earnings
confidence high
sentiment neutral
materiality 0.80
X-energy Q1 revenue $43.4M (+109% YoY); IPO net $1.1B; lock-up ends Sept 1
X-Energy, Inc.
- Revenue and grant income $43.4M (+109% YoY); operating expenses $109.5M; cash used in ops $67.3M.
- Closed IPO April 27 raising ~$1.1B net; total liquidity $944M as of March 31; no debt.
- NRC issued FONSI for Dow Seadrift; Part 70 license for TRISO-X fuel; TX-1 construction on schedule for H1 2028.
- Signed 10-year graphite supply deal with SGL Carbon; MOU with IHI; LOI with Talen for up to 12 Xe-100 units in PJM.
- Lock-up for insiders ends Sept 1, 2026 (originally Oct 20) due to blackout provision; shares become eligible for sale.