Luke May

Hebrews 12:11

[Luke May @WeatherManMayy]

@smarter411 you have levels to downside? i took puts on meta instead of msft earlier

[Luke May @WeatherManMayy]

@smarter411 Yes its most definitely a put lol

[Luke May @WeatherManMayy]

@smarter411 LITE #'s ?

[Luke May @WeatherManMayy]

@smarter411 Any thoughts on ANET $180 w avgo earnings

[Mason @miscomputate]

$INFQ If you get anything out of this post, look at the graphs at the bottom.

I excluded $IONQ from this comparison because it is already the larger, more established quantum name. This is focused on the smaller public quantum names where the re-rating debate is less settled.

Now that $INFQ @infleqtion has its first quarterly report out, let’s talk quantum re-rating.

I finally feel comfortable saying it:

Some of this valuation spread is bullshit.

Barron’s recently highlighted analyst coverage calling $IONQ and $XNDU top quantum picks, with $XNDU getting targets in the $40s.

Fine. But now compare this public quantum group on basic Wall Street stuff:

Q1 revenue vs burn/loss proxy:

$INFQ: $9.5M revenue / $13.2M non-GAAP operating loss

$RGTI: $4.4M revenue / ~$14.7M non-GAAP net loss

$XNDU: $2.8M revenue / $13.9M adjusted EBITDA loss

$QBTS: $2.9M revenue / $32.8M adjusted EBITDA loss

$QUBT: $3.7M revenue / ~$19.8M operating expense base

This is not about which modality has the sexiest story. This is revenue today, burn discipline, commercial traction, balance sheet strength, and path to scale.

On that basis, $INFQ looks mispriced.

More revenue than several peers. Better revenue-to-burn efficiency. $569M in cash/securities. 100% organic quantum revenue. 2026 guide updated to “at least $40M.”

Not risk-free. Not guaranteed. Not moon tomorrow.

But if analysts can justify premium targets on quantum names with lower revenue and similar or worse burn, then $INFQ sitting in the penalty box makes less and less sense.

The re-rating argument just got a lot stronger.

Graphs:

1. Q1 only — revenue vs reported Q1 burn/loss proxy.

2. Trailing 12 months — revenue vs operating cash burn, using FY2025 - Q1 2025 + Q1 2026.

3. No guidance chart included — because none of the other names here gave formal 2026 revenue guidance in their Q1 releases. $INFQ is the exception, as they are the only one formally guiding, and guiding to at least $40M.

Not perfect apples-to-apples.

But the point is clear:

$INFQ is much closer to revenue/burn balance than the market is pricing.

[Uncensored.AI @GoUncensored]

@FirstSquawk Duuuuuuuuuuuh.

[Cincinnati Reds @Reds]

YOUR CINCINNATI REDS ARE GOING TO THE
POSTSEASON

[Trent Salyers @tsalyers_5]

One day, I will help hundreds of people with substance abuse and mental health issues. I feel like it’s all I see anymore.. Something has got to change, life is too beautiful ❤️

[حفصة @muslimthoughtz1]

pray a lot!! pray for everything, even/especially if it seems silly or impossible or ridiculous and you can barely voice it. pray for the little things and the big things and everything in between. keep that connection between you and God open all day, every day.

[Evan Dahm @evan_dahm]

You were taught, with regard to your former way of life, to put off your old self, which is being corrupted by its deceitful desires; to be made new in the attitude of your minds; and to put on the new self, created to be like God in true righteousness and holiness.
Eph. 4:22-24

[Nick @nickolasmarvin]

Please don’t 2020 has been bad enough

[Ant 🏀 @ABizzle711]

Financing a $70,000 car on a $40,000 salary isnt “adulting”

That’s called being stupid 😂😂

[Austin May @austinmayGG]

Bitcoin

[justbtoyou @Breaunaaaa_]

No lie, my 20’s are teaching me patience. You can’t have everything at the moment.

[Luke May @WeatherManMayy]

@tyler_lingle 100 percent correct my man!

[Logan @DaniellLogan]

So my little brother was diagnosed with Type 1 diabetes, and me & Chase forgot how to act😂

[caleb varacalli @varacalli15]

me: do you ever just think about how many times something you’ve said or done is sent in a group message and how it may have totally defined how an entire group of people see you as a person

the speaker in the taco bell drive through: so was that a no on the mild sauce or

[TClax @T_Clax3]

Without Twitter we wouldn’t have gotten spicy chicken nuggets back. But I also wouldn’t know who James Charles is. Win some lose some

[Darren Harman @darrenharman__]

What did I just witness in Chick-fil-A🤣😭