Terrestrial Energy Reports Second Quarter 2026 Results
Terrestrial Energy (IMSR) reported a second quarter net loss of $9.4 million, compared with a net loss of $10.5 million in the first quarter. The company ended the quarter with $283.4 million in cash, cash equivalents and investments.
The company said the U.S. Nuclear Regulatory Commission approved its Postulated Initiating Events methodology Topical Report. Terrestrial Energy also signed Texas A&M agreements covering development activities and ground leases at the RELLIS site.
- Loss per common share, basic and diluted, was $0.09 for the second quarter.
- Cash burn was $6.4 million, down $1.5 million from the first quarter.
- Second quarter operating expenses were $11.7 million.
- The company increased its estimated cumulative lifetime revenue per IMSR Plant to $2.7 billion from $2.1 billion.
- Blended gross margin for estimated unit economics was raised to 33%.
- Terrestrial Energy updated its 2050 serviceable addressable market estimate to $2.3 trillion.
- The company ended the quarter with 105.9 million shares issued and outstanding.
