Horizon Quantum Holdings Ltd. (HQ)
dMY Squared is a company dedicated to facilitating the successful debut of future industry leaders and their ventures on public stock exchanges. The organization endeavors to broaden investor participation in innovative, market-defining companies by expediting and streamlining the entire initial public offering (IPO) procedure.
Sector: Services-Computer Programming Services
Industry: Software - Infrastructure
Horizon Quantum Holdings Ltd. Class A Ordinary Shares
NASDAQ:HQTechnology · Software - Infrastructure
+0.49%$14.35
AH Close$14.35+0.00%vs close
AH Close$14.35+0.00%vs close
Mkt Cap$774.5M
Float8.85M
O/S53.97M
Inst Own35.9%
SI15.3%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$39K
Net Income-$18.04M
Total Assets$27.58M
Free Cash Flow-$354K
Debt & Equity
Debt 90%
Equity 10%
Total Debt$2.15M
Total Equity$250K
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in HQ's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$27.58M
Liabilities$27.33M
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Revenue | $39K | $283K | $39K | $0 |
| YoY Growth | -86.2% | 621.8% | - | - |
| Cost of Revenue | $0 | $0 | $0 | $0 |
| Gross Profit | $39K | $283K | $39K | $0 |
| Gross Margin | 100.0% | 100.0% | 100.0% | - |
| Research and Development | $8.37M | $2.72M | $1.75M | $0 |
| Selling, General, and Administrative | $8.1M | $3.06M | $2M | $982K |
| Other | $824K | $672K | $207K | $164K |
| Total Operating Expenses | $17.29M | $6.45M | $3.96M | $1.15M |
| Operating Income (EBIT) | -$17.25M | -$6.17M | -$3.93M | -$1.15M |
| Operating Margin | -44114.7% | -2181.0% | -10017.7% | - |
| Interest Expense | $9K | $39K | $2K | $0 |
| Interest Income | $0 | $0 | $0 | $112 |
| Other Income (Expense) | -$789K | $289K | -$131K | -$1.28M |
| Income Before Tax (EBT) | -$18.04M | -$5.88M | -$4.06M | -$2.42M |
| Income Tax Expense | $0 | $0 | $0 | $91K |
| Net Income | -$18.04M | -$5.88M | -$4.06M | -$2.51M |
| Net Income Margin | -46131.4% | -2078.7% | -10351.4% | - |
| Supplementary Data | ||||
| EPS | -5.89 | -1.92 | -0.87 | -0.40 |
| Diluted EPS | -5.89 | -1.92 | -0.87 | -0.40 |
| Weighted Average OS | 3.92M | 3.92M | 5.97M | 7.90M |
| EBITDA | -$16.43M | -$5.18M | -$3.85M | -$1.15M |
| EBITDA Margin | -42023.0% | -1830.4% | -9817.9% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Assets | ||||
| Current Assets | ||||
| Cash and Cash Equivalents | $78 | $5.2M | $12.94M | $251K |
| Short-Term Investments | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $78 | $5.2M | $12.94M | $251K |
| Accounts Receivable | $0 | $291K | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $409K | $0 |
| Total Current Assets | $112K | $6.3M | $13.35M | $846K |
| Long-Term Assets | ||||
| Property, Plant & Equipment Net | $0 | $2.95M | $657K | $0 |
| Goodwill | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $27K | $31K | $0 |
| Long-Term Investments | $27.47M | $0 | $0 | $68.1M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $75K | $35K | $0 |
| Total Long-Term Assets | $27.47M | $3.05M | $723K | $68.1M |
| Other Assets | $0 | $0 | $0 | $0 |
| Total Assets | $27.58M | $9.35M | $14.07M | $68.95M |
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts Payable | $0 | $0 | $0 | $0 |
| Short-Term Debt | $1.2M | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $7.15M | $0 | $0 | $632K |
| Total Current Liabilities | $8.35M | $832K | $177K | $722K |
| Long-Term Liabilities | ||||
| Long-Term Debt | $953K | $0 | $0 | $998K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $18.03M | $0 | $0 | $4.94M |
| Total Long-Term Liabilities | $18.98M | $355K | $0 | $5.93M |
| Other Liabilities | $0 | $0 | $0 | $0 |
| Total Liabilities | $27.33M | $1.19M | $177K | $6.66M |
| Stockholders' Equity | ||||
| Preferred Stock | $0 | $22.67M | $22.62M | $0 |
| Common Stock | $27.37M | $4K | $4K | $67.74M |
| Retained Earnings | -$27.12M | -$16.87M | -$10.97M | -$5.45M |
| Comprehensive Income & Other | $0 | -$8K | $6K | $0 |
| Other Stockholders' Equity | $0 | $25.03M | $24.86M | -$1 |
| Total Equity | $250K | $8.16M | $13.89M | $62.29M |
| Minority Interest | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $27.58M | $9.35M | $14.07M | $68.95M |
| Supplementary Data | ||||
| Total Debt | $2.15M | $635K | $21K | $998K |
| Net Debt | $2.15M | -$4.57M | -$12.92M | $747K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Operating Activities | ||||
| Net Income | -$17.92M | -$5.88M | -$4.06M | -$2.51M |
| Depreciation & Amortization | $818K | $663K | $207K | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $125K | $251K | $0 |
| Changes in Working Capital: | ||||
| Accounts Receivable | $0 | -$118K | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $396K | -$86K | $0 |
| Other Working Capital | $3.05M | -$831K | -$257K | $69K |
| Total Working Capital Change | $3.05M | -$553K | -$343K | $69K |
| Other Non-Cash Items | $13.7M | -$193K | $133K | $1.32M |
| Net Cash from Operating | -$354K | -$5.84M | -$3.81M | -$1.12M |
| Investing Activities | ||||
| Capital Expenditures | $0 | -$2.15M | -$459K | $0 |
| Acquisitions | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$815K | $0 | $0 | -$67.51M |
| Sales of Investments | $149K | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$342 | $0 | $0 |
| Net Cash from Investing | -$666K | -$2.15M | -$459K | -$67.51M |
| Financing Activities | ||||
| Debt Repaid | - | - | - | -$998K |
| Common Stock Issuance | $0 | $0 | $0 | $67.99M |
| Common Stock Repurchases | -$149K | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 |
| Other Financing Activities | $305K | $0 | $0 | $0 |
| Net Cash from Financing | $709K | $0 | $5.2M | $68.88M |
| Forex Effect | $0 | $216K | -$127K | $0 |
| Net Change in Cash | -$311K | -$7.77M | $810K | $251K |
| Supplementary Data | ||||
| Operating Cash Flow | -$354K | -$5.84M | -$3.81M | -$1.12M |
| Capital Expenditure | -$4 | -$2.15M | -$459K | $0 |
| Free Cash Flow | -$354K | -$7.98M | -$4.27M | -$1.12M |
| Cash at Beginning | $311K | $12.97M | $12.13M | $0 |
| Cash at End | $78 | $5.2M | $12.94M | $251K |