<span item_type="fundamental" item_id="19360a1839eb240b54e2eb5ff5a493cf" counter_id="ST/US/LTBR" env="prod"></span><span item_type="announcement" item_id="642227084181113729" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 0.</p><p>EPS: As of FY2026 Q1, the actual value is USD -0.2.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -9.019 M.</p><p></p><h3>Operational Metrics</h3><h4>Net Loss</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1084554/000147793226002579/ltbr_ex991.htm"></span>.</p><h4>Operating Loss</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1084554/000147793226002579/ltbr_ex991.htm"></span>.</p><h4>Operating Costs</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1084554/000147793226002579/ltbr_ex991.htm"></span>. 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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1084554/000147793226002579/ltbr_ex991.htm"></span>. Total R&amp;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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1084554/000147793226002579/ltbr_ex991.htm"></span>. The R&amp;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&amp;D expenses <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1084554/000147793226002579/ltbr_ex991.htm"></span>.</p><h3>Cash Flow</h3><h4>Cash Used in Operating Activities</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1084554/000147793226002579/ltbr_ex991.htm"></span>. This increase was primarily due to higher cash expenditures on R&amp;D and general and administrative expenses, partially offset by increased interest income <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1084554/000147793226002579/ltbr_ex991.htm"></span>.</p><h4>Cash Provided by Financing Activities</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1084554/000147793226002579/ltbr_ex991.htm"></span>. 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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1084554/000147793226002579/ltbr_ex991.htm"></span>.</p><h3>Unique Metrics</h3><h4>Working Capital</h4><p>Working capital was approximately $215.8 million at March 31, 2026, compared to $201.7 million at December 31, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1084554/000147793226002579/ltbr_ex991.htm"></span>.</p><h4>Cash and Cash Equivalents</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1084554/000147793226002579/ltbr_ex991.htm"></span>.</p><h4>Total Assets</h4><p>Total assets were $218,937,386 at March 31, 2026, compared to $203,834,795 at December 31, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1084554/000147793226002579/ltbr_ex991.htm"></span>.</p><h4>Total Liabilities</h4><p>Total liabilities were $1,291,564 at March 31, 2026, compared to $847,451 at December 31, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1084554/000147793226002579/ltbr_ex991.htm"></span>.</p><h4>Stockholders’ Equity</h4><p>Stockholders’ equity was $217,645,822 at March 31, 2026, compared to $202,987,344 at December 31, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1084554/000147793226002579/ltbr_ex991.htm"></span>.</p><h4>Total Other Income</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1084554/000147793226002579/ltbr_ex991.htm"></span>.</p><h4>Stock-Based Compensation</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1084554/000147793226002579/ltbr_ex991.htm"></span>. 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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1084554/000147793226002579/ltbr_ex991.htm"></span>.</p><h3>Outlook / Guidance</h3><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1084554/000147793226002579/ltbr_ex991.htm"></span>. 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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1084554/000147793226002579/ltbr_ex991.htm"></span>. The company is developing this proprietary technology to enhance reactor safety, economics, and proliferation resistance for both existing and new small modular reactors <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1084554/000147793226002579/ltbr_ex991.htm"></span>.</p>

Lightbridge | 8-K: FY2026 Q1 Revenue: USD 0