← Markets Compare all 10 →
XNDU vs IQMX: Which Quantum Stock Is Better? Xanadu (Photonic) vs IQM Quantum Computers (Superconducting) — live market, SEC financial and quantum-hardware data side by side.
XNDU is the larger company at $3.46B market cap, slightly ahead of IQMX at $3.42B.
They take different technical paths: XNDU reports 12 qubits (Logical GKP Qubits (Photonic / CV-QC)), while IQMX reports 54 qubits (Physical Qubits (Superconducting Transmon)) — raw counts are not directly comparable across modalities.
Metric XNDU Xanadu IQMX IQM Quantum Computers Market Price $11.62 $13.03 Market Cap $3.46B $3.42B 1Y Return — +28.4% 52W High $42.44 $13.78 52W Low $6.97 $9.62 Financials Revenue (latest FY) — — Revenue YoY — — Net Income — — Cash & Equivalents $272.46M — Cash Runway — — Risk Going Concern Flag No No ATM Offerings (dilution) 6 1 Daily Short Vol % 59.4% 46.9% Beta (1Y vs SPY) 0.62 0.06 Government & Research Federal Awards Total — — Academic Citations 116K — Patents — — Quantum Technology Physical Qubits 12 54 Qubit Modality Logical GKP Qubits (Photonic / CV-QC) Physical Qubits (Superconducting Transmon) 2Q Gate Fidelity — — Cloud Platforms PennyLane (Open Source), Xanadu Quantum Cloud (partner access) IQM Resonance (cloud access), On-premises systems (IQM Spark, IQM Radiance) Roadmap Target Fault-tolerant photonic quantum data center by 2028–2029; 500 logical qubits by 2029–2030 Fault-tolerant quantum computing targeted by 2030, scaling through 150- and 300-qubit Radiance-class systems with error-corrected logical qubits Company Founded 2016 2018 Headquarters Toronto, ON, Canada Espoo, Finland Employees — —
XNDU vs IQMX FAQ Is XNDU or IQMX the bigger company?
XNDU is larger, with a market cap of $3.46B versus $3.42B for IQMX.
Which has the longer cash runway, XNDU or IQMX?
XNDU's cash runway is — and IQMX's is — (current cash ÷ trailing-twelve-month operating burn; "CF+" means cash-flow positive).
What technology do XNDU and IQMX use?
Xanadu (XNDU): Logical GKP Qubits (Photonic / CV-QC). IQM Quantum Computers (IQMX): Physical Qubits (Superconducting Transmon). Qubit counts are not directly comparable across different modalities.
Go deeper
More head-to-head comparisons