Xanadu Quantum Technologies (XNDU) Operating Expenses (2024 - 2026)
Xanadu Quantum Technologies' Operating Expenses came in at $31.5 million for Q2 2026, up 90.0% from $16.58 million a year earlier and up 20.7% from the prior quarter.
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Analysis
Xanadu Quantum Technologies (XNDU) Operating Expenses (2024 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Xanadu Quantum Technologies reported Operating Expenses of $96.39 million; for FY2025, it was $73.94 million, up 41.7% from FY2024.
- Going back by year, Operating Expenses was $52.19 million in FY2024 (+18.1%) and $44.18 million in FY2023.
- Year-over-year, Operating Expenses has increased for three consecutive quarters.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 323.81 Bn | 308.88 Bn | 2.30 Bn | 2.13 Bn |
| 2 | CrowdStrike Holdings | 271.09 Bn | 251.53 Bn | 1.10 Bn | 1.13 Bn |
| 3 | Fortinet | 131.14 Bn | 117.07 Bn | 1.64 Bn | 953.90 Mn |
| 4 | Snowflake | 119.71 Bn | 107.03 Bn | 1.04 Bn | 1.30 Bn |
| 5 | Datadog | 98.30 Bn | 79.94 Bn | 881.34 Mn | 875.89 Mn |
| 6 | Okta | 34.95 Bn | 25.05 Bn | 641.00 Mn | 534.00 Mn |
| 7 | Axon Enterprise | 34.32 Bn | 28.85 Bn | 546.45 Mn | 499.67 Mn |
| 8 | Zscaler | 32.52 Bn | 18.64 Bn | - | - |
| 9 | Baidu | 29.56 Bn | -44.07 Bn | 1.47 Mn | 4.17 Bn |
| 10 | Xanadu Quantum Technologies | 4.58 | -679.03 Mn | 1.38 Mn | 31.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.50 Mn |
| Mar 31, 2026 | 26.10 Mn |
| Dec 31, 2025 | 22.21 Mn |
| Jun 30, 2025 | 16.58 Mn |
| Mar 31, 2025 | 13.46 Mn |
| Dec 31, 2024 | 12.45 Mn |
API Access
Xanadu Quantum Technologies 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=XNDU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=XNDU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();