X-energy Q2 revenue $54.6M (+154% YoY); IPO net $1.1B, liquidity $1.9B

X-Energy, Inc.

Q2 revenues and grant income $54.6M vs $21.5M YoY; six-month $98.0M vs $42.3M (+132%).
Operating expenses $164.6M in Q2 (+156% YoY) on ARDP work, headcount, and equity comp; net cash used in ops $97.3M.
Closed IPO April 27 raising ~$1.1B net; total liquidity $1,899.8M, no debt outstanding.
Signed long-term HALEU enrichment deals with Centrus and General Matter; $8M investment with SGL Carbon to double graphite capacity.
DOE ARDP budget extended to March 2027; $11M Tennessee grant; acquired 70 acres for fuel campus; joined Project Prometheus with $10M.

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