Quantum Market Cap

QUBT vs HQ: Which Quantum Stock Is Better?

Quantum Computing Inc (Photonic) vs Horizon Quantum (Quantum Software) — live market, SEC financial and quantum-hardware data side by side.

QUBT is the larger company at $2.13B market cap, about 1.5× the size of HQ ($1.43B).

On cash runway — the metric that decides who needs to raise money first — QUBT is stronger (335mo vs 91mo).

They take different technical paths: QUBT reports its qubit count (Photonic Variables (EQC — Entropy Quantum Computing)), while HQ reports its qubit count (Software-Defined (Hardware-Agnostic)) — raw counts are not directly comparable across modalities.

MetricQUBTQuantum Computing IncHQHorizon Quantum
Market
Price$9.43$27.76
Market Cap$2.13B$1.43B
1Y Return-49.4%—
52W High$25.84$45.00
52W Low$6.18$8.29
Financials
Revenue (latest FY)$682.0K—
Revenue YoY+82.8%—
Net Income$-18,674,000—
Cash & Equivalents$986.11M$96.60M
Cash Runway335mo91mo
Risk
Going Concern FlagNoNo
ATM Offerings (dilution)163
Daily Short Vol %60.4%63.5%
Beta (1Y vs SPY)1.850.71
Government & Research
Federal Awards Total$1.45M—
Academic Citations——
Patents——
Quantum Technology
Physical Qubits——
Qubit ModalityPhotonic Variables (EQC — Entropy Quantum Computing)Software-Defined (Hardware-Agnostic)
2Q Gate Fidelity——
Cloud PlatformsQCi Cloud (Dirac-3), Direct APITriple Alpha IDE (own platform), Rigetti Novera QPU testbed (Singapore HQ)
Roadmap TargetNeuraWave commercial deployment 2026; TFLN photonic chip commercialization (POET collaboration; Luminar manufacturing)Triple Alpha testbed access for developers 2026; full-stack enterprise quantum application platform 2026–2027
Company
Founded20182018
HeadquartersLeesburg, VASingapore
Employees——

QUBT vs HQ FAQ

Is QUBT or HQ the bigger company?

QUBT is larger, with a market cap of $2.13B versus $1.43B for HQ.

Which has the longer cash runway, QUBT or HQ?

QUBT's cash runway is 335mo and HQ's is 91mo (current cash ÷ trailing-twelve-month operating burn; "CF+" means cash-flow positive).

What technology do QUBT and HQ use?

Quantum Computing Inc (QUBT): Photonic Variables (EQC — Entropy Quantum Computing). Horizon Quantum (HQ): Software-Defined (Hardware-Agnostic). Qubit counts are not directly comparable across different modalities.

Go deeper

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