| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 9.46 | 14.0% |
| Total Income | 9.46 | 14.0% |
| Expenditure | 43.04 | 182.2% |
| PBT | -30.26 | 405.2% |
| Net Profit | -30.26 | 405.2% |
| OPM | — | |
| NPM | — | |
| EPS | -0.26 | 36.6% |
Infleqtion Reports Record Q1 Revenue of $9.5 Million, Up 14% Y-o-Y
15 May 2026 · 15 May, 2:57 am
Summary
Infleqtion reported Q1 2026 revenue of $9.5 million, a 14% increase year over year. The company's performance was driven by its quantum computing, sensing, and software portfolio, with expanding customer activity in national security, space, and hybrid quantum-AI applications. The company's GAAP loss from operations was $33.6 million, while the non-GAAP loss from operations was $13.2 million. Infleqtion updated its revenue guidance for 2026 to at least $40 million, supported by expanding customer activity across its quantum portfolio.
Key Highlights
- 1
Infleqtion reported a record Q1 revenue of $9.5 million, reflecting a 14% increase year over year.
- 2
The company's Q1 performance was driven by continued execution across its quantum computing, sensing, and software portfolio.
- 3
GAAP loss from operations was $33.6 million for the first quarter.
- 4
Non-GAAP loss from operations was $13.2 million, excluding stock-based compensation, acquisition and integration costs, and go-public transaction expenses.
- 5
The company updated its revenue guidance for 2026 to at least $40 million, supported by expanding customer activity.
- 6
Infleqtion announced its role as a collaborator on NASA JPL’s Quantum Gravity Gradiometer Pathfinder mission, supported by $20 million in contracts to date.
- 7
Cash, cash equivalents and available-for-sale securities totaled $569 million as of March 31, 2026.
Management Comments
Matt Kinsella
“Q1 reinforced our confidence that quantum is gaining momentum as the market shifts toward deployable systems, real applications, and measurable customer value,” said Matt Kinsella, CEO of Infleqtion. “Across computing, sensing, and software, we are seeing expanding customer activity especially in national security, space, and hybrid quantum-AI applications. These trends support our updated full-year outlook and strengthen our confidence in the year ahead.”
Ilan Hart
“First quarter revenue of $9.5 million, up 14% year over year, is all organic and generated entirely from quantum products and software” said Ilan Hart, Chief Financial Officer of Infleqtion. “Our strong cash position gives us flexibility to invest in R&D and go-to-market capability ahead of market momentum while maintaining disciplined operating controls.”
Informational and educational content only. Not investment advice.