Xanadu’s inaugural earnings miss with greater net loss than expected, but fourfold revenue growth

Newly public quantum company Xanadu posted a net loss of $20.6 million USD in its inaugural earnings call, but revenue grew fourfold compared to the same period last year. “I want to take a moment to acknowledge what this call represents, not just a financial reporting milestone but a public commitment to transparency and accountability,” CEO Christian Weedbrook told analysts during the call. The Toronto firm announced its first-quarter earnings today after markets closed.