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BTQ Technologies
(NEO-L:BTQ)
BTQ Technologies (BTQ) vs. iShares MSCI Canada ETF (EWC)
BTQ Technologies Business Overview & Revenue Model
BTQ Technologies Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Mar 2024 | Jan 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 565.50K | 666.67K | 0.00 | 0.00 |
| Gross Profit | 565.50K | 666.67K | 0.00 | 0.00 |
| EBITDA | -14.23M | -5.91M | -15.21M | -643.81K |
| Net Income | -14.30M | -6.08M | -15.40M | -1.16M |
Balance Sheet | ||||
| Total Assets | 40.07M | 9.73M | 4.04M | 7.27M |
| Cash, Cash Equivalents and Short-Term Investments | 39.39M | 9.34M | 3.44M | 7.24M |
| Total Debt | 0.00 | 0.00 | 33.55K | 0.00 |
| Total Liabilities | 1.95M | 1.79M | 983.24K | 468.77K |
| Stockholders Equity | 38.11M | 7.94M | 3.05M | 6.80M |
Cash Flow | ||||
| Free Cash Flow | -8.58M | -4.97M | -6.96M | -223.34K |
| Operating Cash Flow | -8.57M | -4.70M | -6.95M | -223.34K |
| Investing Cash Flow | 18.94K | 330.08K | 745.96K | 0.00 |
| Financing Cash Flow | 47.12M | 10.84M | 7.00M | 7.20M |
BTQ Technologies Peers Comparison
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$7.87M | -36.81 | -236.03% | ― | ― | ― | |
47 Neutral | C$11.93M | -29.38 | -21.69% | ― | -69.94% | -281.40% | |
45 Neutral | C$2.92M | -0.41 | ― | ― | -13.42% | -126.00% | |
45 Neutral | C$11.02M | -3.84 | 286.87% | ― | 17.18% | 79.56% |
BTQ Technologies Corporate Events
BTQ Technologies has been selected for the Australian Government’s Industry Growth Program Advisory Service to speed commercialization of its Quantum Compute-in-Memory chip, a secure element that embeds classical and post-quantum cryptography directly in silicon. The program recognizes QCIM as strategically aligned with national capability priorities and aims to advance the chip from a validated test version to a production-ready platform for mission-critical applications.
The advisory support will help BTQ refine its go-to-market strategy, prioritize defense and other critical sectors, and support pilot deployments that align with Australian national security and sovereign capability goals. This initiative builds on BTQ’s existing collaborations with Taiwan’s Industrial Technology Research Institute and ICTK, which focus on silicon validation and development of an integrated, commercially deployable post-quantum chipset positioned as a foundational hardware layer for post-quantum-ready systems.
BTQ is developing QCIM as a 28-nanometer secure element that supports both NIST-standard post-quantum algorithms and traditional cryptography within a single hardened architecture. The company expects the platform to deliver performance and power-efficiency gains over multi-component security chips, simplifying system integration for secure communications, payments, telecom networks, industrial IoT, and other environments requiring long-term data protection.
The most recent analyst rating on (TSE:BTQ) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on BTQ Technologies stock, see the TSE:BTQ Stock Forecast page.
BTQ Technologies has been added to the WisdomTree Quantum Computing Fund, a U.S.-listed thematic ETF that targets companies advancing the quantum computing ecosystem. The inclusion underscores BTQ’s growing role in quantum hardware, software, infrastructure and security, and broadens its exposure to U.S. thematic investors.
The WisdomTree fund tracks a proprietary index co-developed with quantum software firm Classiq and aims to balance pure-play quantum innovators with larger technology leaders. BTQ’s presence in the ETF highlights investor interest in security and infrastructure as foundational layers of the quantum stack, as the industry moves from research toward commercialization.
The most recent analyst rating on (TSE:BTQ) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on BTQ Technologies stock, see the TSE:BTQ Stock Forecast page.
BTQ Technologies has been added to the U.S.-listed WisdomTree Quantum Computing Fund, expanding its visibility among thematic ETF investors focused on companies driving innovation in quantum hardware, software, infrastructure, and enabling technologies. The fund tracks the WisdomTree Classiq Quantum Computing Index, which blends pure-play quantum firms with larger global technology leaders contributing materially to quantum development.
The inclusion underscores BTQ’s growing relevance in the global quantum ecosystem as it markets a full-stack neutral-atom quantum computing and post-quantum security platform for mission-critical sectors. For BTQ, being part of this ETF broadens its U.S. capital markets exposure and aligns it with investors seeking targeted access to the long-term growth potential of quantum computing as the industry moves from research toward commercialization.
The most recent analyst rating on (TSE:BTQ) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on BTQ Technologies stock, see the TSE:BTQ Stock Forecast page.
