Xanadu Announces Q1 2026 Financial Results: Historic Nasdaq Debut and $285M Government Funding Negotiations - Quantum Computing Report

Xanadu Quantum Technologies Ltd. (NASDAQ/TSX: XNDU) has announced its financial results for the first quarter ended March 31, 2026. This quarter represents a major landmark for the Toronto-based company, featuring its public market debut as the first pure-play photonic quantum computing firm on the Nasdaq and TSX, alongside explosive year-over-year revenue expansion. Because of the recent reverse recapitalization resulting from its SPAC merger, historical share counts and metrics have been retroactively recast. The table below summarizes key GAAP financial metrics for Q1 2026 compared with the year-ago quarter (Q1 2025). Amounts in $M Q1’2026 Q1’2025 % Change Revenue $2.83 $0.70 +304.3% [...]

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