Dashed lines mark market-closed periods (overnight, weekends & holidays)
About Quantinuum
Quantinuum (QNT) has a market cap of $13.67B as of September 2026 — #2 of the 13 pure-play quantum computing stocks by market value.
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.
Sector
Technology
Industry
Software - Application
Employees
800
Founded
2021
Headquarters
Broomfield, CO
Shares Outstanding
262.9M
Quantum Division
https://www.quantinuum.com/hardware
Quantum Technology
Physical Qubits
98
Helios
Logical Qubits
50
Helios
2Q Gate Fidelity
99.921%
1Q Gate Fidelity
99.9975%
Hardware Type
Physical Qubits (Trapped-Ion, All-to-All Connectivity)
Cloud Access
Roadmap Target
Sol next-generation system 2027; Apollo universal fault-tolerant system 2029; commercial quantum advantage by 2027
Helios (Nov 2025): 98 physical qubits, 50 logical qubits, 99.9975% 1Q and 99.921% 2Q gate fidelity. All-to-all qubit connectivity. Quantum Volume 33,554,432 (2^25, Sept 2025). Microsoft partnership (2024): demonstrated 4 logical qubits across 14,000 experiments without a single error. H2 (56 qubits) achieved QV 1,048,576 (2^20) in 2024. Software: InQuanto (quantum chemistry), Quantum Origin (cybersecurity entropy source), and lambeq (quantum NLP/AI). In September 2026, Quantinuum validated its Helix error-correction architecture on Helios: logical memory, logical Clifford computation, and logical entanglement across different codes each outperformed the corresponding physical-level result without post-selection, providing the stated architectural foundation for Apollo.
⚠ annual IPO-prospectus backfill
Audited FY2025 revenue, gross profit, operating loss, net loss, annual operating cash flow and EPS remain sourced from Quantinuum's June 2026 IPO prospectus until its first Form 10-K supplies annual facts.
Cash Position & Runway
Total Cashⓘ
$2.11B
TTM Cash Burnⓘ
$223.58M
per year (TTM)
Cash Runwayⓘ
113 mo
Total Debtⓘ
$0.00
Quarterly Operating Cash Flow
Red bars = cash burn (negative operating CF). Green = cash-flow positive. Source: SEC EDGAR 10-Q filings.
Financial Metrics (Annual)
Total Revenueⓘ
$30.93M
Revenue Growth (YoY)ⓘ
+34.6%
Gross Marginsⓘ
84.71%
Operating Marginsⓘ
-644.32%
Net Marginsⓘ
-622.55%
Total Debtⓘ
$0.00
P/E Ratio (TTM)ⓘ
—
EPS (TTM)ⓘ
$-0.6400
Price / Bookⓘ
33.10
Earnings Per Share (TTM)
EPS (TTM)ⓘ
$-0.6400
Unprofitable
P/E Ratioⓘ
—
Price / Bookⓘ
33.10
Price-to-Book
Government Contracts & Grants
Total Obligated
$3.98M
Awards Found
1
Excluded: Subcontracts, state/local funding, classified contracts, awards <~$30k.
Source: USAspending.gov · Updated quarterly
Shares Outstanding History
Share-count history will appear here once Quantinuum 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 %
70.1%
2026-09-16
Short Volume
644,261
| Date | Short Vol | Total Vol | Short % |
|---|---|---|---|
| 2026-09-16 | 644,261 | 919,361 | 70.1% |
| 2026-09-09 | 432,776 | 634,793 | 68.2% |
| 2026-09-04 | 324,846 | 561,385 | 57.9% |
| 2026-09-02 | 583,855 | 766,754 | 76.1% |
| 2026-08-28 | 487,464 | 701,813 | 69.5% |
| 2026-08-26 | 207,115 | 292,135 | 70.9% |
| 2026-08-21 | 324,974 | 573,962 | 56.6% |
| 2026-08-19 | 416,326 | 891,773 | 46.7% |
| 2026-08-12 | 1,118,724 | 2,447,249 | 45.7% |
| 2026-08-06 | 331,981 | 448,385 | 74% |
Source: FINRA CNMS · Not the same as total short interest (outstanding positions) · Updated daily
Research Impact (OpenAlex)
Total Citations
7
Indexed Works
17
Avg Citations / Work
0.4
Source: OpenAlex · Citations to papers affiliated with Quantinuum · Updated weekly · View institution ↗
Recent Research Papers (arXiv)
arXiv ↗Large-scale NMR simulation on a trapped-ion quantum computer
Benchmarking the computational power of quantum computers
Efficient quantum state preparation on Quantinuum hardware
Experimental validation of a compact fault-tolerant architecture for trapped ions
Bona: Automatic Management of Dirty Ancilla Borrowing in Quantum Circuits
Measurement-based simulation of lattice gauge theory dynamics with adaptive quantum circuits on a trapped-ion processor
Reconstructing non-Abelian braiding and fusion without anyon transport
Structure-Preserving Quantum Simulation of Wave Equations on a Trapped-Ion Processor
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 | |
|---|---|---|---|
| 2026-08-13 | 10-Q | 2026-06-30 | 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 ↗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.
