PerpEquities

Equity · Technology

Infleqtion, Inc. (INFQ) perpetual futures

INFQ perpetual futures on 11 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade INFQUSDT.

Infleqtion, Inc. designs and builds quantum computers, precision sensors, and quantum software for governments, enterprises, and research institutions, serving defense, commercial, and academic clients.

$13.45-0.8%NYSE closed
Open in terminal

Price chart

 

Use the left and right arrow keys to inspect points on the chart.

Collecting venue price data...
venue perp mark · Bitunix (INFQ/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

11/11 live markets
Venues
11
Live markets
11/11
24h volume
$5.2MCoverage: 9/11 marketsExchange-reported volume: $7.6M
Open interest
$36.7MCoverage: 10/11 markets
Best liquidity
$413.7K
MEXC
Tightest spread
+0.7 bps
Bitunix
Highest volume
$4.2M
Bitunix
Settlement mix
USDT · 11/11
Perp/spot vol.
0.21x
Spot volume $25.4M
OI / float
+5.24%
Float $700.4M
Spot performance
1D0.00%
5D-6.91%
1M+6.15%
6M+43.15%
YTD-19.05%
1Y-19.05%

Venue matrix

11 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BitunixTradeINFQ/USDTTrading$13.44+8.9% APR
+0.00810% every 8h
+0.7 bps$212.8K$4.2M$3.6MUSDT20x
BybitTradeINFQ/USDTTrading$13.510.0% APR
0.000% every 8h
+14.8 bps$2.8K$303K$86.9KUSDT25x
LBankTradeINFQ/USDTTrading$13.450.0% APR
0.000% every 8h
+22.3 bps$286.4K$206.3K-USDT50x
BitgetTradeINFQ/USDTTrading$13.450.0% APR
0.000% every 8h
+22.3 bps-$145.3K$155.9KUSDT20x
HTXTradeINFQ/USDTTrading$13.48+11.0% APR
+0.010% every 8h
+178.3 bps$3.4K$129.9K$1.3KUSDT-
MEXCTradeINFQ/USDTTrading$13.45-325.3% APR
-0.297% every 8h
+25.3 bps$413.7K$114.9K$10.8MUSDT50x
XT.comTradeINFQ/USDTTrading$13.54-11.0% APR
-0.010% every 8h
+37.0 bps$4.3K$84.4K$21.7MUSDT10x
OKXTradeINFQ/USDTTrading$13.540.0% APR
0.000% every 8h
+26.6 bps$21.2K$11.9K$133.7KUSDT10x
Gate.ioTradeINFQ/USDTTrading$13.520.0% APR
0.000% every 8h
+111.0 bps$3.3K$3.8K$31.1KUSDT20x
BingXTradeINFQ-USDTTrading$13.54+5.5% APR
+0.00500% every 8h
+22.9 bps$26.1K$1.6M⚠$1.3KUSDT-
KuCoinTradeINFQ/USDTTrading$13.510.0% APR
0.000% every 8h
+14.8 bps$1.9K$684.7K⚠$117.9KUSDT20x

Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 3 of 11 venues absorb $10k · Typical cost: +27.7 bps – +80.3 bps

