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- Material Weakness In Internal Control Over Financial Reporting (new) — The company disclosed material weaknesses in internal control over financial reporting, which were not present in the prior period.
Infleqtion's revenue more than doubled in the second quarter, but its net loss widened to $24.7M as stock-based compensation and public-company costs surged following its February business combination.
Filed August 18, 2026 · Period ending June 30, 2026 · ~1 min read
Key Changes
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Total revenue rose 156.5% to $13.5M in the June quarter, driven by a $6.7 million increase in revenue from services performed under the QGG contract with NASA.
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Net loss widened to $24.7M from $9.2M a year earlier, including $11.5 million of non-recurring expenses associated with the Business Combination.
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The company completed its business combination on February 13, 2026, receiving $528.2 million of gross transaction proceeds and ending the quarter with $59.3M in cash and $417.7M in current available-for-sale securities.
1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 26, 2026 · How we verify