Horizon Quantum Holdings (HQ) Research & Development (2024 - 2026)
Horizon Quantum Holdings (HQ) recorded Research & Development of $2.61 million in the quarter ended Jun 30, 2026, up 116.6% from $1.21 million a year earlier and up 22.8% from the prior quarter.
Horizon Quantum Holdings (HQ) Research & Development (2024 - 2026) Analysis & Trends
On a TTM basis, Horizon Quantum Holdings' Research & Development came in at $8.34 million as of Jun 30, 2026, up 39.4% year-over-year; for the year ended Dec 31, 2025, it came in at $10.7 million, up 209.3% from the prior year.
- Across earlier years, Research & Development came in at $3.46 million in the year ended Dec 31, 2024 (+54.4%) and $2.24 million in the year ended Dec 31, 2023.
- The figure for the quarter ended Jun 30, 2026 is the highest quarterly Research & Development since the quarter ended Mar 31, 2025.
- On a year-over-year basis, Research & Development rose in five of the last six quarters, with growth averaging 171.5%.
- Per Business Quant, the preceding three quarters came in at $2.13 million (quarter ended Mar 31, 2026), $1.59 million (quarter ended Dec 31, 2025) and $2.01 million (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 779.00 Mn |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 444.20 Mn |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 225.00 Mn |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 567.48 Mn |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 477.97 Mn |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 208.69 Mn |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 163.00 Mn |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 679.00 Mn |
| 10 | Horizon Quantum Holdings | 14.27 | -96,602.39 Bn | - | 2.61 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.61 Mn |
| Mar 31, 2026 | 2.13 Mn |
| Dec 31, 2025 | 1.59 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 |
Horizon Quantum Holdings Research & Development 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=research-and-development&ticker=HQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=HQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();