BTQ Technologies has opened a new research and commercialization hub in New York City’s Flatiron District to accelerate development of its Quantum Compute in Memory hardware and quantum-secure silicon roadmap. The office strengthens the company’s U.S. footprint and is led by senior silicon, hardware, and cryptography executives who are key architects of BTQ’s QCIM patent portfolio.
To speed its path from architecture to commercial-ready chips, BTQ has hired senior engineering talent from blue-chip firms including Apple, Meta, PsiQuantum, Texas Instruments, Tokyo Electron, Samsung, SandboxAQ, and ST Engineering. The expanded team will work closely with Taiwan’s Industrial Technology Research Institute on rapid prototyping, validation, and system-level integration, positioning BTQ to advance QCIM toward tape-out and deepen engagement with government and enterprise customers seeking quantum-safe silicon solutions.
The most recent analyst rating on (TSE:BTQ) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on BTQ Technologies stock, see the TSE:BTQ Stock Forecast page.
QPerfect and South Korea’s SDT have launched a new cloud-based quantum emulation service by integrating QPerfect’s high-performance virtual quantum computer, MIMIQ, into SDT’s QUREKA hybrid quantum platform. The service, live since February 1, 2026, enables academic and industrial users to design, test, and validate quantum algorithms at scales beyond current hardware, preparing software workflows for next-generation, fault-tolerant processors.
For BTQ, which owns a significant stake in QPerfect and plans full acquisition, the deal strengthens its strategy of building foundational quantum software infrastructure and moves its portfolio closer to real-world quantum deployment. The partnership positions the combined MIMIQ–QUREKA offering to capture demand in the growing market for cloud-based quantum simulation and software-led quantum development, potentially accelerating enterprise and research adoption of quantum technologies.
The most recent analyst rating on (TSE:BTQ) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on BTQ Technologies stock, see the TSE:BTQ Stock Forecast page.
BTQ Technologies has entered a strategic collaboration with Taiwan’s Industrial Technology Research Institute (ITRI) to realize and validate its Quantum Compute In Memory (QCIM) chip in silicon, marking a key milestone in advancing the technology from architecture to early hardware validation. The project will benchmark QCIM’s performance, power consumption and feasibility for running next-generation post-quantum security functions, de-risking key design choices and providing the metrics needed to guide product development, integration planning and commercial discussions. The partnership leverages ITRI’s semiconductor research expertise and builds on a collaboration that began in 2022, complementing BTQ’s separate work with South Korea’s ICTK on a fully integrated, commercially deployable post-quantum chipset. By validating compute-in-memory approaches for cryptographic workloads at the silicon level, BTQ aims to lay the groundwork for scalable quantum-secure platforms that can be deployed across demanding government and enterprise environments as demand for quantum-resistant infrastructure accelerates.
The most recent analyst rating on (TSE:BTQ) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on BTQ Technologies stock, see the TSE:BTQ Stock Forecast page.
BTQ Technologies has entered a strategic 2026 collaboration with Taiwan’s Industrial Technology Research Institute to realize and validate its Quantum Compute In Memory (QCIM) security chip in silicon, marking a key milestone in advancing energy-efficient, post-quantum cryptographic hardware. The partnership will benchmark QCIM’s performance, power efficiency and feasibility at the silicon level, de-risking architecture choices, accelerating product development and integration decisions, and underpinning BTQ’s broader commercialization strategy alongside its separate chipset work with ICTK, as governments and enterprises seek scalable quantum-secure infrastructure for demanding real-world environments.
The most recent analyst rating on (TSE:BTQ) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on BTQ Technologies stock, see the TSE:BTQ Stock Forecast page.
BTQ Technologies has been added to the VanEck Quantum Computing UCITS ETF, a Europe-listed fund that tracks the MarketVector Global Quantum Leaders Total Return Net Index and invests in 30 companies with significant quantum computing exposure or verified quantum patent ownership. The inclusion expands regulated European investor access to BTQ’s shares and underscores the company’s growing role in quantum security and infrastructure, positioning it among leading quantum players at a time when the industry is shifting from research to real-world deployment.
The most recent analyst rating on (TSE:BTQ) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on BTQ Technologies stock, see the TSE:BTQ Stock Forecast page.
BTQ Technologies has been added to the VanEck Quantum Computing UCITS ETF, a Europe-listed fund that provides diversified exposure to leading quantum computing companies and tracks the MarketVector Global Quantum Leaders Total Return Net Index. The inclusion expands regulated European access to BTQ’s shares and signals growing recognition of the company’s role in quantum security and enabling infrastructure, including post-quantum cryptography, secure hardware and advanced software, potentially strengthening its visibility among institutional and retail investors active in the fast-developing quantum technology sector.
