Infleqtion (NYSE: INFQ) guides 2026 revenue to $40M as losses narrow

Q: What 2026 revenue guidance did Infleqtion (INFQ) provide?

Infleqtion issued 2026 revenue guidance of $40 million . The company said this outlook reflects growing customer demand for its quantum sensing and quantum computing solutions, including applications like precision timing, resilient navigation, and large-scale quantum computing systems across government and commercial sectors.

Q: How did Infleqtion’s 2025 loss from operations change versus 2024?

Infleqtion’s 2025 loss from operations was $35.3 million , improving from $53.0 million in 2024. This narrowing loss suggests better cost control or higher gross profit, and it underpins management’s confidence in issuing 2026 revenue guidance alongside its full-year 2025 financial update.

Q: What were Infleqtion’s 2025 non-GAAP operating and net losses?

For 2025, Infleqtion reported a non-GAAP operating loss of $28.1 million and a non-GAAP net loss of $24.6 million . These figures exclude items like stock-based compensation and acquisition and integration costs, providing an adjusted view of underlying operating performance compared with reported GAAP results.

Q: How much stock-based compensation did Infleqtion record in 2025?

Infleqtion recorded $3.1 million of stock-based compensation expense in 2025, down from $3.7 million in 2024. These costs were spread across cost of revenue, research and development, and SG&A, and are added back in the company’s non-GAAP operating and net loss metrics.

Q: When is Infleqtion’s conference call to discuss 2025 results and 2026 guidance?

Infleqtion scheduled its conference call for 4:30 p.m. Eastern Time on April 8, 2026 . The call will be webcast live via the company’s Investor Relations website, with both a telephone replay and webcast archive available after the event for investors and analysts.

Q: What non-GAAP financial measures does Infleqtion highlight?

Infleqtion highlights non-GAAP operating loss and non-GAAP net loss . These adjust GAAP results for items including stock-based compensation, acquisition and integration costs, changes in fair value of certain financial instruments, and impairments, aiming to provide additional insight into the company’s underlying operating performance.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Infleqtion, Inc. reported full-year 2025 results and issued 2026 revenue guidance of $40 million, reflecting what it describes as growing demand for its quantum sensing and computing solutions. For 2025, loss from operations was $35.3 million, improving from $53.0 million in 2024.

On a non-GAAP basis, Infleqtion reported a 2025 non-GAAP operating loss of $28.1 million and a non-GAAP net loss of $24.6 million, both narrower than 2024. Stock-based compensation totaled $3.1 million in 2025, down from $3.7 million in 2024. The company will discuss these results and its outlook on an April 8, 2026 conference call.

Insights

Infleqtion pairs $40M 2026 revenue guidance with narrowing 2025 losses.

Infleqtion is guiding to $40 million of revenue for 2026, positioning its neutral-atom quantum computing and sensing business for continued growth. Management links this outlook to increasing demand in areas like precision timing, resilient navigation, and large-scale quantum systems.

Financially, the company reduced its GAAP loss from operations from $53.0 million in 2024 to $35.3 million in 2025. Non-GAAP operating loss improved to $28.1 million, while non-GAAP net loss narrowed to $24.6 million, helped by lower stock-based compensation.

The use of non-GAAP metrics, excluding items such as stock-based compensation and acquisition and integration costs, highlights underlying operating trends but adds complexity for comparisons. Additional color on how the $40 million guidance breaks down across quantum sensing versus computing may emerge during the April 8, 2026 earnings call and webcast.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

2026 revenue guidance: $40 million 2025 loss from operations: $35.3 million 2024 loss from operations: $53.0 million +4 more

7 metrics

2026 revenue guidance $40 million Management outlook for 2026

2025 loss from operations $35.3 million GAAP loss from operations, year ended December 31, 2025

2024 loss from operations $53.0 million GAAP loss from operations, year ended December 31, 2024

2025 non-GAAP operating loss $28.1 million Year ended December 31, 2025

2025 non-GAAP net loss $24.6 million Year ended December 31, 2025

2025 stock-based compensation $3.1 million Total stock-based compensation expense, 2025

2024 stock-based compensation $3.7 million Total stock-based compensation expense, 2024

Key Terms

non-GAAP operating loss, non-GAAP net loss, stock-based compensation, SAFE liabilities, +2 more

6 terms

non-GAAP operating loss financial

"“Non-GAAP operating loss” is defined as loss from operations adjusted to add back..."

non-GAAP net loss financial

"“Non-GAAP net loss” is defined as net loss adjusted to add back..."

stock-based compensation financial

"Stock-based compensation was included in the following..."

