Horizon Quantum Computing Pte. (NASDAQ:HQ) Posts Earnings Results

Posted by Trevor Kearing on May 6th, 2026

Horizon Quantum Computing Pte. (NASDAQ:HQ – Get Free Report) released its earnings results on Tuesday. The quantum computing company reported ($0.09) EPS for the quarter, Zacks reports.

Here are the key takeaways from Horizon Quantum Computing Pte.’s conference call:

Horizon raised capital via its business combination and PIPE and ended Q1 with $96.6 million in cash, while headcount grew to 52 FTEs—management says this provides runway and staffing to execute the roadmap.
The company deepened hardware relationships (Alice & Bob, AQT), operates an in‑house testbed (Ember One), and secured a 256‑qubit IonQ trapped‑ion system expected to be installed in 2027 to accelerate multimodal integration.
Significant software progress: Horizon advanced its stack (Hydrogen, Helium) and expanded features/stability of previewed Beryllium, aiming to automate compilation of classical code to quantum algorithms and tighten runtime‑level hardware integration via Triple Alpha.
Costs and losses widened in Q1—operating expenses were $6.5M, net loss $3.6M and Adjusted EBITDA loss $4.1M—driven by aggressive hiring and higher operating cash use of $4.2M for the quarter.

Horizon Quantum Computing Pte. Stock Up 10.4%

NASDAQ HQ traded up $1.01 on Wednesday, reaching $10.70. The stock had a trading volume of 83,687 shares, compared to its average volume of 150,056. The firm has a market cap of $551.65 million, a price-to-earnings ratio of -3.40 and a beta of 0.46. Horizon Quantum Computing Pte. has a 12-month low of $8.29 and a 12-month high of $14.22.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on Horizon Quantum Computing Pte. in a research note on Tuesday, April 21st. They set a “sell (e-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

View Our Latest Stock Report on Horizon Quantum Computing Pte.

Horizon Quantum Computing Pte. Company Profile

(Get Free Report)

Horizon Quantum Holdings Ltd. is a quantum software infrastructure company focused on tools and systems that help developers build and deploy quantum applications. The company emphasizes software, algorithms, and workflow infrastructure intended to support practical quantum and hybrid quantum-classical use cases.

Horizon Quantum became a public company through its business combination with dMY Squared Technology Group, Inc (DMYY), which was formed to take a private company public through a business combination.