.67
-28.23%
6.51
Other Income Expense
-2.55
-5980.95%
-0.04
+89.55%
-0.40
Other Non Operating Income Expenses
-2.55
-5980.95%
-0.04
+89.55%
-0.40
Tax Rate For Calcs
0.00
0.00
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-70.67
-53.73%
-45.97
-29.15%
-35.59
Net Income From Continuing Operation Net Minority Interest
-70.67
-53.73%
-45.97
-29.15%
-35.59
Net Income From Continuing And Discontinued Operation
-70.67
-53.73%
-45.97
-29.15%
-35.59
Net Income Continuous Operations
-70.67
-53.73%
-45.97
-29.15%
-35.59
Normalized Income
-70.67
-53.73%
-45.97
-29.15%
-35.59
Net Income Common Stockholders
-70.67
-53.73%
-45.97
-29.15%
-35.59
Diluted EPS
-0.24
-53.73%
-0.15
-29.15%
-0.12
Basic EPS
-0.24
-53.73%
-0.15
-29.15%
-0.12
Basic Average Shares
297.99
+0.00%
297.99
+0.00%
297.99
Diluted Average Shares
297.99
+0.00%
297.99
+0.00%
297.99
Diluted NI Availto Com Stockholders
-70.67
-53.73%
-45.97
-29.15%
-35.59
Depreciation Amortization Depletion Income Statement
5.85
+20.13%
4.87
+30.54%
3.73
Depreciation And Amortization In Income Statement
5.85
+20.13%
4.87
+30.54%
3.73
Total Other Finance Cost
-1.21
+74.11%
-4.67
+28.23%
-6.51
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Assets
70.60
-39.53%
116.77
-22.66%
150.98
Current Assets
40.21
-55.50%
90.37
-26.90%
123.62
Cash Cash Equivalents And Short Term Investments
16.16
-79.18%
77.62
-33.92%
117.46
Cash And Cash Equivalents
16.16
-79.18%
77.62
-33.92%
117.46
Receivables
9.48
+652.74%
1.26
-13.23%
1.45
Accounts Receivable
0.10
-83.53%
0.61
+7487.50%
0.01
Gross Accounts Receivable
—
1.26
-13.23%
1.45
Allowance For Doubtful Accounts Receivable
—
0.00
0.00
Other Receivables
6.60
+924.22%
0.64
-46.33%
1.20
Taxes Receivable
0.96
+11937.50%
0.01
-96.71%
0.24
Inventory
8.34
+160.91%
3.20
+28972.73%
0.01
Raw Materials
8.34
+160.91%
3.20
+28972.73%
0.01
Prepaid Assets
3.83
-43.02%
6.72
+119.90%
3.06
Other Current Assets
2.40
+52.77%
1.57
-4.67%
1.65
Total Non Current Assets
30.39
+15.12%
26.40
-3.51%
27.36
Net PPE
25.26
+10.48%
22.87
-6.21%
24.38
Gross PPE
38.55
+21.91%
31.62
+3.62%
30.51
Accumulated Depreciation
-13.29
-51.78%
-8.75
-42.72%
-6.13
Properties
0.00
0.00
0.00
Machinery Furniture Equipment
18.36
+45.07%
12.65
+22.38%
10.34
Other Properties
16.55
+2.85%
16.09
-7.11%
17.33
Leases
3.64
+26.72%
2.87
+0.81%
2.85
Goodwill And Other Intangible Assets
5.13
+45.19%
3.53
+18.64%
2.98
Other Intangible Assets
5.13
+45.19%
3.53
+18.64%
2.98
Total Liabilities Net Minority Interest
46.16
+57.70%
29.27
+53.37%
19.08
Current Liabilities
8.98
+66.73%
5.38
+73.90%
3.10
Payables And Accrued Expenses
4.99
+30.67%
3.82
+114.54%
1.78
Payables
2.80
+69.61%
1.65
+293.33%
0.42
Accounts Payable
2.80
+69.61%
1.65
+293.33%
0.42
Current Accrued Expenses
2.19
+1.01%
2.17
+59.37%
1.36
Current Debt And Capital Lease Obligation
1.07
+7.83%
1.00
-0.99%
1.01
Current Capital Lease Obligation
1.07
+7.83%
1.00
-0.99%
1.01
Current Deferred Liabilities
1.04
+235.28%
0.31
+692.31%
0.04
Current Deferred Revenue
1.04
+235.28%
0.31
+692.31%
0.04
Other Current Liabilities
1.87
+626.36%
0.26
-4.44%
0.27
Total Non Current Liabilities Net Minority Interest
37.18
+55.67%
23.89
+49.40%
15.99
Long Term Debt And Capital Lease Obligation
37.18
+55.67%
23.89
+49.40%
15.99
Long Term Debt
30.00
+87.38%
16.01
+135.15%
6.81
Long Term Capital Lease Obligation
7.18
-8.79%
7.88
-14.19%
9.18
Stockholders Equity
24.44
-72.06%
87.50
-33.67%
131.90
Common Stock Equity
-188.56
-50.24%
-125.51
-54.75%
-81.10
Capital Stock
220.59
+0.08%
220.40
+0.05%
220.29
Common Stock
7.58
+2.51%
7.40
+1.54%
7.29
Preferred Stock
213.00
+0.00%
213.00
+0.00%
213.00
Share Issued
297.99
+0.00%
297.99
+0.00%
297.99
Ordinary Shares Number
297.99
+0.00%
297.99
+0.00%
297.99
