Quantum Market Cap
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Oct 13Oct 14Oct 15Oct 16Oct 19Oct 20Oct 21$2.15$2.20$2.25$2.30$2.35$2.40$2.45$2.45$2.15

About BTQ Technologies

BTQ Technologies (BTQ) has a market cap of $289.11M as of October 2026 — #11 of the 12 pure-play quantum computing stocks by market value.

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.

Sector

Technology

Industry

Software - Infrastructure

Founded

2021

Headquarters

Vancouver, BC, Canada

Shares Outstanding

144.6M

Quantum Division

https://www.qperfect.io/solutions/

Visit ↗

Quantum Technology

Hardware Type

Software-Defined (Neutral-Atom Emulation & Control)

Cloud Access

MIMIQ (cloud and on-premises)SDT QuREKAaQCess digital twin

Roadmap Target

Deploy QSSN across Kaia under the three-year commercial agreement; deploy the aQCess digital twin as the 400+ qubit platform comes online; QLU v1 targeted for mid-2027; expand MIMIQ/QLU integrations across neutral-atom hardware

BTQ is a quantum-security and software company, not the builder of a physical 400-qubit processor. Its wholly owned QPerfect subsidiary develops MIMIQ quantum emulation, hardware-accurate digital twins, and the QLU fault-tolerant execution layer. In July 2026, QPerfect and the University of Strasbourg began building a MIMIQ-based digital twin of aQCess, France's planned publicly accessible neutral-atom platform targeting more than 400 individually controllable ytterbium qubits. The twin mirrors the processor's native gates, instruction set, atom transport, and measured noise before and alongside physical operation. In September 2026, BTQ signed a three-year agreement to deploy its Quantum Secure Stablecoin Network across the Kaia blockchain, its first recurring commercial QSSN deployment, with LINE NEXT's Unifi Wallet among the first consumer use cases.

⚠ Bank of Canada FX conversion

BTQ files IFRS statements in Canadian dollars and its SEC companyfacts feed is not currently available. FY2025 results use the Bank of Canada daily exchange rate for December 31, 2025 (C$1.3706/US$1); cash, debt, equity and trailing operating cash flow use its June 30, 2026 CAD/USD rate of 0.7037.

⬤
Going ConcernAuditors have expressed substantial doubt about BTQ Technologies's ability to continue operations. Additional financing is required.
◆
5mo Cash RunwayAt current burn rate, cash reserves are exhausted in ~5 months. Equity raise or debt financing likely required.
▲
Dilution Risk1 shelf or ATM filing on record (S-3/424B/SUPPL). These filings can provide a channel for new share sales.

Cash Position & Runway

Total Cashⓘ

$6.89M

TTM Cash Burnⓘ

$17.81M

per year (TTM)

Cash Runwayⓘ

5 mo

Total Debtⓘ

$758.98K

Dilution Risk: With 5 months of runway, BTQ Technologies will likely need to raise additional capital through equity offerings (diluting existing shareholders) or debt financing within the next year.

Quarterly Operating Cash Flow

Quarterly cash-flow figures will appear here once BTQ Technologies files interim financial reports with the SEC. Recently listed companies have no quarterly history yet.

Financial Metrics (Annual)

Total Revenueⓘ

$230.19K

Revenue Growth (YoY)ⓘ

-52.7%

Gross Marginsⓘ

—

Operating Marginsⓘ

—

Net Marginsⓘ

-7799.08%

Total Debtⓘ

$758.98K

P/E Ratio (TTM)ⓘ

—

EPS (TTM)ⓘ

$-0.1300

Price / Bookⓘ

22.91

Earnings Per Share (TTM)

EPS (TTM)ⓘ

$-0.1300

Unprofitable

P/E Ratioⓘ

—

Price / Bookⓘ

22.91

Price-to-Book

Returns vs S&P 500

1Y

BTQ-75.3%
S&P 500+14.2%
vs Index-89.5%

Source: price_history vs SPY · Periods where price history is unavailable are hidden

Shares Outstanding History

Share-count history will appear here once BTQ Technologies has filed enough reports with the SEC to chart a trend. Recently listed companies start with a single data point.

Daily Short Volume (FINRA)

Latest Short Vol %

46.1%

2026-10-21

Short Volume

239,031

DateShort VolTotal VolShort %
2026-10-21239,031518,69846.1%
2026-10-20274,402448,18961.2%
2026-10-14639,4791,091,32858.6%
2026-10-09476,870904,35652.7%
2026-10-07300,312517,40658%
2026-10-02479,183984,51948.7%
2026-09-30458,235887,60451.6%
2026-09-25251,446569,62644.1%
2026-09-16512,441952,65553.8%
2026-09-09511,9541,267,88140.4%

Source: FINRA CNMS · Not the same as total short interest (outstanding positions) · Updated daily

StockTwits Sentiment

100%
▲ 15 Bullish▼ 0 Bearish15 scored

Source: StockTwits · last 30 messages · updated every 4h

Recent News

● neutral

BTQ Technologies Partners With MoonPay Korea on Stablecoin Security

MT Newswires · Oct 9, 2026

● neutral

BTQ Technologies, MoonPay Korea Plan Post-Quantum Security for Stablecoins

MT Newswires · Oct 9

BTQ Technologies signs three-year Kaia deal to secure LINE NEXT's Unifi Wallet
● neutral

BTQ Technologies signs three-year Kaia deal to secure LINE NEXT's Unifi Wallet

TheStreet · Sep 30

● neutral

BTQ Technologies Corp (BTQ) (Q1 2027) Earnings Call Highlights: Quantum-Safe Milestones and ...

