Security
Terrestrial Energy Inc. Warrant · IMSRW
IMSRWNASDAQWarrantCurrentCIK 2019804Updated Nov 13, 2026
Name history
HCM II Acquisition Corp. · through Oct 29, 2025
IMSRW price & chart
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NASDAQ:IMSRW on TradingView ↗About the company
Terrestrial Energy is a developer of Generation IV nuclear plants powered by its Integral Molten Salt Reactor (IMSR) technology, delivering innovation in efficiency, cost, versatility and functionality. The IMSR Plant is small, modular and designed to supply low-cost, reliable, high-temperature heat and electricity for industrial applications, including data centers and petrochemical synthesis. By extending nuclear energy beyond power markets, the IMSR Plant supports clean firm heat and power, self-reliance, grid reliability and economic growth. Using proven molten salt technology and inexpensive standard-assay low-enriched uranium fuel, Terrestrial Energy is working with regulators, suppliers and partners toward fleet deployment of IMSR Plants across multiple sites in the U.S. in the 2030s. Learn more: terrestrialenergy.com.
In the news
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Recent filings
EFFECT filing
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
EFFECT filing
POS AM filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| AssetsUSD | 243,104,629Source | 233,592,426Source | 289,868,000Source | 240,431,477Source | 377,355Source | 295,168,000Source | 238,369,487Source | 302,980,424Source | 236,066,398Source |
| Property, Plant and Equipment, NetUSD | — | — | 806,000Source | — | — | 831,000Source | — | 834,795Source | — |
| Intangible Assets, Net (Excluding Goodwill)USD | — | — | 688,000Source | — | — | 699,000Source | — | 707,749Source | — |
| Current assets: | |||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | 825,134Source | 130,737,000Source | — | — | 76,946,000Source | 517,160Source | 97,164,391Source | 668,089Source |
| Assets, CurrentUSD | 461,657Source | 1,017,503Source | 274,792,000Source | 289,781Source | 5,000Source | 276,743,000Source | 682,955Source | 299,559,936Source | 820,167Source |
| Prepaid Expense and Other Assets, CurrentUSD | 75,208Source | 90,250Source | 1,274,000Source | 90,250Source | — | 1,779,000Source | 90,250Source | 1,769,264Source | 90,250Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | 3,595,000Source | — | — | 1,919,000Source | — | 1,814,333Source | — |
| Other Assets, NoncurrentUSD | — | — | 76,000Source | — | — | 78,000Source | — | 63,611Source | — |
| LIABILITIES AND EQUITY | |||||||||
| LiabilitiesUSD | 14,997,990Source | 11,094,882Source | 8,214,000Source | 14,252,677Source | 405,018Source | 6,572,000Source | 12,791,714Source | 7,574,182Source | 11,178,624Source |
| Stockholders’ equity: | |||||||||
| Common Stock, Value, IssuedUSD | — | — | 8,000Source | — | — | 8,000Source | — | 8,177Source | — |
| Additional Paid in CapitalUSD | — | — | 424,620,000Source | — | 24,425Source | 421,734,000Source | — | 418,814,641Source | — |
| Retained Earnings (Accumulated Deficit)USD | -14,536,908Source | -10,002,746Source | -144,527,000Source | -13,955,950Source | -52,663Source | -135,128,000Source | -12,079,251Source | -124,624,883Source | -10,306,386Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | — | — | 1,551,000Source | — | — | 1,980,000Source | — | 1,205,906Source | — |
| Stockholders' Equity Attributable to ParentUSD | -14,536,333Source | -10,002,171Source | 281,654,000Source | -13,955,375Source | -27,663Source | 288,596,000Source | -12,078,676Source | — | -10,305,811Source |
| Liabilities and EquityUSD | 243,104,629Source | 233,592,426Source | 289,868,000Source | 240,431,477Source | 377,355Source | 295,168,000Source | 238,369,487Source | 302,980,424Source | 236,066,398Source |
| Current liabilities: | |||||||||
| Liabilities, CurrentUSD | 4,277,990Source | 374,882Source | 6,171,000Source | 2,475,553Source | 405,018Source | 5,048,000Source | 1,401,982Source | 5,917,531Source | 458,624Source |
| Operating Lease, Liability, CurrentUSD | — | — | 1,803,000Source | — | — | 520,000Source | — | 383,223Source | — |
| Operating Lease, Liability, NoncurrentUSD | — | — | 2,006,000Source | — | — | 1,478,000Source | — | 1,600,672Source | — |
| Additional Financial Items | |||||||||
| Accrued Liabilities, CurrentUSD | 3,539,988Source | 246,941Source | — | 2,475,553Source | 251,891Source | — | 1,401,982Source | — | 458,624Source |
| Short-term InvestmentsUSD | — | — | 142,781,000Source | — | — | 198,018,000Source | — | 200,626,281Source | — |
cash flow · annual statements
