X-Energy IPO: revenue, losses and offering terms from its S-1
X-Energy priced its IPO at $23 a share on 27 Apr 2026 and raised $1.0 billion. Its shares trade on Nasdaq as XE. Revenue was $109 million in 2025, down 9% from 2024, with a net loss of $390 million.
Headlines
- Revenue, 2025
- $109M
- Down 9% on the year before
- Net loss, 2025
- $390M
- IPO price
- $23
- $1.0B raised
X-Energy IPO terms
From the final prospectus (424B4).
- Exchange
- Nasdaq Stock Market LLC
- Ticker
- XE
- IPO price
- $23
- Shares offered
- 44,254,659
- Raised
- $1.0B
- Registered
- $936M, the amount the filing fee is paid on
- Underwriters
- J.P. Morgan, Morgan Stanley and Jefferies, with 6 more banks
- First filed
- 20 Mar 2026
X-Energy revenue and profit
| Period | Revenue | Operating income | Net income |
|---|---|---|---|
| 2024 | $120M | - | -$126M |
| 2025 | $109M | -$170M | -$390M |
X-Energy share structure and company facts
- Share classes and votes
- Class A: 1 vote, Class B: 1 vote
- Employees
- 916
- Headquarters
- Rockville, Maryland
X-Energy shares since the IPO
Latest close 26 Oct 2026
- IPO price
- $23
- Priced 27 Apr 2026
- First close
- $35.98
- +56% on the IPO price
- Latest close
- $10.69
- -54% on the IPO price
X-Energy's IPO filings
The registration statement, each amendment and the final prospectus, oldest first.
About the data
- Terms and financials are read from X-Energy's newest prospectus (424B4 filed 27 Apr 2026) by a Kadoa workflow. Check figures that matter against the filing.
- Registered is the amount the filing fee is paid on, often a placeholder before the price range is set.
- Raised is the IPO price times the shares sold, without the underwriters' option. Trading compares the first and latest close with the IPO price.