OakChart

Xanadu Quantum Technologies Ltd

XNDUTechnology·Software - Infrastructure·Canada·Small·NASD·Nov 11 • 9:34 AM ET

2.85+0.07 (2.40%)
2026-11-11 15:35 CET
Market cap
846.21 USD m
Revenue, TTM
4.34 USD m
Net income, TTM
-60.23 USD m
Free cash flow, TTM
-38.08 USD m
EPS diluted, TTM
-0.34
P/E
-
Compare

Price

XNDU against its 20, 50 and 200-day averages
2050200beatearnings
5.0010.0015.0020.0025.0017.7M35.3MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26XNDUclose 2.8520-day 2.8250-day 4.89200-day 10.892.85

93.3% under 42.44 on 16 Apr 2026. Last 15 sessions, 38.9% high to low

Profile

XNDU
52-week range, 1% of the way up
2.3442.44

Xanadu Quantum Technologies Ltd. engages in the provision of quantum computing solutions for enterprise and government customers. The company was founded by Christian Weedbrook on October 2, 2025 and is headquartered in Toronto, Canada.

Employees3
IPOMay 19, 2025
Beta15.02
ATR, 14d0.31
Rel volume0.81
Short float194.24%
Insider own98.31%
Inst own8.43%

Snapshot

6 groups

Valuation

Index-
Market Cap866.51M
Enterprise Value612.88M
Income-60.23M
Sales4.34M
Book/sh1.03
Cash/sh1.03
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout0.00%
Employees3
IPOMay 19, 2025

Ratios

P/E-
Forward P/E-
PEG-
P/S199.66
P/B2.77
P/C2.77
P/FCF-
EV/EBITDA-
EV/Sales141.22
Quick Ratio25.09
Current Ratio25.54
Debt/Eq0.19
LT Debt/Eq0.19
Option/ShortYes / Yes

Earnings

EPS (ttm)-0.34
EPS next Y-0.38
EPS next Q-0.08
EPS this Y59.25%
EPS next Y11.93%
EPS next 5Y25.27%
EPS past 3/5Y- -
Sales past 3/5Y- -
EPS Y/Y TTM-
Sales Y/Y TTM-
EPS Q/Q-444.47%
Sales Q/Q-
EarningsNov 11 AMC
EPS/Sales Surpr.77.59% -24.61%

Ownership

Insider Own98.31%
Insider Trans0.00%
Inst Own8.43%
Inst Trans-1.09%
ROA-19.85%
ROE-22.86%
ROIC-16.23%
Gross Margin9.66%
Oper. Margin-1410.00%
Profit Margin-1386.81%
SMA200.95%
SMA50-41.74%
SMA200-73.87%
Trades-

Technical

Shs Outstand52.67M
Shs Float5.15M
Short Float194.24%
Short Ratio2.03
Short Interest10.00M
52W High42.44 -93.29%
52W Low2.34 21.65%
Volatility10.58% 9.24%
ATR (14)0.31
RSI (14)38.43
Beta15.02
Rel Volume0.81
Avg Volume4.92M
Volume238,304

Performance

Perf Week8.65%
Perf Month-15.65%
Perf Quarter-73.59%
Perf Half Y-80.88%
Perf YTD-73.57%
Perf Year-77.35%
Perf 3Y-
Perf 5Y-
Perf 10Y-
Recom1.40
Target Price23.75
Prev Close2.78
Price2.85
Change %2.40%

Analyst ratings

latest 5 of 5
DateActionAnalystRating changeTargetImplied
Oct 15, 2026InitiatedMMorgan StanleyEqual-Weight$3.75+31.7%
Sep 29, 2026InitiatedRRBC Capital MktsOutperform$16+462.1%
Jul 29, 2026InitiatedCCIBCSector Outperform$22+672.8%
Apr 23, 2026InitiatedCCanaccord GenuityBuy$45+1,480.8%
Apr 20, 2026InitiatedNNorthland CapitalOutperform$43+1,410.5%

Peers

Mkt cap
TickerCompanyMkt cap
INFQInfleqtion Inc2.18B
QUBTQuantum Computing Inc1.45B
IQMXIQM Quantum Computers Oyj ADR1.45B
RGTIRigetti Computing Inc4.02B
HQHorizon Quantum Holdings Ltd716.48M
IONQIonQ Inc15.13B
QBTSD-Wave Quantum Inc4.13B
ARQQArqit Quantum Inc282.44M
QNCQuantum eMotion Corp218.76M
AIC3.ai Inc1.94B

