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Updated 2h ago
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Xanadu Quantum Technologies LimitedNasdaqGM:XNDU Stock Report

Market Cap US$2.9b
Updated 2h ago
Share Price
n/a
1Y-9.7%
7D-9.0%
1D-5.6%
Portfolio Value
​
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Xanadu Quantum Technologies Limited

NasdaqGM:XNDU Stock Report

Market Cap: US$2.9b

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Xanadu Quantum Technologies (XNDU) Stock Overview

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. More details

XNDU fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health5/6
Dividends0/6

Rewards

Revenue is forecast to grow 26.47% per year

Revenue grew by 144.4% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 22.6% per year for the next 3 years

Volatile share price over the past 3 months compared to the US market

Currently unprofitable and not forecast to become profitable over the next 3 years


XNDU Community Fair Values

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US$
Current Price
US$9.059.1k% overvalued intrinsic discount
%/yr
Decrease
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PastFuture-107m23m2016201920222025202620282031Revenue US$23.3mEarnings US$2.8m
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Xanadu Quantum Technologies Limited Competitors

SPS Commerce

Symbol: NasdaqGS:SPSC
Market cap: US$2.8b

Cellebrite DI

Symbol: NasdaqGS:CLBT
Market cap: US$2.9b

SoundHound AI

Symbol: NasdaqGM:SOUN
Market cap: US$2.9b

Pony AI

Symbol: NasdaqGS:PONY
Market cap: US$3.1b

Price History & Performance

Summary of share price highs, lows and changes for Xanadu Quantum Technologies
Historical stock prices
Current Share PriceCA$9.05
52 Week HighCA$42.44
52 Week LowCA$6.97
Beta0
1 Month Change-14.22%
3 Month Change-27.37%
1 Year Change-9.65%
3 Year Changen/a
5 Year Changen/a
Change since IPO-8.59%

Recent News & Updates

Seeking Alpha • Aug 25

Xanadu: Great Science, Too Much Success Priced In

Summary Xanadu demonstrates credible quantum technology, but current ~$3B valuation overprices the probability of timely technical success. Photon loss remains the core technical hurdle; management estimates a 5–10x gap remains to fault tolerance, with a new loss roadmap expected soon. XNDU holds $312.8M in cash and ample funding options, providing sufficient runway to reach key milestones without immediate dilution risk. At $10.95, XNDU trades above my base-case scenario; I rate it Sell until concrete technical progress justifies the current valuation. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Aug 25

Xanadu: Great Science, Too Much Success Priced In

Summary Xanadu demonstrates credible quantum technology, but current ~$3B valuation overprices the probability of timely technical success. Photon loss remains the core technical hurdle; management estimates a 5–10x gap remains to fault tolerance, with a new loss roadmap expected soon. XNDU holds $312.8M in cash and ample funding options, providing sufficient runway to reach key milestones without immediate dilution risk. At $10.95, XNDU trades above my base-case scenario; I rate it Sell until concrete technical progress justifies the current valuation. Read the full article on Seeking Alpha

Shareholder Returns

XNDUUS SoftwareUS Market
7D-9.0%-1.6%0.9%
1Y-9.7%-5.9%15.5%

Return vs Industry: XNDU underperformed the US Software industry which returned -5.9% over the past year.

Return vs Market: XNDU underperformed the US Market which returned 15.5% over the past year.

Price Volatility

Is XNDU's price volatile compared to industry and market?
XNDU volatility
XNDU Average Weekly Movement11.4%
Software Industry Average Movement9.2%
Market Average Movement6.9%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market3.0%

Stable Share Price: XNDU's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: XNDU's weekly volatility has decreased from 21% to 11% over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2016252Christian Weedbrookwww.xanadu.ai

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.

Xanadu Quantum Technologies Limited Fundamentals Summary

How do Xanadu Quantum Technologies's earnings and revenue compare to its market cap?
XNDU fundamental statistics
Market capUS$2.91b
Earnings (TTM)-US$105.98m
Revenue (TTM)US$7.21m
382.7x
P/S Ratio
-26.0x
P/E Ratio

Is XNDU overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
XNDU income statement (TTM)
RevenueUS$7.21m
Cost of RevenueUS$491.00k
Gross ProfitUS$6.71m
Other ExpensesUS$112.69m
Earnings-US$105.98m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-0.35
Gross Margin93.19%
Net Profit Margin-1,470.88%
Debt/Equity Ratio10.4%

How did XNDU perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/09 23:35
End of Day Share Price 2026/09/09 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Xanadu Quantum Technologies Limited is covered by 3 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William Kingsley CraneCanaccord Genuity
Todd CouplandCIBC Capital Markets
Nehal ChokshiNorthland Capital Markets

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