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Lightbridge
(NASDAQ:LTBR)
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Rating:53Neutral
Price Target:
$8.00
▲(6.67% Upside)
Action:Reiterated
Date:08/09/26
LTBR scores as a higher-risk, development-stage company: the largest drag is weak financial performance (no revenue, ongoing losses, and consistent cash burn), only partially mitigated by a debt-free balance sheet and strong cash position. The earnings call adds support due to credible technical milestones and partnerships, but rising costs and contingent outcomes temper the outlook. Technicals are modestly constructive short term but remain weaker over longer horizons, and valuation is constrained by negative earnings and no dividend support.
Positive Factors
Advancing Fuel Validation and Licensing Readiness
Successful ATR sample removal and planned examination create measured performance data for fuel models and NRC licensing work. This advances a critical technical step and could reduce development uncertainty if results support commercial reactor deployment.
Negative Factors
No Revenue and Persistent Operating Losses
Lightbridge has not yet demonstrated commercial revenue or operating profitability, leaving its business model dependent on future licensing, partnerships, and successful deployment. Persistent losses increase the uncertainty around when intellectual property can generate durable returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Advancing Fuel Validation and Licensing Readiness
Successful ATR sample removal and planned examination create measured performance data for fuel models and NRC licensing work. This advances a critical technical step and could reduce development uncertainty if results support commercial reactor deployment.
Read all positive factors
Lightbridge (LTBR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$301.54M
Dividend YieldN/A
Average Volume (3M)838.46K
Price to Earnings (P/E)―
Beta (1Y)2.59
Revenue GrowthN/A
EPS Growth9.99%
CountryUS
Employees13
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.76
Shares Outstanding37,458,090
10 Day Avg. Volume723,595
30 Day Avg. Volume838,462
Financial Highlights & Ratios
PEG Ratio12.80
Price to Book (P/B)1.53
Price to Sales (P/S)0.00
P/FCF Ratio-21.70
Enterprise Value/Market Cap<0.01
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Lightbridge Business Overview & Revenue Model
Company Description
Lightbridge Corporation (LTBR) is a nuclear fuel technology company focused on developing advanced nuclear fuel designs intended for use in existing light water reactors. The company’s core offering is its proprietary metallic nuclear fuel technol...
How the Company Makes Money
Lightbridge’s business model is centered on commercializing its nuclear fuel technology and related intellectual property. The company’s expected revenue sources are primarily: (1) licensing and royalty income from nuclear fuel fabricators and/or ...
Lightbridge Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 10, 2026
Earnings Call Sentiment Positive
The call conveyed meaningful technical and commercial progress — ATR sample removal and planned PIE, Studsvik CMS5 integration, fabrication planning, HALEU supply discussions, and a strong cash position — while also highlighting increased operating expenses, a larger net loss, and a year-over-year decline in financing proceeds. Most technical milestones and strategic partnerships are positive and de-risk development pathways, but several key outcomes remain contingent and costs are rising as the organization scales.Positive Updates
Successful ATR Sample Removal and Upcoming Post-Irradiation Examination
Initial batch of Lightbridge fuel material samples was removed from the Advanced Test Reactor (ATR) on May 6, 2026; samples are cooling and post-irradiation examination (PIE) is expected later in 2026 to produce first measured material-property data under initial burn-up conditions for model validation and licensing.
Negative Updates
Widening Net Loss
Net loss of $12.1 million for the first half of 2026 compared to $8.3 million for the first half of 2025, an increase of $3.8 million (approximately +45.8%), reflecting higher operating costs tied to development and team expansion.
Read all updates
Q2-2026 Updates
Positive
Negative
Successful ATR Sample Removal and Upcoming Post-Irradiation Examination
Initial batch of Lightbridge fuel material samples was removed from the Advanced Test Reactor (ATR) on May 6, 2026; samples are cooling and post-irradiation examination (PIE) is expected later in 2026 to produce first measured material-property data under initial burn-up conditions for model validation and licensing.
