Terrestrial Energy (IMSR)
NASDAQ:IMSR
Top Page
Terrestrial Energy
(NASDAQ:IMSR)
Select Model
Select Model
Rating:51Neutral
Price Target:
$6.00
▼(-3.85% Downside)
Action:ReiteratedDate:04/02/26
IMSR scores in the low-50s primarily due to very weak current financial performance (pre-revenue, widening losses and cash burn) and bearish technical trends. These are partially offset by a stronger post-combination balance sheet and a positive earnings-call outlook highlighting funding strength, regulatory progress, and defined 2026 milestones.
Positive Factors
Balance sheet / Funding
A materially stronger post-combination capital base—with roughly $298M cash, ~ $295M equity and negligible debt—provides durable runway to fund licensing, pilot and early commercial work. This reduces near-term financing pressure and supports multi-quarter execution of 2026 milestones.
Negative Factors
Pre-revenue / Widening losses
The company remains pre-revenue with materially widened losses in 2025, reflecting heavy R&D and G&A investment. Persistent negative profitability means durable value creation depends on converting pilots and licensing into contracted, revenue-generating projects—a multi-year execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet / Funding
A materially stronger post-combination capital base—with roughly $298M cash, ~ $295M equity and negligible debt—provides durable runway to fund licensing, pilot and early commercial work. This reduces near-term financing pressure and supports multi-quarter execution of 2026 milestones.
Read all positive factors
Terrestrial Energy (IMSR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$661.04M
Dividend YieldN/A
Average Volume (3M)1.54M
Price to Earnings (P/E)―
Beta (1Y)0.39
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees143
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)N/A
Shares Outstanding105,935,265
10 Day Avg. Volume1,179,449
30 Day Avg. Volume1,537,494
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)1.48
Price to Sales (P/S)0.00
P/FCF Ratio-24.85
Enterprise Value/Market Cap0.63
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda-53.15
Forecast
1Y Price Target
$15.00Price Target Upside140.38% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Terrestrial Energy Business Overview & Revenue Model
Company Description
A developer of advanced nuclear power solutions, specifically small modular molten salt reactors (their “IMSR” technology)–designed to provide low-carbon, high-temperature industrial heat and electricity. It recently completed a business combinati...
How the Company Makes Money
Terrestrial Energy’s business model is centered on monetizing its IMSR reactor technology through commercialization activities tied to deploying IMSR plants. The primary ways the company expects to generate revenue are: (1) technology licensing an...
Terrestrial Energy Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
20
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 0.00 | 0.00 | 248.36K | 18.61K |
| Gross Profit | 0.00 | 0.00 | 248.36K | 18.61K |
| EBITDA | -7.80M | -22.50M | -8.90M | -11.90M |
| Net Income | -7.61M | -28.02M | -11.49M | -13.91M |
Balance Sheet | ||||
| Total Assets | 243.10M | 302.98M | 5.33M | 7.89M |
| Cash, Cash Equivalents and Short-Term Investments | 350.39K | 297.79M | 3.02M | 4.60M |
| Total Debt | 400.00K | 2.07M | 16.98M | 10.97M |
| Total Liabilities | 15.00M | 7.57M | 18.82M | 12.77M |
| Stockholders Equity | 228.11M | 295.41M | -13.49M | -5.41M |
Cash Flow | ||||
| Free Cash Flow | -7.98M | -17.61M | -8.87M | -10.27M |
| Operating Cash Flow | -7.43M | -16.47M | -8.20M | -9.16M |
| Investing Cash Flow | -557.76K | -200.64M | -662.27K | -1.10M |
| Financing Cash Flow | 37.44M | 311.39M | 7.25M | 10.13M |
Terrestrial Energy Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% |
* Utilities Sector Average
Performance Comparison
Terrestrial Energy Corporate Events
Business Operations and StrategyDelistings and Listing ChangesM&A TransactionsPrivate Placements and Financing
Terrestrial Energy Highlights Transformational Year in Shareholder Letter
Positive
Jan 29, 2026
On January 29, 2026, Terrestrial Energy issued a shareholder letter describing 2025 as a transformational year that saw the company transition to a publicly listed entity on Nasdaq under the ticker IMSR, while strengthening its regulatory, technol...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.