--- title: "Lightbridge | 8-K: FY2026 Q1 Revenue: USD 0" type: "News" locale: "en" url: "https://longbridge.com/en/news/284269872.md" datetime: "2026-04-27T21:02:32.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284269872.md) - [en](https://longbridge.com/en/news/284269872.md) - [zh-HK](https://longbridge.com/zh-HK/news/284269872.md) --- # Lightbridge | 8-K: FY2026 Q1 Revenue: USD 0 Revenue: As of FY2026 Q1, the actual value is USD 0. EPS: As of FY2026 Q1, the actual value is USD -0.2. EBIT: As of FY2026 Q1, the actual value is USD -9.019 M. ### Operational Metrics #### Net Loss Lightbridge Corporation reported a net loss of -$6,344,839 for the quarter ended March 31, 2026, compared to a net loss of -$4,771,012 for the quarter ended March 31, 2025 . #### Operating Loss Operating loss for Lightbridge Corporation was -$7,682,147 for the quarter ended March 31, 2026, compared to -$5,145,923 for the quarter ended March 31, 2025 . #### Operating Costs General and administrative expenses amounted to $4,334,520 for the quarter ended March 31, 2026, an increase of $0.8 million from $3,480,010 for the quarter ended March 31, 2025 . This increase was primarily due to a $0.7 million rise in stock-based compensation for employees, contractors, and directors, and a $0.1 million increase in other administrative expenses . Total R&D expenses were $3,347,627 for the quarter ended March 31, 2026, an increase of $1.6 million from $1,665,913 for the quarter ended March 31, 2025 . The R&D increase was mainly due to a $1.0 million increase in allocated employee compensation and stock-based compensation, a $0.5 million increase in IT expenses, and a $0.1 million increase in other outside R&D expenses . ### Cash Flow #### Cash Used in Operating Activities Cash used in operating activities for the quarter ended March 31, 2026, was -$4,770,408, an increase of $1.5 million compared to -$3,299,853 for the quarter ended March 31, 2025 . This increase was primarily due to higher cash expenditures on R&D and general and administrative expenses, partially offset by increased interest income . #### Cash Provided by Financing Activities Cash provided by financing activities for the quarter ended March 31, 2026, was $18,587,048, a decrease of $1.6 million compared to $20,239,014 for the quarter ended March 31, 2025 . This decrease was attributed to a $1.6 million reduction in net proceeds from common stock issuance and a $0.2 million decrease in net proceeds from stock option exercises, partially offset by a $0.2 million decrease in withholding taxes for equity awards . ### Unique Metrics #### Working Capital Working capital was approximately $215.8 million at March 31, 2026, compared to $201.7 million at December 31, 2025 . #### Cash and Cash Equivalents Lightbridge Corporation had cash and cash equivalents of $215,671,445 at March 31, 2026, an increase of $13.8 million from $201,862,421 at December 31, 2025 . #### Total Assets Total assets were $218,937,386 at March 31, 2026, compared to $203,834,795 at December 31, 2025 . #### Total Liabilities Total liabilities were $1,291,564 at March 31, 2026, compared to $847,451 at December 31, 2025 . #### Stockholders’ Equity Stockholders’ equity was $217,645,822 at March 31, 2026, compared to $202,987,344 at December 31, 2025 . #### Total Other Income Total other income, consisting of interest income, was $1,337,308 for the quarter ended March 31, 2026, compared to $374,911 for the quarter ended March 31, 2025, driven by higher average cash balances . #### Stock-Based Compensation Total stock-based compensation included in General and Administrative expenses was $1.8 million for the three months ended March 31, 2026, and $1.1 million for the three months ended March 31, 2025 . Total stock-based compensation included in Research and Development expenses was $0.7 million for the three months ended March 31, 2026, and $0.2 million for the three months ended March 31, 2025 . ### Outlook / Guidance Lightbridge Corporation expects Lightbridge Fuel to enable power uprates of up to 30% or more for new-build water-cooled reactors, operating approximately 1,000 degrees Celsius cooler . For existing light-water reactors, Lightbridge Fuel is expected to enable power uprates of up to 20% or more and extend the fuel cycle length . 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