{"meta":{"as_of":"2026-09-19","revision":5,"skeleton":false,"compiled_at":"2026-09-20T00:11:46.710926+00:00","extract_url":null,"extract_form":null,"authored_hash":"e1ef249c0098a4e4fb42306eed07f752","extract_filed":null,"extract_source":"authored","generated_hash":"4b7ed746a72e70029ab82deeeb83edba","research_stage":"operating_scenarios","business_authored":true,"extract_accession":null,"research_reviewed_at":"2026-09-19"},"model":{"entity":"Oklo Inc.","source":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","quarters":[{"cfo":{"value":-7879000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2025-11-12","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001628280-25-051349","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"fcf":{"value":-7990000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2025-11-12","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001628280-25-051349","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"cash":{"value":91799754.0,"provenance":{"form":"10-Q","class":"reported","filed":"2024-11-14","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001628280-24-047875","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"capex":{"value":111000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2025-11-12","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001628280-25-051349","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"revenue":null,"net_income":{"value":-9960000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-11-12","concept":"NetIncomeLoss","accession":"0001628280-25-051349","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"period_end":"2024-09-30","eps_diluted":{"value":-0.08,"provenance":{"form":"10-Q","class":"reported","filed":"2025-11-12","concept":"EarningsPerShareDiluted","accession":"0001628280-25-051349","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"fiscal_label":"2024Q3","gross_profit":null,"debt_long_term":null,"shares_diluted":{"value":122134375.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-11-12","concept":"WeightedAverageNumberOfDilutedSharesOutstanding","accession":"0001628280-25-051349","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"operating_income":{"value":-12282000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-11-12","concept":"OperatingIncomeLoss","accession":"0001628280-25-051349","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}}},{"cfo":{"value":-13470000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-03-17","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001628280-26-018698","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"fcf":{"value":-13539000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-03-17","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001628280-26-018698","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"cash":{"value":97132000.0,"provenance":{"form":"10-K","class":"reported","filed":"2026-03-17","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001628280-26-018698","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"capex":{"value":69000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-03-17","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001628280-26-018698","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"revenue":null,"net_income":{"value":-12344000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-03-17","concept":"NetIncomeLoss","accession":"0001628280-26-018698","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"period_end":"2024-12-31","eps_diluted":null,"fiscal_label":"2024Q4","gross_profit":null,"debt_long_term":null,"shares_diluted":null,"operating_income":{"value":-15378000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-03-17","concept":"OperatingIncomeLoss","accession":"0001628280-26-018698","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}}},{"cfo":{"value":-12243000.0,"provenance":{"form":"10-Q/A","class":"reported","filed":"2026-06-17","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001849056-26-000037","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"fcf":{"value":-12575000.0,"provenance":{"form":"10-Q/A","class":"derived","filed":"2026-06-17","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001849056-26-000037","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"cash":{"value":90078000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-05-13","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001628280-25-025166","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"capex":{"value":332000.0,"provenance":{"form":"10-Q/A","class":"reported","filed":"2026-06-17","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001849056-26-000037","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"revenue":null,"net_income":{"value":-9810000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-07","concept":"NetIncomeLoss","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"period_end":"2025-03-31","eps_diluted":{"value":-0.07,"provenance":{"form":"10-Q/A","class":"reported","filed":"2026-06-17","concept":"EarningsPerShareDiluted","accession":"0001849056-26-000037","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"fiscal_label":"2025Q1","gross_profit":null,"debt_long_term":null,"shares_diluted":{"value":138109974.0,"provenance":{"form":"10-Q/A","class":"reported","filed":"2026-06-17","concept":"WeightedAverageNumberOfDilutedSharesOutstanding","accession":"0001849056-26-000037","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"operating_income":{"value":-17874000.0,"provenance":{"form":"10-Q/A","class":"reported","filed":"2026-06-17","concept":"OperatingIncomeLoss","accession":"0001849056-26-000037","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}}},{"cfo":{"value":-18471000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-08-07","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"fcf":{"value":-19348000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-08-07","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"cash":{"value":226771000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-07","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"capex":{"value":877000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-08-07","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"revenue":{"value":0.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-07","concept":"RevenueFromContractWithCustomerExcludingAssessedTax","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"net_income":{"value":-24685000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-07","concept":"NetIncomeLoss","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"period_end":"2025-06-30","eps_diluted":{"value":-0.18,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-07","concept":"EarningsPerShareDiluted","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"fiscal_label":"2025Q2","gross_profit":null,"debt_long_term":null,"shares_diluted":{"value":140085498.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-07","concept":"WeightedAverageNumberOfDilutedSharesOutstanding","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"operating_income":{"value":-28015000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-07","concept":"OperatingIncomeLoss","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}}},{"cfo":{"value":-18031000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2025-11-12","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001628280-25-051349","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"fcf":{"value":-23077000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2025-11-12","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001628280-25-051349","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"cash":{"value":410041000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-11-12","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001628280-25-051349","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"capex":{"value":5046000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2025-11-12","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001628280-25-051349","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"revenue":null,"net_income":{"value":-29722000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-11-12","concept":"NetIncomeLoss","accession":"0001628280-25-051349","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"period_end":"2025-09-30","eps_diluted":{"value":-0.2,"provenance":{"form":"10-Q","class":"reported","filed":"2025-11-12","concept":"EarningsPerShareDiluted","accession":"0001628280-25-051349","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"fiscal_label":"2025Q3","gross_profit":null,"debt_long_term":null,"shares_diluted":{"value":150364909.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-11-12","concept":"WeightedAverageNumberOfDilutedSharesOutstanding","accession":"0001628280-25-051349","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"operating_income":{"value":-36309000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-11-12","concept":"OperatingIncomeLoss","accession":"0001628280-25-051349","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}}},{"cfo":{"value":-33429000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-03-17","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001628280-26-018698","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"fcf":{"value":-60379000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-03-17","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001628280-26-018698","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"cash":{"value":788445000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-07","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"capex":{"value":26950000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-03-17","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001628280-26-018698","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"revenue":null,"net_income":{"value":-41446000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-03-17","concept":"NetIncomeLoss","accession":"0001628280-26-018698","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"period_end":"2025-12-31","eps_diluted":null,"fiscal_label":"2025Q4","gross_profit":null,"debt_long_term":{"value":0.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-07","concept":"LongTermDebtNoncurrent","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"shares_diluted":null,"operating_income":{"value":-57096000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-03-17","concept":"OperatingIncomeLoss","accession":"0001628280-26-018698","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}}},{"cfo":{"value":-17867000.0,"provenance":{"form":"10-Q/A","class":"reported","filed":"2026-06-17","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001849056-26-000037","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"fcf":{"value":-50677000.0,"provenance":{"form":"10-Q/A","class":"derived","filed":"2026-06-17","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001849056-26-000037","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"cash":{"value":1594103000.0,"provenance":{"form":"10-Q/A","class":"reported","filed":"2026-06-17","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001849056-26-000037","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"capex":{"value":32810000.0,"provenance":{"form":"10-Q/A","class":"reported","filed":"2026-06-17","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001849056-26-000037","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"revenue":null,"net_income":{"value":-33065000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-07","concept":"NetIncomeLoss","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"period_end":"2026-03-31","eps_diluted":{"value":-0.19,"provenance":{"form":"10-Q/A","class":"reported","filed":"2026-06-17","concept":"EarningsPerShareDiluted","accession":"0001849056-26-000037","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"fiscal_label":"2026Q1","gross_profit":null,"debt_long_term":null,"shares_diluted":{"value":170333746.0,"provenance":{"form":"10-Q/A","class":"reported","filed":"2026-06-17","concept":"WeightedAverageNumberOfDilutedSharesOutstanding","accession":"0001849056-26-000037","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"operating_income":{"value":-51249000.0,"provenance":{"form":"10-Q/A","class":"reported","filed":"2026-06-17","concept":"OperatingIncomeLoss","accession":"0001849056-26-000037","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}}},{"cfo":{"value":-47592000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-08-07","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"fcf":{"value":-141683000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-08-07","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"cash":{"value":1644704000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-07","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"capex":{"value":94091000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-08-07","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"revenue":{"value":1210000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-07","concept":"RevenueFromContractWithCustomerExcludingAssessedTax","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"net_income":{"value":-48536000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-07","concept":"NetIncomeLoss","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"period_end":"2026-06-30","eps_diluted":{"value":-0.28,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-07","concept":"EarningsPerShareDiluted","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"fiscal_label":"2026Q2","gross_profit":null,"debt_long_term":{"value":700000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-07","concept":"LongTermDebtNoncurrent","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"shares_diluted":{"value":176224404.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-07","concept":"WeightedAverageNumberOfDilutedSharesOutstanding","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}},"operating_income":{"value":-73190000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-07","concept":"OperatingIncomeLoss","accession":"0001628280-26-054571","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001849056.json","retrieved_at":"2026-09-20T00:11:46+00:00","reviewed_through":null}}}],"retrieved_at":"2026-09-20T00:11:46+00:00"},"notes":[],"memory":{"as_of":"2026-09-18","bands":{"1d":{"p10":-2.482,"p50":0.075,"p90":2.276,"p_up":0.507},"5d":{"p10":-5.068,"p50":0.413,"p90":6.333,"p_up":0.53},"10d":{"p10":-7.211,"p50":0.22,"p90":9.101,"p_up":0.51}},"state":"down/below/off/stuck/ordinary/weak/alone","reason":null,"coverage":"ok","analogs_n":300,"disclaimer":"Historical distributions of what followed similar states, measured before today's news. Not a forecast; no side."},"schema":"company_file.v1","thesis":{"view":"Groves validates a technical milestone while the investment still depends on converting capital and approvals into commercial facilities. Current liquidity supports execution, but engineering revenue and treasury interest should be separated from future nuclear power economics.","scenario_ranges":"Explicit downside/base/upside business assumptions; not price targets, probabilities or historical market-memory bands.","what_changes_it":"Track the updated cash-use ranges, capitalized versus expensed work, accepted engineering/isotope sales and Aurora deployment readiness."},"no_side":true,"sources":[{"url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","title":"Q2 financial statements and updated annual cash guidance","retrieved":"2026-09-19"},{"url":"https://www.sec.gov/Archives/edgar/data/1849056/000110465926106897/tm2625056d1_8k.htm","title":"September ATM authorization","retrieved":"2026-09-19"},{"url":"https://oklo.com/newsroom/oklos-groves-reactor-achieves-first-criticality-in-under-a-year","title":"Groves low-power test-reactor criticality milestone","retrieved":"2026-09-19"}],"business":{"drivers":["Engineering demand and isotope customer qualification","Powerhouse approvals, fuel readiness and construction schedule","Expensed development, cash PP&E and financing dilution"],"description":"Oklo develops advanced fission powerhouses, fuel capabilities and isotope businesses. Acquired engineering and manufacturing operations already produce limited revenue, while commercial electricity remains a later deployment objective. Program spending, procurement, regulatory milestones and funding determine the path to commercial scale."