Filing Flows › Infleqtion (INFQ) › Q1 2026
Infleqtion (INFQ) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Infleqtion (INFQ) reported revenue of $9.5M for the first quarter 2026 (Q1 2026), +14% from a year earlier and -8% from the quarter before. Operating margin was -349.1%, net loss $29.7M (314.1% of revenue).
Infleqtion, Q1 2026: revenue $9.5M (+14% year over year), operating margin -349.1%, net loss $29.7M, operating cash flow −$19.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.5M | -8% | +14% |
| Operating profit | −$33.0M | — | — |
| Net earnings | −$29.7M | — | — |
| Operating cash flow | −$19.2M | — | — |
What changed
Revenue was $9.5M in Q1 2026, up 14% year over year and down 8% from the previous quarter. Service was the largest line at 67% of revenue. Service added $4.4M year over year (up 232%), 381% of the total change. Product declined 51%.
Gross margin was 21.0%, down 19.6 points from Q1 2025. Operating costs exceeded revenue by $33.0M, an operating margin of -349.1%. Operating expenses grew 932% against revenue growth of 14%. The quarter ended with a net loss of $29.7M, narrower than the previous quarter's $35.5M loss.
Operating cash flow was −$19.2M. Non-cash charges added back $948K of depreciation and amortization and $8.3M of share-based compensation. Working capital and other items added $1.3M.
Questions
What was Infleqtion's revenue in the first quarter 2026?
Infleqtion (INFQ) reported revenue of $9.5M for the first quarter 2026 (Q1 2026), +14% from a year earlier and -8% from the quarter before.
Was Infleqtion profitable in the first quarter 2026?
Operating loss was $33.0M (-349.1% of revenue) and net loss $29.7M.
Source: Infleqtion 10-Q on SEC EDGAR.