Technology · Software - Infrastructure
Price
$11.18
Market Cap
$253.1M
Employees
3
Beta
2.76
Avg Volume
5,319,337
CEO
Christian Weedbrook
Business Description
Xanadu Quantum Technologies Inc. specializes in the creation and delivery of photonic quantum computing solutions, encompassing both sophisticated hardware and versatile software platforms. Their hardware offerings include cloud-accessible "x-series" photonic quantum computers, which boast features such as programmable quantum gates and advanced photon-number resolving detectors. On the software front, Xanadu provides a suite of tools: Pennylane: A Python library for quantum programming that supports differentiable quantum programming, facilitating integration with machine learning frameworks and enabling the development of hybrid quantum-classical applications. Catalyst: Designed for just-in-time compilation, it optimizes quantum algorithms for enhanced performance. Lightning: A high-performance quantum simulator built for both CPU and GPU architectures, engineered to integrate seamlessly with Pennylane. The company ensures robust support for its users, offering extensive documentation, instructional tutorials, practical guides, and community-driven resources that cover areas like quantum machine learning, quantum chemistry simulations, and various other quantum computing applications. Users also gain access to collaborative opportunities and expert assistance from their team of quantum specialists. Xanadu targets a broad professional audience, including clients in the quantum computing, software development, and machine learning sectors, as well as advanced research and development professionals who utilize high-performance computing and quantum hardware. The company was established in 2016 and operates from its headquarters in Toronto, Canada.
Business History
Price Overview
Last updated: Jun 27, 2026 7:14am (just now)$11.18
-1.03 (-8.44%)
Day Range
$11.01 – $11.87
52-Week Range
$6.97 – $42.44
50-Day MA
$17.84
200-Day MA
$15.85
Volume
4,122,396.00
Analyst Price Targets
Low
$43.00
Consensus
$44.00
High
$45.00
(2 analysts)
Share Structure
Outstanding
22,640,000.00
Float
4,197,989.00
Free Float
18.5%
Low free float
— 18.5% of shares trade freely, ~81.5% held by insiders/institutions
Below average liquidity. Large orders can move the price significantly. Insiders or strategic holders control the majority — watch for lockup expirations or secondary offerings.
Small absolute float (4.2M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
69.88
Stock Price: $11.18
EPS (Diluted): 0.16
EPS (Diluted): 0.16
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.19
Stock Price: $11.18
Total Equity: $296.69M
Shares: 29,973,333
Total Equity: $296.69M
Shares: 29,973,333
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-2.17
Market Cap: $253.12M
Total Debt: $0.00
Cash: $367,345
EBITDA: -$63.93M
Total Debt: $0.00
Cash: $367,345
EBITDA: -$63.93M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$351.7M
Market Cap: $253.12M
Total Debt: $0.00
Cash: $367,345
Total Debt: $0.00
Cash: $367,345
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
76.25
Stock Price: $11.18
Revenue: $4.62M
Shares: 29,973,333
Revenue: $4.62M
Shares: 29,973,333
EV/Sales (Total value vs revenue — works when P/E can't)
API76.17
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
92.2%
Gross Profit: $4.26M
Revenue: $4.62M
Revenue: $4.62M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-1,501.5%
Operating Income: -$69.32M
Revenue: $4.62M
Revenue: $4.62M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-1,530.6%
Net Income: -$70.67M
Revenue: $4.62M
Revenue: $4.62M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-28.0%
Net Income: -$70.67M
Total Equity: $296.69M
Total Equity: $296.69M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-21.5%
Operating Income: -$69.32M
Tax Rate: 0.0%
Equity: $296.69M
Total Debt: $0.00
Cash: $367,345
Tax Rate: 0.0%
Equity: $296.69M
Total Debt: $0.00
Cash: $367,345
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.27
Current Assets: $554,850
Current Liabilities: $2.08M
Current Liabilities: $2.08M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $296.69M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $296.69M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$0.15
Revenue: $4.62M
Shares: 29,973,333
Shares: 29,973,333
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$9.90
Total Equity: $296.69M
Shares: 29,973,333
Shares: 29,973,333
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.09
Operating CF: -$2.73M
CapEx: $0.00
Shares: 29,973,333
CapEx: $0.00
Shares: 29,973,333
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $11.18
Stock Price: $11.18
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$70.67M
Net Income: -$70.67M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares XNDU against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 22, 2026 3:56am (5d ago)| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $2.5M | $1.6M | $4.6M |
| Cost of Revenue | $605,000 | $466,000 | $361,000 |
| Gross Profit | $1.9M | $1.1M | $4.3M |
| Operating Expenses | $43.6M | $51.7M | $73.6M |
| Operating Income | -$41.7M | -$50.6M | -$69.3M |
| Net Income | -$35.6M | -$46.0M | -$70.7M |
| EBITDA | -$31.1M | -$40.3M | -$63.9M |
| EPS | $-0.12 | $-0.15 | $0.16 |
| EPS (Diluted) | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 22, 2026 3:56am (5d ago)| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash & Equivalents | $117.5M | $77.6M | $367,345 |
| Total Current Assets | $123.6M | $90.4M | $554,850 |
| Total Assets | $151.0M | $116.8M | $310.8M |
| Current Liabilities | $3.1M | $5.4M | $2.1M |
| Long-Term Debt | $6.8M | $16.0M | $0 |
| Total Liabilities | $19.1M | $29.3M | $14.2M |
| Total Equity | $131.9M | $87.5M | $296.7M |
| Retained Earnings | -$89.7M | -$135.6M | -$13.5M |
Cash Flow (Annual)
Last updated: Jun 22, 2026 3:56am (5d ago)| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | -$29.5M | -$41.7M | -$2.7M |
| Capital Expenditure | -$10.4M | -$6.7M | $0 |
| Free Cash Flow | -$40.0M | -$48.4M | -$2.7M |
| Acquisitions (net) | $0 | $0 | $0 |
| Debt Repayment | — | — | — |
| Dividends Paid | — | — | — |
| Stock Buybacks | $0 | $0 | $0 |
| Net Change in Cash | -$34.5M | -$39.8M | $367,345 |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 7:14am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$9.8M $6.6M – $12.9M
|
$20.0M $20.0M – $20.0M
|
$95.6M $64.9M – $126.4M
|
$270.6M $183.6M – $357.7M
|
| EBITDA |
-$9.8M -$12.9M – -$6.6M
|
-$20.0M -$20.0M – -$20.0M
|
-$95.6M -$126.4M – -$64.9M
|
-$270.6M -$357.7M – -$183.6M
|
| Net Income |
-$37.0M -$52.5M – -$21.5M
|
-$68.0M -$96.5M – -$39.6M
|
-$61.7M -$87.6M – -$35.9M
|
-$39.9M -$56.5M – -$23.2M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 22, 2026 3:56am (5d ago)| Metric | 2024 | 2025 |
|---|---|---|
| Revenue Growth | -35.9% | +190.6% |
| Gross Profit Growth | -40.1% | +279.0% |
| Operating Income Growth | -21.3% | -37.0% |
| Net Income Growth | -29.2% | -53.7% |
| EBITDA Growth | -29.6% | -58.7% |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for XNDU — it's generated by the pipeline (
market-narrative step).
No community reviews yet for XNDU.
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30