Xanadu Quantum Technologies (XNDU) Research & Development (2024 - 2026)
Xanadu Quantum Technologies (XNDU) recorded Research & Development of $19.72 million in Q2 2026, up 51.6% from $13.01 million a year earlier and up 13.7% from the prior quarter.
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Analysis
Xanadu Quantum Technologies (XNDU) Research & Development (2024 - 2026) Analysis & Trends
On a TTM basis, Xanadu Quantum Technologies' Research & Development came in at $67 million as of Jun 30, 2026; for FY2025, it came in at $55.24 million, up 40.8% from FY2024.
- Across earlier years, Research & Development came in at $39.22 million in FY2024 (+9.8%) and $35.72 million in FY2023.
- On a year-over-year basis, Research & Development has increased for three consecutive quarters.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 316.55 Bn | 301.63 Bn | 2.30 Bn | 779.00 Mn |
| 2 | CrowdStrike Holdings | 269.03 Bn | 249.47 Bn | 1.10 Bn | 444.20 Mn |
| 3 | Fortinet | 129.08 Bn | 115.01 Bn | 1.64 Bn | 225.00 Mn |
| 4 | Snowflake | 116.42 Bn | 103.73 Bn | 1.04 Bn | 567.48 Mn |
| 5 | Datadog | 96.40 Bn | 78.04 Bn | 881.34 Mn | 477.97 Mn |
| 6 | Okta | 34.24 Bn | 24.34 Bn | 641.00 Mn | 163.00 Mn |
| 7 | Axon Enterprise | 34.08 Bn | 28.61 Bn | 546.45 Mn | 208.69 Mn |
| 8 | Zscaler | 32.34 Bn | 18.46 Bn | - | - |
| 9 | Baidu | 29.50 Bn | -44.13 Bn | 1.47 Mn | 679.00 Mn |
| 10 | Xanadu Quantum Technologies | 4.77 | -679.03 Mn | 1.38 Mn | 19.72 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.72 Mn |
| Mar 31, 2026 | 17.35 Mn |
| Dec 31, 2025 | 16.92 Mn |
| Jun 30, 2025 | 13.01 Mn |
| Mar 31, 2025 | 10.01 Mn |
| Dec 31, 2024 | 8.83 Mn |
API Access
Xanadu Quantum Technologies 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=XNDU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=XNDU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();