01 Quantum (ONE) Q3 2026 earnings summary

Executive summary

• Advanced quantum-safe technologies and go-to-market strategy, leveraging new capital and strategic partnerships, with momentum in PQC and secure AI markets through independent validation and commercialization agreements.

• Focused on quantum-safe AI, remote access, digital assets, and email security, with several solutions already commercially deployed and generating royalties.

• Partner-led approach and Tier-1 alliances enable access to large markets without building a global direct sales force.

• Patent-protected Quantum AI Wrappers (QAW) technology addresses user data privacy in AI, independently validated by Carleton University.

• Recurring revenue from partners has started, with expectations for exponential growth in PQC and AI-related business.

Financial highlights

• Third quarter revenue was $64,410, down from $143,957 in the prior year, reflecting the end of one-time development projects.

• Year-to-date revenue rose to $1,082,507 from $333,269 year-over-year, driven by new product commercialization.

• Net loss for the quarter was $892,044, compared to $351,411 in the prior year; adjusted loss was $453,429, up from $269,939.

• Cash usage was CAD 450,000 for the quarter, with cash operating expenses at $514,074, up from $407,292 year-over-year.

• Ended the quarter with $2,877,629 in cash and cash equivalents, maintaining zero debt.

Outlook and guidance

• Expects recurring revenue to continue building, with PQC and AI-related revenue projected to grow exponentially as demand for quantum safety rises before 2029.

• AI marketplace, similar to Hugging Face but quantum-safe, targeted for launch in Q2 2027.

• Anticipates further co-marketing and co-development announcements with major partners and durable adoption as governments and enterprises transition to quantum-resilient cybersecurity.