XE - X-Energy, Inc. Class A Common Stock
Price:
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$33.50
DETAILS
HIGH:
$57.00
LOW:
$9.00
MEDIAN:
$36.00
CONSENSUS:
$33.50
UPSIDE:
116.83%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q2 | 2025 Q1 | 2024 Q4 |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Revenue | 54.6 | 43.4 | 33.8 | 16.9 | 17.1 | 23.7 |
| Cost of Revenue | 87.3 | 65.4 | 57.7 | 36.1 | 28.7 | 31.2 |
| Gross Profit | (32.7) | (21.9) | (23.8) | (19.2) | (11.6) | (7.5) |
| Operating Expenses | ||||||
| R&D Expenses | 0.2 | 0.1 | 0.3 | 0.8 | 0.4 | 0.7 |
| SG&A Expenses | 77.7 | 44.1 | 38.9 | 27.3 | 18.0 | 16.1 |
| Other Expenses | (0.6) | 0 | (2.5) | (4.6) | (3.7) | 44.8 |
| Operating Expenses | 77.3 | 44.2 | 36.7 | 23.6 | 14.7 | 61.6 |
| Operating Income | ||||||
| Operating Income | (110.0) | (66.1) | (60.5) | (42.8) | (26.3) | (69.1) |
| Interest Expense | 0 | 0 | 0 | 0.4 | 0.1 | 0 |
| Interest Income | 11.0 | 8.9 | 5.5 | 5.0 | 5.5 | 2.6 |
| Profitability | ||||||
| EBITDA | (109.4) | (65.7) | (60.1) | (42.5) | (9.9) | (13.6) |
| EBIT | (110.0) | (66.1) | (60.5) | (42.8) | (10.1) | (13.8) |
| Income Before Tax | (105.3) | (166.2) | (71.7) | (88.8) | (10.2) | (47.2) |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | (59.1) | (166.2) | (71.7) | 0 | (10.2) | (47.2) |
| Per Share Data | ||||||
| EPS (Basic) | -0.21 | -0.61 | – | – | -0.04 | -2.76 |
| EPS (Diluted) | -0.21 | -0.61 | – | – | -0.04 | -2.76 |
| Shares Outstanding | 280.1 | 20.0 | 0 | 0 | 273.4 | 17.1 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q1 | 2024 Q4 |
|---|---|---|---|---|---|
| Current Assets | |||||
| Cash & Cash Equivalents | 1,145.4 | 224.1 | 458.9 | 514.6 | 514.6 |
| Short-Term Investments | 489.8 | 449.5 | 304.9 | 0 | 0 |
| Net Receivables | 137.4 | 77.3 | 79.0 | 0 | 44.4 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 21.3 | 14.4 | 3.9 | (514.6) | 0 |
| Total Current Assets | 1,793.9 | 774.4 | 854.4 | 0 | 561.9 |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 140.9 | 96.8 | 72.8 | 0 | 16.8 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 264.6 | 270.4 | 261.5 | 0 | 0 |
| Other Non-Current Assets | 55.8 | 54.3 | 22.6 | 0 | 0.8 |
| Total Non-Current Assets | 461.3 | 421.6 | 356.9 | 0 | 17.6 |
| Total Assets | 2,255.2 | 1,196.0 | 1,211.3 | 0 | 579.5 |
| Current Liabilities | |||||
| Account Payables | 10.7 | 10.0 | 3.4 | 0 | 2.3 |
| Short-Term Debt | 1.9 | 2.6 | 0 | 0 | 18.5 |
| Deferred Revenue | 12.8 | 3.8 | 0 | 0 | 0 |
| Other Current Liabilities | 78.9 | 17.7 | 22.2 | 0 | 18.3 |
| Total Current Liabilities | 104.3 | 89.3 | 58.8 | 0 | 64.7 |
| Non-Current Liabilities | |||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 17.9 | 289.3 | (453.8) | 50.6 |
| Total Non-Current Liabilities | 55.3 | 60.7 | 310.2 | (453.8) | 61.0 |
| Total Liabilities | 159.6 | 150.1 | 369.0 | (453.8) | 125.7 |
| Stockholders' Equity | |||||
| Common Stock | 0.0 | 95.3 | 95.2 | 0 | 92.7 |
