Earnings Releases·Nov 12, 2026, 7:00 AM ET

Standard Nuclear — Third Quarter 2026 Earnings Summary

Total revenue surged to $6.0 million in Q3 2026 from $0.9 million year-over-year, while the nine-month revenue reached $11.3 million against $1.8 million; net loss widened to $13.1 million ($0.10/share) for the quarter compared to $3.2 million ($0.12/share) previously.
Cash and cash equivalents rose to $223.1 million with no debt, and total contract backlog increased to $577.2 million (up from $241.5 million in June), with funded backlog nearly doubling to $119.6 million.
The company targets DOE authorization to operate its Tennessee and Idaho facilities in February 2027 to begin HALEU TRISO production, with a combined design capacity of 5 MTU annually.
Strategic milestones include the delivery of the first commercial reactor core (Kaleidos), new fuel supply agreements with Radiant Industry and Antares Nuclear, and a $7.0 million ARPA-E award for recycled transuranic fuel development.
No changes to financial guidance were reported; the company remains focused on converting funded backlog to revenue and securing regulatory approvals for scaled operations.