secwatch.observer — SEC 8-K summary
======================================

Issuer:     X-Energy, Inc. (XE)
CIK:        0002088896
Form:       8-K
Filed at:   2026-06-04T10:05:22+00:00
Accession:  0001193125-26-256369
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2088896/000119312526256369/0001193125-26-256369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2088896/000119312526256369/xe-20260604.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-256369

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer