Infleqtion Inc (NYSE: INFQ) is a quantum technology company that develops neutral atom quantum computing systems and quantum sensing hardware. It generates revenue through hardware sales, cloud-based managed service access, and government and enterprise contracts, with software middleware sold alongside hardware platforms. The company completed a business combination with CCX and moved its listing from Nasdaq to NYSE under the ticker INFQ on February 13, 2026. Its quantum computing product, Sqale, uses neutral atoms trapped in optical fields as qubits and achieved 99.73% two-qubit gate fidelity on its CZ gate as reported in the FY2025 10-K filed March 31, 2026. Sensing products, including the Tiqker atomic clock, SqyWire RF quantum sensor, and Exaqt inertial and gravitational sensors, are already commercialized and target defense, navigation, and critical infrastructure end markets. Superstaq, a proprietary compiler and middleware stack, delivers hardware-aware optimization and is offered on Google Cloud and Amazon AWS.

Revenue model

Revenue comes from on-premises hardware sales of the Sqale quantum computing system, managed cloud service access via Superstaq on Google Cloud and Amazon AWS, quantum sensor hardware sales (Tiqker, SqyWire, Exaqt), government contracts, and licensed software royalties. University license agreements carry royalties on net sales in the low-single-digit range for non-software products and mid-single-digit range for software products, per the FY2025 10-K filed March 31, 2026.

Products and services

Sqale: neutral atom quantum computing system, available on-premises or as a cloud managed service. Superstaq: proprietary compiler and middleware stack supporting hybrid quantum-classical workflows, offered via API on Google Cloud and AWS. Tiqker: compact optical atomic clock with picosecond-level timing precision. SqyWire: rugged RF quantum sensor for electromagnetic signal detection across kHz to high GHz spectrum, targeting electronic warfare and signals intelligence. Exaqt: family of inertial and gravitational sensors for GPS-denied navigation, subsurface monitoring, and geophysical surveying.

Customers and end markets

End markets include defense and national security (electronic warfare, signals intelligence, GPS-denied navigation), government agencies, enterprise computing, and critical infrastructure. The filing does not disclose specific named customers or customer concentration figures.

Value-chain role

Vertically integrated quantum hardware and software developer. Designs and manufactures quantum computing and sensing hardware, develops proprietary middleware (Superstaq), and distributes through direct hardware sales and cloud service agreements with Google Cloud and Amazon AWS. Holds exclusive licenses from the University of Colorado and the Wisconsin Alumni Research Foundation (WARF) covering core quantum technology patents.

Geographic exposure

Primarily United States-based operations. Products are subject to U.S. export controls on quantum computing hardware and related software. The filing notes international regulatory constraints but does not disclose a specific non-U.S. revenue percentage.

Competitors

Google Cloud (internal quantum computing efforts), Amazon AWS (internal quantum computing efforts)

Source: SEC 10-K, filed 2026-03-31

Industry: Services-Computer Processing & Data Preparation