Infleqtion, Inc.
For the period ended Mar 31, 2026. Filed May 15, 2026.
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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 Statements of Cash Flows (unaudited)
Condensed Consolidated Statements of Cash Flows
(Unaudited; in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net loss | $(30,263) | $(5,985) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization expense | 948 | 701 |
| Stock-based compensation expense | 8,293 | 1,118 |
| Change in fair value of contingent obligation | 631 | — |
| Other non-cash operating adjustments | (742) | (328) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 2,658 | 1,931 |
| Unbilled receivables | (255) | (2,699) |
| Inventories | (570) | (1,112) |
| Prepaid expenses and other current assets | 181 | 675 |
| Other assets | 35 | (13) |
| Accounts payable | (1,915) | 2,507 |
| Accrued liabilities | (216) | (2,492) |
| Contract liabilities | 2,071 | (1,070) |
| Operating lease right-of-use assets | 189 | 127 |
| Operating lease right-of-use liabilities | (204) | (332) |
| Net cash used in operating activities | (19,159) | (6,972) |
| Cash flows from investing activities | ||
| Purchases of available-for-sale securities | (444,153) | — |
| Maturities of available-for-sale securities | 11,400 | — |
| Purchases of property and equipment | (312) | (408) |
| Net cash used in investing activities | (433,065) | (408) |
| Cash flows from financing activities | ||
| Proceeds from stock options exercised | 771 | 371 |
| Payment of offering costs | (3,306) | — |
| Proceeds from Business Combination, net of redemptions | 528,166 | — |
| Payment of deferred cash consideration | (475) | (713) |
| Net cash provided by (used in) financing activities | 525,156 | (342) |
| Foreign currency translation | 48 | 763 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | $72,980 | $(6,959) |
| Cash, cash equivalents and restricted cash at beginning of period | $11,894 | $48,142 |
| Cash, cash equivalents and restricted cash at end of period | $84,874 | $41,183 |
| Supplemental non-cash disclosure of cash flow information | ||
| Conversion of preferred stock to common stock | $(296,814) | $— |
| Reclassification of deferred offering costs in connection with business combination | $(9,298) | $— |
| Unpaid offering costs | $786 | $— |
| Unrealized gains or losses on available-for-sale securities | $(882) | $— |
The accompanying notes are an integral part of these condensed consolidated financial statement
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.