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Horizon Quantum Holdings Ltd. Class A Ordinary Shares

Horizon Quantum Holdings Ltd. develops programming tools and software that simplify and automate the process of developing applications for quantum computers. The company provides programming tools that enable developers to construct reusable quantum circuits from functions written in classical languages such as C and C++. Its offerings include code portability features for compiling and optimizing quantum programs to map to various quantum hardware, and a web-based integrated development environment called Triple Alpha for writing, compiling, and deploying quantum software at different abstraction levels. The tools automate the construction of quantum algorithms from classical code and support concurrent classical and quantum computation. The company serves software developers and professionals in technology industries, as well as users seeking to develop or optimize software for quantum hardware across various computational fields. Horizon Quantum Holdings Ltd. has a strategic collaboration with Q.M Technologies Ltd. to enhance efficiency of quantum systems. The company was founded in 2018 and is based in Singapore.

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Horizon Quantum Q2 Loss Widens to $115.2 Million on Warrant Charge

Horizon Quantum Computing reported a second-quarter net loss of $115.2 million, compared with a loss of $2.9 million a year earlier, driven largely by a $108 million non-cash charge from the remeasurement of warrant liabilities. The company ended the quarter with $113.3 million in cash, up from $96.6 million at the end of March, after warrant exercises generated $2.7 million during the quarter and approximately $28.7 million to date. Operating expenses rose to $7.2 million from $2.8 million, reflecting headcount growth to 57 full-time employees and increased research spending. Operationally, Horizon launched early access for its Beryllium quantum programming language, opened its Ember-1 superconducting testbed to users, and announced a collaboration with Quantum Machines, while also planning a 256-qubit IonQ testbed for 2027.
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Four Quantum Computing Stocks Went Public This Year—Here’s What’s Next

Four quantum computing companies—Quantinuum, Xanadu Quantum Technologies, Horizon Quantum Computing, and Infleqtion—completed initial public offerings between February and June of this year. Quantinuum, which uses trapped-ion technology, launched its Helios computer commercially in November 2025 and plans to release its Sol system in 2027 and the fault-tolerant Apollo system in 2029, though its first-quarter fiscal 2026 revenue fell 73% year over year to $5.2 million. Infleqtion, focused on neutral-atom sensing, reported $9.5 million in first-quarter revenue, up 14% from a year earlier, and raised its full-year 2026 outlook to at least $40 million after securing over $20 million in additional funding from NASA’s Jet Propulsion Lab. Xanadu, a photonic quantum computing company, posted $4.6 million in 2025 revenue against a $70.7 million net loss and recently expanded its partnership with Lockheed Martin into workforce training. Horizon Quantum, a software provider whose tools enable programs to run across different quantum hardware, agreed to buy one of IonQ’s 256-qubit systems in April but recorded a $6.5 million operating loss in the first quarter of 2026.
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Horizon Quantum Went Public This Year and Could Be the Buy of the Year

Horizon Quantum, a company developing software for quantum computers, went public this year and its stock has soared from an opening price of $12 per share on March 20 to as high as $45 on June 22. The company aims to become the leading software system in the quantum computing era, similar to Microsoft's Windows in the personal computing era, with its hardware-agnostic Triple Alpha platform. Catalysts for the stock's rise include President Trump's June 22 executive order to advance U.S. quantum computing leadership and investment bank Needham initiating coverage with a buy rating. However, Horizon reported no revenue in the first quarter, with operating expenses rising to $6.5 million from $4.7 million a year earlier, though it held $96.6 million in cash after its IPO. Given the lack of revenue, rising costs, and the industry's early stage, investing in Horizon is considered high-risk and may be best suited for those with a high risk tolerance.
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