Terrestrial Energy Q2 FY26 net loss narrows to $9.4 million; cash falls 5.37% vs Q1 to $283.4 million
IMSR•Revenue and margin outlook updated
Terrestrial Energy raised its estimate of cumulative lifetime revenue per IMSR Plant to $2.7 billion from $2.1 billion, with blended gross margin estimated at 33%.
Q2 loss narrows and cash balance declines
Terrestrial Energy posted a GAAP net loss of $9.4 million for Q2 2026, narrowing from a $10.5 million loss in Q1 2026.
R&D spending fell $1.1 million versus Q1 2026; G&A rose $0.7 million, while other income improved $0.9 million on lower interest expense and higher interest and dividend income.
Cash, cash equivalents and investments totaled $283.4 million at June 30, 2026; cash burn was $6.4 million, down $1.5 million from Q1 2026.
Operational progress across site, regulatory and DOE-backed projects
Operationally, the company secured site control at Texas A&M-RELLIS, gained NRC approval of its methodology, advanced projects and , and signed an with .