Stock-based compensation is when a company pays employees, directors or consultants with shares or the right to buy shares instead of or in addition to cash. It matters to investors because issuing stock or options spreads ownership thinner (like cutting a pie into more slices), which can reduce each existing share’s claim on profits and can also change reported earnings; investors watch it to assess true cost of running the business and how management is incentivized.

SAFE liabilities financial

"Change in fair value of SAFE liabilities..."

contingent consideration financial

"Change in fair value of contingent consideration..."

Contingent consideration is an additional payment agreed when one company buys another that will be paid later only if specific future targets are met, such as revenue, profit, or regulatory milestones. It matters to investors because it shifts risk between buyer and seller and affects the acquiring company's future cash flow and reported value — like promising a bonus after results are proven.

Private Securities Litigation Reform Act of 1995 regulatory

"This press release contains forward-looking statements within the meaning of federal securities laws, including the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995."

Earnings Snapshot

Loss from operations: $35.3 million · Guidance included

Full year 2025

Loss from operations $35.3 million improved vs. $53.0 million in 2024

Non-GAAP operating loss $28.1 million improved vs. $35.7 million in 2024

Non-GAAP net loss $24.6 million improved vs. $38.4 million in 2024

Guidance

2026 revenue guidance of $40 million.

Understanding 8-K Material Events →

04/08/2026 - 04:16 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 8, 2026

INFLEQTION, INC.

(Exact name of registrant as specified in its charter)

Delaware

001-42646

86-1946291

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

1315 West Century Drive, Suite 150

Louisville, CO 80027

(Address of principal executive offices, including zip code)

(303) 440-1284

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, par value $0.0001 per share	INFQ	The New York Stock Exchange
Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 per share	INFQ WS	The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02

Results of Operations and Financial Condition.

On Wednesday, April 8, 2026, Infleqtion, Inc. announced its financial results for the year ended December 31, 2025. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference.

The information in Item 2.02 and in the accompanying Exhibit 99.1 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, except as expressly set forth by specific reference in such a filing

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits


Exhibit No.		Description

99.1		Press Release, dated April 8, 2026.

104		Cover Page Interactive Data File (formatted as Inline XBRL).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	INFLEQTION, INC.

Dated: April 8, 2026

	By:	/s/ Ilan Hart
	Name:	Ilan Hart
	Title:	Chief Financial Officer

Exhibit 99.1

Infleqtion Announces 2026 Revenue Guidance of $40 Million

Outlook reflects growing customer demand for quantum sensing and computing solutions

LOUISVILLE, Colo.—(BUSINESS WIRE)—Infleqtion (NYSE: INFQ) (the “Company”) a global leader in quantum computing and quantum sensing powered by neutral-atom technology, today announced 2026 revenue guidance of $40 million in conjunction with its previously announced business update call. The Company’s outlook reflects growing customer demand for quantum sensing and computing solutions.

2025 Financial Highlights For Full Year Ending December 31, 2025¹:

•

Revenue of $32.5 million.

•

Loss from operations of $35.3 million.

•

Non-GAAP operating loss of $28.1 million, which excludes stock-based compensation of $3.1 million and acquisition and integration costs of $4.1 million from GAAP operating loss.

Select Business Highlights

•

On April 1, 2026, Infleqtion announced the availability of its first quantum-enabled precision timing solution delivered with Safran Electronics & Defense. The solution builds on the December 2025 announcement of a strategic partnership and includes Infleqtion’s Tiqker optical atomic clock integrated and validated with Safran’s White Rabbit and SecureSync systems. The solution is available to customers across the defense, telecommunications, and critical infrastructure sectors.

•

In March 2026, Infleqtion announced the delivery of the UK’s only operational 100-physical qubit quantum computing system at the National Quantum Computing Centre, meeting a major UK national quantum mission goal and advancing the country’s ability to develop and operate large-scale quantum systems.

