Infleqtion Inc · Q1 2026 earnings

Briefing

Infleqtion Inc reported its financial results for the first quarter ended March 31, 2026 after completing its business combination.

Infleqtion Inc reported total revenue of $9.5 million for Q1 2026, a 14% increase year-over-year driven by growth in service revenue from major government contracts. The company recorded a net loss of $30.3 million, impacted by $11.5 million in one-time business combination expenses and higher stock-based compensation following the merger with Churchill Capital Corp X. The company ended the quarter with strong liquidity, including $84.7 million in cash and cash equivalents and $484.0 million in available-for-sale securities.

• Total revenue grew 14% to $9.5 million, with service revenue more than tripling to $6.3 million due to increased activity on the NASA QGG contract.
• Net loss widened to $30.3 million primarily due to $11.5 million in non-recurring merger-related expenses and a $7.2 million increase in stock-based compensation.
• Completed reverse recapitalization business combination on February 13, 2026, raising over $525 million in net proceeds and listing common stock and warrants on the NYSE under symbols INFQ and INFQ WS.
• Maintained robust liquidity position with $84.7 million cash and $484.0 million available-for-sale securities to fund ongoing quantum technology development and commercialization.

Headline financials

Revenue & EPS history

The company continues to advance its quantum computing and sensing platforms while securing additional government contracts and strategic partnerships to drive future growth.