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Gotrade News - Terrestrial Energy (IMSR) reported a third-quarter 2026 net loss of $11.0 million on Tuesday, November 10, 2026, versus $9.4 million in the second quarter, according to the company's official release. It ended the quarter with $276.3 million in cash, cash equivalents and short-term investments and no debt.
Regular-session close on November 10, 2026, New York time. Prices and changes: Yahoo Finance, cross-checked against the closing price on Nasdaq.com.
Terrestrial Energy Earnings Details
The company said the change in net loss from the second quarter was primarily driven by a $0.9 million increase in research and development, including fuel testing and lease costs related to RELLIS, and a $0.5 million increase in general and administrative costs due to stock-based compensation. Its statement of operations shows total operating expenses of $13.062 million for the quarter ended September 30, 2026, compared with $8.398 million in the third quarter of 2025.
Cash burn was $7.1 million, an increase of $0.7 million compared with the second quarter, which the company said largely reflects higher R&D activity associated with fuel development and testing. Total liabilities were $8.6 million. The company had 105.9 million shares issued and outstanding, unchanged from the second quarter end, and after quarter end it authorized a share repurchase program of up to $25 million of its common stock, funded with existing cash on hand.
The release also said Terrestrial Energy was selected as the advanced nuclear technology supplier for Ameresco, Inc.'s power project at the U.S. Army's Aberdeen Proving Ground in Maryland. It submitted its Graphite Topical Report to the U.S. Nuclear Regulatory Commission and, after quarter end, its Thermal and Electric Facility Topical Report.
Why It Matters for IMSR
According to the company, the second submission completes its 2026 guidance of at least three Topical Reports, and the Ameresco selection is the second IMSR Plant project it has disclosed this year, in line with its guidance to announce details on one to three additional projects. "Our selection for Ameresco's project with the U.S. Army extends our commercial pipeline into the federal government and defense," said Chief Executive Officer Simon Irish.
The company said it expects cash burn to increase as it ramps projects in future quarters, including TETRA and TEFLA. Its cash, cash equivalents and short-term investments of $276.3 million compare with $283.4 million at the end of the second quarter.
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M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