•

Following its earlier $6.2 million ARPA-E ENCODE award, Infleqtion won an additional ARPA-E award in March 2026, receiving $3.9 million through the QC3 program to advance chemistry and materials science applications.

•

In February 2026, Infleqtion announced its role as a collaborator on NASA’s Quantum Gravity Gradiometer Pathfinder mission, securing more than $20 million in contracted funding to date.

“2025 was a pivotal year for Infleqtion as we strengthened the business materially, advanced both our quantum sensing and quantum computing platforms, and expanded customer and partner relationships,” said Matthew Kinsella, Chief Executive Officer of Infleqtion. “We are seeing growing demand for deployable quantum technologies in mission-critical applications, from precision timing and resilient navigation to large-scale quantum computing systems. Our 2026 guidance reflects that momentum and our confidence in continued execution across the business.”

Conference Call and Webcast Information

Infleqtion will host a conference call at 4:30 p.m. Eastern Time on Wednesday, April 8, 2026. The call will be webcast live on the Company’s Investor Relations website in the News & Events section. A telephone replay will be available shortly after the call and will remain available through April 8, 2027. An archive of the webcast will also be available after the call and will remain available for one year.

Conference Call Details

Live Call

Domestic Dial-In: 1-877-869-3847

International Dial-In: 1-201-689-8261

Replay

Domestic Dial-In: 1-877-660-6853

International Dial-In: 1-201-612-7415

Conference ID: 13759662

Webcast

Event URL: https://event.webcasts.com/starthere.jsp?ei=1757937&tp_key=f0d5a76be2

About Infleqtion

Infleqtion, Inc. (NYSE: INFQ) is a global leader in quantum technology, delivering neutral-atom solutions for quantum computing, networking, sensing, and security. With a product portfolio spanning quantum computers, quantum optical clocks, RF receivers, and inertial sensors, Infleqtion’s full-stack approach combines high-performance hardware with the company’s proprietary Superstaq quantum computing software platform. Infleqtion’s systems are already in use by the U.S. Department of War, NASA, the U.K. government, and in multiple collaborations with NVIDIA. Infleqtion, in collaboration with NVIDIA, published the world’s first demonstration of a materials science application using logical qubits. With operations in the U.S., Europe, and Asia, Infleqtion meets the demands of government and commercial customers across the space, defense, energy, finance, and telecommunications sectors. For more information, visit Infleqtion.com or follow Infleqtion on LinkedIn, YouTube, and X.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws, including the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “anticipates,” “believes,”, “plans,” “seeks,” “will” and variations of these words or similar expressions that are intended to identify forward-looking statements. All statements, other than statements of historical facts, including without limitation statements regarding the Company’s expected 2026 revenue, business outlook, customer demand, commercial opportunities, and market momentum. These statements are based on Infleqtion’s current expectations, assumptions and projections as of the date of this release and are subject to risks and uncertainties that could cause actual results to differ materially and adversely. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include, without limitation, those related to Infleqtion’s ability to recognize anticipated benefits of its business combination with Churchill Capital Corp X; the implementation, market acceptance, and success of Infleqtion’s business model, growth strategy, and opportunities, and its ability to commercialize its quantum computing technology; the expected benefits of and ability to maintain and enter into new contracts, awards, and other relationships, partnerships, or collaborations with governments or government entities; the potential for quantum computing technology to achieve quantum advantages; the ability of Infleqtion’s products to meet government counterparties’ and customers’ technical requirements and compliance and regulatory needs; Infleqtion’s ability to obtain and maintain intellectual property protection and not infringe on the rights of others, and other risks and uncertainties described in Infleqtion’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update these forward-looking statements except as required by law.

Non-GAAP Financial Measures

This press release includes certain non-GAAP financial measures. Infleqtion believes these measures provide investors with additional insight into the underlying performance of the business. These non-GAAP financial measures should not be considered in isolation or as substitutes for the comparable GAAP measures. In addition, these non-GAAP financial measures may not be computed in the same manner as similarly titled measures used by other companies.

“Non-GAAP operating loss” is defined as loss from operations adjusted to add back, when applicable, stock-based compensation, acquisition and integration costs, and impairment of assets and goodwill.