Additional Paid In Capital
10.15
+70.98%
5.94
+94.02%
3.06
Retained Earnings
-206.30
-52.10%
-135.64
-51.26%
-89.67
Gains Losses Not Affecting Retained Earnings
0.01
+100.28%
-3.21
-79.97%
-1.78
Other Equity Adjustments
0.01
+100.28%
-3.21
-79.97%
-1.78
Total Equity Gross Minority Interest
24.44
-72.06%
87.50
-33.67%
131.90
Total Capitalization
54.44
-47.40%
103.50
-25.38%
138.71
Working Capital
31.24
-63.24%
84.98
-29.49%
120.53
Invested Capital
-158.56
-44.81%
-109.50
-47.38%
-74.30
Total Debt
38.26
+53.75%
24.88
+46.42%
16.99
Net Debt
13.83
—
—
Capital Lease Obligations
8.26
-6.92%
8.87
-12.89%
10.19
Net Tangible Assets
19.32
-76.99%
83.96
-34.87%
128.92
Tangible Book Value
-193.69
-50.10%
-129.04
-53.47%
-84.08
Duefrom Related Parties Current
1.82
0.00
—
Preferred Stock Equity
213.00
+0.00%
213.00
+0.00%
213.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Operating Cash Flow
-68.05
-63.03%
-41.74
-41.25%
-29.55
Cash Flow From Continuing Operating Activities
-68.05
-63.03%
-41.74
-41.25%
-29.55
Net Income From Continuing Operations
-70.67
-53.73%
-45.97
-29.15%
-35.59
Depreciation Amortization Depletion
6.74
+18.51%
5.68
+25.81%
4.52
Depreciation
5.20
+15.23%
4.51
+25.24%
3.60
Amortization Cash Flow
1.54
+31.09%
1.17
+28.03%
0.92
Depreciation And Amortization
6.74
+18.51%
5.68
+25.81%
4.52
Amortization Of Intangibles
1.54
+31.09%
1.17
+28.03%
0.92
Other Non Cash Items
0.86
-19.17%
1.06
-22.51%
1.37
Stock Based Compensation
4.02
+38.85%
2.89
+31.14%
2.21
Operating Gains Losses
1.62
+17855.56%
0.01
-95.38%
0.20
Gain Loss On Investment Securities
1.62
+17855.56%
0.01
-95.38%
0.20
Change In Working Capital
-10.61
-95.74%
-5.42
-140.95%
-2.25
Change In Receivables
-8.00
-17117.02%
0.05
-48.35%
0.09
Changes In Account Receivables
-8.00
-17117.02%
0.05
-48.35%
0.09
Change In Inventory
-4.88
-53.23%
-3.19
-28881.82%
-0.01
Change In Prepaid Assets
1.68
+140.08%
-4.19
-281.09%
-1.10
Change In Payables And Accrued Expense
0.95
-62.66%
2.55
+1660.00%
0.14
Change In Accrued Expense
-0.09
-106.93%
1.28
+6525.00%
-0.02
Change In Payable
1.04
-17.76%
1.27
+667.88%
0.17
Change In Account Payable
1.04
-17.76%
1.27
+667.88%
0.17
Change In Other Working Capital
0.70
+126.30%
0.31
+143.20%
-0.71
Change In Other Current Liabilities
-1.05
-11.42%
-0.95
-43.12%
-0.66
Investing Cash Flow
-8.86
-32.78%
-6.67
+33.04%
-9.97
Cash Flow From Continuing Investing Activities
-8.86
-32.78%
-6.67
+33.04%
-9.97
Net PPE Purchase And Sale
-6.18
-29.62%
-4.77
+43.59%
-8.45
Purchase Of PPE
-6.18
-29.62%
-4.77
+46.43%
-8.90
Sale Of PPE
0.00
0.00
-100.00%
0.45
Capital Expenditure
-8.86
-32.78%
-6.67
+35.93%
-10.42
Net Intangibles Purchase And Sale
-2.68
-40.67%
-1.91
-25.61%
-1.52
Purchase Of Intangibles
-2.68
-40.67%
-1.91
-25.61%
-1.52
Financing Cash Flow
12.24
+31.64%
9.29
+115.56%
4.31
Cash Flow From Continuing Financing Activities
12.24
+31.64%
9.29
+115.56%
4.31
Net Issuance Payments Of Debt
12.11
+31.47%
9.21
+119.51%
4.20
Issuance Of Debt
12.11
+31.47%
9.21
+37.38%
6.71
Repayment Of Debt
0.00
0.00
+100.00%
-2.51
Long Term Debt Issuance
12.11
+31.47%
9.21
+37.38%
6.71
Long Term Debt Payments
0.00
0.00
+100.00%
-2.51
Net Long Term Debt Issuance
12.11
+31.47%
9.21
+119.51%
4.20
Proceeds From Stock Option Exercised
0.12
+51.22%
0.08
-28.70%
0.12
Changes In Cash
-64.67
-65.33%
-39.12
-11.11%
-35.21
Effect Of Exchange Rate Changes
3.22
+544.95%
-0.72
-208.23%
0.67
Beginning Cash Position
77.62
-33.92%
117.46
-22.72%
152.00
End Cash Position
16.16
-79.18%
77.62
-33.92%
117.46
Free Cash Flow
-76.91
-58.86%
-48.41
-21.13%
-39.97
Interest Paid Supplemental Data
0.00
0.00
-100.00%
0.22
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

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