X-energy posts $43M Q1 in first public quarter, $2B liquidity

X-energy on June 4 reported its first quarterly results as a public company, with Q1 2026 revenues and grant income of $43 million (up from $21M YoY), a $166.2M net loss, and $944M of cash at quarter-end that swells to about $2.05B once the roughly $1.1B in net IPO proceeds from its April 24 Nasdaq debut are included. Alongside the financials, X-energy disclosed the NRC's Finding of No Significant Impact for Dow's Seadrift advanced reactor project, a TRISO-X Part 70 fuel fabrication license, an MOU with IHI Corporation for HTGR components, and a graphite supply agreement with SGL Carbon.