INCOME TAX |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAX | NOTE 9 — INCOME TAX The Company is a taxable C-Corporation and is subject to U.S. federal and state income taxes primarily related to the Company’s allocable share of any taxable income or loss of its investment in XERC, an affiliate of the Company, as well as any standalone income or loss that the Company generates. XERC is treated as a partnership for U.S. income tax purposes, and for most applicable state and local income tax purposes, and generally does not pay income taxes in most jurisdictions. Instead, XERC’s taxable income or loss is passed through to its members, including X-energy.
The effective income tax rate was 0% for the three and six months ended June 30, 2026. The Company did not record any income taxes for the three and six months ended June 30, 2025 as the Company was a pass through entity for income tax purposes. The effective income tax rate in 2026 differs from the U.S. federal statutory rate primarily due to having a full valuation allowance against all deferred tax assets because of a history of losses. |