Cheapest execution: LBank · +23.9 bps

Too thin: Bitunix, OKX, XT.com, Bybit, KuCoin

No fresh book data: HTX, Gate.io, Bitget

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

INFQ

Tightest spread

INFQ

Highest volume

INFQ

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 3h ago
Market cap
$2.9B
Updated 3h ago
Revenue
$22.1M
Trailing 12 months
Revenue growth
+28%
Next fiscal year
Profit margin
-564.1%
P/E
-7.9
Peer P/E -4.9
Free cash flow
-$9.2M
Trailing 12 months
More metrics
Net income
-$124.6M
Trailing 12 months
P/S
131.9
Peer P/E
-4.9
Similar listed perps
Revenue estimate
$44.8M
Next fiscal year
Earnings
2026-08-12
Revenue $12.6M · Updated 3h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$0
Net margin0.0%
Free cash flow-$2.3M
Net debt-$702.2K
2023$11M
2024$0
2025$0
PeriodRevenueGrowthNet incomeFCF
2023$11M--$52.8M-$51M
2024$0-100%-$51.9K$0
2025$0--$66.9M-$2.3M
PeriodGross marginOperating marginNet marginROEROA
2023+40.5%-509.6%-481.9%+39.0%-73.4%
20240.0%0.0%0.0%+192.9%-32.9%
20250.0%0.0%0.0%-19.3%-15.8%
PeriodCashDebtNet debtCurrent ratio
2023$27.5M$5.1M-$22.4M5.34
2024$0$184.8K$184.8K0.00
2025$702.2K$0-$702.2K0.01
PeriodMarket capEnterprise valueP/SP/E
2023$583.5M$561.1M53.3-11.1
2024$662.4M$662.6M0.0-12.3
2025$866.1M$865.4M0.0-12.9
Q2 2024$0
Q4 2024$9.3M
Q1 2025$8.3M
Q2 2025$0
Q3 2025$0
Q4 2025$0
Q1 2026$9.5M
Q2 2026$12.6M
PeriodRevenueGrowthNet incomeFCF
Q2 2024$0--$7.2K-
Q4 2024$9.3M--$8.3M-$3.7M
Q1 2025$8.3M--$6M$0
Q2 2025$0-$2M-$757.6K
Q3 2025$0--$33.4M-$1.1M
Q4 2025$0-100%-$35.5M-$433.4K
Q1 2026$9.5M+14%-$30.3M-$19.5M
Q2 2026$12.6M--$25.5M$11.8M
PeriodGross marginOperating marginNet marginROEROA
Q2 20240.0%0.0%0.0%0.0%0.0%
Q4 2024+55.0%-73.1%-89.3%+4.5%-9.6%
Q1 2025+40.7%-83.7%-72.1%+13,267.6%-3,502.4%
Q2 20250.0%0.0%0.0%+0.5%+0.5%
Q3 20250.0%0.0%0.0%+16.7%-27.9%
Q4 20250.0%0.0%0.0%-10.3%-8.4%
Q1 2026+21.0%-354.9%-319.9%-5.2%-4.9%
Q2 2026+11.0%-242.5%-201.6%-4.4%-4.0%
PeriodCashDebtNet debtCurrent ratio
Q2 2024---0.00
Q4 2024$47.9M$6.1M-$41.8M3.64
Q1 2025$0$203K$203K0.00
Q2 2025$1.2M$0-$1.2M15.89
Q3 2025$24.9M$5.5M-$19.4M5.06
Q4 2025$702.2K$0-$702.2K0.01
Q1 2026$84.7M$4.9M-$79.8M19.74
Q2 2026$59.3M$14.5M-$44.8M9.43
PeriodMarket capEnterprise valueP/SP/E
Q2 2024$511.9M$00.0-20,800.0
Q4 2024$691.9M$650M74.8-20.8
Q1 2025$245.2M$245.4M29.5-10.1
Q2 2025$259.4M$258.1M0.0-7.1
Q3 2025$866.1M$846.7M0.0-6.5
Q4 2025$866.1M$865.4M0.0-6.1
Q1 2026$1.2B$1.1B122.5-9.4
Q2 2026$2.9B$2.9B231.7-30.3

