8-K
Infleqtion, Inc. (INFQ)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 8, 2026
INFLEQTION, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 001-42646 | 86-1946291 |
|---|---|---|
| (State or other jurisdiction<br> <br>of incorporation) | (Commission<br> <br>File Number) | (I.R.S. Employer<br> <br>Identification No.) |
1315 West Century Drive, Suite 150
Louisville, CO 80027
(Address of principal executive offices, including zip code)
(303) 440-1284
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading<br>Symbol | Name of each exchange<br>on which registered |
|---|---|---|
| Common Stock, par value $0.0001 per share | INFQ | The New York Stock Exchange |
| Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 per share | INFQ WS | The New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 2.02 | Results of Operations and Financial Condition. |
|---|
On Wednesday, April 8, 2026, Infleqtion, Inc. announced its financial results for the year ended December 31, 2025. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference.
The information in Item 2.02 and in the accompanying Exhibit 99.1 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, except as expressly set forth by specific reference in such a filing
| Item 9.01 | Financial Statements and Exhibits. |
|---|
(d) Exhibits
| Exhibit<br>No. | Description |
|---|---|
| 99.1 | Press Release, dated April 8, 2026. |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| INFLEQTION, INC. | ||
|---|---|---|
| Dated: April 8, 2026 | ||
| By: | /s/ Ilan Hart | |
| Name: | Ilan Hart | |
| Title: | Chief Financial Officer |
EX-99.1
Exhibit 99.1
Infleqtion Announces 2026 Revenue Guidance of $40 Million
Outlook reflects growing customer demand for quantum sensing and computing solutions
**LOUISVILLE, Colo.—(BUSINESS WIRE)—**Infleqtion (NYSE: INFQ) (the “Company”) a global leader in quantum computing and quantum sensing powered by neutral-atom technology, today announced 2026 revenue guidance of $40 million in conjunction with its previously announced business update call. The Company’s outlook reflects growing customer demand for quantum sensing and computing solutions.
2025 Financial Highlights For Full Year Ending December 31, 2025^1^:
| • | Revenue of $32.5 million. |
|---|---|
| • | Loss from operations of $35.3 million. |
| --- | --- |
| • | Non-GAAP operating loss of $28.1 million, which excludes stock-based<br>compensation of $3.1 million and acquisition and integration costs of $4.1 million from GAAP operating loss. |
| --- | --- |
SelectBusiness Highlights
| • | On April 1, 2026, Infleqtion announced the availability of its first quantum-enabled precision timing<br>solution delivered with Safran Electronics & Defense. The solution builds on the December 2025 announcement of a strategic partnership and includes Infleqtion’s Tiqker optical atomic clock integrated and validated with Safran’s<br>White Rabbit and SecureSync systems. The solution is available to customers across the defense, telecommunications, and critical infrastructure sectors. |
|---|---|
| • | In March 2026, Infleqtion announced the delivery of the UK’s only operational 100-physical qubit quantum computing system at the National Quantum Computing Centre, meeting a major UK national quantum mission goal and advancing the country’s ability to develop and operate large-scale<br>quantum systems. |
| --- | --- |
| • | Following its earlier $6.2 million ARPA-E ENCODE award, Infleqtion<br>won an additional ARPA-E award in March 2026, receiving $3.9 million through the QC3 program to advance chemistry and materials science applications. |
| --- | --- |
| • | In February 2026, Infleqtion announced its role as a collaborator on NASA’s Quantum Gravity Gradiometer<br>Pathfinder mission, securing more than $20 million in contracted funding to date. |
| --- | --- |
“2025 was a pivotal year for Infleqtion as we strengthened the business materially, advanced both our quantum sensing and quantum computing platforms, and expanded customer and partner relationships,” said Matthew Kinsella, Chief Executive Officer of Infleqtion. “We are seeing growing demand for deployable quantum technologies in mission-critical applications, from precision timing and resilient navigation to large-scale quantum computing systems. Our 2026 guidance reflects that momentum and our confidence in continued execution across the business.”
Conference Call and Webcast Information
Infleqtion will host a conference call at 4:30 p.m. Eastern Time on Wednesday, April 8, 2026. The call will be webcast live on the Company’s Investor Relations website in the News & Events section. A telephone replay will be available shortly after the call and will remain available through April 8, 2027. An archive of the webcast will also be available after the call and will remain available for one year.