Read all positive updates
Company Guidance
Management guided that post‑irradiation examination of ATR fuel samples removed May 6 (24 Lightbridge personnel onsite) is expected to begin later this year and will feed fuel‑performance models and NRC licensing work, that hiring will continue through the balance of this year and into 2027–2028, and that a Q2 task order with Momentum launched feasibility/site selection and a conceptual design for a commercial expandable fuel facility plus evaluation of a pilot fabrication capability; financially, Lightbridge held ~$237.5M in cash and equivalents as of 06/30/2026 (vs ~$201.9M at 12/31/2025), used ~ $8.3M in H1 operations, generated ~$43.9M net from financing (down $19.6M from $63.5M prior year) including ~$44.4M net proceeds from issuance of ~3.8M ATM shares, reported a H1 net loss of ~$12.1M, R&D of $7.3M (vs $3.3M), G&A of $8.0M (vs $6.0M), R&D stock‑based comp $1.1M and G&A stock‑based comp $2.8M, and other income of $3.2M; the company also announced a nonbinding MOU with Centrus re potential HALEU supply from Vanguard (planned up to 18 MT/year), a Studsvik partnership (75 years, 540 people, 7 countries) to model the fuel in CMS5, and cited DOE UPRISE’s ~5 GW target and ~440 operating reactors as market context.Lightbridge Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
68
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -20.05M | -19.58M | -11.79M | -7.91M | -7.50M | -8.00M |
| Net Income | -23.39M | -19.58M | -11.79M | -7.91M | -7.50M | -7.84M |
Balance Sheet | ||||||
| Total Assets | 240.63M | 203.83M | 40.95M | 29.40M | 29.47M | 24.96M |
| Cash, Cash Equivalents and Short-Term Investments | 237.47M | 201.86M | 39.99M | 28.60M | 28.90M | 24.75M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.05M | 847.45K | 424.58K | 486.33K | 350.33K | 171.52K |
| Stockholders Equity | 238.58M | 202.99M | 40.53M | 28.91M | 29.12M | 24.79M |
Cash Flow | ||||||
| Free Cash Flow | -16.97M | -14.28M | -9.49M | -6.49M | -6.77M | -11.05M |
| Operating Cash Flow | -16.97M | -14.28M | -9.49M | -6.48M | -6.76M | -11.04M |
| Investing Cash Flow | -12.21K | -10.53K | 0.00 | -640.00 | -6.64K | -16.02K |
| Financing Cash Flow | 156.55M | 176.16M | 20.89M | 6.18M | 10.92M | 14.27M |
Lightbridge Technical Analysis
Negative
7.50
Price Trends
8.55
Negative
10.17
Negative
12.60
Negative
Market Momentum
-0.13
Positive
39.37
Neutral
9.59
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LTBR, the sentiment is Negative. The current price of 7.5 is below the 20-day moving average (MA) of 8.44, below the 50-day MA of 8.55, and below the 200-day MA of 12.60, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 39.37 is Neutral, neither overbought nor oversold. The STOCH value of 9.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LTBR.
Lightbridge Risk Analysis
Lightbridge disclosed 2 risk factors in its most recent earnings report. Lightbridge reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
Lightbridge Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $1.49B | 17.63 | 47.41% | 5.73% | 2.17% | -66.19% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | $301.54M | -10.13 | -11.51% | ― | ― | 9.99% | |
53 Neutral | $1.62B | -2.79 | -31.69% | ― | 29.71% | 11.38% | |
50 Neutral | $746.13M | -4.09 | -66.93% | ― | 34.88% | -18.59% | |
48 Neutral | $1.34B | -2.03 | -144.49% | ― | 426.99% | 36.20% | |
48 Neutral | $529.38M | -4.98 | -19.68% | ― | -51.49% | 14.04% |
* Industrials Sector Average
LTBR
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7.70
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-45.85%
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ENVX
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SLDP
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Lightbridge Corporate Events
Business Operations and StrategyExecutive/Board Changes
Lightbridge Promotes Mushakov to Chief Operating Officer
Positive
Aug 7, 2026
On August 6, 2026, Lightbridge Corporation’s board promoted Andrey Mushakov from Executive Vice President, Nuclear Operations to Executive Vice President and Chief Operating Officer, without changing his existing compensation or making relat...
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.