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Horizon Quantum Q3 2026 Swings to Net Profit of USD 33.41 Million From Year-Earlier Loss

PUBT·11/10/2026 12:03:58
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Horizon Quantum Q3 2026 Swings to Net Profit of USD 33.41 Million From Year-Earlier Loss
  • Horizon Quantum swung to Q3 2026 net income of USD 33.41 million from a year-earlier loss of USD 5.19 million.
  • Earnings included a USD 43.1 million noncash gain from remeasuring warrant-related derivative liabilities due to a lower share price.
  • Operating loss more than doubled year-over-year to USD 10.49 million, primarily due to public-company transition expenses, R&D hiring and operational support costs.
  • Quarter-end cash and cash equivalents fell 9% from Q2 2026 to USD 102.8 million.
  • A nonbinding letter of intent proposes acquiring quantum software company Entropica Labs for USD 27 million in Class A ordinary shares.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Horizon Quantum Holdings Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 202611100700BIZWIRE_USPR_____20261110_BW949593) on November 10, 2026, and is solely responsible for the information contained therein.