IMSR
Terrestrial Energy Inc.Energy·Regulated Electric
$9.13
$755M market cap
Revenue
$0.0M
Free Cash Flow
$-25.6M
Rev Growth
+0.0%
FCF Margin
0.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
A developer of advanced nuclear power solutions, specifically small modular molten salt reactors (their âIMSRâ technology)âdesigned to provide low-carbon, high-temperature industrial heat and electricity. It recently completed a business combination with HCM II Acquisition Corp.
2-Year Price History
$7.62-62.5%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 0.0 | -11.9 | -11.9 | -10.5 | -9.1 | -9.2 | -0.1 | 275.0 | 2.1 | 105.9 | -53.2% | -5935.0x | -- |
| Act | 2025-Q4 | 0.0 | -19.8 | -21.0 | -31.2 | -15.4 | -16.5 | -1.1 | 297.8 | 2.1 | 71.7 | -85.5% | -4.6x | -- |
Valuation & Metrics
Market Stats
Price$9.13
Market Cap$755M
Enterprise Value$482M
P/S Ratio0.0x
P/FCF--
EV/FCF--
FCF Margin (TTM)0.0%
FCF Yield-3.4%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$0.0M
Net Income$-41.7M
Free Cash Flow$-25.6M
Revenue Growth (YoY)+0.0%
EBITDA Margin0.0%
Net Margin0.0%
FCF Margin0.0%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC-69.3%
WC Change % Rev0.0%
Interest Coverage-7.3x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares3.4M
Days to Cover1.1
Change (vs Prior)+5.1%
Need at least 2 settlement dates for chart
Employees
Headcount143
Revenue / Employee$0
Gross Profit / Employee$-8,550
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
15.0%(-2.7% YoY)
76 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
4.1%(-0.4% YoY)
9 filers
Vanguard, iShares, SPDR
Market makers
0.4%(-0.4% YoY)
3 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| EXCHANGE TRADED CONCEPTS, LLC | $12.6M | $6.01 | +$12.6M | +$12.6M | -0.4% | $12.79B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $7.8M | $6.01 | +$7.8M | +$7.8M | — | $4.04T |
| CITADEL ADVISORS LLC | $7.7M | $6.11 | −$4.5M | +$7.7M | -0.4% | $138.22B |
| D. E. Shaw & Co., Inc. | $7.3M | $6.10 | +$813K | +$7.3M | -0.3% | $118.02B |
| BlackRock, Inc.Passive | $6.7M | $6.11 | +$171K | +$6.7M | -0.2% | $5.69T |
| JPMORGAN CHASE & CO | $5.9M | $6.11 | −$583K | +$5.9M | -0.2% | $1.47T |
| Alyeska Investment Group, L.P. | $4.3M | $6.11 | +$0 | +$4.3M | -0.5% | $35.33B |
| LMR Partners LLP | $4.1M | $6.10 | +$616K | +$4.1M | -2.0% | $8.84B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $4.0M | $6.11 | −$823K | +$4.0M | +2.3% | $1.61T |
| Vennlight Capital Management, LP | $3.5M | $6.01 | +$3.5M | +$3.5M | +10.7% | $99.0M |
| WINTON GROUP Ltd | $3.0M | $6.11 | −$901K | +$3.0M | +0.1% | $2.85B |
| UBS Group AG | $3.0M | $6.11 | −$115K | +$3.0M | -0.3% | $562.11B |
| Hudson Bay Capital Management LP | $2.7M | $6.11 | −$1.7M | +$2.7M | +1.9% | $15.12B |
| Verition Fund Management LLC | $2.7M | $6.11 | −$1.9M | +$2.7M | -0.4% | $9.73B |
| RENAISSANCE TECHNOLOGIES LLC | $2.4M | $6.05 | +$1.4M | +$2.4M | +1.2% | $63.91B |
| GOLDMAN SACHS GROUP INC | $2.4M | $6.08 | +$688K | +$2.4M | -0.2% | $760.93B |
| STATE STREET CORPPassive | $2.1M | $6.10 | +$113K | +$2.1M | -0.2% | $2.89T |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $2.0M | $6.11 | −$438K | +$2.0M | +0.7% | $645.81B |
| SUSQUEHANNA INTERNATIONAL GROUP, LLPMM | $2.0M | $6.11 | −$110K | +$2.0M | -0.6% | $77.14B |
| Creek Drive Management Group LLC | $2.0M | $6.01 | +$2.0M | +$2.0M | -1.8% | $159M |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.58%
avg per quarter
Holders (ex-self)
-0.58%
excl. this stock
Buyers (this Q)
-0.61%
54 buyers · $0.04B in
Sellers (this Q)
-0.69%
22 sellers · $0.03B out
alpha coverage: 91% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-5.5%
how holders react when this stock falls
On quiet Qs
-21.3%
−10% to +10% baseline
On rallies (+10%+)
-17.1%
how they react when this stock rises
Holders' portfolio flow this Q
+2.1%
inflows — adds are organic
Sellers' portfolio flow this Q
-3.4%
Sellers shed AUM broadly — partly forced.
Biggest decreases this quarter
Senator Investment Group LPexited−$5.5MCITADEL ADVISORS LLC−$4.5Mα-0.4CANTOR FITZGERALD, L. P.exited−$3.4MHBK INVESTMENTS L Pexited−$3.1MVerition Fund Management LLC−$1.9Mα-0.4JANE STREET GROUP, LLCexited−$1.8MHudson Bay Capital Management LP−$1.7Mα+1.9HIGHBRIDGE CAPITAL MANAGEMENT LLCexited−$1.5MDANSKE BANK A/Sexited−$1.3MWalleye Capital LLCexited−$1.3M
New buyers this quarter
Top-5 holders · 37.8%
EXCHANGE TRADED CONCEPTS, LLC--
VANGUARD CAPITAL MANAGEMENT LLC--
CITADEL ADVISORS LLC--
D. E. Shaw & Co., Inc.--
BlackRock, Inc.--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
EXCHANGE TRADED CONCEPTS, LLC2.1MCITADEL ADVISORS LLC1.3MBALYASNY ASSET MANAGEMENT LLC206KD. E. Shaw & Co., Inc.1.2MJPMORGAN CHASE & CO1.1MSenator Investment Group LP—Verition Fund Management LLC445KMMCAP International Inc. SPC44KHudson Bay Capital Management LP452KAlyeska Investment Group, L.P.722K
Analyst Coverage
Analyst Coverage
Price Targets
Last Year (2 analysts)$13.504790.0%
Current Price$9.13
Corporate
Order Flow (FINRA, ~3w lag)
30.2%retail-8.7pp
13.2%dark-0.3pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.