Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares
XNDU$3.05
-$0.30 (-8.83%)
Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares
Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares represent equity ownership in Xanadu Quantum Technologies Limited, a Canadian quantum computing company based in Toronto. The company develops photonic quantum computing hardware, software, and related platforms designed to support quantum programming, simulation, and cloud-based access to quantum systems. Its current business centers on delivering quantum technology solutions for enterprise and government users, combining specialized hardware with software tools that help organizations explore advanced computational applications. Xanadu’s Class B Subordinate Voting Shares provide public market exposure to a pure-play photonic quantum computing business operating in a highly specialized segment of the technology market. These shares are issued by Xanadu Quantum Technologies Limited and are part of the company’s dual-class share structure.
$3.05
-$0.30 (-8.83%)
EOD Oct 16, 2026
The business is unprofitable at the operating level (-1501.45% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 112.1% YoY with margins expanding 1682.7pp.
ROIC dropped from -30.60% to -50.56%, capital efficiency is deteriorating. Negative free cash flow of -$56M. The business is consuming cash, not generating it.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$6M
▲ +112.1% YoY
Net Income (TTM)
-$95M
▼ -12.2% YoY
Op. Margin
-1294.69%
▲ +1682.7pp YoY
ROIC
-50.56%
▼ -20.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$61M
▼ -16.0% YoY
Op. Cash Flow (TTM)
-$52M
▼ -27.9% YoY
Net Debt
$16M
Cash & Equiv.
$12M
Continue Research
Is Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (XNDU) overvalued?
Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (XNDU)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares scores 36/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares a high-quality business?+
Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares scores 36 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -1,294.7% operating margin and a -50.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh XNDU's valuation and scores 36/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Software - Infrastructure
Spot a number that looks wrong?
Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.