GuruFocus.com · Aug 18

BTQ Technologies Appoints Dr. Michael Grace to Advance QCIM Product Security and Commercialization
▲ bullish

BTQ Technologies Appoints Dr. Michael Grace to Advance QCIM Product Security and Commercialization

PR Newswire · Aug 18

BTQ Technologies Appoints Dr. Michael Grace to Advance QCIM Product Security and Commercialization
▲ bullish

BTQ Technologies Appoints Dr. Michael Grace to Advance QCIM Product Security and Commercialization

CNW Group · Aug 18

BTQ Technologies Announces 2026 AGM Results
● neutral

BTQ Technologies Announces 2026 AGM Results

CNW Group · Aug 13

BTQ Technologies Announces 2026 AGM Results
● neutral

BTQ Technologies Announces 2026 AGM Results

PR Newswire · Aug 13

● neutral

BTQ Technologies Signs MoU With South Korea's Itcenglobal to Collaborate on Post-Quantum Security

MT Newswires · Aug 13

BTQ Technologies Signs MOU with ITCENGLOBAL, a KRW 8.9 Trillion Korean IT Group, to Advance Post-Quantum Security Across Korea's Financial, Public-Sector, and Enterprise Infrastructure
▲ bullish

BTQ Technologies Signs MOU with ITCENGLOBAL, a KRW 8.9 Trillion Korean IT Group, to Advance Post-Quantum Security Across Korea's Financial, Public-Sector, and Enterprise Infrastructure

CNW Group · Aug 13

BTQ Technologies Signs MOU with ITCENGLOBAL, a KRW 8.9 Trillion Korean IT Group, to Advance Post-Quantum Security Across Korea's Financial, Public-Sector, and Enterprise Infrastructure
▲ bullish

BTQ Technologies Signs MOU with ITCENGLOBAL, a KRW 8.9 Trillion Korean IT Group, to Advance Post-Quantum Security Across Korea's Financial, Public-Sector, and Enterprise Infrastructure

PR Newswire · Aug 13

BTQ Technologies to Host Live Webinar on Q2 2026 Financial Results and General Corporate Update
● neutral

BTQ Technologies to Host Live Webinar on Q2 2026 Financial Results and General Corporate Update

CNW Group · Aug 11

BTQ Technologies to Host Live Webinar on Q2 2026 Financial Results and General Corporate Update
● neutral

BTQ Technologies to Host Live Webinar on Q2 2026 Financial Results and General Corporate Update

PR Newswire · Aug 11

BTQ Technologies and ITRI Complete Key Milestone in Global QCIM Chip Roadmap Led by BTQ and ICTK
▲ bullish

BTQ Technologies and ITRI Complete Key Milestone in Global QCIM Chip Roadmap Led by BTQ and ICTK

Stocktwits · Aug 7

BTQ and ITRI clear first milestone in quantum-security chip roadmap
▲ bullish

BTQ and ITRI clear first milestone in quantum-security chip roadmap

TheStreet · Aug 7

BTQ Technologies and ITRI Complete Key Milestone in Global QCIM Chip Roadmap Led by BTQ and ICTK
▲ bullish

BTQ Technologies and ITRI Complete Key Milestone in Global QCIM Chip Roadmap Led by BTQ and ICTK

CNW Group · Aug 7

BTQ Technologies and ITRI Complete Key Milestone in Global QCIM Chip Roadmap Led by BTQ and ICTK
▲ bullish

BTQ Technologies and ITRI Complete Key Milestone in Global QCIM Chip Roadmap Led by BTQ and ICTK

PR Newswire · Aug 7

You Cannot Protect What You Cannot See: A Cybersecurity Company Just Built a Map for the Encryption Hiding Inside Your Business
● neutral

You Cannot Protect What You Cannot See: A Cybersecurity Company Just Built a Map for the Encryption Hiding Inside Your Business

CNW Group · Jul 28

News Mention Volume (30 days)

2026-09-302026-10-09024

Articles indexed every 4h · Sentiment scored via Loughran-McDonald financial word lists (bullish/bearish keyword frequency). Not ML-based — scores reflect word presence only and may not capture context or sarcasm.

SEC Filings & Earnings Reports

View annual, quarterly, and material-event filings on SEC EDGAR

SEC EDGAR ↗
Financial Story

No annual summaries available yet.

Summaries are generated automatically. Check back after the next scheduled update.

