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← CockpitCompetitor Analysis › INFQ Infleqtion, Inc.Open in the cockpit ↗

Infleqtion, Inc.INFQCompetitor analysis, valuation and peers

United States · USD·Information Technology›Computer Processing Hardware

Develops quantum computing and sensing hardware using cold-atom technology, for computing, navigation and timing applications.

Momentum laggard 17
Mkt cap
$2.00B
US dollars, full cap
Free float
84%
of shares outstanding
$/day
$62.9M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-70.9 pp
WACC 19.8%
Hurdle
n/a
no reverse DCF
Next earnings
10 days
16 Nov 2026
Close · USD$8.89
1D+19.5%
1W+0.1%
1M-20.3%
3M-23.9%
6M-26.6%
YTD-43.0%
1Y-51.9%
ATR %9.2%
Beta3.85
52w lowhigh58.2% off high

What Infleqtion does

Develops quantum computing and sensing hardware using cold-atom technology, for computing, navigation and timing applications.

Revenue today comes mainly from government and research contracts and from selling sensing, timing and navigation instruments, such as atomic clocks, rather than from quantum computers sold at scale. The computing side is still at the demonstration stage, so contract work helps pay for development.

Products and services

  • Quantum computing systems (cold-atom based)
  • Quantum sensing for navigation and timing
  • Quantum networking

Customers

  • Government/defense agencies
  • Research institutions
  • Enterprise quantum computing customers

Where it sits in the supply chain

  • Information Technology
  • Computer Processing Hardware
  • Quantum computing and cold-atom sensing

What could go right

  • Government quantum research funding
  • Early enterprise quantum computing adoption

What could go wrong

  • Long timeline to commercial quantum computing viability
  • High cash burn ahead of profitability

Moat: narrow (IP / patents, process know-how). Cold-atom quantum technology and government research contracts, in an early-stage, pre-commercial quantum computing field.

Headquarters: Boulder, Colorado, US · Founded: 2007 · Employees: 205

Named competitors

Infleqtion at a glance

Size Infleqtion (INFQ) is a United States Information Technology company (Computer Processing Hardware) with a market value of $2.00B, the 1788th largest of 3,117 United States companies the cockpit tracks. Shares closed at $8.89 on 6 Nov 2026.

Performance Over six months the shares fell 26.6%, against -19.6% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 19 in its peer set.

Growth The operating margin is -315.0% (peer median 5.4%).

Valuation It trades at 67.0× enterprise value to sales against a peer median of 1.7× (5th most expensive of 21).

Capital Return on invested capital runs 70.9 points below its cost of capital (19.8% WACC).

Short interest Short interest is 12.6% of the free float (15 Oct 2026).

Next results Next results expected around 16 Nov 2026 (exchange calendar; dates can move).

Relative performance

10015011 May 202611 Aug 20266 Nov 2026Peer median 81INFQ 69
Six months, rebased to 100: Infleqtion against the median of its 20 peers (local-currency closes).

Infleqtion financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024
Revenue$23.0M$0$0
Revenue growth———
Gross profit$4.16M$0$0
EBITDA-$70.5M-$1.99M-$51,910
Net income-$124M-$66.9M-$51,910
Free cash flow-$9.19M-$2.27M$0
Capital expenditure$1.70M$0$0
Total debt$14.5M$0$184,847

Quarterly statements and history in the cockpit →

Infleqtion competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-25%0%+25%+50%-20%0%688100000682300530077360072823533001303001883706KTN603327RPI2352V03MILDEFNATLRGTIQBTSINFQ6-month return →1-month return →
Up and to the right = strong over both horizons. Infleqtion is the large dot.

Infleqtion competitors and peer comparison

Head to head with its named competitors (INFQ vs IONQ vs RGTI vs QBTS)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Infleqtion INFQ$2.00B-27%n/a-315%67.0×n/a
IonQ IONQ$14.0B-34%+371%-392%48.5×n/a
RGTI RGTI$3.92B-38%+68%-728%264.8×n/a
QBTS QBTS$4.05B-25%-44%-1,373%286.2×n/a

How Infleqtion compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Infleqtion against its 20 peers (data as of 6 Nov 2026)
MeasureINFQPeer medianRank in peer set
1-month return-20.3%-6.5%5th lowest of 21
6-month return-26.6%-19.6%4th lowest of 19
Distance from 52-week high-58.2%-37.2%4th lowest of 21
Operating margin-315.0%5.4%5th lowest of 21
EV / Sales67.0×1.7×5th most expensive of 21
ROIC minus cost of capital-70.9 pp+0.0 pplowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Infleqtion INFQUnited States$2.00B-27%n/a-315%67.0×n/an/a
Willfar Information Technology 688100.SSChina$1.98B-28%-9%20%4.8×17.0%+15.5%
Dongfang Electronics 000682.SZChina$2.06B-21%+14%7%1.2×8.9%+17.4%
Getac 3005.TWTaiwan$2.20B+19%+9%15%1.7×-7.0%+7.2%
Lakala Payment 300773.SZChina$2.32B-25%+17%4%1.1×14.2%0.0%
PCI Technology 600728.SSChina$1.58B-7%+11%0%1.1×23.0%+18.8%
Acer 2353.TWTaiwan$2.63B+4%+15%2%0.4×n/an/a
XGD 300130.SZChina$1.49B-20%+21%12%1.7×3.8%+3.8%
IQM Quantum Computers Oyj Sponsored ADR IQMXUnited States$1.49Bn/an/a-492%178.8×n/an/a
IQM Quantum Computers IQMX.HEFinland$1.41Bn/an/a-492%174.7×n/an/a
SDIC Intelligence Information Technology 300188.SZChina$1.35B-15%-15%-53%6.2×n/an/a
MiTAC 3706.TWTaiwan$2.98B-16%+44%4%0.9×n/an/a
Kontron KTN.DEGermany$1.31B-19%-7%7%0.9×4.2%+5.1%
Sichuan Furong Technology 603327.SSChina$1.30B-26%+22%6%3.0×n/an/a
Raspberry PI RPI.LUnited Kingdom$1.29B-27%+71%9%2.9×14.4%+17.2%
Qisda 2352.TWTaiwan$1.28B+7%0%1%0.6×n/an/a
Venture V03.SISingapore$3.22B-21%+1%10%1.1×-1.3%-3.4%
MilDef MILDEF.STSweden$1.17B+54%+76%17%4.1×5.1%+38.7%
NCR Atleos NATLUnited States$3.49B+7%+2%14%1.3×-9.2%+1.8%
RGTI RGTIUnited States$3.92B-38%+68%-728%264.8×n/an/a
QBTS QBTSUnited States$4.05B-25%-44%-1,373%286.2×n/an/a

Questions

Who are Infleqtion's main competitors?
Named competitors: IonQ (IONQ), Rigetti Computing (RGTI), D-Wave Quantum (QBTS). The cockpit's measured peer set (industry) also includes Willfar Information Technology (688100.SS), Dongfang Electronics (000682.SZ), Getac (3005.TW), Lakala Payment (300773.SZ), PCI Technology (600728.SS), Acer (2353.TW).
Is Infleqtion expensive compared with its peers?
On ev / sales it trades at 67.0× against a peer median of 1.7×, 5th most expensive of 21 in its peer set.
How has Infleqtion stock performed?
Over six months to 6 Nov 2026 the shares returned -26.6% against -19.6% for the median peer; over one year -51.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.