},"earnings":{"source":"estimated from 10-Q filed 2026-08-07 plus 90 days","next_report_date":"2026-11-05"},"identity":{"cik":1849056,"sic":"4911","name":"Oklo Inc.","symbol":"OKLO","cluster":"Energy, materials & power","exchange":"NYSE"},"research":{"risks":["Regulatory approval and project-specific authorization.","Fuel supply, procurement and construction execution.","Engineering and isotope revenue may remain small or delayed.","Capitalization and acquisition accounting obscure cash comparisons.","Further ATM issuance and equity compensation dilute ownership."],"title":"Technical progress, limited current sales and the deployment cash bill","question":"Can technical milestones become commercial assets within the required cash and regulatory envelope?","economics":"H1 revenue was $1.210M from engineering/manufacturing activity; operating loss was $124.2M. CFO was negative $65.5M and cash PP&E $126.9M. Acquisitions and other investing added $42.2M of business cash use. June cash and marketable securities totaled $3.006B, excluding $16.9M restricted cash. August guidance raised annual operating cash use to $120-150M and PP&E purchases to $400-500M. The base midpoint therefore implies $585M combined full-year operating and PP&E use before other investing. H1 equity proceeds of $1.852B are already reflected in liquidity. The September $1B ATM is capacity, not received funding. Groves achieved first criticality as a low-power test reactor; the filing targets the first powerhouse in 2028, so no power revenue is assumed through 2027.","change_note":"Added updated cash guidance, engineering revenue, treasury separation and Groves/commercial-power distinction.","checkpoints":[{"event":"Operating and PP&E use","watch":"Reconcile August guidance with actual CFO, cash PP&E and strategic investing.","timing":"Next quarterly filing","date_status":"estimated"},{"event":"Commercial sales","watch":"Separate engineering, isotope acceptance and commercial electricity.","timing":"Quarterly customer and segment disclosures","date_status":"estimated"},{"event":"First powerhouse","watch":"Track regulatory, fuel and construction conditions without treating Groves criticality as power delivery.","timing":"2028 company target","date_status":"estimated"}],"countercase":"Technical progress can coexist with rising cash demands. Licensing, fuel availability, first-of-a-kind engineering and customer acceptance may delay commercial revenue beyond the spending schedule, while treasury income declines as capital is deployed.","limitations":["Groves first criticality is a low-power test-reactor milestone, not an Aurora commercial electricity plant or recognized power revenue. DOE project authorization and future commercial deployment milestones are not interchangeable.","The $1.210M H1 revenue arose from engineering/manufacturing activities; it is not proof of nuclear power sales. Future engineering growth and isotope revenue are desk assumptions, with zero isotope revenue in the downside case.","Base FY2026 CFO of negative $135M and PP&E of $450M use the August updated midpoints. Quarter allocation and all 2027 spending are analyst scenarios, not guidance. Earlier $80-100M operating / $350-450M investing ranges are superseded.","A substantial portion of project and fuel spending may be capitalized while first-of-a-kind development remains expensed. Classification changes can alter operating loss without changing total cash use; the model tests this directly.","June cash $1.645B and marketable debt securities $1.362B are distinct from $16.9M restricted cash. Treasury security purchases and maturities exchange one financial asset for another and are excluded from business investment burn.","The September $1B ATM is authorized gross capacity, not proceeds already raised. H1 net equity proceeds $1.852B are already in June liquidity and are never added a second time.","CFO includes interest from the funded balance sheet. Interest yield, average invested liquidity and working-capital settlement can move cash independently of technical progress or engineering gross margin.","Acquisition holdbacks and contingent payments are separate cash sensitivities. No future acquisition revenue, customer prepayment, power offtake or government award is recognized solely from a nonbinding agreement.","No precise liquidity runway, financing waterfall, full debt/lease/award cash schedule or diluted ownership model. Cash after business investing is a cash-demand proxy before external financing and nonoperating capital allocation."],"reviewed_at":"2026-09-19"},"estimates":{"rows":[{"eps":null,"as_of":"2026-09-19","basis":"Desk base scenario. Revenue basis: Total revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.","class":"estimate","period":"2026Q3","revenue":4000000.0},{"eps":null,"as_of":"2026-09-19","basis":"Desk base scenario. Revenue basis: Total revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.","class":"estimate","period":"2026Q4","revenue":5000000.0},{"eps":null,"as_of":"2026-09-19","basis":"Desk base scenario. Revenue basis: Total revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.","class":"estimate","period":"2027Q1","revenue":7000000.0},{"eps":null,"as_of":"2026-09-19","basis":"Desk base scenario. Revenue basis: Total revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.","class":"estimate","period":"2027Q2","revenue":9000000.0}],"basis":"Desk base scenario from the operating model; not consensus. Revenue basis: Total revenue ($M).","consensus":null,"revisions":[]},"scorecard":{"inside_5d":null,"notes_scored":0,"band_coverage_5d":null},"disclosure":"All positions in the Research Model Portfolio are simulated. No real money is invested in this model. Our research is free and is not tailored to any reader's financial circumstances.","operating_model":{"cells":[{"id":"h1_revenue","case":"shared","kind":"reported","unit":"USD_millions","basis":"USD millions from Q2 financial statements; securities are financial assets, not project capex.","label":"revenue","value":1.21,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"h1_engineering","case":"shared","kind":"reported","unit":"USD_millions","basis":"USD millions from Q2 financial statements; securities are financial assets, not project capex.","label":"engineering","value":1.21,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"h1_isotope","case":"shared","kind":"reported","unit":"USD_millions","basis":"Reported revenue categories contain no commercial power or isotope sales; no receipts inferred from MOUs.","label":"isotope","value":0.0,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"h1_power","case":"shared","kind":"reported","unit":"USD_millions","basis":"Reported revenue categories contain no commercial power or isotope sales; no receipts inferred from MOUs.","label":"power","value":0.0,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"h1_gross_profit","case":"shared","kind":"reported","unit":"USD_millions","basis":"USD millions from Q2 financial statements; securities are financial assets, not project capex.","label":"gross profit","value":0.489,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"h1_operating_income","case":"shared","kind":"reported","unit":"USD_millions","basis":"USD millions from Q2 financial statements; securities are financial assets, not project capex.","label":"operating income","value":-124.166,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"h1_cfo","case":"shared","kind":"reported","unit":"USD_millions","basis":"USD millions from Q2 financial statements; securities are financial assets, not project capex.","label":"cfo","value":-65.459,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"h1_capex","case":"shared","kind":"reported","unit":"USD_millions","basis":"USD millions from Q2 financial statements; securities are financial assets, not project capex.","label":"capex","value":126.901,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"h1_acquisition_cash","case":"shared","kind":"reported","unit":"USD_millions","basis":"USD millions from Q2 financial statements; securities are financial assets, not project capex.","label":"acquisition cash","value":25.736,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"h1_strategic_investing","case":"shared","kind":"reported","unit":"USD_millions","basis":"USD millions from Q2 financial statements; securities are financial assets, not project capex.","label":"strategic investing","value":16.5,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"h1_sbc","case":"shared","kind":"reported","unit":"USD_millions","basis":"USD millions from Q2 financial statements; securities are financial assets, not project capex.","label":"sbc","value":29.944,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"h1_da","case":"shared","kind":"reported","unit":"USD_millions","basis":"USD millions from Q2 financial statements; securities are financial assets, not project capex.","label":"da","value":0.5,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"h1_interest_income","case":"shared","kind":"reported","unit":"USD_millions","basis":"USD millions from Q2 financial statements; securities are financial assets, not project capex.","label":"interest income","value":44.548,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"h1_treasury_purchases","case":"shared","kind":"reported","unit":"USD_millions","basis":"USD millions from Q2 financial statements; securities are financial assets, not project capex.","label":"treasury purchases","value":1176.421,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"h1_treasury_maturities","case":"shared","kind":"reported","unit":"USD_millions","basis":"USD millions from Q2 financial statements; securities are financial assets, not project capex.","label":"treasury maturities","value":432.827,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"h1_equity_proceeds","case":"shared","kind":"reported","unit":"USD_millions","basis":"USD millions from Q2 financial statements; securities are financial assets, not project capex.","label":"equity proceeds","value":1851.944,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"cash","case":"shared","kind":"reported","unit":"USD_millions","basis":"USD millions from Q2 financial statements; securities are financial assets, not project capex.","label":"cash","value":1644.704,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"current_securities","case":"shared","kind":"reported","unit":"USD_millions","basis":"USD millions from Q2 financial statements; securities are financial assets, not project capex.","label":"current securities","value":820.454,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"long_securities","case":"shared","kind":"reported","unit":"USD_millions","basis":"USD millions from Q2 financial statements; securities are financial assets, not project capex.","label":"long securities","value":541.131,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"restricted","case":"shared","kind":"reported","unit":"USD_millions","basis":"USD millions from Q2 financial statements; securities are financial assets, not project capex.","label":"restricted","value":16.9,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"refusal_liability","case":"shared","kind":"reported","unit":"USD_millions","basis":"USD millions from Q2 financial statements; securities are financial assets, not project capex.","label":"refusal liability","value":25.0,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"holdbacks","case":"shared","kind":"reported","unit":"USD_millions","basis":"USD millions from Q2 financial statements; securities are financial assets, not project capex.","label":"holdbacks","value":4.066,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"contingent_consideration","case":"shared","kind":"reported","unit":"USD_millions","basis":"USD millions from Q2 financial statements; securities are financial assets, not project capex.","label":"contingent consideration","value":3.11,"period":"H1 / June 2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"h1_fcf","case":"shared","kind":"derived","unit":"USD_millions","basis":"Before acquisitions and other strategic investing.","label":"H1 CFO less PP&E","value":-192.36,"period":"H1 2026","formula":{"op":"subtract","refs":["h1_cfo","h1_capex"]},"source_url":null,"source_date":null},{"id":"h1_nonppe_investing","case":"shared","kind":"derived","unit":"USD_millions","basis":"Treasury purchases/maturities are excluded.","label":"H1 acquisition and other investing","value":42.236000000000004,"period":"H1 2026","formula":{"op":"sum","refs":["h1_acquisition_cash","h1_strategic_investing"]},"source_url":null,"source_date":null},{"id":"h1_cash_after_investing","case":"shared","kind":"derived","unit":"USD_millions","basis":"Not a change in cash balance, which includes financing and treasury allocation.","label":"H1 cash after business investment","value":-234.596,"period":"H1 2026","formula":{"op":"subtract","refs":["h1_fcf","h1_nonppe_investing"]},"source_url":null,"source_date":null},{"id":"liquid_assets","case":"shared","kind":"derived","unit":"USD_millions","basis":"Excludes restricted cash; not a promise all securities liquidate without price change.","label":"June cash and marketable securities","value":3006.2889999999998,"period":"2026-06-30","formula":{"op":"sum","refs":["cash","current_securities","long_securities"]},"source_url":null,"source_date":null},{"id":"fy26_cfo_use_low","case":"shared","kind":"management_guidance","unit":"USD_millions","basis":"Company guidance; not a desk forecast.","label":"FY2026 cash used in operating activities low","value":120.0,"period":"FY2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"fy26_cfo_use_high","case":"shared","kind":"management_guidance","unit":"USD_millions","basis":"Company guidance; not a desk forecast.","label":"FY2026 cash used in operating activities high","value":150.0,"period":"FY2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"two","case":"shared","kind":"assumption","unit":"ratio","basis":"Arithmetic constant.","label":"Midpoint divisor","value":2.0,"period":"Model","formula":null,"source_url":null,"source_date":null},{"id":"fy26_cfo_use_sum","case":"shared","kind":"derived","unit":"USD_millions","basis":"Arithmetic intermediate.","label":"FY2026 cash used in operating activities endpoint sum","value":270.0,"period":"FY2026","formula":{"op":"sum","refs":["fy26_cfo_use_low","fy26_cfo_use_high"]},"source_url":null,"source_date":null},{"id":"fy26_cfo_use","case":"shared","kind":"derived","unit":"USD_millions","basis":"Calculated midpoint of the company range; not an additional company forecast.","label":"FY2026 cash used in operating activities midpoint","value":135.0,"period":"FY2026","formula":{"op":"divide","refs":["fy26_cfo_use_sum","two"]},"source_url":null,"source_date":null},{"id":"fy26_ppe_low","case":"shared","kind":"management_guidance","unit":"USD_millions","basis":"Company guidance; not a desk forecast.","label":"FY2026 cash PP&E purchases low","value":400.0,"period":"FY2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"fy26_ppe_high","case":"shared","kind":"management_guidance","unit":"USD_millions","basis":"Company guidance; not a desk forecast.","label":"FY2026 cash PP&E purchases high","value":500.0,"period":"FY2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm","source_date":"2026-08-07"},{"id":"fy26_ppe_sum","case":"shared","kind":"derived","unit":"USD_millions","basis":"Arithmetic intermediate.","label":"FY2026 cash PP&E purchases endpoint sum","value":900.0,"period":"FY2026","formula":{"op":"sum","refs":["fy26_ppe_low","fy26_ppe_high"]},"source_url":null,"source_date":null},{"id":"fy26_ppe","case":"shared","kind":"derived","unit":"USD_millions","basis":"Calculated midpoint of the company range; not an additional company forecast.","label":"FY2026 cash PP&E purchases midpoint","value":450.0,"period":"FY2026","formula":{"op":"divide","refs":["fy26_ppe_sum","two"]},"source_url":null,"source_date":null},{"id":"atm_capacity","case":"shared","kind":"reported","unit":"USD_millions","basis":"Capacity only; excludes assumed sales or net proceeds.","label":"September new ATM gross capacity","value":1000.0,"period":"2026-09-11","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1849056/000110465926106897/tm2625056d1_8k.htm","source_date":"2026-09-11"},{"id":"downside_2026q3_engineering_activity","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Engineering activity reference revenue","value":3.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_engineering_realization","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering realization","value":1.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_engineering","case":"downside","kind":"derived","unit":"USD_millions","basis":"Acquired operations contribute full quarters; this is not nuclear electricity revenue.","label":"Engineering and manufacturing revenue","value":3.0,"period":"2026Q3","formula":{"op":"multiply","refs":["downside_2026q3_engineering_activity","downside_2026q3_engineering_realization"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_isotope","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk scenario only; production, handling, acceptance and customer qualification remain conditions.","label":"Commercial isotope revenue","value":0.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_power","case":"downside","kind":"assumption","unit":"USD_millions","basis":"First-powerhouse target is 2028; no commercial power sales through this model horizon.","label":"Commercial electricity revenue","value":0.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_revenue","case":"downside","kind":"derived","unit":"USD_millions","basis":"Technical milestones and nonbinding demand agreements create no additional sales.","label":"Total revenue","value":3.0,"period":"2026Q3","formula":{"op":"sum","refs":["downside_2026q3_engineering","downside_2026q3_isotope","downside_2026q3_power"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_engineering_margin","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering gross margin","value":0.25,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_engineering_gross","case":"downside","kind":"derived","unit":"USD_millions","basis":"Independent project margin assumption.","label":"Engineering gross contribution","value":0.75,"period":"2026Q3","formula":{"op":"multiply","refs":["downside_2026q3_engineering","downside_2026q3_engineering_margin"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_isotope_margin","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Isotope early-ramp gross margin","value":-0.4,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_isotope_gross","case":"downside","kind":"derived","unit":"USD_millions","basis":"Initial isotope ramp can lose money.","label":"Isotope gross contribution","value":0.0,"period":"2026Q3","formula":{"op":"multiply","refs":["downside_2026q3_isotope","downside_2026q3_isotope_margin"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_gross_profit","case":"downside","kind":"derived","unit":"USD_millions","basis":"Power is zero in every case.","label":"Gross profit proxy","value":0.75,"period":"2026Q3","formula":{"op":"sum","refs":["downside_2026q3_engineering_gross","downside_2026q3_isotope_gross"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_capitalization_shift","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Sensitivity only: positive reclassifies paid development cost from operating to investing, leaving combined cash unchanged.","label":"Expense shifted into cash PP&E","value":0.