HDRN · NASDAQ · Industrial - Machinery

Hadron Energy

Develops transportable light-water microreactors for dedicated on-site power.

$2.03
After-hours close+0.05 (+2.53%)
At close$1.98(−10.81%)
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Profile

Hadron Energy, Inc.HDRNIndustrials

Develops the planned Hadron Halo light-water micro-modular reactor for dedicated on-site power and intends to sell electricity under long-term power-purchase agreements or lease reactors. The pre-commercial model depends on U.S. licensing, factory production, third-party execution, fuel supply, and site approvals.

Develops the Hadron Halo, a planned factory-fabricated, truck-transportable light-water micro-modular reactor for dedicated power at data centers, industrial facilities, remote and critical sites, and distributed-energy installations. The design uses established pressurized-water-reactor architecture while miniaturizing the nuclear island for modular deployment.

Targets behind-the-meter or off-grid installations, intending to sell electricity under long-term power-purchase agreements; reactor leasing is another contemplated structure. U.S. licensing, domestic factory production, and domestic deployment are the initial focus, with engineering in Redwood City and a New York City office.

Operates before commercialization, without revenue since inception or internal manufacturing assets. Future deployment requires regulatory approvals, successful testing, third-party manufacturing and construction, qualified fuel supply, licensed operators, site approvals, and customer commitments that remain non-binding.

Company facts

CEOSamuel Gibson
ListedMay 26, 2026
ExchangeNASDAQ
HeadquartersRedwood City, CA
CountryUnited States
Employees20
CIK0002023730
ISINUS40500A1088

Key statistics

Market cap$140.9M
EPS (ttm)−$0.7340
P/E (ttm)−2.68
ROE-4.1%
P/B0.0852
P/S3.83
Dividend yield
Beta0.16vs XLI −0.19

Year to date −81.2% · Average volume (30d) 79.3K

Analysts

No analyst consensus on record.

Earnings

EPS

Estimate
Reported−$0.03

Revenue

Estimate
Reported$36.7M

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 12, 2026Q2 FY26−$0.03$36.7M+2.72%
Jul 30, 2026Q2 FY26−$0.77$36.7M+1.32%
May 6, 2026Q1 FY26$0.02−3.71%
Mar 6, 2026Q4 FY25$0.02+0.09%
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Financial highlights

9 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$36.7M
Gross profit$0$0$0$0$0$12.1M
Operating income−$371.8K−$384.6K−$1.3M−$1.3M−$1.7M−$28.6M
Net income$1.6M$1.5M−$212.1K$875.2K$535.6K−$25.7M
Diluted EPS$0.05$0.05−$0.01$0.03$0.02−$0.77
Gross margin32.8%
Operating margin-77.7%

Fiscal years (4-quarter sums)FY25 $0

Revenue by product · Q2 FY26

Fixed-Price Contract$18.7M · 51%
Time-And-Materials Contract$17.9M · 49%

Balance sheet, Jun 30, 2026Cash & short-term investments $319.2M · Total debt $22.8M · Total assets $841.3M · Shareholders' equity $770.3M

Dividends

No dividends on record.

Ownership

Institutions Insiders 0.90%

Shares outstanding 71.50M · Float 747.3K

This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.

Top shareholders13F · 13D/G · Form 4

HolderShares% of companyFormFiled
Tenor Capital Management Company, L.P.1.89M9.50% of class13GFeb 13, 2026
Raluca Dinu · director, 10 percent owner: 154.9K0.22%Form 4Aug 13, 2026
Avi S. Katz · director, 10 percent owner, officer: Chairman154.9K0.22%Form 4Aug 13, 2026
Raanan Horowitz · director67.4K0.09%Form 4Aug 13, 2026
Ralph L. JR Hunter · director67.4K0.09%Form 4Aug 13, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

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Peers

  • Oklo

    On-site nuclear power sales for data centers and industrial customers.

  • Nano Nuclear Energy

    Portable microreactors for the same remote and on-site power loads.

  • X-energy

    Advanced SMRs and fuel for industrial, grid, and AI power projects.

  • NuScale Power

    Light-water SMRs serving overlapping utility and data-center demand.

CompareAfter-hours close

CompanyPriceChange
Hadron Energy$2.03+2.53%$140.9M3.8+13.2%
Oklo$40.35+0.57%$6.98B5,771.9
Nano Nuclear Energy$17.98+0.06%$965.0M4,508.3
X-energy$17.35+0.75%$378.0M2.5
NuScale Power$9.28+0.05%$2.77B259.1−99.1%
Median2,383.7−99.1%