Infleqtion reports Q1 revenue $9.5M (+14% YoY), raises 2026 outlook to at least $40M

Infleqtion, Inc.

Record Q1 revenue of $9.5M, up 14% YoY; all organic from quantum products.
GAAP loss from operations $33.6M; non-GAAP loss $13.2M; net loss $30.3M ($0.26/share).
Cash, cash equivalents and securities $569M at March 31; net cash used in ops $19.2M.
2026 revenue guidance raised to at least $40M, driven by expanding customer activity across quantum portfolio.
Customer wins include NASA JPL ($20M contracts), Safran, DARPA HARQ, U.S. Navy, DOE programs.

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