X-Energy, Inc.
For the period ended Aug 13, 2026. Filed Aug 13, 2026.
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Aug 13, 2026 · Filed Aug 13, 2026
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Contents
EX-99.1 · (in thousands, except unit and share data)
(in thousands, except unit and share data)
| June 30, 2026 | December 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $1,145,424 | $458,932 |
| Short-term investments | 489,752 | 304,908 |
| Accounts receivable | 40,782 | 32,940 |
| Unbilled receivables and contract assets | 75,359 | 41,529 |
| Prepaid and other current assets | 21,302 | 11,491 |
| Due from related parties | 21,256 | 4,580 |
| Total current assets | 1,793,875 | 854,380 |
| Long-term investments | 264,634 | 261,458 |
| Restricted cash | 4,200 | 3,698 |
| Property and equipment, net | 119,126 | 50,105 |
| Operating lease right-of-use assets | 21,750 | 22,696 |
| Other long-term assets | 51,626 | 18,934 |
| Total assets | $2,255,211 | $1,211,271 |
| LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY AND MEMBERS’ DEFICIT | ||
| Current liabilities | ||
| Accounts payable | $10,700 | $3,363 |
| Accrued liabilities | 86,142 | 51,217 |
| Due to related parties | 7,466 | 4,225 |
| Total current liabilities | 104,308 | 58,805 |
| Long-term deferred revenue | 12,800 | 12,800 |
| Long-term deferred revenue with related parties | 17,527 | 2,353 |
| Long-term operating lease liabilities | 24,929 | 20,887 |
| Warrant liabilities | — | 274,166 |
| Total liabilities | 159,564 | 369,011 |
| Mezzanine equity | ||
| Class A and B common units⁽¹⁾ | — | 95,153 |
| Series A, A-1, B, C, C-1, and D redeemable convertible preferred units⁽¹⁾ | — | 1,971,402 |
| Total mezzanine equity | — | 2,066,555 |
| Preferred Stock: $0.0001 par value per share; 10.0 million shares authorized, no shares issued and outstanding as of June 30, 2026; no shares authorized, issued, and outstanding as of December 31, 2025 | — | — |
| Class A common stock: $0.0001 par value per share; 1,868.0 million shares authorized, 287.4 million shares issued and outstanding as of June 30, 2026; no shares authorized, issued and outstanding as of December 31, 2025 | 29 | — |
| Class B common stock: $0.0001 par value per share; 132.0 million shares authorized, 118.9 million shares issued and outstanding as of June 30, 2026; no shares authorized, issued and outstanding as of December 31, 2025 | 12 | — |
| Accumulated deficit | (59,090) | (1,236,345) |
| Accumulated other comprehensive income (loss) | 306 | (117) |
| Additional paid-in capital | 1,873,512 | 12,167 |
| Total equity (deficit) attributable to X-Energy, Inc. | 1,814,769 | (1,224,295) |
| Non-controlling interests | 280,878 | — |
| Total stockholders’ equity and members’ deficit | 2,095,647 | (1,224,295) |
| Total liabilities, mezzanine equity, and stockholders’ equity and members’ deficit | $2,255,211 | $1,211,271 |
(1)
See Note 10 —Stockholders’ Equity and Mezzanine Equityto the condensed consolidated financial statements in the Company's Quarterly Report on Form 10-Q for the period ended June 30, 2026 filed with the U.S. Securities and Exchange Commission for a breakdown of mezzanine equity units.
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