Every 8-K that Infleqtion, Inc. (INFQ) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow INFQ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full INFQ filings page.
Infleqtion, Inc. announced that its Sqale quantum computer demonstrated 30 entangled logical qubits using 80 physical qubits, which the company described as a 2026 roadmap milestone. It said the demonstration executed approximately 1,000 physical operations, or 1 KiloQuOp, and experimentally produced a signal approximately 1,000 times stronger than the underlying noise.
The company describes logical qubits as groups of physical qubits formed using software protocols to ensure computational stability and accuracy. Infleqtion said an AI-assisted discovery halved the physical gates needed for a key logical operation; its presentation describes a three-logical-qubit operation using four physical two-qubit gates, compared with eight previously. The company also said Sqale combines individual qubit addressing with dynamically reconfigurable atom arrays and all-to-all connectivity.
Infleqtion stated targets of 100 logical qubits in 2028 and 1,000 by 2030. It said it has three customers for Sqale logical-qubit circuits, including the Wellcome Leap Quantum for Bio program. The presentation also lists approximately $45 million in FY26 revenue guidance.
Infleqtion, Inc. updated its previously released second-quarter 2026 results and 2026 revenue outlook after identifying accounting adjustments related to revenue recognition on two government contracts and expected-loss provisions. The changes shift revenue timing between periods but have no impact on cash or underlying business fundamentals.
For Q2 2026, total revenue was $13,538 thousand, an increase of 157% year over year, all from quantum-related business. GAAP operating loss widened to $29,858 thousand from $10,412 thousand, reflecting higher operating expenses and stock-based compensation; non-GAAP operating loss was $16,201 thousand versus $7,643 thousand. Net loss was $24,695 thousand compared with $9,186 thousand a year earlier.
The company raised its full-year 2026 revenue outlook to approximately $45,100 thousand, up from $43,000 thousand, to include non-cash, accounting-based adjustments. As of June 30, 2026, cash and cash equivalents were $59,285 thousand, with additional current and non-current available-for-sale securities of $417,673 thousand and $104,780 thousand. Net cash used in operating activities for the first half of 2026 was $5,974 thousand. Infleqtion also completed a Business Combination, generating $528,166 thousand of net proceeds in the first half.
Infleqtion, Inc. reported record second-quarter 2026 revenue of $12.6 million, up 116% year over year, all organically generated and entirely from quantum-related activities. The company raised its full-year 2026 revenue outlook to approximately $43 million, citing accelerating demand in quantum computing and sensing.
GAAP operating loss widened to $30.6 million in Q2 2026, with non-GAAP operating loss at $17.0 million, reflecting higher operating expenses and stock-based compensation. Infleqtion ended the quarter with $582 million in cash, cash equivalents, restricted cash and available-for-sale securities and no debt, including a temporary $27.4 million payroll-tax working-capital benefit expected to reverse in Q3.
The U.S. Department of Commerce issued a Letter of Intent providing for up to $100 million in proposed funding, subject to definitive agreements and approvals, and potentially includes Infleqtion common stock. Infleqtion remains on track to reach 30 logical qubits in 2026, plans a contracted Illinois quantum computer in 2027 designed to scale beyond 50 logical qubits, and highlighted government and commercial engagements across energy, space and defense applications.
Infleqtion, Inc. reported first-quarter 2026 revenue of $9.5 million, up 14% year over year, driven by quantum computing, sensing, and software demand in national security, space, and hybrid quantum‑AI applications. The company raised its 2026 revenue outlook to at least $40 million.
Despite higher revenue, Infleqtion recorded a GAAP net loss of $30.3 million versus a $6.0 million loss a year earlier, as research and development reached $10.0 million and selling, general and administrative expenses rose to $26.3 million, including $11.5 million of go‑public transaction expenses. Non‑GAAP net loss was $9.9 million.
Liquidity strengthened significantly, with cash and cash equivalents of $84.7 million, current available-for-sale securities of $358.9 million, and non-current available-for-sale securities of $125.1 million as of March 31, 2026, supported by $528.2 million of cash from recapitalization and conversion of $296.8 million of preferred stock into common equity.
Infleqtion, Inc. appointed Nicholas Johnson as a Class III director, with his term running until the company’s 2029 annual meeting of stockholders, under board and nominating committee approval and a prior merger agreement designation right.
Johnson, age 38, is a Partner at Archimedes Advisor Group and Managing Director at M. Klein & Company. Because M. Klein & Company is party to an advisory agreement with Infleqtion, the board determined he is not independent under New York Stock Exchange rules and did not assign him to any standing committees.
Under the existing advisory agreement, Infleqtion pays the advisor $250,000 per quarter for two years from closing, and may pay additional fees of 5% of underwriting fees on capital markets financings and 3% of gross proceeds on strategic investments when the advisor is engaged. While this agreement remains in effect, Johnson will not receive compensation under the company’s non-employee director compensation policy, and the company notes there are no other related-party transactions with him beyond the advisory and indemnification arrangements.
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.
Infleqtion, Inc. filed an amendment to a prior report to add full-year 2025 and 2024 audited financial statements and MD&A for ColdQuanta, Inc. dba Infleqtion (Legacy Infleqtion).
Legacy Infleqtion generated $32.5 million in 2025 revenue and reported a $31.8 million net loss, an improvement from a $53.8 million loss in 2024, while using $24.1 million of operating cash and ending 2025 with $11.9 million in cash, cash equivalents and restricted cash.
The notes describe its quantum technology business, heavy reliance on U.S. and U.K. government customers, significant preferred equity financing, SAFE note conversion, and a Business Combination with Churchill Capital Corp X that created Infleqtion, Inc., which had 216,471,927 common shares outstanding immediately after closing, with approximately 70.1% of voting rights held by Legacy Infleqtion securityholders.
Infleqtion, Inc. filed an amended report about its change in independent auditor. The Audit Committee approved dismissing WithumSmith+Brown, PC after completion of the audit for the year ended December 31, 2025, and Withum was dismissed on March 31, 2026.
Withum’s reports contained no adverse opinions or scope qualifications, but did include a substantial doubt about the company’s ability to continue as a going concern. The company reports no disagreements or reportable events with Withum and has engaged KPMG LLP as its new independent registered public accounting firm for the year ending December 31, 2026.
Infleqtion, Inc. is changing its independent auditor. On March 20, 2026, the Audit Committee approved the dismissal of WithumSmith+Brown, PC as auditor, effective after Withum completes the audit of the Company’s consolidated financial statements for the year ended December 31, 2025.
Withum’s prior report on Churchill Capital Corp X’s 2024 financial statements contained no adverse opinions or qualifications, and there were no disagreements or reportable events under SEC rules. The Company has requested a confirmation letter from Withum, filed as Exhibit 16.1.
The Audit Committee also approved engaging KPMG LLP as Infleqtion’s independent auditor for the year ending December 31, 2026, subject to Churchill’s 2025 Form 10-K filing and execution of an engagement letter. The Company states it did not consult KPMG on accounting or audit matters before this engagement.