X-Energy reported a significant revenue beat for the second quarter 2026, though earnings fell short of analyst estimates. Total revenue and grant income jumped 154% year-over-year to $54.6 million, fueled by accelerated Xe-100 reactor design activities under the DOE’s Advanced Reactor Demonstration Program. The wider-than-expected net loss of $0.21 per share was primarily attributed to increased headcount and substantial post-IPO non-cash equity compensation totaling $33.3 million.
Key Highlights
- Total liquidity reached $1.9 billion with zero debt following the closing of a $1.1 billion IPO in April 2026.
- Strategic HALEU enrichment and nuclear-grade graphite supply agreements were secured to de-risk the commercial deployment pipeline.
- Vertical construction of the TX-1 fuel facility remains on schedule, with interior build-out set to commence in the third quarter 2026.