All Shelf Filings ↗No S-3, 424B, or foreign-issuer ATM supplement filings indexed yet.
Source: SEC EDGAR · S-3 = shelf registration, 424B3/B5 = active offering (dilutive)
SC 13G/D filers · >5% ownership
All 13G/D ↗| Institution | Form | % Owned | Filed |
|---|---|---|---|
| SC 13G | 6.90% | 2026-07-17 |
Source: SEC EDGAR SC 13G/D · Updated monthly
Open-market buys and sells by directors and officers
All Form 4s ↗90-Day Activity
| Filed | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-07-21 | ▲ BUY | 78,125 | — | |
| 2026-06-08 | ▲ BUY | 78,333 | — | |
| 2026-06-08 | ▼ SELL | 336,389 | $60.00 | |
| 2026-06-08 | ▲ BUY | 1,042,561 | — | |
| 2026-06-08 | ▲ BUY | 20,000 | $60.00 | |
| 2026-06-08 | ▲ BUY | 5,833 | — | |
| 2026-06-08 | ▲ BUY | 14,000 | $60.00 | |
| 2026-06-08 | ▲ BUY | 5,833 | — | |
| 2026-06-08 | ▲ BUY | 4,000 | $60.00 | |
| 2026-06-08 | ▲ BUY | 5,833 | — | |
| 2026-06-08 | ▲ BUY | 15,000 | $60.00 | |
| 2026-06-08 | ▲ BUY | 111,460 | — | |
| 2026-06-08 | ▲ BUY | 13,333 | $60.00 | |
| 2026-06-08 | ▲ BUY | 13,000 | $60.00 | |
| 2026-06-08 | ▲ BUY | 8,334 | $60.00 | |
| 2026-06-08 | ▲ BUY | 5,833 | — | |
| 2026-06-08 | ▲ BUY | 250,000 | $60.00 | |
| 2026-06-08 | ▲ BUY | 5,833 | — | |
| 2026-06-08 | ▲ BUY | 6,500 | $60.00 | |
| 2026-06-08 | ▲ BUY | 44,548 | — | |
| 2026-06-08 | ▲ BUY | 289,798 | — | |
| 2026-06-08 | ▲ BUY | 66,665 | $60.00 | |
| 2026-06-08 | ▲ BUY | 5,833 | — | |
| 2026-06-08 | ▲ BUY | 200 | $60.00 | |
| 2026-06-08 | ▲ BUY | 5,833 | — |
Source: SEC EDGAR Form 4 · Open-market buys and sells · Updated daily
Bull vs Bear: Analyst Opinions on Quantinuum (QNT)
Generated from live analyst targets, SEC filings and market data as of September 2026 — not investment advice.
▲ THE BULL CASE
• Wall Street's mean price target of $97.17 implies 87% upside — consensus rating Buy across 12 analysts.
• 12 of 13 analyst ratings are Buy or Strong Buy.
• Revenue grew 35% year-over-year to $30.93M (latest fiscal year).
• $2.11B in cash gives roughly 113 months of runway at the current burn rate.
• $3.98M in U.S. federal contracts and grants across 1 awards validates the technology with government customers.
▼ THE BEAR CASE
• 70.1% of daily trading volume is short selling (FINRA), signaling heavy bearish positioning.
• Not yet profitable: net loss of $192.56M in the latest fiscal year.
• The stock is down 14% over the past year.
How long is Quantinuum's (QNT) cash runway?
Quantinuum has roughly 113 months of cash runway as of September 2026 — $2.11B in cash divided by its trailing-twelve-month operating burn.
How much government funding has Quantinuum received?
Quantinuum has received $3.98M in U.S. federal contracts and grants across 1 tracked awards (USAspending.gov).
Is QNT stock at risk of shareholder dilution?
Dilution risk looks moderate right now: no active going-concern flag and roughly 113 months of runway, with no ATM offering filings tracked.
How many qubits does Quantinuum have?
Quantinuum's Helios has 98 physical qubits and is available now; its roadmap targets Sol next-generation system 2027; Apollo universal fault-tolerant system 2029; commercial quantum advantage by 2027.
What percentage of QNT's trading volume is short?
70.1% of QNT's daily trading volume was short selling as of 2026-09-16 (FINRA daily short volume).