| Retained Earnings | (59.1) | (1,402.6) | (1,236.3) | 0 | (846.6) |
| Accumulated Other Comprehensive Income | 0.3 | 0.0 | (0.1) | (753.9) | 0.0 |
| Total Stockholders' Equity | 1,814.8 | 1,045.9 | 842.3 | 453.8 | 453.8 |
| Total Liabilities & Equity | 2,255.2 | 1,196.0 | 1,211.3 | 0 | 579.5 |
| Debt Metrics | |||||
| Total Debt | 26.8 | 27.4 | 23.2 | 0 | 31.4 |
| Net Debt | (1,118.6) | (196.7) | (435.7) | (514.6) | (483.2) |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q2 | 2025 Q1 | 2024 Q4 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | (105.3) | (166.2) | (71.7) | 0 | (10.2) | (47.2) |
| Depreciation & Amortization | 0.6 | 0.5 | 0.9 | 0.8 | 0.2 | 0.3 |
| Stock-Based Compensation | 39.7 | 4.3 | 3.5 | 6.4 | 0.1 | 0.1 |
| Change in Working Capital | (36.7) | (13.5) | (29.4) | 8.3 | (21.4) | (4.8) |
| Other Non-Cash Items | 4.4 | 107.8 | 39.4 | (35.4) | (10.6) | 3.4 |
| Operating Cash Flow | (97.3) | (67.3) | (57.2) | (20.0) | (41.9) | (48.2) |
| Investing Activities | ||||||
| Capital Expenditure | (63.3) | (43.0) | (37.9) | (24.4) | (11.2) | (3.9) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (126.6) | (189.9) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 92.8 | 38.1 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 23.5 | 28.8 | (548.7) | 7.4 | 9.5 | 2.3 |
| Investing Cash Flow | (73.6) | (166.0) | (586.6) | (17.0) | (1.7) | (1.6) |
| Financing Activities | ||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | (77.6) |
| Stock Repurchased | 0 | 0 | 0 | 0 | (2.5) | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (10.9) | (1.1) | 675.9 | (0.5) | (0.0) | 613.7 |
| Financing Cash Flow | 1,092.3 | (1.1) | 675.9 | (0.5) | 50.9 | 536.2 |
| Cash Position | ||||||
| Net Change in Cash | 921.3 | (234.3) | 462.6 | (37.3) | 7.3 | 514.6 |
| Cash at Beginning | 228.3 | 462.6 | 0 | 521.9 | 514.6 | 0 |
| Cash at End | 1,149.6 | 228.3 | 462.6 | 484.6 | 521.9 | 514.6 |
| Free Cash Flow | (160.6) | (110.2) | (95.1) | (44.3) | (53.1) | (52.1) |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q2 | 2025 Q1 | 2024 Q4 |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 54.6 | 43.4 | 33.8 | 16.9 | 17.1 | 23.7 |
| Gross Profit | (32.7) | (21.9) | (23.8) | (19.2) | (11.6) | (7.5) |
| Operating Income | (110.0) | (66.1) | (60.5) | (42.8) | (26.3) | (69.1) |
| Net Income | (59.1) | (166.2) | (71.7) | 0 | (10.2) | (47.2) |
| EPS (Diluted) | -0.21 | -0.61 | – | – | -0.04 | -2.76 |
| Balance Sheet | ||||||
| Cash & Equivalents | 1,145.4 | 224.1 | 458.9 | 514.6 | 514.6 | |
| Total Assets | 2,255.2 | 1,196.0 | 1,211.3 | 0 | 579.5 | |
| Total Debt | 26.8 | 27.4 | 23.2 | 0 | 31.4 | |
| Stockholders' Equity | 1,814.8 | 1,045.9 | 842.3 | 453.8 | 453.8 | |
| Cash Flow | ||||||
| Operating Cash Flow | (97.3) | (67.3) | (57.2) | (20.0) | (41.9) | (48.2) |
| Capital Expenditure | (63.3) | (43.0) | (37.9) | (24.4) | (11.2) | (3.9) |
| Free Cash Flow | (160.6) | (110.2) | (95.1) | (44.3) | (53.1) | (52.1) |