Horizon Quantum Holdings Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cash & Equivalents	0.72	4.85	12.51
Cash & Short-Term Investments	0.72	4.85	12.51
Cash Growth	-	-61.20%	-
Receivables	-	0.11	-
Prepaid Expenses	0.88	0.91	0.4
Total Current Assets	1.6	5.87	12.9
Property, Plant & Equipment	2.78	2.75	0.64
Other Intangible Assets	0.02	0.03	0.03
Other Long-Term Assets	0.15	0.07	0.03
Total Assets	4.56	8.72	13.6
Accrued Expenses	0.25	0.15	0.13
Current Portion of Leases	0.29	0.26	0.02
Other Current Liabilities	0.03	0.36	0.02
Total Current Liabilities	0.57	0.78	0.17
Long-Term Leases	0.21	0.33	-
Total Liabilities	0.78	1.11	0.17
Common Stock	0	0	0
Additional Paid-In Capital	5.93	2.21	2.16
Retained Earnings	-24.93	-15.74	-10.6
Comprehensive Income & Other	0.11	-0.01	0.01
Total Common Equity	-18.88	-13.54	-8.43
Shareholders' Equity	3.79	7.61	13.43
Total Liabilities & Equity	4.56	8.72	13.6
Total Debt	0.5	0.59	0.02
Net Cash (Debt)	0.22	4.26	12.49
Net Cash Growth	-	-65.88%	-
Net Cash Per Share	0.03	0.27	0.78
Filing Date Shares Outstanding	8	8	16.02
Total Common Shares Outstanding	8	8	16.02
Working Capital	1.04	5.1	12.73
Book Value Per Share	-2.36	-1.69	-0.53
Tangible Book Value	-18.91	-13.56	-8.46
Tangible Book Value Per Share	-2.36	-1.70	-0.53
Machinery	2.27	1.93	0.59
Construction In Progress	-	-	0.19
Leasehold Improvements	0.89	0.83	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.