# Xanadu Quantum Technologies Class B Subordinate Voting Shares (XNDU.US)

Canonical: https://gigainvestors.com/s/XNDU

Analysis as of: 2026-10-16T07:33:16.785Z. 

Listing currency: USD. Reporting currency: CAD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $3.34 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

## Price story

Down 89% since Apr 2026

Story as of 2026-10-16T10:01:29.328Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in software infrastructure; annual sales are CAD 4.6 million.

- Source: https://www.sec.gov/Archives/edgar/data/2097163/000121390026042080/ea0285152-20f_xanadu.htm (filed 2026-04-09); FY2025: revenue 4617000; grossProfit 4256000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-15); XNDU.US: 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.

### Where the cash goes

Paid no dividends in 1 year.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-04-09); Dividend observations: [[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 24.1% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-15); XNDU.US SharesStats.PercentInsiders = 24.085 percentage points; cache date 2026-10-15.

### What the price says

The price is 30.8 times annual sales; cash earnings are negative.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-04-09); Closing price 3.34 USD; reporting-to-trading FX 0.7047; FY2025 annual sales per share 0.15403709301278137; price multiple 30.76924793365035. FY2025 cash earnings/share -2.429811231996477. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2026-03: $7.66 per share

- 2026-04: $29.10 per share

- 2026-05: $16.17 per share

- 2026-06: $12.11 per share

- 2026-07: $10.76 per share

- 2026-08: $10.76 per share

- 2026-09: $4.58 per share

- 2026-10: $3.34 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 20-F filing](https://www.sec.gov/Archives/edgar/data/2097163/000121390026042080/ea0285152-20f_xanadu.htm); period 2025-12-31, filed 2026-04-09.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.