Xanadu (Photonic) vs Quantinuum (Trapped-Ion) — live market, SEC financial and quantum-hardware data side by side.
QNT leads this data snapshot on 4 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.
QNT is the larger company at $10.92B market cap, about 8.7× the size of XNDU ($1.25B).
QNT reports more revenue ($30.93M vs $4.62M for XNDU, latest fiscal year).
On cash runway — the metric that decides who needs to raise money first — QNT is stronger (113mo vs 53mo).
They take different technical paths: XNDU reports its qubit count (Logical GKP Qubits (Photonic / CV-QC)), while QNT reports 98 qubits (Physical Qubits (Trapped-Ion, All-to-All Connectivity)) — raw counts are not directly comparable across modalities.
Momentum = 1Y return · Scale = market cap · Runway capped at 36mo · Gov $ = federal awards · Research = citations + patents. Dollar axes use log scale.
Is XNDU or QNT the bigger company?
QNT is larger, with a market cap of $10.92B versus $1.25B for XNDU.
Which has the longer cash runway, XNDU or QNT?
XNDU's cash runway is 53mo and QNT's is 113mo (current cash ÷ trailing-twelve-month operating burn; "CF+" means cash-flow positive).
What technology do XNDU and QNT use?
Xanadu (XNDU): Logical GKP Qubits (Photonic / CV-QC). Quantinuum (QNT): Physical Qubits (Trapped-Ion, All-to-All Connectivity). Qubit counts are not directly comparable across different modalities.