Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (XNDU) income statement
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
Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (XNDU) reported revenue of CA$2.15M for Q2 '26 (– year on year), operating income of -CA$42.6M (-1,984.8% of revenue) and net income of -CA$59.8M. Over the last four quarters revenue was CA$7.84M.
Income statement
| Income statement | Trend | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CA$268K | CA$357K | CA$482K | CA$711K | CA$699K | CA$0 | CA$987K | CA$1.88M | CA$2.83M | CA$2.15M | |
| Cost of revenue | CA$11.5K | CA$10.9K | CA$42K | CA$407K | CA$49K | CA$0 | CA$52K | CA$199K | CA$113K | CA$182K | |
| Gross profit | CA$257K | CA$346K | CA$440K | CA$304K | CA$650K | CA$0 | CA$935K | CA$1.68M | CA$2.72M | CA$1.97M | |
| Research & development | CA$14.6M | CA$15.5M | CA$8.82M | CA$8.83M | CA$10M | CA$0 | CA$15.3M | CA$16.9M | CA$17.3M | CA$28M | |
| Sales & marketing | CA$387K | CA$358K | CA$279K | CA$200K | CA$228K | CA$0 | CA$263K | CA$327K | CA$1.4M | CA$777K | |
| General & administrative | CA$2.36M | CA$2.28M | CA$1.63M | CA$1.75M | CA$1.91M | CA$0 | CA$4M | CA$7.32M | CA$9.76M | CA$15.7M | |
| Other operating expenses | CA$677K | CA$769K | CA$1.21M | CA$1.27M | CA$1.27M | CA$0 | CA$2.07M | -CA$2.55M | -CA$2.52M | CA$75.3K | |
| Operating expenses | CA$18.8M | CA$19.7M | CA$11.9M | CA$12M | CA$13.4M | CA$199K | CA$21.6M | CA$22M | CA$26M | CA$44.6M | |
| Operating income | -CA$18.5M | -CA$19.4M | -CA$11.5M | -CA$11.7M | -CA$12.8M | -CA$199K | -CA$20.7M | -CA$20.3M | -CA$23.3M | -CA$42.6M | |
| Interest income | CA$0 | CA$0 | CA$0 | CA$0 | CA$0 | CA$1.42M | CA$0 | CA$0 | CA$0 | CA$0 | |
| Other non-operating income (gains on investments, FX ...) | CA$0 | CA$0 | -CA$1.06M | -CA$886K | CA$0 | -CA$1.42M | -CA$398K | CA$2.69M | -CA$2.66M | CA$0 | |
| Total non-operating income | CA$1.82M | CA$1.66M | CA$1.06M | CA$886K | CA$560K | CA$1.42M | CA$398K | -CA$2.69M | CA$2.66M | -CA$17.1M | |
| Income before tax | -CA$16.7M | -CA$17.7M | -CA$10.4M | -CA$10.9M | -CA$12.2M | CA$1.22M | -CA$20.3M | -CA$23M | -CA$20.6M | -CA$59.8M | |
| Net income | -CA$16.7M | -CA$17.7M | -CA$10.4M | -CA$10.9M | -CA$12.2M | CA$1.22M | -CA$20.3M | -CA$23M | -CA$20.6M | -CA$59.8M | |
| EPS (basic) | -CA$3.40 | -CA$3.60 | -CA$0.04 | CA$0.00 | -CA$0.04 | CA$0.06 | -CA$0.68 | -CA$0.77 | -CA$0.69 | -CA$1.99 | |
| EPS (diluted) | -CA$3.40 | -CA$3.60 | -CA$0.04 | CA$0.00 | -CA$0.04 | CA$0.06 | -CA$0.68 | -CA$0.77 | -CA$0.69 | -CA$1.99 | |
| Shares (basic, weighted) | 4.91M | 4.91M | 298M | 298M | 298M | 30M | 30M | 30M | 30M | 30M | |
| Shares (diluted, weighted) | 4.91M | 4.91M | 298M | 298M | 298M | 30M | 30M | 30M | 30M | 30M | |
| Depreciation & amortization | CA$1.6M | CA$1.61M | CA$2.02M | CA$1.43M | CA$1.5M | CA$0 | CA$744K | CA$1.95M | CA$1.78M | CA$2.82M | |
| EBITDA | -CA$16.9M | -CA$17.7M | -CA$8.41M | -CA$9.42M | -CA$11.3M | CA$1.22M | -CA$19.6M | -CA$21.1M | -CA$18.8M | -CA$39.8M |
| Income statement | Trend | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | CA$2.48M | CA$1.59M | CA$4.62M | |
| Cost of revenue | CA$605K | CA$466K | CA$361K | |
| Gross profit | CA$1.87M | CA$1.12M | CA$4.26M | |
| Research & development | CA$35.7M | CA$39.2M | CA$55.2M | |
| Sales & marketing | CA$607K | CA$1.05M | CA$1.19M | |
| General & administrative | CA$6.03M | CA$6.86M | CA$15.4M | |
| Other operating expenses | CA$1.21M | CA$4.58M | CA$1.74M | |
| Operating expenses | CA$43.6M | CA$51.7M | CA$73.6M | |
| Operating income | -CA$41.7M | -CA$50.6M | -CA$69.3M | |
| Interest income | CA$0 | CA$0 | CA$8.37M | |
| Other non-operating income (gains on investments, FX ...) | -CA$6.11M | -CA$4.63M | CA$1.35M | |
| Total non-operating income | CA$6.11M | CA$4.63M | -CA$1.35M | |
| Income before tax | -CA$35.6M | -CA$46M | -CA$70.7M | |
| Net income | -CA$35.6M | -CA$46M | -CA$70.7M | |
| EPS (basic) | -CA$0.12 | -CA$0.15 | -CA$2.36 | |
| EPS (diluted) | -CA$0.12 | -CA$0.15 | -CA$2.36 | |
| Shares (basic, weighted) | 298M | 298M | 30M | |
| Shares (diluted, weighted) | 298M | 298M | 30M | |
| Depreciation & amortization | CA$4.52M | CA$5.68M | CA$6.7M | |
| EBITDA | -CA$31.1M | -CA$40.3M | -CA$64M |
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.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe 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.