HQ - Horizon Quantum Holdings Ltd. Class A Ordinary Shares
Price:
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PRICE TARGET:
$20.00
DETAILS
HIGH:
$20.00
LOW:
$20.00
MEDIAN:
$20.00
CONSENSUS:
$20.00
UPSIDE:
59.24%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||
| Revenue | 0 | 0 | 0 | 0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 0.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | (0.4) | 0 | 0 | 0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | ||||||||||||||||||
| R&D Expenses | 3.4 | 2.7 | 0 | 0 | 1.6 | 4.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 5.5 | 5.2 | 1.6 | 2.5 | 2.1 | 1.7 | 0.4 | 0.2 | 0.3 | 0.5 | 0.6 | 0.3 | 0.3 | 0.7 | 1.2 | 0.0 | 0.1 | 0.1 |
| Other Expenses | 0 | 0.4 | (0.0) | 0.0 | 0.2 | 0.2 | (0.4) | 0.1 | 0.2 | 0.1 | 0.4 | 0 | 0.1 | 0.1 | 0.2 | 0 | 0 | 0 |
| Operating Expenses | 8.8 | 8.4 | 1.6 | 2.6 | 3.9 | 6.4 | (0.0) | 0.4 | 0.6 | 0.6 | 1.0 | 0.3 | 0.3 | 0.8 | 1.4 | 0.0 | 0.1 | 0.1 |
| Operating Income | ||||||||||||||||||
| Operating Income | (9.3) | (8.4) | (1.6) | (2.6) | (3.9) | (6.4) | 0.0 | (0.4) | (0.6) | (0.6) | (1.0) | (0.3) | (0.3) | (0.8) | (1.4) | (0.0) | (0.1) | (0.1) |
| Interest Expense | 0.0 | 0.0 | 0 | 0 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0.3 | 0.4 | 0 | 0 | 0.4 | 0.4 | 0.4 | 0.5 | 1.2 | 1.2 | 0.0 | 0.0 | 0.0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||||
| EBITDA | (8.8) | (4.2) | (1.6) | (2.6) | (3.9) | (6.3) | 0.0 | (0.4) | (0.6) | (0.6) | (1.0) | (0.3) | (0.3) | (0.8) | (1.4) | (0.0) | (0.1) | (0.1) |
| EBIT | (9.3) | (4.6) | (1.6) | (2.6) | (4.1) | (6.5) | 0.0 | (0.4) | (0.6) | (0.6) | (1.0) | (0.3) | (0.3) | (0.8) | (1.4) | (0.0) | (0.1) | (0.1) |
| Income Before Tax | (148.9) | (4.6) | (7.7) | (1.1) | (4.1) | (6.5) | (0.6) | 0.4 | (0.1) | (0.2) | 1.0 | 0.1 | 1.8 | 0.9 | (3.0) | (0.0) | (0.1) | (0.1) |
| Income Tax Expense | 0 | 0 | (0.0) | 0.1 | 0 | 0 | 0.0 | 0.2 | 0.3 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.1 | 0 | 0 | 0 |
| Net Income | (148.9) | (4.6) | (7.7) | (1.2) | (4.1) | (6.5) | (0.6) | 0.2 | (0.4) | (0.2) | 0.9 | (0.1) | 1.6 | 0.7 | (3.2) | (0.0) | (0.1) | (0.1) |
| Per Share Data | ||||||||||||||||||
| EPS (Basic) | -2.84 | -1.17 | -1.95 | -0.31 | -1.05 | -1.66 | -0.16 | 0.05 | -0.11 | -0.06 | 0.11 | -0.01 | 0.20 | 0.09 | -0.40 | 0.00 | -0.01 | -0.01 |
| EPS (Diluted) | -2.84 | -1.17 | -1.95 | -0.31 | -1.05 | -1.66 | -0.16 | 0.05 | -0.11 | -0.06 | 0.11 | -0.01 | 0.20 | 0.09 | -0.40 | 0.00 | -0.01 | -0.01 |
