Filing Flows › X-Energy (XE) › Q1 2026
X-Energy (XE) Q1 2026 earnings results (first quarter 2026)
10-Q filed Jun 4, 2026
X-Energy (XE) reported revenue of $43.4M for the first quarter 2026 (Q1 2026), +109% from a year earlier. Operating margin was -152.2%, net loss $166M (382.8% of revenue).
X-Energy, Q1 2026: revenue $43.4M (+109% year over year), operating margin -152.2%, net loss $166M, operating cash flow −$67.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $43.4M | — | +109% |
| Operating profit | −$66.1M | — | — |
| Net earnings | −$166M | — | — |
| Operating cash flow | −$67.3M | — | — |
What changed
Revenue was $43.4M in Q1 2026, up 109% year over year.
Operating costs exceeded revenue by $66.1M, an operating margin of -152.2%. Total costs grew 133% against revenue growth of 109%. The fastest-growing cost line was SG&A (+145%). The quarter ended with a net loss of $166.2M. Net interest and other expense of $100.1M was the main reason.
Operating cash flow was −$67.3M. Non-cash charges added back $4.3M of share-based compensation. Working capital and other items added $94.7M. Capital expenditures of $43.0M exceeded it, leaving free cash flow of −$110.2M.
Questions
What was X-Energy's revenue in the first quarter 2026?
X-Energy (XE) reported revenue of $43.4M for the first quarter 2026 (Q1 2026), +109% from a year earlier.
Was X-Energy profitable in the first quarter 2026?
Operating loss was $66.1M (-152.2% of revenue) and net loss $166M.
Source: X-Energy 10-Q on SEC EDGAR.