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About Horizon Quantum
Horizon Quantum (HQ) has a market cap of $711.29M as of August 2026 — #9 of the 12 pure-play quantum computing stocks by market value.
Horizon Quantum builds quantum software infrastructure — 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.
Sector
Technology
Industry
Software - Infrastructure
Founded
2018
Headquarters
Singapore
Shares Outstanding
51.6M
Quantum Division
https://www.horizonquantum.com/technology
Quantum Technology
Hardware Type
Software-Defined (Hardware-Agnostic)
Cloud Access
Roadmap Target
Triple Alpha testbed access for developers 2026; full-stack enterprise quantum application platform 2026–2027
Horizon Quantum is a software infrastructure company. Triple Alpha IDE + Helium compiler language synthesize quantum circuits from classical C/Python code without requiring quantum expertise. In-house quantum computer Ember-1 (inaugurated Jan 2026): Rigetti Novera QPU (9-qubit superconducting, ~99.4% 2Q fidelity, Maybell cryostat + Quantum Machines OPX1000 control) — first quantum software company to own and operate a quantum computer, and Singapore's first commercially deployed system. Strategic agreement with IonQ (2026) to add a 256-qubit trapped-ion system for a multi-modality testbed. Strategic collaboration with AQT (April 2026) integrates Triple Alpha with AQT's trapped-ion processors. Testbed will be developer-accessible via Triple Alpha.
Cash Position & Runway
Total Cashⓘ
$96.60M
TTM Cash Burnⓘ
$12.76M
per year (TTM)
Cash Runwayⓘ
91 mo
Total Debtⓘ
$0.00
Quarterly Operating Cash Flow
Quarterly cash-flow figures will appear here once Horizon Quantum files interim financial reports with the SEC. Recently listed companies have no quarterly history yet.
Financial Metrics (Annual)
Total Revenueⓘ
$38.88K
Revenue Growth (YoY)ⓘ
—
Gross Marginsⓘ
—
Operating Marginsⓘ
—
Net Marginsⓘ
-46131.67%
Total Debtⓘ
$0.00
P/E Ratio (TTM)ⓘ
—
EPS (TTM)ⓘ
$-0.3478
Price / Bookⓘ
—
Earnings Per Share (TTM)
EPS (TTM)ⓘ
$-0.3478
Unprofitable
P/E Ratioⓘ
—
Price / Bookⓘ
—
Shares Outstanding History
Source: SEC EDGAR XBRL · 10-K and 10-Q filings · Rising trend = dilution
Daily Short Volume (FINRA)
Latest Short Vol %
64%
2026-07-29
Short Volume
116,696
| Date | Short Vol | Total Vol | Short % |
|---|---|---|---|
| 2026-07-29 | 116,696 | 182,418 | 64% |
| 2026-07-27 | 55,843 | 112,566 | 49.6% |
| 2026-07-24 | 72,321 | 117,314 | 61.6% |
| 2026-07-22 | 52,055 | 112,228 | 46.4% |
| 2026-07-17 | 56,892 | 144,739 | 39.3% |
| 2026-07-16 | 58,843 | 100,044 | 58.8% |
| 2026-07-15 | 89,595 | 157,918 | 56.7% |
| 2026-07-13 | 110,002 | 226,971 | 48.5% |
| 2026-07-10 | 109,610 | 180,358 | 60.8% |
| 2026-07-09 | 95,081 | 162,477 | 58.5% |
Source: FINRA CNMS · Not the same as total short interest (outstanding positions) · Updated daily
Recent Research Papers (arXiv)
arXiv ↗A Variational Surrogate Approach to Finite-Horizon Quantum Control via Hardware-Efficient Ansatz
Low-temperature Quantum-corrected Holographic Transport with Momentum Relaxation
Horizon-Brightened Acceleration Radiation and Optical Signatures of Generic Regular Black Holes from Nonlinear Electrodynamics
