The framework has shifted from accumulation to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 6.3% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading neutral. The street (2 analysts) rates it strong buy, with a mean price target of $44.
Xanadu Quantum Technologies Limited
XNDU · Nasdaq · USD · Market cap $2.6B · 240 employees
Xanadu Quantum Technologies Limited develops and provides photonic quantum computing technology and related software solutions and applications, including cloud-based access to quantum computers and tools for quantum pro…
FAIL · Does not pass the screenAt the last full screen
2026-09-11
Screened 2026-09-11 · the tape above runs as of 23:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
This name holds its markdown label.
Xanadu Quantum Technologies Limited holds its Markdown at $8.62.
| Phase | Markdown · caution |
| Price at the screen | $8.62 |
| Valuation | N/A trailing · -15.82 forward price to earnings |
| Values screen | FAIL · score 70.0 |
Five Screens, Shown in Full
Does not pass. Debt ratio
| Test | Figure | Limit | What it means | Status |
|---|---|---|---|---|
| Business activity | Permissible | Core business clean | Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending. | Pass |
| Debt load | 54.19% | Below 33% | Interest-bearing debt is 54.2% of its assets, above the one-third ceiling the screen allows. | Fail |
| Interest-bearing cash | 0.00% | Below 33% | Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit. | Pass |
| Receivables | 23.04% | Below 49% | Money owed to the company is 23.0% of assets, under the 49% limit. | Pass |
| Revenue purity | 26.19% | Below 5% | 26.2% of revenue comes from non-compliant sources, over the 5% line. | Fail |
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
What the Numbers Say It Is WorthThe Fair Value Range
The Street's RangeThird-party analyst targets: 3 covering, consensus Strong Buy. The average target sits +294% from the screen price.
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-11 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words| Forward P/E | -15.8x |
| EPS, trailing | -0.29 |
| EPS, forward | -0.55 |
| Revenue growth | +43.0%growing very fast |
| Profit margin | 0.0%currently unprofitable |
| Return on equity | -56.4%not currently earning a positive return on equity |
| FCF yield | -1.81% |
| Debt to equity | 0.19minimal debt: a conservative balance sheet |
| Current ratio | 25.54comfortably covers its short-term bills |
| Short interest, float | 0.15% |
| 52-week range | 6.97 - 42.44 |
| Market cap | $2.6B |
| Employees | 240 |
The risks · The things to watch: its business and earnings are exposed to Canada and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to TradeXNDU trades on Nasdaq (the company is based in Canada). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
Every Entry, As Written
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading neutral. The street (2 analysts) rates it strong buy, with a mean price target of $44.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
Screened names in the same industry · explore each on its own page.
| Period | Price then | Price return | Divs per share | $1,000 became | Total return |
|---|---|---|---|---|---|
| 1 month | $14.78 | -20.4% | · | $796 | -20.4% |
| 2 months | $8.96 | +31.3% | · | $1,313 | +31.3% |
Historical returns from market close data. Past performance does not guarantee future results.
This entry now belongs to the ledger. Whatever XNDU does next, these words stay.
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Join the deskScreening is research, not a fatwa and not financial advice. Figures are drawn from public accounts at the screen date shown. Always manage your risk.