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Horizon Quantum Q2 FY26 net loss widens to USD 115.2 million

PUBT·08/04/2026 11:02:19
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Horizon Quantum Q2 FY26 net loss widens to USD 115.2 million
  • Horizon Quantum posted a GAAP net loss of USD 115.2 million, or USD 2.20 per share, versus a GAAP loss of USD 2.9 million a year earlier.
  • GAAP operating loss widened to USD 7.2 million from USD 2.7 million, while total operating expenses rose to USD 7.2 million from USD 2.8 million.
  • Cash and cash equivalents climbed to USD 113.3 million, up USD 16.7 million from the prior quarter, on USD 27.5 million of gross proceeds from public warrant exercises.
  • The quarter included a USD 108.3 million non-cash GAAP loss from remeasuring warrant-related derivative liabilities tied to a higher share price.
  • Beryllium entered early access, Ember-1 opened to first users, and Horizon announced a calibration-focused collaboration with Quantum Machines.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Horizon Quantum Holdings Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 202608040700BIZWIRE_USPR_____20260804_BW772155) on August 04, 2026, and is solely responsible for the information contained therein.