NYSE : INFQ
Infleqtion, Inc. — Financial statements
United States
Last price 9.43 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.13B
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Financial statements
Infleqtion, Inc. (INFQ) reported revenue of 42.44M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 42.44M | 32.46M | 28.84M | 10.95M |
| Cost of Revenue | 30.14M | 20.65M | 19.77M | 6.51M |
| Gross Profit | 12.29M | 11.81M | 9.06M | 4.44M |
| Selling, General & Admin | 48.48M | 25.34M | 27.29M | 27.75M |
| Research & Development | 36.24M | 24.09M | 22.30M | 33.82M |
| Other Operating Expenses | -2.41M | -2.33M | -1.06M | -1.34M |
| Operating Expenses | 82.30M | 47.10M | 48.53M | 60.23M |
| Operating Income | -70.01M | -35.29M | -39.47M | -55.80M |
| Interest & Investment Income | 9.65M | 2.50M | 1.15M | 3.16M |
| Other Non Operating Income (Expenses) | 125.00K | 989.00K | -2.29M | -125.00K |
| EBT Excluding Unusual Items | -60.23M | -31.80M | -40.61M | -52.77M |
| Impairment of Goodwill | -1.53M | |||
| Asset Writedown | -12.01M | |||
| Other Unusual Items | 528.00K | 380.00K | ||
| Pretax Income | -71.20M | -31.80M | -53.77M | -52.77M |
| Income Tax Expense | -2.00K | |||
| Net Income | -71.20M | -31.80M | -53.76M | -52.77M |
| Net Income to Common | -71.20M | -31.80M | -53.76M | -52.77M |
| Shares Outstanding (Basic) | 123.20M | 46.19M | 39.81M | 35.07M |
| Shares Outstanding (Diluted) | 123.20M | 46.19M | 39.81M | 35.07M |
| EPS (Basic) | -0.58 | -0.69 | -1.35 | -1.50 |
| EPS (Diluted) | -0.58 | -0.69 | -1.35 | -1.50 |
| Free Cash Flow | -23.37M | -26.52M | -35.33M | -51.01M |
| Free Cash Flow Per Share | -0.19 | -0.57 | -0.89 | -1.46 |
| Gross Margin | 28.97% | 36.39% | 31.43% | 40.51% |
| Operating Margin | -164.97% | -108.69% | -136.87% | -509.56% |
| Profit Margin | -167.79% | -97.94% | -186.45% | -481.88% |
| Free Cash Flow Margin | -55.06% | -81.68% | -122.50% | -465.83% |
| EBITDA | -65.94M | -31.59M | -36.85M | -53.66M |
| EBITDA Margin | -155.39% | -97.32% | -127.80% | |
| D&A For EBITDA | 4.07M | 3.69M | 2.62M | 2.13M |
| EBIT | -70.01M | -35.29M | -39.47M | -55.80M |
| EBIT Margin | -164.97% | -108.69% | -136.87% | |
| Revenue as Reported | 42.44M | 32.46M | 28.84M | 10.95M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 59.28M | 11.69M | 47.94M | 27.46M |
| Short-Term Investments | 417.67M | 34.32M | 12.66M | |
| Cash & Short-Term Investments | 476.96M | 46.01M | 47.94M | 40.12M |
| Accounts Receivable | 9.02M | 14.48M | 7.59M | 3.36M |
| Other Receivables | 3.88M | 562.00K | ||
| Receivables | 12.90M | 15.04M | 7.59M | 3.36M |
| Inventory | 5.83M | 4.30M | 2.22M | 1.28M |
| Prepaid Expenses | 4.58M | 2.83M | 2.76M | 1.59M |
| Other Current Assets | 70.00K | 6.44M | 436.00K | 2.17M |
| Total Current Assets | 500.35M | 74.62M | 60.95M | 48.52M |
| Property, Plant & Equipment | 21.26M | 13.17M | 14.72M | 13.44M |
| Long-Term Investments | 104.78M | 17.16M | ||
| Goodwill | 9.31M | 9.31M | 9.31M | 9.31M |
| Other Intangible Assets | 65.00K | 93.00K | 148.00K | |
| Other Long-Term Assets | 5.75M | 980.00K | 1.24M | 464.00K |
| Total Assets | 641.45M | 115.31M | 86.32M | 71.89M |
| Accounts Payable | 8.14M | 7.49M | 5.29M | 3.08M |
| Accrued Expenses | 37.75M | 4.20M | 2.70M | 2.36M |
| Current Portion of Leases | 1.00M | 1.08M | 1.32M | 1.09M |
| Current Unearned Revenue | 2.59M | 6.87M | 3.40M | 2.55M |
| Other Current Liabilities | 4.07M | 3.03M | 4.01M | 10.00K |
| Total Current Liabilities | 53.55M | 22.67M | 16.73M | 9.09M |
| Long-Term Leases | 13.53M | 4.07M | 4.77M | 2.56M |
| Other Long-Term Liabilities | 408.00K | 1.43M | ||
| Total Liabilities | 67.07M | 26.75M | 21.91M | 13.07M |
| Common Stock | 23.00K | 5.00K | 5.00K | 4.00K |
