Hadron Energy 3Q 2026: EPS ($0.08) — 10-Q Summary

Hadron Energy reported no revenue in the quarter, consistent with its pre-commercial stage. Net loss narrowed year over year, as the prior-year quarter included a $21.6M SAFE fair-value loss; this quarter included $543K of other income, including warrant-liability remeasurement gains and interest income, partly offset by higher research, development and administrative costs.

Financial Highlights

² Reported as “Net income (loss) attributable to common shareholders”. ³ Reported as “Net loss per share - Diluted”.

Business Highlights

• Research and development: Costs rose to $1.28M from $195K as the company added R&D personnel and increased technology spending on its pressurized light-water micro modular reactor.
• General and administrative: Costs increased to $2.33M from $930K, primarily due to higher personnel-related costs and third-party advisory services.
• Regulatory: The NRC issued a final safety evaluation in May 2026 approving Revision 3 of the company’s Quality Assurance Program Description Topical Report for future licensing applications.
• Partnerships: A non-binding MOU with Smartland Energy covers potential Hadron Halo deployment across up to five qualified projects, representing approximately 1.8 gigawatts of aggregate capacity demand by 2035.

Original SEC Filing: Hadron Energy, Inc. [ HDRN ] - 10-Q - Nov. 09, 2026