Loading…
Quantum-computing company majority owned by Honeywell, building trapped-ion quantum computers and quantum software/security tools.
Quantum-computing company majority owned by Honeywell, building trapped-ion quantum computers and quantum software/security tools.
Sells access to its quantum computers over the cloud to enterprises and research labs, plus software tools; those sales are still small beside heavy research and hardware spending, so it relies on funding from outside investors and its parent. Formed in 2021 when Honeywell's quantum unit merged with Cambridge Quantum, with Honeywell holding the majority.
In one line: A Honeywell-backed peer to IonQ and Rigetti.
Moat: narrow (IP / patents, process know-how). Industry-leading trapped-ion qubit fidelity, though still pre-commercial-scale.
Headquarters: Broomfield, Colorado, US · Founded: 2021 · Employees: 700
Size Quantinuum (QNT) is a United States Information Technology company (Computer Processing Hardware) with a market value of $9.89B, the 783rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $37.57 on 6 Nov 2026.
Growth Revenue grew 34.6% over the last twelve months (peer median +28.4%); the operating margin is -644.3% (peer median 3.8%).
Valuation It trades at 336.4× enterprise value to sales against a peer median of 1.3× (most expensive of 20).
Capital Return on invested capital runs 25.0 points below its cost of capital (19.8% WACC).
Backlog Backlog (remaining performance obligations) was $74.2M at 30 Jun 2026. Backlog detail →
Short interest Short interest is 15.9% of the free float (15 Oct 2026).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Revenue | n/a | $30.9M | $23.0M |
| Revenue growth | — | +35% | — |
| Gross profit | n/a | -$3.57M | -$20.1M |
| EBITDA | n/a | -$170M | -$121M |
| Net income | n/a | -$193M | -$144M |
| Free cash flow | n/a | -$225M | -$135M |
| Capital expenditure | n/a | $75.1M | $14.0M |
| Total debt | $32.7M | $10.5M | $7.63M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Quantinuum QNT | $9.89B | n/a | +35% | -644% | 336.4× | n/a |
| IonQ IONQ | $14.0B | -34% | +371% | -392% | 48.5× | n/a |
| RGTI RGTI | $3.92B | -38% | +68% | -728% | 264.8× | n/a |
| QBTS QBTS | $4.05B | -25% | -44% | -1,373% | 286.2× | n/a |
| IBM IBM | $232B | +6% | +7% | 21% | 4.1× | 7.6% |
| Alphabet Inc. (Class A) GOOGL | $3.47T | -29% | +22% | 33% | 7.2× | 18.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | QNT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.5% | -14.1% | 8th highest of 21 |
| Distance from 52-week high | -56.7% | -33.8% | 3rd lowest of 21 |
| Revenue growth (TTM) | +34.6% | +28.4% | 8th highest of 20 |
| Operating margin | -644.3% | 3.8% | 3rd lowest of 20 |
| EV / Sales | 336.4× | 1.3× | most expensive of 20 |
| ROIC minus cost of capital | -25.0 pp | +1.1 pp | 4th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Quantinuum QNT | United States | $9.89B | n/a | +35% | -644% | 336.4× | n/a | n/a |
| Sharetronic Data Technology 300857.SZ | China | $11.4B | -40% | +127% | 21% | 4.8× | n/a | n/a |
| IEIT SYSTEMS Co., Ltd.Class A 000977.SZ | China | $12.1B | -21% | +14% | 3% | 0.5× | 7.7% | +21.2% |
| Pegatron 4938.TW | Taiwan | $7.52B | +14% | -6% | 1% | 0.2× | n/a | n/a |
| GoerTek 002241.SZ | China | $13.1B | 0% | -3% | 2% | 1.0× | n/a | n/a |
| SeeYA Technology 688781.SS | China | $7.11B | +17% | n/a | n/a | n/a | n/a | n/a |
| IonQ IONQ | United States | $14.0B | -34% | +371% | -392% | 48.5× | n/a | n/a |
| Lingyi iTech (Guangdong) 002600.SZ | China | $14.2B | -17% | +9% | 6% | 1.9× | n/a | n/a |
| Advantech 2395.TW | Taiwan | $14.5B | +39% | +40% | 19% | 4.8× | 9.5% | +6.8% |
| Zebra Technologies ZBRA | United States | $15.2B | +42% | +17% | 17% | 2.9× | 14.8% | +4.1% |
| Wistron 3231.TW | Taiwan | $16.3B | +13% | +107% | 4% | 0.4× | n/a | n/a |
| Dawning Information Industry 603019.SS | China | $16.8B | -17% | +32% | 13% | 6.0× | 31.2% | +8.0% |
| Inventec 2356.TW | Taiwan | $5.71B | +12% | +16% | 2% | 0.3× | n/a | n/a |
| China Greatwall Technology 000066.SZ | China | $5.40B | -42% | +28% | -1% | 2.4× | n/a | n/a |
| Supermicro SMCI | United States | $18.9B | -19% | +156% | 9% | 0.5× | n/a | n/a |
| Asustek Computer 2357.TW | Taiwan | $19.3B | +55% | +32% | 6% | 0.8× | n/a | n/a |
| Guangzhou Shiyuan Electronic Technology 002841.SZ | China | $4.37B | +13% | +35% | 8% | 0.8× | -2.7% | +7.3% |
| Compal Electronics 2324.TW | Taiwan | $4.15B | +8% | -4% | 1% | 0.2× | n/a | n/a |
| QBTS QBTS | United States | $4.05B | -25% | -44% | -1,373% | 286.2× | n/a | n/a |
| RGTI RGTI | United States | $3.92B | -38% | +68% | -728% | 264.8× | n/a | n/a |
| NCR Atleos NATL | United States | $3.49B | +7% | +2% | 14% | 1.3× | -9.2% | +1.8% |
Quantinuum reported $74.2M of remaining performance obligations at 30 Jun 2026.