Refreshed 3h ago

Charts: revenue, profit, cash flow & valuation
Revenue$12.6MQ2 2026
$3.2M$6.3M$9.5M$12.6MQ1 2024: $0Q2 2024: $0Q4 2024: $9.3MQ1 2025: $8.3MQ2 2025: $0Q3 2025: $0Q4 2025: $0Q1 2026: $9.5MQ2 2026: $12.6MQ1 2024Q2 2026
Net income-$25.5MQ2 2026
-$26.1M-$16.8M-$7.4M$2MQ1 2024: -$44.6KQ2 2024: -$7.2KQ4 2024: -$8.3MQ1 2025: -$6MQ2 2025: $2MQ3 2025: -$33.4MQ4 2025: -$35.5MQ1 2026: -$30.3MQ2 2026: -$25.5MQ1 2024Q2 2026
EBITDA-$25.5MQ2 2026
-$26.1M-$16.8M-$7.4M$2MQ1 2024: -$44.6KQ2 2024: -$7.2KQ4 2024: -$5.6MQ1 2025: -$6.2MQ2 2025: $2MQ3 2025: -$33.4MQ4 2025: -$35.5MQ1 2026: -$29.3MQ2 2026: -$25.5MQ1 2024Q2 2026
Free cash flow$11.8MQ2 2026
-$11.7M-$3.8M$4M$11.8MQ1 2024: $0Q4 2024: -$3.7MQ1 2025: $0Q2 2025: -$757.6KQ3 2025: -$1.1MQ4 2025: -$433.4KQ1 2026: -$19.5MQ2 2026: $11.8MQ1 2024Q2 2026
EPS-$0.11Q2 2026
-$0.51-$0.34-$0.17Q1 2024: $0Q2 2024: -$0Q4 2024: -$0.2Q1 2025: -$0.41Q2 2025: -$0.59Q3 2025: -$0.64Q4 2025: -$0.68Q1 2026: -$0.26Q2 2026: -$0.11Q1 2024Q2 2026
Cash / Debt$59.3MQ2 2026
$21.2M$42.3M$63.5M$84.7MQ1 2024 · Cash: $0Q1 2024 · Debt: $152.2KQ4 2024 · Cash: $47.9MQ4 2024 · Debt: $6.1MQ1 2025 · Cash: $0Q1 2025 · Debt: $203KQ2 2025 · Cash: $1.2MQ2 2025 · Debt: $0Q3 2025 · Cash: $24.9MQ3 2025 · Debt: $5.5MQ4 2025 · Cash: $702.2KQ4 2025 · Debt: $0Q1 2026 · Cash: $84.7MQ1 2026 · Debt: $4.9MQ2 2026 · Cash: $59.3MQ2 2026 · Debt: $14.5MQ1 2024Q2 2026
CashDebt
Profitability+11.0%Q2 2026
-252.4%-150.0%-47.5%+55.0%Q1 2024 · Gross margin: 0.0%Q2 2024 · Gross margin: 0.0%Q4 2024 · Gross margin: +55.0%Q1 2025 · Gross margin: +40.7%Q2 2025 · Gross margin: 0.0%Q3 2025 · Gross margin: 0.0%Q4 2025 · Gross margin: 0.0%Q1 2026 · Gross margin: +21.0%Q2 2026 · Gross margin: +11.0%Q1 2024 · Operating margin: 0.0%Q2 2024 · Operating margin: 0.0%Q4 2024 · Operating margin: -73.1%Q1 2025 · Operating margin: -83.7%Q2 2025 · Operating margin: 0.0%Q3 2025 · Operating margin: 0.0%Q4 2025 · Operating margin: 0.0%Q1 2026 · Operating margin: -354.9%Q2 2026 · Operating margin: -242.5%Q1 2024 · Net margin: 0.0%Q2 2024 · Net margin: 0.0%Q4 2024 · Net margin: -89.3%Q1 2025 · Net margin: -72.1%Q2 2025 · Net margin: 0.0%Q3 2025 · Net margin: 0.0%Q4 2025 · Net margin: 0.0%Q1 2026 · Net margin: -319.9%Q2 2026 · Net margin: -201.6%Q1 2024Q2 2026
Gross marginOperating marginNet margin
Revenue growth+13.9%Q1 2026
-71.5%-43.0%-14.5%+13.9%Q4 2025: -100.0%Q1 2026: +13.9%Q1 2024Q2 2026
Shares outstanding219.7MQ2 2026
54.9M109.9M164.8M219.7MQ1 2024: 52.1MQ2 2024: 31.4MQ4 2024: 41.6MQ1 2025: 14.7MQ2 2025: 15.6MQ3 2025: 52.1MQ4 2025: 52.1MQ1 2026: 118.2MQ2 2026: 219.7MQ1 2024Q2 2026
Valuation-30.3Q2 2026
-15,542.1-10,284.2-5,026.2231.7Q1 2024 · P/E: -4,853.7Q2 2024 · P/E: -20,800.0Q4 2024 · P/E: -20.8Q1 2025 · P/E: -10.1Q2 2025 · P/E: -7.1Q3 2025 · P/E: -6.5Q4 2025 · P/E: -6.1Q1 2026 · P/E: -9.4Q2 2026 · P/E: -30.3Q1 2024 · P/S: 0.0Q2 2024 · P/S: 0.0Q4 2024 · P/S: 74.8Q1 2025 · P/S: 29.5Q2 2025 · P/S: 0.0Q3 2025 · P/S: 0.0Q4 2025 · P/S: 0.0Q1 2026 · P/S: 122.5Q2 2026 · P/S: 231.7Q1 2024Q2 2026
P/EP/S
Revenue$02025
$2.7M$5.5M$8.2M$11M2023: $11M2024: $02025: $020232025
Net income-$66.9M2025
-$50.2M-$33.5M-$16.7M2023: -$52.8M2024: -$51.9K2025: -$66.9M20232025
EBITDA-$66.9M2025
-$50.2M-$33.5M-$16.7M2023: -$50.6M2024: -$51.9K2025: -$66.9M20232025
Free cash flow-$2.3M2025
-$38.3M-$25.5M-$12.8M2023: -$51M2024: $02025: -$2.3M20232025
EPS-$1.292025
-$1.13-$0.75-$0.382023: -$1.52024: -$1.352025: -$1.2920232025
Cash / Debt$702.2K2025
$6.9M$13.7M$20.6M$27.5M2023 · Cash: $27.5M2023 · Debt: $5.1M2024 · Cash: $02024 · Debt: $184.8K2025 · Cash: $702.2K2025 · Debt: $020232025
CashDebt
Profitability0.0%2025
-372.0%-234.5%-97.0%+40.5%2023 · Gross margin: +40.5%2024 · Gross margin: 0.0%2025 · Gross margin: 0.0%2023 · Operating margin: -509.6%2024 · Operating margin: 0.0%2025 · Operating margin: 0.0%2023 · Net margin: -481.9%2024 · Net margin: 0.0%2025 · Net margin: 0.0%20232025
Gross marginOperating marginNet margin
Revenue growth-100.0%2024
-75.0%-50.0%-25.0%2024: -100.0%20232025
Shares outstanding52.1M2025
13M26M39M52.1M2023: 35.1M2024: 39.8M2025: 52.1M20232025
Valuation-12.92025
3.620.236.753.32023 · P/E: -11.12024 · P/E: -12.32025 · P/E: -12.92023 · P/S: 53.32024 · P/S: 0.02025 · P/S: 0.020232025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-08-12
Revenue $12.6M · Updated 3h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-0.21$44.8M-2
FY 2027-0.24$56.2M-2
FY 2028-0.35$73.4M-1
FY 2029-0.70$90.2M-1
Q3 2026-0.07$11.2M-1
Q4 2026-0.09$11.8M-1

