October 2026
Largest Quantum Computing Public Companies in Canada
Benchmark revenue and EBITDA valuation multiples for public comps like
Hydrograph Clean Power, Xanadu, BTQ Technologies, Quantum eMotion and Quantum Secure Encryption.
 | Hydrograph Clean Power Inc is engaged in the acquisition and development of graphene and hydrogen-related products and services. The company's products include Fractal graphene and Reactive Graphene. | $3 | +8% | $1.1B | $1.1B | 24722.8x | (135.7x) | ||
| Xanadu Quantum Technologies Inc specializes in designing photonic devices and the platforms around them, including the experimentation and development of quantum computers available on the cloud with supporting software, along with quantum simulators and other related products and offerings. | $3 | -- | $976M | $719M | 217.8x | (15.4x) | ||
| BTQ Technologies Corp is engaged in the development of computer-based technology related to post-quantum cryptography, particularly as it applies to blockchain and related technologies, and their protection from the emerging security risk of quantum computing. The company derives revenue from Software licensing. Geographically, the company has a presence in Canada, Taiwan, Australia, and the United States. | $2 | -70% | $331M | $325M | 1445.6x | (18.3x) | ||
| Quantum eMotion Corp is a technology development company focused on developing and commercializing intellectual property in quantum-based cryptographic and cybersecurity solutions. The company delivers quantum-based security solutions in software and hardware that embed true quantum randomness at the chip level. Its software offerings include Sentry-Q for securing data across networks and applications; eFlux-Q, a cloud-based entropy distribution system for cryptographic systems and key generation; eCrypto-Q, a developer toolkit combining electron-based QRNG and post-quantum cryptography; and eHot-Q, a quantum-safe hot wallet SDK for digital asset protection. Its hardware solution includes eCore-Q, an electron-based QRNG providing high-speed entropy for cryptographic, AI, and IoT systems. | $1 | -- | $122M | $98M | 12292.5x | (12.5x) | ||
| Quantum Secure Encryption Corp is a technology company specializing in post-quantum cybersecurity, encrypted data infrastructure, and quantum-resilient entropy solutions. Through its flagship platform, the company provides enterprises, government agencies, financial institutions, and healthcare systems with next-generation tools for securing data in transit, at rest, and across distributed environments. | $0 | -45% | $21M | $20M | 685.1x | (7.5x) | ||
| Median | $2 | -45% | $331M | $325M | 1445.6x | (15.4x) |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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