Lightbridge Corporation
ConvictionWeak
IP-/licensing-led fuel-technology developer: design and qualify a next-gen metallic fuel, then commercialize via fabrication partners and reactor-OEM/utility licensing + fuel supply. Currently pre-revenue, entirely R&D spend financed by at-the-market equity issuance.
Revenue
$0 — pre-revenueno product sales (Q1 FY26, qtr ended 31 Mar 2026Rev growth
n/ano revenueGross margin
n/ano revenue/COGSOp margin
negative — operating loss onlyopex $7.6M vs $0 revenue (Q1 FY26Capex intensity
low todaylab/test-program spend via INL, not owned plant); future fabrication facility capex is partner-hosted (Centrus Piketon) and not yet committedMarket cap
~$304MLTBR, ~$8.74, 22.5M sh out, late June 2026Price · 1-year trend
real · weekly$8.42-30% 1yUSD
52-week range
$8 – $28
52w lowas of 2026-07-08 · Yahoo Finance52w high
Primary source
Reported financials — SEC EDGAR
Audited GAAP figures pulled from SEC filings · latest filing 2026-02-26. The audited primary-source spine — not investment advice.
Revenue — annual (GAAP)
FY’21
$0
FY’22
$0
FY’23
$0
FY’24
$0
FY’25
$0
Margins & balance sheet — FY’25
Net cash$215M
The read
Where our coverage leans
Coverage leans bullish
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Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
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