Horizon Quantum Reports Second Quarter 2026 Financial Results

Horizon Quantum Holdings reported Q2 2026 financial results, highlighting the release of its Beryllium quantum programming language, Ember-1 testbed access, and a cash balance of $113.3 million. The company reported Q2 2026 operating expenses of $7.2 million, an operating loss of $7.2 million, and a net loss of $115.2 million, including a $108.3 million non-cash loss related to warrant liability remeasurement. Horizon Quantum said its Q2 milestones included a Quantum Machines collaboration on calibration technology and continued development of its software and hardware testbed infrastructure. Press release – Horizon Quantum Holdings Ltd. (Nasdaq: HQ) (“Horizon Quantum,” “Horizon,” or “the Company”), a pioneer of software infrastructure for quantum applications, today reported financial results for the fiscal second quarter ended June 30, 2026 (“Q2 2026”). Beryllium, Horizon’s object-oriented programming language, became available to early access users at the end of Q2 2026. A strategic collaboration with Quantum Machines has been announced, which includes the joint development of embedded calibration technologies. Ember-1, Horizon’s Singapore-based testbed system, became available to first users. Cash received from exercise of warrants improves financial runway. As of August 3, 2026 cash balances have been fortified by proceeds of $28.7 million from the exercise of approximately 2.5 million publicly…