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XE · NASDAQ · Industrial - Machinery

X-energy

Develops Xe-100 modular reactors and TRISO-X fuel for electricity and industrial heat.

$17.35

After-hours close+0.13 (+0.75%)

At close$17.22(−6.77%)

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Profile

X-Energy, Inc. Class A Common StockXEIndustrials

Develops the Xe-100 high-temperature gas-cooled reactor, TRISO-X pebble fuel, and engineering and licensing services for electricity and industrial heat projects. Revenue is currently concentrated in U.S. government-backed development work, while commercial deployment depends on regulatory approvals, customer commitments, and specialized nuclear-fuel supply.

Designs the Xe-100 high-temperature gas-cooled small modular reactor and manufactures TRISO-X fuel formed into graphite pebbles. The platform is designed to supply electricity, high-temperature process heat, or both. Engineering, licensing, and project-development services connect the reactor and fuel programs to customer deployments.

Commercial programs span the United States and United Kingdom, including Dow’s Seadrift industrial project, Amazon and Energy Northwest’s Washington power project, and Centrica’s planned Hartlepool fleet. U.S. Department of Energy-backed development services currently generate most revenue; commercial reactor and recurring fuel sales await deployment.

Execution centers on completing designs, advancing projects through regulators, and building the Oak Ridge fuel campus and specialized supply chain. Deployment depends on construction and operating approvals, customer commitments, government cost sharing, and reliable access to HALEU enrichment and nuclear-grade graphite.

Company facts

CEOJ. Clay Sell

ListedApr 24, 2026

ExchangeNASDAQ

HeadquartersRockville, MD

CountryUnited States

Employees889

CIK0002088896

ISINUS98386P1021

Key statistics

Market cap$378.0M

EPS (ttm)−$1.06

P/E (ttm)−16.24

ROE-28.6%

P/B2.66

P/S2.54

Dividend yield—

Beta—

Year to date −41.0% · Average volume (30d) 5.5M

Analysts

Price target, next 12 months$38.00+120.7%Median of 2 analysts · vs the Aug 28 close

ConsensusBuy2 of 2 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $17.22

High$57.00+231.0%

Median$38.00+120.7%

Low$22.00+27.8%

4 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Rating	Prior target	Target
Jul 1, 2026	UBS	Reiterate	Buy	$40	$34
Jun 24, 2026	Jefferies	Reiterate	Hold	$28	$22
May 19, 2026	Cantor Fitzgerald	Target			$38
May 19, 2026	Jefferies	Target			$28
May 19, 2026	UBS	Target			$40

Earnings

EPS

Estimate−$0.10

Reported−$0.15−55.0%

Revenue

Estimate$41.6M

Reported$54.6M+31.1%

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Aug 13, 2026Q2 FY26	−$0.10	−$0.15	−55.0%	$41.6M	$54.6M	+31.1%	+11.70%
Jun 4, 2026Q1 FY26	−$0.13	−$0.07	+48.0%	$59.0M	$51.7M	−12.4%	−9.43%

View details

Financial highlights

	—	—	—	—	Q1 FY26	Q2 FY26
Revenue	—	—	—	—	$43.4M	$54.6M
Gross profit	—	—	—	—	−$21.9M	−$32.7M
Operating income	—	—	—	—	−$66.1M	−$110.0M
Net income	—	—	—	—	−$166.2M	−$59.1M
Diluted EPS	—	—	—	—	−$0.61	−$0.21
Gross margin	—	—	—	—	-50.5%	-59.9%
Operating margin	—	—	—	—	-152.2%	-201.5%

Revenue by product · Q2 FY26

Time-And-Materials Contract$2.9M · 77%

Fixed-Price Contract$839.0K · 23%

Revenue by geography · Q2 FY26

United States$54.6M · 100%

Non-US$1.0K · 0%

Balance sheet, Jun 30, 2026Cash & short-term investments $1.64B · Total debt $26.8M · Total assets $2.26B · Shareholders' equity $1.81B

Dividends

No dividends on record.

Ownership

Institutions 827.47%Insiders —

Shares outstanding 21.95M · Float —

Insiders — filings are in another share unit.

The Form 4 positions here total more than the shares outstanding, so the filings and the share count are not on the same basis — usually an unlisted unit behind the listed one — and no insider percentage is shown.

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
Amazon Com Inc	65.84M	299.96%	13F	Aug 6, 2026
Segra Capital Management, LLC	14.48M	65.95%	13F	Aug 12, 2026
Ares Management LLC	13.84M	63.08%	13F	Aug 14, 2026
Ontario Teachers Pension Plan Board	8.46M	38.56%	13F	Aug 7, 2026
Van Eck Associates Corp	7.12M	32.45%	13F	Aug 14, 2026

Insider tradesForm 4

Date	Insider	Role	Shares	Avg price
Apr 27, 2026	Laura Garcia	officer: Chief Accounting Officer	+1,200	$23.00
Apr 27, 2026	Joel Duling	officer: President, TRISO-X	+100	$23.00
Apr 27, 2026	Kathleen W. Hyle	director	+10,000	$23.00
Apr 27, 2026	Michael J. Wallace Wallace	director	+1,000	$23.00