Here are the 10-Q quarterly reports from Terra Innovatum Global N.V. (NKLR) 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 NKLR 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 NKLR filings page.
Terra Innovatum Global N.V., a pre-revenue developer of the SOLO micro‑modular nuclear reactor, reported a larger net loss and a deeper shareholders’ deficit for the quarter and six months ended June 30, 2026. For the quarter, net loss was $18.0 million versus $1.1 million a year earlier; for the first half, net loss was $25.2 million compared with $2.6 million in 2025, driven by sharply higher general and administrative and development costs plus large non‑cash fair‑value charges.
Total assets were $98.5 million, including cash and cash equivalents of $91.1 million. Total liabilities were $214.0 million, dominated by a $196.5 million share‑settled contingent liability tied to de‑SPAC milestone instruments and $10.5 million of warrant liabilities, resulting in a shareholders’ deficit of $115.5 million. Net cash used in operating activities was $8.8 million in the first half. The company remains in development, with no revenue and a target commercialization timeline around 2028 for its SOLO reactor, and discloses ongoing early‑stage, regulatory, funding, and macroeconomic risks. Management prepared the accounts on a going‑concern basis but acknowledges existing material weaknesses in internal control over financial reporting and plans remediation efforts.
Terra Innovatum Global N.V., a pre‑revenue nuclear technology company developing its SOLO micro‑modular reactor, reported a net loss of $7,106 thousand for the three months ended March 31, 2026, compared with $1,448 thousand a year earlier. The wider loss reflects sharply higher general and administrative expenses of $5,396 thousand and development costs of $1,238 thousand as the company scales public‑company infrastructure and engineering work.
Cash and cash equivalents were $96,701 thousand at March 31, 2026, with net cash used in operating activities of $3,856 thousand for the quarter. The balance sheet includes a sizable share‑settled contingent liability of $185,860 thousand and warrant liabilities of $9,949 thousand tied to the SPAC-related capital structure. Management prepared the accounts on a going concern basis but disclosed that disclosure controls and procedures were not effective due to material weaknesses in internal control over financial reporting.