Held by

AUM
TickerCompanyAUM
PBWInvesco WilderHill Clean Energy ETFAUM: 303.43M
QTUPDefiance Pure Quantum ETFAUM: 18.01M
CQTMCorgi Quantum Computing ETFAUM: 15.24M

News

latest 14 of 130
  • Xanadu and HyperLight Achieve Breakthrough of Nearly 3x Reduction in Optical Switch Loss, Accelerating Path to Commercial Photonic Quantum Systems (GlobeNewswire)
  • Xanadu Must Prove Revenue Can Nearly Double After A 75% Collapse In Its Shares (Earnings Whispers)
  • Xanadu to Report Third Quarter 2026 Financial Results on November 11th, 2026 (GlobeNewswire) +14.84%
  • Xanadu Quantum stock rises on DARPA contract approval (Investing.com) -7.89%
  • Xanadu Secures Up to USD $10 Million in Additional DARPA Support to Accelerate Quantum R&D Roadmap (GlobeNewswire)
  • Loading…
  • Xanadu Soars 16% on Multi-Year GlobalFoundries Deal to Deliver Quantum Computing at Scale (TIKR) +11.95%
  • Xanadu stock surges on GlobalFoundries quantum manufacturing deal (Investing.com)
  • Xanadu Quantum Taps GlobalFoundries to Mass Produce Its Computers (Barrons.com)
  • Xanadu and GlobalFoundries Announce Strategic Partnership to Accelerate Utility-Scale Quantum Manufacturing (GlobeNewswire)
  • Automatic Securities Disposition Plan Adopted by Xanadu Chief Operating Officer (GlobeNewswire)
  • Xanadu and Bluefors Partner to Redefine Cryogenic Infrastructure for Utility-Scale Quantum Computing (GlobeNewswire)
  • Xanadu Appoints Tara Deakin as Chief People Officer to Lead Next Phase of Global Growth (GlobeNewswire) -21.57% -7.79%
  • Xanadu and AMD launch Backline to streamline CPU, GPU, FPGA integration for quantum technology (GlobeNewswire)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-11--0.084--2.793
2026Q22026-08-05-0.083-0.370-0.1401.512.001
2026Q12026-05-14-0.280-0.084-0.2842.831.071
2025Q42026-02-25-4.925-0.0171.89--
2026Q4---0.090--3.273
2027Q1---0.103--3.513
2027Q2---0.104--2.673
2027Q3---0.107--3.623
2027Q4---0.112--3.973
2028Q1---0.128--5.052
2028Q2---0.134--4.272
2028Q3---0.129--5.452
2028Q4---0.137--5.822

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2025FY-1.070--6.5154.61-
2026FY--0.436--9.24
2027FY--0.384--11.35
2028FY--0.447--16.55
2029FY--0.660--51.40
2030FY--0.490--148.86

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q3S2026-10-013002.792.473.00
2026Q3S2026-09-254002.220.503.00
2026Q3S2026-08-313001.960.502.90
2026Q3S2026-08-253001.950.502.88
2026Q3S2026-08-123001.960.502.90
2026Q3S2026-08-113001.950.502.88
2026Q3S2026-08-063001.950.502.88
2026Q3S2026-08-053001.950.502.88
2026Q3S2026-07-293001.950.502.88
2026Q3S2026-07-283111.950.502.88
2026Q3S2026-07-273111.950.502.88
2026Q3S2026-05-152111.690.502.88
2026Q3S2026-04-222001.341.001.69
2026Q3S2026-04-171001.001.001.00

Estimate history

EPS, annual0.12-0.3436
Period2025TTM
EPS, quarterly-0.001-0.0020.0410.0640.017-0.284-0.14
PeriodQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sales, annual04.34
Period2025TTM
Sales, quarterly000002.8321.511
PeriodQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Shares, annual29.973304.224
Period2025MRQ
Shares, quarterly27.26729.97329.97329.97329.973298.511304.224
PeriodQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY
Total Revenue4.340.00
Cost of Goods Sold Incl. D&A3.920.00
Gross Profit0.420.00
Selling, General and Administrative Excl. Other61.662.51
Other Operating Expense0.000.00
Operating Income-61.24-2.51
Unusual Expense9.670.00
Net Income Before Taxes-60.233.58
Income Taxes0.000.00
Consolidated Net Income-60.233.58
Net Income From Continuing Operations-60.233.58
Net Income-60.233.58
EPS (Recurring)-0.180.12
EPS (Basic, Before Extraordinaries)-0.340.12
EPS (Diluted)-0.340.12
EBITDA-57.47-2.51
Non-Operating Income (Expense)10.876.10
Other After Tax Adjustments0.000.00
Price To Sales Ratio836.42-
Gross Margin9.66-
Operating Margin-1,410.00-
Net Margin-1,386.81-
Shares Outstanding304.2229.97
Market Capitalization846.21846.21

