Quarterly ResultMay 15, 2026, 05:17 PM
Infleqtion Q1 Net Loss $(30.26)M; Equity Surges Post-Merger to $585M
AI Summary
Infleqtion reported a total revenue of $9.46 million for the first quarter of 2026, an increase from $8.30 million in Q1 2025, but its net loss widened significantly to $(30.26) million. The company's financial position was substantially transformed by the Business Combination with Churchill Capital Corp X on February 13, 2026, leading to a surge in cash and total assets, and turning stockholders' equity positive. Despite the operational loss, the merger recapitalization provided a strong balance sheet improvement.
Key Highlights
- Total revenue for Q1 2026 increased to $9.46 million from $8.30 million in Q1 2025.
- Net loss for Q1 2026 widened to $(30.26) million from $(5.99) million in Q1 2025.
- Gross profit decreased to $1.99 million in Q1 2026 from $3.38 million in Q1 2025.
- Cash and cash equivalents surged to $84.67 million as of March 31, 2026, from $11.69 million at Dec 31, 2025.
- Total assets increased to $612.61 million as of March 31, 2026, from $115.31 million at Dec 31, 2025.
- Stockholders' equity turned positive to $585.26 million from a deficit of $(208.25) million.
- The Business Combination with Churchill Capital Corp X was completed on February 13, 2026.
- Net cash used in operating activities was $(19.16) million in Q1 2026, up from $(6.97) million in Q1 2025.
Price Impact
More from INFQ