INFQ · Churchill Capital Corp X

Infleqtion's 2025 financial results show revenue of $32.5 million with significant operating losses, though the company's non-GAAP operating loss of $28.1 million represents an improvement from the prior year's $35.7 million non-GAAP operating loss. The company's 2026 revenue guidance of $40 million reflects management's confidence in growing customer demand for quantum sensing and computing solutions. CEO Matthew Kinsella described 2025 as a pivotal year where the company strengthened its business materially, advanced both quantum sensing and computing platforms, and expanded customer and partner relationships. The company highlighted several business achievements including the April 2026 launch of its first quantum-enabled precision timing solution with Safran Electronics & Defense, the March 2026 delivery of the UK's only operational 100-physical qubit quantum computing system, additional ARPA-E funding awards, and participation in NASA's Quantum Gravity Gradiometer Pathfinder mission with over $20 million in contracted funding. These developments demonstrate Infleqtion's progress in commercializing quantum technologies across defense, telecommunications, and critical infrastructure sectors while securing government partnerships and funding.