Xanadu Quantum Technologies (XNDU) Gross Margin (2024 - 2026)
Xanadu Quantum Technologies (XNDU) reported Gross Margin of 91.53% for Q2 2026, down 2.79 percentage points from 94.32% a year earlier and down 4.48 percentage points from the prior quarter.
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Analysis
Xanadu Quantum Technologies (XNDU) Gross Margin (2024 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Xanadu Quantum Technologies' Gross Margin came in at 93.00%; for FY2025, it came in at 92.18%, up 21.51 percentage points from FY2024.
- By year, Gross Margin came in at 70.67% in FY2024 (-4.92 pp) and 75.59% in FY2023.
- Five-year quarterly Gross Margin spans a low of 42.76% in Q4 2024 and a high of 96.01% in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 323.81 Bn | 308.88 Bn | 2.30 Bn | 67.57% |
| 2 | CrowdStrike Holdings | 271.09 Bn | 251.53 Bn | 1.10 Bn | 74.57% |
| 3 | Fortinet | 131.14 Bn | 117.07 Bn | 1.64 Bn | 80.24% |
| 4 | Snowflake | 119.71 Bn | 107.03 Bn | 1.04 Bn | 67.02% |
| 5 | Datadog | 98.30 Bn | 79.94 Bn | 881.34 Mn | 78.59% |
| 6 | Okta | 34.95 Bn | 25.05 Bn | 641.00 Mn | 79.63% |
| 7 | Axon Enterprise | 34.32 Bn | 28.85 Bn | 546.45 Mn | 60.42% |
| 8 | Zscaler | 32.52 Bn | 18.64 Bn | - | - |
| 9 | Baidu | 29.56 Bn | -44.07 Bn | 1.47 Mn | 0.03% |
| 10 | Xanadu Quantum Technologies | 4.58 | -679.03 Mn | 1.38 Mn | 91.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 91.53% |
| Mar 31, 2026 | 96.01% |
| Dec 31, 2025 | 88.91% |
| Jun 30, 2025 | 94.32% |
| Mar 31, 2025 | 92.99% |
| Dec 31, 2024 | 42.76% |
API Access
Xanadu Quantum Technologies Gross Margin 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=gross-margin&ticker=XNDU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "XNDU", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=XNDU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();