X-Energy (XE) Income Statement

X-Energy reported revenue of $94.26M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 12.2% from $83.99M a year earlier. X-Energy posted a net loss of $389.78M, compared with a net loss of $125.96M a year earlier. Gross margin was -55.5% and operating margin -180.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $50.12M, up 196.2% from the same quarter a year earlier.

X-Energy Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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X-Energy, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Revenue & Gross Profit
Revenue	94.26	83.99	121.88	104.89	76.98
Cost of Revenue	161.37	130.12	199.59	147.45	107.52
Gross Profit	-52.27	-46.13	-77.71	-42.56	-30.54
Operating Expenses
Research & Development	1.71	1.66	2.15	2.68	1.24
Selling, General & Administrative	116.32	111.89	68.69	57.64	29.02
Operating Expenses	118.03	77.38	59.68	60.32	30.26
Operating Income	-170.30	-123.51	-137.39	-102.88	-60.79
Other Income/Expense
Interest Income	20.29	2.83	0.00	0.04	0.01
Interest Expense	0.48	16.19	8.08	11.81	2.46
Other Income/Expense	-219.48	10.91	-93.83	-19.36	-3.27
Income
Income Before Tax	-389.78	-125.96	-231.22	-122.24	-64.06
Income Tax Expense	0.00	0.00	0.00	0.00	0.00
Net Income	-389.78	-125.96	-231.22	-122.24	-64.06
Net Income - Continuous Operations	-212.85	-125.96	-231.22	-122.24	-64.06
Net Income - Discontinued Operations	-	-	-	-	-
EBITDA	-168.91	-108.86	-136.70	-110.26	-61.57
EBIT	-170.30	-109.77	-137.39	-110.43	-61.61
Depreciation & Amortization	1.39	0.91	0.68	0.17	0.03
Earnings Per Share
Basic EPS	-1.00	-	-	-4.00	-2.00
Diluted EPS	-1.00	-	-	-4.00	-2.00
Basic Shares Outstanding	273.44	273.44	0.00	34.81	34.81
Diluted Shares Outstanding	273.44	273.44	0.00	34.81	34.81

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About X-Energy Financial Statements

What was X-Energy's revenue in fiscal 2025?

X-Energy reported revenue of $94.26M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 12.2% from $83.99M a year earlier.

Is X-Energy profitable?

No. X-Energy reported a net loss of $389.78M in fiscal 2025. In fiscal 2024 it lost $125.96M.

What is X-Energy's operating margin?

X-Energy's operating income was −$170.29M on revenue of $94.26M in fiscal 2025, an operating margin of -180.7%, compared with -147.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition