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Horizon Quantum Holdings
(NASDAQ:HQ)
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Rating:50Neutral
Price Target:
$15.50
▼(-12.18% Downside)
Action:Reiterated
Date:08/22/26
HQ’s score is primarily held back by very weak financial performance—effectively zero TTM revenue, large ongoing net losses, and persistent negative operating and free cash flow—despite low current leverage. Technicals provide a partial offset with the stock trading above most key moving averages and a neutral RSI, but mixed momentum indicators and loss-driven valuation (negative P/E and no dividend data) keep the overall score around the midpoint.
Positive Factors
Cash runway
The higher cash balance gives Horizon Quantum more capacity to fund research, product development, and testbed expansion over the next several quarters. This financial runway can help management pursue its technology roadmap without relying immediately on additional external financing.
Negative Factors
Pre-revenue business
The absence of meaningful revenue means Horizon Quantum has not yet demonstrated commercial scale or recurring customer monetization. This leaves future funding and strategic progress dependent on converting technology and testbed activity into sustainable demand over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash runway
The higher cash balance gives Horizon Quantum more capacity to fund research, product development, and testbed expansion over the next several quarters. This financial runway can help management pursue its technology roadmap without relying immediately on additional external financing.
Read all positive factors
Horizon Quantum Holdings (HQ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$839.81M
Dividend YieldN/A
Average Volume (3M)279.33K
Price to Earnings (P/E)―
Beta (1Y)0.84
Revenue GrowthN/A
EPS Growth-40.82%
CountryUS
Employees25
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-32.85
Shares Outstanding34,227,493
10 Day Avg. Volume241,838
30 Day Avg. Volume279,334
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)184.31
Price to Sales (P/S)1178.68
P/FCF Ratio-130.17
Enterprise Value/Market Cap<0.01
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$20.50Price Target Upside16.15% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.43
Revenue Forecast (FY)N/A
Horizon Quantum Holdings Business Overview & Revenue Model
Company Description
dMY Squared is a company dedicated to facilitating the successful debut of future industry leaders and their ventures on public stock exchanges. The organization endeavors to broaden investor participation in innovative, market-defining companies ...
How the Company Makes Money
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Horizon Quantum Holdings Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
55
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 50.00K | 361.56K | 50.09K | 0.00 |
| Gross Profit | 0.00 | 50.00K | 361.56K | 50.09K | 0.00 |
| EBITDA | -123.52M | -21.00M | -6.61M | ― | -1.46M |
| Net Income | -128.68M | -23.07M | -7.52M | -5.19M | -3.21M |
Balance Sheet | |||||
| Total Assets | 160.76M | 35.26M | 11.95M | 17.99M | 88.15M |
| Cash, Cash Equivalents and Short-Term Investments | 146.37M | 100.00 | 6.65M | 16.54M | 320.99K |
| Total Debt | 474.98K | 2.75M | 812.12K | 27.31K | 1.28M |
| Total Liabilities | 103.87M | 34.94M | 1.52M | 225.86K | 8.51M |
| Stockholders Equity | 56.89M | 319.76K | 10.43M | 17.76M | 79.64M |
Cash Flow | |||||
| Free Cash Flow | -18.60M | -452.76K | -10.21M | -5.45M | -1.44M |
| Operating Cash Flow | -11.44M | -452.76K | -7.46M | -4.87M | -1.44M |
| Investing Cash Flow | -7.22M | -851.52K | -2.75M | -586.57K | -86.31M |
| Financing Cash Flow | 164.29M | 906.58K | 0.00 | 6.65M | 88.06M |
Horizon Quantum Holdings Technical Analysis
Negative
17.65
Price Trends
17.77
Negative
15.90
Negative
13.87
Positive
Market Momentum
-0.17
Positive
46.83
Neutral
40.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HQ, the sentiment is Negative. The current price of 17.65 is above the 20-day moving average (MA) of 16.39, below the 50-day MA of 17.77, and above the 200-day MA of 13.87, indicating a neutral trend. The MACD of -0.17 indicates Positive momentum. The RSI at 46.83 is Neutral, neither overbought nor oversold. The STOCH value of 40.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HQ.
Horizon Quantum Holdings Risk Analysis
Horizon Quantum Holdings disclosed 80 risk factors in its most recent earnings report. Horizon Quantum Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Horizon Quantum Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $1.85B | 12.29 | 31.42% | ― | 22.86% | 27.08% | |
72 Outperform | $647.97M | 7.00 | 506.78% | ― | 1.45% | 20.83% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | $2.96B | -3.25 | -47.25% | ― | ― | ― | |
51 Neutral | $49.29B | -24.48 | -45.37% | ― | 115.26% | -47.09% | |
50 Neutral | $839.81M | -0.60 | -296.81% | ― | ― | -40.82% | |
48 Neutral | $813.04M | -4.94 | 12.97% | ― | 0.34% | 60.08% |
* Technology Sector Average
HQ
Horizon Quantum Holdings
15.56
3.53
29.34%
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3.19
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GigaCloud Technology, Inc. Class A
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CRWV
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89.36
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XNDU
Xanadu Quantum Technologies
9.72
-0.30
-3.04%
Horizon Quantum Holdings Corporate Events
Horizon Quantum Updates Interim Financials and Capital Structure in August Form 6-K
Aug 4, 2026
Horizon Quantum Holdings Ltd., based in Singapore, is a foreign private issuer whose shares are listed on Nasdaq. The company operates in the quantum technology sector, focusing on software and collaborations with hardware providers, and remains i...
Horizon Quantum Boosts Cash Runway and Advances Testbed Strategy in Q2 2026
Aug 4, 2026
Horizon Quantum reported its second‑quarter 2026 results on August 4, detailing progress in its quantum software stack and testbed operations alongside a strengthened cash position. The period saw the early access release of its Beryllium pr...
Horizon Quantum Appoints Amanda Chew as Chief Product Officer
Aug 3, 2026
Horizon Quantum Holdings has strengthened its product leadership with the appointment of Qian Yi Amanda Chew as Chief Product Officer, decided by the board on July 28, 2026 and effective August 17, 2026. Chew’s elevation from Vice President ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.