“Non-GAAP net loss” is defined as net loss adjusted to add back, when applicable, stock-based compensation, acquisition and integration costs, change in fair value of contingent consideration, change in fair value of SAFE liabilities, and impairment of assets and goodwill.

See “Reconciliation of Non-GAAP Financial Measures” below for reconciliations of these non-GAAP measures to the most directly comparable GAAP measures.

Reconciliation of Non-GAAP Financial Measures

(in thousands)

The following is a reconciliation of non-GAAP financial measures of ColdQuanta, Inc. (Legacy Infleqtion) for the years ended December 31, 2025 and 2024:

Stock-based compensation was included in the following:


	For the period ended December 31,
	2025			2024
Cost of revenue	$	300		$	104
Research and development		374			447
SG&A		2,382			3,190

Total stock-based compensation	$	3,056		$	3,741


	For the period ended December 31,
	2025			2024
Loss from operations	$	(35,286	)	$	(53,008	)
Add:
Stock-based compensation		3,056			3,741
Acquisition and integration costs		4,114			—
Impairment of assets and goodwill		—			13,539

Non-GAAP operating loss	$	(28,116	)	$	(35,728	)


	For the period ended December 31,
	2025			2024
Net loss	$	(31,795	)	$	(53,764	)
Add:
Stock-based compensation		3,056			3,741
Acquisition and integration costs		4,114			—
Change in fair value of contingent consideration		—			380
Change in fair value of SAFE liabilities		—			(2,271	)
Impairment of assets and goodwill		—			13,539

Non-GAAP net loss	$	(24,625	)	$	(38,375	)

This release includes references to certain financial measures that are not recognized under U.S. generally accepted accounting principles (“GAAP”). Refer to “Non-GAAP Financial Measures” later in this release for the definitions of the non-GAAP financial measures presented and a reconciliation of these measures to their closest comparable GAAP measures.

Contacts

Investor Contact

Marcus Kupferschmidt

investors@infleqtion.com

Media Contact

Stephanie Knight

Solebury Strategic Communications

sknight@soleburystrat.com

Source: View Original Filing on SEC EDGAR

FAQ

What 2026 revenue guidance did Infleqtion (INFQ) provide?

Infleqtion issued 2026 revenue guidance of $40 million. The company said this outlook reflects growing customer demand for its quantum sensing and quantum computing solutions, including applications like precision timing, resilient navigation, and large-scale quantum computing systems across government and commercial sectors.

How did Infleqtion’s 2025 loss from operations change versus 2024?

Infleqtion’s 2025 loss from operations was $35.3 million, improving from $53.0 million in 2024. This narrowing loss suggests better cost control or higher gross profit, and it underpins management’s confidence in issuing 2026 revenue guidance alongside its full-year 2025 financial update.

What were Infleqtion’s 2025 non-GAAP operating and net losses?

For 2025, Infleqtion reported a non-GAAP operating loss of $28.1 million and a non-GAAP net loss of $24.6 million. These figures exclude items like stock-based compensation and acquisition and integration costs, providing an adjusted view of underlying operating performance compared with reported GAAP results.

How much stock-based compensation did Infleqtion record in 2025?

Infleqtion recorded $3.1 million of stock-based compensation expense in 2025, down from $3.7 million in 2024. These costs were spread across cost of revenue, research and development, and SG&A, and are added back in the company’s non-GAAP operating and net loss metrics.

When is Infleqtion’s conference call to discuss 2025 results and 2026 guidance?

Infleqtion scheduled its conference call for 4:30 p.m. Eastern Time on April 8, 2026. The call will be webcast live via the company’s Investor Relations website, with both a telephone replay and webcast archive available after the event for investors and analysts.

What non-GAAP financial measures does Infleqtion highlight?

Infleqtion highlights non-GAAP operating loss and non-GAAP net loss. These adjust GAAP results for items including stock-based compensation, acquisition and integration costs, changes in fair value of certain financial instruments, and impairments, aiming to provide additional insight into the company’s underlying operating performance.

Filing Exhibits & Attachments

5 documents

Press Releases

EX-99.1 EX-99.1 36.5 KB

Infleqtion (NYSE: INFQ) guides 2026 revenue to $40M as losses narrow

Rhea-AI Filing Summary

Positive

Negative