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Horizon Quantum Holdings
(NASDAQ:HQ)
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Rating:44Neutral
Price Target:
$14.00
▲(18.85% Upside)
Action:Reiterated
Date:08/07/26
The score is driven primarily by weak financial performance—minimal/zero revenue, large ongoing losses, and continued negative operating and free cash flow—only partially offset by low current leverage. Technicals add modest downside pressure (price below key moving averages and negative MACD), while valuation is constrained by a negative P/E tied to losses and no dividend yield data.
Positive Factors
Strong cash runway
The company boosted cash to $113.3M via warrant exercises, materially extending runway and enabling continued R&D and testbed buildout. This reduces near‑term financing pressure and allows multi‑quarter investment in product development and commercialization efforts.
Negative Factors
Pre-revenue with large accumulated losses
The firm remains essentially pre‑revenue while incurring substantial net losses, indicating no proven commercial business yet. Without revenue traction, persistent operating deficits threaten long‑term viability and require sustained external funding or major strategic inflection.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash runway
The company boosted cash to $113.3M via warrant exercises, materially extending runway and enabling continued R&D and testbed buildout. This reduces near‑term financing pressure and allows multi‑quarter investment in product development and commercialization efforts.
Read all positive factors
Horizon Quantum Holdings (HQ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$644.21M
Dividend YieldN/A
Average Volume (3M)1.16M
Price to Earnings (P/E)―
Beta (1Y)0.87
Revenue GrowthN/A
EPS Growth-40.82%
CountryUS
Employees25
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-6.27
Shares Outstanding31,833,550
10 Day Avg. Volume390,406
30 Day Avg. Volume1,160,953
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)184.31
Price to Sales (P/S)0.00
P/FCF Ratio-130.17
Enterprise Value/Market Cap<0.01
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$20.00Price Target Upside69.78% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.38
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
8
Very Negative
Balance Sheet
55
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 361.56K | 50.09K | 0.00 |
| Gross Profit | 0.00 | 0.00 | 361.56K | 50.09K | 0.00 |
| EBITDA | -17.14M | -5.74M | -6.61M | ― | -1.46M |
| Net Income | -162.37M | -22.91M | -7.52M | -5.19M | -3.21M |
Balance Sheet | |||||
| Total Assets | 160.76M | 35.26M | 11.95M | 17.99M | 88.15M |
| Cash, Cash Equivalents and Short-Term Investments | 146.37M | 100.00 | 6.65M | 16.54M | 320.99K |
| Total Debt | 474.98K | 2.75M | 812.12K | 27.31K | 1.28M |
| Total Liabilities | 103.87M | 34.94M | 1.52M | 225.86K | 8.51M |
| Stockholders Equity | 56.89M | 319.76K | 10.43M | 17.76M | 79.64M |
Cash Flow | |||||
| Free Cash Flow | -18.60M | -452.76K | -10.21M | -5.45M | -1.44M |
| Operating Cash Flow | -11.44M | -452.76K | -7.46M | -4.87M | -1.44M |
| Investing Cash Flow | -7.27M | -851.52K | -2.75M | -586.57K | -86.31M |
| Financing Cash Flow | 164.34M | 906.58K | 0.00 | 6.65M | 88.06M |
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 (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $1.84B | 12.27 | 31.42% | ― | 22.86% | 27.08% | |
72 Outperform | $677.11M | 7.51 | 506.78% | ― | 1.45% | 20.83% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | $3.15B | -6.33 | -47.25% | ― | ― | ― | |
48 Neutral | $1.11B | -7.18 | 12.97% | ― | 0.34% | 60.08% | |
48 Neutral | $49.28B | -29.52 | -40.33% | ― | 115.26% | -46.57% | |
44 Neutral | $644.21M | -3.05 | -374.53% | ― | ― | -40.82% |
* Technology Sector Average
HQ
Horizon Quantum Holdings
14.93
2.10
16.37%
RXT
Rackspace Technology
4.64
3.37
265.35%
CCSI
Consensus Cloud Solutions
37.94
11.35
42.69%
GCT
GigaCloud Technology, Inc. Class A
51.66
19.18
59.05%
CRWV
CoreWeave
107.73
-10.03
-8.52%
XNDU
Xanadu Quantum Technologies
10.62
0.57
5.72%
Horizon Quantum Holdings Corporate Events
Horizon Quantum Updates Interim Financials and Capital Structure in August Form 6-K
Aug 4, 2026
Horizon Quantum Holdings Ltd., based in Singapore, is a foreign private issuer whose shares are listed on Nasdaq. The company operates in the quantum technology sector, focusing on software and collaborations with hardware providers, and remains i...
Horizon Quantum Boosts Cash Runway and Advances Testbed Strategy in Q2 2026
Aug 4, 2026
Horizon Quantum reported its second‑quarter 2026 results on August 4, detailing progress in its quantum software stack and testbed operations alongside a strengthened cash position. The period saw the early access release of its Beryllium pr...
Horizon Quantum Appoints Amanda Chew as Chief Product Officer
Aug 3, 2026
Horizon Quantum Holdings has strengthened its product leadership with the appointment of Qian Yi Amanda Chew as Chief Product Officer, decided by the board on July 28, 2026 and effective August 17, 2026. Chew’s elevation from Vice President ...
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.