Lightbridge Corporation reported its financial results for the second quarter of 2026, revealing a net loss of $5.8 million for the three months ended June 30, 2026, compared to a net loss of $3.5 million for the same period in 2025. For the first half of 2026, the company recorded a net loss of $12.1 million, an increase from the $8.3 million loss reported in the first half of 2025. The company did not generate any revenue during these periods, maintaining a focus on research and development (R&D) activities related to its advanced nuclear fuel technology.
Operating expenses for the second quarter of 2026 totaled $7.7 million, an 88% increase from $4.1 million in the prior year. This rise was primarily driven by a 150% increase in R&D expenses, which reached $4.0 million, reflecting heightened investment in engineering and project development. General and administrative expenses also rose by 48% to $3.7 million, attributed to increased employee compensation and stock-based compensation. The company reported interest income of $1.9 million for the quarter, significantly higher than the $0.6 million earned in the same quarter of 2025, due to increased cash balances from equity financing.
In terms of operational developments, Lightbridge's cash and cash equivalents increased to $237.5 million as of June 30, 2026, up from $201.9 million at the end of 2025. The company raised $44.4 million from the sale of approximately 3.8 million shares of common stock during the first half of 2026. The total number of shares outstanding rose to 37,404,544, compared to 33,407,495 at the end of 2025. The company continues to focus on its strategic partnerships, particularly with Battelle Energy Alliance, LLC, to advance its nuclear fuel technology at the Idaho National Laboratory.
Looking ahead, Lightbridge anticipates that its R&D expenditures will increase as it evaluates potential sites and develops a conceptual design for a pilot-scale fuel fabrication facility. The company is also exploring various funding options, including government grants and strategic partnerships, to support its long-term commercialization efforts. Management believes that the current cash position is sufficient to fund operations for at least the next 12 months, but acknowledges the need for additional funding to support future R&D activities and operational growth. The company remains committed to advancing its nuclear fuel technology, which it believes will play a significant role in the future of clean energy.
About LIGHTBRIDGE Corp
Lightbridge Corporation develops advanced nuclear fuel technology for water-cooled reactors, including large reactors and small modular reactors (SMRs). Its proprietary metallic fuel aims to improve safety, economics, and proliferation resistance, enabling power uprates and load-following capabilities. Serving utilities, research institutions, and the nuclear industry, the company focuses on fuel design, testing, licensing, and collaboration to support the global shift toward low-carbon, reliable nuclear energy.
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