Churchill Capital Corp X (CCCXU) Financial Statements

Income statement

Metric	TTM	2025	2024	2023
Revenue
Total Revenue	9.3M	—	—	10.9M
Cost of Revenue	4.2M	—	19.8M	6.5M
Gross Profit	5.1M	—	9.1M	4.4M
Operating Expenses
R&D Expense	4.7M	—	22.3M	33.8M
SG&A Expense	8.6M	2.0M	51.9K	27.7M
General & Admin Expense	7.9M	2.0M	51.9K	22.9M
Selling & Marketing Expense	717.0K	—	—	4.9M
Other Expenses	6.1M	—	(22.3M)	(1.3M)
Total Operating Expenses	19.3M	2.0M	51.9K	60.2M
Cost and Expenses	23.5M	—	51.9K	66.7M
Operating Income (EBIT)	(14.2M)	(8.0M)	(53.0M)	(55.8M)
Non-Operating
Interest Income	6.7M	—	1.2M	3.2M
Interest Expense	—	—	—	—
Net Interest Income	6.7M	—	1.2M	3.2M
Other Non-Op Income/Expense	(25.5M)	(58.9M)	(758.0K)	3.0M
Non-Operating Income (excl Interest)	(335.0K)	—	—	—
EBT (Pre-Tax Income)	(39.7M)	(66.9M)	(53.8M)	(52.8M)
Income Tax Expense	(5.0K)	—	(2.0K)	—
Bottom Line
Net Income	(39.7M)	(66.9M)	(51.9K)	(52.8M)
Earnings from Cont. Ops	(39.7M)	(66.9M)	(53.8M)	(52.8M)
Earnings from Discont. Ops	—	—	—	—
Bottom Line Net Income	(39.7M)	(66.9M)	(51.9K)	(52.8M)
Per Share
Basic EPS	($0.58)	($1.85)	($0.00)	$0.00
Diluted EPS	($0.58)	($1.85)	($0.00)	$0.00
Revenue Per Share	$0.22	$0.00	$0.00	—
Shares
Basic Shares Outstanding	41.7M	26.3M	52.0M	—
Diluted Shares Outstanding	41.7M	26.3M	52.0M	—
Profitability Metrics
EBITDA	(13.1M)	(8.0M)	(51.9K)	(53.7M)
D&A	795.0K	—	—	2.1M
EBIT	(13.9M)	—	(51.9K)	(55.8M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Dec 1, 2025