Infleqtion, Inc. (INFQ) Balance Sheet
INFQ balance sheet, 2025
December 31, 2025 · U.S. dollars$424.9M assets = $78.8M liabilities + $346.1M equity
Both columns are drawn to the same scale: what INFQ owns equals what it owes plus shareholders’ equity. Hover a block for its value.
INFQ financial health
Descriptive bands, not a rating. Fiscal 2025.
INFQ balance sheet trends, 2023–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $71.9M2023 | $424.9M2025 | +143.1%/yr | |
| Total liabilities | $207.1M2023 | $78.8M2025 | −38.3%/yr | |
| Shareholders’ equity | −$135.2M2023 | $346.1M2025 | — | |
| Cash & short-term investments | $40.1M2023 | $424.4M2025 | +225.2%/yr | |
| Total debt | $5.1M2023 | $184,8472024 | −96.4%/yr | |
| Net cash (debt) | $35.0M2023 | $47.8M2024 | +$12.7M | |
| Working capital | $39.4M2023 | −$74.7M2025 | −$114.2M | |
| Current ratio | 5.342023 | 0.012025 | −5.33 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
INFQ assets
INFQ liabilities and equity
INFQ debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
INFQ balance sheet
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Assets | |||
| Cash & short-term investments | $424.4M | $47.9M | $40.1M |
| Cash & equivalents | $702,154 | $47.9M | $27.5M |
| Short-term investments | $423.7M | $0 | $12.7M |
| Receivables | $0 | $4.0M | $3.4M |
| Inventory | $0 | $2.2M | $1.3M |
| Other current assets | $0 | $6.8M | $3.8M |
| Total current assets | $1.1M | $61.0M | $48.5M |
| Property, plant & equipment (net) | $0 | $15.4M | $13.6M |
| Goodwill & intangible assets | $0 | $9.3M | $9.3M |
| Long-term investments | $0 | $0 | $0 |
| Other non-current assets | $423.8M | $0 | $467,000 |
| Total assets | $424.9M | $157,937 | $71.9M |
| Liabilities | |||
| Accounts payable | — | $1.4M | $2.4M |
| Short-term debt | — | $184,847 | $1.1M |
| Deferred revenue | — | — | $2.6M |
| Total current liabilities | $75.8M | $184,847 | $9.1M |
| Long-term debt | $0 | $0 | $1.4M |
| Lease obligations | — | $6.1M | $3.6M |
| Other long-term liabilities | $3.0M | $252.8M | $196.5M |
| Total liabilities | $78.8M | $184,847 | $207.1M |
| Shareholders' equity | |||
| Common stock & paid-in capital | $423.7M | $863 | $4,000 |
| Retained earnings (deficit) | −$77.6M | −$51,910 | −$145.5M |
| Accumulated other comprehensive income | — | — | −$114,000 |
| Total shareholders' equity | $346.1M | −$26,910 | −$135.2M |
| Key figures | |||
| Total debt | — | $184,847 | $5.1M |
| Net cash (debt) | — | $47.8M | $35.0M |
| Working capital | −$74.7M | $60.8M | $39.4M |
| Tangible book value | $346.1M | −$9.3M | −$144.5M |
| Book value per share | $6.65 | — | — |
| Shares outstanding | 52.0M | — | — |
| Current ratio | 0.01 | 329.74 | 5.34 |
| Quick ratio | 5.60 | 281.18 | 4.79 |
| Equity / assets | 81.5% | −17.0% | −188.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Mar '24 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $477.0M | $443.5M | $424.4M | $76.3M | $1.2M | — | $47.9M | — |
| Cash & equivalents | $59.3M | $84.7M | $702,154 | $24.9M | $1.2M | — | $47.9M | — |
| Short-term investments | $417.7M | $358.9M | $423.7M | $51.4M | — | — | $0 | — |
| Receivables | $9.6M | $11.8M | $0 | $8.3M | $0 | $0 | $7.6M | $0 |
| Inventory | $5.8M | $4.9M | $0 | $4.1M | $0 | $0 | $2.2M | $0 |
| Other current assets | $8.7M | $4.6M | $0 | $6.9M | $400,801 | — | $3.2M | — |
| Total current assets | $501.0M | $464.9M | $1.1M | $95.6M | $1.6M | — | $61.0M | — |
| Property, plant & equipment (net) | $22.4M | $12.7M | $0 | $14.0M | $0 | $0 | $15.4M | $0 |
