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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 Past Earnings Performance

Past criteria checks 0/6

Xanadu Quantum Technologies's earnings have been declining at an average annual rate of -117.9%, while the Software industry saw earnings growing at 31.8% annually. Revenues have been growing at an average rate of 144.4% per year.

Key information

-117.92%

Earnings growth rate

6.09%

EPS growth rate

Software Industry Growth17.33%
Revenue growth rate144.40%
Return on equity-33.85%
Net Margin-1,470.88%
Last Earnings Update30 Jun 2026

Recent past performance updates

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

Revenue & Expenses Breakdown

How Xanadu Quantum Technologies makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqGM:XNDU Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 267-1063470
31 Mar 267-792663
31 Dec 255-711755
30 Sep 253-581147
30 Jun 253-49841
31 Mar 252-46739
31 Dec 242-46839
31 Dec 232-36736

Quality Earnings: XNDU is currently unprofitable.

Growing Profit Margin: XNDU is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if XNDU's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare XNDU's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: XNDU is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (27.2%).


Return on Equity

High ROE: XNDU has a negative Return on Equity (-33.85%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/09 17:07
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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