Earnings Releases·Nov 12, 2026, 6:04 AM ET

X-energy — Third Quarter 2026 Earnings Summary

Total revenues and grant income surged 118% year-over-year to $66.3 million for Q3 2026 and 126% to $164.4 million for the nine-month period, driven primarily by $29.3 million and $85.0 million respectively from the DOE's ARDP agreement.
The company reported a net loss of $59.4 million for Q3 and $118.5 million for the nine months, with operating expenses rising 139% and 143% year-over-year due to expanded ARDP activity and non-cash equity-based compensation.
Strategic milestones include securing the first NRC construction permit for an advanced nuclear industrial deployment (Dow's Long Mott project), receiving a 40-year license for the TX-1 fuel facility, and executing a Joint Development Agreement with AEP and Amazon for a 960 MW project in Indiana.
The IPO completed in April 2026 generated $1.1 billion in net proceeds, resulting in $1.8 billion in total liquidity and zero debt outstanding as of September 30, 2026.
The project pipeline now comprises 144 reactors totaling approximately 11.5 gigawatts electric, with management targeting over 5 GW of new nuclear capacity on the U.S. grid by 2039.