Income statement, quarterly

Currency USD, millions
Metric2026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue1.512.830.000.000.000.000.00
Cost of Goods Sold Incl. D&A2.111.810.000.000.000.000.00
Gross Profit-0.601.020.000.000.000.000.00
Selling, General and Administrative Excl. Other30.9828.431.750.510.200.060.02
Research and Development19.7217.35-----
Other Operating Expense0.000.000.000.000.000.000.00
Operating Income-31.58-27.41-1.75-0.51-0.20-0.06-0.02
Interest Expense-0.19-----
Unusual Expense12.50-2.830.000.000.000.000.00
Net Income Before Taxes-42.05-20.600.511.921.22-0.06-0.02
Income Taxes0.000.000.000.000.000.000.00
Consolidated Net Income-42.05-20.600.511.921.22-0.06-0.02
Net Income From Continuing Operations-42.05-20.600.511.921.22-0.06-0.02
Net Income-42.05-20.600.511.921.22-0.06-0.02
EPS (Recurring)-0.11-0.310.020.060.04-0.00-0.00
EPS (Basic, Before Extraordinaries)-0.14-0.280.020.060.04-0.00-0.00
EPS (Diluted)-0.14-0.280.020.060.04-0.00-0.00
EBITDA-29.59-25.63-1.75-0.51-0.20-0.06-0.02
Non-Operating Income (Expense)2.034.162.252.431.420.000.00
Other After Tax Adjustments0.000.000.000.000.000.000.00
Stock Option Compensation Expense4.681.41-----
Price To Earnings Ratio-64.0565.47----
Price To Sales Ratio836.42195.99-----
Gross Margin-39.7736.03-----
Operating Margin-2,089.81-967.73-----
Net Margin-2,782.99-727.54-----
Shares Outstanding304.22298.5129.9729.9729.9729.9727.27
Market Capitalization846.21229.60234.69----

Balance sheet, annual

Currency USD, millions
Metric2025FY
Cash & Short Term Investments0.27
Short Term Receivables0.00
Inventories0.00
Other Current Assets0.14
Total Current Assets0.40
Net Property, Plant & Equipment0.00
Total Investments and Advances226.10
Intangible Assets0.00
Other Assets0.04
Total Assets226.54
Short Term Debt Incl. Current Port. of LT Debt0.00
Accounts Payable0.00
Other Current Liabilities1.51
Total Current Liabilities1.51
Long Term Debt0.00
Provision for Risks Charges0.00
Other Liabilities8.80
Total Liabilities10.31
Non-Equity Reserves0.00
Preferred Stock - Carrying Value0.00
Common Equity216.22
Total Shareholders Equity216.22
Accumulated Minority Interest0.00
Total Equity216.22
Total Liabilities & Stockholders Equity226.54
Book Value Per Share7.21
Tangible Book Value Per Share7.21
Full-Time Employees3
Price to Book Ratio2.70
Return on Invested Capital1.66
Quick Ratio0.27
Current Ratio0.27

