Horizon Quantum Holdings Ltd. (NASDAQ: HQ) has reported its financial results for the second quarter ended June 30, 2026. Highlights of the quarter include a major capital injection from public warrant exercises, early access availability for its flagship programming language Beryllium, and the strategic expansion of its quantum hardware testbed into Europe. Because the company completed its SPAC merger with dMY Squared Technology Group on March 19, 2026, financial metrics prior to that date reflect Horizon Quantum Computing Pte. Ltd., while subsequent periods reflect Horizon Quantum Holdings Ltd. The table below summarizes key GAAP financial metrics for Q2 2026 compared with the prior quarter (Q1 2026) and the year-ago quarter (Q2 2025). | Amounts in $M | Q2’2026 | Q1’2026 | Q2’2025 | % vs Q1’2026 | % vs Q2’2025 | | Revenue | $0.00 | $0.00 | $0.04 | — | -100.0% | | Operating Expenses | $7.18 | $6.50 | $2.78 | +10.5% | +158.3% | | Operating Loss | ($7.18) | ($6.50) | ($2.74) | +10.5% | +162.0% | | Net Loss | ($115.23) | ($3.56) | ($2.90) | +3,136.8% | +3,873.4% | | Cash and Cash Equivalents | $113.25 | $96.60 | $0.71 | +17.2% | +15,932.4% | Financial Results and Warrant Cash Infusion Horizon Quantum’s cash position was significantly fortified during the second quarter. The company received $27.5 million in gross proceeds from the exercise of 2.4 million publicly traded warrants (HQWWW) during Q2. Subsequent to quarter-end, as of August 3, 2026, total warrant exercises reached approximately 2.5 million (79% of total outstanding public warrants), bringing cumulative gross proceeds to $28.7 million. This cash inflow elevated total cash and cash equivalents to $113.25 million as of June 30, 2026, up $16.65 million from $96.60 million at the end of Q1 2026. Reported GAAP Net Loss