Telling tails and quasi-resonances in the vicinity of Dymnikova regular black hole
QuantGraph: A Receding-Horizon Quantum Graph Solver
Gravitational quasinormal modes of the Hayward spacetime
Shadow of a nonlinear electromagnetic generalized Kerr-Newman-AdS black hole
Horizon quantum geometries and decoherence
Source: arXiv.org API · Papers mentioning company name · Updated every 48 hours
StockTwits Sentiment
Source: StockTwits · last 30 messages · updated every 4h
Recent News
Press Releases
GlobeNewswire ↗Source: Company newsroom (direct) + wire services (GlobeNewswire, PR Newswire) via Finnhub
News Mention Volume (30 days)
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
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 Filed | Form | Period Covered | |
|---|---|---|---|
| 2026-08-03 | 6-K | 2026-08-03 | EDGAR ↗ |
| 2026-05-05 | 6-K | 2026-05-05 | EDGAR ↗ |
| 2026-05-04 | 6-K | 2026-05-04 | EDGAR ↗ |
| 2026-04-16 | 6-K | 2026-04-16 | EDGAR ↗ |
| 2026-04-14 | 20-F | 2025-12-31 | EDGAR ↗ |
| 2026-04-09 | 6-K | 2026-04-09 | EDGAR ↗ |
| 2026-03-25 | 20-F | 2026-03-19 | EDGAR ↗ |
| 2026-03-19 | 6-K | 2026-03-19 | EDGAR ↗ |
Source: SEC EDGAR · Annual: 10-K / 20-F / 40-F · Quarterly: 10-Q / 6-K · AI summaries generated automatically
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. Horizon Quantum has 3 such filings on record.
All Shelf Filings ↗Source: SEC EDGAR · S-3 = shelf registration, 424B3/B5 = active offering (dilutive)
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 ↗| Filed | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-03-25 | ▲ BUY | 84,602 | $11.82 | |
| 2026-03-24 | ▲ BUY | 19,744,585 | — | |
| 2026-03-20 | ▲ BUY | 1,163,484 | — | |
| 2025-02-14 | ▼ SELL | 15,002 | $10.55 | |
| 2025-02-14 | ▼ SELL | 42,400 | $10.55 | |
| 2025-02-14 | ▼ SELL | 26,410 | $10.55 | |
| 2025-02-14 | ▼ SELL | 1,600 | $10.60 | |
| 2025-02-14 | ▼ SELL | 942 | $10.65 |
Source: SEC EDGAR Form 4 · Open-market buys and sells · Updated daily
Bull vs Bear: Analyst Opinions on Horizon Quantum (HQ)
Generated from live analyst targets, SEC filings and market data as of August 2026 — not investment advice.
▲ THE BULL CASE
• Wall Street's mean price target of $20.00 implies 45% upside — consensus rating Strong Buy across 1 analysts.
• 1 of 1 analyst ratings are Buy or Strong Buy.
• $96.60M in cash gives roughly 91 months of runway at the current burn rate.
• The stock is up 40% over the past year.
• Retail sentiment on StockTwits runs 65% bullish over the last 20 scored posts.
▼ THE BEAR CASE
• 3 at-the-market / shelf offering filings (S-3 / 424B / SUPPL) on record — an active dilution channel.
• 64% of daily trading volume is short selling (FINRA), signaling heavy bearish positioning.
• Not yet profitable: net loss of $17.94M in the latest fiscal year.
How long is Horizon Quantum's (HQ) cash runway?
Horizon Quantum has roughly 91 months of cash runway as of August 2026 — $96.60M in cash divided by its trailing-twelve-month operating burn.
Is HQ stock at risk of shareholder dilution?
Dilution risk is elevated: 3 shelf/ATM offering filings on record.
What percentage of HQ's trading volume is short?
64% of HQ's daily trading volume was short selling as of 2026-07-29 (FINRA daily short volume).