1.Sales and profit
See section β- Terrestrial Energy Inc. /DE/ lost $28.0M in fiscal 2025.
Terrestrial Energy Inc. /DE/
IMSR Nasdaq Fabricated Plate Work (Boiler Shops) Financials FY2024βFY2025
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3-page PDF: the company, its results and charts with peers.
Last close Β· Oct 23, 2026
$2.80
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KIRAβs summary AI analyst
Hi! I read Terrestrial Energy Inc. /DE/βs latest annual report (fiscal 2025). Here is what stands out:
2 to watch
2.Cash and shareholders
See section β- Free cash flow was β$17.5M in fiscal 2025, β of revenue.
- No open-market insider trades in the last 12 months.
Terrestrial Energy Inc. /DE/ in 30 seconds
Good So-so Weak
Weak
Does it make a profit?
β$28.0M
No. It lost money last year.
For information
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Key numbers, fiscal 2025
Market cap
Last close times the latest diluted share count, so it is approximate.
$297M
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
β
On β$0.39 EPS (TTM)
Sales and profit
Is it selling more, and how much does it keep?
Results dates
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Terrestrial Energy Inc. /DE/ did it, and the next one. Share prices often move a lot on those days.
Next results
November 10, 2026
Tuesday Β· in 16 days
- Time
- Time not announced
- Covers
- Period ended Sep 30, 2026
- Expected EPS
- β$0.14
- Source
- Earnings calendar
No past results dates on file yet.
Revenue and margins
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
FY24
Revenue $0.2M
FY25
Revenue β
FY24
Gross β
Operating β4,168.1%
Net β4,623.8%
FCF β3,547.0%
FY25
Gross β
Operating β
Net β
FCF β
Gross
Operating
Net
FCF
Net income and earnings per share
KIRA Β· Terrestrial Energy Inc. /DE/ lost $28.0M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
FY24
Net income β$11.5M
FY25
Net income β$28.0M
Q2 '24
Net income β$0.1M
Q3 '24
Net income $1.1M
Q1 '25
Net income β$6.3M
Q2 '25
Net income β$6.2M
Q3 '25
Net income $1.9M
Q4 '25
Net income β$31.2M
Q1 '26
Net income β$10.5M
Q2 '26
Net income β$9.4M
FY24
Diluted EPS β$0.19
FY25
Diluted EPS β$0.39
Q2 '24
Diluted EPS β$0.02
Q3 '24
Diluted EPS β
Q1 '25
Diluted EPS β$0.10
Q2 '25
Diluted EPS β$0.10
Q3 '25
Diluted EPS β
Q4 '25
Diluted EPS β
Q1 '26
Diluted EPS β$0.10
Q2 '26
Diluted EPS β$0.09
Cash and shareholders
How much cash comes in, and where does it go?
Cash flow
KIRA Β· Free cash flow was β$17.5M in fiscal 2025, β of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
FY24
Free cash flow β$8.8M
FY25
Free cash flow β$17.5M
Q2 '24
Free cash flow β
Q3 '24
Free cash flow β
Q1 '25
Free cash flow β$2.9M
Q2 '25
Free cash flow β$4.5M
Q3 '25
Free cash flow β
Q4 '25
Free cash flow β
Q1 '26
Free cash flow β$9.1M
Q2 '26
Free cash flow β$5.8M
FY24
Cash from operations β$8.2M
Capital spending $0.6M
FY25
Cash from operations β$16.5M
Capital spending $1.1M
Cash from operations
Capital spending
Q2 '24
Cash from operations β
Capital spending β
Q3 '24
Cash from operations β
Capital spending β
Q1 '25
Cash from operations β$2.8M
Capital spending $0.2M
Q2 '25
Cash from operations β$4.1M
Capital spending $0.4M
Q3 '25
Cash from operations $5.8M
Capital spending β
Q4 '25
Cash from operations β$15.4M
Capital spending β
Q1 '26
Cash from operations β$9.1M
Capital spending $0.1M
Q2 '26
Cash from operations β$5.7M
Capital spending $0.1M
Cash from operations
Capital spending
Dividends, buybacks and share count
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
FY24
Dividends β
Buybacks β
FY25
Dividends β
Buybacks β
Dividends
Buybacks
FY24
Diluted shares 0.06B
FY25
Diluted shares 0.07B
Insider trades
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Financial health
Can it carry its debts, and how well does it use its money?
Balance sheet
Cash, debt and the ratios that show how comfortably Terrestrial Energy Inc. /DE/ can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
FY24
Cash $3.0M
Debt β
FY25
Cash $298M
Debt β
Cash
Debt
| 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 | β$10.3M | $295M |
| Net debt (β = net cash) | β | β |
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
FY24
Return on capital β
Return on equity β
Return on assets β215.4%
FY25
Return on capital β
Return on equity β19.7%
Return on assets β18.2%
Return on capital
Return on equity
Return on assets
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY24 | FY25 |
|---|---|---|
| Net income is positive | β | β |
| Cash from operations is positive | β | β |
| Return on assets rose | β | β |
| Cash from operations exceeds net income | β | β |
| Debt fell relative to assets | β | β |
| Current ratio rose | β | β |
| Share count didn't rise | β | β |
| Gross margin rose | β | β |
| Revenue rose relative to assets | β | β |
| F-score | β / 3 | β / 6 |
| Accruals ratio | β61.6% | β7.5% |
| Altman Z'' | β70.00 | 45.41 |
All figures
Every number, year by year.
2 years of figures
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY24 | FY25 |
|---|---|---|
| Income statement | ||
| Revenue | $0.2M | β |
| Research and development | $5.2M | $9.8M |
| Operating income | β$10.4M | β$25.2M |
| Pretax income | β$11.5M | β$28.0M |
| Income tax | $0.0M | $0.0M |
| Net income | β$11.5M | β$28.0M |
| Diluted EPS | β$0.19 | β$0.39 |
| Diluted shares | 0.06B | 0.07B |
| Cash flow | ||
| Cash from operations | β$8.2M | β$16.5M |
| Capital expenditure | $0.6M | $1.1M |
| Free cash flow | β$8.8M | β$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 | β | $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 | β$10.3M | $295M |
| Margins | ||
| Operating margin | β4,168.1% | β |
| EBITDA margin | β3,662.3% | β |
| Net margin | β4,623.8% | β |
| FCF margin | β3,547.0% | β |
| Returns | ||
| Return on capital employed | β244.9% | β8.5% |
| Return on equity | β | β19.7% |
| Return on assets | β215.4% | β18.2% |
| Return on tangible equity | β | β9.5% |
| Growth | ||
| Share count change | β | 18.6% |
| Financial health | ||
| Current ratio | 3.0x | 50.6x |
| Quick ratio | 3.0x | 50.6x |
| Capital allocation | ||
| Capex / revenue | 244.7% | β |
| Stock comp / revenue | 269.8% | β |
| Quality scores | ||
| Altman Z'' | β70.0 | 45.4 |
| Accruals ratio | β61.6% | β7.5% |
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 β not investment advice. Check the original filings before relying on any figure.