BTQ Technologies Corp. (TSE:BTQ)
NEO-L:BTQ
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BTQ Technologies
(NEO-L:BTQ)
Select Model
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Rating:47Neutral
Price Target:
C$0.09
▼(-1.11% Downside)
Action:N/ADate:01/04/26
The score is primarily held back by very weak profitability and materially negative operating/free cash flow despite improving results year over year. A debt-free balance sheet provides some support, but valuation remains constrained by losses and technical signals indicate limited trend strength with extreme momentum readings.
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 GrowthN/A
EPS GrowthN/A
CountryCA
Employees38
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.07
Shares Outstanding140,400,920
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio1.29
Price to Book (P/B)61.66
Price to Sales (P/S)734.26
P/FCF Ratio-98.47
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. engages in the development of computer-based technology related to post-quantum cryptography for applications in blockchain and related technologies. Its products include PQScale is a scaling mechanism for lattice-based post...
How the Company Makes Money
null...
BTQ Technologies Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
58
Neutral
Cash Flow
30
Negative
| 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
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$7.87M | -36.81 | -236.03% | ― | ― | ― | |
47 Neutral | C$10.18M | -29.38 | -21.69% | ― | -69.94% | -281.40% | |
45 Neutral | C$5.84M | -0.41 | ― | ― | -13.42% | -126.00% | |
45 Neutral | C$8.66M | -3.84 | 286.87% | ― | 17.18% | 79.56% |
* Technology Sector Average
TSE:BTQ
BTQ Technologies
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0.00%
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BTQ Technologies Corporate Events
Business Operations and StrategyProduct-Related Announcements
BTQ Wins Australian Support to Fast-Track Commercial Launch of Post-Quantum QCIM Chip
Positive
Mar 9, 2026
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 cryptograph...
Business Operations and Strategy
BTQ Technologies Joins WisdomTree Quantum Computing ETF, Boosting U.S. Visibility
Positive
Mar 2, 2026
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...
Business Operations and Strategy
BTQ Technologies Joins WisdomTree Quantum Computing Fund, Broadening U.S. ETF Exposure
Positive
Mar 2, 2026
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 technol...
Business Operations and Strategy
BTQ Technologies Opens New York Quantum Hardware Hub, Bolsters QCIM Engineering Team
Positive
Feb 25, 2026
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 comp...
Business Operations and StrategyProduct-Related Announcements
BTQ-Backed QPerfect, SDT Launch Cloud Quantum Emulation on QUREKA
Positive
Feb 24, 2026
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 sin...
Business Operations and Strategy
BTQ Teams With ITRI to Validate Quantum-Secure QCIM Chip in Silicon
Positive
Jan 21, 2026
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 techn...
Business Operations and StrategyProduct-Related Announcements
BTQ Teams With ITRI to Validate Quantum-Secure QCIM Chip in Silicon
Positive
Jan 21, 2026
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 en...
Business Operations and Strategy
BTQ Technologies Joins VanEck Quantum Computing UCITS ETF, Broadening European Investor Access
Positive
Jan 13, 2026
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 v...
Business Operations and StrategyDelistings and Listing Changes
BTQ Technologies Joins VanEck Quantum Computing ETF, Boosting European Investor Access
Positive
Jan 13, 2026
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. Th...
Business Operations and StrategyProduct-Related Announcements
BTQ Technologies Unveils Quantum-Safe Bitcoin Testnet as Quantum Threat Looms
Positive
Jan 12, 2026
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 signa...
Business Operations and StrategyProduct-Related Announcements
BTQ Technologies Unveils Quantum-Safe Bitcoin Testnet to Tackle Emerging Crypto Security Threats
Positive
Jan 12, 2026
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-...
Business Operations and StrategyExecutive/Board Changes
BTQ Technologies Adds Veteran Financier Lionel de Saint-Exupéry as Audit Chair
Positive
Jan 5, 2026
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, a...
Business Operations and Strategy
BTQ Technologies CEO Flags Rapid Shift to Post-Quantum Security in 2025 Year-End Letter
Positive
Dec 29, 2025
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, ...
Business Operations and Strategy
BTQ Technologies Buys Stake in Korea’s Keypair to Co-Develop Post-Quantum Infrastructure Security
Positive
Dec 18, 2025
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 po...
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.