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_gross_operating_cost","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Program and corporate expense before classification","value":85.39999999999999,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_operating_cost","case":"downside","kind":"derived","unit":"USD_millions","basis":"Excludes cost of revenues already in gross profit; includes SBC and D&A.","label":"Operating program and corporate expenses","value":85.39999999999999,"period":"2026Q3","formula":{"op":"subtract","refs":["downside_2026q3_gross_operating_cost","downside_2026q3_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_operating_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Independent of interest earned on equity-financed liquidity.","label":"Operating income proxy","value":-84.64999999999999,"period":"2026Q3","formula":{"op":"subtract","refs":["downside_2026q3_gross_profit","downside_2026q3_operating_cost"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_average_liquidity","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Average interest-earning liquidity","value":2800.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_cash_yield","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Annual cash yield","value":0.025,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_quarter_fraction","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Year fraction","value":0.25,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_interest_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Assumed average invested balance, not a complete cash balance forecast.","label":"Investment cash interest","value":17.5,"period":"2026Q3","formula":{"op":"multiply","refs":["downside_2026q3_average_liquidity","downside_2026q3_cash_yield","downside_2026q3_quarter_fraction"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_sbc","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"SBC addback","value":17.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_da","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Depreciation and amortization addback","value":2.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_cash_before_working","case":"downside","kind":"derived","unit":"USD_millions","basis":"SBC remains an ownership cost even when added back to CFO.","label":"Operating earnings plus noncash and interest","value":-48.14999999999999,"period":"2026Q3","formula":{"op":"sum","refs":["downside_2026q3_operating_income","downside_2026q3_sbc","downside_2026q3_da","downside_2026q3_interest_income"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_working_cash","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Tax working-capital and other operating cash use","value":10.53,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Base annual midpoint is a calibration, not proof of cash collection.","label":"Operating cash flow","value":-58.67999999999999,"period":"2026Q3","formula":{"op":"subtract","refs":["downside_2026q3_cash_before_working","downside_2026q3_working_cash"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_underlying_capex","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Underlying PP&E and project purchases","value":170.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Classification sensitivity offsets CFO one-for-one.","label":"Cash PP&E purchases","value":170.0,"period":"2026Q3","formula":{"op":"sum","refs":["downside_2026q3_underlying_capex","downside_2026q3_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Not cash available to shareholders of a pre-commercial development company.","label":"CFO less PP&E","value":-228.68,"period":"2026Q3","formula":{"op":"subtract","refs":["downside_2026q3_cfo","downside_2026q3_capex"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_acquisition_cash","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Cash-settlement allowance, not an announced new acquisition.","label":"Acquisition holdback and contingent cash","value":2.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_strategic_investing","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Other strategic investing","value":5.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_nonppe_investing","case":"downside","kind":"derived","unit":"USD_millions","basis":"Excludes transfers into treasury securities.","label":"Acquisition and other business investment","value":7.0,"period":"2026Q3","formula":{"op":"sum","refs":["downside_2026q3_acquisition_cash","downside_2026q3_strategic_investing"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_cash_after_investing","case":"downside","kind":"derived","unit":"USD_millions","basis":"No assumed ATM receipts or second collection of H1 equity proceeds.","label":"Cash after business investing","value":-235.68,"period":"2026Q3","formula":{"op":"subtract","refs":["downside_2026q3_fcf","downside_2026q3_nonppe_investing"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_engineering_activity","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Engineering activity reference revenue","value":3.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_engineering_realization","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering realization","value":1.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_engineering","case":"downside","kind":"derived","unit":"USD_millions","basis":"Acquired operations contribute full quarters; this is not nuclear electricity revenue.","label":"Engineering and manufacturing revenue","value":3.0,"period":"2026Q4","formula":{"op":"multiply","refs":["downside_2026q4_engineering_activity","downside_2026q4_engineering_realization"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_isotope","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk scenario only; production, handling, acceptance and customer qualification remain conditions.","label":"Commercial isotope revenue","value":0.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_power","case":"downside","kind":"assumption","unit":"USD_millions","basis":"First-powerhouse target is 2028; no commercial power sales through this model horizon.","label":"Commercial electricity revenue","value":0.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_revenue","case":"downside","kind":"derived","unit":"USD_millions","basis":"Technical milestones and nonbinding demand agreements create no additional sales.","label":"Total revenue","value":3.0,"period":"2026Q4","formula":{"op":"sum","refs":["downside_2026q4_engineering","downside_2026q4_isotope","downside_2026q4_power"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_engineering_margin","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering gross margin","value":0.25,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_engineering_gross","case":"downside","kind":"derived","unit":"USD_millions","basis":"Independent project margin assumption.","label":"Engineering gross contribution","value":0.75,"period":"2026Q4","formula":{"op":"multiply","refs":["downside_2026q4_engineering","downside_2026q4_engineering_margin"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_isotope_margin","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Isotope early-ramp gross margin","value":-0.4,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_isotope_gross","case":"downside","kind":"derived","unit":"USD_millions","basis":"Initial isotope ramp can lose money.","label":"Isotope gross contribution","value":0.0,"period":"2026Q4","formula":{"op":"multiply","refs":["downside_2026q4_isotope","downside_2026q4_isotope_margin"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_gross_profit","case":"downside","kind":"derived","unit":"USD_millions","basis":"Power is zero in every case.","label":"Gross profit proxy","value":0.75,"period":"2026Q4","formula":{"op":"sum","refs":["downside_2026q4_engineering_gross","downside_2026q4_isotope_gross"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_capitalization_shift","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Sensitivity only: positive reclassifies paid development cost from operating to investing, leaving combined cash unchanged.","label":"Expense shifted into cash PP&E","value":0.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_gross_operating_cost","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Program and corporate expense before classification","value":92.72,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_operating_cost","case":"downside","kind":"derived","unit":"USD_millions","basis":"Excludes cost of revenues already in gross profit; includes SBC and D&A.","label":"Operating program and corporate expenses","value":92.72,"period":"2026Q4","formula":{"op":"subtract","refs":["downside_2026q4_gross_operating_cost","downside_2026q4_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_operating_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Independent of interest earned on equity-financed liquidity.","label":"Operating income proxy","value":-91.97,"period":"2026Q4","formula":{"op":"subtract","refs":["downside_2026q4_gross_profit","downside_2026q4_operating_cost"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_average_liquidity","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Average interest-earning liquidity","value":2670.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_cash_yield","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Annual cash yield","value":0.025,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_quarter_fraction","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Year fraction","value":0.25,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_interest_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Assumed average invested balance, not a complete cash balance forecast.","label":"Investment cash interest","value":16.6875,"period":"2026Q4","formula":{"op":"multiply","refs":["downside_2026q4_average_liquidity","downside_2026q4_cash_yield","downside_2026q4_quarter_fraction"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_sbc","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"SBC addback","value":19.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_da","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Depreciation and amortization addback","value":3.5,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_cash_before_working","case":"downside","kind":"derived","unit":"USD_millions","basis":"SBC remains an ownership cost even when added back to CFO.","label":"Operating earnings plus noncash and interest","value":-52.7825,"period":"2026Q4","formula":{"op":"sum","refs":["downside_2026q4_operating_income","downside_2026q4_sbc","downside_2026q4_da","downside_2026q4_interest_income"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_working_cash","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Tax working-capital and other operating cash use","value":10.92455,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Base annual midpoint is a calibration, not proof of cash collection.","label":"Operating cash flow","value":-63.707049999999995,"period":"2026Q4","formula":{"op":"subtract","refs":["downside_2026q4_cash_before_working","downside_2026q4_working_cash"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_underlying_capex","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Underlying PP&E and project purchases","value":230.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Classification sensitivity offsets CFO one-for-one.","label":"Cash PP&E purchases","value":230.0,"period":"2026Q4","formula":{"op":"sum","refs":["downside_2026q4_underlying_capex","downside_2026q4_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Not cash available to shareholders of a pre-commercial development company.","label":"CFO less PP&E","value":-293.70705,"period":"2026Q4","formula":{"op":"subtract","refs":["downside_2026q4_cfo","downside_2026q4_capex"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_acquisition_cash","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Cash-settlement allowance, not an announced new acquisition.","label":"Acquisition holdback and contingent cash","value":1.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_strategic_investing","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Other strategic investing","value":5.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_nonppe_investing","case":"downside","kind":"derived","unit":"USD_millions","basis":"Excludes transfers into treasury securities.","label":"Acquisition and other business investment","value":6.0,"period":"2026Q4","formula":{"op":"sum","refs":["downside_2026q4_acquisition_cash","downside_2026q4_strategic_investing"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_cash_after_investing","case":"downside","kind":"derived","unit":"USD_millions","basis":"No assumed ATM receipts or second collection of H1 equity proceeds.","label":"Cash after business investing","value":-299.70705,"period":"2026Q4","formula":{"op":"subtract","refs":["downside_2026q4_fcf","downside_2026q4_nonppe_investing"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_engineering_activity","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Engineering activity reference revenue","value":4.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_engineering_realization","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering realization","value":1.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_engineering","case":"downside","kind":"derived","unit":"USD_millions","basis":"Acquired operations contribute full quarters; this is not nuclear electricity revenue.","label":"Engineering and manufacturing revenue","value":4.0,"period":"2027Q1","formula":{"op":"multiply","refs":["downside_2027q1_engineering_activity","downside_2027q1_engineering_realization"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_isotope","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk scenario only; production, handling, acceptance and customer qualification remain conditions.","label":"Commercial isotope revenue","value":0.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_power","case":"downside","kind":"assumption","unit":"USD_millions","basis":"First-powerhouse target is 2028; no commercial power sales through this model horizon.","label":"Commercial electricity revenue","value":0.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_revenue","case":"downside","kind":"derived","unit":"USD_millions","basis":"Technical milestones and nonbinding demand agreements create no additional sales.","label":"Total revenue","value":4.0,"period":"2027Q1","formula":{"op":"sum","refs":["downside_2027q1_engineering","downside_2027q1_isotope","downside_2027q1_power"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_engineering_margin","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering gross margin","value":0.25,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_engineering_gross","case":"downside","kind":"derived","unit":"USD_millions","basis":"Independent project margin assumption.","label":"Engineering gross contribution","value":1.0,"period":"2027Q1","formula":{"op":"multiply","refs":["downside_2027q1_engineering","downside_2027q1_engineering_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_isotope_margin","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Isotope early-ramp gross margin","value":-0.4,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_isotope_gross","case":"downside","kind":"derived","unit":"USD_millions","basis":"Initial isotope ramp can lose money.","label":"Isotope gross contribution","value":0.0,"period":"2027Q1","formula":{"op":"multiply","refs":["downside_2027q1_isotope","downside_2027q1_isotope_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_gross_profit","case":"downside","kind":"derived","unit":"USD_millions","basis":"Power is zero in every case.","label":"Gross profit proxy","value":1.0,"period":"2027Q1","formula":{"op":"sum","refs":["downside_2027q1_engineering_gross","downside_2027q1_isotope_gross"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_capitalization_shift","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Sensitivity only: positive reclassifies paid development cost from operating to investing, leaving combined cash unchanged.","label":"Expense shifted into cash PP&E","value":0.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_gross_operating_cost","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Program and corporate expense before classification","value":100.03999999999999,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_operating_cost","case":"downside","kind":"derived","unit":"USD_millions","basis":"Excludes cost of revenues already in gross profit; includes SBC and D&A.","label":"Operating program and corporate expenses","value":100.03999999999999,"period":"2027Q1","formula":{"op":"subtract","refs":["downside_2027q1_gross_operating_cost","downside_2027q1_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_operating_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Independent of interest earned on equity-financed liquidity.","label":"Operating income proxy","value":-99.03999999999999,"period":"2027Q1","formula":{"op":"subtract","refs":["downside_2027q1_gross_profit","downside_2027q1_operating_cost"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_average_liquidity","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Average interest-earning liquidity","value":2540.