Horizon Quantum Holdings Ltd. Class A Ordinary Shares
The research page contains a warning that has not been mapped to a supported model interpretation. The company research remains available, but the complete score is withheld until the warning is reviewed.
HQ · Price history
Price at last available close
$15.31
+$1.13 (+7.97%) 1M
2026-10-28
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Company & revenue
About Horizon Quantum Holdings Ltd. Class A Ordinary Shares
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
dMY Squared is a company dedicated to facilitating the successful debut of future industry leaders and their ventures on public stock exchanges. The organization endeavors to broaden investor participation in innovative, market-defining companies by expediting and streamlining the entire initial public offering (IPO) procedure.
How they make money
Horizon Quantum Holdings Ltd. is a technology company focused on developing software solutions that enable developers to build and deploy quantum applications. The company generates value by providing tools and platforms designed to bridge the gap between classical computing and quantum hardware, aiming to facilitate the path to quantum advantage for enterprise and research users.
Products & services
The company provides a software development platform and associated tools designed to simplify the programming of quantum computers and the execution of quantum algorithms.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.
Strengths
- Specialized software stack for quantum computingSource
Risks
- Early-stage development and operational risksSource
Company-specific research
Questions worth answering for HQ
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving HQ's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can HQ fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •How is HQ likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What specifically needs to improve for HQ to reach sustainable profitability?
- •What future growth or profitability would be needed to justify HQ's current valuation?
Essential Investment Snapshot
Market Cap
$826.3M
P/E Ratio
-8.0
EPS
$-1.87
52-Week High
$45.00
52-Week Low
$8.29
Beta
0.28
Analyst Target
$20.50
Shares Outstanding
54.0M
Total Debt
$372K
Dividend
No current dividend
Liquidation Value / Share
$0.83
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
High movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for HQ
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Elevated debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative
Community Sentiment
0 active · 0 total callsNo personal call yet on HQ.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Specialized software stack for quantum computing.
Potential downside factors
- −Debt risk (elevated): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Free cash flow is negative.
- −Early-stage development and operational risks.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
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One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
Score changes will appear once more historical records are available.
Price vs. Value
Valuation unavailableCurrent Price
$15.31
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Large reported revenue change: -86.2%
Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $29.74 | $39K | $283K | $39K | ···· |
| Cost of Revenue | $0.00 | $0.00 | $0.00 | $0.00 | ···· |
| Gross Profit | $29.74 | $39K | $283K | $39K | ···· |
| Research & Development | $7.8M | $8.4M | $2.7M | $1.8M | ···· |
| SG&A Expenses | $12.6M | $8.1M | $3.1M | $2.0M | ···· |
| Operating Expenses | $21.4M | $17.3M | $6.5M | $4.0M | ···· |
| EBITDA | -$102.0M | -$16.4M | -$5.2M | -$3.8M | ···· |
| Operating Income | -$21.4M | -$17.3M | -$6.2M | -$3.9M | ···· |
| Interest Expense | $9K | $9K | $39K | $2K | ···· |
| Income Before Tax | -$103.5M | -$18.1M | -$5.9M | -$4.1M | ···· |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· |
| Net Income | -$103.5M | -$18.1M | -$5.9M | -$4.1M | ···· |
| Basic EPS | $-26.43 | $-4.61 | $-1.50 | $-0.68 | ···· |
| Basic Shares | 3.92M | 3.92M | 3.92M | 5.97M | ···· |
| Diluted Shares | 3.92M | 3.92M | 3.92M | 5.97M | ···· |
Earnings Summary
Revenue
$0
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$23.03
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-4.3%
Cash Change
+20220.5%
Margin Change
Not available
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
- Debt reduced
Potential Score Impact
Positive indicators included EPS growth, cash levels, debt levels. Pressure indicators included revenue growth. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 100.0%. EPS increased 2701.9%. Cash increased 20220.5%. Total debt declined 4.3%.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
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Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Software - InfrastructureNews
Horizon Quantum Computing Pte. (NASDAQ:HQ) Stock Price Up 6.6% – Here’s Why
Horizon Quantum Clarifies Certain Information Regarding the Company
Horizon Quantum Builds Software Stack for the Race to Practical Quantum Computing
Horizon Quantum Announces Participation in Upcoming Investor Conferences
Rumor Mill · HQ
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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