SectorComputers and Peripherals
Established Date02/10/2025
Listing Date19/05/2025
ExchangeNASDAQ Stock Exchange
Full-time Employees3
Fiscal Year Ends31/12
Security TypeCommon stock
Office address777 Bay Street, Suite 2400, Toronto, Ontario M5G 2C8
Business
IntroductionXanadu Quantum Technologies Limited was incorporated on October 2, 2025 under the Ontario Business Corporations Act. The company is the parent company of Xanadu Quantum Technologies Inc. Xanadu Quantum Technologies Inc., a quantum computing company, develops full-stack quantum computing solutions for enterprise and government clients worldwide. The company's mission is to build practical and easy-to-use quantum computers; the company is currently in the early stages of commercialization and has not yet provided utility-scale quantum computers for commercial sale, except for early development systems. To date, the company has limited revenue, mainly from services, sponsored research and early commercial collaborations related to PennyLane and its related software tools, and has been in a continuous loss state since its inception.