Terrestrial Energy Inc Financials
This page shows Terrestrial Energy Inc (IMSR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Terrestrial Energy’s 2025 statements show a development-stage business transformed by external financing while operations still consume cash.
Balance-sheet expansion outpaced operating progress: total assets rose from$5.3M in FY2024 to$303.0M in FY2025. This was a capitalization event rather than operating self-funding, with FY2025 financing cash flow of$311.4M alongside investing cash flow of-$200.6M .
R&D was
FY2025 operating cash flow of
Financial Health Signals
Terrestrial Energy Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Terrestrial Energy Inc passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
Terrestrial Energy Inc reported a net loss of $28.0M while operations used $16.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Terrestrial Energy Inc's EBITDA was -$24.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 164.2% from the prior year.
Terrestrial Energy Inc reported -$28.0M in net income in fiscal year 2025. This represents a decrease of 143.9% from the prior year.
Terrestrial Energy Inc earned -$0.39 per diluted share (EPS) in fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Terrestrial Energy Inc recorded an outflow of $17.5M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 98.9% from the prior year.
Terrestrial Energy Inc held $97.2M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Terrestrial Energy Inc's ROE was -9.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Terrestrial Energy Inc invested $9.8M in research and development in fiscal year 2025. This represents an increase of 88.7% from the prior year.
Terrestrial Energy Inc invested $1.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 73.6% from the prior year.
Not reported for fiscal year 2025.
IMSR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 |
|---|---|---|---|
| Revenue | N/A | N/A | $248K |
| R&D Expenses | N/A | $9.8M+88.7% | $5.2M |
| SG&A Expenses | N/A | $14.3M+242.2% | $4.2M |
| Operating Income | N/A | -$25.2M-143.4% | -$10.4M |
| Income Tax | N/A | $18K-14.4% | $21K |
| Net Income | N/A | -$28.0M-143.9% | -$11.5M |
| EPS (Diluted) | — | -$0.39 | -$0.19 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, Interest Expense.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
IMSR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 |
|---|---|---|
| Total Assets | $303.0M+5582.7% | $5.3M |
| Current Assets | $299.6M+8999.9% | $3.3M |
| Cash & Equivalents | $97.2M+3115.4% | $3.0M |
| Total Liabilities | $7.6M-51.6% | $15.6M |
| Current Liabilities | $5.9M+435.9% | $1.1M |
| Total Equity | $295.4M+2966.4% | -$10.3M |
| Retained Earnings | -$124.6M-29.0% | -$96.6M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
IMSR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 |
|---|---|---|---|
| Operating Cash Flow | -$24.4M | -$16.5M-100.8% | -$8.2M |
| Capital Expenditures | N/A | $1.1M+73.6% | $608K |
| Free Cash Flow | N/A | -$17.5M-98.9% | -$8.8M |
| Investing Cash Flow | N/A | -$200.6M-30195.5% | -$662K |
| Financing Cash Flow | $274.8M | $311.4M+4192.6% | $7.3M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
IMSR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 |
|---|---|---|
| Operating Margin | N/A | -4168.8% |
| Net Margin | N/A | -4624.6% |
| Return on Equity | -9.5% | N/A |
| Return on Assets | -9.3%+206.2pp | -215.4% |
| Current Ratio | 50.63+47.6x | 2.98 |
| Debt-to-Equity | 0.03 | N/A |
| FCF Margin | N/A | -3547.6% |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Where Terrestrial Energy Inc Ranks
Frequently Asked Questions
Is Terrestrial Energy Inc profitable?
No, Terrestrial Energy Inc (IMSR) reported a net income of -$28.0M in fiscal year 2025.
What is Terrestrial Energy Inc's EBITDA?
Terrestrial Energy Inc (IMSR) had EBITDA of -$24.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Terrestrial Energy Inc's return on equity (ROE)?
Terrestrial Energy Inc (IMSR) has a return on equity of -9.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Terrestrial Energy Inc's free cash flow?
Terrestrial Energy Inc (IMSR) recorded an outflow of $17.5M in free cash flow during fiscal year 2025. This represents a -98.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Terrestrial Energy Inc's operating cash flow?
Terrestrial Energy Inc (IMSR) recorded an outflow of $16.5M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Terrestrial Energy Inc's total assets?
Terrestrial Energy Inc (IMSR) had $303.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Terrestrial Energy Inc's capital expenditures?
Terrestrial Energy Inc (IMSR) invested $1.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Terrestrial Energy Inc spend on research and development?
Terrestrial Energy Inc (IMSR) invested $9.8M in research and development during fiscal year 2025.
What is Terrestrial Energy Inc's current ratio?
Terrestrial Energy Inc (IMSR) had a current ratio of 50.63 as of fiscal year 2025, which is generally considered healthy.
What is Terrestrial Energy Inc's debt-to-equity ratio?
Terrestrial Energy Inc (IMSR) had a debt-to-equity ratio of 0.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Terrestrial Energy Inc's return on assets (ROA)?
Terrestrial Energy Inc (IMSR) had a return on assets of -9.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Terrestrial Energy Inc's Piotroski F-Score?
Terrestrial Energy Inc (IMSR) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Terrestrial Energy Inc's earnings high quality?
Terrestrial Energy Inc (IMSR) reported a net loss of $28.0M while operations used $16.5M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.