Arqit Quantum (Quantum Security) vs Horizon Quantum (Quantum Software) — live market, SEC financial and quantum-hardware data side by side.
Direct verdict: ARQQ vs HQ
HQ leads this data snapshot on 3 of the five headline market, financial, runway, return and dilution measures with comparable data. The better investment still depends on valuation, technology execution and risk tolerance.
HQ is the larger company at $880.28M market cap, about 2.9× the size of ARQQ ($305.59M).
ARQQ reports more revenue ($530.00K vs $38.88K for HQ, latest fiscal year).
On cash runway — the metric that decides who needs to raise money first — HQ is stronger (86mo vs 8mo).
ARQQ vs HQ Performance (% return, all start at 0%)
HQ is larger, with a market cap of $880.28M versus $305.59M for ARQQ.
Which has the longer cash runway, ARQQ or HQ?
ARQQ's cash runway is 8mo and HQ's is 86mo (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.