BTQ Technologies Corp. (BTQ)Technology | Software - Infrastructure | Vancouver, Canada | NasdaqGM
2.34 USD
+0.04
(1.739%)
⇧
(Oct. 15, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 3:30 a.m. EDT
The investment case here is fundamentally broken. The company is burning cash aggressively, with operating cash flow in the tens of millions negative and free cash flow also deeply negative. The balance sheet is fragile, with debt significantly exceeding equity, and the stock trades at a premium to book value despite having no earnings and a negative forward P/E. While the headlines tout quantum technology breakthroughs, the financial reality is a classic value trap with deteriorating fundamentals. The market has already punished the stock, sending it down nearly 80% from its highs, yet the financial metrics remain unsalvageable without massive capital infusion. There is no dividend to provide income, and the recent price action shows the stock struggling to recover from multi-month lows, trading well below its moving averages. The options data confirms a sentiment of caution, with traders buying protection rather than betting on a rally. This is a speculative gamble on a turnaround that the current financials do not support. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.112323 |
| AutoETS | 0.133538 |
| AutoARIMA | 0.133540 |
| MSTL | 0.136049 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 34% |
| H-stat | 0.22 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.272 |
| Excess Kurtosis | -0.99 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 6.013 |
| Market Cap | 344,168,768 |
| Forward P/E | -22.17 |
| Beta | -14.48 |
| Previous Name | Sonora Gold & Silver Corp. |
| Website | https://www.btq.com |
As of Oct. 10, 2026, 3:30 a.m. EDT: Speculators are positioning for a binary event or a significant drop rather than a steady rise. Despite the company's quantum computing headlines, the options chain shows heavy open interest in out-of-the-money puts (strikes $5.00 and $7.50) across multiple expirations, while call volume is negligible. The implied volatility for deep out-of-the-money puts is significantly elevated compared to calls, indicating a market fear of downside risk or a 'long shot' bet on failure/crash. The lack of call positioning suggests the market does not believe the current hype will translate into immediate share price appreciation.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.8001708 |
| Address1 | 700 West Georgia Street |
| Address2 | 25th Floor, Suite 2500 |
| All Time High | 16.0 |
| All Time Low | 2.09 |
| Ask | 4.99 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 1,933,090 |
| Average Daily Volume3 Month | 1,950,828 |
| Average Volume | 1,950,828 |
| Average Volume10Days | 1,933,090 |
| Beta | -14.478 |
| Bid | 2.83 |
| Bid Size | 2 |
| Book Value | 0.08864478 |
| City | Vancouver |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | Canada |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 2.34 |
| Current Ratio | 1.935 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 2.388 |
| Day Low | 2.18 |
| Debt To Equity | 6.013 |
| Display Name | BTQ |
| Dividend Yield | 0.0 |
| Ebitda | -56,911,904 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -5.894 |
| Enterprise Value | 335,460,576 |
| Eps Current Year | -0.275 |
| Eps Forward | -0.1055295 |
| Eps Trailing Twelve Months | -0.3 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 3.1482 |
| Fifty Day Average Change | -0.8082001 |
| Fifty Day Average Change Percent | -0.25671816 |
| Fifty Two Week Change Percent | -80.017075 |
| Fifty Two Week High | 12.9 |
| Fifty Two Week High Change | -10.559999 |
| Fifty Two Week High Change Percent | -0.81860465 |
| Fifty Two Week Low | 2.09 |
| Fifty Two Week Low Change | 0.25 |
| Fifty Two Week Low Change Percent | 0.11961723 |
| Fifty Two Week Range | 2.09 - 12.9 |
| Financial Currency | CAD |
| First Trade Date Milliseconds | 1,758,893,400,000 |
| Float Shares | 95,670,097 |
| Forward Eps | -0.1055295 |
| Forward P E | -22.173893 |
| Free Cashflow | -2,986,856 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | 0.06000018 |