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_cash_yield","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Annual cash yield","value":0.025,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_quarter_fraction","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Year fraction","value":0.25,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_interest_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Assumed average invested balance, not a complete cash balance forecast.","label":"Investment cash interest","value":15.875,"period":"2027Q1","formula":{"op":"multiply","refs":["downside_2027q1_average_liquidity","downside_2027q1_cash_yield","downside_2027q1_quarter_fraction"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_sbc","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"SBC addback","value":21.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_da","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Depreciation and amortization addback","value":5.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_cash_before_working","case":"downside","kind":"derived","unit":"USD_millions","basis":"SBC remains an ownership cost even when added back to CFO.","label":"Operating earnings plus noncash and interest","value":-57.16499999999999,"period":"2027Q1","formula":{"op":"sum","refs":["downside_2027q1_operating_income","downside_2027q1_sbc","downside_2027q1_da","downside_2027q1_interest_income"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_working_cash","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Tax working-capital and other operating cash use","value":15.600000000000001,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Base annual midpoint is a calibration, not proof of cash collection.","label":"Operating cash flow","value":-72.76499999999999,"period":"2027Q1","formula":{"op":"subtract","refs":["downside_2027q1_cash_before_working","downside_2027q1_working_cash"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_underlying_capex","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Underlying PP&E and project purchases","value":220.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Classification sensitivity offsets CFO one-for-one.","label":"Cash PP&E purchases","value":220.0,"period":"2027Q1","formula":{"op":"sum","refs":["downside_2027q1_underlying_capex","downside_2027q1_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Not cash available to shareholders of a pre-commercial development company.","label":"CFO less PP&E","value":-292.765,"period":"2027Q1","formula":{"op":"subtract","refs":["downside_2027q1_cfo","downside_2027q1_capex"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_acquisition_cash","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Cash-settlement allowance, not an announced new acquisition.","label":"Acquisition holdback and contingent cash","value":2.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_strategic_investing","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Other strategic investing","value":10.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_nonppe_investing","case":"downside","kind":"derived","unit":"USD_millions","basis":"Excludes transfers into treasury securities.","label":"Acquisition and other business investment","value":12.0,"period":"2027Q1","formula":{"op":"sum","refs":["downside_2027q1_acquisition_cash","downside_2027q1_strategic_investing"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_cash_after_investing","case":"downside","kind":"derived","unit":"USD_millions","basis":"No assumed ATM receipts or second collection of H1 equity proceeds.","label":"Cash after business investing","value":-304.765,"period":"2027Q1","formula":{"op":"subtract","refs":["downside_2027q1_fcf","downside_2027q1_nonppe_investing"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_engineering_activity","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Engineering activity reference revenue","value":4.5,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_engineering_realization","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering realization","value":1.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_engineering","case":"downside","kind":"derived","unit":"USD_millions","basis":"Acquired operations contribute full quarters; this is not nuclear electricity revenue.","label":"Engineering and manufacturing revenue","value":4.5,"period":"2027Q2","formula":{"op":"multiply","refs":["downside_2027q2_engineering_activity","downside_2027q2_engineering_realization"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_isotope","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk scenario only; production, handling, acceptance and customer qualification remain conditions.","label":"Commercial isotope revenue","value":0.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_power","case":"downside","kind":"assumption","unit":"USD_millions","basis":"First-powerhouse target is 2028; no commercial power sales through this model horizon.","label":"Commercial electricity revenue","value":0.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_revenue","case":"downside","kind":"derived","unit":"USD_millions","basis":"Technical milestones and nonbinding demand agreements create no additional sales.","label":"Total revenue","value":4.5,"period":"2027Q2","formula":{"op":"sum","refs":["downside_2027q2_engineering","downside_2027q2_isotope","downside_2027q2_power"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_engineering_margin","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering gross margin","value":0.25,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_engineering_gross","case":"downside","kind":"derived","unit":"USD_millions","basis":"Independent project margin assumption.","label":"Engineering gross contribution","value":1.125,"period":"2027Q2","formula":{"op":"multiply","refs":["downside_2027q2_engineering","downside_2027q2_engineering_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_isotope_margin","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Isotope early-ramp gross margin","value":-0.25,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_isotope_gross","case":"downside","kind":"derived","unit":"USD_millions","basis":"Initial isotope ramp can lose money.","label":"Isotope gross contribution","value":0.0,"period":"2027Q2","formula":{"op":"multiply","refs":["downside_2027q2_isotope","downside_2027q2_isotope_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_gross_profit","case":"downside","kind":"derived","unit":"USD_millions","basis":"Power is zero in every case.","label":"Gross profit proxy","value":1.125,"period":"2027Q2","formula":{"op":"sum","refs":["downside_2027q2_engineering_gross","downside_2027q2_isotope_gross"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_capitalization_shift","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Sensitivity only: positive reclassifies paid development cost from operating to investing, leaving combined cash unchanged.","label":"Expense shifted into cash PP&E","value":0.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_gross_operating_cost","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Program and corporate expense before classification","value":107.36,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_operating_cost","case":"downside","kind":"derived","unit":"USD_millions","basis":"Excludes cost of revenues already in gross profit; includes SBC and D&A.","label":"Operating program and corporate expenses","value":107.36,"period":"2027Q2","formula":{"op":"subtract","refs":["downside_2027q2_gross_operating_cost","downside_2027q2_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_operating_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Independent of interest earned on equity-financed liquidity.","label":"Operating income proxy","value":-106.235,"period":"2027Q2","formula":{"op":"subtract","refs":["downside_2027q2_gross_profit","downside_2027q2_operating_cost"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_average_liquidity","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Average interest-earning liquidity","value":2410.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_cash_yield","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Annual cash yield","value":0.025,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_quarter_fraction","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Year fraction","value":0.25,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_interest_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Assumed average invested balance, not a complete cash balance forecast.","label":"Investment cash interest","value":15.0625,"period":"2027Q2","formula":{"op":"multiply","refs":["downside_2027q2_average_liquidity","downside_2027q2_cash_yield","downside_2027q2_quarter_fraction"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_sbc","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"SBC addback","value":23.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_da","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Depreciation and amortization addback","value":6.5,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_cash_before_working","case":"downside","kind":"derived","unit":"USD_millions","basis":"SBC remains an ownership cost even when added back to CFO.","label":"Operating earnings plus noncash and interest","value":-61.6725,"period":"2027Q2","formula":{"op":"sum","refs":["downside_2027q2_operating_income","downside_2027q2_sbc","downside_2027q2_da","downside_2027q2_interest_income"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_working_cash","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Tax working-capital and other operating cash use","value":19.5,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Base annual midpoint is a calibration, not proof of cash collection.","label":"Operating cash flow","value":-81.1725,"period":"2027Q2","formula":{"op":"subtract","refs":["downside_2027q2_cash_before_working","downside_2027q2_working_cash"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_underlying_capex","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Underlying PP&E and project purchases","value":240.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Classification sensitivity offsets CFO one-for-one.","label":"Cash PP&E purchases","value":240.0,"period":"2027Q2","formula":{"op":"sum","refs":["downside_2027q2_underlying_capex","downside_2027q2_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Not cash available to shareholders of a pre-commercial development company.","label":"CFO less PP&E","value":-321.1725,"period":"2027Q2","formula":{"op":"subtract","refs":["downside_2027q2_cfo","downside_2027q2_capex"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_acquisition_cash","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Cash-settlement allowance, not an announced new acquisition.","label":"Acquisition holdback and contingent cash","value":1.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_strategic_investing","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Other strategic investing","value":10.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_nonppe_investing","case":"downside","kind":"derived","unit":"USD_millions","basis":"Excludes transfers into treasury securities.","label":"Acquisition and other business investment","value":11.0,"period":"2027Q2","formula":{"op":"sum","refs":["downside_2027q2_acquisition_cash","downside_2027q2_strategic_investing"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_cash_after_investing","case":"downside","kind":"derived","unit":"USD_millions","basis":"No assumed ATM receipts or second collection of H1 equity proceeds.","label":"Cash after business investing","value":-332.1725,"period":"2027Q2","formula":{"op":"subtract","refs":["downside_2027q2_fcf","downside_2027q2_nonppe_investing"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_engineering_activity","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Engineering activity reference revenue","value":5.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_engineering_realization","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering realization","value":1.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_engineering","case":"downside","kind":"derived","unit":"USD_millions","basis":"Acquired operations contribute full quarters; this is not nuclear electricity revenue.","label":"Engineering and manufacturing revenue","value":5.0,"period":"2027Q3","formula":{"op":"multiply","refs":["downside_2027q3_engineering_activity","downside_2027q3_engineering_realization"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_isotope","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk scenario only; production, handling, acceptance and customer qualification remain conditions.","label":"Commercial isotope revenue","value":0.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_power","case":"downside","kind":"assumption","unit":"USD_millions","basis":"First-powerhouse target is 2028; no commercial power sales through this model horizon.","label":"Commercial electricity revenue","value":0.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_revenue","case":"downside","kind":"derived","unit":"USD_millions","basis":"Technical milestones and nonbinding demand agreements create no additional sales.","label":"Total revenue","value":5.0,"period":"2027Q3","formula":{"op":"sum","refs":["downside_2027q3_engineering","downside_2027q3_isotope","downside_2027q3_power"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_engineering_margin","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering gross margin","value":0.25,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_engineering_gross","case":"downside","kind":"derived","unit":"USD_millions","basis":"Independent project margin assumption.","label":"Engineering gross contribution","value":1.25,"period":"2027Q3","formula":{"op":"multiply","refs":["downside_2027q3_engineering","downside_2027q3_engineering_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_isotope_margin","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Isotope early-ramp gross margin","value":-0.10000000000000003,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_isotope_gross","case":"downside","kind":"derived","unit":"USD_millions","basis":"Initial isotope ramp can lose money.","label":"Isotope gross contribution","value":0.0,"period":"2027Q3","formula":{"op":"multiply","refs":["downside_2027q3_isotope","downside_2027q3_isotope_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_gross_profit","case":"downside","kind":"derived","unit":"USD_millions","basis":"Power is zero in every case.","label":"Gross profit proxy","value":1.25,"period":"2027Q3","formula":{"op":"sum","refs":["downside_2027q3_engineering_gross","downside_2027q3_isotope_gross"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_capitalization_shift","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Sensitivity only: positive reclassifies paid development cost from operating to investing, leaving combined cash unchanged.","label":"Expense shifted into cash PP&E","value":0.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_gross_operating_cost","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Program and corporate expense before classification","value":114.67999999999999,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_operating_cost","case":"downside","kind":"derived","unit":"USD_millions","basis":"Excludes cost of revenues already in gross profit; includes SBC and D&A.","label":"Operating program and corporate expenses","value":114.67999999999999,"period":"2027Q3","formula":{"op":"subtract","refs":["downside_2027q3_gross_operating_cost","downside_2027q3_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_operating_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Independent of interest earned on equity-financed liquidity.","label":"Operating income proxy","value":-113.42999999999999,"period":"2027Q3","formula":{"op":"subtract","refs":["downside_2027q3_gross_profit","downside_2027q3_operating_cost"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_average_liquidity","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Average interest-earning liquidity","value":2280.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_cash_yield","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Annual cash yield","value":0.025,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_quarter_fraction","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Year fraction","value":0.25,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_interest_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Assumed average invested balance, not a complete cash balance forecast.","label":"Investment cash interest","value":14.25,"period":"2027Q3","formula":{"op":"multiply","refs":["downside_2027q3_average_liquidity","downside_2027q3_cash_yield","downside_2027q3_quarter_fraction"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_sbc","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"SBC addback","value":25.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_da","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Depreciation and amortization addback","value":8.