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Xanadu Quantum Technologies
(NASDAQ:XNDU)
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Rating:46Neutral
Price Target:
$3.00
▼(-73.33% Downside)
Action:Reiterated
Date:10/13/26
The score is pulled down primarily by severe operational uncertainty (revenue fell to $0 and cash flow remains negative) and very bearish price action (well below key moving averages with negative MACD). These negatives are partially offset by a significantly strengthened balance sheet (no debt, much higher equity) and improved profitability/cash burn versus 2024.
Positive Factors
Debt-free balance sheet
Eliminating debt materially reduces leverage-related financial risk and interest obligations, giving Xanadu greater flexibility to fund research, absorb operating volatility, and pursue its technology roadmap without relying as heavily on creditors.
Negative Factors
Revenue collapsed to zero
A decline to zero revenue is a severe deterioration in commercial traction and makes near-term demand difficult to underwrite. Without a functioning revenue base, future funding, product adoption, and progress toward a sustainable operating model remain highly uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Eliminating debt materially reduces leverage-related financial risk and interest obligations, giving Xanadu greater flexibility to fund research, absorb operating volatility, and pursue its technology roadmap without relying as heavily on creditors.
Read all positive factors
Xanadu Quantum Technologies (XNDU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$879.70M
Dividend YieldN/A
Average Volume (3M)8.19M
Price to Earnings (P/E)―
Beta (1Y)5.33
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees252
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-4.13
Shares Outstanding95,401,890
10 Day Avg. Volume5,604,975
30 Day Avg. Volume8,189,170
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.19
Price to Sales (P/S)76.25
P/FCF Ratio-129.08
Enterprise Value/Market Cap3.84
Enterprise Value/Revenue430.92
Enterprise Value/Gross Profit463.16
Enterprise Value/Ebitda-34.05
Forecast
1Y Price Target
$23.75Price Target Upside111.11% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)-0.44
Revenue Forecast (FY)$9.24M
Xanadu Quantum Technologies Business Overview & Revenue Model
Company Description
Xanadu Quantum Technologies Inc. specializes in the creation and delivery of photonic quantum computing solutions, encompassing both sophisticated hardware and versatile software platforms. Their hardware offerings include cloud-accessible "x-seri...
Xanadu Quantum Technologies Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
82
Very Positive
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 7.84M | 4.62M | 1.59M | 2.48M |
| Gross Profit | 7.30M | 4.26M | 1.12M | 1.87M |
| EBITDA | -99.25M | -63.97M | -40.28M | -31.07M |
| Net Income | -123.68M | -70.67M | -45.97M | -35.59M |
Balance Sheet | ||||
| Total Assets | 545.70M | 310.84M | 116.77M | 150.98M |
| Cash, Cash Equivalents and Short-Term Investments | 444.48M | 367.35K | 77.62M | 117.46M |
| Total Debt | 84.05M | 0.00 | 24.88M | 16.99M |
| Total Liabilities | 100.80M | 14.15M | 29.27M | 19.08M |
| Stockholders Equity | 444.90M | 296.69M | 87.50M | 131.90M |
Cash Flow | ||||
| Free Cash Flow | -75.49M | -2.73M | -48.41M | -39.97M |
| Operating Cash Flow | -63.84M | -2.73M | -41.74M | -29.55M |
| Investing Cash Flow | -9.34M | -301.87M | -6.67M | -9.97M |
| Financing Cash Flow | 368.97M | 304.96M | 9.29M | 4.31M |
Xanadu Quantum Technologies Technical Analysis
Negative
11.25
Price Trends
6.13
Negative
8.70
Negative
11.23
Negative
Market Momentum
-0.87
Negative
30.33
Neutral
73.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For XNDU, the sentiment is Negative. The current price of 11.25 is above the 20-day moving average (MA) of 3.35, above the 50-day MA of 6.13, and above the 200-day MA of 11.23, indicating a bearish trend. The MACD of -0.87 indicates Negative momentum. The RSI at 30.33 is Neutral, neither overbought nor oversold. The STOCH value of 73.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for XNDU.
Xanadu Quantum Technologies Risk Analysis
Xanadu Quantum Technologies disclosed 99 risk factors in its most recent earnings report. Xanadu Quantum Technologies 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
Xanadu Quantum Technologies Peers Comparison
UnderperformOutperform
Sector (55)
XNDU
Xanadu Quantum Technologies
2.89
-8.26
-74.09%
ARQQ
Arqit Quantum
15.73
-27.90
-63.95%
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.