Infleqtion Inc Financials
Infleqtion Inc (INFQ) reported $31.1M in revenue for fiscal year 2025. This page shows its 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).
Infleqtion’s reported investment-funded model produces gross profit, but operating costs and financing structure still dominate the economics.
A36.6% gross margin coexisted with a-114.8% operating margin, meaning the gross profit left after production costs was more than consumed by operating expenses. This gross-to-operating margin gap indicates that the main constraint is not production cost alone, but the much larger operating cost base required around it.
Cash conversion was less negative than earnings: operating cash flow was
Financing dependence is visible in the cash-flow mix: financing provided
Financial Health Signals
Infleqtion Inc 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.
Infleqtion Inc scores 2.77, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($3.2B) relative to total liabilities ($323.9M). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Infleqtion Inc reported a net loss of $32.2M while operations used $24.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Infleqtion Inc generated $31.1M in revenue in fiscal year 2025.
Infleqtion Inc reported -$32.2M in net income in fiscal year 2025. This represents a decrease of 61984.4% from the prior year.
Infleqtion Inc earned $0.00 per diluted share (EPS) in fiscal year 2025. This represents an increase of 100.0% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Infleqtion Inc held $11.7M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Infleqtion Inc's gross margin was 36.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
INFQ Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 |
|---|---|---|---|
| Revenue | N/A | $31.1M | N/A |
| Cost of Revenue | N/A | $19.7M | N/A |
| Gross Profit | N/A | $11.4M | N/A |
| SG&A Expenses | N/A | $2.0M+3734.0% | $52K |
| Operating Income | N/A | -$35.7M-68709.5% | -$52K |
| Income Tax | N/A | $0 | N/A |
| Net Income | N/A | -$32.2M-61984.4% | -$52K |
| EPS (Diluted) | — | $0.00+100.0% | -$1.40 |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
INFQ Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 |
|---|---|---|
| Total Assets | $113.2M+71584.3% | $158K |
| Current Assets | $72.5M | $0 |
| Cash & Equivalents | $11.7M | N/A |
| Inventory | $4.3M | N/A |
| Accounts Receivable | $9.5M | N/A |
| Goodwill | $9.3M | N/A |
| Total Liabilities | $323.9M+74.8% | $185.3M |
| Current Liabilities | $23.0M+12334.6% | $185K |
| Total Equity | -$210.7M-13.8% | -$185.2M |
| Retained Earnings | -$233.5M-449709.3% | -$52K |
Not reported in any period shown, so not listed: Long-Term Debt.
INFQ Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 |
|---|---|---|---|
| Operating Cash Flow | -$20.4M | -$24.1M-75353.1% | -$32K |
| Investing Cash Flow | -$886.1M | -$413.0M | $0 |
| Financing Cash Flow | $895.8M | $416.0M | $0 |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
INFQ Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 |
|---|---|---|
| Gross Margin | 36.6% | N/A |
| Operating Margin | -114.8% | N/A |
| Net Margin | -103.6% | N/A |
| Return on Assets | -28.5%+4.4pp | -32.9% |
| Current Ratio | 3.16+3.2x | 0.00 |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity, 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 (-$210.7M), 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.
Where Infleqtion Inc Ranks
Frequently Asked Questions
What is Infleqtion Inc's annual revenue?
Infleqtion Inc (INFQ) reported $31.1M in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Infleqtion Inc profitable?
No, Infleqtion Inc (INFQ) reported a net income of -$32.2M in fiscal year 2025.
What is Infleqtion Inc's gross margin?
Infleqtion Inc (INFQ) had a gross margin of 36.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Infleqtion Inc's operating cash flow?
Infleqtion Inc (INFQ) recorded an outflow of $24.1M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Infleqtion Inc's total assets?
Infleqtion Inc (INFQ) had $113.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Infleqtion Inc's current ratio?
Infleqtion Inc (INFQ) had a current ratio of 3.16 as of fiscal year 2025, which is generally considered healthy.
What is Infleqtion Inc's return on assets (ROA)?
Infleqtion Inc (INFQ) had a return on assets of -28.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Infleqtion Inc's cash runway?
Based on fiscal year 2025 data, Infleqtion Inc (INFQ) had $11.7M in cash against an annual operating cash burn of $24.1M. This gives an estimated cash runway of approximately 6 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Infleqtion Inc's debt-to-equity ratio negative or not reported?
Infleqtion Inc (INFQ) has negative shareholder equity of -$210.7M 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.
What is Infleqtion Inc's Altman Z-Score?
Infleqtion Inc (INFQ) has an Altman Z-Score of 2.77, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
Are Infleqtion Inc's earnings high quality?
Infleqtion Inc (INFQ) reported a net loss of $32.2M while operations used $24.1M 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.