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BTQ Technologies
(NEO-L:BTQ)
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Rating:43Neutral
Price Target:
C$0.09
▼(-3.33% Downside)
Action:Reiterated
Date:08/17/26
The score is primarily held down by weak financial performance—zero/unstable revenue, widening losses, and ongoing cash burn—despite modest leverage on the balance sheet. Technical signals are neutral-to-weak with flat moving averages and slightly negative momentum. Valuation is constrained by negative earnings (negative P/E) and no stated dividend yield.
Positive Factors
Low Financial Leverage
Modest debt relative to equity gives BTQ some financial flexibility while it develops its technology portfolio. This durable cushion can reduce financing stress, although it does not offset the need to convert research assets into recurring commercial revenue.
Negative Factors
No Recurring Revenue Scale
Zero TTM revenue and prior declines indicate that BTQ has not yet established a dependable commercial revenue base. This limits visibility into demand, weakens operating leverage, and leaves future funding dependent on successful productization, partnerships, or capital raising.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Financial Leverage
Modest debt relative to equity gives BTQ some financial flexibility while it develops its technology portfolio. This durable cushion can reduce financing stress, although it does not offset the need to convert research assets into recurring commercial revenue.
Read all positive factors
BTQ Technologies (BTQ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$7.87M
Dividend YieldN/A
Average Volume (3M)0.00
Price to Earnings (P/E)―
Beta (1Y)N/A
Revenue Growth-100.00%
EPS Growth-675.76%
CountryCA
Employees38
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.41
Shares Outstanding147,080,670
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)30.42
Price to Sales (P/S)3047.63
P/FCF Ratio-63.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$8.30Price Target Upside9123.84% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
BTQ Technologies Business Overview & Revenue Model
Company Description
BTQ Technologies Corp. is dedicated to creating advanced computing technology focused on post-quantum cryptography, primarily for its application within blockchain and related digital systems. The company's product suite features: PQScale: A scali...
How the Company Makes Money
Publicly verifiable, detailed information on BTQ Technologies’ current revenue model and material revenue streams is null. In general terms consistent with the company’s stated focus, BTQ would be expected to monetize through one or more of the fo...
BTQ Technologies Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Dec 2024 | Mar 2024 | Jan 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 315.50K | 666.67K | 0.00 | 0.00 |
| Gross Profit | -218.15K | 104.61K | 666.67K | -761.46K | 0.00 |
| EBITDA | -58.95M | -24.60M | -5.91M | -15.21M | -643.81K |
| Net Income | -57.52M | -24.61M | -6.08M | -15.40M | -1.16M |
Balance Sheet | |||||
| Total Assets | 24.52M | 33.79M | 9.73M | 4.04M | 7.27M |
| Cash, Cash Equivalents and Short-Term Investments | 9.79M | 21.00M | 9.34M | 3.44M | 7.24M |
| Total Debt | 1.08M | 0.00 | 0.00 | 33.55K | 0.00 |
| Total Liabilities | 6.58M | 2.18M | 1.79M | 983.24K | 468.77K |
| Stockholders Equity | 17.94M | 31.61M | 7.94M | 3.05M | 6.80M |
Cash Flow | |||||
| Free Cash Flow | -25.45M | -15.03M | -4.97M | -6.96M | -223.34K |
| Operating Cash Flow | -25.32M | -15.01M | -4.70M | -6.95M | -223.34K |
| Investing Cash Flow | -11.88M | -11.07M | 330.08K | 745.96K | 0.00 |
| Financing Cash Flow | 40.95M | 37.69M | 10.84M | 7.00M | 7.20M |
BTQ Technologies Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | C$13.33M | -14.14 | -23.22% | ― | -5.63% | -0.79% | |
46 Neutral | C$15.73M | -2.16 | 112.09% | ― | -32.68% | 70.60% | |
43 Neutral | C$7.87M | -9.25 | -207.31% | ― | -100.00% | -675.76% | |
41 Neutral | C$2.92M | -0.28 | 70.08% | 714.29% | -15.68% | -47.54% |
* General Sector Average
TSE:BTQ
BTQ Technologies
0.09
0.00
0.00%
TSE:NBVA
Nubeva Technologies Ltd
0.18
0.10
125.00%
TSE:MTLO
Martello Technologies Group Inc
0.01
-0.01
-50.00%
TSE:FOBI
Fobi AI
0.04
0.00
0.00%
TSE:PLUR
Plurilock Security Inc
0.13
-0.06
-31.58%
BTQ Technologies Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
BTQ Technologies Accelerates Commercial Rollout of Trusted Quantum Platform in Q2 2026
Positive
Aug 14, 2026
BTQ Technologies reported a Q2 2026 update that underscores its shift from validating quantum security technologies to commercial execution across its trusted quantum platform. The company completed the acquisition of QPerfect, expanded customer e...
Business Operations and StrategyShareholder Meetings
BTQ Technologies Shareholders Back Board, Auditor and Equity Plan at 2026 AGM
Positive
Aug 14, 2026
BTQ Technologies reported the voting results of its 2026 annual general meeting in Vancouver, confirming that shareholders fixed the board size at five directors and elected all management nominees by wide margins. The high approval rates undersco...
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
BTQ Technologies Schedules Shareholder Webinar on Q2 2026 Results and Corporate Update
Positive
Aug 11, 2026
BTQ Technologies Corp. will host a live shareholder webinar on August 14, 2026, to discuss its second‑quarter 2026 financial results and provide a general corporate update.The call is scheduled for 12:00 p.m. Eastern Time and will follow the...
Business Operations and StrategyProduct-Related Announcements
BTQ Hits Key Milestone in Quantum-Era Cryptography Chip Program
Positive
Aug 7, 2026
BTQ Technologies has completed the first milestone in its multi-year collaboration with Taiwan’s Industrial Technology Research Institute to validate its Quantum Compute-in-Memory architecture for post-quantum cryptography. The work is part ...
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.