X-Energy, Inc.
For the period ended Mar 31, 2026. Filed Jun 4, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Jun 4, 2026
XE$10.97-1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(166,217) | $(10,212) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 451 | 226 |
| Unit-based compensation | 4,265 | 65 |
| Mark-to-market loss (gain) on warrant liabilities | 108,899 | (10,968) |
| Mark-to-market loss on C-2 Notes | — | 387 |
| Accretion and amortization on investments | (1,122) | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable and unbilled receivables | 5,293 | (22,071) |
| Prepaid and other current assets | (7,118) | (1,622) |
| Due from related parties | 399 | 8,213 |
| Operating lease right-of use assets | 2,694 | 291 |
| Accounts payable and accrued liabilities | 13,621 | (6,053) |
| Long-term deferred revenue | 2,892 | — |
| Accrued interest receivable | (653) | — |
| Other long-term assets | (31,201) | — |
| Due to related parties | 72 | 367 |
| Operating lease liabilities | 473 | (483) |
| Net cash used in operating activities | $(67,252) | $(41,860) |
| Cash flows from investing activities: | ||
| Capital expenditures | (42,967) | (11,225) |
| Reimbursement of capital expenditures under government grant | 28,766 | 9,514 |
| Purchase of investments | (189,906) | — |
| Proceeds from maturities on investments | 38,100 | — |
| Net cash used in investing activities | $(166,007) | $(1,711) |
| Cash flows from financing activities: | ||
| Payments of mezzanine equity issuance costs | — | (2,525) |
| Payment of debt issuance costs | — | (16) |
| Payment of deferred transaction costs | (1,550) | — |
| Proceeds from issuance of Preferred Units | 500 | 53,424 |
| Net cash provided by (used in) financing activities | $(1,050) | $50,883 |
| Net effect of exchange rate | (35) | 30 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (234,344) | 7,342 |
| Cash, cash equivalents and restricted cash at beginning of period | 462,630 | 514,600 |
| Cash, cash equivalents, and restricted cash at end of period | $228,286 | $521,942 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.