Terrestrial Energy Inc (IMSR) Balance Sheet
IMSR balance sheet, 2025
December 31, 2025 · U.S. dollars$303.0M assets = $7.6M liabilities + $295.4M equity
Both columns are drawn to the same scale: what IMSR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
IMSR financial health
Descriptive bands, not a rating. Fiscal 2025.
IMSR balance sheet trends, 2023–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $7.9M2023 | $303.0M2025 | +519.7%/yr | |
| Total liabilities | $12.8M2023 | $7.6M2025 | −23.0%/yr | |
| Shareholders’ equity | −$5.4M2023 | $295.4M2025 | — | |
| Cash & short-term investments | $4.6M2023 | $297.8M2025 | +704.5%/yr | |
| Total debt | $11.0M2023 | $2.1M2025 | −56.5%/yr | |
| Net cash (debt) | −$6.4M2023 | $295.7M2025 | +$302.1M | |
| Working capital | $3.3M2023 | $293.6M2025 | +$290.4M | |
| Book value per share | −$0.062023 | $4.122025 | — | |
| Shares outstanding | 91.7M2023 | 71.6M2025 | −11.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
IMSR assets
IMSR liabilities and equity
IMSR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
IMSR balance sheet
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Assets | |||
| Cash & short-term investments | $297.8M | $3.0M | $4.6M |
| Cash & equivalents | $97.2M | $3.0M | $4.6M |
| Short-term investments | $200.6M | $0 | — |
| Receivables | $92,547 | $254,629 | $385,284 |
| Inventory | $0 | $0 | $0 |
| Other current assets | $1.7M | $15,462 | $78,835 |
| Total current assets | $299.6M | $3.3M | $5.1M |
| Property, plant & equipment (net) | $2.6M | $1.4M | $2.1M |
| Goodwill & intangible assets | $707,749 | $616,972 | $666,108 |
| Long-term investments | $0 | $0 | $0 |
| Other non-current assets | $63,611 | $29,748 | $28,920 |
| Total assets | $303.0M | $5.3M | $7.9M |
| Liabilities | |||
| Accounts payable | $4.5M | $366,321 | $1.2M |
| Short-term debt | $416,585 | $255,303 | $152,298 |
| Total current liabilities | $5.9M | $1.1M | $1.8M |
| Long-term debt | $0 | $16.1M | $10.0M |
| Lease obligations | $2.1M | $902,840 | $1.0M |
| Other long-term liabilities | $1.7M | $1.6M | $1.0M |
| Total liabilities | $7.6M | $18.8M | $12.8M |
| Shareholders' equity | |||
| Common stock & paid-in capital | $10,578 | $738 | $675 |
| Retained earnings (deficit) | −$124.6M | −$96.6M | −$85.1M |
| Accumulated other comprehensive income | $1.2M | $337,189 | −$58,336 |
| Minority interest | — | $0 | $534,611 |
| Total shareholders' equity | $295.4M | −$13.5M | −$5.4M |
| Key figures | |||
| Total debt | $2.1M | $17.0M | $11.0M |
| Net cash (debt) | $295.7M | −$14.0M | −$6.4M |
| Working capital | $293.6M | $2.2M | $3.3M |
| Tangible book value | $294.7M | −$14.1M | −$6.1M |
| Book value per share | $4.12 | −$0.15 | −$0.06 |
| Shares outstanding | 71.6M | 91.7M | 91.7M |
| Current ratio | 50.62 | 2.98 | 2.79 |
| Quick ratio | 50.34 | 2.97 | 2.75 |
| Debt / equity | 0.01 | — | — |
| Equity / assets | 97.5% | −253.0% | −68.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $273.5M | $275.0M | $297.8M | $350,389 | $32.4M | $11.3M | $3.0M | $825,134 |
| Cash & equivalents | $130.7M | $76.9M | $97.2M | $350,389 | $32.4M | $11.3M | $3.0M | $825,134 |
| Short-term investments | $142.8M | $198.0M | $200.6M | — | — | — | — | — |
| Receivables | $0 | $0 | $92,547 | $4,466 | $4,466 | $4,466 | $128,915 | $41,250 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $1.3M | $1.8M | $1.7M | $106,802 | $461,924 | $235,206 | $141,176 | $151,119 |
| Total current assets | $274.8M | $276.7M | $299.6M | $461,657 | $32.8M | $11.6M | $3.3M | $1.0M |
| Property, plant & equipment (net) | $4.4M | $2.8M | $2.6M | $0 | $1.5M | $1.4M | $1.4M | $0 |
| Goodwill & intangible assets | $688,000 | $699,000 | $707,749 | $0 | $657,416 | $1.3M | $616,972 | $0 |
| Long-term investments | $9.9M | $14.9M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $76,000 | $78,000 | $63,611 | $242.6M | $93,487 | $0 | $29,748 | $232.6M |
| Total assets | $289.9M | $295.2M | $303.0M | $243.1M | $35.1M | $13.7M | $5.3M | $233.6M |
| Liabilities | ||||||||
