Stock fact sheet · data as of
Xanadu Quantum Technologies Limited (XNDU): fair value, margin of safety and Wheel Score
Ticker symbol XNDU · Technology · Software - Infrastructure · Canada · Class B common stock · Speculative
XNDU is Xanadu Quantum Technologies Limited's Class B common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is XNDU undervalued?
At 2.62 (close of 5 Nov 2026), XNDU has no GLS fair value: every one of the nine models needs a positive input (the company lost money over the last twelve months, EPS -2.96, it pays no dividend and its debts exceed what its assets would fetch), so the margin of safety is blank and the Wheel Score cannot be computed. Our scans leave the stock out at the first filter. What can be said from the nightly row is below.
The nightly engine files XNDU under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for XNDU
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -0.1753 | -107% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 17.92 | +584% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Xanadu Quantum Technologies Limited scores only 4 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 3.7/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC -23.8%, ROE -23.8%, ROA -22.7% - with debt at 0.00 times equity and negative free cash flow.
Xanadu Quantum Technologies Limited pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 10/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | -23.8% |
|---|---|---|---|
| GLS Moat | 3.7 / 10 | ROE | -23.8% |
| Debt / equity | 0.00 | ROA | -22.7% |
| Free-cash-flow yield | -37.1% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 13: Weak
With a Wheel Score of 13 Xanadu Quantum Technologies Limited sits in the Weak band. It fails filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 3, below fair value - trades right at our fair value; and filter 4, financially healthy - Piotroski 4/9 (under 6); and filter 7, a premium worth selling - implied volatility 153% (over 80%); and filter 8, big enough - market cap $146M (under $1.0B); and filter 9, not a penny stock - price 2.62 (under $5); Value (weak) is its weakest part.
Implied volatility is 153%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. Chain open interest is 3,483 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 2.6M shares a day on a market cap of $146M, with a beta of 2.76 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that weak.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Fails | trades right at our fair value |
| 4 | Financially healthy | Fails | Piotroski 4/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | implied volatility 153% (over 80%) |
| 8 | Big enough | Fails | market cap $146M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 2.62 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 0% below fair value | |
| Premium | Weak | implied volatility 153% | |
| Moat | Fair | moat 3.7/10 | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Fair | Red Flags score 75/100 | |
| Option trading | Weak | 627 contracts a day, 3,483 open interest | |
| Stability | Weak | beta 2.76, $146M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 2 Dec 2026, 27 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Software - Infrastructure
The 12 companies below are the closest to Xanadu Quantum Technologies Limited by market cap within the Software - Infrastructure industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| ATGL Alpha Technology Group Limited | 9.60 | - | - | 8No options | $147M |
| SUPX SuperX AI Technology Limited | 4.77 | - | - | 13No options | $150M |
| SANG Sangoma Technologies Corporation | 4.52 | 6.54 | +31% | 29No options | $151M |
| TCX Tucows Inc. | 12.55 | - | - | 22Weak | $140M |
| PDYN Palladyne AI Corp. | 3.19 | - | - | 6Weak | $157M |
| SKYA SkyAI, Inc. | 2.95 | 0.2846 | -937% | 13Weak | $128M |
| AIBZ Bitzero Holdings Inc. Common Shares | 2.93 | 0.4443 | -559% | 11Weak | $180M |
| GRRR Gorilla Technology Group Inc. | 7.70 | - | - | 11Weak | $191M |
| MOVE Corvex, Inc. | 6.40 | - | - | 10Weak | $202M |
| OWLS OBOOK Holdings Inc. | 2.34 | - | - | 13No options | $207M |
| BKKT Bakkt Holdings, Inc. | 4.77 | - | - | 7Weak | $215M |
| KDK Kodiak AI, Inc. Common Stock | 1.10 | 0.0780 | -1310% | 16Weak | $221M |
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Start free See the Sunday ScanQuestions about XNDU
What kind of share is XNDU?
XNDU is Xanadu Quantum Technologies Limited's Class B common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is XNDU undervalued right now?
The GLS models could not value XNDU (the company lost money over the last twelve months, EPS -2.96, it pays no dividend and its debts exceed what its assets would fetch), so there is no fair value or margin of safety to compare the price of 2.62 against.
What is the Wheel Score of XNDU and what does it mean?
XNDU scores 13 out of 100 (Weak) - it fails Wheel Trade Filters 2, 3, 4, 7, 8, 9. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for XNDU?
None of the nine GLS models produced a positive value for XNDU (the company lost money over the last twelve months, EPS -2.96, it pays no dividend and its debts exceed what its assets would fetch), so there is no GLS fair value tonight.
When does Xanadu Quantum Technologies Limited report earnings next?
The next earnings report is due on 2 Dec 2026, 27 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does XNDU have listed options, and how liquid are they?
Yes. The nightly snapshot found 52 listed contracts with 3,483 open interest across all expiries and implied volatility of 153% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.