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Financial statements

Infleqtion, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data Infleqtion, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2025FY2025
General and administrative0.051.99
Operating income-0.05-8.04
Other non-operating income0-58.9
Net income-0.05-66.9

Balance sheet

FY2025FY2025
Cash and equivalents48.111.7
Short-term investments34.3
Receivables9.54
Inventory4.3
Other current assets0.06
Total current assets072.5
Property, plant and equipment8.67
Lease right-of-use assets4.92
Goodwill9.32
Long-term investments17.2
Other non-current assets0.62
Total assets0.16113
Accounts payable5.64
Accrued liabilities08.92
Deferred revenue6.87
Total current liabilities0.1823
Lease liabilities4.07
Total liabilities0.1827.1
Paid-in capital0.0221.9
Retained earnings-0.05-233
Other comprehensive income0.91
Shareholders' equity-185-211
Total equity-185-211
Total liabilities and equity0.16113
Shares outstanding17.4

Cash flow statement

FY2025FY2025
Net income-0.05-66.9
Cash from operations0-2.27
Cash from investing0-413
Cash from financing0416
Net change in cash00.7

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $14.51 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin28.9%Gross profit / revenue.
Operating margin-130.4%Operating income / revenue.
Pre-tax margin-174.4%Pre-tax income / revenue.
Net margin-258.5%Net income / revenue.
Operating cash flow margin-49.6%Cash from operations / revenue.
Return on equity (ROE)-18.5%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-16.6%Net income / average total assets.
Return on invested capital (ROIC)-8.2%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.

Growth

MetricValueHow it is calculated
Total assets growth, 1y71,584.0%Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

MetricValueHow it is calculated
Current ratio9.34xCurrent assets / current liabilities.
Quick ratio9.01x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio8.91x(Cash + short-term investments) / current liabilities.
Liabilities / assets10.5%Total liabilities / total assets.
Working capital$446.8MCurrent assets - current liabilities.
Goodwill and intangibles / assets1.5%(Goodwill + intangible assets) / total assets.
Tangible book value$565.1MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.06xRevenue / average total assets.
Fixed asset turnover4.73xRevenue / average property, plant and equipment.
Inventory turnover5.01xCost of revenue / average inventory.
Days inventory73 days365 x average inventory / cost of revenue.
Receivables turnover7.59xRevenue / average receivables.
Days sales outstanding48 days365 x average receivables / revenue.
Days payables46 days365 x average accounts payable / cost of revenue.
Cash conversion cycle75 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.48Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$0.19Revenue / diluted weighted shares.
Operating cash flow per share-$0.09Cash from operations / diluted weighted shares.
Book value per share$2.56Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$2.51Tangible book value / shares outstanding.
Cash per share$2.12(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$3.26BShare price x shares outstanding.
Enterprise value$2.78BMarket cap + total debt - cash - short-term investments.
P/S79.4xMarket cap / revenue.
P/B5.68xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book5.77xMarket cap / tangible book value, when positive.
EV/Sales67.7xEnterprise value / revenue.
Earnings yield-3.3%Net income / market cap (the inverse of P/E).
Was Infleqtion, Inc. profitable in fiscal 2025?

No. It reported a net loss of $66.9M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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