Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (XNDU) Key Metrics
XNDU key metrics, 2023–2025
Fiscal year ended December 31, 2025 · Canadian dollarsXNDU returns How much profit the business earns on the capital it uses.
XNDU financial health Debt, liquidity and how easily interest is covered.
XNDU efficiency & capital use Working capital cycle and where the cash goes.
XNDU returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
XNDU debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
XNDU key metrics in Canadian dollars
2023–2025| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Returns & profitability | |||
| Return on equity (ROE) | −36.8% | −41.9% | −27.0% |
| Return on invested capital (ROIC) | −30.3% | −120.8% | −104.8% |
| Return on assets (ROA) | −33.1% | −34.3% | −23.6% |
| Return on tangible assets | −23.1% | −40.6% | −24.0% |
| Free cash flow margin | −59.1% | — | — |
| Financial health | |||
| Total debt | C$30.0M | C$24.9M | C$17.0M |
| Cash & short-term investments | C$367,345 | C$77.6M | C$117.5M |
| Net debt | C$29.6M | −C$52.7M | −C$100.5M |
| Debt / equity | 0.10 | 0.28 | 0.13 |
| Debt / assets | 0.10 | 0.21 | 0.11 |
| Current ratio | 0.27 | 16.78 | 39.93 |
| Quick ratio | −3.75 | 16.19 | 39.93 |
| Working capital | −C$1.5M | C$85.0M | C$120.5M |
| Invested capital | C$326.3M | C$34.8M | C$31.4M |
| Tangible asset value | C$291.6M | C$84.0M | C$128.9M |
| Net current asset value | −C$13.6M | C$61.1M | C$104.5M |
| Capital allocation | |||
| Capex / revenue | 192.0% | 420.1% | 420.3% |
| Capex / depreciation | 1.32 | 1.17 | 2.31 |
| Stock-based compensation / revenue | 87.0% | 182.1% | 89.0% |
| R&D / revenue | 1,196.4% | 2,468.4% | 1,440.8% |
| SG&A / revenue | 359.6% | 498.0% | 267.9% |
| Efficiency | |||
| Days sales outstanding | 53.7 | 311.2 | 213.6 |
| Days of inventory on hand | 5,834.9 | 1,256.7 | 6.6 |
| Days payables outstanding | 2,251.7 | 811.5 | 253.4 |
| Cash conversion cycle (days) | 3,637.0 | 756.5 | -33.1 |
| Receivables turnover | 6.79 | 1.17 | 1.71 |
| Payables turnover | 0.16 | 0.45 | 1.44 |
| Inventory turnover | 0.06 | 0.29 | 55.00 |
| Asset turnover | 0.02 | 0.01 | 0.02 |
| Average receivables | C$679,500 | C$1.4M | C$1.5M |
| Average payables | C$2.2M | C$1.0M | C$420,000 |
| Average inventory | C$5.8M | C$1.6M | C$11,000 |
| Intangibles / total assets | 1.6% | 3.0% | 2.0% |
Computed from XNDU's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Canadian dollars; data from EODHD. Averages use the opening and closing balance of each year.
XNDU valuation and financial ratios
Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares earned a return on equity of −36.8% and a return on invested capital of −30.3% in fiscal 2025. It ended the year with C$30.0 million of debt and C$0.4 million in cash and short-term investments, net debt of C$29.6 million.
See the XNDU income statement, the XNDU chart for price history, or the XNDU stock overview for the latest quote and news.
XNDU key metrics FAQ
What is Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares's return on equity?
Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares's return on equity (ROE) was −36.8% in fiscal 2025: net income of -C$70.7 million on average shareholders' equity of C$192.1 million.
What is Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares's ROIC?
Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares's return on invested capital was −30.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares have?
Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares had total debt of C$30.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.10.
What is Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares's current ratio?
Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares's current ratio was 0.27 at the end of fiscal 2025: current assets were 0.27 times current liabilities.