Earnings Releases·Nov 2, 2026, 7:30 AM ET

Lightbridge Corporation — Third Quarter Fiscal 2026 Earnings Summary

Reported a net loss of $8.3 million ($0.23 per share) for Q3 2026, widening from $4.1 million ($0.16 per share) in the prior-year period, with full-year nine-month losses reaching $20.4 million ($0.62 per share) versus $12.4 million ($0.55 per share) previously; revenue remained $0 for both periods.
Cash and cash equivalents increased to $236.7 million at September 30, 2026, driven by $48.9 million in net proceeds from the ATM program and $5.2 million in other income, while G&A and R&D expenses rose significantly year-over-year.
Secured selection for the DOE Nuclear Energy Launch Pad INL program to design and operate the Lightbridge Fuel™ Pilot Factory (SHED) and obtained a notice of allowance for a multi-zone fuel element patent from the Japan Patent Office.
Management anticipates accelerating commercialization by transitioning directly from Advanced Test Reactor loop irradiation testing to lead test assemblies in commercial plants, bypassing intermediate fuel rod segment deployment.
Authorization to construct and operate the Pilot Factory remains contingent on additional DOE/INL agreements, reviews, and regulatory approvals, with forward-looking risks centered on development timelines and market adoption.