Terrestrial Energy Inc. Warrant (IMSRW) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the IMSRW SEC filings page.
This page shows Terrestrial Energy Inc. Warrant (IMSRW) 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).
Capital-funded balance-sheet expansion changed the company's scale while operations continued consuming cash.
The FY2025 balance-sheet expansion is disconnected from operating performance: total assets reached$303.0M and equity$295.4M , yet operating cash flow was-$16.5M and net loss was-$28.0M . Financing cash flow of$311.4M alongside investing cash flow of-$200.6M indicates that capital activity, not operating output, created the new scale.
In FY2024, research and development spending of
Cash use remained primarily operational rather than capital-intensive: FY2025 operating cash flow of
Financial Health Signals
Terrestrial Energy Inc. Warrant 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. Warrant 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. Warrant 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. Warrant's EBITDA was -$11.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 131.8% from the same quarter a year earlier. Against the prior quarter it is up 2.9%.
Terrestrial Energy Inc. Warrant reported -$9.4M in net income in Q2 2026. This represents a decrease of 50.4% from the same quarter a year earlier. Against the prior quarter it is up 10.5%.
Terrestrial Energy Inc. Warrant earned -$0.09 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 10.0%.
Not reported for Q2 2026.
Cash & Balance Sheet
Terrestrial Energy Inc. Warrant recorded an outflow of $5.8M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 29.4% from the same quarter a year earlier. Against the prior quarter it is up 36.5%.
Terrestrial Energy Inc. Warrant held $130.7M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Terrestrial Energy Inc. Warrant's ROE was -3.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. Against the prior quarter it is up 0.3 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Terrestrial Energy Inc. Warrant invested $3.5M in research and development in Q2 2026. This represents an increase of 142.7% from the same quarter a year earlier. Against the prior quarter it is down 23.4%.
Terrestrial Energy Inc. Warrant invested $108K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 70.2% from the same quarter a year earlier. Against the prior quarter it is up 103.8%.
Not reported for Q2 2026.
IMSRW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-K | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-K | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| R&D Expenses | $3.5M+142.7% | $4.6M+224.3% | N/A | N/A | $1.4M | $1.4M | N/A | N/A |
| SG&A Expenses | $8.0M+127.4% | $7.3M+122.1% | N/A | $1.6M+488.2% | $3.5M+6604.9% | $3.3M | N/A | $278K |
| Operating Income | -$11.7M-125.8% | -$11.9M-144.6% | N/A | -$1.6M-488.2% | -$5.2M-9717.1% | -$4.9M | N/A | -$278K |
| EBITDA | -$11.5M-131.8% | -$11.9M-152.7% | N/A | N/A | -$5.0M | -$4.7M | N/A | N/A |
| Income Tax | $78K | $37K | N/A | N/A | $0 | $0 | N/A | N/A |
| Net Income | -$9.4M-50.4% | -$10.5M-68.0% | N/A | $1.9M+80.0% | -$6.2M-11766.0% | -$6.3M | N/A | $1.1M |
| EPS (Basic) | -$0.09+10.0% | -$0.100.0% | N/A | N/A | -$0.10-400.0% | -$0.10 | N/A | N/A |
| EPS (Diluted) | -$0.09 | -$0.10 | N/A | N/A | -$0.10 | -$0.10 | N/A | N/A |
| Diluted Shares (Avg) | 106M | 106M | N/A | N/A | 63M | 63M | N/A | N/A |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, Interest Expense.
