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Terrestrial Energy Reports Third Quarter 2026 Results

IMSRAMRC
  • Terrestrial Energy selected as advanced nuclear technology supplier for Ameresco's project at the U.S. Army's Aberdeen Proving Ground, extending its commercial pipeline into the federal government & defense sectors.
  • Submitted two topical reports to the U.S. Nuclear Regulatory Commission (NRC) in 2026, completing its guidance of at least three submissions for the year.
  • Submitted the Graphite Topical Report seeking approval to qualify graphite for the IMSR Core-unit.
  • Submitted the Thermal & Electric Facility (TEF) Topical Report seeking confirmation that the TEF is a non-nuclear part of the plant that does not require NRC permits or licenses.
  • Commenced engineering work with Zachry Nuclear to support site characterization & NRC Construction Permit application work at the Texas A&M-RELLIS site.
  • Developed fuel, component, & services supply for Projects TETRA & TEFLA.
  • Appointed David Williams as Chief Commercial Officer effective October 19, 2026, following his appointment after the quarter ended.
  • Reported a net loss of $11.0 million for the third quarter ended September 30, 2026, compared to $9.4 million in the second quarter of 2026.
  • R&D expenses increased by $0.9 million due to fuel testing & lease costs related to RELLIS.
  • General & administrative expenses increased by $0.5 million driven by stock-based compensation for new hires.
  • Ended the third quarter with $276.3 million in cash & cash equivalents & short-term investments, down from $283.4 million at the end of the second quarter.
  • Reported a cash burn of $7.1 million for the quarter, an increase of $0.7 million compared to the previous quarter, largely due to higher R&D activity.
  • Ended the third quarter with 105.9 million shares issued & outstanding, unchanged from the previous quarter end.
  • Authorized a share repurchase program of up to $25 million of the Company's common stock subsequent to the quarter end.
  • Total liabilities stood at $8.6 million with no debt outstanding as of September 30, 2026.
  • Terrestrial Energy is developing Generation IV molten salt nuclear plants (IMSR) designed to supply low-cost, reliable heat & electricity for industrial applications.