Earnings ·
Terrestrial Energy reports $11.0M Q3 net loss, authorizes $25M share buyback
HONDTerrestrial Energy Inc.
Terrestrial Energy Inc. reported a net loss of $11.0 million for the third quarter ended September 30, 2026, widening from a $9.4 million loss in the second quarter due to increased R&D and stock-based compensation expenses. The company held $276.3 million in cash and short-term investments with no debt. Subsequent to the quarter end, management authorized a share repurchase program of up to $25 million funded by existing cash. Commercially, Terrestrial Energy was selected as the advanced nuclear technology supplier for Ameresco’s power project at the U.S. Army’s Aberdeen Proving Ground and submitted two topical reports to the Nuclear Regulatory Commission. The company develops Generation IV molten salt nuclear plants.