Infleqtion, Inc.
For the period ended Mar 31, 2026. Filed May 15, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 15, 2026
INFQ$9.35-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets (unaudited)
Condensed Consolidated Balance Sheets
(Unaudited; in thousands, except share and per share amounts)
| As of | ||
|---|---|---|
| March 31, 2026 (Unaudited) | December 31, 2025 | |
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $84,674 | $11,694 |
| Available-for-sale securities, current | 358,866 | 34,318 |
| Accounts receivable | 6,858 | 9,543 |
| Unbilled receivables | 4,979 | 4,734 |
| Inventories | 4,869 | 4,299 |
| Prepaid expenses and other current assets | 4,630 | 10,036 |
| Total current assets | 464,876 | 74,624 |
| Property and equipment, net | 8,045 | 8,674 |
| Operating lease right-of-use assets | 4,680 | 4,923 |
| Available-for-sale securities, non-current | 125,117 | 17,157 |
| Goodwill | 9,315 | 9,315 |
| Other assets | 578 | 620 |
| TOTAL ASSETS | $612,611 | $115,313 |
| LIABILITIES, CONVERTIBLE REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $3,718 | $5,644 |
| Accrued liabilities | 9,803 | 8,610 |
| Contract liabilities | 8,942 | 6,871 |
| Current portion of operating lease right-of-use liabilities | 1,088 | 1,076 |
| Deferred consideration payable, current | — | 471 |
| Total current liabilities | 23,551 | 22,672 |
| Operating lease liabilities, net of current portion | 3,805 | 4,074 |
| TOTAL LIABILITIES | 27,356 | 26,746 |
| Convertible Redeemable Preferred Stock: | ||
| Series Seed convertible redeemable preferred stock, $0.0001 par value per share | — | 6,526 |
| Series Seed II convertible redeemable preferred stock; $0.0001 par value per share | — | 10,411 |
| Series A convertible redeemable preferred stock, $0.0001 par value per share | — | 36,658 |
| Series B convertible redeemable preferred stock; $0.0001 par value per share | — | 112,145 |
| Series B-1 convertible redeemable preferred stock; $0.0001 par value per share | — | 32,990 |
| Series C convertible redeemable preferred stock; $0.0001 par value per share | — | 71,733 |
| Series C-1 convertible redeemable preferred stock; $0.0001 par value per share | — | 26,351 |
| Total Convertible Redeemable Preferred Stock | — | 296,814 |
| Commitments and contingencies (refer to note 9) | ||
| Stockholders’ Equity (Deficit): | ||
| Preferred stock: $0.0001 par value per share; 100,000,000 shares authorized; no shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively | — | — |
| Common stock: $0.0001 par value per share; 1,400,000,000 shares authorized; 216,471,927 and 17,449,020 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively | 22 | 2 |
| Additional paid-in capital | 846,657 | 21,931 |
| Accumulated deficit | (261,349) | (231,086) |
| Accumulated other comprehensive (loss) income | (75) | 906 |
| Total Stockholders’ Equity (Deficit) | 585,255 | (208,247) |
| Total Liabilities, Convertible Redeemable Preferred Stock and Stockholders’ Equity (Deficit) | $612,611 | $115,313 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.