Xanadu Quantum Technologies Limited (XNDU)Technology | Software - Infrastructure | Toronto, Canada | NasdaqGM
3.19 USD
-0.18
(-5.481%) ⇩
(Oct. 14, 2026, 4 p.m.
EDT)
After hours: 3.20 +0.01 (0.313%) ⇧ (Oct. 14, 2026, 6:51 p.m. EDT) |
Hot Take ↕ | Oct. 10, 2026, 5:01 a.m. EDT
The investment case here is fundamentally broken. Despite the company boasting impressive gross margins and a 'strong buy' analyst consensus driven by a lofty $28 price target, the reality on the ground is a value trap with no safety net. The balance sheet is a liability, showing massive negative free cash flow and negative operating cash flow, meaning the business is burning through capital without generating returns. The stock has been decimated, trading at a fraction of its 52-week high, which suggests the market has already priced out the growth narrative. There is no dividend to provide income, and the lack of price history prevents any assessment of long-term resilience. While the technicals show a recent bounce, the underlying economics—negative equity generation and a lack of sustainable profitability—make this a dangerous hold. The options market confirms this pessimism, with traders overwhelmingly buying protection against further collapse rather than betting on a recovery. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.108017 |
| AutoTheta | 0.109644 |
| AutoETS | 0.110093 |
| AutoARIMA | 0.219014 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 17% |
| H-stat | 32.48 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.000 |
| Excess Kurtosis | 2.49 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 18.892 |
| Revenue per Share | 0.102 |
| Market Cap | 971,014,656 |
| Forward P/E | -5.85 |
| Website | https://www.xanadu.ai |
As of Oct. 10, 2026, 5:01 a.m. EDT: Speculators are aggressively positioning for a massive downside move, evidenced by heavy put volume and open interest concentrated deep in-the-money (strikes below current price) across nearly all expirations. Call activity is negligible and mostly centered at the money, while significant call open interest exists only at extremely distant strikes (12.5x to 15x current price), indicating speculative lottery tickets rather than directional bets. Implied volatility is elevated on out-of-the-money calls, suggesting fear of a gap-up event, but the overwhelming capital allocation is to the downside.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.5780275 |
| Address1 | 777 Bay Street |
| Address2 | Suite 2400 |
| All Time High | 42.44 |
| All Time Low | 3.36 |
| Ask | 14.25 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 8,503,660 |
| Average Daily Volume3 Month | 3,781,107 |
| Average Volume | 3,781,107 |
| Average Volume10Days | 8,503,660 |
| Bid | 8.15 |
| Bid Size | 2 |
| Book Value | 1.029 |
| City | Toronto |
| Country | Canada |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 3.19 |
| Current Ratio | 25.535 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 3.3377 |
| Day Low | 3.18 |
| Debt To Equity | 18.892 |
| Display Name | Xanadu Quantum |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,785,961,800 |
| Earnings Call Timestamp Start | 1,785,961,800 |
| Earnings Timestamp | 1,785,960,000 |
| Earnings Timestamp End | 1,793,304,000 |
| Earnings Timestamp Start | 1,793,304,000 |
| Ebitda | -87,721,000 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -8.178 |
| Enterprise To Revenue | 99.567 |
| Enterprise Value | 717,380,608 |
| Eps Current Year | -0.56 |
| Eps Forward | -0.545 |
| Eps Trailing Twelve Months | -0.44 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 8.181 |
| Fifty Day Average Change | -4.9909997 |
| Fifty Day Average Change Percent | -0.6100721 |
| Fifty Two Week Change Percent | -57.80275 |
| Fifty Two Week High | 42.44 |
| Fifty Two Week High Change | -39.25 |
| Fifty Two Week High Change Percent | -0.9248351 |
| Fifty Two Week Low | 3.18 |
| Fifty Two Week Low Change | 0.00999999 |
| Fifty Two Week Low Change Percent | 0.003144651 |
| Fifty Two Week Range | 3.18 - 42.44 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,774,272,600,000 |
| Float Shares | 24,141,433 |
| Forward Eps | -0.545 |
| Forward P E | -5.853211 |
| Free Cashflow | -47,407,752 |
| Full Exchange Name | NasdaqGM |
| Full Time Employees | 240 |
| Fullday Change | -0.18319988 |
| Fullday Change Percent | -5.4281445 |
