HQWWW
HQWWW
Horizon Quantum Holdings Ltd. WarrantIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $0 | $1.21M ▼ | $-5.96M ▼ | 0% | $-1.52 ▼ | $-1.21M ▲ |
| Q3-2025 | $0 | $1.99M ▲ | $-931.13K ▲ | 0% | $-0.24 ▲ | $-1.99M ▼ |
| Q2-2025 | $0 | $775.46K | $-6.37M | 0% | $-1.63 | $-775.46K |
What's going well?
Operating losses shrank compared to last quarter, and the company has no interest expense or dilution issues.
What's concerning?
There is still no revenue, and net losses exploded due to big 'other' expenses. The company is burning cash with no sales and no clear path to profitability.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $78 ▼ | $27.43M ▲ | $27.18M ▲ | $248.7K ▼ |
| Q3-2025 | $349 ▲ | $27.18M ▲ | $20.83M ▲ | $6.36M ▼ |
| Q2-2025 | $348 | $26.89M | $19.6M | $7.29M |
What's financially strong about this company?
The company has no goodwill or intangible assets, so there’s no risk of write-downs. Most assets are in long-term investments, which could provide some value if sold.
What are the financial risks or weaknesses?
Cash is almost gone, debt is extremely high, and equity has nearly vanished. The company has a long history of losses, and current assets can’t cover near-term bills.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $-5.96M ▼ | $421.65K ▲ | $47.78K ▲ | $-469.7K ▼ | $-271 ▼ | $421.65K ▲ |
| Q3-2025 | $-931.13K ▲ | $0 ▲ | $-150K | $150K | $0 ▲ | $0 ▲ |
| Q2-2025 | $-6.37M | $-180 | $-150K | $150K | $-180 | $-180 |
What's strong about this company's cash flow?
The company turned a corner by producing $421,654 in cash from operations and free cash flow, showing it can generate real cash even while reporting accounting losses. Share buybacks also signal some confidence.
What are the cash flow concerns?
The cash balance is critically low at just $78, leaving little room for error. The positive cash flow was boosted by a one-time working capital swing, and the company is still borrowing to stay afloat.
5-Year Trend Analysis
A comprehensive look at Horizon Quantum Holdings Ltd. Warrant's financial evolution and strategic trajectory over the past five years.
HQWWW provides exposure to an early‑stage quantum software platform with a clear, differentiated vision: simplifying quantum programming and remaining neutral across hardware vendors. The company is focused on a potentially critical layer of the future quantum stack, is building proprietary tools that could foster developer loyalty, and operates with an asset‑light, software‑driven model that can scale if successful.
Financially, the business is pre‑revenue, deeply loss‑making, and burning cash, with very limited liquidity and high leverage relative to its small equity base. Strategically, it faces strong competition, uncertain market timing for quantum computing, and the challenge of convincing a broad base of developers and partners to adopt a new platform. These factors create significant execution, funding, and going‑concern risk.
The outlook is highly uncertain and depends on two intertwined paths: securing enough capital and balance‑sheet resilience to fund ongoing development, and achieving real commercial traction as quantum computing matures. If the company can translate its innovation pipeline into widely used tools and stable revenue, its position could strengthen materially; if not, the current combination of cash burn and weak liquidity leaves little room for prolonged delays or missteps.
About Horizon Quantum Holdings Ltd. Warrant
https://www.dmysquared.comdMY Squared operates as an enabler, dedicated to facilitating the successful public market debut of the next generation of top-tier, entrepreneurial ventures. The firm works to expand investment opportunities for a wider audience, connecting them with innovative, market-defining companies by expediting and simplifying the often complex initial public offering (IPO) process.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $0 | $1.21M ▼ | $-5.96M ▼ | 0% | $-1.52 ▼ | $-1.21M ▲ |
| Q3-2025 | $0 | $1.99M ▲ | $-931.13K ▲ | 0% | $-0.24 ▲ | $-1.99M ▼ |
| Q2-2025 | $0 | $775.46K | $-6.37M | 0% | $-1.63 | $-775.46K |
What's going well?
Operating losses shrank compared to last quarter, and the company has no interest expense or dilution issues.
What's concerning?
There is still no revenue, and net losses exploded due to big 'other' expenses. The company is burning cash with no sales and no clear path to profitability.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $78 ▼ | $27.43M ▲ | $27.18M ▲ | $248.7K ▼ |
| Q3-2025 | $349 ▲ | $27.18M ▲ | $20.83M ▲ | $6.36M ▼ |
| Q2-2025 | $348 | $26.89M | $19.6M | $7.29M |
What's financially strong about this company?
The company has no goodwill or intangible assets, so there’s no risk of write-downs. Most assets are in long-term investments, which could provide some value if sold.
What are the financial risks or weaknesses?
Cash is almost gone, debt is extremely high, and equity has nearly vanished. The company has a long history of losses, and current assets can’t cover near-term bills.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $-5.96M ▼ | $421.65K ▲ | $47.78K ▲ | $-469.7K ▼ | $-271 ▼ | $421.65K ▲ |
| Q3-2025 | $-931.13K ▲ | $0 ▲ | $-150K | $150K | $0 ▲ | $0 ▲ |
| Q2-2025 | $-6.37M | $-180 | $-150K | $150K | $-180 | $-180 |
What's strong about this company's cash flow?
The company turned a corner by producing $421,654 in cash from operations and free cash flow, showing it can generate real cash even while reporting accounting losses. Share buybacks also signal some confidence.
What are the cash flow concerns?
The cash balance is critically low at just $78, leaving little room for error. The positive cash flow was boosted by a one-time working capital swing, and the company is still borrowing to stay afloat.
5-Year Trend Analysis
A comprehensive look at Horizon Quantum Holdings Ltd. Warrant's financial evolution and strategic trajectory over the past five years.
HQWWW provides exposure to an early‑stage quantum software platform with a clear, differentiated vision: simplifying quantum programming and remaining neutral across hardware vendors. The company is focused on a potentially critical layer of the future quantum stack, is building proprietary tools that could foster developer loyalty, and operates with an asset‑light, software‑driven model that can scale if successful.
Financially, the business is pre‑revenue, deeply loss‑making, and burning cash, with very limited liquidity and high leverage relative to its small equity base. Strategically, it faces strong competition, uncertain market timing for quantum computing, and the challenge of convincing a broad base of developers and partners to adopt a new platform. These factors create significant execution, funding, and going‑concern risk.
The outlook is highly uncertain and depends on two intertwined paths: securing enough capital and balance‑sheet resilience to fund ongoing development, and achieving real commercial traction as quantum computing matures. If the company can translate its innovation pipeline into widely used tools and stable revenue, its position could strengthen materially; if not, the current combination of cash burn and weak liquidity leaves little room for prolonged delays or missteps.
CEO
Joe Fitzsimons
Compensation Summary
(Year )
Upcoming Earnings
Ratings Snapshot
Rating : D+