# Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (XNDU) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Software. Price $9.72, market value $3.0 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 458.5×**. Each dollar of revenue is priced at 458.5×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 9.4×**. The shares trade at 9.4× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -2.1%**. Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 93.4%**. Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares keeps 93.4% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Return on equity: -289.1%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -194.2%**. Return on all capital, debt included, is -194.2%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -183.5%**. Each dollar of assets produces -183.5% of profit.

## Growth
- **Revenue growth (1 yr): 204.5%**. Revenue grew 204.5% over the last year.
- **EPS growth (1 yr): -61.1%**. Earnings per share fell 61.1%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 1.57**. Debt is 1.57 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: net cash**. Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares holds more cash than debt.
- **Current ratio: 4.48** (quick 3.55). Current assets cover the next year's liabilities 4.48 times.
- **Altman Z-score: 50.51**. A Z-score of 50.51 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (3 analysts). 3 analysts cover Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares; the consensus is strong_buy, with an average price target of $33.00 (+240% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **From 52-week high: -77.1%** (39.5% above the low). Trading 77% below its 52-week high, deep in a drawdown.
- **RSI (14-day): 41**. An RSI of 41 is neutral.
- **Beta (1 yr): 4.71** (volatility 214%). Beta of 4.71 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=XNDU · Page: https://foliofundamentals.com/stocks/xndu

Not investment advice.