Company events

3
2026-08-12Earnings · After market closeActual -0.06 / Estimate -0.05Miss
2026-05-14EarningsActual -0.09 / Estimate --
2026-04-08EarningsActual -0.12 / Estimate --

Peer comparison

Similar listed perps

FMP company data

Company intelligence

Updated: Sep 18, 2026, 07:19 AM UTC

Company profile

Sector
Technology
Industry
Computer Hardware
Chief executive
Matthew John Kinsella
Employees
204
IPO date
Feb 17, 2026
Country
US
Exchange
New York Stock Exchange
Website
Altman Z-scorei24.36
Piotroski scorei2/9
FMP ratingiC
Owner earningsi$15.73M$0.07 per share
ESG risk ratingiBIndustry rank: 19 out of 41

Rating factors

Return on equityi
1
Return on assetsi
1
Debt to equityi
4
Price to earningsi
1
Price to booki
2
Market cap history
$3.06B+94.3%Jun 26 – Sep 26
$1.07B$2.07B$3.06BLow: $1.07B · 2026-07-20Latest: $3.06B · 2026-09-17Jun 26Jul 26Aug 26Sep 26
Latest: $3.06B · 2026-09-17High: $3.06B · 2026-09-17Low: $1.07B · 2026-07-20
Largest fund holders
FundWeightShares held
QTUM1.16%4.8M
IWM0.05%3.1M
XSU.TO0.05%3.1M
VXF0.02%1.7M
QNTG.L2.27%1.5M
VTI0%1.4M
FSSNX0.05%1.3M
WQTM4.75%1.2M
QWTM.L4.59%1.2M
VB0.01%988.4K
SCHA0.04%716.4K
VTWO0.05%676.6K

