Terrestrial Energy Inc. /DE/
IMSR Nasdaq Fabricated Plate Work (Boiler Shops) Financials FY2024–FY2025
Last close · Oct 23, 2026
$2.80
2.1%What Terrestrial Energy Inc. /DE/ does
No business description yet.
- Legal name
- Terrestrial Energy Inc. /DE/
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 30, 2026
- Accession · CIK
- 0001104659-26-036846
0002019804
Revenue and margins
Terrestrial Energy Inc. /DE/ had — of revenue in fiscal 2025.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was −$17.5M in fiscal 2025, — of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Terrestrial Energy Inc. /DE/ returned — to shareholders in fiscal 2025. The diluted share count rose 18.6%.
Balance sheet
Cash, debt and the ratios that show how comfortably Terrestrial Energy Inc. /DE/ can carry it.
| Fiscal year end | FY24 | FY25 |
|---|---|---|
| Cash and short-term investments | $3.0M | $298M |
| Current ratio | 3.0x | 50.6x |
| Quick ratio | 3.0x | 50.6x |
| Total assets | $5.3M | $303M |
| Total liabilities | $18.8M | $7.6M |
| Shareholders' equity | −$10.3M | $295M |
| Net debt (− = net cash) | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY24 | FY25 |
|---|---|---|
| Net income is positive | ✕ | ✕ |
| Cash from operations is positive | ✕ | ✕ |
| Return on assets rose | — | ✓ |
| Cash from operations exceeds net income | ✓ | ✓ |
| Debt fell relative to assets | — | — |
| Current ratio rose | — | ✓ |
| Share count didn't rise | — | ✕ |
| Gross margin rose | — | — |
| Revenue rose relative to assets | — | — |
| F-score | — / 3 | — / 6 |
| Accruals ratio | −61.6% | −7.5% |
| Altman Z'' | −70.00 | 45.41 |
2 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY24 | FY25 |
|---|---|---|
| Income statement | ||
| Revenue | $0.2M | — |
| Research and development | $5.2M | $9.8M |
| Operating income | −$10.4M | −$25.2M |
| Pretax income | −$11.5M | −$28.0M |
| Income tax | $0.0M | $0.0M |
| Net income | −$11.5M | −$28.0M |
| Diluted EPS | −$0.19 | −$0.39 |
| Diluted shares | 0.06B | 0.07B |
| Cash flow | ||
| Cash from operations | −$8.2M | −$16.5M |
| Capital expenditure | $0.6M | $1.1M |
| Free cash flow | −$8.8M | −$17.5M |
| Depreciation and amortization | $1.3M | $1.2M |
| Stock-based compensation | $0.7M | $3.1M |
| Balance sheet | ||
| Cash and short-term investments | $3.0M | $298M |
| Finance lease liabilities | — | $0.1M |
| Current assets | $3.3M | $300M |
| Current liabilities | $1.1M | $5.9M |
| Property and equipment, net | $0.8M | $0.8M |
| Intangible assets | $0.6M | $0.7M |
| Total assets | $5.3M | $303M |
| Total liabilities | $18.8M | $7.6M |
| Shareholders' equity | −$10.3M | $295M |
| Margins | ||
| Operating margin | −4,168.1% | — |
| EBITDA margin | −3,662.3% | — |
| Net margin | −4,623.8% | — |
| FCF margin | −3,547.0% | — |
| Returns | ||
| Return on capital employed | −244.9% | −8.5% |
| Return on equity | — | −19.7% |
| Return on assets | −215.4% | −18.2% |
| Return on tangible equity | — | −9.5% |
| Growth | ||
| Share count change | — | 18.6% |
| Financial health | ||
| Current ratio | 3.0x | 50.6x |
| Quick ratio | 3.0x | 50.6x |
| Capital allocation | ||
| Capex / revenue | 244.7% | — |
| Stock comp / revenue | 269.8% | — |
| Quality scores | ||
| Altman Z'' | −70.0 | 45.4 |
| Accruals ratio | −61.6% | −7.5% |
Source: SEC EDGAR XBRL filings (CIK 0002019804). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.