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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

QUBT and XNDU are tied across the available headline market, financial, runway, return and dilution measures. The better investment depends on valuation, technology execution and risk tolerance.

QUBT is the larger company at $1.69B market cap, about 1.3× the size of XNDU ($1.25B).

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%)
4/135/126/117/148/129/11-75%+0%+75%+150%+225%
QUBT+4.8%XNDU-60.9%
MetricQUBTQuantum Computing IncXNDUXanadu
Market
Price$7.45$4.12
Market Cap$1.69B$1.25B
1Y Return-65.1%—
52W High$23.79$42.44
52W Low$6.18$4.25
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)1610
Daily Short Vol %60.1%66.1%
Beta (1Y vs SPY)1.970.92
Government & Research
Federal Awards Total$95.66K—
Academic Citations—129K
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)Qubit Factory build in 2026–2027; fault tolerance targeted for 2028–2029; up to 200 logical qubits by 2029, 500 by 2030, and 1,000+ by 2031; quantum data center targeted for 2029–2030
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?

QUBT is larger, with a market cap of $1.69B versus $1.25B for XNDU.

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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