Xanadu Quantum Technologies Limited (XNDU) Stock Analysis
Technology · Software - Infrastructure · NasdaqGM
Xanadu Quantum Technologies Limited (XNDU) posted $4.62M in revenue for fiscal 2025 (up 190.6% year over year), with a net loss of $70.67M, and has compounded revenue about 36.5%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Xanadu Quantum Technologies Limited
Xanadu Quantum Technologies Limited has grown revenue from $2.48M to $4.62M over the last 3 fiscal years, compounding about 36.5% a year. The most recent year was up 190.6%, so growth is actually accelerating.
Net margin sits at -1530.6%, up 1362.3 points year over year on a 92.2% gross margin. It carries about $30.00M of total debt.
The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from Xanadu Quantum Technologies Limited's SEC filings — descriptive, not advice. Ask the analyst your own question →
Xanadu Quantum Technologies Limited revenue & earnings — last 3 fiscal years
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $2.48M | $1.59M | $4.62M |
| Gross profit | $1.87M | $1.12M | $4.26M |
| Net income | $-35.59M | $-45.97M | $-70.67M |
| Net margin | -1435.7% | -2892.9% | -1530.6% |
Source: Xanadu Quantum Technologies Limited SEC filings (10-K).
Xanadu Quantum Technologies Limited: 3 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 652.7% while revenue rose 190.6% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
- Debt with negative operating cash flowCarries $30M of debt while last year's operating cash flow was negative ($-68M).
- Currently unprofitableThe latest fiscal year was a net loss (net margin -1530.6%).
Explore 3 years of Xanadu Quantum Technologies Limited financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Xanadu Quantum Technologies Limited financial history by metric
About Xanadu Quantum Technologies Limited
Xanadu Quantum Technologies Limited develops and provides photonic quantum computing technology and related software solutions and applications, including cloud-based access to quantum computers and tools for quantum programming and simulation. The company provides access to photonic quantum computers through x-series devices available via the cloud, supporting programmable quantum gates and photon-number resolving detectors. It offers Pennylane, a cross-platform python library that enables a paradigm and quantum differentiable programming that enables integration with machine learning tools; and Catalyst for just-in-time compilation and optimization of quantum algorithms. It also provides users with access to documentation, guides, and community-led resources for quantum machine learning, quantum chemistry simulations, and other quantum computing applications, along with collaboration and support from a team of quantum experts. The company serves professional clients in the quantum computing, software development, and machine learning sectors, as well as advanced users in research and development, including those utilizing high-performance computing and quantum hardware. Xanadu Quantum Technologies Limited was incorporated in 2016 and is based in Toronto, Canada.
Xanadu Quantum Technologies Limited — frequently asked questions
What is Xanadu Quantum Technologies Limited's revenue?
Xanadu Quantum Technologies Limited (XNDU) reported revenue of $4.62M for fiscal year 2025, up 190.6% from the prior year, according to its SEC filings.
Is Xanadu Quantum Technologies Limited profitable?
No — XNDU reported a net loss of $-70.67M in fiscal 2025.
What is XNDU's P/E ratio?
Xanadu Quantum Technologies Limited trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Xanadu Quantum Technologies Limited growing?
XNDU's revenue grew at roughly 36.5% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Xanadu Quantum Technologies Limited have?
As of fiscal year 2025, XNDU carried roughly $30.00M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Xanadu Quantum Technologies Limited's gross margin?
XNDU's gross margin was 92.2% in fiscal 2025 — gross profit of $4.26M on revenue of $4.62M.
What is Xanadu Quantum Technologies Limited's market cap?
Xanadu Quantum Technologies Limited (XNDU) has a market capitalization of about $3.57B, based on the latest data in our nightly-refreshed cache.
When does Xanadu Quantum Technologies Limited's fiscal year end?
XNDU's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Xanadu Quantum Technologies Limited's official SEC filings (10-K and 10-Q), covering 3 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.