NASDAQ: XE
X-Energy, Inc.CIK 0002088896 · Fabricated Plate Work (Boiler Shops)
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X-energy debuts post-IPO with $1.1B raised, unresolved control weakness, first reactor years away
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X-Energy insiders cleared to sell shares 49 days early as lock-up ends September 1
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X-Energy furnishes investor presentation under Reg FD, no material business updates disclosed
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Latest financial statements
From 10-Q filed Jun 4, 2026 (period ending Mar 31, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Q1 ended Mar 31, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 43.4 | 20.8 |
| Cost of revenue / cost of sales | 65.4 | 28.7 |
| Operating expenses: | ||
| Research and development | 0.06 | 0.4 |
| Selling, general and administrative | 44.1 | 18.0 |
| Total operating expenses | 109.5 | 47.1 |
| Operating income | (66.1) | (26.3) |
| Interest expense | — | 0.1 |
| Other income/(expense), net | (100.1) | 16.1 |
| Net income | (166.2) | (10.2) |
Consolidated Balance Sheets (Unaudited)
| Description | Mar 31, 2026 | Dec 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 224.1 | 458.9 |
| Short-term investments | 449.5 | 304.9 |
| Accounts receivable, net | 22.0 | 32.9 |
| Other receivables, net | 4.2 | 4.6 |
| Prepaid expenses and other current assets | 23.5 | 11.5 |
| Other current assets | 51.2 | 41.5 |
| Total current assets | 774.4 | 854.4 |
| Property, plant and equipment, net | 73.4 | 50.1 |
| Operating lease right-of-use assets, net | 23.5 | 22.7 |
| Deferred income taxes and other assets | 50.1 | 18.9 |
| Other long-term assets | 274.6 | 265.2 |
| TOTAL ASSETS | 1,196 | 1,211 |
| Current liabilities: | ||
| Accounts payable | 10.0 | 3.4 |
| Current portion of operating lease liabilities | 2.6 | 2.3 |
| Accrued liabilities | 4.3 | 4.2 |
| Deferred revenue, current | 3.8 | 0.1 |
| Other current liabilities | 68.6 | 48.7 |
| Total current liabilities | 89.3 | 58.8 |
| Long-term debt | — | — |
| Operating lease liabilities | 24.8 | 20.9 |
| Other long-term liabilities | 35.9 | 289.3 |
| Total liabilities | 150.1 | 369.0 |
| Redeemable preferred stock | 2,432 | 2,067 |
| Shareholders' equity: | ||
| Capital in excess of stated value | 16.6 | 12.2 |
| Accumulated other comprehensive income (loss) | 0.03 | (0.1) |
| Retained earnings (deficit) | (1,403) | (1,236) |
| Total shareholders' equity | (1,386) | (1,224) |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 1,196 | 1,211 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Q1 ended Mar 31, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | (67.3) | (41.9) |
| Investing Activities: | ||
| Net cash from investing activities | (166.0) | (1.7) |
| Financing Activities: | ||
| Net cash from financing activities | (1.1) | 50.9 |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