| Fullday Change Percent | 2.5641105 |
| Fullday Price | 2.4 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.0 |
| Gross Profits | 0 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.34467998 |
| Held Percent Institutions | 0.27945998 |
| Implied Shares Outstanding | 147,080,677 |
| Industry | Software - Infrastructure |
| Industry Disp | Software - Infrastructure |
| Industry Key | software-infrastructure |
| Ipo Expected Date | 2,025-09-26 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | BTQ Technologies Corp. engages in the development of computer-based technology related to post-quantum cryptography for applications in blockchain and related technologies in Canada, Taiwan, Australia, and the United States. The company's flagship hardware product is Quantum Compute-In-Memory, a quantum-secure compute-in-memory chip designed to implement fast, crypto-agile, energy-efficient post-quantum cryptography directly in silicon; Bitcoin Quantum, a permissionless, quantum-safe fork of Bitcoin that replaces Bitcoin's quantumvulnerable Elliptic Curve Digital Signature Algorithm ("ECDSA") with Module-Lattice Digital Signature Algorithm (ML-DSA); and QSSN, a quantum-secure validation and wallet infrastructure product designed to enable banks, payment providers, and digital asset platforms to issue and manage stablecoins with built-in protection against quantum-era cybersecurity threats. It has a strategic collaboration with Industrial Technology Research Institute to validate BTQ's Quantum Compute In Memory (QCIM) chip, which is designed to enable secure, scalable cryptographic computation for the post-quantum era. BTQ Technologies Corp. has a strategic collaboration with TIDAL PWR to develop a trusted quantum data center reference architecture that can be applied across future large-scale facilities. The company was incorporated in 1983 and is headquartered in Vancouver, Canada. |
| Long Name | BTQ Technologies Corp. |
| Market | us_market |
| Market Cap | 344,168,768 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_718590771 |
| Most Recent Quarter | 1,782,777,600 |
| Name Change Date | 2,026-10-16 |
| Net Income To Common | -57,520,360 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 422,409,169 |
| Number Of Analyst Opinions | 2 |
| Open | 2.21 |
| Operating Cashflow | -25,315,416 |
| Operating Margins | 0.0 |
| Pre Market Change | 0.06000018 |
| Pre Market Change Percent | 2.5641105 |
| Pre Market Price | 2.4 |
| Pre Market Time | 1,792,157,205 |
| Prev Name | Sonora Gold & Silver Corp. |
| Previous Close | 2.3 |
| Price Eps Current Year | -8.50909 |
| Price Hint | 4 |
| Price To Book | 26.397493 |
| Price To Sales Trailing12 Months | Infinity |
| Profit Margins | 0.0 |
| Quick Ratio | 1.741 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.04 |
| Regular Market Change Percent | 1.73913 |
| Regular Market Day High | 2.388 |
| Regular Market Day Low | 2.18 |
| Regular Market Day Range | 2.18 - 2.388 |
| Regular Market Open | 2.21 |
| Regular Market Previous Close | 2.3 |
| Regular Market Price | 2.34 |
| Regular Market Time | 1,792,094,401 |
| Regular Market Volume | 1,803,254 |
| Return On Assets | -2.29201 |
| Return On Equity | -4.89153 |
| Revenue Per Share | 0.0 |
| Sand P52 Week Change | 0.16207206 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Shares Outstanding | 147,080,677 |
| Shares Percent Shares Out | 0.0723 |
| Shares Short | 10,627,173 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 12,014,080 |
| Short Name | BTQ Technologies Corp. |
| Short Ratio | 4.36 |
| Source Interval | 15 |
| State | BC |
| Symbol | BTQ |
| Target High Price | 9.90329 |
| Target Low Price | 5.9416914 |
| Target Mean Price | 7.92249 |
| Target Median Price | 7.92249 |
| Total Cash | 9,786,750 |
| Total Cash Per Share | 0.067 |
| Total Debt | 1,078,551 |
| Total Revenue | 0 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.3 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 3.53675 |
| Two Hundred Day Average Change | -1.1967502 |
| Two Hundred Day Average Change Percent | -0.33837566 |
| Type Disp | Equity |
| Volume | 1,803,254 |
| Website | https://www.btq.com |
| Zip | V7Y 1B3 |