Issue 002 | U.S. Pilot | US

INFQ

Infleqtion, Inc.

Screen state: Passing Source state: Verified 10-Q | 2026-05-15 Filing currency: USD

Open Filing Back to Register Report a correction

Internal NCAV Discount 63.7%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets: 464,876,000USD
Total Liabilities: 27,356,000USD
NCAV: 437,520,000USD
Cash: 84,674,000USD
NCAV per share: 25.07USD/share
Evidence: 1 annual | 10 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Not captured in this issue’s Mary run.

This archived issue is not backfilled with observations from a later screening run.

Business Profile

Published only when a substantive filing-text profile has been prepared for this issue.

Not available for this issue.

A substantive filing-text profile was not prepared for this company. Financial statement evidence and filing links remain available above for direct inspection.

Historical values can be viewed as reported in each filing or normalized to the latest verified split basis. These are measurement aids, not conclusions about a company.

Policy: no_split_evidence_reported_equals_adjusted | quality: verified

Display basis Normalized to latest verified split basis As reported in each filing

Metric	2026-03-31 10-Q Open filing	2025-12-31 10-K Open filing	2025-09-30 10-Q Open filing	2025-06-30 10-Q Open filing	2025-03-31 10-Q Open filing
Period-end Shares Outstanding	17,449,02017,449,020	n/an/a	n/an/a	n/an/a	n/an/a
Weighted-average Basic Shares	14,737,92714,737,927	26,348,90126,348,901	41,700,00041,700,000	21,079,12121,079,121	9,000,0009,000,000
Weighted-average Diluted Shares	118,162,332118,162,332	n/an/a	41,700,00041,700,000	21,079,12121,079,121	n/an/a
Basic EPS	-0-0	n/an/a	n/an/a	n/an/a	00
Diluted EPS	-0-0	n/an/a	n/an/a	n/an/a	00
Basic-to-Diluted Share Difference	701.8%	Insufficient evidence	0.0%	0.0%	Insufficient evidence
Net Share Count Change	Insufficient evidence	-36.8%	97.8%	134.2%	Insufficient evidence
Ownership Claim Change	Insufficient evidence	58.3%	-49.5%	-57.3%	Insufficient evidence

Known Unknowns

Only 10 quarterly periods available from Data Vault for this company.

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric	2025-12-31 10-K USD
Revenue	n/a
Operating Income	-8,035,205
Net Income	-66,931,068
Cash From Operations	-2,272,729
Capex	n/a
Free Cash Flow	n/a
Cash And Equivalents	11,694,000
Accounts Receivable	9,543,000
Inventory	4,299,000
Total Current Assets	1,069,583
Total Assets	424,866,229
Total Current Liabilities	75,795,575
Total Liabilities	78,795,575
Shareholders Equity	-77,618,849
Shares Outstanding	17,449,020
Shares Outstanding Diluted	n/a
Weighted Avg Shares Diluted	n/a
Weighted Avg Shares Basic	n/a
Net Share Count Change (Normalized)	-36.8%
Ownership Claim Change (Normalized)	58.3%

Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Only 10 quarterly periods available from Data Vault for this company.

Metric	2026-03-31 10-Q USD	2025-12-31 10-K USD	2025-12-31 10-K USD	2025-12-31 10-K USD	2025-12-31 10-K USD	2025-12-31 10-K USD	2025-12-31 10-K USD	2025-09-30 10-Q USD	2025-06-30 10-Q USD	2025-03-31 10-Q USD
Revenue	9,461,000	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	8,303,000
Operating Income	-33,575,000	-552,243	-552,243	-552,243	-552,243	-552,243	-552,243	-7,279,530	-185,232	-18,200
Net Income	-30,263,000	-35,501,343	-35,501,343	-35,501,343	-35,501,343	-35,501,343	-35,501,343	-33,384,811	1,973,286	-18,200
Cash From Operations	-19,159,000	-433,408	-433,408	-433,408	-433,408	-433,408	-433,408	-1,081,704	-757,617	0
Capex	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Free Cash Flow	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Cash And Equivalents	84,674,000	11,694,000	11,694,000	11,694,000	11,694,000	11,694,000	11,694,000	1,135,562	1,232,392	n/a
Total Current Assets	464,876,000	1,069,583	1,069,583	1,069,583	1,069,583	1,069,583	1,069,583	1,528,696	1,633,193	n/a
Total Liabilities	27,356,000	78,795,575	78,795,575	78,795,575	78,795,575	78,795,575	78,795,575	39,696,665	3,102,760	215,992
Shares Outstanding	17,449,020	17,449,020	17,449,020	17,449,020	17,449,020	17,449,020	17,449,020	n/a	n/a	n/a
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	118,162,332	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	9,000,000
Weighted Avg Shares Basic	118,162,332	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	9,000,000
Net Share Count Change (Normalized)	Insufficient evidence	-36.8%	-36.8%	-36.8%	-36.8%	-36.8%	-36.8%	97.8%	134.2%	Insufficient evidence
Ownership Claim Change (Normalized)	Insufficient evidence	58.3%	58.3%	58.3%	58.3%	58.3%	58.3%	-49.5%	-57.3%	Insufficient evidence

Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input	Value	Source concept	Filing period	Confidence	Provenance
Current Assets	464,876,000USD	us-gaap:AssetsCurrent	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0002007825/companyfacts.json Data Vault \| sec/companyfacts/cik=0002007825/companyfacts.json
Total Liabilities	27,356,000USD	us-gaap:Liabilities	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0002007825/companyfacts.json Data Vault \| sec/companyfacts/cik=0002007825/companyfacts.json
Cash	84,674,000USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0002007825/companyfacts.json Data Vault \| sec/companyfacts/cik=0002007825/companyfacts.json
Shares Outstanding	17,449,020	us-gaap:CommonStockSharesOutstanding	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0002007825/companyfacts.json Data Vault \| sec/companyfacts/cik=0002007825/companyfacts.json
NCAV	437,520,000USD	derived	2026-03-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	25.07USD	derived	2026-03-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	63.7%	derived	2026-03-31	n/a	gnni_publication_pack \| internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source: Data Vault
Data Vault Root: Local evidence | The Data Vault
CIK: 0002007825
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0002007825/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0002007825/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 5
Imported At: 2026-08-15T12:52:14+00:00
Rendered At: 2026-08-16T03:29:43+00:00

Run Audit

Mary Run: f75c5d221f074da8a489fba328e8ef51
Mary As Of: 2026-07-18
Accession: 0001193125-26-227206
CIK: 0002007825
Mary Filing Date: 2026-05-15
Filing Currency: USD
Internal Discount: 63.7%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=f75c5d221f074da8a489fba328e8ef51; mary_as_of=2026-07-18; mary_filing_date=2026-05-15; mary_accession=0001193125-26-227206; mary_cik=0002007825; gnni_supporting_filing_date=2026-05-15; internal_discount=0.637476; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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