The most recent analyst rating on (TSE:BTQ) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on BTQ Technologies stock, see the TSE:BTQ Stock Forecast page.
BTQ Technologies has launched the Bitcoin Quantum testnet, the first quantum-safe fork of Bitcoin, timed to coincide with the 17th anniversary of the original network’s genesis block. The testnet replaces Bitcoin’s existing ECDSA signatures with NIST-standardized ML-DSA post-quantum cryptography, aligning with emerging U.S. government security mandates and targeting the protection of trillions of dollars in Bitcoin value that may become vulnerable to future quantum attacks. Open to miners, developers, researchers and users, the permissionless network is positioned as a live, production-grade environment to test and harden quantum-resistant transaction infrastructure before any eventual migration of major crypto networks, with research firm Delphi Digital describing it as a “quantum canary” and potential industry insurance policy amid rapidly accelerating quantum computing breakthroughs.
The most recent analyst rating on (TSE:BTQ) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on BTQ Technologies stock, see the TSE:BTQ Stock Forecast page.
BTQ Technologies has launched the Bitcoin Quantum testnet, the first quantum-safe fork of Bitcoin, timed to the 17th anniversary of the cryptocurrency’s genesis block. The network replaces Bitcoin’s existing ECDSA signatures with NIST-standardized ML-DSA post-quantum cryptography—the same algorithm mandated by U.S. authorities for national security systems—to address the growing risk that future quantum computers could compromise an estimated hundreds of billions of dollars’ worth of BTC whose public keys are already exposed. The open, permissionless testnet invites miners, developers, researchers, and users to mine blocks, build tools, audit the ML-DSA implementation, and stress-test quantum-resistant transactions, positioning the project as a live “quantum canary” environment validated by research firm Delphi Digital. Against a backdrop of rapid quantum-computing advances and tightening government mandates on post-quantum security, the initiative is intended to give the crypto industry a production-ready path to upgrade Bitcoin-like networks before quantum attacks become practical, potentially enhancing BTQ’s role as a key enabler of the sector’s long-term security transition.
The most recent analyst rating on (TSE:BTQ) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on BTQ Technologies stock, see the TSE:BTQ Stock Forecast page.
BTQ Technologies has appointed Lionel de Saint-Exupéry to its Board of Directors and named him Chair of the Audit Committee, bringing in a seasoned executive with extensive experience in global capital markets, alternative asset management, and the strategic growth of large financial institutions. His appointment is expected to strengthen BTQ’s governance and financial oversight as the company scales its quantum and post-quantum security platforms for financial institutions and other critical infrastructure operators worldwide, reinforcing its positioning at the intersection of quantum innovation and the financial system’s growing need for next-generation security.
The most recent analyst rating on (TSE:BTQ) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on BTQ Technologies stock, see the TSE:BTQ Stock Forecast page.
In its year-end letter to shareholders, BTQ Technologies’ CEO Olivier Roussy Newton frames 2025 as a pivotal year in which the shift from classical to post-quantum cryptography is moving from theoretical discussion to real-world deployment, driven by advances in quantum computing, tighter timelines for cryptographic relevance, and policy directives such as the U.S. Department of Defense’s mandate to replace legacy encryption by 2030. Against this backdrop, BTQ highlights its three-pillar strategy—quantum-secure systems and networks, QCIM hardware acceleration and secure elements, and QPerfect neutral atom platforms—and underscores the commercialization opportunity in upgrading an estimated 25+ billion security chips over the next five years, positioning the company as a key enabler of the global migration to post-quantum-secure infrastructure.
The most recent analyst rating on (TSE:BTQ) stock is a Buy with a C$10.00 price target. To see the full list of analyst forecasts on BTQ Technologies stock, see the TSE:BTQ Stock Forecast page.
BTQ Technologies has made a strategic investment in Korean full-stack security firm Keypair, securing co-ownership of Keypair’s existing and future post-quantum cryptography intellectual property and establishing a joint effort to develop post-quantum-ready, hardware-rooted security technologies for critical infrastructure. The deal deepens BTQ’s presence in Korea’s defense, energy, and financial sectors—where Keypair’s secure-element chips are already deployed at national scale—and is expected to strengthen BTQ’s position in infrastructure-grade quantum-safe security by enabling tighter integration of its technology into enterprise and government deployments through partners such as Finger, Danal, and QUINSA, potentially accelerating real-world implementations across payments, identity, and regulated institutional systems.
The most recent analyst rating on (TSE:BTQ) stock is a Buy with a C$10.00 price target. To see the full list of analyst forecasts on BTQ Technologies stock, see the TSE:BTQ Stock Forecast page.