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IONQ vs XNDU: Which Quantum Stock Is Better? IonQ (Trapped-Ion) vs Xanadu (Photonic) — live market, SEC financial and quantum-hardware data side by side.
IONQ is the larger company at $19.18B market cap, about 5.4× the size of XNDU ($3.53B).
They take different technical paths: IONQ reports 100 qubits (#AQ (Algorithmic Qubits)), while XNDU reports 12 qubits (Logical GKP Qubits (Photonic / CV-QC)) — raw counts are not directly comparable across modalities.
Metric IONQ IonQ XNDU Xanadu Market Price $51.40 $11.85 Market Cap $19.18B $3.53B 1Y Return +28.2% — 52W High $84.64 $42.44 52W Low $25.89 $6.97 Financials Revenue (latest FY) $130.02M — Revenue YoY +201.9% — Net Income $-510,378,000 — Cash & Equivalents $2.04B $272.46M Cash Runway 61mo — Risk Going Concern Flag No No ATM Offerings (dilution) 18 6 Daily Short Vol % 49.8% 47.0% Beta (1Y vs SPY) 0.89 0.62 Government & Research Federal Awards Total $302.98M — Academic Citations 38K 114K Patents — — Quantum Technology Physical Qubits 100 12 Qubit Modality #AQ (Algorithmic Qubits) Logical GKP Qubits (Photonic / CV-QC) 2Q Gate Fidelity 99.6% — Cloud Platforms AWS Braket, Azure Quantum, Google Cloud, IonQ Quantum Cloud PennyLane (Open Source), Xanadu Quantum Cloud (partner access) Roadmap Target #AQ 64 achieved Sept 2025 (Tempo); 256-qubit chip-based system shipments 2026; 800 logical qubits by 2027; fault-tolerant at scale 2028–2030 Fault-tolerant photonic quantum data center by 2028–2029; 500 logical qubits by 2029–2030 Company Founded 2015 2016 Headquarters College Park, MD Toronto, ON, Canada Employees — —
IONQ vs XNDU FAQ Is IONQ or XNDU the bigger company?
IONQ is larger, with a market cap of $19.18B versus $3.53B for XNDU.
Which has the longer cash runway, IONQ or XNDU?
IONQ's cash runway is 61mo and XNDU's is — (current cash ÷ trailing-twelve-month operating burn; "CF+" means cash-flow positive).
What technology do IONQ and XNDU use?
IonQ (IONQ): #AQ (Algorithmic Qubits). Xanadu (XNDU): Logical GKP Qubits (Photonic / CV-QC). Qubit counts are not directly comparable across different modalities.
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