Horizon Quantum Holdings (HQ) Operating Expenses (2024 - 2026)
Horizon Quantum Holdings (HQ) posted Operating Expenses of $7.2 million for Q2 2026, up 10.4% on a QoQ basis from $6.5 million in Q1 2026, and up 157.88% year-over-year from $2.8 million in Q2 2025.
Analysis
Horizon Quantum Holdings (HQ) Operating Expenses (2024 - 2026) Analysis & Trends
Horizon Quantum Holdings has reported Operating Expenses for 3 years, with the latest figure at $7.2 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 157.88% year-over-year to $7.2 million in Q2 2026; TTM through Jun 2026 was $23.1 million, a 108.44% increase from a year earlier, with the FY2025 full-year figure at $22.1 million, up 169.23% from the prior year.
- Operating Expenses was $7.2 million for Q2 2026 at Horizon Quantum Holdings, up from $6.5 million in the prior quarter.
- The five-year high for Operating Expenses was $7.2 million in Q2 2026, with the low at $1.3 million in Q2 2024.
- Average Operating Expenses over 3 years is $3.9 million, with a median of $4.6 million recorded in 2025.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses jumped 175.3% in 2025, then surged 37.72% in 2026.
- Over 3 years, Operating Expenses stood at $1.8 million in 2024, then jumped by 151.47% to $4.6 million in 2025, then surged by 57.58% to $7.2 million in 2026.
- The last three Operating Expenses figures came in at $7.2 million (Q2 2026), $6.5 million (Q1 2026), and $4.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | IonQ | 10.45 Bn | 8.33 Bn | 19.94 Mn | 417.29 Mn |
| 2 | D-Wave Quantum | 6.60 Bn | 6.60 Bn | 1.70 Mn | 54.98 Mn |
| 3 | Rigetti Computing | 5.26 Bn | 5.26 Bn | 2.19 Mn | 30.25 Mn |
| 4 | Quantum Computing | 1.86 Bn | 1.86 Bn | -1.17 Mn | 21.85 Mn |
| 5 | Infleqtion | 1.48 Bn | 998.62 Mn | 2.17 Mn | 32.49 Mn |
| 6 | BTQ Technologies | 406.47 Mn | 406.47 Mn | - | 13.24 Mn |
| 7 | Quantum eMotion | 337.93 Mn | 337.93 Mn | - | 3.43 Mn |
| 8 | Arqit Quantum | 310.37 Mn | 310.37 Mn | - | - |
| 9 | Horizon Quantum Holdings | 16.26 | -113.25 Mn | - | 7.18 Mn |
| 10 | Xanadu Quantum Technologies | 9.57 | -312.78 Mn | 1.38 Mn | 31.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.18 Mn |
| Mar 31, 2026 | 6.50 Mn |
| Dec 31, 2025 | 4.55 Mn |
| Sep 30, 2025 | 4.87 Mn |
| Jun 30, 2025 | 2.78 Mn |
| Mar 31, 2025 | 4.72 Mn |
| Dec 31, 2024 | 1.81 Mn |
| Sep 30, 2024 | 1.77 Mn |
| Jun 30, 2024 | 1.30 Mn |