$HQ

Horizon Quantum Computing (HQ) reported 60 employees, up 43% YoY. The company is purchasing a trapped-ion quantum system for 2024 delivery. Horizon collaborated with OQC and Rigetti on quantum processor integration and crosstalk measurement. It also partnered with Entropica for error correction, paid in shares. Horizon remains pre-revenue, focusing on future commercialization. The company plans to transition early-access users to paying customers upon reaching quantum advantage.

Horizon Quantum Holdings Ltd. reported Q3 GAAP EPS of $0.55, exceeding estimates by $0.68. Adjusted EBITDA showed a loss of $6.3M, wider than the $3.0M loss in Q3 2025. Cash reserves decreased by $10.5M to $102.8M from Q2 2026.

Horizon Quantum Holdings Ltd. (HQ) furnished an SEC Form 6-K — earnings release. Exhibit 99.1 Horizon Quantum Announces Third Quarter 2026 Financial Results November 10, 2026 SINGAPORE — (BUSINESS WIRE) — November 10, 2026 — Horizon Quantum Holdings Ltd. (Nasdaq: HQ) (“Horizon Quantum,” “Horizon,” or “the Company”), a pioneer of software infrastructure for qu

Horizon Quantum (NASDAQ:HQ) signed a non-binding letter to acquire Entropica Labs for $27M in shares. The deal, subject to due diligence and approvals, focuses on quantum software. Entropica Labs develops error correction software, while Horizon Quantum offers quantum application infrastructure.

Horizon Quantum Holdings (Nasdaq: HQ) reported Q2 2026 results for the quarter ended June 30, 2026. Cash increased to $113.3 million from $96.6 million after about 2.5 million public warrants (HQWWW) were exercised, raising $28.7 million. Operating loss was $7.2 million. Net loss was $115.2 million, including a $108.3 million non-cash warrant-derivative remeasurement.

Horizon Quantum Holdings Ltd. (HQ) furnished an SEC Form 6-K — earnings release. Exhibit 99.1 Horizon Quantum Announces Second Quarter 2026 Financial Results August 4, 2026 SINGAPORE — (BUSINESS WIRE) — August 4, 2026 — Horizon Quantum Holdings Ltd. (Nasdaq: HQ) (“Horizon Quantum,” “Horizon,” or “the Company”), a pioneer of software infrastructure for quantum

The article reviews four newly public quantum computing firms: Quantinuum (QNT), Xanadu (XNDU), Horizon Quantum (HQ), and Infleqtion (INFQ). It notes QNT’s trapped-ion Helios commercialization and fiscal 2026 Q1 revenue of $5.2M (-73% YoY), INFQ’s Q1 revenue of $9.5M (+14% YoY) and 2026 outlook raised to at least $40M, plus recent partnerships and losses for XNDU and HQ.

Horizon Quantum (HQ) went public March 20, opening at $12 and later reaching $45 on June 22. The stock rose on a June 22 U.S. executive order on quantum initiatives and Needham initiating coverage with a buy rating. Horizon reported no Q1 revenue; operating expenses were $6.5M (vs. $4.7M). It ended Q1 with $96.6M cash and bought an IonQ quantum computer to expand software compatibility.

Needham began coverage of Horizon Quantum Holdings Ltd. (NASDAQ:HQ) on June 3, 2026, assigning a “Buy” rating and a $20 price target. The firm cited efforts to make quantum programming more intuitive and expects a “platform layer” as the industry nears commercial advantage, noting Horizon’s first-mover edge in software infrastructure. Horizon reported a Q1 operating loss of $6.5M, net loss of $3.6M, adjusted EBITDA loss of $4.1M, and cash of $96.6M.