(BTQ) BTQ Technologies Common - Overview
Sector: Technology | Industry: Software - Infrastructure | Exchange: NASDAQ (USA) | Market Cap: 670m USD | Total Return: 52.1% in 12m
Avg Turnover: 7.89M
Qual. Beats: -1
Warnings
Interest Coverage Ratio -1365.4 is critical
Altman Z'' -15.00 < 1.0 - financial distress zone
Extended 1w
Tailwinds
No distinct edge detected
BTQ Technologies Corp. is a Vancouver-based technology firm focused on post-quantum cryptography (PQC) solutions designed to secure blockchain networks against potential threats from quantum computing. The company’s product suite includes the PQScale scaling mechanism, the Keelung zero-knowledge proof toolkit, and Kenting hardware acceleration. Additionally, BTQ is developing the Quantum Proof-of-Work (QPoW) consensus algorithm and the QCIM chip in collaboration with the Industrial Technology Research Institute.
The company operates within the cybersecurity and systems software sector, where the transition to quantum-resistant standards is becoming a critical priority for financial infrastructure. BTQ’s business model relies on intellectual property development in lattice-based signatures and zero-knowledge proofs, technologies that aim to reduce the computational overhead and energy consumption typically associated with advanced cryptographic security.
Investors can evaluate the company’s long-term valuation metrics and sector positioning on ValueRay.
- Commercialization of PQScale and Keelung drives revenue through blockchain infrastructure adoption
- Strategic collaboration with ITRI validates Quantum Compute In Memory chip performance
- NIST standardization timelines for post-quantum cryptography dictate market adoption rates
- High research and development costs impact short-term liquidity and profitability
- Global transition to quantum-resistant security protocols increases demand for Preon signatures
| Net Income: -42.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.83 > 0.02 and ΔFCF/TA -27.48 > 1.0 |
| NWC/Revenue: 18.9k% < 20% (prev 744.2%; Δ 18.2k% < -1%) |
| CFO/TA -0.83 > 3% & CFO -21.5m > Net Income -42.7m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 7.06 > 1.5 & < 3 |
| Outstanding Shares: last quarter (141.3m) vs 12m ago 6.96% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.38% > 50% (prev 10.67%; Δ -10.29% > 0%) |
| Interest Coverage Ratio: -1.37k > 6 (EBITDA TTM -41.7m / Interest Expense TTM 30.5k) |
| A: 0.47 (Total Current Assets 14.4m - Total Current Liabilities 2.04m) / Total Assets 26.1m |
| B: -3.26 (Retained Earnings -85.2m / Total Assets 26.1m) |
| C: -2.41 (EBIT TTM -41.7m / Avg Total Assets 17.3m) |
| D: -30.80 (Book Value of Equity -85.2m / Total Liabilities 2.77m) |
| Altman-Z'' = -56.03 = D |
As of May 30, 2026, the stock is trading at USD 4.82 with a total of 3,743,599 shares traded.
Over the past week, the price has changed by +42.60%,
over one month by +74.64%,
over three months by +44.74% and
over the past year by +52.05%.
BTQ Technologies Common has no consensus analysts rating.
Market Cap CAD = 923.4m (670.1m USD * 1.3781 USD.CAD)
P/S = 10230.251
P/B = 39.6684
Revenue TTM = 65.5k CAD
EBIT TTM = -41.7m CAD
EBITDA TTM = -41.7m CAD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 845k CAD (Leases only: 845k)
Net Debt = -11.3m CAD (calculated: Debt 845k - CCE 12.1m)
Enterprise Value = 912.1m CAD (923.4m + Debt 845k - CCE 12.1m)
Interest Coverage Ratio = -1.37k (Ebit TTM -41.7m / Interest Expense TTM 30.5k)
EV/FCF = -42.14x (Enterprise Value 912.1m / FCF TTM -21.6m)
FCF Yield = -2.37% (FCF TTM -21.6m / Enterprise Value 912.1m)
FCF Margin = -33.0k% (FCF TTM -21.6m / Revenue TTM 65.5k)
Net Margin = -65.2k% (Net Income TTM -42.7m / Revenue TTM 65.5k)
Gross Margin = unknown ((Revenue TTM 65.5k - Cost of Revenue TTM 250k) / Revenue TTM)
Tobins Q-Ratio = 34.96 (Enterprise Value 912.1m / Total Assets 26.1m)
Interest Expense / Debt = 3.61% (Interest Expense 30.5k / Debt 845k)
Taxrate = 21.0% (US default 21%)
NOPAT = -32.9m (EBIT -41.7m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 7.06 (Total Current Assets 14.4m / Total Current Liabilities 2.04m)
Debt / Equity = 0.04 (Debt 845k / totalStockholderEquity, last quarter 23.3m)
Debt / EBITDA = 0.27 (negative EBITDA) (Net Debt -11.3m / EBITDA -41.7m)
Debt / FCF = 0.52 (negative FCF - burning cash) (Net Debt -11.3m / FCF TTM -21.6m)
Total Stockholder Equity = 24.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -246.4% (out of range, set to none)
RoE = -38.90% (Net Income TTM -42.7m / Total Stockholder Equity 109.8m)
RoCE = -173.4% (out of range, set to none) (EBIT -41.7m / Capital Employed (Total Assets 26.1m - Current Liab 2.04m))
RoIC = -276.5% (out of range, set to none) (NOPAT -32.9m / Invested Capital 11.9m)
WACC = 13.60% (E(923.4m)/V(924.2m) * Re(13.61%) + D(845k)/V(924.2m) * Rd(3.61%) * (1-Tc(0.21)))
Discount Rate = 13.61% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 98.20 | Cagr: 7.65%
[DCF] Fair Price = unknown (Cash Flow -21.6m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -3.44 | # QB: -1
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.01 | Chg30d=N/A | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=-0.02 | Chg30d=+60.00% | Revisions=N/A | GrowthEPS=+88.9% | GrowthRev=+1484.8%