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American Fusion (AMFN) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 12, 2026 · American Fusion (AMFN) Q2 2026 earnings results →
American Fusion made $58K in Q2 2026. Operating margin n/m, net loss $1.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 12, 2026.
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What changed this quarter
Revenue was $58K in Q2 2026.
Gross margin was 13.8%. Operating costs exceeded revenue by $1.2M, an operating margin of -2146.9%. The quarter ended with a net loss of $1.3M.
Operating cash flow was −$627K. Non-cash charges added back $642K of share-based compensation.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 12, 2026 | $58K | — | n/m | −$1.3M | −$627K |
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About American Fusion
American Fusion Inc. ("AMFN" or the "Company") is a Texas corporation. On February 27, 2026, the Company completed its reverse merger with Kepler Fusion Technologies Inc. ("Kepler") pursuant to the Master Sales Agreement dated December 16, 2025 and the related Share Exchange Agreement. Upon closing, Kepler became a wholly owned subsidiary of the Company, and Kepler's former shareholders shall obtain approximately 89.7% of the common voting rights in the combined entity. As of June 30, 2026, the Company's principal operating focus is the development of advanced fusion energy technologies. The reverse merger was accounted for as a reverse recapitalization as further explained in Note 9.
In its own words, from its 10-Q, filed Aug 12, 2026.
American Fusion against its Electric Services peers
The largest companies of the same SEC industry, each at its latest quarter.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| AMFN American Fusion | Q2 2026 | $58K | — | n/m |
| Southern Power | Q3 2026 | $8.8B | +13% | 33.9% |
| NEE NextEra Energy | Q3 2026 | $8.1B | +2% | 32.4% |
| Florida Power & Light | Q2 2026 | $7.5B | +12% | 29.7% |
| CEG Constellation Energy | Q2 2026 | $7.5B | +23% | 7.7% |
| NRG NRG Energy | Q2 2026 | $7.5B | +11% | 13.0% |
| AEP Texas | Q3 2026 | $6.8B | +14% | 26.5% |
| VST Vistra | Q3 2026 | $6.3B | +28% | 26.9% |
| D Dominion Energy | Q3 2026 | $5.6B | +24% | 32.8% |
Source: American Fusion 10-Q on SEC EDGAR · CIK 96664 · Electric Services
More on AMFN
History
Every quarter: Q2 2026 results