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_cash_before_working","case":"downside","kind":"derived","unit":"USD_millions","basis":"SBC remains an ownership cost even when added back to CFO.","label":"Operating earnings plus noncash and interest","value":-66.17999999999999,"period":"2027Q3","formula":{"op":"sum","refs":["downside_2027q3_operating_income","downside_2027q3_sbc","downside_2027q3_da","downside_2027q3_interest_income"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_working_cash","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Tax working-capital and other operating cash use","value":23.400000000000002,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Base annual midpoint is a calibration, not proof of cash collection.","label":"Operating cash flow","value":-89.58,"period":"2027Q3","formula":{"op":"subtract","refs":["downside_2027q3_cash_before_working","downside_2027q3_working_cash"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_underlying_capex","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Underlying PP&E and project purchases","value":260.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Classification sensitivity offsets CFO one-for-one.","label":"Cash PP&E purchases","value":260.0,"period":"2027Q3","formula":{"op":"sum","refs":["downside_2027q3_underlying_capex","downside_2027q3_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Not cash available to shareholders of a pre-commercial development company.","label":"CFO less PP&E","value":-349.58,"period":"2027Q3","formula":{"op":"subtract","refs":["downside_2027q3_cfo","downside_2027q3_capex"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_acquisition_cash","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Cash-settlement allowance, not an announced new acquisition.","label":"Acquisition holdback and contingent cash","value":1.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_strategic_investing","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Other strategic investing","value":10.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_nonppe_investing","case":"downside","kind":"derived","unit":"USD_millions","basis":"Excludes transfers into treasury securities.","label":"Acquisition and other business investment","value":11.0,"period":"2027Q3","formula":{"op":"sum","refs":["downside_2027q3_acquisition_cash","downside_2027q3_strategic_investing"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_cash_after_investing","case":"downside","kind":"derived","unit":"USD_millions","basis":"No assumed ATM receipts or second collection of H1 equity proceeds.","label":"Cash after business investing","value":-360.58,"period":"2027Q3","formula":{"op":"subtract","refs":["downside_2027q3_fcf","downside_2027q3_nonppe_investing"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_engineering_activity","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Engineering activity reference revenue","value":5.5,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_engineering_realization","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering realization","value":1.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_engineering","case":"downside","kind":"derived","unit":"USD_millions","basis":"Acquired operations contribute full quarters; this is not nuclear electricity revenue.","label":"Engineering and manufacturing revenue","value":5.5,"period":"2027Q4","formula":{"op":"multiply","refs":["downside_2027q4_engineering_activity","downside_2027q4_engineering_realization"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_isotope","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk scenario only; production, handling, acceptance and customer qualification remain conditions.","label":"Commercial isotope revenue","value":0.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_power","case":"downside","kind":"assumption","unit":"USD_millions","basis":"First-powerhouse target is 2028; no commercial power sales through this model horizon.","label":"Commercial electricity revenue","value":0.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_revenue","case":"downside","kind":"derived","unit":"USD_millions","basis":"Technical milestones and nonbinding demand agreements create no additional sales.","label":"Total revenue","value":5.5,"period":"2027Q4","formula":{"op":"sum","refs":["downside_2027q4_engineering","downside_2027q4_isotope","downside_2027q4_power"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_engineering_margin","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering gross margin","value":0.25,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_engineering_gross","case":"downside","kind":"derived","unit":"USD_millions","basis":"Independent project margin assumption.","label":"Engineering gross contribution","value":1.375,"period":"2027Q4","formula":{"op":"multiply","refs":["downside_2027q4_engineering","downside_2027q4_engineering_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_isotope_margin","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Isotope early-ramp gross margin","value":0.04999999999999993,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_isotope_gross","case":"downside","kind":"derived","unit":"USD_millions","basis":"Initial isotope ramp can lose money.","label":"Isotope gross contribution","value":0.0,"period":"2027Q4","formula":{"op":"multiply","refs":["downside_2027q4_isotope","downside_2027q4_isotope_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_gross_profit","case":"downside","kind":"derived","unit":"USD_millions","basis":"Power is zero in every case.","label":"Gross profit proxy","value":1.375,"period":"2027Q4","formula":{"op":"sum","refs":["downside_2027q4_engineering_gross","downside_2027q4_isotope_gross"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_capitalization_shift","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Sensitivity only: positive reclassifies paid development cost from operating to investing, leaving combined cash unchanged.","label":"Expense shifted into cash PP&E","value":0.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_gross_operating_cost","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Program and corporate expense before classification","value":122.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_operating_cost","case":"downside","kind":"derived","unit":"USD_millions","basis":"Excludes cost of revenues already in gross profit; includes SBC and D&A.","label":"Operating program and corporate expenses","value":122.0,"period":"2027Q4","formula":{"op":"subtract","refs":["downside_2027q4_gross_operating_cost","downside_2027q4_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_operating_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Independent of interest earned on equity-financed liquidity.","label":"Operating income proxy","value":-120.625,"period":"2027Q4","formula":{"op":"subtract","refs":["downside_2027q4_gross_profit","downside_2027q4_operating_cost"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_average_liquidity","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Average interest-earning liquidity","value":2150.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_cash_yield","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Annual cash yield","value":0.025,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_quarter_fraction","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Year fraction","value":0.25,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_interest_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Assumed average invested balance, not a complete cash balance forecast.","label":"Investment cash interest","value":13.4375,"period":"2027Q4","formula":{"op":"multiply","refs":["downside_2027q4_average_liquidity","downside_2027q4_cash_yield","downside_2027q4_quarter_fraction"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_sbc","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"SBC addback","value":27.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_da","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Depreciation and amortization addback","value":9.5,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_cash_before_working","case":"downside","kind":"derived","unit":"USD_millions","basis":"SBC remains an ownership cost even when added back to CFO.","label":"Operating earnings plus noncash and interest","value":-70.6875,"period":"2027Q4","formula":{"op":"sum","refs":["downside_2027q4_operating_income","downside_2027q4_sbc","downside_2027q4_da","downside_2027q4_interest_income"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_working_cash","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Tax working-capital and other operating cash use","value":28.6,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Base annual midpoint is a calibration, not proof of cash collection.","label":"Operating cash flow","value":-99.2875,"period":"2027Q4","formula":{"op":"subtract","refs":["downside_2027q4_cash_before_working","downside_2027q4_working_cash"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_underlying_capex","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Underlying PP&E and project purchases","value":280.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Classification sensitivity offsets CFO one-for-one.","label":"Cash PP&E purchases","value":280.0,"period":"2027Q4","formula":{"op":"sum","refs":["downside_2027q4_underlying_capex","downside_2027q4_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Not cash available to shareholders of a pre-commercial development company.","label":"CFO less PP&E","value":-379.2875,"period":"2027Q4","formula":{"op":"subtract","refs":["downside_2027q4_cfo","downside_2027q4_capex"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_acquisition_cash","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Cash-settlement allowance, not an announced new acquisition.","label":"Acquisition holdback and contingent cash","value":1.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_strategic_investing","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Other strategic investing","value":10.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_nonppe_investing","case":"downside","kind":"derived","unit":"USD_millions","basis":"Excludes transfers into treasury securities.","label":"Acquisition and other business investment","value":11.0,"period":"2027Q4","formula":{"op":"sum","refs":["downside_2027q4_acquisition_cash","downside_2027q4_strategic_investing"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_cash_after_investing","case":"downside","kind":"derived","unit":"USD_millions","basis":"No assumed ATM receipts or second collection of H1 equity proceeds.","label":"Cash after business investing","value":-390.2875,"period":"2027Q4","formula":{"op":"subtract","refs":["downside_2027q4_fcf","downside_2027q4_nonppe_investing"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_revenue","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Total revenue ($M)","value":7.21,"period":"FY2026","formula":{"op":"sum","refs":["h1_revenue","downside_2026q3_revenue","downside_2026q4_revenue"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_engineering","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Engineering and manufacturing revenue ($M)","value":7.21,"period":"FY2026","formula":{"op":"sum","refs":["h1_engineering","downside_2026q3_engineering","downside_2026q4_engineering"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_isotope","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Isotope revenue ($M)","value":0.0,"period":"FY2026","formula":{"op":"sum","refs":["h1_isotope","downside_2026q3_isotope","downside_2026q4_isotope"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_power","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Commercial power revenue ($M)","value":0.0,"period":"FY2026","formula":{"op":"sum","refs":["h1_power","downside_2026q3_power","downside_2026q4_power"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_gross_profit","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Gross profit proxy ($M)","value":1.9889999999999999,"period":"FY2026","formula":{"op":"sum","refs":["h1_gross_profit","downside_2026q3_gross_profit","downside_2026q4_gross_profit"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_operating_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Operating income proxy ($M)","value":-300.78599999999994,"period":"FY2026","formula":{"op":"sum","refs":["h1_operating_income","downside_2026q3_operating_income","downside_2026q4_operating_income"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Operating cash flow ($M)","value":-187.84605,"period":"FY2026","formula":{"op":"sum","refs":["h1_cfo","downside_2026q3_cfo","downside_2026q4_cfo"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Cash PP&E purchases ($M)","value":526.9010000000001,"period":"FY2026","formula":{"op":"sum","refs":["h1_capex","downside_2026q3_capex","downside_2026q4_capex"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"CFO less PP&E ($M)","value":-714.74705,"period":"FY2026","formula":{"op":"sum","refs":["h1_fcf","downside_2026q3_fcf","downside_2026q4_fcf"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_acquisition_cash","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Net acquisition/holdback cash ($M)","value":28.736,"period":"FY2026","formula":{"op":"sum","refs":["h1_acquisition_cash","downside_2026q3_acquisition_cash","downside_2026q4_acquisition_cash"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_strategic_investing","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Other strategic investing ($M)","value":26.5,"period":"FY2026","formula":{"op":"sum","refs":["h1_strategic_investing","downside_2026q3_strategic_investing","downside_2026q4_strategic_investing"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_cash_after_investing","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Cash after business investing ($M)","value":-769.98305,"period":"FY2026","formula":{"op":"sum","refs":["h1_cash_after_investing","downside_2026q3_cash_after_investing","downside_2026q4_cash_after_investing"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_revenue","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Total revenue ($M)","value":19.0,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_revenue","downside_2027q2_revenue","downside_2027q3_revenue","downside_2027q4_revenue"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_engineering","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Engineering and manufacturing revenue ($M)","value":19.0,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_engineering","downside_2027q2_engineering","downside_2027q3_engineering","downside_2027q4_engineering"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_isotope","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Isotope revenue ($M)","value":0.0,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_isotope","downside_2027q2_isotope","downside_2027q3_isotope","downside_2027q4_isotope"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_power","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Commercial power revenue ($M)","value":0.0,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_power","downside_2027q2_power","downside_2027q3_power","downside_2027q4_power"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_gross_profit","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Gross profit proxy ($M)","value":4.75,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_gross_profit","downside_2027q2_gross_profit","downside_2027q3_gross_profit","downside_2027q4_gross_profit"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_operating_income","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Operating income proxy ($M)","value":-439.33,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_operating_income","downside_2027q2_operating_income","downside_2027q3_operating_income","downside_2027q4_operating_income"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Operating cash flow ($M)","value":-342.80499999999995,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_cfo","downside_2027q2_cfo","downside_2027q3_cfo","downside_2027q4_cfo"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Cash PP&E purchases ($M)","value":1000.0,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_capex","downside_2027q2_capex","downside_2027q3_capex","downside_2027q4_capex"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"CFO less PP&E ($M)","value":-1342.8049999999998,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_fcf","downside_2027q2_fcf","downside_2027q3_fcf","downside_2027q4_fcf"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_acquisition_cash","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Net acquisition/holdback cash ($M)","value":5.0,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_acquisition_cash","downside_2027q2_acquisition_cash","downside_2027q3_acquisition_cash","downside_2027q4_acquisition_cash"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_strategic_investing","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Other strategic investing ($M)","value":40.0,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_strategic_investing","downside_2027q2_strategic_investing","downside_2027q3_strategic_investing","downside_2027q4_strategic_investing"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_cash_after_investing","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Cash after business investing ($M)","value":-1387.8049999999998,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_cash_after_investing","downside_2027q2_cash_after_investing","downside_2027q3_cash_after_investing","downside_2027q4_cash_after_investing"]},"source_url":null,"source_date":null},{"id":"base_2026q3_engineering_activity","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Engineering activity reference revenue","value":4.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_engineering_realization","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering realization","value":1.