Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data Terrestrial Energy Inc. /DE/ files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2024
FY2025
Revenue
0.25
Research and development
5.18
9.77
General and administrative
4.17
14.3
Operating expenses
10.6
25.2
Operating income
-10.4
-25.2
Interest income
0.06
1.27
Other non-operating income
-1.11
-2.8
Pre-tax income
-11.5
-28
Income tax
0.02
0.02
Net income
-11.5
-28
EBITDA
-9.1
-24
EPS, basic
-0.19
-0.39
EPS, diluted
-0.19
-0.39
Shares, basic (weighted)
60.4
71.6
Shares, diluted (weighted)
60.4
71.6
Balance sheet
FY2024
FY2025
Cash and equivalents
3.02
97.2
Short-term investments
201
Other current assets
0.27
1.77
Total current assets
3.29
300
Property, plant and equipment
0.77
0.84
Lease right-of-use assets
0.62
1.81
Intangible assets
0.62
0.71
Long-term investments
235
Other non-current assets
0.03
0.06
Total assets
5.33
303
Accounts payable
0.37
4.48
Accrued liabilities
0.46
0.09
Total current liabilities
1.1
5.92
Lease liabilities
0.6
1.6
Total liabilities
18.8
7.57
Paid-in capital
82.8
419
Retained earnings
-96.6
-125
Other comprehensive income
0.34
1.21
Shareholders' equity
-10.3
295
Total equity
-13.5
295
Total liabilities and equity
5.33
303
Shares outstanding
39.2
81.8
Cash flow statement
FY2024
FY2025
Net income
-11.5
-28
Depreciation and amortization
1.26
1.16
Stock-based compensation
0.67
3.1
Deferred income tax
-0.02
0.02
Change in receivables
0.02
Change in payables
-0.2
5.37
Cash from operations
-8.2
-16.5
Capital expenditures
-0.61
-1.06
Purchases of investments
-199
Cash from investing
-0.66
-201
Stock issued
0
Cash from financing
7.25
311
Exchange rate effect
0.03
-0.14
Net change in cash
-1.58
94.1
Free cash flow
-8.81
-17.5
Interest paid
0.51
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $4.31 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-12.6%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-12.2%
Net income / average total assets.
Return on invested capital (ROIC)
-20.3%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Growth
Metric
Value
How it is calculated
Total assets growth, 1y
5,583.0%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
18.6%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
44.5x
Current assets / current liabilities.
Quick ratio
44.3x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
44.3x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share
-$0.23
Cash from operations / diluted weighted shares.
Book value per share
$3.40
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/B
1.62x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.62x
Market cap / tangible book value, when positive.
Earnings yield
-7.8%
Net income / market cap (the inverse of P/E).
Was Terrestrial Energy Inc. /DE/ profitable in fiscal 2025?
No. It reported a net loss of $28.0M.
How much free cash flow did Terrestrial Energy Inc. /DE/ generate in fiscal 2025?
Cash from operations of $16.5M minus capital expenditures of $1.1M left free cash flow of -$17.5M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.