BTQ posts Q2 loss as share-based compensation and professional fees rise sharply, company says
BTQ•Investment gain and cash position
An unrealized gain on the ICTK equity investment totaled CAD 1.78 million as fair value rose to CAD 7.51 million at June 30.
Cash fell to CAD 9.73 million from CAD 20.94 million at Dec. 31, 2025; operating cash outflow was CAD 13.91 million for the first half.
Quarterly loss widened on higher costs
BTQ posted a net loss of CAD 16.75 million for the quarter ended June 30, 2026, widened by higher operating costs.
Expenses rose across compensation, fees and operating lines
Share-based compensation rose to CAD 7.76 million, reflecting expanded headcount, new equity awards, contract amendments, and continued recognition of 2025 grants.
Spending increased across professional fees at CAD 4.41 million, R&D at CAD 2.94 million, marketing at CAD 2.11 million, and G&A at CAD 683,528.
