Here are the 10-Q quarterly reports from Terrestrial Energy Inc. (IMSR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow IMSR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full IMSR filings page.
Terrestrial Energy Inc., a pre-revenue developer of Generation IV Integral Molten Salt Reactor (IMSR) plants, reported a larger loss while maintaining a strong cash position for the six months ended June 30, 2026. Operating expenses rose sharply as the company scaled its commercialization efforts, with research and development of $8.1 million and general and administrative costs of $15.3 million, driving an operating loss of $23.6 million and a net loss of $19.9 million compared with $12.5 million a year earlier.
Liquidity remains substantial, supported by the late‑2025 business combination and PIPE: cash and cash equivalents were $130.7 million, short‑term investments $142.8 million, and total assets $289.9 million, with working capital of $268.6 million. Management states it expects these resources to fund operations for at least 12 months after August 11, 2026.
Operationally, Terrestrial Energy advanced key regulatory and commercial milestones, including two DOE OTA agreements for pilot reactor and fuel‑salt production projects, multiple U.S. NRC safety-related submissions and approvals, a ground lease and R&D framework with Texas A&M for up to 77 acres at the RELLIS campus, and a collaboration with Riot Platforms to explore IMSR‑powered large‑scale data centers.
Terrestrial Energy Inc. reported a net loss of $10,503 (amounts in thousands) for the three months ended March 31, 2026, unchanged at $(0.10) per share versus 2025 due to higher share count. Operating expenses more than doubled to $11,931, driven by increased research and development spending of $4,566 and general and administrative costs of $7,304 as the company scales its Integral Molten Salt Reactor program.
Despite higher losses, Terrestrial Energy ended the quarter with $76,946 in cash and cash equivalents and $198,018 in short-term investments, supporting net working capital of $271,695 and total assets of $295,168. Management believes this liquidity, enhanced by more than $292,000 of gross proceeds from its late‑2025 business combination and related financing, is sufficient to fund operations for at least the next twelve months while it advances IMSR development and DOE-supported pilot projects.