Filing Flows › X-Energy (XE) › Q2 2026
X-Energy (XE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
X-Energy (XE) reported revenue of $54.6M for the second quarter 2026 (Q2 2026), +154% from a year earlier and +26% from the quarter before. Operating margin was -201.5%, net loss $105M (192.9% of revenue).
X-Energy, Q2 2026: revenue $54.6M (+154% year over year), operating margin -201.5%, net loss $105M, operating cash flow −$97.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $54.6M | +26% | +154% |
| Operating profit | −$110M | — | — |
| Net earnings | −$105M | — | — |
| Operating cash flow | −$97.3M | — | — |
What changed
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.
Questions
What was X-Energy's revenue in the second quarter 2026?
X-Energy (XE) reported revenue of $54.6M for the second quarter 2026 (Q2 2026), +154% from a year earlier and +26% from the quarter before.
Was X-Energy profitable in the second quarter 2026?
Operating loss was $110M (-201.5% of revenue) and net loss $105M.
Source: X-Energy 10-Q on SEC EDGAR.