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Churchill Capital Corp X Warrants (CCCXW) Financials

CCCXW
FY2025 annual
Revenue Not reported for FY2025
Net Income -$66.9M -128836.8% YoY
EPS (Diluted) Not reported for FY2025
Operating Cash Flow -$2.3M YoY not available
Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed May 15, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CCCXW SEC filings page.

This page shows Churchill Capital Corp X Warrants (CCCXW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial health score not available

Churchill Capital Corp X Warrants does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Earnings Quality No Cash Backing
N/A

Churchill Capital Corp X Warrants reported a net loss of $66.9M while operations used $2.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue
$9.5M

Churchill Capital Corp X Warrants generated $9.5M in revenue in Q1 2026.

EBITDA
-$32.6M

Churchill Capital Corp X Warrants's EBITDA was -$32.6M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization.

Net Income
-$30.3M
YoY-166180.2%

Churchill Capital Corp X Warrants reported -$30.3M in net income in Q1 2026. This represents a decrease of 166180.2% from the same quarter a year earlier.

EPS (Diluted)
-$0.26

Churchill Capital Corp X Warrants earned -$0.26 per diluted share (EPS) in Q1 2026.

Cash & Balance Sheet

Cash & Debt
$84.7M
QoQ+624.1%

Churchill Capital Corp X Warrants held $84.7M in cash as of Q1 2026; long-term debt is not reported for that period.

Shares Outstanding
216M

Churchill Capital Corp X Warrants had 216M shares outstanding in Q1 2026.

Free Cash Flow

Not reported for Q1 2026.

Dividends Per Share

Not reported for Q1 2026.

Margins & Returns

Gross Margin
21.0%

Churchill Capital Corp X Warrants's gross margin was 21.0% in Q1 2026, indicating the percentage of revenue retained after direct costs.

Return on Equity
-5.2%

Churchill Capital Corp X Warrants's ROE was -5.2% in Q1 2026, measuring profit generated per dollar of shareholder equity.

Operating Margin

Not shown for Q1 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q1 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

R&D Spending
$10.0M

Churchill Capital Corp X Warrants invested $10.0M in research and development in Q1 2026.

Share Buybacks

Not reported for Q1 2026.

Capital Expenditures

Not reported for Q1 2026.

CCCXW Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CCCXW quarterly income statement
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Revenue$9.5MN/AN/AN/AN/AN/AN/AN/A
Cost of Revenue$7.5MN/AN/AN/AN/AN/AN/AN/A
Gross Profit$2.0MN/AN/AN/AN/AN/AN/AN/A
R&D Expenses$10.0MN/AN/AN/AN/AN/AN/AN/A
SG&A Expenses$26.3M+144515.4%N/A$1.2M+1789094.2%$185K+2462.0%$18K-59.2%N/A$69$7K
Operating Income-$33.6M-184378.0%N/A-$7.3M-10549943.5%-$185K-2462.0%-$18K+59.2%N/A-$69-$7K
EBITDA-$32.6MN/AN/AN/AN/AN/AN/AN/A
Income Tax$0N/AN/AN/A$0N/AN/AN/A
Net Income-$30.3M-166180.2%N/A-$33.4M-48383684.1%$2.0M+27393.0%-$18K+59.2%N/A-$69-$7K
EPS (Basic)-$0.26+36.6%N/AN/AN/A-$0.41N/AN/AN/A
EPS (Diluted)-$0.26N/AN/AN/A-$0.41N/AN/AN/A
Diluted Shares (Avg)118MN/AN/AN/A15M+63.8%N/AN/AN/A

Not reported in any period shown, so not listed: Interest Expense.

CCCXW Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CCCXW quarterly balance sheet
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Total Assets$612.6M+358399.4%$115.3M+72912.0%$421.3M$418.1M$171K$158KN/AN/A
Current Assets$464.9M$74.6M$1.5M$1.6MN/A$0N/AN/A
Cash & Equivalents$84.7M$11.7M$1.1M$1.2M$0$0$0$0
Inventory$4.9M$4.3MN/AN/AN/AN/AN/AN/A
Accounts Receivable$6.9M$9.5MN/AN/AN/AN/AN/AN/A
Goodwill$9.3M$9.3MN/AN/AN/AN/AN/AN/A
Total Liabilities$27.4M-85.4%$323.6M+76.5%$459.2M$418.3M$187.4M$183.3MN/AN/A
Current Liabilities$23.6M+10803.6%$22.7M+12165.3%$36.7M$103K$216K$185KN/AN/A
Non-Current Liabilities$3.8M-98.0%$300.9M+64.3%$422.6M$418.2M$187.2M$183.1MN/AN/A
Total Equity$585.3M+412.5%-$208.2M-13.7%-$38.0M-141038.9%-$202K-651.5%-$187.3M-954746.8%-$183.2M-$27K-$27K
Retained Earnings-$261.3M-372669.9%-$231.1M-445066.6%-$38.0M-$203K-$70K-$52KN/AN/A

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Long-Term Debt.

CCCXW Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CCCXW quarterly cash flow statement
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Operating Cash Flow-$19.2M-$433K-$1.1M$6.2M$0$0$0$0
Depreciation & Amortization$948K+35.2%N/AN/AN/A$701KN/AN/AN/A
Stock-Based Compensation$8.3M+641.8%N/AN/AN/A$1.1MN/AN/AN/A
Investing Cash Flow-$433.1M-106043.4%$0$1.0M-$413.6M-$408K$0$0N/A
Financing Cash Flow$525.2M+153654.4%$0-$15K$416.3M-$342K$0$0N/A

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.

CCCXW Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CCCXW quarterly financial ratios
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Gross Margin21.0%N/AN/AN/AN/AN/AN/AN/A
Operating Margin-354.9%N/AN/AN/AN/AN/AN/AN/A
Net Margin-319.9%N/AN/AN/AN/AN/AN/AN/A
Return on Equity-5.2%N/AN/AN/AN/AN/AN/AN/A
Return on Assets-4.9%+5.7ppN/A-7.9%0.5%-10.7%N/AN/AN/A
Current Ratio19.743.29+3.3x0.0415.89N/A0.00N/AN/A
Debt-to-Equity0.05N/AN/AN/AN/AN/AN/AN/A
Asset Turnover0.02N/AN/AN/AN/AN/AN/AN/A

Not reported in any period shown, so not listed: FCF Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.

Note: Shareholder equity is negative (-$208.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Frequently Asked Questions

Is Churchill Capital Corp X Warrants profitable?

No, Churchill Capital Corp X Warrants (CCCXW) reported a net income of -$66.9M in fiscal year 2025.

What is Churchill Capital Corp X Warrants's operating cash flow?

Churchill Capital Corp X Warrants (CCCXW) recorded an outflow of $2.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Churchill Capital Corp X Warrants's total assets?

Churchill Capital Corp X Warrants (CCCXW) had $115.3M in total assets as of fiscal year 2025, including both current and long-term assets.

Churchill Capital Corp X Warrants (CCCXW) had 17M shares outstanding as of fiscal year 2025.

Churchill Capital Corp X Warrants (CCCXW) had a current ratio of 3.29 as of fiscal year 2025, which is generally considered healthy.

Churchill Capital Corp X Warrants (CCCXW) had a return on assets of -58.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Churchill Capital Corp X Warrants (CCCXW) has negative shareholder equity of -$208.2M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

Churchill Capital Corp X Warrants (CCCXW) reported a net loss of $66.9M while operations used $2.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

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