Xanadu Quantum Technologies (XNDU)
Develops light-based quantum hardware alongside the open-source PennyLane programming platform.
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Develops photonic quantum hardware and open-source PennyLane software for quantum programming. Revenue has primarily come from professional services and compute-related services within a single reportable segment.
Builds photonic quantum-computing hardware designed to operate at room temperature alongside PennyLane, its open-source software platform for quantum programming. The Toronto-founded company has described Aurora as a modular, networked photonic system, while its technology objective is to build fault-tolerant systems using light. Its earlier product direction included cloud access to photonic quantum computing.
Revenue has primarily come from professional services and compute-related services, with operations reported in one segment. Continued technical development, customer adoption, and financing remain documented needs of the development-stage business.
Current public issuer was created for the business combination that placed its Class B shares on Nasdaq and the Toronto Stock Exchange.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $316.0M · Total debt $59.8M · Total assets $388.0M · Shareholders' equity $316.3M
- Revenue
- $1.5M
- Operating income
- −$30.3M
- Net income
- −$42.5M
Reported in CAD, converted at the latest exchange rate
No dividends on record.
| Institutions | 252.20% | 57.10M shares | |
|---|---|---|---|
| 83 holders · as of Jun 30, 2026 | |||
| Adds to | 252.20% | ||
22.64M company shares as of Aug 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
These groups come from separate filings that can overlap, so they add to 252.20%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Deer Management Co. LLCInstitution | 100.64% | 22.79M | as of Jun 30, 2026 |
Capricorn Investment Group LLCInstitution | 48.94% | 11.08M | as of Jun 30, 2026 |
Defiance Etfs, LLCInstitution | 25.17% | 5.70M | as of Jun 30, 2026 |
Penserra Capital Management LLCInstitution | 24.98% | 5.66M | as of Jun 30, 2026 |
Stepstone Group LPInstitution | 15.10% | 3.42M | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Xanadu Quantum Technologies | $5.87 | +1.82% | $166.9M | — | — | 29.9 | — |
| IonQ | $44.54 | +9.33% | $15.12B | — | — | 61.3 | +286.8% |
| IBM | $232.00 | +0.30% | $218.51B | 20.5 | 18.1 | 3.2 | +1.1% |
| Rigetti Computing | $17.16 | +3.84% | $5.49B | — | — | 411.5 | +185.3% |
| D-Wave Quantum | $18.21 | +3.67% | $6.50B | — | — | 523.2 | −0.6% |
| Median | 20.5 | 18.1 | 236.4 | +93.2% |