Horizon Quantum Holdings Ltd. Class A (HQ) Income Statement
HQ 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHQ revenue and net income
Where HQ's revenue goes
2025Each bar shows an amount and its share of revenue. HQ kept −46,131.4% of revenue as net income.
HQ profit margins
HQ growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −86.2% | — | — | — |
| Gross profit | −86.2% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HQ quarterly EPS vs estimates
Horizon Quantum beat the analyst EPS estimate in 0 of the last 1 quarters. Next report: November 13, 2026.
HQ income statement
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $50,000 | $361,556 | $50,092 | $0 |
| Cost of revenue | $0 | $0 | $0 | — |
| Gross profit | $50,000 | $361,556 | $50,092 | — |
| Research & development | $10.7M | $3.5M | $2.2M | — |
| Sales, general & admin | $10.4M | $3.9M | $2.6M | — |
| Total operating expenses | $22.1M | $8.2M | $5.1M | $1.5M |
| Operating income | −$22.1M | −$7.9M | −$5.0M | −$1.5M |
| Interest expense | $11,954 | $49,670 | $2,343 | — |
| Income before taxes | −$23.1M | −$7.5M | −$5.2M | −$3.1M |
| Income taxes | $208,542 | — | — | $116,012 |
| Net income | −$23.1M | −$7.5M | −$5.2M | −$3.2M |
| EBITDA | −$21.0M | −$6.6M | −$4.9M | −$1.5M |
| EPS (diluted) | −$4.55 | −$0.21 | $0.29 | −$0.30 |
| Gross margin | 100.0% | 100.0% | 100.0% | — |
| Operating margin | −44,114.7% | −2,181.0% | −10,017.7% | — |
| Net margin | −46,131.4% | −2,078.7% | −10,351.4% | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $49,962 | $0 | $155,000 | $0 | $25,000 | $25,000 | $0 | $0 |
| Cost of revenue | $434,199 | — | — | — | $0 | — | $0 | — | $0 | $0 | — | — |
| Gross profit | −$434,199 | — | — | — | $49,962 | — | $155,000 | — | $25,000 | $25,000 | — | — |
| Research & development | $2.6M | $2.7M | — | — | $1.6M | $4.5M | — | — | — | — | — | — |
| Sales, general & admin | $4.2M | $5.2M | — | — | $2.1M | $1.7M | — | — | — | — | — | — |
| Total operating expenses | $7.2M | $8.4M | $1.2M | $2.6M | $3.9M | $6.4M | $4.4M | $368,550 | $3.8M | $3.8M | $1.0M | $329,654 |
| Operating income | −$7.2M | −$8.4M | −$1.2M | −$2.6M | −$3.9M | −$6.4M | $37,139 | −$368,550 | −$1.7M | −$1.7M | −$1.0M | −$329,654 |
| Interest expense | $2,694 | $3,852 | — | — | $3,189 | $3,380 | — | — | — | — | — | — |
| Income before taxes | −$115.2M | −$4.6M | −$6.0M | −$1.1M | −$4.1M | −$6.5M | −$640,418 | $369,994 | −$1.5M | −$1.5M | $980,243 | $120,275 |
| Income taxes | — | −$7,615 | −$5,923 | $84,601 | $65,490 | — | $8,663 | $183,677 | $314,187 | $71,498 | $118,063 | $220,168 |
| Net income | −$115.2M | −$4.6M | −$6.0M | −$1.2M | −$4.1M | −$6.5M | −$649,081 | $186,316 | −$435,133 | −$6.6M | $862,179 | −$99,893 |
| EBITDA | −$114.8M | −$4.2M | −$1.2M | −$2.6M | −$3.9M | −$6.3M | $37,139 | −$368,550 | −$559,874 | −$624,624 | −$1.0M | −$329,654 |
| EPS (diluted) | −$0.13 | −$0.09 | −$1.52 | −$0.24 | −$1.63 | −$1.16 | −$0.12 | $0.04 | −$0.08 | −$0.04 | $0.08 | −$0.01 |
| Gross margin | — | — | — | — | 100.0% | — | 100.0% | — | 100.0% | 100.0% | — | — |
| Operating margin | — | — | — | — | −7,793.6% | — | 24.0% | — | −6,766.6% | −6,766.6% | — | — |
| Net margin | — | — | — | — | −8,220.7% | — | −418.8% | — | −1,740.5% | −26,470.6% | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HQ's financial statements (latest annual report filed April 14, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HQ financial results
In fiscal year 2025 (ended December 31, 2025), Horizon Quantum reported revenue of $0.1 million, down 86.2% from the year before. It had a net loss of $23.1 million, a net profit margin of −46,131.4%. Diluted earnings per share came to −$4.55.
See the HQ stock overview for the latest quote and news, or the HQ chart for price history and technical indicators.
HQ income statement FAQ
What is Horizon Quantum's annual revenue?
Horizon Quantum reported total revenue of $0.1 million for fiscal year 2025, which ended on December 31, 2025. That was down 86.2% from $0.4 million the previous year.
Is Horizon Quantum profitable?
No. Horizon Quantum reported a net loss of $23.1 million in fiscal 2025, a net profit margin of −46,131.4%; its operating margin was −44,114.7%.
What is Horizon Quantum's gross margin?
Horizon Quantum's gross margin was 100.0% in fiscal 2025: for every $100 of revenue, Horizon Quantum kept $100 after the direct cost of its products and services.
How much does Horizon Quantum spend on research and development?
Horizon Quantum spent $10.7 million on research and development in fiscal 2025, 21,392.6% of revenue.
What are Horizon Quantum's earnings per share?
Horizon Quantum earned $-4.55 per diluted share in fiscal 2025, compared with $-0.21 a year earlier.
When will Horizon Quantum report its next earnings?
Horizon Quantum is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Horizon Quantum's fiscal year end?
Horizon Quantum's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 14, 2026.