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Infleqtion, Inc. (INFQ) Q4 2025 Earnings Call Transcript

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⚡ Quantum Brief
Infleqtion reported Q4 2025 earnings on April 8, 2026, highlighting record revenue growth driven by quantum computing contracts with defense and commercial clients. CEO Matthew Kinsella emphasized milestones in trapped-ion qubit scalability. The company secured $120M in new defense contracts, including a DARPA-funded program for modular quantum processors. CTO Pranav Gokhale noted progress toward 1,000-qubit systems by 2027, citing error correction breakthroughs. CFO Ilan Hart projected 2026 revenue of $180M–$200M, up 40% YoY, despite R&D costs rising 22%. Non-GAAP profitability is expected by late 2027 through hardware-as-a-service models. Analysts pressed on competition with IBM and IonQ, but management stressed Infleqtion’s edge in hybrid quantum-classical solutions for logistics and cryptography. Three new Fortune 500 partnerships were announced. Infleqtion filed for a $300M secondary offering to fund its quantum networking initiative, targeting 2028 commercialization. Regulatory risks and supply chain delays were flagged as key challenges.
Infleqtion, Inc. (INFQ) Q4 2025 Earnings Call Transcript

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SA Transcripts159.27K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Infleqtion, Inc. (INFQ) Q4 2025 Earnings Call April 8, 2026 4:30 PM EDT Company Participants Marcus Kupferschmidt - Head of Investor RelationsMatthew Kinsella - Founding Investor, CEO & DirectorPranav Gokhale - Co-founder & CTOIlan Hart - Chief Financial Officer Conference Call Participants Tyler Perry Anderson - Craig-Hallum Capital Group LLC, Research DivisionJesse Sobelson - BTIG, LLC, Research DivisionAntoine Legault - Wedbush Securities Inc., Research DivisionAtif Malik - Citigroup Inc., Research DivisionTroy Jensen - Cantor Fitzgerald & Co., Research DivisionPeter Peng - JPMorgan Chase & Co, Research Division Presentation Operator Good afternoon, and welcome to Infleqtion's Full Year 2025 Financial Results and Business Update Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference call over to Marcus Kupferschmidt, Head of Investor Relations and Strategic Finance. Please go ahead. Marcus KupferschmidtHead of Investor Relations Good afternoon, and welcome to Infleqtion's Full Year 2025 Fiscal Results and Business Update Conference Call. Thank you for joining us today. My name is Marcus Kupferschmidt, Head of Investor Relations and Strategic Finance. Before we begin, I would like to remind you that this conference call may include forward-looking statements. These statements are subject to various risks, uncertainties and assumptions that could cause actual results to differ materially. These factors are detailed in our Form 8-K and other filings with the SEC, which are available on our website at ir.infleqtion.com. We undertake no obligation to revise or update any forward-looking statements, except as required by law. During today's call, we will also reference certain non-GAAP financial measures. We use these measures because we believe they provide additional insight into the underlying operating performance of the business. This non-GAAP financial information should not be considered in isolation or as a substitute for GAAP results. Reconciliations

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Source: Seeking Alpha