Infleqtion (INFQ) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Infleqtion

NYSE•Technology•Software - Infrastructure

$13.23-0.63(-0.05%)Market closed

Market Cap

$2.91B

P/S

126.4x

P/B

5.1x

Infleqtion, Inc. engages in the development and commercialization of quantum technology products in the United States, Europe, and Asia. It delivers neutral atom solutions for quantum computing, networking, sensing, and security. The company offers quantum sensing, quantum computing and software; quantum clocks and quantum RF sensors; and quantum inertial and gravimetric sensors for GPS-denied environments. It also offers quantum computing; contextual machine learning; quantum software; tiqker atomic clock; quantum RF receiver; inertial sensing; and quantum cores products, as well as quantum optical clocks, RF receivers, and inertial sensors. In addition, the company offers solutions for national security and resilience, space and frontier, energy and resource exploration, ai and ml, life sciences and drug discovery, materials science, and finance. It serves organizations in national security, critical national infrastructure, scientific discovery, advanced computing, space, defense, energy, finance, and telecommunications sectors. It has a collaboration with Japan Science and Technology Agency for developing quantum computers. The company was formerly known as ColdQuanta, Inc. and changed its name to Infleqtion, Inc. in January 2026. The company was founded in 2007 and is headquartered in Louisville, Colorado.

How this company scores

AverageMetricSide Score: 41/100

Strongest: Balance Sheet & Red Flags (15/25); weakest: Cash & Earnings Quality (3/25).

Profitability11/25

Growth12/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality3/25

Strengths

Long cash runwayInterest easily coveredConsistent growthNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 126.4x5y range 111.4x – 126.4x

P/B · 5.1x5y range 1.8x – 5.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 6 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $2.91B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $23.00M
Q. Revenue: $13.54M
TTM EBITDA: $-69.34M
TTM Op. Income: $-71.26M
Q. Op. Income: $-29.86M
TTM Net Income: $-123.84M
Q. Net Income: $-24.70M
EPS: $-0.11
Shares Out.: $219.74M

$23.00M in TTM revenue grew from zero YoY, reaching $13.54M last quarter. TTM EBITDA of $-69.34M and TTM operating income of $-71.26M show growth is flowing through to the bottom line. However, net income is negative at $123.84M — growth is not yet reaching the bottom line. Across the last 6 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 16.0%
EBITDA Margin: -213.3%
Op. Margin: -220.5%
Net Margin: -182.4%

Op. margin of -220.5% is up 18522979.5% YoY — cost efficiency is improving. Net margin at -182.4% and gross margin of 16.0% show how much of each revenue dollar survives to profit. Across the last 6 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 126.4x
P/B Ratio: 5.1x

P/S of 126.4x and P/B of 5.1x. P/S is high, meaning growth expectations are priced in.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $641.45M
Cash: $59.28M
Long-Term Debt: N/A
Book Value: $574.38M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $13.19M
TTM Free Cash Flow: $-9.19M
FCF Margin: -40.0%
FCF / Net Income: 0.1

TTM FCF of $-9.19M on $13.19M in operating cash flow. The FCF / Net Income ratio of 0.1x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is up 0% — an improving trend.