Xanadu Quantum Technologies (TSX:XNDU) Research & Development: C$49.57 Mil (TTM As of Mar. 2026)


TSX:XNDU Xanadu Quantum Technologies Ltd TSX:XNDU
11 GF Score
Price C$15.84
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What is Xanadu Quantum Technologies Research & Development?

Xanadu Quantum Technologies TSX:XNDU -8.17% 11 Research & Development is C$49.57 Mil as of Mar. 2026. GuruFocus rates TSX:XNDU with a GF Score™ of 11/100. The stock has 1 warning sign investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Xanadu Quantum Technologies's Research & Development for the three months ended in Mar. 2026 was C$17.35 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was C$49.57 Mil.

Xanadu Quantum Technologies  (TSX:XNDU) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Xanadu Quantum Technologies Research & Development Related Terms

Xanadu Quantum Technologies Research & Development Historical Data

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The historical data trend for Xanadu Quantum Technologies's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Xanadu Quantum Technologies Research & Development Chart

Xanadu Quantum Technologies Annual Data
Trend Dec23 Dec24 Dec25
Research & Development
35.72 39.22 55.24

Xanadu Quantum Technologies Quarterly Data
Dec23 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial 8.83 10.01 15.30 16.92 17.35
TSX:XNDU
11GF Score
Xanadu Quantum Technologies Ltd TSX:XNDU
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Xanadu Quantum Technologies Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$49.57 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of C$49.57 Mil mean?
Xanadu Quantum Technologies (TSX:XNDU) has a Research & Development of C$49.57 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Xanadu Quantum Technologies and its competitors.
Is Xanadu Quantum Technologies' Research & Development too high?
Xanadu Quantum Technologies' current Research & Development is C$49.57 Mil. Overall, Xanadu Quantum Technologies has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Xanadu Quantum Technologies' Research & Development compare to MSFT and ORCL?
Xanadu Quantum Technologies' Research & Development of C$49.57 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Software company?
A good Research & Development depends on the Software industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Xanadu Quantum Technologies and its competitors. Xanadu Quantum Technologies's current Research & Development is C$49.57 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xanadu Quantum Technologies stock overvalued right now?
Xanadu Quantum Technologies (TSX:XNDU) has a current Research & Development of C$49.57 Mil. The current Research & Development is C$49.57 Mil. Xanadu Quantum Technologies' overall GF Score™ is 11/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Xanadu Quantum Technologies (TSX:XNDU), the current Research & Development is C$49.57 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Xanadu Quantum Technologies Business Description

Other Exchanges XNDU:USA6B4:Germany
Address 777 Bay Street, Suite 2400, Toronto, ON, CAN, M5G 2C8
Xanadu Quantum Technologies Ltd 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. Its products include: Aurora, PennyLane, Catalyst, Lightning, Catalyst and PennyLane Codebook. The company operates in industries such as automotive, aerospace, energy, materials, and semiconductor sectors.
11GF Score

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Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$15.84
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