Terrestrial Energy builds small modular molten salt reactors that generate electricity and industrial heat with a low carbon footprint.
No revenue yet; the company burns cash, with net losses of USD 0.03B in 2025 and USD 0.01B in 2024.
Its proprietary IMSR technology is hard to replicate, but competitors like NuScale Power and Kairos Power are advancing similar designs, eroding its edge.
Key events, in time order
Q2 net loss improved from Q1, regulatory wins and upgraded plant economics offset pre-revenue status
Supports IMSR plant development at Texas A&M-RELLIS, indicating project progress
Cash and cash investments totaled $289.9 million at quarter end, down from $297.8 million at year-end 2025
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