| Line item | Q4 2025 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -9,399,000Source | -6,249,000Source | — | -10,503,000Source | -6,252,000Source | -28,016,641Source | -11,485,410Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | 145,000Source | 198,000Source | — | 61,000Source | 181,000Source | 1,161,704Source | 1,256,391Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 2,761,000Source | 180,000Source | 3,103,702Source | 670,243Source |
| Changes in operating assets and liabilities: | ||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | — | — | — | -19,163Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 15,401Source | -15,401Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -9,093,000Source | -2,760,000Source | -16,472,912Source | -8,202,934Source |
| Cash flows from investing activities: | ||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -11,506,000Source | -184,000Source | -200,638,289Source | -662,270Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 53,000Source | 163,000Source | 1,055,307Source | 607,866Source |
| Cash flows from financing activities: | ||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 149,000Source | 10,945,000Source | 311,394,447Source | 7,254,268Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -20,218,000Source | 8,296,000Source | 94,142,596Source | -1,578,735Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | 350,389Source | 825,134Source | 130,737,000Source | 32,383,000Source | — | 76,946,000Source | 11,318,000Source | 97,164,391Source | 3,021,795Source |
| Supplemental disclosure of cash flow information: | ||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | — | — | — | 514,431Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | — | 232,000Source | 295,000Source | -140,650Source | 32,201Source |
| Additional Financial Items | ||||||||||
| Amortization of Debt Issuance CostsUSD | — | — | — | — | — | — | — | 517,000Source | 2,137,984Source | 802,573Source |
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | — | — | 25,254Source | 50,176Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | -170,000Source | 97,000Source | — | -34,000Source | -30,000Source | -57,214Source | 617,357Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | — | — | — | — | — | — | 378,000Source | 96,000Source | 807,193Source | 812,849Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | — | — | — | -1,183,289Source |
| General and Administrative ExpenseUSD | — | 1,638,082Source | 278,494Source | 8,029,000Source | 3,531,000Source | 52,663Source | 7,304,000Source | 3,289,000Source | 14,266,775Source | 4,168,576Source |
| Income Tax Expense (Benefit)USD | — | — | — | 78,000Source | 0Source | — | 37,000Source | 0Source | 17,950Source | 20,965Source |
| Net Income (Loss) Attributable to ParentUSD | — | 1,927,839Source | 1,071,221Source | -9,399,000Source | -6,249,000Source | -52,663Source | -10,503,000Source | -6,252,000Source | -28,016,641Source | -11,485,410Source |
| Nonoperating Income (Expense)USD | — | 3,565,921Source | 1,349,715Source | 2,351,000Source | -1,079,000Source | — | 1,465,000Source | -1,374,000Source | -2,802,216Source | -1,110,903Source |
| Operating ExpensesUSD | — | — | — | 11,672,000Source | 5,170,000Source | — | 11,931,000Source | 4,878,000Source | 25,196,475Source | 10,601,899Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | 158,000Source | — | 136Source | — |
| Unrealized Gain (Loss) on InvestmentsUSD | — | — | — | — | — | — | — | — | 1,129,448Source | — |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | —Source | — | — | —Source | — | — | —Source | — | — |
| Investment Income, Interest | — | — | —Source | — | — | — | — | —Source | — | — |
| Noncash Merger Related Costs | — | — | — | — | — | —Source | — | — | — | — |
| Operating Costs and Expenses | — | — | — | — | — | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | — | — | — | — | — | — | — | 248,357Source |
| Operating Income (Loss)USD | — | -1,638,082Source | -278,494Source | -11,672,000Source | -5,170,000Source | -52,663Source | -11,931,000Source | -4,878,000Source | -25,196,475Source | -10,353,542Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | — | -9,321,000Source | -6,249,000Source | — | -10,466,000Source | -6,252,000Source | -27,998,691Source | -11,464,445Source |
| Income Tax Expense (Benefit)USD | — | — | — | 78,000Source | 0Source | — | 37,000Source | 0Source | 17,950Source | 20,965Source |
| Net Income (Loss) Attributable to ParentUSD | — | 1,927,839Source | 1,071,221Source | -9,399,000Source | -6,249,000Source | -52,663Source | -10,503,000Source | -6,252,000Source | -28,016,641Source | -11,485,410Source |
| Earnings Per Share, BasicUSD per share | — | — | — | -0.09Source | -0.1Source | -0.02Source | -0.1Source | -0.1Source | -0.39Source | -0.19Source |