| Fullday Price | 3.2 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.93184996 |
| Gross Profits | 6,714,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.24084999 |
| Held Percent Institutions | 0.59505004 |
| Implied Shares Outstanding | 304,393,300 |
| Industry | Software - Infrastructure |
| Industry Disp | Software - Infrastructure |
| Industry Key | software-infrastructure |
| Ipo Expected Date | 2,026-03-27 |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | Xanadu Quantum Technologies Limited develops and provides photonic quantum computing technology and related software solutions and applications, including cloud-based access to quantum computers and tools for quantum programming and simulation. The company provides access to photonic quantum computers through x-series devices available via the cloud, supporting programmable quantum gates and photon-number resolving detectors. It offers Pennylane, a cross-platform python library that enables a paradigm and quantum differentiable programming that enables integration with machine learning tools; and Catalyst for just-in-time compilation and optimization of quantum algorithms. It also provides users with access to documentation, guides, and community-led resources for quantum machine learning, quantum chemistry simulations, and other quantum computing applications, along with collaboration and support from a team of quantum experts. The company serves professional clients in the quantum computing, software development, and machine learning sectors, as well as advanced users in research and development, including those utilizing high-performance computing and quantum hardware. It has a collaboration with Mitsubishi Chemical to advance semiconductor fabrication technologies using quantum computing algorithms; has a collaboration with ASML to advance lithography for photonic quantum hardware; and has strategic partnership with GLOBALFOUNDRIES Inc. to accelerate utility-scale quantum manufacturing. Xanadu Quantum Technologies Limited was incorporated in 2016 and is based in Toronto, Canada. |
| Long Name | Xanadu Quantum Technologies Limited |
| Market | us_market |
| Market Cap | 971,014,656 |
| Market State | POST |
| Max Age | 86,400 |
| Message Board Id | finmb_563704690 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | -105,977,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 1,627,231,267 |
| Number Of Analyst Opinions | 4 |
| Open | 3.25 |
| Operating Cashflow | -71,301,000 |
| Operating Margins | -19.84844 |
| Phone | 416-304-9629 |
| Post Market Change | 0.00999999 |
| Post Market Change Percent | 0.31347933 |
| Post Market Price | 3.2 |
| Post Market Time | 1,792,018,309 |
| Previous Close | 3.375 |
| Price Eps Current Year | -5.696429 |
| Price Hint | 4 |
| Price To Book | 3.1000972 |
| Price To Sales Trailing12 Months | 134.76956 |
| Profit Margins | 0.0 |
| Quick Ratio | 24.378 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.18499994 |
| Regular Market Change Percent | -5.4814796 |
| Regular Market Day High | 3.3377 |
| Regular Market Day Low | 3.18 |
| Regular Market Day Range | 3.18 - 3.3377 |
| Regular Market Open | 3.25 |
| Regular Market Previous Close | 3.375 |
| Regular Market Price | 3.19 |
| Regular Market Time | 1,792,008,001 |
| Regular Market Volume | 5,285,016 |
| Return On Assets | -0.24367 |
| Return On Equity | -0.56366 |
| Revenue Growth | 0.43 |
| Revenue Per Share | 0.102 |
| Sand P52 Week Change | 0.17004645 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Shares Outstanding | 55,655,379 |
| Shares Percent Shares Out | 0.0194 |
| Shares Short | 5,891,432 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 4,926,691 |
| Short Name | Xanadu Quantum Technologies Lim |
| Short Percent Of Float | 0.18030001 |
| Short Ratio | 1.01 |
| Source Interval | 15 |
| State | ON |
| Symbol | XNDU |
| Target High Price | 43.0 |
| Target Low Price | 16.0 |
| Target Mean Price | 28.75 |
| Target Median Price | 28.0 |
| Total Cash | 312,780,000 |
| Total Cash Per Share | 1.028 |
| Total Debt | 59,146,000 |
| Total Revenue | 7,205,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.44 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 12.278732 |
| Two Hundred Day Average Change | -9.088732 |
| Two Hundred Day Average Change Percent | -0.7402012 |
| Type Disp | Equity |
| Volume | 5,285,016 |
| Website | https://www.xanadu.ai |
| Zip | M5G 2C8 |