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QUBT vs XNDU: Which Quantum Stock Is Better?

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

Direct verdict: QUBT vs XNDU

XNDU 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.

XNDU is the larger company at $3.18B market cap, about 1.7× the size of QUBT ($1.87B).

XNDU reports more revenue ($4.62M vs $682.00K for QUBT, latest fiscal year).

On cash runway — the metric that decides who needs to raise money first — QUBT is stronger (266mo vs 53mo).

They take different technical paths: QUBT reports its qubit count (Photonic Variables (EQC — Entropy Quantum Computing)), while XNDU reports its qubit count (Logical GKP Qubits (Photonic / CV-QC)) — raw counts are not directly comparable across modalities.

QUBT vs XNDU Performance (% return, all start at 0%)
2/263/264/275/276/267/28-85%+0%+85%+170%+255%
XNDU+5.0%QUBT-1.3%
MetricQUBTQuantum Computing IncXNDUXanadu
Market
Price$8.24$10.45
Market Cap$1.87B$3.18B
1Y Return-45.8%
52W High$25.84$42.44
52W Low$6.18$6.97
Financials
Revenue (latest FY)$682.00K$4.62M
Revenue YoY+82.8%+190.6%
Net Income-$18.67M-$70.67M
Cash & Equivalents$954.17M$312.78M
Cash Runway266mo53mo
Risk
Going Concern FlagNoNo
ATM Offerings (dilution)168
Daily Short Vol %54.1%67.8%
Beta (1Y vs SPY)2.040.82
Government & Research
Federal Awards Total$95.66K
Academic Citations121K
Patents
Quantum Technology
Physical Qubits
Qubit ModalityPhotonic Variables (EQC — Entropy Quantum Computing)Logical GKP Qubits (Photonic / CV-QC)
2Q Gate Fidelity
Cloud PlatformsQCi Cloud (Dirac-3), Direct APIPennyLane (Open Source), Xanadu Quantum Cloud (partner access)
Roadmap TargetNeuraWave commercial deployment 2026; TFLN photonic chip commercialization (POET collaboration; Luminar manufacturing)Fault-tolerant photonic quantum computer in 2029–2030; up to 100,000 physical qubits and up to 500 logical qubits
Company
Founded20182016
HeadquartersLeesburg, VAToronto, ON, Canada
Employees72240
Company DNA0–100 rank vs all tracked stocks · missing data = 0
MomentumScaleRevenueRunwayGov $Research

Momentum = 1Y return · Scale = market cap · Runway capped at 36mo · Gov $ = federal awards · Research = citations + patents. Dollar axes use log scale.

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QUBT vs XNDU FAQ

Is QUBT or XNDU the bigger company?

XNDU is larger, with a market cap of $3.18B versus $1.87B for QUBT.

Which has the longer cash runway, QUBT or XNDU?

QUBT's cash runway is 266mo and XNDU's is 53mo (current cash ÷ trailing-twelve-month operating burn; "CF+" means cash-flow positive).

What technology do QUBT and XNDU use?

Quantum Computing Inc (QUBT): Photonic Variables (EQC — Entropy Quantum Computing). Xanadu (XNDU): Logical GKP Qubits (Photonic / CV-QC). Qubit counts are not directly comparable across different modalities.

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