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_engineering","case":"base","kind":"derived","unit":"USD_millions","basis":"Acquired operations contribute full quarters; this is not nuclear electricity revenue.","label":"Engineering and manufacturing revenue","value":4.0,"period":"2026Q3","formula":{"op":"multiply","refs":["base_2026q3_engineering_activity","base_2026q3_engineering_realization"]},"source_url":null,"source_date":null},{"id":"base_2026q3_isotope","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk scenario only; production, handling, acceptance and customer qualification remain conditions.","label":"Commercial isotope revenue","value":0.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_power","case":"base","kind":"assumption","unit":"USD_millions","basis":"First-powerhouse target is 2028; no commercial power sales through this model horizon.","label":"Commercial electricity revenue","value":0.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_revenue","case":"base","kind":"derived","unit":"USD_millions","basis":"Technical milestones and nonbinding demand agreements create no additional sales.","label":"Total revenue","value":4.0,"period":"2026Q3","formula":{"op":"sum","refs":["base_2026q3_engineering","base_2026q3_isotope","base_2026q3_power"]},"source_url":null,"source_date":null},{"id":"base_2026q3_engineering_margin","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering gross margin","value":0.4,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_engineering_gross","case":"base","kind":"derived","unit":"USD_millions","basis":"Independent project margin assumption.","label":"Engineering gross contribution","value":1.6,"period":"2026Q3","formula":{"op":"multiply","refs":["base_2026q3_engineering","base_2026q3_engineering_margin"]},"source_url":null,"source_date":null},{"id":"base_2026q3_isotope_margin","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Isotope early-ramp gross margin","value":-0.4,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_isotope_gross","case":"base","kind":"derived","unit":"USD_millions","basis":"Initial isotope ramp can lose money.","label":"Isotope gross contribution","value":0.0,"period":"2026Q3","formula":{"op":"multiply","refs":["base_2026q3_isotope","base_2026q3_isotope_margin"]},"source_url":null,"source_date":null},{"id":"base_2026q3_gross_profit","case":"base","kind":"derived","unit":"USD_millions","basis":"Power is zero in every case.","label":"Gross profit proxy","value":1.6,"period":"2026Q3","formula":{"op":"sum","refs":["base_2026q3_engineering_gross","base_2026q3_isotope_gross"]},"source_url":null,"source_date":null},{"id":"base_2026q3_capitalization_shift","case":"base","kind":"assumption","unit":"USD_millions","basis":"Sensitivity only: positive reclassifies paid development cost from operating to investing, leaving combined cash unchanged.","label":"Expense shifted into cash PP&E","value":0.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_gross_operating_cost","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Program and corporate expense before classification","value":70.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_operating_cost","case":"base","kind":"derived","unit":"USD_millions","basis":"Excludes cost of revenues already in gross profit; includes SBC and D&A.","label":"Operating program and corporate expenses","value":70.0,"period":"2026Q3","formula":{"op":"subtract","refs":["base_2026q3_gross_operating_cost","base_2026q3_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"base_2026q3_operating_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Independent of interest earned on equity-financed liquidity.","label":"Operating income proxy","value":-68.4,"period":"2026Q3","formula":{"op":"subtract","refs":["base_2026q3_gross_profit","base_2026q3_operating_cost"]},"source_url":null,"source_date":null},{"id":"base_2026q3_average_liquidity","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Average interest-earning liquidity","value":2800.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_cash_yield","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Annual cash yield","value":0.035,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_quarter_fraction","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Year fraction","value":0.25,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_interest_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Assumed average invested balance, not a complete cash balance forecast.","label":"Investment cash interest","value":24.500000000000004,"period":"2026Q3","formula":{"op":"multiply","refs":["base_2026q3_average_liquidity","base_2026q3_cash_yield","base_2026q3_quarter_fraction"]},"source_url":null,"source_date":null},{"id":"base_2026q3_sbc","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"SBC addback","value":17.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_da","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Depreciation and amortization addback","value":2.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_cash_before_working","case":"base","kind":"derived","unit":"USD_millions","basis":"SBC remains an ownership cost even when added back to CFO.","label":"Operating earnings plus noncash and interest","value":-24.900000000000002,"period":"2026Q3","formula":{"op":"sum","refs":["base_2026q3_operating_income","base_2026q3_sbc","base_2026q3_da","base_2026q3_interest_income"]},"source_url":null,"source_date":null},{"id":"base_2026q3_working_cash","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Tax working-capital and other operating cash use","value":8.1,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Base annual midpoint is a calibration, not proof of cash collection.","label":"Operating cash flow","value":-33.0,"period":"2026Q3","formula":{"op":"subtract","refs":["base_2026q3_cash_before_working","base_2026q3_working_cash"]},"source_url":null,"source_date":null},{"id":"base_2026q3_underlying_capex","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Underlying PP&E and project purchases","value":150.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Classification sensitivity offsets CFO one-for-one.","label":"Cash PP&E purchases","value":150.0,"period":"2026Q3","formula":{"op":"sum","refs":["base_2026q3_underlying_capex","base_2026q3_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"base_2026q3_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Not cash available to shareholders of a pre-commercial development company.","label":"CFO less PP&E","value":-183.0,"period":"2026Q3","formula":{"op":"subtract","refs":["base_2026q3_cfo","base_2026q3_capex"]},"source_url":null,"source_date":null},{"id":"base_2026q3_acquisition_cash","case":"base","kind":"assumption","unit":"USD_millions","basis":"Cash-settlement allowance, not an announced new acquisition.","label":"Acquisition holdback and contingent cash","value":2.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_strategic_investing","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Other strategic investing","value":5.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_nonppe_investing","case":"base","kind":"derived","unit":"USD_millions","basis":"Excludes transfers into treasury securities.","label":"Acquisition and other business investment","value":7.0,"period":"2026Q3","formula":{"op":"sum","refs":["base_2026q3_acquisition_cash","base_2026q3_strategic_investing"]},"source_url":null,"source_date":null},{"id":"base_2026q3_cash_after_investing","case":"base","kind":"derived","unit":"USD_millions","basis":"No assumed ATM receipts or second collection of H1 equity proceeds.","label":"Cash after business investing","value":-190.0,"period":"2026Q3","formula":{"op":"subtract","refs":["base_2026q3_fcf","base_2026q3_nonppe_investing"]},"source_url":null,"source_date":null},{"id":"base_2026q4_engineering_activity","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Engineering activity reference revenue","value":5.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_engineering_realization","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering realization","value":1.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_engineering","case":"base","kind":"derived","unit":"USD_millions","basis":"Acquired operations contribute full quarters; this is not nuclear electricity revenue.","label":"Engineering and manufacturing revenue","value":5.0,"period":"2026Q4","formula":{"op":"multiply","refs":["base_2026q4_engineering_activity","base_2026q4_engineering_realization"]},"source_url":null,"source_date":null},{"id":"base_2026q4_isotope","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk scenario only; production, handling, acceptance and customer qualification remain conditions.","label":"Commercial isotope revenue","value":0.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_power","case":"base","kind":"assumption","unit":"USD_millions","basis":"First-powerhouse target is 2028; no commercial power sales through this model horizon.","label":"Commercial electricity revenue","value":0.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_revenue","case":"base","kind":"derived","unit":"USD_millions","basis":"Technical milestones and nonbinding demand agreements create no additional sales.","label":"Total revenue","value":5.0,"period":"2026Q4","formula":{"op":"sum","refs":["base_2026q4_engineering","base_2026q4_isotope","base_2026q4_power"]},"source_url":null,"source_date":null},{"id":"base_2026q4_engineering_margin","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering gross margin","value":0.4,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_engineering_gross","case":"base","kind":"derived","unit":"USD_millions","basis":"Independent project margin assumption.","label":"Engineering gross contribution","value":2.0,"period":"2026Q4","formula":{"op":"multiply","refs":["base_2026q4_engineering","base_2026q4_engineering_margin"]},"source_url":null,"source_date":null},{"id":"base_2026q4_isotope_margin","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Isotope early-ramp gross margin","value":-0.4,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_isotope_gross","case":"base","kind":"derived","unit":"USD_millions","basis":"Initial isotope ramp can lose money.","label":"Isotope gross contribution","value":0.0,"period":"2026Q4","formula":{"op":"multiply","refs":["base_2026q4_isotope","base_2026q4_isotope_margin"]},"source_url":null,"source_date":null},{"id":"base_2026q4_gross_profit","case":"base","kind":"derived","unit":"USD_millions","basis":"Power is zero in every case.","label":"Gross profit proxy","value":2.0,"period":"2026Q4","formula":{"op":"sum","refs":["base_2026q4_engineering_gross","base_2026q4_isotope_gross"]},"source_url":null,"source_date":null},{"id":"base_2026q4_capitalization_shift","case":"base","kind":"assumption","unit":"USD_millions","basis":"Sensitivity only: positive reclassifies paid development cost from operating to investing, leaving combined cash unchanged.","label":"Expense shifted into cash PP&E","value":0.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_gross_operating_cost","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Program and corporate expense before classification","value":76.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_operating_cost","case":"base","kind":"derived","unit":"USD_millions","basis":"Excludes cost of revenues already in gross profit; includes SBC and D&A.","label":"Operating program and corporate expenses","value":76.0,"period":"2026Q4","formula":{"op":"subtract","refs":["base_2026q4_gross_operating_cost","base_2026q4_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"base_2026q4_operating_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Independent of interest earned on equity-financed liquidity.","label":"Operating income proxy","value":-74.0,"period":"2026Q4","formula":{"op":"subtract","refs":["base_2026q4_gross_profit","base_2026q4_operating_cost"]},"source_url":null,"source_date":null},{"id":"base_2026q4_average_liquidity","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Average interest-earning liquidity","value":2670.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_cash_yield","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Annual cash yield","value":0.035,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_quarter_fraction","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Year fraction","value":0.25,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_interest_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Assumed average invested balance, not a complete cash balance forecast.","label":"Investment cash interest","value":23.3625,"period":"2026Q4","formula":{"op":"multiply","refs":["base_2026q4_average_liquidity","base_2026q4_cash_yield","base_2026q4_quarter_fraction"]},"source_url":null,"source_date":null},{"id":"base_2026q4_sbc","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"SBC addback","value":19.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_da","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Depreciation and amortization addback","value":3.5,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_cash_before_working","case":"base","kind":"derived","unit":"USD_millions","basis":"SBC remains an ownership cost even when added back to CFO.","label":"Operating earnings plus noncash and interest","value":-28.1375,"period":"2026Q4","formula":{"op":"sum","refs":["base_2026q4_operating_income","base_2026q4_sbc","base_2026q4_da","base_2026q4_interest_income"]},"source_url":null,"source_date":null},{"id":"base_2026q4_working_cash","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Tax working-capital and other operating cash use","value":8.4035,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Base annual midpoint is a calibration, not proof of cash collection.","label":"Operating cash flow","value":-36.541,"period":"2026Q4","formula":{"op":"subtract","refs":["base_2026q4_cash_before_working","base_2026q4_working_cash"]},"source_url":null,"source_date":null},{"id":"base_2026q4_underlying_capex","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Underlying PP&E and project purchases","value":173.099,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Classification sensitivity offsets CFO one-for-one.","label":"Cash PP&E purchases","value":173.099,"period":"2026Q4","formula":{"op":"sum","refs":["base_2026q4_underlying_capex","base_2026q4_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"base_2026q4_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Not cash available to shareholders of a pre-commercial development company.","label":"CFO less PP&E","value":-209.64,"period":"2026Q4","formula":{"op":"subtract","refs":["base_2026q4_cfo","base_2026q4_capex"]},"source_url":null,"source_date":null},{"id":"base_2026q4_acquisition_cash","case":"base","kind":"assumption","unit":"USD_millions","basis":"Cash-settlement allowance, not an announced new acquisition.","label":"Acquisition holdback and contingent cash","value":1.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_strategic_investing","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Other strategic investing","value":5.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_nonppe_investing","case":"base","kind":"derived","unit":"USD_millions","basis":"Excludes transfers into treasury securities.","label":"Acquisition and other business investment","value":6.0,"period":"2026Q4","formula":{"op":"sum","refs":["base_2026q4_acquisition_cash","base_2026q4_strategic_investing"]},"source_url":null,"source_date":null},{"id":"base_2026q4_cash_after_investing","case":"base","kind":"derived","unit":"USD_millions","basis":"No assumed ATM receipts or second collection of H1 equity proceeds.","label":"Cash after business investing","value":-215.64,"period":"2026Q4","formula":{"op":"subtract","refs":["base_2026q4_fcf","base_2026q4_nonppe_investing"]},"source_url":null,"source_date":null},{"id":"base_2027q1_engineering_activity","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Engineering activity reference revenue","value":6.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_engineering_realization","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering realization","value":1.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_engineering","case":"base","kind":"derived","unit":"USD_millions","basis":"Acquired operations contribute full quarters; this is not nuclear electricity revenue.","label":"Engineering and manufacturing revenue","value":6.0,"period":"2027Q1","formula":{"op":"multiply","refs":["base_2027q1_engineering_activity","base_2027q1_engineering_realization"]},"source_url":null,"source_date":null},{"id":"base_2027q1_isotope","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk scenario only; production, handling, acceptance and customer qualification remain conditions.","label":"Commercial isotope revenue","value":1.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_power","case":"base","kind":"assumption","unit":"USD_millions","basis":"First-powerhouse target is 2028; no commercial power sales through this model horizon.","label":"Commercial electricity revenue","value":0.