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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 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
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 | -0.82 | -236.03% | ― | ― | ― | |
47 Neutral | C$10.53M | -11.19 | -24.65% | ― | -69.94% | -281.40% | |
47 Neutral | C$6.28M | -4.70 | -79.05% | ― | ― | 0.75% | |
45 Neutral | C$14.17M | -1.43 | ― | ― | 17.18% | 79.56% | |
41 Neutral | C$5.84M | -0.44 | ― | ― | -13.42% | -126.00% |
BTQ Technologies Corporate Events
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.
BTQ Technologies has been added to the Defiance Quantum ETF (QTUM), a thematic exchange-traded fund that tracks the BlueStar Machine Learning and Quantum Computing Index. This inclusion is expected to enhance BTQ’s visibility among institutional and retail investors, supporting its strategy to advance quantum internet technologies and post-quantum security solutions. The move signifies a significant milestone for BTQ in its efforts to transition from classical networks to quantum computing platforms, potentially impacting its industry positioning and stakeholder engagement.
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 received research coverage from Delphi Digital, which validates its role in addressing the quantum threat to Bitcoin. The report highlights BTQ’s Bitcoin Quantum as a ‘quantum canary’ network, designed to protect Bitcoin and the digital asset ecosystem from quantum computing threats. This initiative positions BTQ as a pioneer in quantum-safe crypto infrastructure, supporting its strategy to advance Bitcoin Quantum and extend its quantum-safe stack to other digital assets. The report underscores the urgency of quantum risks and the applicability of BTQ’s solutions across the crypto ecosystem, including Ethereum and stablecoins.
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 Corp. has been added to the MSCI Canada Small Cap Index, effective November 25, 2025, marking a significant milestone for the company. This inclusion enhances BTQ’s visibility among institutional investors and reflects its growth and market recognition, supporting its strategic direction and commitment to building long-term value for shareholders.
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’ QPerfect division, in collaboration with Quobly, has launched an upgraded version of their quantum emulator, QLEO, which now features GPU acceleration and full NVIDIA CUDA-Q compatibility. This enhancement significantly boosts the speed and scalability of quantum simulations, facilitating the development of hybrid quantum-classical applications and marking a critical step in advancing industrial-scale quantum computing.
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 provided a corporate update highlighting its progress in commercializing its core products, including Quantum Secure Systems & Networks, QCIM Hardware Acceleration, and QPerfect Integration. The company is aligning its strategies with global regulatory trends and standards in post-quantum cryptography, aiming to secure digital assets and infrastructure against quantum risks. BTQ’s Quantum Secure Stablecoin Network has been recognized as a model for quantum secure settlement, reinforcing its position in the industry. The company’s efforts are crucial as the world transitions to post-quantum cryptographic standards, ensuring that digital trust and security are maintained across various sectors.
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 announced it will host a shareholder call on November 17, 2025, to discuss its Q3 2025 financial results and provide a corporate update. This event follows the release of the company’s financial statements and aims to inform stakeholders about its performance and strategic direction, potentially impacting its market positioning and stakeholder relations.
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 exercised its option to acquire QPerfect, a leading neutral atom quantum computing company based in Strasbourg, France. This acquisition positions BTQ as the first fully integrated neutral atom quantum technology company, enhancing its capabilities in quantum cryptography and computing. The integration of QPerfect’s MIMIQ emulator and Quantum Logical Unit into BTQ’s platform will accelerate the development and deployment of post-quantum security solutions. The acquisition also strengthens BTQ’s European research and development presence, fostering collaborations with universities and national programs. This move is expected to consolidate BTQ’s intellectual property portfolio and support its transition to industrial-scale solutions in neutral atom computing and post-quantum security.
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 been included in Samsung Asset Management’s KoAct Global Quantum Computing Active ETF, enhancing its visibility among Asia-based institutional and thematic investors. This inclusion underscores BTQ’s growing role in the quantum ecosystem and aligns with its strategy to scale post-quantum security solutions across various sectors, strengthening its presence in Korea and the broader Asia-Pacific region.
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 entered into a USD 15 million strategic investment and development agreement with Korea’s leading secure element chip manufacturer, ICTK, to co-develop a quantum-secure chip known as Quantum Compute in Memory (QCIM). This partnership aims to address cybersecurity threats posed by quantum computing, focusing on safeguarding digital assets and stablecoin markets. The collaboration will leverage BTQ’s post-quantum cryptography technology and ICTK’s manufacturing capabilities to deliver a commercially deployable, quantum-resistant hardware platform. The initiative aligns with Korea’s Quantum Defense Strategy and seeks to accelerate the deployment of quantum-safe technologies across various sectors, including defense, finance, and communications, enhancing commercialization speed and strategic self-reliance.
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 partnered with Bonsol Labs to achieve a significant milestone by demonstrating the first NIST-standardized post-quantum cryptography signature verification on the Solana blockchain. This development addresses critical quantum security vulnerabilities, ensuring Solana’s high-speed transaction capabilities are maintained while enhancing security against quantum threats. The partnership strategically positions BTQ at the forefront of securing emerging internet capital markets, as Solana processes over $1 trillion in annual decentralized exchange volume. This advancement not only solves technical challenges but also supports the quantum-safe evolution of internet capital markets, with implications for major institutional stakeholders and regulatory compliance.
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 announced the successful demonstration of a quantum-resistant Bitcoin implementation using NIST-standardized post-quantum cryptography. This development replaces Bitcoin’s vulnerable ECDSA signatures with NIST-approved ML-DSA, providing a secure path to protect the $2.4 trillion Bitcoin market from emerging quantum threats. The initiative is crucial as quantum computing advancements pose significant risks to Bitcoin’s security, with adversaries potentially exploiting exposed public keys. BTQ’s roadmap includes further testing and integration with exchanges and wallets, aiming to safeguard Bitcoin’s market value and security foundation.
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.