Horizon Quantum Holdings Ltd. Class A (HQ) AI Stock Analysis

Horizon Quantum Holdings Ltd. develops programming tools and software that simplify and automate the process of developing applications for quantum computers. Its tools enable developers to build reusable quantum circuits from functions written in classical languages such as C and C++. The company provides code portability features for compiling and optimizing quantum programs for diverse quantum hardware, along with a web-based integrated development environment called Triple Alpha for writing, compiling, and deploying software. Horizon Quantum serves software developers and technology professionals seeking to optimize software across quantum hardware. The company also maintains a strategic collaboration with Q.M Technologies Ltd.

Revenue grew from $50,092 in FY2023 to $361,556 in FY2024 before dropping 86.2% to $50,000 in FY2025, yielding a 2-year revenue CAGR of -0.1%. Gross margin was 100.0% in all three fiscal years. However, net losses expanded from -$5.2M in FY2023 to -$7.5M in FY2024 and -$23.1M in FY2025, driven by research and development expenses rising to $10.7M in FY2025. Diluted EPS was -$4.55 in FY2025 compared to -$0.21 in FY2024. For the trailing twelve months ended June 30, 2026, revenue stood at $175 with an operating margin of -12174603.0% and quarterly revenue fell 100.0% year-over-year.

As of June 30, 2026, the company held $146.4M in cash and short-term investments and $474,977 in total debt, resulting in net cash of $145.9M. Its current ratio stood at 33.84, with a debt-to-equity ratio of 0.01 and shareholders' equity of $56.9M. In FY2025, operating cash flow was -$452,757 and free cash flow was -$452,762. Cash used in FY2025 included capital expenditures of $5 and share buybacks totaling $189,999.

HQ carries a market cap of $674.1M and an enterprise value of $692.1M. The stock trades at a price-to-book ratio of 18.4x. By comparison, the median of its US-listed Technology peers trades at a price-to-sales multiple of 2.8x, a forward P/E of 18.8x, and an EV/EBITDA multiple of 16.6x. Over the past year, HQ stock declined 2.1%, while the S&P 500 (SPY) returned 16.8%. The stock traded at $12.49 as of October 16, 2026, which is 12.0% below its 200-day average.

Two analysts cover HQ, with 1 Strong Buy rating, 1 Buy rating, and zero Hold, Sell, or Strong Sell ratings. The mean price target is $20.50, representing a 64.1% upside compared to the last close of $12.49. For the fiscal year ending December 31, 2026, consensus estimates project an EPS of -$0.38 and revenue of $0. For the next fiscal year, analysts forecast an EPS of -$0.50 on revenue of $0. The next earnings date is November 13, 2026.

This page is an AI-written research summary of Horizon Quantum Holdings Ltd. Class A (HQ). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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