| Shares Outstanding | 52.4 | 3.9 | 3.9 | 3.9 | 3.9 | 3.9 | 3.9 | 3.9 | 3.9 | 4.0 | 7.9 | 7.9 | 7.9 | 7.9 | 7.9 | 7.9 | 7.5 | 7.9 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||
| Cash & Cash Equivalents | 146.4 | 124.4 | 0.0 | 0.0 | 0.7 | 0.0 | 6.7 | 0.5 | 0.6 | 0.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | 0.1 | 0.0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 8.9 | 2.9 | 0 | 0 | 0.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 155.2 | 127.3 | 0.1 | 0.1 | 1.6 | 0.5 | 8.1 | 0.5 | 0.7 | 1.0 | 0.2 | 0.4 | 0.4 | 0.5 | 1.1 | 0.1 | 0.0 |
| Non-Current Assets | |||||||||||||||||
| Property, Plant & Equipment | 5.0 | 4.4 | 0 | 0 | 2.8 | 0 | 3.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0.0 | 0 | 0 | 0 | 0.0 | 0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0.4 | 0 | 35.1 | 35.0 | 0 | 35.3 | 0 | 32.2 | 33.4 | 34.1 | 89.4 | 91.2 | 89.0 | 86.9 | 87.1 | 0 | 0 |
| Other Non-Current Assets | 0.1 | 0.0 | 0 | 0 | 0.1 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.6 | 0.4 |
| Total Non-Current Assets | 5.5 | 4.5 | 35.1 | 35.0 | 3.0 | 35.3 | 3.9 | 32.2 | 33.4 | 34.1 | 89.4 | 91.2 | 89.0 | 86.9 | 87.1 | 0.6 | 0.4 |
| Total Assets | 160.8 | 131.7 | 35.3 | 35.1 | 4.6 | 35.7 | 12.0 | 32.7 | 34.1 | 35.1 | 89.6 | 91.7 | 89.4 | 87.4 | 88.1 | 0.7 | 0.5 |
| Current Liabilities | |||||||||||||||||
| Account Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0.4 | 0 | 1.5 | 1.4 | 0 | 1.1 | 0 | 0.6 | 0.5 | 0.3 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0.1 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 4.2 | 0 | 9.1 | 7.6 | 0 | 3.8 | 0 | 2.2 | 2.0 | 2.5 | 2.2 | 1.3 | 1.0 | 1.0 | 0.8 | 0.6 | 0.4 |
| Total Current Liabilities | 4.6 | 4.1 | 10.7 | 9.0 | 0.6 | 4.9 | 1.1 | 3.3 | 2.9 | 3.5 | 2.9 | 2.0 | 1.4 | 1.4 | 0.9 | 0.8 | 0.5 |
| Non-Current Liabilities | |||||||||||||||||
| Long-Term Debt | 0 | 0 | 1.2 | 1.2 | 0 | 1.3 | 0 | 1.2 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 99.2 | 19.7 | 23.0 | 16.7 | 0 | 10.7 | 0 | 3.7 | 4.2 | 4.2 | 4.1 | 5.1 | 4.3 | 5.4 | 6.3 | 0 | 0 |
| Total Non-Current Liabilities | 99.3 | 19.7 | 24.3 | 17.9 | 0.2 | 12.0 | 0.5 | 4.9 | 5.5 | 5.5 | 5.4 | 6.4 | 5.6 | 6.7 | 7.6 | 0 | 0 |
| Total Liabilities | 103.9 | 23.7 | 34.9 | 26.9 | 0.8 | 16.8 | 1.5 | 8.2 | 8.4 | 9.0 | 8.2 | 8.4 | 6.9 | 8.0 | 8.5 | 0.8 | 0.5 |
| Stockholders' Equity | |||||||||||||||||
