Most quantum computing companies lose money, so the question that decides who survives to the fault-tolerant era is simple: how many months of cash are left at the current burn rate? This list ranks every pure-play quantum stock by cash runway โ current cash divided by trailing-twelve-month operating cash burn. "CF+" means the company generates positive operating cash flow and is not burning down its reserves at all.
As of ยท market data updates live
1. Infleqtion (INFQ) โ 281mo
Infleqtion (formerly ColdQuanta) designs and builds quantum computers, precision sensors, and quantum software using cold atom and neutral atom technology. Its Sqale quantum computer has been commercially deployed at the UK National Quantum Computing Centre.
INFQ live data, financials & filings โ2. Quantum Computing Inc (QUBT) โ 266mo
Quantum Computing Inc develops photonic quantum processors and reservoir quantum computing systems. Its Dirac series uses Entropy Quantum Computing (EQC) for constrained optimization, and its Neurawave product applies photonic reservoir computing to edge AI inference.
QUBT live data, financials & filings โ3. Quantinuum (QNT) โ 113mo
Quantinuum develops trapped-ion quantum computers and quantum software, spun out of Honeywell in 2021. Its H-Series and Helios systems hold world records in gate fidelity and quantum volume. Software platforms include InQuanto (quantum chemistry), Quantum Origin (cybersecurity entropy), and lambeq (quantum NLP/AI). IPO: Nasdaq June 2026.
QNT live data, financials & filings โ4. Horizon Quantum (HQ) โ 86mo
Horizon Quantum builds quantum software infrastructure โ compilers, development tools, and hardware-agnostic abstraction layers. Its Triple Alpha IDE and Helium language translate classical C/Python code into quantum-accelerated applications. Operates Singapore's first commercially deployed quantum computer as a software testbed.
HQ live data, financials & filings โ5. Rigetti Computing (RGTI) โ 78mo
Rigetti Computing is a full-stack quantum-classical computing company using superconducting qubits. It fabricates its own chips at Fab-1 and provides cloud access through Quantum Cloud Services (QCS).
RGTI live data, financials & filings โ6. D-Wave Quantum (QBTS) โ 59mo
D-Wave is the world's first commercial quantum computing company, specializing in quantum annealing technology for optimization problems. Its systems are used in logistics, finance, and drug discovery.
QBTS live data, financials & filings โ7. IonQ (IONQ) โ 56mo
IonQ develops trapped-ion quantum computers accessible via cloud through AWS Braket, Azure Quantum, and Google Cloud. The company builds full-stack quantum hardware and software targeting fault-tolerant quantum computing.
IONQ live data, financials & filings โ8. Xanadu (XNDU) โ 53mo
Xanadu is a photonic quantum computing company developing room-temperature, light-based quantum computers and open-source quantum software. Its Aurora system (Jan 2025) is the world's first scalable modular photonic quantum computer. PennyLane is the leading open-source quantum ML library.
XNDU live data, financials & filings โ9. IQM Quantum Computers (IQMX) โ 47mo
IQM Quantum Computers is Europe's largest quantum computing hardware company, building on-premises superconducting quantum computers for national labs, HPC centers and universities โ with systems delivered across Finland, Germany, Spain, Poland, South Korea, Taiwan and beyond. It operates its own chip fabrication facility in Espoo, Finland.
IQMX live data, financials & filings โ10. Quantum-Si (QSI) โ 15mo
Quantum-Si is building a semiconductor chip-based platform for single-molecule protein sequencing using quantum-detection technology. Its Platinum Pro system targets proteomics research; next-gen Proteus instrument targets Q2 2027 commercial launch.
QSI live data, financials & filings โ11. Arqit Quantum (ARQQ) โ 8mo
Arqit provides quantum-safe encryption-as-a-service via its SKA-Platform, delivering symmetric key agreements resistant to both current and future quantum computer attacks, protecting governments and enterprises.
ARQQ live data, financials & filings โ12. BTQ Technologies (BTQ) โ 5mo
BTQ Technologies develops post-quantum security hardware and networks and owns QPerfect, the Strasbourg quantum-software company behind the MIMIQ emulator, hardware-accurate digital twins, and the QLU fault-tolerant control layer for neutral-atom systems.
BTQ live data, financials & filings โMethodology: Cash runway = (cash + equivalents + short-term investments from the latest SEC filing) รท trailing-twelve-month operating cash burn, in months. Cash-flow-positive companies show "CF+" and rank first. ATM count = shelf/at-the-market dilution filings (S-3, 424B3/B5) in our tracker. Full methodology on the methodology page. Covers the US-listed pure-play quantum universe tracked by this site. Full metric definitions on the methodology page. Not investment advice.
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