01 Quantum (ONE) Q1 2026 earnings summary

Executive summary

• Q1 2026 engineering revenue exceeded $350,000, up more than 400% year-over-year, driven by commercial launches in remote access and digital assets verticals.

• Cash position at quarter-end was $3.36 million, an increase of $2.3 million from last year, supporting ongoing operations and commercialization.

• Business model centers on quantum-safe cybersecurity, with early commercial success and risk-free royalty streams.

• Strategic focus includes post-quantum cryptography, quantum-safe tokens, and privacy-preserving AI solutions, with ongoing development of Quantum AI Wrapper (QAW) for encrypted AI execution.

• Two PQC product verticals—remote access and digital assets—are now commercially available and generating revenue through partners.

Financial highlights

• Q1 2026 engineering revenue reached $350,000, representing a 400%+ increase year-over-year.

• IFRS loss for Q1 2026 was $569,495, compared to $135,439 in Q1 2025.

• Adjusted loss (excluding stock-based compensation and depreciation) was $292,623, up from $57,635 in Q1 2025.

• Operating expenses rose to $919,996 from $213,544 year-over-year, reflecting increased R&D and commercialization efforts.

• Cash and GICs totaled $3.36 million at quarter-end.

Outlook and guidance

• Focus for 2026 includes supporting partner rollout of DoMobile Ver.5, expanding $qONE adoption, advancing QAW to commercial availability, and developing additional PQC technologies.

• Anticipates new income streams from AI and additional service offerings beyond current products.

• Expects continued growth in quantum-safe cybersecurity and AI privacy markets.

• Tight product development timeline with multiple AI and quantum-safe launches planned through 2027.

• Management expects 2026 to be pivotal for establishing leadership in quantum-resilient cybersecurity and AI security.