10-K · 10-Q · 20-F · 40-F · 6-K filings

All Filings ↗
Date FiledFormPeriod Covered
2026-10-096-K2026-10-09EDGAR ↗
2026-09-306-K2026-09-30EDGAR ↗
2026-08-186-K2026-08-18EDGAR ↗
2026-08-146-K2026-08-14EDGAR ↗
2026-08-146-K2026-08-12EDGAR ↗
2026-08-146-K2026-06-30EDGAR ↗
2026-08-136-K2026-08-13EDGAR ↗
2026-08-126-K2026-08-11EDGAR ↗
2026-08-076-K2026-08-07EDGAR ↗
2026-07-226-K2026-07-22EDGAR ↗
2026-07-206-K2026-07-20EDGAR ↗
2026-07-106-K2026-07-10EDGAR ↗
2026-07-086-K2026-07-08EDGAR ↗
2026-07-026-K2026-07-02EDGAR ↗
2026-07-026-K2026-07-02EDGAR ↗
2026-07-026-K2026-08-12EDGAR ↗
2026-06-236-K2026-06-23EDGAR ↗
2026-06-186-K2026-06-18EDGAR ↗
2026-05-296-K2026-08-12EDGAR ↗
2026-05-206-K2026-05-18EDGAR ↗
2026-05-196-K2026-05-18EDGAR ↗
2026-05-186-K2026-03-31EDGAR ↗
2026-05-066-K2026-05-06EDGAR ↗
2026-04-3040-F/A2025-12-31EDGAR ↗
2026-04-226-K2026-04-22EDGAR ↗
2026-04-176-K2026-04-16EDGAR ↗
2026-04-146-K2026-04-14EDGAR ↗
2026-04-066-K2026-04-06EDGAR ↗
2026-03-316-K2026-03-31EDGAR ↗
2026-03-3140-F2025-12-31EDGAR ↗
2026-03-316-K2026-03-30EDGAR ↗
2026-03-306-K2026-03-30EDGAR ↗
2026-03-196-K2026-03-19EDGAR ↗
2026-03-096-K2026-03-09EDGAR ↗
2026-03-026-K2026-03-02EDGAR ↗
2026-02-256-K2026-02-25EDGAR ↗
2026-02-246-K2026-02-24EDGAR ↗
2026-01-216-K2026-01-21EDGAR ↗
2026-01-136-K2026-01-13EDGAR ↗
2026-01-126-K2026-01-12EDGAR ↗

Source: SEC EDGAR · Annual: 10-K / 20-F / 40-F · Quarterly: 10-Q / 6-K · AI summaries generated automatically

Market Events

Earnings releases, contracts, leadership changes, offerings

All 8-Ks ↗

No 8-K filings indexed yet.

Source: SEC EDGAR · Material events, earnings releases, contract announcements · Updated weekly

S-3 shelf registrations, 424B prospectuses, and document-verified foreign-issuer supplements represent potential dilution events. BTQ Technologies has 1 such filings on record.

All Shelf Filings ↗
2026-06-18SUPPL↗

Source: SEC EDGAR · S-3 = shelf registration, 424B3/B5 = active offering (dilutive)

Ownership & Insiders

SC 13G/D filers · >5% ownership

All 13G/D ↗

No SC 13G/D filings found in the last 3 years. Large institutional positions may exist but have not been disclosed publicly.

Source: SEC EDGAR SC 13G/D · Updated monthly

Open-market buys and sells by directors and officers

All Form 4s ↗

No insider transactions indexed yet.

Source: SEC EDGAR Form 4 · Open-market buys and sells · Updated daily

Bull vs Bear: Analyst Opinions on BTQ Technologies (BTQ)

Generated from live analyst targets, SEC filings and market data as of October 2026 — not investment advice.

▲ THE BULL CASE

• Wall Street's mean price target of $6.01 implies 201% upside — consensus rating Strong Buy across 2 analysts.

• 2 of 2 analyst ratings are Buy or Strong Buy.

• Retail sentiment on StockTwits runs 100% bullish over the last 15 scored posts.

▼ THE BEAR CASE

• Revenue declined 53% year-over-year to $230.19K (latest fiscal year).

• Only about 5 months of cash runway at the current burn rate — a capital raise (and dilution) is likely within the year.

• Auditors have flagged substantial doubt about BTQ Technologies's ability to continue as a going concern.

• 1 at-the-market / shelf offering filing (S-3 / 424B / SUPPL) on record — an active dilution channel.

• Not yet profitable: net loss of $17.95M in the latest fiscal year.

How long is BTQ Technologies's (BTQ) cash runway?

BTQ Technologies has roughly 5 months of cash runway as of October 2026 — $6.89M in cash divided by its trailing-twelve-month operating burn.

Is BTQ stock at risk of shareholder dilution?

Dilution risk is elevated: 1 shelf/ATM offering filing on record, only ~5 months of cash runway, a going-concern flag from auditors.

What percentage of BTQ's trading volume is short?

46.1% of BTQ's daily trading volume was short selling as of 2026-10-21 (FINRA daily short volume).

Compare BTQ with other quantum computing stocks