Horizon Quantum Holdings (HQ) Operating Expenses (2024 - 2026)
Horizon Quantum Holdings (HQ) recorded Operating Expenses of $7.18 million in the quarter ended Jun 30, 2026, up 157.9% from $2.78 million a year earlier and up 10.4% from the prior quarter.
Horizon Quantum Holdings (HQ) Operating Expenses (2024 - 2026) Analysis & Trends
On a TTM basis, Horizon Quantum Holdings' Operating Expenses came in at $23.1 million as of Jun 30, 2026, up 108.4% year-over-year; for the year ended Dec 31, 2025, it came in at $22.11 million, up 169.2% from the prior year.
- Across earlier years, Operating Expenses came in at $8.21 million in the year ended Dec 31, 2024 (+62.3%) and $5.06 million in the year ended Dec 31, 2023.
- The figure for the quarter ended Jun 30, 2026 is the highest quarterly Operating Expenses in data going back to the quarter ended Mar 31, 2024.
- On a year-over-year basis, Operating Expenses has increased for six consecutive quarters, with growth averaging 151.3% over the last six quarters.
- Per Business Quant, the preceding three quarters came in at $6.5 million (quarter ended Mar 31, 2026), $4.55 million (quarter ended Dec 31, 2025) and $4.87 million (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 2.13 Bn |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 1.13 Bn |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 953.90 Mn |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 1.30 Bn |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 875.89 Mn |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 499.67 Mn |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 534.00 Mn |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 4.17 Bn |
| 10 | Horizon Quantum Holdings | 14.27 | -96,602.39 Bn | - | 7.18 Mn |
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 |
| Mar 31, 2024 | 1.27 Mn |
Horizon Quantum Holdings Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=HQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "HQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=HQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();