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Terrestrial Energy — Third Quarter 2026 Earnings Summary

  • Reported a net loss of $11.0 million for Q3 2026, widening from $9.4 million in Q2 2026 and $9.4 million in Q3 2025, driven by a 29.4% increase in R&D expenses to $4.4 million and an 80.9% rise in G&A expenses to $8.5 million.
  • Completed 2026 guidance by submitting at least three Topical Reports to the NRC, including the Graphite Topical Report, while announcing a $25 million share repurchase program authorized subsequent to the quarter end.
  • Secured selection as the advanced nuclear technology supplier for Ameresco's project at the U.S. Army's Aberdeen Proving Ground and commenced engineering work with Zachry Nuclear for the Texas A&M-RELLIS site.
  • Management expects cash burn to increase in future quarters as the company ramps up projects TETRA and TEFLA, with cash and investments declining to $276.3 million at quarter-end from $283.4 million in Q2.
  • No debt outstanding with total liabilities at $8.6 million; the company aims to achieve fleet deployment of IMSR Plants across multiple U.S. sites in the 2030s.
Company
TERRESTRIAL ENERGY INC
Sector
Utilities
Industry
Utilities - Regulated Electric