X-energy revenue and grant income jump 118%

X-energy (NASDAQ:XE) reported third-quarter 2026 revenue and grant income of $66.3 million, up 118% from $30.4 million a year earlier, driven by increased work under its U.S. Department of Energy agreement.

Operating expenses increased 139% to $169.9 million, while operating loss widened to $103.6 million from $40.7 million, although consolidated net loss narrowed to $83.7 million from $219 million.

Operating cash outflow reached $51.2 million, compared with $30.8 million a year earlier, while September 30 liquidity totaled $1,805.5 million, including cash and investments, with no debt outstanding.

The Nuclear Regulatory Commission issued a construction permit for Dow's proposed Long Mott project ahead of schedule, while X-energy selected Fluor for engineering work on Energy Northwest's project and ordered steam-generator tubing from Alleima and Doosan Enerbility.

X-energy also advanced a proposed 960 MW Indiana reactor project with American Electric Power and Amazon development funding, entered U.K. regulatory design review for its Xe-100 reactor, and completed vertical construction of its TX-1 fuel facility.