Analyst track record

How the analysts covering INFQ have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings2121
Analysts77
Buy / hold / sell21 / 0 / 021 / 0 / 0
Upgrades / downgrades / initiations0 / 0 / 80 / 0 / 8
Price targets hit / missed0 / 17 (0%)0 / 17 (0%)
Avg. return after a rating (TipRanks)-32.6%-32.6%
Best / worst call-24.7% / -37.8%-24.7% / -37.8%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Sep 29, 2026Jesse Sobelson, CFABTIGBuyReiterated$25.00
Sep 25, 2026Jesse Sobelson, CFABTIGBuyReiterated$25.00
Sep 24, 2026Jesse Sobelson, CFABTIGBuyMaintained$22.00
Sep 24, 2026Richard ShannonCraig-HallumBuyMaintained–
Sep 21, 2026Craig EllisB. Riley SecuritiesBuyReiterated$23.00
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$10.00$12.00$14.00$16.00$18.00$20.00$22.00Oct 25 · Buy 0 · Hold 0 · Sell 0Oct 25Nov 25 · Buy 0 · Hold 0 · Sell 0Dec 25 · Buy 0 · Hold 0 · Sell 0Dec 25Jan 26 · Buy 0 · Hold 0 · Sell 0Feb 26 · Buy 0 · Hold 0 · Sell 0Feb 26Mar 26 · Buy 0 · Hold 0 · Sell 0Apr 26 · Buy 2 · Hold 0 · Sell 0Apr 26May 26 · Buy 2 · Hold 0 · Sell 0Jun 26 · Buy 3 · Hold 0 · Sell 0Jun 26Jul 26 · Buy 5 · Hold 0 · Sell 0Aug 26 · Buy 6 · Hold 0 · Sell 0Aug 26Sep 26 · Buy 7 · Hold 0 · Sell 0Apr 26 · avg. target $21.00May 26 · avg. target $21.00Jun 26 · avg. target $20.67Jul 26 · avg. target $20.60Aug 26 · avg. target $21.20Sep 26 · avg. target $22.00Jan 26 · month-end close $13.50Feb 26 · month-end close $11.64Mar 26 · month-end close $9.81Apr 26 · month-end close $11.89May 26 · month-end close $16.22Jun 26 · month-end close $13.32Jul 26 · month-end close $9.83Aug 26 · month-end close $13.07Sep 26 · month-end close $14.51

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 30, 2026 · 21 ratings

Frequently asked questions

Where can I trade INFQ perpetual futures?

Infleqtion, Inc. (INFQ) perpetual futures trade on 11 crypto venues, including Bitunix, BingX, KuCoin. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade INFQ around the clock?

Yes. Unlike the underlying stock, INFQ perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on INFQ perpetuals?

Right now the INFQ perp funding rate is +8.9% annualized (venue median), ranging from +8.9% to +8.9% across 11 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the INFQ perp price compare to the Infleqtion, Inc. stock?

The venue-median INFQ perp mark is $13.5 versus a reference stock price of $13.5, a basis of +0.4%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a INFQ perpetual future?

A INFQ perpetual is a derivative that tracks the price of Infleqtion, Inc. with no expiry date. It lets you take long or short exposure to Infleqtion, Inc. on crypto venues, around the clock.

What is INFQUSDT perpetual?

INFQUSDT is the symbol most crypto exchanges use for the Infleqtion, Inc. perpetual settled in USDT (Tether). It tracks the INFQ share price through an index, trades 24/7 with leverage and never expires.

Embed this asset

INFQ perpetuals · perpequities.comINFQ perpetuals · perpequities.com
<a href="https://perpequities.com/stocks/infq-perp"><img src="https://perpequities.com/badge/infq-perp.svg" width="240" height="64" alt="INFQ perpetuals · perpequities.com" loading="lazy"></a>

Next step

Stay on top of INFQ perps

Signals with a track record

Analysts who hit 70%+ of their targets on the perps we track, congress buys over $500k, 13F positions over $5M, funding spreads that have paid for days. Every post shows the evidence. Free, no sign-up.

Join on Telegram

Weekly digest by email

The listings, funding and moves that matter for INFQ — one email every Sunday.

Watchlist and alerts

Price and funding alerts for INFQ, via push or Telegram.

Set an alert

Follow the live feed

Daily movers, new listings and funding extremes as they happen.

Follow on X