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BTQ Technologies
(NEO-L:BTQ)
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Rating:44Neutral
Price Target:
C$0.09
▼(-3.33% Downside)
Action:Reiterated
Date:07/01/26
The score is driven primarily by weak financial performance: sharply declining small revenue, extremely large losses, and significant cash burn that may require additional capital. Technicals are neutral with price near key moving averages, offering limited confirmation either way. Valuation is constrained by negative earnings (negative P/E) and no indicated dividend support.
Positive Factors
Low Leverage / Balance Sheet Strength
A near-zero debt position and rising equity provide structural financial flexibility, lowering solvency risk and enabling the firm to fund R&D or strategic moves via equity or partnerships. Over 2–6 months this reduces refinancing pressure and supports continued operations during loss-making periods.
Negative Factors
Heavy and Worsening Cash Burn
Sustained and accelerating negative operating cash flow creates an ongoing funding gap that will likely require new capital, partnerships, or severe cost cutting. Over a 2–6 month horizon this heightens dilution or execution risk and constrains the company’s ability to scale R&D or commercialization.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Balance Sheet Strength
A near-zero debt position and rising equity provide structural financial flexibility, lowering solvency risk and enabling the firm to fund R&D or strategic moves via equity or partnerships. Over 2–6 months this reduces refinancing pressure and supports continued operations during loss-making periods.
Read all positive factors
BTQ Technologies (BTQ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$7.87M
Dividend YieldN/A
Average Volume (3M)0.00
Price to Earnings (P/E)―
Beta (1Y)N/A
Revenue Growth-92.85%
EPS Growth-476.08%
CountryCA
Employees38
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.30
Shares Outstanding141,780,930
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)30.42
Price to Sales (P/S)3047.63
P/FCF Ratio-63.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
BTQ Technologies Business Overview & Revenue Model
Company Description
BTQ Technologies Corp. is dedicated to creating advanced computing technology focused on post-quantum cryptography, primarily for its application within blockchain and related digital systems. The company's product suite features: PQScale: A scali...
How the Company Makes Money
Publicly verifiable, detailed information on BTQ Technologies’ current revenue model and material revenue streams is null. In general terms consistent with the company’s stated focus, BTQ would be expected to monetize through one or more of the fo...
BTQ Technologies Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | Mar 2026 | Dec 2024 | Mar 2024 | Jan 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 315.50K | 666.67K | 0.00 | 0.00 |
| Gross Profit | 104.61K | 666.67K | -761.46K | 0.00 |
| EBITDA | -24.60M | -5.91M | -15.21M | -643.81K |
| Net Income | -24.61M | -6.08M | -15.40M | -1.16M |
Balance Sheet | ||||
| Total Assets | 33.79M | 9.73M | 4.04M | 7.27M |
| Cash, Cash Equivalents and Short-Term Investments | 21.00M | 9.34M | 3.44M | 7.24M |
| Total Debt | 0.00 | 0.00 | 33.55K | 0.00 |
| Total Liabilities | 2.18M | 1.79M | 983.24K | 468.77K |
| Stockholders Equity | 31.61M | 7.94M | 3.05M | 6.80M |
Cash Flow | ||||
| Free Cash Flow | -15.03M | -4.97M | -6.96M | -223.34K |
| Operating Cash Flow | -15.01M | -4.70M | -6.95M | -223.34K |
| Investing Cash Flow | -11.07M | 330.08K | 745.96K | 0.00 |
| Financing Cash Flow | 37.69M | 10.84M | 7.00M | 7.20M |
BTQ Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
47 Neutral | C$11.23M | -13.78 | -21.69% | ― | -27.64% | -2400.00% | |
45 Neutral | C$9.55M | -1.43 | 286.87% | ― | -21.18% | 70.32% | |
44 Neutral | C$7.87M | -17.71 | -236.03% | ― | -92.85% | -476.08% | |
41 Neutral | C$5.84M | -0.45 | ― | ― | -18.30% | -114.42% |
* Technology Sector Average
TSE:BTQ
BTQ Technologies
0.09
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0.00%
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BTQ Technologies Corporate Events
Business Operations and Strategy
BTQ Technologies Advances Quantum Error Correction for Scalable Quantum Systems
Positive
Apr 16, 2026
BTQ Technologies has highlighted new collaborative research co-authored by Chief Quantum Officer Dr. Gavin K. Brennen with Macquarie University and the University of Sheffield, introducing what is described as the first general theory of quantum e...
Business Operations and Strategy
BTQ Technologies Taps Daou Data to Bring Post-Quantum Hardware Security to Korea’s Payment Rails
Positive
Apr 14, 2026
BTQ Technologies has entered a strategic collaboration with Korea’s Daou Data to embed hardware-rooted Korean post-quantum cryptography into payment gateway and value-added network systems, aiming to harden the country’s electronic pay...
Business Operations and Strategy
BTQ study says quantum mining threat to Bitcoin overstated, shifts focus to signature risk
Positive
Apr 6, 2026
BTQ Technologies has released a research paper on arXiv providing what it calls the first end-to-end physical cost estimate for using quantum computers to mine Bitcoin. The study concludes that even under highly favorable assumptions, quantum-acce...
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.