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_revenue","case":"base","kind":"derived","unit":"USD_millions","basis":"Technical milestones and nonbinding demand agreements create no additional sales.","label":"Total revenue","value":7.0,"period":"2027Q1","formula":{"op":"sum","refs":["base_2027q1_engineering","base_2027q1_isotope","base_2027q1_power"]},"source_url":null,"source_date":null},{"id":"base_2027q1_engineering_margin","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering gross margin","value":0.4,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_engineering_gross","case":"base","kind":"derived","unit":"USD_millions","basis":"Independent project margin assumption.","label":"Engineering gross contribution","value":2.4000000000000004,"period":"2027Q1","formula":{"op":"multiply","refs":["base_2027q1_engineering","base_2027q1_engineering_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q1_isotope_margin","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Isotope early-ramp gross margin","value":-0.4,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_isotope_gross","case":"base","kind":"derived","unit":"USD_millions","basis":"Initial isotope ramp can lose money.","label":"Isotope gross contribution","value":-0.4,"period":"2027Q1","formula":{"op":"multiply","refs":["base_2027q1_isotope","base_2027q1_isotope_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q1_gross_profit","case":"base","kind":"derived","unit":"USD_millions","basis":"Power is zero in every case.","label":"Gross profit proxy","value":2.0000000000000004,"period":"2027Q1","formula":{"op":"sum","refs":["base_2027q1_engineering_gross","base_2027q1_isotope_gross"]},"source_url":null,"source_date":null},{"id":"base_2027q1_capitalization_shift","case":"base","kind":"assumption","unit":"USD_millions","basis":"Sensitivity only: positive reclassifies paid development cost from operating to investing, leaving combined cash unchanged.","label":"Expense shifted into cash PP&E","value":0.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_gross_operating_cost","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Program and corporate expense before classification","value":82.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_operating_cost","case":"base","kind":"derived","unit":"USD_millions","basis":"Excludes cost of revenues already in gross profit; includes SBC and D&A.","label":"Operating program and corporate expenses","value":82.0,"period":"2027Q1","formula":{"op":"subtract","refs":["base_2027q1_gross_operating_cost","base_2027q1_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"base_2027q1_operating_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Independent of interest earned on equity-financed liquidity.","label":"Operating income proxy","value":-80.0,"period":"2027Q1","formula":{"op":"subtract","refs":["base_2027q1_gross_profit","base_2027q1_operating_cost"]},"source_url":null,"source_date":null},{"id":"base_2027q1_average_liquidity","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Average interest-earning liquidity","value":2540.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_cash_yield","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Annual cash yield","value":0.035,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_quarter_fraction","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Year fraction","value":0.25,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_interest_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Assumed average invested balance, not a complete cash balance forecast.","label":"Investment cash interest","value":22.225,"period":"2027Q1","formula":{"op":"multiply","refs":["base_2027q1_average_liquidity","base_2027q1_cash_yield","base_2027q1_quarter_fraction"]},"source_url":null,"source_date":null},{"id":"base_2027q1_sbc","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"SBC addback","value":21.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_da","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Depreciation and amortization addback","value":5.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_cash_before_working","case":"base","kind":"derived","unit":"USD_millions","basis":"SBC remains an ownership cost even when added back to CFO.","label":"Operating earnings plus noncash and interest","value":-31.775,"period":"2027Q1","formula":{"op":"sum","refs":["base_2027q1_operating_income","base_2027q1_sbc","base_2027q1_da","base_2027q1_interest_income"]},"source_url":null,"source_date":null},{"id":"base_2027q1_working_cash","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Tax working-capital and other operating cash use","value":12.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Base annual midpoint is a calibration, not proof of cash collection.","label":"Operating cash flow","value":-43.775,"period":"2027Q1","formula":{"op":"subtract","refs":["base_2027q1_cash_before_working","base_2027q1_working_cash"]},"source_url":null,"source_date":null},{"id":"base_2027q1_underlying_capex","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Underlying PP&E and project purchases","value":170.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Classification sensitivity offsets CFO one-for-one.","label":"Cash PP&E purchases","value":170.0,"period":"2027Q1","formula":{"op":"sum","refs":["base_2027q1_underlying_capex","base_2027q1_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"base_2027q1_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Not cash available to shareholders of a pre-commercial development company.","label":"CFO less PP&E","value":-213.775,"period":"2027Q1","formula":{"op":"subtract","refs":["base_2027q1_cfo","base_2027q1_capex"]},"source_url":null,"source_date":null},{"id":"base_2027q1_acquisition_cash","case":"base","kind":"assumption","unit":"USD_millions","basis":"Cash-settlement allowance, not an announced new acquisition.","label":"Acquisition holdback and contingent cash","value":2.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_strategic_investing","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Other strategic investing","value":10.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_nonppe_investing","case":"base","kind":"derived","unit":"USD_millions","basis":"Excludes transfers into treasury securities.","label":"Acquisition and other business investment","value":12.0,"period":"2027Q1","formula":{"op":"sum","refs":["base_2027q1_acquisition_cash","base_2027q1_strategic_investing"]},"source_url":null,"source_date":null},{"id":"base_2027q1_cash_after_investing","case":"base","kind":"derived","unit":"USD_millions","basis":"No assumed ATM receipts or second collection of H1 equity proceeds.","label":"Cash after business investing","value":-225.775,"period":"2027Q1","formula":{"op":"subtract","refs":["base_2027q1_fcf","base_2027q1_nonppe_investing"]},"source_url":null,"source_date":null},{"id":"base_2027q2_engineering_activity","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Engineering activity reference revenue","value":7.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_engineering_realization","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering realization","value":1.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_engineering","case":"base","kind":"derived","unit":"USD_millions","basis":"Acquired operations contribute full quarters; this is not nuclear electricity revenue.","label":"Engineering and manufacturing revenue","value":7.0,"period":"2027Q2","formula":{"op":"multiply","refs":["base_2027q2_engineering_activity","base_2027q2_engineering_realization"]},"source_url":null,"source_date":null},{"id":"base_2027q2_isotope","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk scenario only; production, handling, acceptance and customer qualification remain conditions.","label":"Commercial isotope revenue","value":2.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_power","case":"base","kind":"assumption","unit":"USD_millions","basis":"First-powerhouse target is 2028; no commercial power sales through this model horizon.","label":"Commercial electricity revenue","value":0.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_revenue","case":"base","kind":"derived","unit":"USD_millions","basis":"Technical milestones and nonbinding demand agreements create no additional sales.","label":"Total revenue","value":9.0,"period":"2027Q2","formula":{"op":"sum","refs":["base_2027q2_engineering","base_2027q2_isotope","base_2027q2_power"]},"source_url":null,"source_date":null},{"id":"base_2027q2_engineering_margin","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering gross margin","value":0.4,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_engineering_gross","case":"base","kind":"derived","unit":"USD_millions","basis":"Independent project margin assumption.","label":"Engineering gross contribution","value":2.8000000000000003,"period":"2027Q2","formula":{"op":"multiply","refs":["base_2027q2_engineering","base_2027q2_engineering_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q2_isotope_margin","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Isotope early-ramp gross margin","value":-0.25,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_isotope_gross","case":"base","kind":"derived","unit":"USD_millions","basis":"Initial isotope ramp can lose money.","label":"Isotope gross contribution","value":-0.5,"period":"2027Q2","formula":{"op":"multiply","refs":["base_2027q2_isotope","base_2027q2_isotope_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q2_gross_profit","case":"base","kind":"derived","unit":"USD_millions","basis":"Power is zero in every case.","label":"Gross profit proxy","value":2.3000000000000003,"period":"2027Q2","formula":{"op":"sum","refs":["base_2027q2_engineering_gross","base_2027q2_isotope_gross"]},"source_url":null,"source_date":null},{"id":"base_2027q2_capitalization_shift","case":"base","kind":"assumption","unit":"USD_millions","basis":"Sensitivity only: positive reclassifies paid development cost from operating to investing, leaving combined cash unchanged.","label":"Expense shifted into cash PP&E","value":0.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_gross_operating_cost","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Program and corporate expense before classification","value":88.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_operating_cost","case":"base","kind":"derived","unit":"USD_millions","basis":"Excludes cost of revenues already in gross profit; includes SBC and D&A.","label":"Operating program and corporate expenses","value":88.0,"period":"2027Q2","formula":{"op":"subtract","refs":["base_2027q2_gross_operating_cost","base_2027q2_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"base_2027q2_operating_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Independent of interest earned on equity-financed liquidity.","label":"Operating income proxy","value":-85.7,"period":"2027Q2","formula":{"op":"subtract","refs":["base_2027q2_gross_profit","base_2027q2_operating_cost"]},"source_url":null,"source_date":null},{"id":"base_2027q2_average_liquidity","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Average interest-earning liquidity","value":2410.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_cash_yield","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Annual cash yield","value":0.035,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_quarter_fraction","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Year fraction","value":0.25,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_interest_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Assumed average invested balance, not a complete cash balance forecast.","label":"Investment cash interest","value":21.087500000000002,"period":"2027Q2","formula":{"op":"multiply","refs":["base_2027q2_average_liquidity","base_2027q2_cash_yield","base_2027q2_quarter_fraction"]},"source_url":null,"source_date":null},{"id":"base_2027q2_sbc","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"SBC addback","value":23.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_da","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Depreciation and amortization addback","value":6.5,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_cash_before_working","case":"base","kind":"derived","unit":"USD_millions","basis":"SBC remains an ownership cost even when added back to CFO.","label":"Operating earnings plus noncash and interest","value":-35.1125,"period":"2027Q2","formula":{"op":"sum","refs":["base_2027q2_operating_income","base_2027q2_sbc","base_2027q2_da","base_2027q2_interest_income"]},"source_url":null,"source_date":null},{"id":"base_2027q2_working_cash","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Tax working-capital and other operating cash use","value":15.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Base annual midpoint is a calibration, not proof of cash collection.","label":"Operating cash flow","value":-50.1125,"period":"2027Q2","formula":{"op":"subtract","refs":["base_2027q2_cash_before_working","base_2027q2_working_cash"]},"source_url":null,"source_date":null},{"id":"base_2027q2_underlying_capex","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Underlying PP&E and project purchases","value":190.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Classification sensitivity offsets CFO one-for-one.","label":"Cash PP&E purchases","value":190.0,"period":"2027Q2","formula":{"op":"sum","refs":["base_2027q2_underlying_capex","base_2027q2_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"base_2027q2_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Not cash available to shareholders of a pre-commercial development company.","label":"CFO less PP&E","value":-240.1125,"period":"2027Q2","formula":{"op":"subtract","refs":["base_2027q2_cfo","base_2027q2_capex"]},"source_url":null,"source_date":null},{"id":"base_2027q2_acquisition_cash","case":"base","kind":"assumption","unit":"USD_millions","basis":"Cash-settlement allowance, not an announced new acquisition.","label":"Acquisition holdback and contingent cash","value":1.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_strategic_investing","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Other strategic investing","value":10.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_nonppe_investing","case":"base","kind":"derived","unit":"USD_millions","basis":"Excludes transfers into treasury securities.","label":"Acquisition and other business investment","value":11.0,"period":"2027Q2","formula":{"op":"sum","refs":["base_2027q2_acquisition_cash","base_2027q2_strategic_investing"]},"source_url":null,"source_date":null},{"id":"base_2027q2_cash_after_investing","case":"base","kind":"derived","unit":"USD_millions","basis":"No assumed ATM receipts or second collection of H1 equity proceeds.","label":"Cash after business investing","value":-251.1125,"period":"2027Q2","formula":{"op":"subtract","refs":["base_2027q2_fcf","base_2027q2_nonppe_investing"]},"source_url":null,"source_date":null},{"id":"base_2027q3_engineering_activity","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Engineering activity reference revenue","value":8.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_engineering_realization","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering realization","value":1.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_engineering","case":"base","kind":"derived","unit":"USD_millions","basis":"Acquired operations contribute full quarters; this is not nuclear electricity revenue.","label":"Engineering and manufacturing revenue","value":8.0,"period":"2027Q3","formula":{"op":"multiply","refs":["base_2027q3_engineering_activity","base_2027q3_engineering_realization"]},"source_url":null,"source_date":null},{"id":"base_2027q3_isotope","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk scenario only; production, handling, acceptance and customer qualification remain conditions.","label":"Commercial isotope revenue","value":3.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_power","case":"base","kind":"assumption","unit":"USD_millions","basis":"First-powerhouse target is 2028; no commercial power sales through this model horizon.","label":"Commercial electricity revenue","value":0.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_revenue","case":"base","kind":"derived","unit":"USD_millions","basis":"Technical milestones and nonbinding demand agreements create no additional sales.","label":"Total revenue","value":11.0,"period":"2027Q3","formula":{"op":"sum","refs":["base_2027q3_engineering","base_2027q3_isotope","base_2027q3_power"]},"source_url":null,"source_date":null},{"id":"base_2027q3_engineering_margin","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering gross margin","value":0.4,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_engineering_gross","case":"base","kind":"derived","unit":"USD_millions","basis":"Independent project margin assumption.","label":"Engineering gross contribution","value":3.2,"period":"2027Q3","formula":{"op":"multiply","refs":["base_2027q3_engineering","base_2027q3_engineering_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q3_isotope_margin","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Isotope early-ramp gross margin","value":-0.10000000000000003,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_isotope_gross","case":"base","kind":"derived","unit":"USD_millions","basis":"Initial isotope ramp can lose money.","label":"Isotope gross contribution","value":-0.3000000000000001,"period":"2027Q3","formula":{"op":"multiply","refs":["base_2027q3_isotope","base_2027q3_isotope_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q3_gross_profit","case":"base","kind":"derived","unit":"USD_millions","basis":"Power is zero in every case.","label":"Gross profit proxy","value":2.9,"period":"2027Q3","formula":{"op":"sum","refs":["base_2027q3_engineering_gross","base_2027q3_isotope_gross"]},"source_url":null,"source_date":null},{"id":"base_2027q3_capitalization_shift","case":"base","kind":"assumption","unit":"USD_millions","basis":"Sensitivity only: positive reclassifies paid development cost from operating to investing, leaving combined cash unchanged.","label":"Expense shifted into cash PP&E","value":0.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_gross_operating_cost","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Program and corporate expense before classification","value":94.