Conference Call Details
Live Call
Domestic Dial-In: 1-877-869-3847
International Dial-In: 1-201-689-8261
Replay
Domestic Dial-In: 1-877-660-6853
International Dial-In: 1-201-612-7415
Conference ID: 13759662
Webcast
Event URL: https://event.webcasts.com/starthere.jsp?ei=1757937&tp_key=f0d5a76be2
About Infleqtion
Infleqtion, Inc. (NYSE: INFQ) is a global leader in quantum technology, delivering neutral-atom solutions for quantum computing, networking, sensing, and security. With a product portfolio spanning quantum computers, quantum optical clocks, RF receivers, and inertial sensors, Infleqtion’s full-stack approach combines high-performance hardware with the company’s proprietary Superstaq quantum computing software platform. Infleqtion’s systems are already in use by the U.S. Department of War, NASA, the U.K. government, and in multiple collaborations with NVIDIA. Infleqtion, in collaboration with NVIDIA, published the world’s first demonstration of a materials science application using logical qubits. With operations in the U.S., Europe, and Asia, Infleqtion meets the demands of government and commercial customers across the space, defense, energy, finance, and telecommunications sectors. For more information, visit Infleqtion.com or follow Infleqtion on LinkedIn, YouTube, and X.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws, including the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “anticipates,” “believes,”, “plans,” “seeks,” “will” and variations of these words or similar expressions that are intended to identify forward-looking statements. All statements, other than statements of historical facts, including without limitation statements regarding the Company’s expected 2026 revenue, business outlook, customer demand, commercial opportunities, and market momentum. These statements are based on Infleqtion’s current expectations, assumptions and projections as of the date of this release and are subject to risks and uncertainties that could cause actual results to differ materially and adversely. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include, without limitation, those related to Infleqtion’s ability to recognize anticipated benefits of its business combination with Churchill Capital Corp X; the implementation, market acceptance, and success of Infleqtion’s business model, growth strategy, and opportunities, and its ability to commercialize its quantum computing technology; the expected benefits of and ability to maintain and enter into new contracts, awards, and other relationships, partnerships, or collaborations with governments or government entities; the potential for quantum computing technology to achieve quantum advantages; the ability of Infleqtion’s products to meet government counterparties’ and customers’ technical requirements and compliance and regulatory needs; Infleqtion’s ability to obtain and maintain intellectual property protection and not infringe on the rights of others, and other risks and uncertainties described in Infleqtion’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update these forward-looking statements except as required by law.
Non-GAAP Financial Measures
This press release includes certain non-GAAP financial measures. Infleqtion believes these measures provide investors with additional insight into the underlying performance of the business. These non-GAAP financial measures should not be considered in isolation or as substitutes for the comparable GAAP measures. In addition, these non-GAAP financial measures may not be computed in the same manner as similarly titled measures used by other companies.
“Non-GAAP operating loss” is defined as loss from operations adjusted to add back, when applicable, stock-based compensation, acquisition and integration costs, and impairment of assets and goodwill.
“Non-GAAP net loss” is defined as net loss adjusted to add back, when applicable, stock-based compensation, acquisition and integration costs, change in fair value of contingent consideration, change in fair value of SAFE liabilities, and impairment of assets and goodwill.
See “Reconciliation of Non-GAAP Financial Measures” below for reconciliations of these non-GAAP measures to the most directly comparable GAAP measures.
Reconciliation of Non-GAAP Financial Measures
(in thousands)
The following is a reconciliation of non-GAAP financial measures of ColdQuanta, Inc. (Legacy Infleqtion) for the years ended December 31, 2025 and 2024:
Stock-based compensation was included in the following:
| For the period ended December 31, | ||||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||
| Cost of revenue | $ | 300 | $ | 104 | ||
| Research and development | 374 | 447 | ||||
| SG&A | 2,382 | 3,190 | ||||
| Total stock-based compensation | $ | 3,056 | **** | $ | 3,741 | **** |
| For the period ended December 31, | ||||||
| 2025 | 2024 | |||||
| Loss from operations | $ | (35,286 | ) | $ | (53,008 | ) |
| Add: | ||||||
| Stock-based compensation | 3,056 | 3,741 | ||||
| Acquisition and integration costs | 4,114 | — | ||||
| Impairment of assets and goodwill | — | 13,539 | ||||
| Non-GAAP operating loss | $ | (28,116 | ) | $ | (35,728 | ) |
| For the period ended December 31, | ||||||
| 2025 | 2024 | |||||
| Net loss | $ | (31,795 | ) | $ | (53,764 | ) |
| Add: | ||||||
| Stock-based compensation | 3,056 | 3,741 | ||||
| Acquisition and integration costs | 4,114 | — | ||||
| Change in fair value of contingent consideration | — | 380 | ||||
| Change in fair value of SAFE liabilities | — | (2,271 | ) | |||
| Impairment of assets and goodwill | — | 13,539 | ||||
| Non-GAAP net loss | $ | (24,625 | ) | $ | (38,375 | ) |
| ^1^ | This release includes references to certain financial measures that are not recognized under U.S. generally<br>accepted accounting principles (“GAAP”). Refer to “Non-GAAP Financial Measures” later in this release for the definitions of the non-GAAP<br>financial measures presented and a reconciliation of these measures to their closest comparable GAAP measures. | |||||
| --- | --- |
Contacts
Investor Contact
Marcus Kupferschmidt
investors@infleqtion.com
Media Contact
Stephanie Knight
Solebury Strategic Communications
sknight@soleburystrat.com