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ARQQ vs HQ: Which Quantum Stock Is Better? Arqit Quantum (Quantum Security) vs Horizon Quantum (Quantum Software) — live market, SEC financial and quantum-hardware data side by side.
HQ is the larger company at $1.43B market cap, about 2.8× the size of ARQQ ($505.24M).
On cash runway — the metric that decides who needs to raise money first — HQ is stronger (91mo vs 15mo).
Metric ARQQ Arqit Quantum HQ Horizon Quantum Market Price $29.72 $27.76 Market Cap $505.24M $1.43B 1Y Return -14.3% — 52W High $62.00 $45.00 52W Low $11.52 $8.29 Financials Revenue (latest FY) $530.0K — Revenue YoY +80.9% — Net Income $-35,343,000 — Cash & Equivalents $36.98M $96.60M Cash Runway 15mo 91mo Risk Going Concern Flag No No ATM Offerings (dilution) 26 3 Daily Short Vol % 65.3% 63.5% Beta (1Y vs SPY) 1.34 0.71 Government & Research Federal Awards Total $0 — Academic Citations — — Patents — — Quantum Technology Physical Qubits — — Qubit Modality — Software-Defined (Hardware-Agnostic) 2Q Gate Fidelity — — Cloud Platforms SKA-Platform (SaaS), SKA-PI (Private Instance) Triple Alpha IDE (own platform), Rigetti Novera QPU testbed (Singapore HQ) Roadmap Target Global enterprise and telco rollout via SKA-CC for MSPs and sovereign private deployments Triple Alpha testbed access for developers 2026; full-stack enterprise quantum application platform 2026–2027 Company Founded 2017 2018 Headquarters London, UK Singapore Employees — —
ARQQ vs HQ FAQ Is ARQQ or HQ the bigger company?
HQ is larger, with a market cap of $1.43B versus $505.24M for ARQQ.
Which has the longer cash runway, ARQQ or HQ?
ARQQ's cash runway is 15mo and HQ's is 91mo (current cash ÷ trailing-twelve-month operating burn; "CF+" means cash-flow positive).
What technology do ARQQ and HQ use?
Arqit Quantum (ARQQ): Quantum Security. Horizon Quantum (HQ): Software-Defined (Hardware-Agnostic). Qubit counts are not directly comparable across different modalities.
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