A company that generated $31 million in revenue last year wants public market investors to value it at $12.7 billion. Welcome to quantum computing in 2026.
Quantinuum, the Broomfield, Colorado-based quantum computing firm majority-owned by Honeywell, has filed for a US IPO that would place it on Nasdaq under the ticker QNT. The company plans to offer roughly 21 million shares priced between $45 and $50 each, targeting up to $1.05 billion in proceeds.
The numbers behind the quantum bet
Quantinuum posted approximately $36 million in revenue for the twelve months ending March 31, 2026. That’s up from about $31 million for the full calendar year 2025. The company also reported a net loss of $192.6 million in 2025.
That proposed $12.7 billion valuation represents a 27% premium over the $10 billion pre-money valuation Quantinuum achieved during a private funding round in September 2025. That round pulled in $600 million from investors.