| Goodwill & intangible assets | $9.3M | $9.3M | $0 | $9.3M | $0 | $0 | $9.3M | $0 |
| Long-term investments | $104.8M | $125.1M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $4.6M | $578,000 | $423.8M | $649,000 | $416.4M | $170,882 | $637,000 | $148,643 |
| Total assets | $642.1M | $612.6M | $424.9M | $119.6M | $418.1M | $170,882 | $86.3M | $148,643 |
| Liabilities | ||||||||
| Accounts payable | $3.6M | $3.7M | — | $5.7M | — | — | $1.4M | — |
| Short-term debt | $1.0M | $1.1M | — | $1.2M | — | $203,047 | $1.3M | $152,245 |
| Deferred revenue | — | — | — | $3.1M | — | — | $3.4M | — |
| Total current liabilities | $53.1M | $23.6M | $75.8M | $18.9M | $102,760 | $215,992 | $16.7M | $168,254 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $14.5M | $4.9M | — | $5.5M | — | — | $6.1M | — |
| Other long-term liabilities | $13.5M | $3.8M | $3.0M | $301.1M | $3.0M | $0 | $252.8M | $0 |
| Total liabilities | $66.7M | $27.4M | $78.8M | $320.0M | $3.1M | $215,992 | $269.5M | $168,254 |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $23,000 | $22,000 | $423.7M | $5,000 | $415.2M | $1,036 | $5,000 | $719 |
| Retained earnings (deficit) | −$286.8M | −$261.3M | −$77.6M | −$220.3M | −$202,776 | −$70,110 | −$199.3M | −$44,611 |
| Accumulated other comprehensive income | −$411,000 | −$75,000 | — | $655,000 | — | — | $360,000 | — |
| Total shareholders' equity | $575.5M | $585.3M | $346.1M | −$200.4M | $415.0M | −$45,110 | −$183.2M | −$19,611 |
| Key figures | ||||||||
| Total debt | $14.5M | $4.9M | — | $5.5M | — | $203,047 | $6.1M | $152,245 |
| Net cash (debt) | $462.4M | $438.6M | — | $70.8M | — | −$203,047 | $41.8M | −$152,245 |
| Working capital | $447.9M | $441.3M | −$74.7M | $76.7M | $1.5M | — | $44.2M | — |
| Tangible book value | $566.2M | $575.9M | $346.1M | −$209.7M | $415.0M | −$45,110 | −$192.5M | −$19,611 |
| Book value per share | $2.62 | $4.95 | $6.65 | −$3.85 | — | — | — | −$0.00 |
| Shares outstanding | 219.7M | 118.2M | 52.0M | 52.0M | — | — | — | 52.0M |
| Current ratio | 9.43 | 19.74 | 0.01 | 5.06 | 15.89 | — | 3.64 | — |
| Quick ratio | 9.16 | 19.34 | 5.60 | 4.48 | 11.99 | 0.00 | 3.32 | 0.00 |
| Debt / equity | 0.03 | 0.01 | — | — | — | — | — | — |
| Equity / assets | 89.6% | 95.5% | 81.5% | −167.6% | 99.3% | −26.4% | −212.2% | −13.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
INFQ financial position
At the end of fiscal 2025 (December 31, 2025), Infleqtion had total assets of $424.9 million (up 268,909.9% from a year earlier), total liabilities of $78.8 million and shareholders' equity of $346.1 million. Its current ratio was 0.01. In the latest quarter (ended June 30, 2026) total assets were $642.1 million and equity $575.5 million.
Related: INFQ income statement, INFQ cash flow statement, INFQ key metrics. See the INFQ stock overview for the latest quote and news.
INFQ balance sheet FAQ
What are Infleqtion's total assets?
Infleqtion reported total assets of $424.9 million at the end of fiscal 2025 (December 31, 2025), compared with $0.2 million a year earlier.
How much cash does Infleqtion have?
Infleqtion held $424.4 million in cash and short-term investments at the end of fiscal 2025.
What is Infleqtion's book value?
Infleqtion's shareholders' equity (book value) was $346.1 million at the end of fiscal 2025, or $6.65 per share.
What is Infleqtion's current ratio?
Infleqtion had current assets of $1.1 million and current liabilities of $75.8 million, a current ratio of 0.01 (current liabilities exceed current assets).