Cash flow, annual

Currency USD, millions
MetricTTM2025FY
Net Income-60.233.58
Other Funds (Non Cash)14.13-6.14
Funds from Operations-42.33-2.55
Extraordinary Item0.000.00
Changes in Working Capital10.650.57
Cash from Operating Activities-31.69-1.99
Capital Expenditures-7.160.00
Net Assets From Acquisitions0.000.00
Sale of Fixed Assets and Businesses0.000.00
Purchase or Sale of Investments0.00-220.00
Purchase of Investments0.00-220.00
Sale Or Maturity of Investments0.000.00
Other Uses0.000.00
Other Sources0.000.00
Cash from Investing Activities-7.16-220.00
Cash Dividends Paid0.000.00
Change in Capital Stock330.81221.60
Repurchase of Common Pref Stock0.000.00
Sale of Common Pref Stock330.81221.60
Proceedsfrom Stock Options330.36221.60
Issuance or Reduction of Debt, Net2.57-0.05
Change in Long Term Debt3.03-0.05
Issuance of Long Term Debt3.030.10
Reduction of Long Term Debt0.00-0.15
Net Financing Active Other Cash Flow1.100.70
Other Financing Activities Uses0.400.00
Cash from Financing Activities334.47222.26
Net Change in Cash295.800.27
Free Cash Flow-38.08-1.99
Preferred Dividends (Cash Flow)-0.00
Deferred Taxes & Investment Tax Credit-0.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q22026Q12025Q42025Q32025Q22025Q1
Cash & Short Term Investments312.78272.460.270.571.090.01
Short Term Receivables3.433.670.000.000.000.00
Inventories5.726.110.000.000.000.00
Other Current Assets9.298.170.140.370.170.00
Total Current Assets331.22290.420.400.951.260.02
Net Property, Plant & Equipment42.6123.790.000.000.000.00
Total Investments and Advances0.000.00226.10223.84221.420.00
Intangible Assets4.954.830.000.000.000.00
Other Assets5.230.000.040.070.100.27
Total Assets384.01319.04226.54224.85222.780.29
Short Term Debt Incl. Current Port. of LT Debt1.181.060.000.000.000.15
Accounts Payable1.542.900.000.000.000.00
Other Current Liabilities10.2516.271.510.340.180.18
Total Current Liabilities12.9720.231.510.340.180.33
Long Term Debt57.9636.830.000.000.000.00
Provision for Risks Charges0.000.000.000.000.000.00
Other Liabilities0.000.008.808.808.800.00
Total Liabilities70.9357.0610.319.148.980.33
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity313.07261.98216.22215.72213.80-0.04
Total Shareholders Equity313.07261.98216.22215.72213.80-0.04
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity313.07261.98216.22215.72213.80-0.04
Total Liabilities & Stockholders Equity384.01319.04226.54224.85222.780.29
Book Value Per Share1.030.887.217.207.13-0.00
Tangible Book Value Per Share1.010.867.217.207.13-0.00
Full-Time Employees--3---
Price to Book Ratio2.701.061.09---
Return on Assets-19.85-10.62----
Return on Equity-22.86-12.95----
Return on Invested Capital-11.33-6.900.230.890.57-
Quick Ratio25.0914.050.272.797.100.06
Current Ratio25.5414.350.272.797.100.06

Cash flow, quarterly

Currency USD, millions
Metric2026Q22026Q12025Q42025Q32025Q22025Q1
Net Income-42.05-20.600.511.921.22-0.06
Depreciation1.981.78----
Other Funds (Non Cash)19.06-0.25-2.25-2.43-1.480.02
Funds from Operations-21.01-19.07-1.75-0.51-0.27-0.04
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-2.1212.040.74-0.01-0.180.01
Cash from Operating Activities-23.13-7.04-1.00-0.51-0.44-0.03
Capital Expenditures-6.63-0.530.000.000.000.00
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments0.000.000.000.00-220.000.00
Purchase of Investments0.000.000.000.00-220.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses0.000.000.000.000.000.00
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-6.63-0.530.000.00-220.000.00
Cash Dividends Paid0.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock67.07264.13-0.400.00222.000.00
Repurchase of Common Pref Stock0.000.000.000.000.000.00
Sale of Common Pref Stock67.07264.13-0.400.00222.000.00
Proceedsfrom Stock Options67.15263.60-0.400.00222.000.00
Issuance or Reduction of Debt, Net2.340.230.000.00-0.150.10
Change in Long Term Debt2.810.230.000.00-0.150.10
Issuance of Long Term Debt2.810.230.000.000.000.10
Reduction of Long Term Debt0.000.000.000.00-0.150.00
Net Financing Active Other Cash Flow0.000.001.100.00-0.34-0.06
Other Financing Activities Uses0.000.000.400.00-0.34-0.06
Cash from Financing Activities69.41264.360.700.00221.510.04
Exchange Rate Effect0.67-0.50----
Net Change in Cash40.31256.30-0.30-0.511.070.01
Free Cash Flow-29.22-7.35-1.00-0.51-0.44-0.03

Revenue breakdown

Revenue split-

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-30194.24%10.0M5.2M4.61M
2026-10-15155.13%8.0M5.2M3.86M
2026-09-30281.89%5.9M2.1M2.75M
2026-09-1548.11%7.2M15.0M1.69M
2026-08-3130.79%4.9M16.0M1.99M
2026-08-1492.06%4.3M4.7M2.79M
2026-07-319.14%4.7M51.3M4.63M
2026-07-1512.78%5.1M39.9M5.37M
2026-06-3013.64%5.4M39.9M5.38M
2026-06-1510.95%4.3M39.7M4.81M
2026-05-297.97%3.2M39.9M4.42M
2026-05-156.52%2.6M39.9M3.51M
2026-04-307.92%1.6M20.7M1.52M
2026-04-155.04%1.0M20.7M704.28K
2026-03-311.67%0.3M20.7M461.67K

