LIGHTBRIDGE Corp LTBR
When used in this Annual Report on Form 10-K, the terms "Lightbridge," the "Company," "we," "our," and "us" refer to Lightbridge Corporation together with its wholly-owned subsidiaries, Lightbridge International Holding LLC and Thorium Power Inc.
At Lightbridge, we believe that increasing the supply of reliable electric power is necessary for people and economies to flourish. We are developing next generation nuclear fuel for water-cooled reactors that could significantly improve the economics and safety of existing and new nuclear power plants, large and small, and enhance proliferation resistance of spent nuclear fuel while supplying clean energy to the electric grid or to "behind the meter" customers for electric power, including data centers. We project that the world's energy needs and climate goals can only be met if nuclear power's share of the energy-generating mix grows substantially in the coming decades. We believe Lightbridge can benefit from a growing nuclear power industry, and that our nuclear fuel can help enable that growth to happen.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | $175.4K | $760.6K |
| Cost of revenue | — | — | — | — | — | — | — | — | $107.1K | $456.6K |
| Gross profit | — | — | — | — | — | — | — | — | $68.4K | $304.0K |
| R&D | $9.2M | $4.6M | $1.9M | $669.8K | $1.4M | $891.6K | $2.7M | $3.5M | $2.3M | $2.7M |
| SG&A | $14.0M | $8.5M | $7.1M | $7.5M | $7.2M | $8.3M | $5.8M | $6.7M | $4.4M | $5.2M |
| Total operating expenses | $23.2M | $13.1M | $9.1M | $8.2M | $8.5M | $14.6M | $8.5M | $10.2M | $6.7M | $7.9M |
| Operating income | -$23.2M | -$13.1M | -$9.0M | -$7.8M | -$7.9M | -$14.5M | -$11.1M | -$15.0M | -$6.6M | -$7.6M |
| Interest expense | — | — | — | $289.4K | $8.1K | $83.9K | $393.1K | $258.8K | $16.1K | $29.4K |
| Pre-tax income | -$19.6M | -$11.8M | -$7.9M | -$7.5M | -$7.8M | -$14.4M | -$10.7M | -$15.7M | -$7.1M | -$6.3M |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | — | $0 |
| Net income | -$19.6M | -$11.8M | -$7.9M | -$7.5M | -$7.8M | -$14.4M | -$10.7M | -$15.7M | -$7.1M | -$6.3M |
| EPS, basic | — | — | — | -0.69 | -1.71 | -3.59 | -3.66 | — | — | — |
| EPS, diluted | — | -0.81 | -0.65 | -0.69 | -1.71 | -3.59 | -3.66 | -8.54 | -0.71 | -1.48 |
| Shares, diluted (wtd. avg.) | 24.5M | 14.5M | 12.1M | 10.8M | 7.0M | 4.2M | 3.1M | 2.2M | 10.4M | 4.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $201.9M | $40.0M | $28.6M | $28.9M | $24.7M | $21.5M | $18.0M | $24.6M | $4.5M | $3.6M |
| Receivables | — | — | — | — | — | — | — | — | $10.4K | $388.4K |
| Total current assets | $202.6M | $40.3M | $28.8M | $29.0M | $24.9M | $21.7M | $18.4M | $24.8M | $5.1M | $4.7M |
| Other intangibles | $119.4K | $108.9K | $108.9K | $108.2K | $101.6K | $85.6K | $1.1M | — | — | — |
| Total assets | $203.8M | $41.0M | $29.4M | $29.5M | $25.0M | $21.8M | $19.6M | $26.3M | $6.9M | $6.8M |
| Accounts payable | $847.5K | $424.6K | $486.3K | $350.3K | $171.5K | $382.1K | $350.3K | $258.1K | $1.2M | $1.2M |
| Total current liabilities | $847.5K | $424.6K | $486.3K | $350.3K | $171.5K | $4.6M | $350.3K | $476.3K | $1.2M | $1.2M |
| Total liabilities | — | — | — | — | — | — | — | — | $1.2M | $1.2M |
| Retained earnings | -$183.8M | -$164.2M | -$152.4M | -$144.5M | -$137.0M | -$129.2M | -$114.7M | -$103.5M | -$87.8M | -$80.7M |
| Total equity | $203.0M | $40.5M | $28.9M | $29.1M | $24.8M | $17.2M | $19.2M | $25.3M | $5.8M | $5.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$14.3M | -$9.5M | -$6.5M | -$6.8M | -$11.0M | -$8.6M | -$6.7M | -$7.4M | -$5.0M | -$6.0M |
| Stock-based compensation | $5.8M | $2.1M | $1.3M | $3.5M | $3.1M | $70.3K | $822.8K | $2.4M | $1.2M | $2.0M |
| Capital expenditure | — | — | — | — | — | $210.4K | $221.1K | — | — | — |
| Investing cash flow | -$10.5K | $0 | -$640 | -$6.6K | -$16.0K | -$210.4K | -$3.8M | -$5.8M | -$207.2K | -$209.9K |
| Financing cash flow | $176.2M | $20.9M | $6.2M | $10.9M | $14.3M | $12.4M | $3.8M | $33.4M | $6.1M | $9.1M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001477932-26-001076.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $760.6K | $175.4K | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross profit | $304.0K | $68.4K | — | — | — | — | — | — | — | — |
| Net income | -$6.3M | -$7.1M | -$15.7M | -$10.7M | -$14.4M | -$7.8M | -$7.5M | -$7.9M | -$11.8M | -$19.6M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Other event Item 8.01
- Officer or director change Item 5.02
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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