Infleqtion, Inc. balance sheet
At the end of fiscal 2025, Infleqtion, Inc. had total assets of $113m, total liabilities of $27.1m and shareholders' equity of −$211m. It held $11.7m in cash against $0 of debt: net cash of $11.7m.
Balance sheet
| Fiscal year | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|
| Cash and equivalents | 48 | 12 | 59 |
| Receivables | — | 10 | 5 |
| Inventory | — | 4 | 6 |
| Total current assets | 0 | 73 | 500 |
| Goodwill | — | 9 | 9 |
| Total assets | 0 | 113 | 641 |
| Accounts payable | — | 6 | 4 |
| Deferred revenue (current) | — | 7 | 3 |
| Total current liabilities | 0 | 23 | 54 |
| Total debt | 0 | 0 | 0 |
| Total liabilities | 0 | 27 | 67 |
| Shareholders' equity | −185 | −211 | 574 |
| Non-controlling interests and other (assets − liabilities − equity) | 185 | 297 | — |
| Net debt (negative = net cash) | −48 | −12 | −59 |
| Shares outstanding | — | — | 225m |
| Quarter | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|
| Receivables | — | — | — | 10 | 7 | 5 |
| Inventory | — | — | — | 4 | 5 | 6 |
| Total current assets | — | 2 | 2 | 73 | 465 | 500 |
| Goodwill | — | — | — | 9 | 9 | 9 |
| Total assets | 0 | 418 | 421 | 113 | 613 | 641 |
| Accounts payable | — | — | — | 6 | 4 | 4 |
| Deferred revenue (current) | — | — | — | 7 | 9 | 3 |
| Total current liabilities | 0 | 0 | 37 | 23 | 24 | 54 |
| Total liabilities | — | 3 | 40 | 27 | 27 | 67 |
| Shareholders' equity | −189 | −197 | −38 | −211 | 583 | 574 |
| Non-controlling interests and other (assets − liabilities − equity) | — | 612 | 420 | 297 | — | — |
| Shares outstanding | — | — | — | 17m | 17m | 225m |
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