Xanadu net loss widens 54% to $70,667 in FY25

Xanadu Quantum Technologies Limited Class B

Xanadu Quantum Technologies Limited Class B

XNDU

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  • Xanadu posted fiscal 2025 net loss of USD 70.7 million, widening 54%.
  • Revenue climbed to USD 4.6 million, more than doubled.
  • Adjusted EBITDA loss widened to USD 50.8 million.
  • Cash and cash equivalents fell to USD 16.2 million.
  • Company said proceeds from Business Combination and PIPE totaled about USD 302 million, leaving cash and cash equivalents balance of USD 276 million at closing.
  • Management said proceeds, combined with cash and cash equivalents as of Dec. 31, 2025, should fund operations, R&D, and capex for at least 12 months from issuance of financial statements.


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