Earnings ·
Horizon Quantum Holdings Ltd. filed its unaudited condensed consolidated interim financial statements for the six…
HQWWWHorizon Quantum Holdings Ltd.
Horizon Quantum Holdings Ltd. filed its unaudited condensed consolidated interim financial statements for the six months ended June 30, 2026, following the completion of its business combination with dMY Squared Technology Group on March 19, 2026. The company reported a net loss of $118.8 million, driven by a $105.3 million non-cash fair value loss on derivative liabilities and operating expenses totaling $13.7 million. Cash balances increased to $113.3 million from proceeds of approximately $98.2 million received from the business combination and PIPE financing. The company operates in the quantum computing software industry, developing tools like Triple Alpha to accelerate application creation for quantum computers.