| Accounts payable | $4.3M | $4.5M | $4.5M | — | $3.7M | $3.9M | $366,321 | — |
| Short-term debt | $1.8M | $553,000 | $416,585 | $400,000 | $243,731 | $260,998 | $355,303 | — |
| Total current liabilities | $6.2M | $5.0M | $5.9M | $4.3M | $29.8M | $4.1M | $1.1M | $374,882 |
| Long-term debt | $0 | $0 | $0 | $0 | $25.7M | $25.0M | $0 | $0 |
| Lease obligations | $3.9M | $2.1M | — | — | $843,657 | $832,768 | — | — |
| Other long-term liabilities | $2.0M | $1.5M | $1.7M | $10.7M | $3.0M | $1.8M | $17.7M | $10.7M |
| Total liabilities | $8.2M | $6.6M | $7.6M | $15.0M | $58.4M | $30.9M | $18.8M | $11.1M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $10,000 | $10,000 | $10,578 | $242.6M | $1,269 | $738 | $6,317 | $232.5M |
| Retained earnings (deficit) | −$144.5M | −$135.1M | −$124.6M | −$14.5M | −$109.1M | −$102.3M | −$96.6M | −$10.0M |
| Accumulated other comprehensive income | $1.6M | $2.0M | $1.2M | — | $72,289 | −$489,265 | $337,189 | — |
| Total shareholders' equity | $281.7M | $288.6M | $295.4M | $228.1M | −$23.3M | −$17.2M | −$13.5M | $222.5M |
| Key figures | ||||||||
| Total debt | $3.9M | $2.1M | $2.1M | $400,000 | $26.5M | $25.8M | $17.1M | — |
| Net cash (debt) | $269.6M | $272.9M | $295.7M | −$49,611 | $5.9M | −$14.5M | −$14.1M | — |
| Working capital | $268.6M | $271.7M | $293.6M | −$3.8M | $3.1M | $7.4M | $2.2M | $642,621 |
| Tangible book value | $281.0M | $287.9M | $294.7M | $228.1M | −$23.9M | −$18.6M | −$14.1M | $222.5M |
| Book value per share | $2.66 | $2.73 | $4.12 | $2.79 | −$0.25 | −$0.19 | −$0.15 | — |
| Shares outstanding | 105.9M | 105.9M | 71.6M | 81.7M | 91.7M | 91.7M | 91.7M | — |
| Current ratio | 44.53 | 54.82 | 50.62 | 0.11 | 1.10 | 2.80 | 2.98 | 2.71 |
| Quick ratio | 44.32 | 54.47 | 50.34 | 0.08 | 1.09 | 2.74 | 2.85 | 2.31 |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.00 | — | — | — | — |
| Equity / assets | 97.2% | 97.8% | 97.5% | 93.8% | −66.2% | −125.8% | −253.0% | 95.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
IMSR financial position
At the end of fiscal 2025 (December 31, 2025), Terrestrial Energy had total assets of $303.0 million (up 5,582.7% from a year earlier), total liabilities of $7.6 million and shareholders' equity of $295.4 million. It held $297.8 million in cash and short-term investments against $2.1 million of debt, a net cash position of $295.7 million. Its current ratio was 50.62. In the latest quarter (ended June 30, 2026) total assets were $289.9 million and equity $281.7 million.
Related: IMSR income statement, IMSR cash flow statement, IMSR key metrics. See the IMSR stock overview for the latest quote and news.
IMSR balance sheet FAQ
What are Terrestrial Energy's total assets?
Terrestrial Energy reported total assets of $303.0 million at the end of fiscal 2025 (December 31, 2025), compared with $5.3 million a year earlier.
How much debt does Terrestrial Energy have?
Terrestrial Energy had $2.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.
How much cash does Terrestrial Energy have?
Terrestrial Energy held $297.8 million in cash and short-term investments at the end of fiscal 2025; with $2.1 million of debt that is net cash of $295.7 million.
What is Terrestrial Energy's book value?
Terrestrial Energy's shareholders' equity (book value) was $295.4 million at the end of fiscal 2025, or $4.12 per share.
What is Terrestrial Energy's current ratio?
Terrestrial Energy had current assets of $299.6 million and current liabilities of $5.9 million, a current ratio of 50.62 (it can cover its short-term obligations).
How much goodwill does Terrestrial Energy have?
Terrestrial Energy carried $0.7 million of goodwill and intangible assets, 0.2% of total assets, at the end of fiscal 2025.
Utilities - Regulated Electric: balance sheet
- KEPKorea Electric Power
- EDNEmpresa Distribuidora y Comercializadora Norte Sociedad Anónima
- CEPUCentral Puerto
- CIGCompanhia Energética de Minas Gerais
- CIG.CEnergy of Minas Gerais Co DRC
- DUKDuke Energy
- SOSouthern Company
- SOMNSouthern
- NEENextEra Energy
- ELPCCompanhia Paranaense de Energia - COPEL
- PCGPG&E
- EXCExelon