---
title: "Churchill Capital XI - Unit | 10-Q: FY2026 Q1 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286310411.md"
datetime: "2026-05-13T20:13:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286310411.md)
  - [en](https://longbridge.com/en/news/286310411.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286310411.md)
---

# Churchill Capital XI - Unit | 10-Q: FY2026 Q1 Revenue: USD 0

Revenue: As of FY2026 Q1, the actual value is USD 0.

EPS: As of FY2026 Q1, the actual value is USD 0.06.

EBIT: As of FY2026 Q1, the actual value is USD -3.919 M.

### Financial Performance for the Three Months Ended March 31, 2026

Churchill Capital Corp XI, a blank check company, has not generated any operating revenues to date, with activities focused on organizational efforts and identifying acquisition candidates. The company generates non-operating income from interest on investments held in its Trust Account .

#### Operational Metrics

-   **Net Income**: The company reported a net income of $3,171,373 .
-   **Interest Income**: This net income primarily consists of interest earned on marketable securities and cash held in the Trust Account, totaling $3,545,046 .
-   **General and Administrative Costs**: These costs amounted to $373,673 .
-   **Net Cash Used in Operating Activities**: The company used - $326,107 in operating activities for the three months ended March 31, 2026 .

#### Financial Position as of March 31, 2026

-   **Cash in Operating Account**: $410,097 .
-   **Working Capital**: $635,351 .
-   **Marketable Securities and Cash in Trust Account**: $418,094,829, which includes approximately $4,094,829 of interest income .
-   **Available for Permitted Withdrawals**: $4,094,829 from funds earned on the Trust Account was available for Permitted Withdrawals . On April 16, 2026, $1,000,000 was withdrawn from the Trust Account for working capital purposes .
-   **Deferred Underwriting Fee**: A deferred underwriting fee payable of $15,990,000 is outstanding .

### Future Outlook and Strategy

Churchill Capital Corp XI is actively seeking a target for a Business Combination in an industry where its management team’s expertise can provide a competitive advantage . The company has until December 18, 2027 (or potentially longer under specific conditions) to complete this combination, with substantially all funds in the Trust Account intended for this purpose . While the company believes it has sufficient funds for working capital for at least one year, it acknowledges potential needs for additional financing if costs exceed estimates or if significant public shares are redeemed .

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