INFQ (Infleqtion) Net-Net Working Capital: $1.86 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

INFQ Infleqtion Inc INFQ
12 GF Score
Price $14.12
! 2 Warning Signs
View Full Analysis

What is Infleqtion Net-Net Working Capital?

Infleqtion INFQ +12.51% 12 Net-Net Working Capital is $1.86 as of Jun. 2026. GuruFocus rates INFQ with a GF Score™ of 12/100. The stock has 2 warning signs investors should review. Among 1,241 Software companies, Infleqtion ranks better than 51.25% on this metric.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Infleqtion's Net-Net Working Capital for the quarter that ended in Jun. 2026 was $1.86.

The industry rank for Infleqtion's Net-Net Working Capital or its related term are showing as below:

INFQ's Price-to-Net-Net-Working-Capital is ranked better than
51.25% of 1241 companies
in the Software industry
Industry Median: 7 vs INFQ: 7.59

Infleqtion  (NYSE:INFQ) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Infleqtion Net-Net Working Capital Related Terms


Infleqtion Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Infleqtion's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Infleqtion Net-Net Working Capital Chart

Infleqtion Annual Data
Trend Dec23 Dec24
Net-Net Working Capital
-0.76 -1.00

Infleqtion Quarterly Data
Dec23 Dec24 Mar25 Jun25 Sep25 Mar26 Jun26
Net-Net Working Capital Get a 7-Day Free Trial 0.00 0.00 -1.10 1.96 1.86

INFQ vs FLYW, BAND, EVTC: Net-Net Working Capital Comparison

For the Software - Infrastructure subindustry, Infleqtion's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Infleqtion Price-to-Net-Net-Working-Capital vs Software Industry

For the Software industry and Technology sector, Infleqtion's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Infleqtion's Price-to-Net-Net-Working-Capital falls into.


INFQ
12GF Score
Infleqtion Inc INFQ
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Infleqtion Net-Net Working Capital Calculation

Infleqtion's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(47.942+0.75 * 4.033+0.5 * 2.223-269.493
-0-0)/216.472
=-1.00

Infleqtion's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2026 is calculated as

Net-Net Working Capital(Q: Jun. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(476.958+0.75 * 5.413+0.5 * 5.834-67.071
-0-0)/224.681
=1.86

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.

What does a Net-Net Working Capital of $1.86 mean?
Infleqtion (INFQ) has a Net-Net Working Capital of $1.86 as of Jun. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Infleqtion According to the industry distribution chart, Infleqtion ranks #605 out of 1241 companies in the Software industry, placing it in the top 48.8%.
Is Infleqtion's Net-Net Working Capital too high?
Infleqtion's current Net-Net Working Capital is $1.86. The Software industry median Net-Net Working Capital is 7.00. Infleqtion's value of $1.86 is 73.4% below this industry median. Based on the distribution chart, Infleqtion ranks #605 out of 1241 companies in the Software industry, which is above the industry midpoint. Overall, Infleqtion has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Infleqtion's Net-Net Working Capital compare to FLYW and BAND?
According to the Software industry distribution chart, Infleqtion ranks #605 out of 1241 companies for Net-Net Working Capital. This puts Infleqtion in the upper half of its industry. The industry median Net-Net Working Capital is 7.00. Infleqtion's value of $1.86 is 73.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Software company?
The median Net-Net Working Capital among Software companies is 7.00, based on 1,241 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Infleqtion's current Net-Net Working Capital of $1.86 is 73.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Infleqtion For the Software industry, the median Net-Net Working Capital is 7.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Infleqtion's current Net-Net Working Capital is $1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Infleqtion stock overvalued right now?
Infleqtion (INFQ) has a current Net-Net Working Capital of $1.86. The current Net-Net Working Capital is $1.86 and 73.4% below the Software industry median of 7.00. Infleqtion's overall GF Score™ is 12/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Infleqtion (INFQ), the current Net-Net Working Capital is $1.86 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Infleqtion Business Description

Address 1315 West Century Drive, Suite 150, Louisville, CO, USA, 80027
Infleqtion Inc developing and commercializing quantum technology products as part of a full-stack platform, which currently includes offerings such as quantum sensing, quantum computing, and software. Its quantum-enabled solutions are focused on addressing the world's pressing challenges, with technologies actively deployed across some sectors today, including defense and security, artificial intelligence (AI), energy optimization, space and frontier, materials discovery, and cybersecurity.
12GF Score

Get the complete analysis for INFQ

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$14.12
Price