NASDAQ : XE
X-Energy, Inc. — Financial statements
Industrials · Electrical Equipment & Parts · United States
Last price 10.93 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.44B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
X-Energy, Inc. (XE) reported revenue of 150.28M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 150.28M | 94.26M | 83.99M | 121.88M |
| Cost of Revenue | 248.53M | 161.37M | 130.12M | 199.59M |
| Gross Profit | -98.26M | -67.11M | -46.13M | -77.71M |
| Selling, General & Admin | 192.84M | 116.32M | 56.59M | 68.69M |
| Research & Development | 797.00K | 1.71M | 1.66M | 2.15M |
| Other Operating Expenses | -14.54M | -14.84M | -36.17M | -11.16M |
| Operating Expenses | 179.10M | 103.19M | 22.08M | 59.68M |
| Operating Income | -277.36M | -170.29M | -68.21M | -137.39M |
| Interest Expense | -475.00K | -16.19M | -8.26M | |
| Interest & Investment Income | 29.79M | 20.29M | 2.83M | 178.00K |
| Currency Exchange Gain (Loss) | -984.00K | 924.00K | -685.00K | -110.00K |
| Other Non Operating Income (Expenses) | -311.06M | -236.20M | 21.09M | -28.94M |
| EBT Excluding Unusual Items | -559.61M | -385.75M | -61.16M | -174.52M |
| Other Unusual Items | -2.66M | -4.02M | -64.80M | -56.70M |
| Pretax Income | -562.27M | -389.78M | -125.96M | -231.22M |
| Net Income | -448.87M | -389.78M | -125.96M | -231.22M |
| Net Income to Common | -448.87M | -389.78M | -125.96M | -231.22M |
| Shares Outstanding (Basic) | 287.38M | 17.09M | ||
| Shares Outstanding (Diluted) | 287.38M | 17.09M | ||
| EPS (Basic) | -1.56 | -7.37 | ||
| EPS (Diluted) | -1.56 | -7.37 | ||
| Free Cash Flow | -440.50M | -267.10M | -100.32M | -162.56M |
| Free Cash Flow Per Share | -1.53 | -5.87 | ||
| Gross Margin | -65.38% | -71.19% | -54.93% | -63.76% |
| Operating Margin | -184.56% | -180.67% | -81.22% | -112.73% |
| Profit Margin | -298.70% | -413.51% | -149.98% | -189.72% |
| Free Cash Flow Margin | -293.13% | -283.36% | -119.45% | -133.38% |
| EBITDA | -275.43M | -168.91M | -67.30M | -136.70M |
| EBITDA Margin | -183.28% | -179.19% | -80.13% | -112.17% |
| D&A For EBITDA | 1.93M | 1.39M | 913.00K | 684.00K |
| EBIT | -277.36M | -170.29M | -68.21M | -137.39M |
| EBIT Margin | -184.56% | -180.67% | -81.22% | -112.73% |
| Revenue as Reported | 164.81M | 109.10M | 120.15M | 133.04M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 1.15B | 458.93M | 514.60M | 14.40M |
| Short-Term Investments | 489.75M | 304.91M | ||
| Cash & Short-Term Investments | 1.64B | 763.84M | 514.60M | 14.40M |
| Receivables | 137.40M | 79.05M | 44.40M | 42.80M |
| Prepaid Expenses | 12.50M | 7.59M | 2.89M | 1.48M |
| Other Current Assets | 8.80M | 3.90M | ||
| Total Current Assets | 1.79B | 854.38M | 561.89M | 58.67M |
| Property, Plant & Equipment | 140.88M | 72.80M | 16.83M | 16.25M |
| Long-Term Investments | 264.63M | 261.46M | ||
| Other Long-Term Assets | 55.83M | 22.63M | 789.00K | 646.00K |
| Total Assets | 2.26B | 1.21B | 579.51M | 75.57M |
| Accounts Payable | 10.70M | 3.36M | 2.33M | 8.02M |
| Accrued Expenses | 44.31M | 30.94M | 23.12M | 27.68M |
| Short-Term Debt | 56.57M | |||
| Current Portion of Long-Term Debt | 18.54M | |||
| Current Portion of Leases | 1.88M | 2.34M | 2.49M | 1.40M |
| Current Unearned Revenue | 443.00K | 569.00K | ||
| Other Current Liabilities | 46.97M | 22.15M | 17.68M | 39.65M |
| Total Current Liabilities | 104.31M | 58.80M | 64.72M | 133.33M |
| Long-Term Debt | 121.24M | |||
| Long-Term Leases | 24.93M | 20.89M | 10.34M | 11.67M |
| Long-Term Unearned Revenue | 30.33M | 15.15M | ||
| Other Long-Term Liabilities | 274.17M | 50.63M | 8.44M | |
