---
title: "Terrestrial Energy | 10-Q: FY2026 Q1 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286465937.md"
datetime: "2026-05-14T20:45:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286465937.md)
  - [en](https://longbridge.com/en/news/286465937.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286465937.md)
generator: "portal-rs"
---

# Terrestrial Energy | 10-Q: 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 -0.1.

EBIT: As of FY2026 Q1, the actual value is USD -13.38 M.

Terrestrial Energy Inc. operates as a single reportable segment, focusing on the development of its Integral Molten Salt Reactor (IMSR) nuclear plant technology.

#### Operating Expenses

For the three months ended March 31, 2026, research and development costs increased to $4,566 thousand from $1,408 thousand in the prior year, representing a 224% increase. General and administrative expenses rose by 122% to $7,304 thousand from $3,289 thousand. Depreciation and amortization decreased by 66% to $61 thousand from $181 thousand. Total operating expenses for the period were $11,931 thousand, a 145% increase from $4,878 thousand in the previous year.

#### Operating Loss

Terrestrial Energy Inc. reported an operating loss of - $11,931 thousand for the three months ended March 31, 2026, compared to - $4,878 thousand for the same period in 2025, which is a 145% increase in loss.

#### Other Income (Expense)

Government grants increased by 109% to $48 thousand from $23 thousand. Interest expense decreased by 100% to - $2 thousand from - $1,231 thousand. Interest expense – related party also decreased by 100% to $0 from - $140 thousand. Interest and dividend income significantly increased by 36,225% to $1,453 thousand from $4 thousand. Foreign exchange loss slightly increased by 13% to - $34 thousand from - $30 thousand. Total other income (expense) was $1,465 thousand, compared to - $1,374 thousand in the prior year.

#### Net Loss

Net loss before income tax was - $10,466 thousand for the three months ended March 31, 2026, compared to - $6,252 thousand in 2025. The company reported a net loss of - $10,503 thousand for the three months ended March 31, 2026, an increase of 68% from - $6,252 thousand in the prior year.

#### Cash Flow

Net cash used in operating activities increased to - $9,093 thousand for the three months ended March 31, 2026, from - $2,760 thousand in the same period of 2025. Net cash used in investing activities increased to - $11,506 thousand from - $184 thousand. Net cash provided by financing activities decreased to $149 thousand from $10,945 thousand.

#### Liquidity and Capital Resources

As of March 31, 2026, Terrestrial Energy Inc. had $76,946 thousand in cash and cash equivalents, $198,018 thousand in short-term investments, and net working capital of $271,695 thousand. The company reported an accumulated deficit of - $135,128 thousand. Management believes it has sufficient liquidity to support operations for at least the next twelve months.

#### Future Outlook and Strategy

Terrestrial Energy Inc. aims for the IMSR Plant to achieve first commercial operation by the mid-2030s, with fleet operation commencing in the late 2030s. The company has executed two Other Transaction Authority (OTA) agreements with the DOE, Project TETRA for a pilot reactor and Project TEFLA for a pilot fuel salt facility, to support IMSR Plant commercialization. Future capital requirements will depend on R&D efforts, commercial development, and deployment of IMSR Plants, with potential additional financing sought through equity, debt, or corporate collaborations.

### Related Stocks

- [IMSR.US](https://longbridge.com/en/quote/IMSR.US.md)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**