Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (XNDU) balance sheet
NASDAQ · Technology · Software - Infrastructure · 252 employees · CEO Christian Weedbrook
- Price
- $2.89 -7.07%
- Market cap
- $161M
- Enterprise value
- -CA$136M
- Last report
- Q2 '26 filed 2026-08-05
- Next report
- 2026-12-02
At the end of Q2 '26 Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (XNDU) held CA$444M in cash and short-term investments against CA$84.1M of debt incl. leases. Total assets CA$546M, total liabilities CA$101M, shareholders' equity CA$445M.
Balance sheet
| Balance sheet | Trend | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & equivalents | CA$77.6M | CA$20.9K | CA$1.49M | CA$36.1M | CA$367K | CA$272M | CA$444M | |
| Receivables | CA$1.26M | CA$0 | CA$0 | CA$1.65M | CA$0 | CA$3.67M | CA$4.87M | |
| Inventory | CA$3.2M | CA$0 | CA$0 | CA$9.08M | CA$0 | CA$6.11M | CA$8.13M | |
| Other current assets | CA$1.57M | CA$0 | CA$0 | CA$3.71M | CA$0 | CA$3.31M | CA$5.66M | |
| Current assets | CA$90.4M | CA$26.2K | CA$1.73M | CA$57.2M | CA$555K | CA$290M | CA$471M | |
| Property, plant & equipment (net) | CA$22.9M | CA$0 | CA$0 | CA$25.4M | CA$0 | CA$23.8M | CA$60.6M | |
| Long-term investments | CA$0 | CA$0 | CA$303M | CA$0 | CA$310M | CA$0 | CA$0 | |
| Intangible assets | CA$3.53M | CA$0 | CA$0 | CA$4.78M | CA$0 | CA$4.84M | CA$7.03M | |
| Other non-current assets | CA$0 | CA$389K | CA$131K | CA$0 | CA$50K | CA$0 | CA$7.44M | |
| Non-current assets | CA$26.4M | CA$389K | CA$303M | CA$30.1M | CA$310M | CA$28.6M | CA$75M | |
| Total assets | CA$117M | CA$0 | CA$305M | CA$87.3M | CA$311M | CA$319M | CA$546M | |
| Liabilities | ||||||||
| Accounts payable | CA$1.65M | CA$0 | CA$0 | CA$2.76M | CA$0 | CA$2.9M | CA$2.19M | |
| Accrued expenses | CA$2.17M | CA$0 | CA$0 | CA$4.35M | CA$0 | CA$3.28M | CA$9.55M | |
| Short-term debt | CA$0 | CA$215K | CA$0 | CA$0 | CA$0 | CA$0 | CA$188K | |
| Deferred revenue | CA$309K | CA$0 | CA$0 | CA$1.51M | CA$0 | CA$5.83M | CA$5.01M | |
| Other current liabilities | CA$258K | CA$251K | CA$243K | CA$1.06M | CA$2.08M | CA$7.16M | CA$0 | |
| Current liabilities | CA$5.38M | CA$466K | CA$243K | CA$10.7M | CA$2.08M | CA$20.2M | CA$18.4M | |
| Long-term debt | CA$16M | CA$0 | CA$0 | CA$25.9M | CA$0 | CA$30M | CA$46.1M | |
| Lease obligations (non-current) | CA$7.88M | CA$0 | CA$0 | CA$7.35M | CA$0 | CA$6.8M | CA$36.3M | |
| Deferred revenue (non-current) | CA$0 | CA$0 | CA$12M | CA$0 | CA$12.1M | CA$0 | CA$0 | |
| Other non-current liabilities | CA$0 | -CA$126M | CA$0 | CA$0 | CA$0 | CA$0 | CA$0 | |
| Non-current liabilities | CA$23.9M | -CA$126M | CA$12M | CA$33.2M | CA$12.1M | CA$36.8M | CA$82.4M | |
| Total liabilities | CA$29.3M | -CA$126M | CA$12.3M | CA$43.9M | CA$14.2M | CA$57.1M | CA$101M | |
| Equity | ||||||||
| Common stock & paid-in capital | CA$7.4M | CA$0 | CA$303M | CA$7.52M | CA$310M | CA$478M | CA$805M | |
| Retained earnings | -CA$136M | CA$0 | -CA$10.4M | -CA$183M | -CA$13.5M | -CA$228M | -CA$384M | |
| Accumulated other comprehensive income | -CA$3.21M | -CA$181M | CA$0 | -CA$2.51M | CA$0 | -CA$208K | CA$350K | |
| Shareholders' equity | CA$87.5M | CA$126M | CA$293M | CA$43.4M | CA$297M | CA$262M | CA$445M | |
| Debt | ||||||||
| Total debt (incl. leases) | CA$24.9M | CA$215K | CA$0 | CA$34.3M | CA$0 | CA$37.9M | CA$84.1M | |
| Net debt (debt - cash) | -CA$52.7M | CA$194K | -CA$1.49M | -CA$1.83M | -CA$367K | -CA$235M | -CA$360M | |
| Balance sheet | Trend | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Assets | ||||
| Cash & equivalents | CA$117M | CA$77.6M | CA$367K | |
| Receivables | CA$1.45M | CA$1.26M | CA$0 | |
| Inventory | CA$11K | CA$3.2M | CA$0 | |
| Other current assets | CA$1.65M | CA$1.57M | CA$0 | |
| Current assets | CA$124M | CA$90.4M | CA$555K | |
| Property, plant & equipment (net) | CA$24.4M | CA$22.9M | CA$0 | |
| Long-term investments | CA$0 | CA$0 | CA$310M | |
| Intangible assets | CA$2.98M | CA$3.53M | CA$0 | |
| Other non-current assets | CA$0 | CA$0 | CA$50K | |
| Non-current assets | CA$27.4M | CA$26.4M | CA$310M | |
| Total assets | CA$151M | CA$117M | CA$311M | |
| Liabilities | ||||
| Accounts payable | CA$420K | CA$1.65M | CA$0 | |
| Accrued expenses | CA$1.36M | CA$2.17M | CA$0 | |
| Deferred revenue | CA$39K | CA$309K | CA$0 | |
| Other current liabilities | CA$270K | CA$258K | CA$2.08M | |
| Current liabilities | CA$3.1M | CA$5.38M | CA$2.08M | |
| Long-term debt | CA$6.81M | CA$16M | CA$0 | |
| Lease obligations (non-current) | CA$9.18M | CA$7.88M | CA$0 | |
| Deferred revenue (non-current) | CA$0 | CA$0 | CA$12.1M | |
| Non-current liabilities | CA$16M | CA$23.9M | CA$12.1M | |
| Total liabilities | CA$19.1M | CA$29.3M | CA$14.2M | |
| Equity | ||||
| Common stock & paid-in capital | CA$7.29M | CA$7.4M | CA$310M | |
| Retained earnings | -CA$89.7M | -CA$136M | -CA$13.5M | |
| Accumulated other comprehensive income | -CA$1.78M | -CA$3.21M | CA$0 | |
| Shareholders' equity | CA$132M | CA$87.5M | CA$297M | |
| Debt | ||||
| Total debt (incl. leases) | CA$17M | CA$24.9M | CA$0 | |
| Net debt (debt - cash) | -CA$100M | -CA$52.7M | -CA$367K | |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CAD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings.
Data as of 2026-11-02 · Amounts in CAD as reported; price and market cap in USD.