IMSRW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-K | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-K | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $289.9M+20.6% | $295.2M+23.8% | $303.0M+5582.7% | $243.1M+4.1% | $240.4M+63614.9% | $238.4M | $5.3M | $233.6M |
| Current Assets | $274.8M+94727.5% | $276.7M+40421.4% | $299.6M+8999.9% | $462K-54.6% | $290K+5695.6% | $683K | $3.3M | $1.0M |
| Cash & Equivalents | $130.7M+303.7% | $76.9M+14778.6% | $97.2M+3115.4% | $350K-57.5% | $32.4M | $517K | $3.0M | $825K |
| Short-Term Investments | $142.8M | $198.0M | $200.6M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $9.9M-95.9% | $14.9M-93.7% | $0 | $242.6M+4.4% | $240.1M | $237.7M | $0 | $232.5M |
| Total Liabilities | $8.2M-96.8% | $6.6M-97.4% | $7.6M-51.6% | $257.6M+5.8% | $254.4M+62708.8% | $250.4M | $15.6M | $243.6M |
| Current Liabilities | $6.2M+149.3% | $5.0M+260.1% | $5.9M+435.9% | $4.3M+1041.2% | $2.5M+511.2% | $1.4M | $1.1M | $375K |
| Non-Current Liabilities | $2.0M-99.2% | $1.5M-99.4% | $1.7M-88.6% | $253.4M+4.2% | $251.9M | $249.0M | $14.5M | $243.2M |
| Total Equity | $281.7M+2118.2% | $288.6M+2489.3% | $295.4M+2966.4% | -$14.5M-45.3% | -$14.0M-50347.8% | -$12.1M | -$10.3M | -$10.0M |
| Retained Earnings | -$144.5M-935.6% | -$135.1M-1018.7% | -$124.6M-29.0% | -$14.5M-45.3% | -$14.0M-26400.5% | -$12.1M | -$96.6M | -$10.0M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
IMSRW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-K | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-K | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$5.7M-38.2% | -$9.1M-229.5% | -$15.4M-52872.8% | $5.8M | -$4.1M | -$2.8M | -$29K | N/A |
| Depreciation & Amortization | $145K-26.8% | $61K-66.3% | N/A | N/A | $198K | $181K | N/A | N/A |
| Stock-Based Compensation | N/A | $2.8M+1433.9% | N/A | N/A | N/A | $180K | N/A | N/A |
| Capital Expenditures | $108K-70.2% | $53K-67.5% | N/A | N/A | $363K | $163K | N/A | N/A |
| Free Cash Flow | -$5.8M-29.4% | -$9.1M-212.9% | N/A | N/A | -$4.5M | -$2.9M | N/A | N/A |
| Investing Cash Flow | $60.0M+16392.4% | -$11.5M-6153.3% | N/A | N/A | -$368K | -$184K | $0 | N/A |
| Financing Cash Flow | -$9K-100.0% | $149K-98.6% | $310.7M+242912.3% | -$36.0M | $25.8M | $10.9M | -$128K | N/A |
| Dividends Paid | N/A | N/A | N/A | $0 | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
IMSRW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-K | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-K | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | -3.3% | -3.6% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -3.2%-0.6pp | -3.6%-0.9pp | N/A | 0.8%+0.3pp | -2.6%+11.4pp | -2.6% | N/A | 0.5% |
| Current Ratio | 44.53+44.4x | 54.82+54.3x | 50.63+47.6x | 0.11-2.6x | 0.12+0.1x | 0.49 | 2.98 | 2.71 |
| Debt-to-Equity | 0.03 | 0.02 | 0.03 | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Asset Turnover, FCF Margin.
Where Terrestrial Energy Inc. Warrant Ranks
Frequently Asked Questions
Is Terrestrial Energy Inc. Warrant profitable?
No, Terrestrial Energy Inc. Warrant (IMSRW) reported a net income of -$28.0M in fiscal year 2025.
What is Terrestrial Energy Inc. Warrant's EBITDA?
Terrestrial Energy Inc. Warrant (IMSRW) had EBITDA of -$24.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Terrestrial Energy Inc. Warrant's return on equity (ROE)?
Terrestrial Energy Inc. Warrant (IMSRW) 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. Warrant's free cash flow?
Terrestrial Energy Inc. Warrant (IMSRW) 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. Warrant's operating cash flow?
Terrestrial Energy Inc. Warrant (IMSRW) 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. Warrant's total assets?
Terrestrial Energy Inc. Warrant (IMSRW) had $303.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Terrestrial Energy Inc. Warrant's capital expenditures?
Terrestrial Energy Inc. Warrant (IMSRW) invested $1.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Terrestrial Energy Inc. Warrant spend on research and development?
Terrestrial Energy Inc. Warrant (IMSRW) invested $9.8M in research and development during fiscal year 2025.
What is Terrestrial Energy Inc. Warrant's current ratio?
Terrestrial Energy Inc. Warrant (IMSRW) had a current ratio of 50.63 as of fiscal year 2025, which is generally considered healthy.
What is Terrestrial Energy Inc. Warrant's debt-to-equity ratio?
Terrestrial Energy Inc. Warrant (IMSRW) 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. Warrant's return on assets (ROA)?
Terrestrial Energy Inc. Warrant (IMSRW) 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. Warrant's Piotroski F-Score?
Terrestrial Energy Inc. Warrant (IMSRW) 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. Warrant's earnings high quality?
Terrestrial Energy Inc. Warrant (IMSRW) 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.