| Common Stock | 241.9 | 145.3 | 35.0 | 34.9 | 0.0 | 35.1 | 0.0 | 31.1 | 32.5 | 32.6 | 88.1 | 90.3 | 88.4 | 86.1 | 86.6 | 0.0 | 0.0 |
| Retained Earnings | (197.0) | (47.9) | (34.7) | (26.7) | (24.9) | (16.2) | (21.6) | (6.6) | (6.8) | (6.5) | (6.7) | (7.0) | (6.0) | (6.8) | (7.0) | (0.1) | (0.1) |
| Accumulated Other Comprehensive Income | 0.4 | 0.3 | 0 | 0 | 0.1 | 0 | (0.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 56.9 | 108.0 | 0.3 | 8.2 | 3.8 | 18.9 | 10.4 | 24.5 | 25.7 | 26.1 | 81.4 | 83.3 | 82.4 | 79.3 | 79.6 | (0.0) | (0.0) |
| Total Liabilities & Equity | 160.8 | 131.7 | 35.3 | 35.1 | 4.6 | 35.7 | 12.0 | 32.7 | 34.1 | 35.1 | 89.6 | 91.7 | 89.4 | 87.4 | 88.1 | 0.7 | 0.5 |
| Debt Metrics | |||||||||||||||||
| Total Debt | 0.5 | 0.5 | 2.8 | 2.6 | 0.5 | 2.3 | 0.8 | 1.8 | 1.7 | 1.5 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 0.2 | 0.1 |
| Net Debt | (145.9) | (123.9) | 2.8 | 2.6 | (0.2) | 2.3 | (5.8) | 1.4 | 1.2 | 0.7 | 1.3 | 1.3 | 1.3 | 1.3 | 1.0 | 0.2 | 0.1 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q2 | 2022 Q4 | 2022 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Net Income | (148.9) | (4.6) | (7.7) | (1.2) | (8.1) | (6.5) | (0.6) | 0.2 | (0.4) | (0.2) | 1.6 | (3.2) | (0.0) |
| Depreciation & Amortization | 0.4 | 0.4 | 0 | 0 | 0 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 1.1 | 0 | 0 | 0 | 3.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 0.6 | 1.5 | 0.9 | 2.5 | 0.8 | (0.2) | (0.4) | 0.5 | (0.9) | 0.5 | 0.0 | 0.1 | 0 |
| Other Non-Cash Items | 141.3 | (3.8) | 7.3 | (1.3) | 7.3 | 0.3 | 0.9 | (0.7) | (0.3) | (0.3) | (2.1) | 1.6 | 0.0 |
| Operating Cash Flow | (6.6) | (5.4) | 0.5 | 0 | (0.0) | (2.2) | (0.1) | (0.0) | (1.7) | (0.1) | (0.5) | (1.4) | 0.0 |
| Investing Activities | |||||||||||||
| Capital Expenditure | (7.1) | (0.1) | (0.0) | 0 | 0 | (0.2) | 0 | (0.0) | 0 | 0 | 0 | 0.0 | (0.0) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | (0.1) | (0.2) | (0.2) | 0 | (0.2) | (0.2) | (0.2) | (0.3) | 0 | (86.3) | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 56.8 | 0 | 0 | 0 |
| Other Investing Activities | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.4 | 1.2 | 0.4 | 0 | 0 |
| Investing Cash Flow | (7.0) | (0.1) | 0.1 | (0.2) | (0.2) | (0.2) | (0.2) | (0.2) | 1.2 | 57.7 | 0.4 | (86.3) | 0 |
| Financing Activities | |||||||||||||
| Net Debt Issuance | 0 | 3.2 | 0.1 | 0.2 | 0.2 | 0 | (0.7) | 0.2 | 0.2 | 0.3 | 0 | 1.1 | 0.1 |
| Stock Repurchased | 0 | 0 | (0.2) | 0 | 0 | 0 | (57.4) | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 126.9 | 126.4 | (0.5) | 0 | 0 | 0 | 0.9 | 0 | 0 | (0.2) | 0.1 | 0 | 0.1 |
| Financing Cash Flow | 35.1 | 129.6 | (0.6) | 0.2 | 0.2 | 0 | 0.2 | 0.2 | 0.2 | (56.8) | 0.1 | 88.0 | 0.0 |
| Cash Position | |||||||||||||
| Net Change in Cash | 21.5 | 124.1 | (0.0) | 0 | (0.0) | (2.5) | (0.1) | (0.0) | (0.3) | 0.8 | (0.0) | 0.3 | 0.0 |
| Cash at Beginning | 124.8 | 0.3 | 0.0 | 0.0 | 0.0 | 6.5 | 0.5 | 0.5 | 0.8 | 0.0 | 0.0 | 0.1 | 0.0 |
| Cash at End | 146.4 | 124.4 | 0.0 | 0.0 | 0.0 | 4.0 | 0.4 | 0.5 | 0.6 | 0.8 | 0.0 | 0.3 | 0.1 |
| Free Cash Flow | (13.7) | (5.5) | 0.5 | 0 | (0.0) | (2.4) | (0.1) | (0.0) | (1.7) | (0.1) | (0.5) | (1.4) | 0 |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||
| Revenue | 0 | 0 | 0 | 0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | (0.4) | 0 | 0 | 0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | (9.3) | (8.4) | (1.6) | (2.6) | (3.9) | (6.4) | 0.0 | (0.4) | (0.6) | (0.6) | (1.0) | (0.3) | (0.3) | (0.8) | (1.4) | (0.0) | (0.1) | (0.1) |
| Net Income | (148.9) | (4.6) | (7.7) | (1.2) | (4.1) | (6.5) | (0.6) | 0.2 | (0.4) | (0.2) | 0.9 | (0.1) | 1.6 | 0.7 | (3.2) | (0.0) | (0.1) | (0.1) |
| EPS (Diluted) | -2.84 | -1.17 | -1.95 | -0.31 | -1.05 | -1.66 | -0.16 | 0.05 | -0.11 | -0.06 | 0.11 | -0.01 | 0.20 | 0.09 | -0.40 | 0.00 | -0.01 | -0.01 |
| Balance Sheet | ||||||||||||||||||
| Cash & Equivalents | 146.4 | 124.4 | 0.0 | 0.0 | 0.7 | 0.0 | 6.7 | 0.5 | 0.6 | 0.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | 0.1 | 0.0 | |
| Total Assets | 160.8 | 131.7 | 35.3 | 35.1 | 4.6 | 35.7 | 12.0 | 32.7 | 34.1 | 35.1 | 89.6 | 91.7 | 89.4 | 87.4 | 88.1 | 0.7 | 0.5 | |
| Total Debt | 0.5 | 0.5 | 2.8 | 2.6 | 0.5 | 2.3 | 0.8 | 1.8 | 1.7 | 1.5 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 0.2 | 0.1 | |
| Stockholders' Equity | 56.9 | 108.0 | 0.3 | 8.2 | 3.8 | 18.9 | 10.4 | 24.5 | 25.7 | 26.1 | 81.4 | 83.3 | 82.4 | 79.3 | 79.6 | (0.0) | (0.0) | |
| Cash Flow | ||||||||||||||||||
| Operating Cash Flow | (6.6) | (5.4) | 0.5 | 0 | (0.0) | (2.2) | (0.1) | (0.0) | (1.7) | (0.1) | (0.5) | (1.4) | 0.0 | |||||
| Capital Expenditure | (7.1) | (0.1) | (0.0) | 0 | 0 | (0.2) | 0 | (0.0) | 0 | 0 | 0 | 0.0 | (0.0) | |||||
| Free Cash Flow | (13.7) | (5.5) | 0.5 | 0 | (0.0) | (2.4) | (0.1) | (0.0) | (1.7) | (0.1) | (0.5) | (1.4) | 0 | |||||