Filing Flows › Industrials › X-Energy (XE)
X-Energy (XE) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · X-Energy (XE) Q2 2026 earnings results →
Q2 2026 Revenue up 154% year over year to $54.6M · 193¢ of every $1 of revenue lost · operating margin -201.5%
X-Energy made $54.6M in Q2 2026 (+154% Y/Y). Operating margin -201.5%, net loss $105M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $54.6M in Q2 2026, up 154% year over year and up 26% from the previous quarter.
Operating costs exceeded revenue by $110.0M, an operating margin of -201.5%. Total costs grew 156% against revenue growth of 154%. The fastest-growing cost line was SG&A (+184%). The quarter ended with a net loss of $105.3M, narrower than the previous quarter's $166.2M loss. Minority interests bore $212.5M of it: to shareholders the quarter was a profit of $107.1M.
Operating cash flow was −$97.3M. Non-cash charges added back $39.7M of share-based compensation. Working capital and other items used $31.6M. Capital expenditures of $63.3M exceeded it, leaving free cash flow of −$160.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $54.6M | +154% | -201.5% | −$105M | −$97.3M |
| Q1 2026 | 10-Q | Jun 4, 2026 | $43.4M | +109% | -152.2% | −$166M | −$67.3M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About X-Energy
X-Energy, Inc. (“X-energy” or the “Company”) is a developer of advanced small modular nuclear reactors and fuel technology for clean energy generation. The Company was formed as a Delaware corporation on September 18, 2025, and is headquartered in Rockville, Maryland. On April 27, 2026, X-energy successfully closed an initial public offering (“IPO”) of its Class A common stock in which it issued and sold 50,892,857 shares of its Class A Common Stock (as defined in Note 10 — Stockholders' Equity and Mezzanine Equity ) at a public offering price of $ 23.00 per share for proceeds aggregating approximately $ 1.1 billion, net of underwriting discounts and issuance costs of $ 67.3 million and $ 13.5 million, respectively, that were incurred by the Company.
In its own words, from its 10-Q, filed Aug 13, 2026.
X-Energy against its Fabricated Plate Work (Boiler Shops) peers
The largest companies of the same SEC industry, each at its latest quarter.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| XE X-Energy | Q2 2026 | $54.6M | +154% | -201.5% |
| SMR Nuscale Power | Q3 2026 | $281K | -97% | n/m |
Source: X-Energy 10-Q on SEC EDGAR · CIK 2088896 · Fabricated Plate Work (Boiler Shops)
13F: who owns XE and who is buying
More on XE
History
Every quarter: Q2 2026 results · Q1 2026 results