| Earnings Per Share, DilutedUSD per share | — | — | — | -0.09Source | -0.1Source | -0.02Source | -0.1Source | -0.1Source | -0.39Source | -0.19Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | — | 105,935,254Source | 63,170,918Source | 5,000,000Source | 105,861,986Source | 63,170,918Source | 71,646,985Source | 60,414,175Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | — | 105,935,254Source | 63,170,918Source | — | 105,861,986Source | 63,170,918Source | 71,646,985Source | 60,414,175Source |
| Additional Financial Items | ||||||||||
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | — | — | 25,254Source | 50,176Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 2,549Source | 36,366Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | — | — | — | — | — | — | 1,012,872Source | 1,206,215Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | -170,000Source | 97,000Source | — | -34,000Source | -30,000Source | -57,214Source | 617,357Source |
| General and Administrative ExpenseUSD | — | 1,638,082Source | 278,494Source | 8,029,000Source | 3,531,000Source | 52,663Source | 7,304,000Source | 3,289,000Source | 14,266,775Source | 4,168,576Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | -17,127,042Source | -1,374,250Source |
| Nonoperating Income (Expense)USD | — | 3,565,921Source | 1,349,715Source | 2,351,000Source | -1,079,000Source | — | 1,465,000Source | -1,374,000Source | -2,802,216Source | -1,110,903Source |
| Operating ExpensesUSD | — | — | — | 11,672,000Source | 5,170,000Source | — | 11,931,000Source | 4,878,000Source | 25,196,475Source | 10,601,899Source |
| Research and Development ExpenseUSD | — | — | — | 3,498,000Source | 1,441,000Source | — | 4,566,000Source | 1,408,000Source | 9,767,996Source | 5,176,932Source |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | —Source | — | — | —Source | — | — | —Source | — | — |
| Investment Income, Interest | — | — | —Source | — | — | — | — | —Source | — | — |
| Investment Income, Net | — | — | — | — | — | — | —Source | — | — | — |
| Operating Costs and Expenses | — | — | — | — | — | —Source | — | — | — | — |
Offerings
Registration 333-291796
Registration 333-299800
Registration 333-299801
Filing attachments
tmb-ex99d1.htm · 8-K · 2026-11-10
Exhibit 99.1 Terrestrial Energy Reports Third Quarter 2026 Results ~ Selected as Advanced Nuclear Technology Supplier for Ameresco Project at U.S. Army’s Aberdeen Proving Ground, Extending Pipeline into Federal Government and Defense ~ ~ Submits Two Topical Reports to NRC, Completing 2026 Guidance ~ CHARLOTTE, N.C. - November 10, 2026 - Terrestrial Energy Inc. (NASDAQ: IMSR) (“Terrestrial Energy” or “the Company”), a leader in Generation IV molten salt nuclear plants supplying electricity an…
Read attachment ↗tm2628532d2_ex4-6.htm · S-3 · 2026-11-03
Exhibit 4.6 TERRESTRIAL ENERGY INC., Issuer AND [TRUSTEE], Trustee INDENTURE Dated as of [●], 202[●] Senior Debt Securities TABLE OF CONTENTS 1 ARTICLE 1 DEFINITIONS 1 Section 1.01 Definitions of Terms 1 ARTICL…
Read attachment ↗tm2628532d2_ex4-7.htm · S-3 · 2026-11-03
Exhibit 4.7 TERRESTRIAL ENERGY INC., Issuer AND [TRUSTEE], Trustee INDENTURE Dated as of [●], 202[●] Subordinated Debt Securities TABLE OF CONTENTS 1 ARTICLE 1 DEFINITIONS 1 Section 1.01 Definitions of Terms 1 …
Read attachment ↗tmb-20260811xex99d1.htm · 8-K · 2026-08-11
EX-99.1 2 tmb-20260811xex99d1.htm EX-99.1 Exhibit 99.1 Terrestrial Energy Reports Second Quarter 2026 Results ~ NRC Approves PIE Methodology Topical Report, Advancing the IMSR Licensing Basis ~ ~ Texas A&M Agreements Signed Covering Development Activities and Ground Leases Providing Site Control for Completion of-Characterization Work at RELLIS ~ ~ Updates to Estimated Unit-Economics Raises Lifetime Revenue Per Plant to $2.7 Billion from $2.1 Billion with Blended Gross Margin Raised to 3…
Read attachment ↗tmb-20260723xex99d1.htm · 8-K · 2026-07-28
EX-99.1 2 tmb-20260723xex99d1.htm EX-99.1 Exhibit 99.1 Terrestrial Energy Board Adds Industry Veteran Kathryn McCarthy; Announces Second Quarter 2026 Earnings Release and Conference Call Date CHARLOTTE, N.C., July 28, 2026 (BUSINESSWIRE) -- Terrestrial Energy Inc. (NASDAQ: IMSR), a developer of small modular nuclear power plants using its Generation IV Integral Molten Salt Reactor (IMSR), today announced that industry veteran Kathryn McCarthy has been appointed to the Board of Directors. …
Read attachment ↗tmb-20260721xex99d1.htm · 8-K · 2026-07-21
EX-99.1 2 tmb-20260721xex99d1.htm EX-99.1 Exhibit 99.1 Delivering carbon-free thermal and electrical energy J U L Y 2 0 2 6 Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 2 Disclaimer This presentation (this “Presentation”) has been prepared by Terrestrial Energy Inc. (the “Company”) solely for informational purposes. This Presentation is intended to provide a general overview of the Company and its business. This Presentation shoul…
Read attachment ↗