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call0.500.000.001.67-7.000.00---
call1.000.000.001.24-6.000.00---
call1.500.000.001.37-3.000.00---
call2.000.000.000.72-5.000.00---
call2.500.000.000.32-34.000.00---
call3.000.000.000.07-9190.00---
call3.500.000.000.03-7250.00---
call4.000.000.000.04-4340.00---
call4.500.000.001.05-52.000.00---
call5.000.000.000.50-4.000.00---
call5.500.000.000.02-15.000.00---
call6.000.000.000.05-41.000.00---
call6.500.000.000.00-0.000.00---
call7.000.000.000.05-20.000.00---
call7.500.000.000.00-0.000.00---
call8.000.000.000.20-2.000.00---
call8.500.000.000.00-0.000.00---
call9.000.000.000.10-3.000.00---
call10.000.000.000.00-0.000.00---
call11.000.000.000.00-0.000.00---
call12.000.000.000.00-0.000.00---
call13.000.000.000.00-0.000.00---
put0.500.000.000.05-60.000.00---
put1.000.000.000.00-0.000.00---
put1.500.000.000.00-0.000.00---
put2.000.000.000.01-31.000.00---
put2.500.000.000.07-3690.00---
put3.000.000.000.50-64.000.00---
put3.500.000.000.68-1.000.00---
put4.000.000.001.61-8.000.00---
put4.500.000.000.62-8.000.00---
put5.000.000.002.25-1.000.00---
put5.500.000.000.00-0.000.00---
put6.000.000.003.15-0.000.00---
put6.500.000.003.93-2.000.00---
put7.000.000.004.38-2.000.00---
put7.500.000.000.00-0.000.00---
put8.000.000.000.00-0.000.00---
put8.500.000.000.00-0.000.00---
put9.000.000.000.00-0.000.00---
put10.000.000.007.05-1.000.00---
put11.000.000.000.00-0.000.00---
put12.000.000.000.00-0.000.00---
put13.000.000.000.00-0.000.00---

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-10-19424B3SEC
2026-10-19424B3SEC
2026-10-196-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-19SEC
2026-09-25SCHEDULE 13GSEC
2026-09-24SCHEDULE 13D/ASEC
2026-09-24SCHEDULE 13G/ASEC
2026-08-28424B3SEC
2026-08-28424B3SEC
2026-08-286-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-28SEC
2026-08-21424B3SEC
2026-08-21424B3SEC
2026-08-056-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-06-25SCHEDULE 13GSEC
2026-06-01EFFECTEffectiveness filing by commission orderSEC
2026-06-01424B3SEC
2026-05-29CORRESPSEC
2026-05-28UPLOADUpload SubmissionSEC
2026-05-26S-8Initial registration statement for securities to be offered to employees pursuant to employee benefit plansSEC
2026-05-22F-1Registration statement for certain foreign private issuersSEC
2026-05-21424B3SEC
2026-05-216-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-21SEC
2026-05-15SCHEDULE 13G/ASEC
2026-05-15424B3SEC
2026-05-146-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-31SEC
2026-05-146-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-14SEC
2026-05-06SCHEDULE 13GSEC
2026-05-05SCHEDULE 13G/ASEC
2026-05-04424B3SEC
2026-05-04SCHEDULE 13GSEC
2026-05-01EFFECTEffectiveness filing by commission orderSEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
Deer Management Co. LLC7.63%
Capricorn Investment Group LLC3.71%
Defiance ETFs, LLC1.91%
Penserra Capital Management LLC1.89%
StepStone Group LP1.14%
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO0.76%
HARBOURVEST PARTNERS LLC0.72%
Bank of New York Mellon Corp0.54%
Marex Group Ltd0.40%
OMERS ADMINISTRATION Corp0.17%

Funds

Fund% owned
Defiance Quantum ETF1.89%
Tradr 2X Long XNDU Daily ETF0.43%
WisdomTree Quantum Computing Fund0.20%
T. Rowe Price Small-Cap Stock Fund, Inc.0.04%
T. Rowe Price Institutional Small-Cap Stock Fund0.02%
AQR Diversified Arbitrage Fund0.02%
Fidelity Nasdaq Composite Index Fund0.02%
Defiance Pure Quantum ETF0.01%
Lazard US Systematic Small Cap Equity ETF0.00%
T. Rowe Price Spectrum Moderate Growth Allocation Fund0.00%

OakChart. XNDU. Cached 15 minutes.

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