---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-256369"
form_type: "8-K"
ticker: "XE"
cik: "0002088896"
company_name: "X-Energy, Inc."
filed_at: "2026-06-04T10:05:22+00:00"
generated_at: "2026-06-04T10:12:27.443185+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# X-energy Q1 revenue $43.4M (+109% YoY); IPO net $1.1B; lock-up ends Sept 1

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-256369
- form_type: 8-K
- ticker: XE
- cik: 0002088896
- company_name: X-Energy, Inc.
- filed_at: 2026-06-04T10:05:22+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2088896/000119312526256369/0001193125-26-256369-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2088896/000119312526256369/xe-20260604.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-256369
- JSON: https://secwatch.observer/filing/0001193125-26-256369.json
- Plain text: https://secwatch.observer/filing/0001193125-26-256369.txt

## Key facts
- Earnings Releases
  X-Energy, Inc. reported the three months ended March 31, 2026 results: revenue $43 million.
  - Period: the three months ended March 31, 2026
  - Revenue: $43 million
  - Result: reported results
  source text: Revenues and grant income of $43 million, compared to revenues and grant income of $21 million in 1Q 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/2088896/000119312526256369/0001193125-26-256369-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.