| Additional Paid-In Capital | 862.68M | 21.93M | 15.75M | 10.47M |
| Retained Earnings | -287.91M | -231.09M | -199.29M | -145.53M |
| Comprehensive Income & Other | -411.00K | 906.00K | 360.00K | -114.00K |
| Total Common Equity | 574.38M | -208.25M | -183.18M | -135.17M |
| Shareholders' Equity | 574.38M | 88.57M | 64.41M | 58.81M |
| Total Liabilities & Equity | 641.45M | 115.31M | 86.32M | 71.89M |
| Total Debt | 14.53M | 5.15M | 6.10M | 3.65M |
| Net Cash (Debt) | 462.43M | 40.86M | 41.84M | 36.47M |
| Net Cash Per Share | 3.75 | 0.88 | 1.05 | 1.04 |
| Filing Date Shares Outstanding | 225.36M | 216.47M | 45.51M | 35.07M |
| Total Common Shares Outstanding | 224.68M | 50.23M | 45.51M | 35.07M |
| Working Capital | 446.80M | 51.95M | 44.22M | 39.43M |
| Book Value Per Share | 2.56 | -4.15 | -4.02 | -3.85 |
| Tangible Book Value | 565.07M | -217.63M | -192.58M | -144.63M |
| Tangible Book Value Per Share | 2.51 | -4.33 | -4.23 | -4.12 |
| Machinery | 16.95M | 16.03M | 14.29M | 12.59M |
| Leasehold Improvements | 1.69M | 1.43M | 1.22M | 1.19M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | -71.20M | -31.80M | -53.76M | -52.77M |
| Depreciation & Amortization | 4.07M | 3.69M | 2.62M | 2.13M |
| Loss (Gain) From Sale of Assets | 807.00K | |||
| Asset Writedown & Restructuring Costs | 13.54M | |||
| Stock-Based Compensation | 21.53M | 3.06M | 3.74M | 3.54M |
| Other Operating Activities | 3.51M | 3.66M | 2.86M | 139.00K |
| Change in Accounts Receivable | -4.32M | -6.55M | -4.24M | -638.00K |
| Change in Inventory | -2.14M | -2.08M | -944.00K | -394.00K |
| Change in Accounts Payable | -2.71M | 3.79M | -987.00K | 1.55M |
| Change in Unearned Revenue | -1.81M | 3.47M | 851.00K | 1.64M |
| Change in Other Net Operating Assets | 32.68M | -1.39M | 3.86M | -3.35M |
| Operating Cash Flow | -20.39M | -24.14M | -32.47M | -47.33M |
| Capital Expenditures | -2.98M | -2.37M | -2.86M | -3.68M |
| Cash Acquisitions | -5.70M | |||
| Investment in Securities | -523.70M | -51.16M | 12.66M | -12.66M |
| Investing Cash Flow | -526.68M | -53.53M | 4.11M | -16.34M |
| Issuance of Common Stock | 4.90M | 958.00K | 23.71M | 1.64M |
| Other Financing Activities | 515.67M | -9.43M | -475.00K | -7.48M |
| Financing Cash Flow | 520.57M | 40.75M | 48.39M | -5.85M |
| Foreign Exchange Rate Adjustments | -881.00K | 676.00K | 451.00K | -342.00K |
| Net Cash Flow | -27.38M | -36.25M | 20.48M | -69.86M |
| Free Cash Flow | -23.37M | -26.52M | -35.33M | -51.01M |
| Free Cash Flow Margin | -55.06% | -81.68% | -122.50% | -465.83% |
| Free Cash Flow Per Share | -0.19 | -0.57 | -0.89 | -1.46 |
| Levered Free Cash Flow | -27.09M | -18.38M | ||
| Unlevered Free Cash Flow | -27.09M | -18.38M | ||
| Change in Working Capital | 21.70M | -2.76M | -1.46M | -1.19M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 1.97B | 811.98M | ||
| Enterprise Value | 1.51B | 1.02B | ||
| Last Close Price | 8.88 | 15.60 | ||
| PS Ratio | 47.16 | 25.01 | ||
| PB Ratio | 3.47 | 9.17 | ||
| EV/Sales Ratio | 36.26 | 31.35 | ||
| Debt / Equity Ratio | 0.03 | 0.06 | 0.10 | 0.06 |
| Net Debt / Equity Ratio | -0.81 | -0.46 | -0.65 | -0.62 |
| Net Debt / EBITDA Ratio | 7.01 | 1.29 | 1.14 | 0.68 |
| Net Debt / FCF Ratio | 19.79 | 1.54 | 1.19 | 0.71 |
| Asset Turnover | 0.32 | 0.36 | ||
| Inventory Turnover | 6.33 | 11.29 | ||
| Quick Ratio | 9.15 | 2.69 | 3.32 | 4.79 |
| Current Ratio | 9.34 | 3.29 | 3.64 | 5.34 |
| Return on Equity (ROE) | -41.57% | -87.27% | ||
| Return on Assets (ROA) | -21.88% | -31.19% | ||
| Return on Capital Employed (ROCE) | -11.90% | -38.10% | -56.70% | -88.90% |
| Earnings Yield | -6.61% | -3.92% | ||
| FCF Yield | -1.17% | -3.27% | ||
| Buyback Yield / Dilution | -209.49% | -16.02% | -13.53% |