Infleqtion
Builds neutral-atom quantum systems and software for government, enterprise, and research customers.
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Profile
Builds neutral-atom quantum computers, sensing hardware, and Superstaq software for government, enterprise, and research customers in one reportable segment.
A single operating segment spans neutral-atom quantum computers, precision sensors, quantum RF systems, clocks, inertial-navigation solutions, and the Superstaq software platform. Products are sold to governments, enterprises, and research institutions working in national security, critical infrastructure, scientific discovery, and advanced computing.
Operations span the United States, the United Kingdom, and Australia, while the customer and partner base includes U.S. government agencies and industrial technology organizations. Commercial execution depends on turning a research-heavy neutral-atom platform into products for those institutions amid rapidly evolving quantum-technology markets. Management reports the entire business as one segment.
Company facts
Categories
Key statistics
Year to date −23.1% · Average volume (30d) 9.5M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | −$0.05 | −$0.06 | −20.0% | $10.6M | $12.6M | +18.7% | −1.46% |
| May 14, 2026Q1 FY26 | — | −$0.09 | — | — | $9.5M | — | −10.95% |
| Mar 31, 2026Q4 FY25 | — | −$1.27 | — | — | — | — | −4.08% |
Financial highlights
| 9 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $8.3M | $0 | $0 | $0 | $9.5M | $12.6M | |
| Gross profit | $3.4M | $0 | $0 | $0 | $2.0M | $1.4M | |
| Operating income | −$18.2K | −$185.2K | −$7.3M | −$552.2K | −$33.6M | −$30.6M | |
| Net income | −$18.2K | $2.0M | −$33.4M | −$35.5M | −$30.3M | −$25.5M | |
| Diluted EPS | −$0.41 | $0.04 | −$0.64 | −$0.68 | −$0.26 | −$0.11 | |
| Gross margin | 40.7% | — | — | — | 21.0% | 11.0% | |
| Operating margin | -0.2% | — | — | — | -354.9% | -242.5% |
Fiscal years (4-quarter sums)FY25 $8.3M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $477.0M · Total debt $14.5M · Total assets $642.1M · Shareholders' equity $575.5M
Dividends
No dividends on record.
Ownership
Shares outstanding 218.20M · Float 52.06M · 23.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Michael Stuart Klein · director, 10 percent owner, officer: See Remarks | 21.30M | 9.76% | Form 4 | Feb 17, 2026 |
| Brous Tyler · other: Former 10% Owners(1)(2) | 14.36M | 6.58% | Form 4 | Apr 24, 2026 |
| BOKA Group Holdings I LP | 12.45M | 5.75% | 13G | Mar 10, 2026 |
| S&G Foundation | 11.57M | 5.30% | 13F | Aug 12, 2026 |
| Churchill Sponsor X LLC | 10.65M | 20.40% | 13D | Sep 11, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Maverick Capital Ltd | director | −164,824 | $13.02 |
| Aug 19, 2026 | Maverick Capital Ltd | director | −33,405 | $12.62 |
| Aug 14, 2026 | Maverick Capital Ltd | director | +52,071 | $12.42 |
| Aug 13, 2026 | Maverick Capital Ltd | director | −1,609 | $12.19 |
| Aug 11, 2026 | Maverick Capital Ltd | director | −1,079 | $11.82 |
Peers
- IonQ
Trapped-ion quantum platform spanning computing, sensing, and networking
- IBM
Full-stack quantum cloud and software platform for enterprise users
- Alphabet Class A
Willow hardware and an integrated quantum software stack
- Microsoft
Azure-integrated quantum platform and topological hardware program
- Amazon
Quantum cloud platform for multi-modal hardware and hybrid workflows
- Rigetti Computing
Superconducting quantum computers and cloud services for R&D buyers
- D-Wave Quantum
Annealing and gate-model systems for quantum optimization
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Infleqtion | $12.82 | +0.20% | $2.79B | — | — | 126.4 | — |
| IonQ | $39.41 | +0.56% | $14.63B | — | — | 59.4 | +286.8% |
| IBM | $235.80 | +0.10% | $221.96B | 20.8 | 18.4 | 3.2 | +1.1% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| Microsoft | $513.06 | −0.06% | $3.81T | 28.6 | 26.2 | 11.5 | +17.8% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| Rigetti Computing | $15.68 | +0.51% | $5.18B | — | — | 388.1 | +185.3% |
| D-Wave Quantum | $17.01 | +0.03% | $6.25B | — | — | 502.6 | −0.6% |
| Median | 21.1 | 26.0 | 11.5 | +19.6% |