01 Quantum (ONE) Q1 2026 earnings summary

Executive summary

• Q1 engineering revenue exceeded $349,766, up more than 400% year-over-year, driven by commercial launches in remote access and digital assets verticals.

• Ended Q1 with a cash position of CAD 3.36 million, an increase of over CAD 2.3 million from last year, supporting ongoing operations and commercialization.

• Focused on quantum-safe cybersecurity, digital assets, and advancing Quantum AI Wrapper (QAW) for encrypted AI execution.

• Positioned as a leader in post-quantum cryptography, targeting urgent market needs due to imminent quantum threats.

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

Financial highlights

• Q1 engineering revenue reached $349,766, representing a 400%+ increase year-over-year.

• IFRS loss for Q1 2026 was $569,495, with adjusted loss (excluding stock-based compensation and depreciation) at $292,623.

• Operating expenses rose to $919,996, reflecting increased R&D and commercialization efforts.

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

• Quarterly expenses remained under $300,000 in prior year despite increased marketing, R&D, and investor relations.

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 additional income from new AI and service offerings beyond current revenue streams.

• Market-building for QAW technology expected through 2025, with commercial launches and marketplace rollouts scheduled through 2027.

• Expects to capitalize on growing urgency for quantum-safe solutions across finance, government, and healthcare.

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