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Terrestrial Energy (IMSR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Terrestrial Energy
NasdaqGS•Utilities•Utilities - Regulated Electric
$3.22-0.24(-0.07%)Market closed
Market Cap
$316.75M
P/B
1.1x

Terrestrial Energy Inc. engages in the development of small modular nuclear plants using its generation IV integral molten salt reactor (IMSR). The IMSR captures the transformative operating benefits of molten salt reactor technology in a plant design of nuclear energy supply. The company uses a plant design together with molten salt reactor technology and uranium in its fuel for a nuclear plant. Terrestrial Energy Inc. was founded in 2013 and is headquartered in Charlotte, North Carolina.

D

How this company scores

WeakMetricSide Score: 22/100

Grade capped at D — Interest coverage below 1× (-5775.9x) — earnings cannot cover interest. Strongest: Profitability (11/25); weakest: Cash & Earnings Quality (0/25).

Profitability11/25
Growth4/25
Balance Sheet & Red Flags7/25
Cash & Earnings Quality0/25
Strengths
Long cash runwayNet cash positionImproving margins
Grade capped at D
  • Interest coverage below 1× (-5775.9x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 62.7x5y range 53.7x – 62.7x
P/E 62.7x
P/B · 1.1x5y range 1.1x – 2.0x
P/B 1.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume
Market Cap $316.75M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$0
Q. Revenue
$0
TTM EBITDA
$-44.84M
6Q
TTM Op. Income
$-46.21M
6Q
Q. Op. Income
$-11.67M
2Q
TTM Net Income
$-49.21M
3Q
Q. Net Income
$-9.40M
2Q
EPS
$-0.09
2Q
Shares Out.
$105.94M
3Q
$0 in TTM revenue was flat at zero YoY, reaching $0 last quarter. TTM EBITDA of $-44.84M and TTM operating income of $-46.21M show growth is flowing through to the bottom line. However, net income is negative at $49.21M — growth is not yet reaching the bottom line.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
N/A
Op. Margin
-1167200000.0%
2Q
Net Margin
-939900000.0%
2Q
Op. margin of -1167200000.0% is down 1018269300.0% YoY — costs are rising relative to revenue. Net margin at -939900000.0% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
N/A
P/B Ratio
1.1x
P/S of 0.0x and P/B of 1.1x. Over the past year, P/E is up 0% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$289.87M
2Q
Cash
$130.74M
105263%
Long-Term Debt
N/A
Book Value
$281.65M
2Q
D/E Ratio
N/A
Debt/EBITDA
N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$-5.70M
2Q
TTM Free Cash Flow
$-31.94M
6Q
FCF Margin
N/A
FCF / Net Income
0.6
456%
TTM FCF of $-31.94M on $-5.70M in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 6 consecutive quarters — a weakening trend.

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Cash Burn

Red Flag

The last 8 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Share Dilution

Red Flag

Shares outstanding increased 897.9% — significant dilution, likely from stock compensation or capital raises.