Xanadu Posts 32% Revenue Growth as Government Funding and Partnerships Expand

At a glance

Quantum computing company Xanadu reported third-quarter revenue of $1.3 million, up 32% from a year earlier. Canadian government loan funding and additional U.S. defense support also moved forward during the same period.

Key points

1. 1

   Third-quarter revenue reached $1.3 million, up 32% from a year earlier.

2. 2

   Cash stood at $286.5 million at the end of September.

3. 3

   The company agreed to about $140 million in Canadian government loan funding.

4. 4

   Its quarterly net loss widened to $32.2 million, and research and development spending rose 67%.

Why it matters

Quantum computers are still before commercial use, so revenue should be read alongside government support and losses to see the company's real position.

Also reported by

• Quantum Computing ReportXanadu Reports Q3 2026 Results with $286M Cash Balance and Expanding R&D Commitments