Standard Nuclear backlog doubles to $577.2 million
By Jon CuthbertKey points
- Standard Nuclear (NYSE:STDN) reported third-quarter 2026 revenue of $6.0 million, compared with $0.9 million a year earlier, and completed its first commercial reactor core fuel delivery.
- Total contract backlog more than doubled to $577.2 million, while funded backlog nearly doubled to $119.6 million at September 30, 2026.
- The company is preparing to expand production at its Tennessee and Idaho facilities, targeting Department of Energy operating authorization in February 2027.
Standard Nuclear (NYSE:STDN) reported third-quarter 2026 revenue of $6 million, up from $0.9 million a year earlier, as total contract backlog more than doubled to $577.2 million at September 30.
The company recorded gross profit of $1.8 million and a 30% gross margin, compared with a gross loss of $1.5 million in the prior-year quarter, while net loss widened to $13.1 million from $3.2 million.
Operating expenses included $15.5 million in general and administrative costs, including $9.5 million in share-based compensation, while adjusted gross margin, which excludes share-based compensation, reached 40%.
Funded backlog nearly doubled to $119.6 million from $61.9 million in June, while total contract backlog included $443.5 million in customer purchase options and $14.1 million in unfunded commitments, with a separate qualified pipeline of $844.7 million.
The company completed its first commercial TRISO reactor core delivery to Radiant, signed a fuel supply agreement with Antares for one metric ton of HALEU fuel plus options for seven more, and is targeting February 2027 Department of Energy operating authorization for its Tennessee and Idaho production facilities.
