COMP <GO>

ZEPP vs XNDU // EV/EBITDA & P/E VALUATION

Zepp Health Corporation each representing sixteen (Class A) (NYSE) VS. Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ) • 15-METRIC TALLY: ZEPP 0 — XNDU 2

■ METRIC PARITY

ZEPP — Zepp Health Corporation each representing sixteen (Class A) ROARABLE D- • RQD 35/100

LAST: $2.25 (-3.85%) • MKT CAP: $33.0M

DES <GO> FA <GO> 10-K RED <GO>

valuation

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XNDU — Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares ROARABLE D • RQD 49/100

LAST: $3.11 (-3.11%) • MKT CAP: $946.1M

DES <GO> FA <GO> 10-K RED <GO>

valuation

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ZEPP VS. XNDU) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	ZEPP	XNDU	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	38.30%	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	-14.70%	—	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	—	—	TIE	/fcf-yield <GO>
Operating Margin	-11.30%	—	—	TIE	/operating-margins <GO>
Net Profit Margin	-15.50%	—	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	41.80%	—	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	0.33	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	5/9	—	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	11.4	30.3	-18.89	XNDU	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$33.0M	$946.1M	-$913.1M	XNDU	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	ZEPP REV	XNDU REV	ZEPP GROSS %	XNDU GROSS %	ZEPP FCF	XNDU FCF
FY 2025	$258.9M	$0	38.3%	—	-$26.2M	—
FY 2024	$182.6M	—	38.5%	—	-$25.8M	—
FY 2023	$352.9M	—	—	—	$42.6M	—

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

ZEPP // BETA —

XNDU // BETA —