Lightbridge Corporation Common Stock (LTBR)

FairStock Score: 22/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with what is known. Lightbridge is a 13-employee research company trying to commercialize nuclear fuel, with a partnership with Studsvik Scandpower. It has no reported revenue in the filed figures I can see. The losses are real and growing: net income was -$7.9M in fiscal year 2023, the year ended 2023-12-31; -$11.8M in fiscal year 2024, the year ended 2024-12-31; and -$19.6M in fiscal year 2025, the year ended 2025-12-31. More recently, net income was -$6.3M in fiscal Q1 2026, the quarter ended 2026-03-31, and -$5.8M in fiscal Q2 2026, the quarter ended 2026-06-30. Free cash flow is -$17.0M trailing twelve months, an FCF yield of -8.0% per FairStock. That is a business consuming capital, not producing it. Quality and moat are unproven because there are no sales and no commercial product yet. Financial health has one odd signal: Altman Z-Score of 61.99 suggests low near-term insolvency risk on the supplied data, but Piotroski F-Score is 0/9 and ROE is -13.91%, ROCE -10.76%. At the 2026-10-13 close of $5.64, FairStock shows P/B of 0.83 and P/E of -7.14. Price below book may look cheap, but book value is being consumed by losses. The 52-week range of $5.49-$31.34 and beta of 2.10 show how speculative this has been. FairStock Score 22/100 and no Lynch category because of four straight loss years. I would need evidence of commercial traction before calling this a sound value.

In plain English: Lightbridge is a small company working on nuclear fuel technology. Its recent filings show no revenue and continuing losses, so the business looks weak and unproven. At the 2026-10-13 close of $5.64, the stock trades below the value of its net assets on the books according to FairStock, but those losses make the cheapness uncertain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer