Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares logo XNDU - Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares

Price: -- -- | PRICE TARGET: $44.00 DETAILS
HIGH: $45.00
LOW: $43.00
MEDIAN: $44.00
CONSENSUS: $44.00
UPSIDE: 328.02%
Annual Quarterly
Metric 2025 2024 2023
Revenue
Revenue 4.6 1.6 2.5
Cost of Revenue 0.4 0.5 0.6
Gross Profit 4.3 1.1 1.9
Operating Expenses
R&D Expenses 55.2 39.2 35.7
SG&A Expenses 16.6 7.9 6.6
Other Expenses 1.7 4.6 1.2
Operating Expenses 73.6 51.7 43.6
Operating Income
Operating Income (69.3) (50.6) (41.7)
Interest Expense 0 0 0
Interest Income 8.4 0 0
Profitability
EBITDA (63.9) (40.3) (31.1)
EBIT (70.7) (46.0) (35.6)
Income Before Tax (70.7) (46.0) (35.6)
Income Tax Expense 0 0 0
Net Income (70.7) (46.0) (35.6)
Per Share Data
EPS (Basic) 0.16 -0.15 -0.12
EPS (Diluted) 0.16 -0.15 -0.12
Shares Outstanding 30.0 298.0 298.0
Metric 2025 2024 2023
Current Assets
Cash & Cash Equivalents 0.4 77.6 117.5
Short-Term Investments 0 0 0
Net Receivables 0 1.3 1.5
Inventory 0 3.2 0.0
Other Current Assets 0 1.6 1.6
Total Current Assets 0.6 90.4 123.6
Non-Current Assets
Property, Plant & Equipment 0 22.9 24.4
Goodwill 0 0 0
Intangible Assets 0 3.5 3.0
Long-Term Investments 310.2 0 0
Other Non-Current Assets 0.0 0 0
Total Non-Current Assets 310.3 26.4 27.4
Total Assets 310.8 116.8 151.0
Current Liabilities
Account Payables 0 1.7 0.4
Short-Term Debt 0 0 0
Deferred Revenue 0 0.3 0.0
Other Current Liabilities 2.1 0.3 0.3
Total Current Liabilities 2.1 5.4 3.1
Non-Current Liabilities
Long-Term Debt 0 16.0 6.8
Deferred Tax Liabilities 0 0 0
Other Non-Current Liabilities 0 0 0
Total Non-Current Liabilities 12.1 23.9 16.0
Total Liabilities 14.2 29.3 19.1
Stockholders' Equity
Common Stock 310.2 7.4 7.3
Retained Earnings (13.5) (135.6) (89.7)
Accumulated Other Comprehensive Income 0 (3.2) (1.8)
Total Stockholders' Equity 296.7 87.5 131.9
Total Liabilities & Equity 310.8 116.8 151.0
Debt Metrics
Total Debt 0 24.9 17.0
Net Debt (0.4) (52.7) (100.5)
Metric 2025 2024 2023
Operating Activities
Net Income 4.9 (46.0) (35.6)
Depreciation & Amortization 0 5.7 4.5
Stock-Based Compensation 0 2.9 2.2
Change in Working Capital 0.8 (5.4) (2.2)
Other Non-Cash Items (8.4) 1.1 1.6
Operating Cash Flow (2.7) (41.7) (29.5)
Investing Activities
Capital Expenditure 0 (6.7) (10.4)
Acquisitions 0 0 0
Purchases of Investments (301.9) 0 0
Sales/Maturities of Investments 0 0 0
Other Investing Activities 0 (1.9) (1.1)
Investing Cash Flow (301.9) (6.7) (10.0)
Financing Activities
Net Debt Issuance (0.1) 9.2 4.2
Stock Repurchased 0 0 0
Dividends Paid 0 0 0
Other Financing Activities 1.0 0.1 0.1
Financing Cash Flow 305.0 9.3 4.3
Cash Position
Net Change in Cash 0.4 (39.8) (34.5)
Cash at Beginning 0 117.5 152.0
Cash at End 0.4 77.6 117.5
Free Cash Flow (2.7) (48.4) (40.0)
Key Metrics 2025 2024 2023
Income Statement
Revenue 4.6 1.6 2.5
Gross Profit 4.3 1.1 1.9
Operating Income (69.3) (50.6) (41.7)
Net Income (70.7) (46.0) (35.6)
EPS (Diluted) 0.16 -0.15 -0.12
Balance Sheet
Cash & Equivalents 0.4 77.6 117.5
Total Assets 310.8 116.8 151.0
Total Debt 0 24.9 17.0
Stockholders' Equity 296.7 87.5 131.9
Cash Flow
Operating Cash Flow (2.7) (41.7) (29.5)
Capital Expenditure 0 (6.7) (10.4)
Free Cash Flow (2.7) (48.4) (40.0)