| Line Item | 2025-12-31 | Y/Y |
|---|---|---|
| R&D Expense | $1.4M | +1750.7% |
| SG&A Expense | $32.3M | — |
| Operating Income | -$33.7M | — |
| Pre-tax Income | $539.5M | — |
| Income Tax | $10K | +0.0% |
| Net Income | $539.5M | — |
| EPS (Basic) | $9.74 | — |
| EPS (Diluted) | $9.74 | — |
| Line Item | 2025-12-31 | Y/Y |
|---|---|---|
| Cash & Equivalents | $102.9M | — |
| Accounts Receivable | $4K | — |
| Current Assets | $106.0M | — |
| Total Assets | $106.1M | — |
| Current Liabilities | $3.2M | +5860.4% |
| Total Liabilities | $199.7M | — |
| Stockholders' Equity | -$93.6M | — |
| Line Item | 2025-12-31 | Y/Y |
|---|---|---|
| Operating Cash Flow | -$10.3M | — |
| Investing Cash Flow | -$108K | — |
| Financing Cash Flow | $112.3M | — |
Business Overview
Terra Innovatum Global N.V. is a leading micro-modular nuclear solutions company that designs and aims to commercialize the SOLO reactor, a 1MWe compact nuclear reactor designed to operate continuously for 15 years without refueling using low-enriched uranium fuel. The company completed its business combination with GSR III Acquisition Corp. on October 9, 2025, and commenced trading on Nasdaq under the symbol NKLR on October 10, 2025. Terra targets commercial deployment of SOLO by 2028 to address growing global demand for sustainable, reliable, zero-carbon energy across diverse sectors including industrial operations, data centers, and remote locations.
Forward Guidance
"Terra Innovatum aims to deploy SOLO by 2028 to address the growing global demand for sustainable and reliable energy." "Our regulatory engagement plan was submitted to the Nuclear Regulatory Commission in early 2025, and we are targeting licensing and commercial deployment of our First-of-a-Kind (FOAK) reactor by 2028."
Key Risk Factors
The company has incurred losses since inception with no revenue generated and expects continued losses for the foreseeable future. There is limited operating experience and regulatory precedent for micro-modular reactors of SOLO's type and scale, creating risks of greater than expected construction costs, maintenance requirements, and delivery delays. Terra requires substantial additional funding to fulfill its business plan, with future financing potentially dilutive to investors and dependent on uncertain market conditions. The business faces regulatory and political uncertainties including changes in government policies, public perception of nuclear energy, and evolving regulatory pathways still being developed for this new reactor class. Cost estimates are highly sensitive to broader economic factors including inflation, foreign currency fluctuations, and volatile energy markets.