01 Quantum (ONE) Q3 2026 earnings summary

Executive summary

• Advanced technologies and go-to-market strategy following new capital infusion, focusing on quantum-safe AI and data privacy solutions, with momentum in PQC and secure AI markets through new partnerships and independent validation.

• Shift from one-time engineering fees to building recurring revenue streams through partner-led deployments and royalties, with completed customer-funded projects now generating royalties.

• Strategic partnerships with global firms like Hitachi, CGI, Thales, PwC, and Crypto4A, with another major partner announcement pending.

• Patent-protected Quantum AI Wrappers (QAW) technology demonstrated publicly and independently validated for efficiency by Carleton University.

• Expanded commercialization framework with validated technology, sector-driven demand, and Tier-1 partners, supporting optimism for exponential growth in PQC and AI-related revenue.

Financial highlights

• Recurring revenue from partner royalties has started to accumulate, replacing prior one-time engineering fees.

• Third quarter revenue was $64,410, down from $143,957 in the prior year, but year-to-date revenue rose to $1,082,507 from $333,269 year-over-year.

• Net loss for the quarter was $892,044; adjusted loss (excluding stock-based compensation and depreciation) was $453,429.

• Cash usage for the quarter was CAD 450,000, with cash operating expenses at $514,074.

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

Outlook and guidance

• Expects recurring revenue to continue building, with PQC and AI-related business projected to grow exponentially before 2029.

• Positioned to advance R&D and marketing efforts, leveraging strong cash management and commercialization partnerships.

• AI marketplace, enabling quantum-safe and privacy-preserved AI model sharing, targeted for launch in Q2 2027.

• Ongoing and future co-marketing and co-development projects with major partners anticipated.

• Anticipates durable adoption as governments and enterprises transition to quantum-resilient cybersecurity and secure AI.