| Total Liabilities | 159.56M | 369.01M | 125.69M | 274.69M |
| Common Stock | 41.00K | 95.15M | 92.66M | 76.05M |
| Additional Paid-In Capital | 1.87B | 12.17M | ||
| Retained Earnings | -59.09M | -1.24B | -846.57M | -716.77M |
| Comprehensive Income & Other | 306.00K | -117.00K | 6.00K | 879.00K |
| Total Common Equity | 1.81B | -1.13B | -753.90M | -639.84M |
| Shareholders' Equity | 2.10B | 842.26M | 453.81M | -199.12M |
| Total Liabilities & Equity | 2.26B | 1.21B | 579.51M | 75.57M |
| Total Debt | 26.81M | 23.23M | 31.36M | 190.88M |
| Net Cash (Debt) | 1.61B | 740.61M | 483.24M | -176.49M |
| Net Cash Per Share | 5.60 | 28.28 | ||
| Filing Date Shares Outstanding | 287.46M | 17.09M | ||
| Total Common Shares Outstanding | 287.38M | 17.09M | ||
| Working Capital | 1.69B | 795.58M | 497.17M | -74.66M |
| Book Value Per Share | 6.31 | -44.12 | ||
| Tangible Book Value | 1.81B | -1.13B | -753.90M | -639.84M |
| Tangible Book Value Per Share | 6.31 | -44.12 | ||
| Land | 1.70M | 1.70M | ||
| Machinery | 8.95M | 6.45M | 3.77M | 3.66M |
| Construction In Progress | 110.45M | 42.84M | 1.78M | 1.05M |
| Leasehold Improvements | 2.71M | 2.71M | 2.48M | 634.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | -349.81M | -389.78M | -125.96M | -231.22M |
| Depreciation & Amortization | 1.93M | 1.39M | 913.00K | 684.00K |
| Other Amortization | 486.00K | 975.00K | 11.86M | 2.34M |
| Loss (Gain) From Sale of Investments | -2.53M | -277.00K | ||
| Stock-Based Compensation | 51.64M | 14.14M | 1.15M | 5.83M |
| Other Operating Activities | 101.68M | 240.57M | 47.44M | 50.21M |
| Change in Accounts Receivable | -41.95M | -24.80M | 16.04M | -174.00K |
| Change in Accounts Payable | 23.62M | 8.74M | -21.30M | 5.63M |
| Change in Unearned Revenue | 30.33M | 15.15M | ||
| Change in Other Net Operating Assets | -67.99M | -15.96M | -26.30M | 7.12M |
| Operating Cash Flow | -252.59M | -149.86M | -96.16M | -159.58M |
| Capital Expenditures | -187.91M | -117.24M | -4.16M | -2.98M |
| Investment in Securities | -751.56M | -565.95M | ||
| Other Investing Activities | 90.18M | 54.84M | 2.30M | 1.08M |
| Investing Cash Flow | -849.29M | -628.34M | -1.86M | -1.90M |
| Long-Term Debt Issued | 139.05M | 73.89M | ||
| Long-Term Debt Repaid | -152.64M | -44.65M | ||
| Net Debt Issued (Repaid) | -13.59M | 29.24M | ||
| Other Financing Activities | -36.27M | -26.79M | -14.55M | -5.43M |
| Financing Cash Flow | 1.77B | 726.13M | 598.34M | 103.08M |
| Foreign Exchange Rate Adjustments | -82.00K | 104.00K | -114.00K | 7.00K |
| Net Cash Flow | 665.00M | -51.97M | 500.20M | -58.39M |
| Free Cash Flow | -440.50M | -267.10M | -100.32M | -162.56M |
| Free Cash Flow Margin | -293.13% | -283.36% | -119.45% | -133.38% |
| Free Cash Flow Per Share | -1.53 | -5.87 | ||
| Levered Free Cash Flow | -237.95M | -77.67M | ||
| Unlevered Free Cash Flow | -238.63M | -79.41M | ||
| Cash Interest Paid | 4.62M | 756.00K | ||
| Change in Working Capital | -55.99M | -16.88M | -31.55M | 12.57M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 4.44B | |||
| Enterprise Value | 2.83B | |||
| Debt / Equity Ratio | 0.01 | 0.03 | 0.07 | -0.96 |
| Net Debt / Equity Ratio | -0.77 | -0.88 | -1.06 | -0.89 |
| Net Debt / EBITDA Ratio | 5.84 | 4.38 | 7.18 | -1.29 |
| Net Debt / FCF Ratio | 3.65 | 2.77 | 4.82 | -1.09 |
| Asset Turnover | 0.10 | 0.26 | ||
| Quick Ratio | 16.99 | 14.33 | 8.64 | 0.43 |
| Current Ratio | 17.20 | 14.53 | 8.68 | 0.44 |
| Return on Equity (ROE) | -60.15% | -98.91% | ||
| Return on Assets (ROA) | -11.89% | -13.02% | ||
| Return on Capital Employed (ROCE) | -12.90% | -14.80% | -13.30% | 237.90% |