Horizon Quantum Holdings (HQ)
NASDAQ:HQ
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Horizon Quantum Holdings
(NASDAQ:HQ)
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Rating:53Neutral
Price Target:
$10.50
▼(-10.87% Downside)
Action:Reiterated
Date:06/04/26
The score is held down primarily by weak financial performance (ongoing losses and negative free cash flow), partially offset by a strong, low-debt balance sheet. Technical indicators are supportive with price above key moving averages and positive momentum, while valuation remains constrained by a negative P/E and no indicated dividend yield.
Positive Factors
Balance sheet strength
The company’s equity-funded balance sheet with roughly $83.9M of shareholders’ equity and only ~$0.4M of debt provides durable financial flexibility. This reduces near-term solvency risk, supports continued product development or strategic initiatives, and lowers immediate dependence on external financing while execution improves.
Negative Factors
Sustained operating losses
Trailing-twelve-month operating losses (EBIT -$10.5M) and a large net loss (-$16.8M) represent persistent profitability shortfalls. Continued negative operating results will erode equity over time, limit reinvestment capacity, and increase the urgency for either structural margin improvement or external funding to sustain operations.
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Positive Factors
Negative Factors
Balance sheet strength
The company’s equity-funded balance sheet with roughly $83.9M of shareholders’ equity and only ~$0.4M of debt provides durable financial flexibility. This reduces near-term solvency risk, supports continued product development or strategic initiatives, and lowers immediate dependence on external financing while execution improves.
Read all positive factors
Horizon Quantum Holdings (HQ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$357.17M
Dividend YieldN/A
Average Volume (3M)146.88K
Price to Earnings (P/E)―
Beta (1Y)0.30
Revenue GrowthN/A
EPS Growth-2090.27%
CountryUS
EmployeesN/A
SectorFinancial
Sector Strength70
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding31,833,550
10 Day Avg. Volume60,881
30 Day Avg. Volume146,882
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)184.31
Price to Sales (P/S)0.00
P/FCF Ratio-130.17
Enterprise Value/Market Cap1.64
Enterprise Value/Revenue14.92K
Enterprise Value/Gross Profit14.92K
Enterprise Value/Ebitda-90.77
Forecast
1Y Price Target
$20.00Price Target Upside69.78% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Horizon Quantum Holdings Business Overview & Revenue Model
Company Description
dMY Squared is a company dedicated to facilitating the successful debut of future industry leaders and their ventures on public stock exchanges. The organization endeavors to broaden investor participation in innovative, market-defining companies ...
How the Company Makes Money
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Horizon Quantum Holdings Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
62
Positive
Cash Flow
23
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 39.18K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 39.18K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -6.44M | -4.46M | -1.14M | 0.00 | 0.00 |
| Net Income | -10.45M | -17.82M | -819.41K | 2.30M | -2.87M |
Balance Sheet | |||||
| Total Assets | 102.30M | 27.43M | 26.03M | 67.70M | 65.51M |
| Cash, Cash Equivalents and Short-Term Investments | 96.60M | 78.00 | 309.40K | 9.00 | 238.54K |
| Total Debt | 387.14K | 2.14M | 1.59M | 1.13M | 947.85K |
| Total Liabilities | 18.43M | 27.18M | 7.39M | 6.22M | 6.32M |
| Stockholders Equity | 83.87M | 248.70K | 18.64M | 61.48M | 59.18M |
Cash Flow | |||||
| Free Cash Flow | -3.84M | -352.15K | -1.40M | -600.34K | -1.07M |
| Operating Cash Flow | -3.76M | -352.15K | -1.40M | -600.34K | -1.07M |
| Investing Cash Flow | -341.16K | -662.29K | 43.25M | 304.00K | -64.14M |
| Financing Cash Flow | 100.50M | 705.12K | -41.55M | 57.81K | 65.44M |
Horizon Quantum Holdings Risk Analysis
Horizon Quantum Holdings disclosed 80 risk factors in its most recent earnings report. Horizon Quantum Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Horizon Quantum Holdings Peers Comparison
UnderperformOutperform
Sector (68)
HQ
Horizon Quantum Holdings
11.22
-3.49
-23.73%
FORL
Four Leaf Acquisition Corporation Class A
11.00
-0.41
-3.59%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.