updated continuously
The quantum cohort
A screener for the quantum economy — every public ticker and material private actor, ranked by the Ledger Score and read against the same set of editorial questions.
The most useful screener for a pre-revenue sector is the one that lets you sort by conviction, not market cap.
— the editorial premise of this directory
The cohort below is the universe the Ledger watches every weekday. It is curated, not exhaustive: each name is here because it is either publicly listed, materially funded, or carrying a technical claim other operators take seriously. The Ledger Score is a composite — capital, technical milestones, sentiment, policy, talent, patents — and is not a recommendation. Treat the rankings as a starting point, the per-company profile as the actual argument.
Filter by ownership=listed, modality=photonic, or change the sort order=score. The directory state lives in the URL — copy the address bar and you've shared the screen.
Most active · today's session
Where the cohort is moving
Most-diversified quantum portfolio — neutral atom computer + atomic clocks + sensors; only US-listed neutral-atom pure-play.
A $1.4B cash hoard from peak-retail ATM raises looking for a thesis — photonic chip foundry + post-quantum crypto via NuCrypt.
The only public quantum pure-play crossing $100M revenue; vertically integrating via the $1.8B SkyWater acquisition.
The screener · 2 of 41 match
Ranked by Ledger conviction
- 01XanaduXNDU
Newly public photonic player (March 2026 SPAC) with Aurora networked photonic system and first on-chip GKP states.
Photonic
Toronto, Canada
$1.5Bn/a50/100 - 02Quantum Computing Inc.QUBT
A $1.4B cash hoard from peak-retail ATM raises looking for a thesis — photonic chip foundry + post-quantum crypto via NuCrypt.
Photonic
Hoboken, NJ, USA
$2.3B-10.4%29/100
A cohort is not an index. We omit names that publish only aspirational roadmaps; we include names with no revenue if a sovereign technical buyer has audited the science.
— directory methodology