Infleqtion Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	32.46	28.84	10.95
Revenue Growth (YoY)	12.58%	163.34%	-
Cost of Revenue	20.65	19.77	6.51
Gross Profit	11.81	9.06	4.44
Selling, General & Admin	25.34	27.29	27.75
Research & Development	24.09	22.3	33.82
Other Operating Expenses	-2.33	-1.06	-1.34
Operating Expenses	47.1	48.53	60.23
Operating Income	-35.29	-39.47	-55.8
Interest & Investment Income	2.5	1.15	3.16
Other Non Operating Income (Expenses)	0.99	-2.29	-0.13
EBT Excluding Unusual Items	-31.8	-40.61	-52.77
Impairment of Goodwill	-	-1.53	-
Asset Writedown	-	-12.01	-
Other Unusual Items	-	0.38	-
Pretax Income	-31.8	-53.77	-52.77
Income Tax Expense	-	-0	-
Net Income	-31.8	-53.76	-52.77
Net Income to Common	-31.8	-53.76	-52.77
Shares Outstanding (Basic)	46	40	35
Shares Outstanding (Diluted)	46	40	35
Shares Change (YoY)	16.02%	13.53%	-
EPS (Basic)	-0.69	-1.35	-1.50
EPS (Diluted)	-0.69	-1.35	-1.50
Free Cash Flow	-26.52	-35.33	-51.01
Free Cash Flow Per Share	-0.57	-0.89	-1.46
Gross Margin	36.39%	31.43%	40.51%
Operating Margin	-108.69%	-136.87%	-509.56%
Profit Margin	-97.94%	-186.45%	-481.88%
Free Cash Flow Margin	-81.68%	-122.50%	-465.83%
EBITDA	-31.59	-36.85	-53.66
EBITDA Margin	-97.32%	-127.80%	-
D&A For EBITDA	3.69	2.62	2.13
EBIT	-35.29	-39.47	-55.8
EBIT Margin	-108.69%	-136.87%	-
Revenue as Reported	32.46	28.84	10.95

Source: S&P Capital IQ. Standard template. Financial Sources.