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BTQ

BTQ Technologies Corp. Common Stock

BTQ

BTQ Technologies Corp. Common Stock • NASDAQ
$7.03 ▲ 4.15% (+0.28)
Market Cap $984.38 M
52w High $16.00
52w Low $4.94
Dividend Yield 0%
P/E -87.87
Volume 2.06M
Outstanding Shares 140.03M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $65.497K ▼ $2.032M ▼ $-1.947M ▼ -2.972K% ▼ $-0.015 ▼ $-1.946M ▼
Q1-2025 $250K $2.051M ▲ $-1.812M ▼ -724.792% ▼ $-0.014 ▼ $-1.812M ▼
Q4-2024 $250K ▼ $1.443M ▲ $-1.518M ▼ -607.13% ▼ $-0.012 ▼ $-1.452M ▼
Q3-2024 $326.094K ▲ $1.316M ▼ $-1.029M ▲ -315.659% ▲ $-0.008 ▲ $-989.671K ▲
Q2-2024 $90.573K $1.786M $-1.695M -1.872K% $-0.014 $-1.665M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $5.981M ▼ $6.529M ▼ $946.889K ▼ $5.582M ▼
Q1-2025 $8.034M ▼ $8.59M ▼ $1.68M ▼ $6.91M ▼
Q4-2024 $9.337M ▲ $9.731M ▲ $1.793M ▼ $7.939M ▲
Q3-2024 $822.679K ▼ $1.764M ▼ $3.052M ▲ $-1.288M ▼
Q2-2024 $1.173M $1.989M $2.228M $-239.264K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-1.947M ▼ $-2.122M ▼ $-12.033K ▼ $81.125K ▼ $-2.053M ▼ $-2.134M ▼
Q1-2025 $-1.812M ▼ $-1.485M ▼ $5.751K ▼ $176.175K ▼ $-1.303M ▼ $-1.485M ▼
Q4-2024 $-1.518M ▼ $-1.324M ▼ $25.225K ▼ $9.813M ▲ $8.514M ▲ $-1.324M ▲
Q3-2024 $-1.029M ▲ $-1.052M ▼ $301.976K ▲ $974.66K ▲ $224.7K ▲ $-1.328M ▼
Q2-2024 $-1.695M $-628.29K $0 $-25.376K $-653.666K $-628.29K

Five-Year Company Overview

Income Statement

Income Statement BTQ looks like a very early‑stage, research‑heavy software company. Over the last few years it has not generated meaningful revenue, and it has consistently reported losses at the operating and net income level. Those losses appear modest in absolute size but reflect a business that is still firmly in the investment and development phase rather than one with an established customer base or proven business model. Any improvement in losses in the most recent year is encouraging, but the company remains unprofitable and dependent on future commercialization to change that picture.

Balance Sheet

Balance Sheet There is essentially no disclosed detail on BTQ’s assets, cash, debt, or equity in this snapshot, which makes it hard to judge the company’s financial cushion or risk profile. For a firm at this stage, the balance sheet is likely dominated by cash, intellectual property, and other intangibles, with limited physical assets. The key unknowns are how much cash runway BTQ has, whether it carries any meaningful debt, and how reliant it may be on issuing new shares to fund operations. That lack of visibility is an important source of uncertainty.

Cash Flow

Cash Flow Cash‑flow information is not provided, but with no revenue and ongoing losses, it is reasonable to expect negative operating cash flow funded mainly by investors rather than by customers. In practice, this means BTQ’s ability to keep executing its roadmap likely depends on periodic capital raises, grants, or partnerships. Until the company starts generating recurring revenue or large contracts, cash burn and future financing needs are central questions that cannot be answered clearly from the available data.

Competitive Edge

Competitive Edge On the strategic side, BTQ occupies a specialized niche at the intersection of post‑quantum cryptography and blockchain, where it has moved early and built a broad technology stack. Its advantages come from a mix of proprietary cryptographic methods, active patenting, a technically strong team, and deep collaborations with universities and industry bodies. These factors create real barriers for new entrants. At the same time, BTQ is a small player in a field that attracts very large technology and cybersecurity companies, and the ultimate winners will likely be shaped by evolving global standards, customer trust, and the ability to scale and support enterprise deployments.

Innovation and R&D

Innovation and R&D BTQ is highly innovation‑driven, with a portfolio that spans both software and hardware. On the software side, it is developing quantum‑resistant blockchain consensus (QPoW), tools to shrink and scale post‑quantum signatures (PQScale), and a developer‑friendly framework for zero‑knowledge proofs (Keelung), along with a demonstrated quantum‑resistant version of Bitcoin. On the hardware and deep‑tech side, it is working on accelerators for post‑quantum algorithms (Kenting), a new digital signature scheme (Preon) it hopes to see standardized, and longer‑term ambitions in neutral‑atom quantum computing and emulation. This breadth gives BTQ significant technological optionality, but it also means heavy, ongoing R&D spend and long, uncertain timelines before major commercial payoff.

Summary

Overall, BTQ comes across as a technically ambitious, pre‑revenue technology company focused on a critical emerging problem: securing digital systems against future quantum computers. Its strengths lie in deep cryptographic expertise, differentiated post‑quantum and blockchain products, and strong links to the research community. The trade‑offs are clear: limited financial transparency, ongoing operating losses, and a need for continued external funding, all in a market where standards, customer adoption, and competitive dynamics are still unsettled. Future outcomes will depend less on the elegance of the science and more on BTQ’s ability to turn its innovation pipeline into widely adopted, paying solutions before financial constraints become binding.

NEWS

November 24, 2025 · 7:30 AM UTC

BTQ Technologies Added to MSCI Canada Small Cap Index

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November 18, 2025 · 7:30 AM UTC

BTQ's QPerfect Division Launches GPU-Accelerated QLEO with NVIDIA CUDA-Q Compatibility in Partnership with Quobly

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November 17, 2025 · 7:30 AM UTC

BTQ Technologies Provides Corporate Update Highlighting QSSN, QCIM Commercialization, and QPerfect Integration

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November 13, 2025 · 7:30 AM UTC

BTQ Technologies to Host Live Webinar on Quarterly Financial Results and General Corporate Update

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November 11, 2025 · 7:30 AM UTC

BTQ Exercises Option to Acquire QPerfect, a Leading Neutral Atom Computing Company, Strengthening BTQ as a Fully Integrated Quantum Company

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