Horizon Quantum Holdings (HQ) Research & Development (2024 - 2025)

Horizon Quantum Holdings' (HQ) quarterly Research & Development came in at -$5.0 million in Q4 2025, down 922.71% year-on-year from $601962.0 in Q4 2024, and down 346.35% quarter-over-quarter from $2.0 million in Q3 2025.

Horizon Quantum Holdings (HQ) Research & Development (2024 - 2025) Analysis & Trends

Horizon Quantum Holdings' Research & Development history runs 2 years deep, the most recent figure standing at -$5.0 million for Q4 2025.

  • On a quarterly basis, Research & Development fell 922.71% year-over-year to -$5.0 million in Q4 2025; TTM through Dec 2025 was $1.6 million, a 38.35% decrease from a year earlier, with the FY2025 full-year figure at $1.6 million, up 163.39% from the prior year.
  • Research & Development fell to -$5.0 million in Q4 2025 per HQ's latest filing, from $2.0 million in the prior quarter.
  • Across five years, Research & Development topped out at $3.3 million in Q1 2025 and bottomed at -$5.0 million in Q4 2025.
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Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Microsoft 2,899.74 Bn 2,775.30 Bn 56.06 Bn 6.81 Bn
2 PagSeguro Digital 2,656.00 Bn 2,656.00 Bn 358.92 Mn -
3 Oracle 337.39 Bn 305.50 Bn - 4.01 Bn
4 Repay Holdings 331.15 Bn 331.00 Bn - -
5 Palantir Technologies 294.54 Bn 286.52 Bn 1.42 Bn 160.98 Mn
6 Palo Alto Networks 221.04 Bn 216.51 Bn 1.91 Bn 823.00 Mn
7 CrowdStrike Holdings 179.63 Bn 176.53 Bn 993.68 Mn 802.89 Mn
8 Fortinet 113.60 Bn 110.30 Bn 1.49 Bn 636.30 Mn
9 Cloudflare 95.27 Bn 94.33 Bn 455.60 Mn 271.60 Mn
10 Horizon Quantum Holdings 11.51 -222.94 Bn - -4.95 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -4.95 Mn
Sep 30, 2025 2.01 Mn
Jun 30, 2025 1.21 Mn
Mar 31, 2025 3.32 Mn
Dec 31, 2024 601,962.00
Sep 30, 2024 853,734.00
Jun 30, 2024 605,301.00
Mar 31, 2024 510,855.00