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_operating_cost","case":"base","kind":"derived","unit":"USD_millions","basis":"Excludes cost of revenues already in gross profit; includes SBC and D&A.","label":"Operating program and corporate expenses","value":94.0,"period":"2027Q3","formula":{"op":"subtract","refs":["base_2027q3_gross_operating_cost","base_2027q3_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"base_2027q3_operating_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Independent of interest earned on equity-financed liquidity.","label":"Operating income proxy","value":-91.1,"period":"2027Q3","formula":{"op":"subtract","refs":["base_2027q3_gross_profit","base_2027q3_operating_cost"]},"source_url":null,"source_date":null},{"id":"base_2027q3_average_liquidity","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Average interest-earning liquidity","value":2280.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_cash_yield","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Annual cash yield","value":0.035,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_quarter_fraction","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Year fraction","value":0.25,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_interest_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Assumed average invested balance, not a complete cash balance forecast.","label":"Investment cash interest","value":19.950000000000003,"period":"2027Q3","formula":{"op":"multiply","refs":["base_2027q3_average_liquidity","base_2027q3_cash_yield","base_2027q3_quarter_fraction"]},"source_url":null,"source_date":null},{"id":"base_2027q3_sbc","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"SBC addback","value":25.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_da","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Depreciation and amortization addback","value":8.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_cash_before_working","case":"base","kind":"derived","unit":"USD_millions","basis":"SBC remains an ownership cost even when added back to CFO.","label":"Operating earnings plus noncash and interest","value":-38.14999999999999,"period":"2027Q3","formula":{"op":"sum","refs":["base_2027q3_operating_income","base_2027q3_sbc","base_2027q3_da","base_2027q3_interest_income"]},"source_url":null,"source_date":null},{"id":"base_2027q3_working_cash","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Tax working-capital and other operating cash use","value":18.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Base annual midpoint is a calibration, not proof of cash collection.","label":"Operating cash flow","value":-56.14999999999999,"period":"2027Q3","formula":{"op":"subtract","refs":["base_2027q3_cash_before_working","base_2027q3_working_cash"]},"source_url":null,"source_date":null},{"id":"base_2027q3_underlying_capex","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Underlying PP&E and project purchases","value":210.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Classification sensitivity offsets CFO one-for-one.","label":"Cash PP&E purchases","value":210.0,"period":"2027Q3","formula":{"op":"sum","refs":["base_2027q3_underlying_capex","base_2027q3_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"base_2027q3_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Not cash available to shareholders of a pre-commercial development company.","label":"CFO less PP&E","value":-266.15,"period":"2027Q3","formula":{"op":"subtract","refs":["base_2027q3_cfo","base_2027q3_capex"]},"source_url":null,"source_date":null},{"id":"base_2027q3_acquisition_cash","case":"base","kind":"assumption","unit":"USD_millions","basis":"Cash-settlement allowance, not an announced new acquisition.","label":"Acquisition holdback and contingent cash","value":1.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_strategic_investing","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Other strategic investing","value":10.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_nonppe_investing","case":"base","kind":"derived","unit":"USD_millions","basis":"Excludes transfers into treasury securities.","label":"Acquisition and other business investment","value":11.0,"period":"2027Q3","formula":{"op":"sum","refs":["base_2027q3_acquisition_cash","base_2027q3_strategic_investing"]},"source_url":null,"source_date":null},{"id":"base_2027q3_cash_after_investing","case":"base","kind":"derived","unit":"USD_millions","basis":"No assumed ATM receipts or second collection of H1 equity proceeds.","label":"Cash after business investing","value":-277.15,"period":"2027Q3","formula":{"op":"subtract","refs":["base_2027q3_fcf","base_2027q3_nonppe_investing"]},"source_url":null,"source_date":null},{"id":"base_2027q4_engineering_activity","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Engineering activity reference revenue","value":9.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_engineering_realization","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering realization","value":1.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_engineering","case":"base","kind":"derived","unit":"USD_millions","basis":"Acquired operations contribute full quarters; this is not nuclear electricity revenue.","label":"Engineering and manufacturing revenue","value":9.0,"period":"2027Q4","formula":{"op":"multiply","refs":["base_2027q4_engineering_activity","base_2027q4_engineering_realization"]},"source_url":null,"source_date":null},{"id":"base_2027q4_isotope","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk scenario only; production, handling, acceptance and customer qualification remain conditions.","label":"Commercial isotope revenue","value":4.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_power","case":"base","kind":"assumption","unit":"USD_millions","basis":"First-powerhouse target is 2028; no commercial power sales through this model horizon.","label":"Commercial electricity revenue","value":0.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_revenue","case":"base","kind":"derived","unit":"USD_millions","basis":"Technical milestones and nonbinding demand agreements create no additional sales.","label":"Total revenue","value":13.0,"period":"2027Q4","formula":{"op":"sum","refs":["base_2027q4_engineering","base_2027q4_isotope","base_2027q4_power"]},"source_url":null,"source_date":null},{"id":"base_2027q4_engineering_margin","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering gross margin","value":0.4,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_engineering_gross","case":"base","kind":"derived","unit":"USD_millions","basis":"Independent project margin assumption.","label":"Engineering gross contribution","value":3.6,"period":"2027Q4","formula":{"op":"multiply","refs":["base_2027q4_engineering","base_2027q4_engineering_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q4_isotope_margin","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Isotope early-ramp gross margin","value":0.04999999999999993,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_isotope_gross","case":"base","kind":"derived","unit":"USD_millions","basis":"Initial isotope ramp can lose money.","label":"Isotope gross contribution","value":0.19999999999999973,"period":"2027Q4","formula":{"op":"multiply","refs":["base_2027q4_isotope","base_2027q4_isotope_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q4_gross_profit","case":"base","kind":"derived","unit":"USD_millions","basis":"Power is zero in every case.","label":"Gross profit proxy","value":3.8,"period":"2027Q4","formula":{"op":"sum","refs":["base_2027q4_engineering_gross","base_2027q4_isotope_gross"]},"source_url":null,"source_date":null},{"id":"base_2027q4_capitalization_shift","case":"base","kind":"assumption","unit":"USD_millions","basis":"Sensitivity only: positive reclassifies paid development cost from operating to investing, leaving combined cash unchanged.","label":"Expense shifted into cash PP&E","value":0.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_gross_operating_cost","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Program and corporate expense before classification","value":100.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_operating_cost","case":"base","kind":"derived","unit":"USD_millions","basis":"Excludes cost of revenues already in gross profit; includes SBC and D&A.","label":"Operating program and corporate expenses","value":100.0,"period":"2027Q4","formula":{"op":"subtract","refs":["base_2027q4_gross_operating_cost","base_2027q4_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"base_2027q4_operating_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Independent of interest earned on equity-financed liquidity.","label":"Operating income proxy","value":-96.2,"period":"2027Q4","formula":{"op":"subtract","refs":["base_2027q4_gross_profit","base_2027q4_operating_cost"]},"source_url":null,"source_date":null},{"id":"base_2027q4_average_liquidity","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Average interest-earning liquidity","value":2150.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_cash_yield","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Annual cash yield","value":0.035,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_quarter_fraction","case":"base","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Year fraction","value":0.25,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_interest_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Assumed average invested balance, not a complete cash balance forecast.","label":"Investment cash interest","value":18.812500000000004,"period":"2027Q4","formula":{"op":"multiply","refs":["base_2027q4_average_liquidity","base_2027q4_cash_yield","base_2027q4_quarter_fraction"]},"source_url":null,"source_date":null},{"id":"base_2027q4_sbc","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"SBC addback","value":27.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_da","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Depreciation and amortization addback","value":9.5,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_cash_before_working","case":"base","kind":"derived","unit":"USD_millions","basis":"SBC remains an ownership cost even when added back to CFO.","label":"Operating earnings plus noncash and interest","value":-40.8875,"period":"2027Q4","formula":{"op":"sum","refs":["base_2027q4_operating_income","base_2027q4_sbc","base_2027q4_da","base_2027q4_interest_income"]},"source_url":null,"source_date":null},{"id":"base_2027q4_working_cash","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Tax working-capital and other operating cash use","value":22.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Base annual midpoint is a calibration, not proof of cash collection.","label":"Operating cash flow","value":-62.8875,"period":"2027Q4","formula":{"op":"subtract","refs":["base_2027q4_cash_before_working","base_2027q4_working_cash"]},"source_url":null,"source_date":null},{"id":"base_2027q4_underlying_capex","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Underlying PP&E and project purchases","value":230.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Classification sensitivity offsets CFO one-for-one.","label":"Cash PP&E purchases","value":230.0,"period":"2027Q4","formula":{"op":"sum","refs":["base_2027q4_underlying_capex","base_2027q4_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"base_2027q4_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Not cash available to shareholders of a pre-commercial development company.","label":"CFO less PP&E","value":-292.8875,"period":"2027Q4","formula":{"op":"subtract","refs":["base_2027q4_cfo","base_2027q4_capex"]},"source_url":null,"source_date":null},{"id":"base_2027q4_acquisition_cash","case":"base","kind":"assumption","unit":"USD_millions","basis":"Cash-settlement allowance, not an announced new acquisition.","label":"Acquisition holdback and contingent cash","value":1.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_strategic_investing","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Other strategic investing","value":10.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_nonppe_investing","case":"base","kind":"derived","unit":"USD_millions","basis":"Excludes transfers into treasury securities.","label":"Acquisition and other business investment","value":11.0,"period":"2027Q4","formula":{"op":"sum","refs":["base_2027q4_acquisition_cash","base_2027q4_strategic_investing"]},"source_url":null,"source_date":null},{"id":"base_2027q4_cash_after_investing","case":"base","kind":"derived","unit":"USD_millions","basis":"No assumed ATM receipts or second collection of H1 equity proceeds.","label":"Cash after business investing","value":-303.8875,"period":"2027Q4","formula":{"op":"subtract","refs":["base_2027q4_fcf","base_2027q4_nonppe_investing"]},"source_url":null,"source_date":null},{"id":"base_fy2026_revenue","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Total revenue ($M)","value":10.21,"period":"FY2026","formula":{"op":"sum","refs":["h1_revenue","base_2026q3_revenue","base_2026q4_revenue"]},"source_url":null,"source_date":null},{"id":"base_fy2026_engineering","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Engineering and manufacturing revenue ($M)","value":10.21,"period":"FY2026","formula":{"op":"sum","refs":["h1_engineering","base_2026q3_engineering","base_2026q4_engineering"]},"source_url":null,"source_date":null},{"id":"base_fy2026_isotope","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Isotope revenue ($M)","value":0.0,"period":"FY2026","formula":{"op":"sum","refs":["h1_isotope","base_2026q3_isotope","base_2026q4_isotope"]},"source_url":null,"source_date":null},{"id":"base_fy2026_power","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Commercial power revenue ($M)","value":0.0,"period":"FY2026","formula":{"op":"sum","refs":["h1_power","base_2026q3_power","base_2026q4_power"]},"source_url":null,"source_date":null},{"id":"base_fy2026_gross_profit","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Gross profit proxy ($M)","value":4.089,"period":"FY2026","formula":{"op":"sum","refs":["h1_gross_profit","base_2026q3_gross_profit","base_2026q4_gross_profit"]},"source_url":null,"source_date":null},{"id":"base_fy2026_operating_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Operating income proxy ($M)","value":-266.56600000000003,"period":"FY2026","formula":{"op":"sum","refs":["h1_operating_income","base_2026q3_operating_income","base_2026q4_operating_income"]},"source_url":null,"source_date":null},{"id":"base_fy2026_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Operating cash flow ($M)","value":-135.0,"period":"FY2026","formula":{"op":"sum","refs":["h1_cfo","base_2026q3_cfo","base_2026q4_cfo"]},"source_url":null,"source_date":null},{"id":"base_fy2026_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Cash PP&E purchases ($M)","value":450.0,"period":"FY2026","formula":{"op":"sum","refs":["h1_capex","base_2026q3_capex","base_2026q4_capex"]},"source_url":null,"source_date":null},{"id":"base_fy2026_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"CFO less PP&E ($M)","value":-585.0,"period":"FY2026","formula":{"op":"sum","refs":["h1_fcf","base_2026q3_fcf","base_2026q4_fcf"]},"source_url":null,"source_date":null},{"id":"base_fy2026_acquisition_cash","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Net acquisition/holdback cash ($M)","value":28.736,"period":"FY2026","formula":{"op":"sum","refs":["h1_acquisition_cash","base_2026q3_acquisition_cash","base_2026q4_acquisition_cash"]},"source_url":null,"source_date":null},{"id":"base_fy2026_strategic_investing","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Other strategic investing ($M)","value":26.5,"period":"FY2026","formula":{"op":"sum","refs":["h1_strategic_investing","base_2026q3_strategic_investing","base_2026q4_strategic_investing"]},"source_url":null,"source_date":null},{"id":"base_fy2026_cash_after_investing","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Cash after business investing ($M)","value":-640.236,"period":"FY2026","formula":{"op":"sum","refs":["h1_cash_after_investing","base_2026q3_cash_after_investing","base_2026q4_cash_after_investing"]},"source_url":null,"source_date":null},{"id":"base_fy2027_revenue","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Total revenue ($M)","value":40.0,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_revenue","base_2027q2_revenue","base_2027q3_revenue","base_2027q4_revenue"]},"source_url":null,"source_date":null},{"id":"base_fy2027_engineering","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Engineering and manufacturing revenue ($M)","value":30.0,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_engineering","base_2027q2_engineering","base_2027q3_engineering","base_2027q4_engineering"]},"source_url":null,"source_date":null},{"id":"base_fy2027_isotope","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Isotope revenue ($M)","value":10.0,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_isotope","base_2027q2_isotope","base_2027q3_isotope","base_2027q4_isotope"]},"source_url":null,"source_date":null},{"id":"base_fy2027_power","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Commercial power revenue ($M)","value":0.0,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_power","base_2027q2_power","base_2027q3_power","base_2027q4_power"]},"source_url":null,"source_date":null},{"id":"base_fy2027_gross_profit","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Gross profit proxy ($M)","value":11.0,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_gross_profit","base_2027q2_gross_profit","base_2027q3_gross_profit","base_2027q4_gross_profit"]},"source_url":null,"source_date":null},{"id":"base_fy2027_operating_income","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Operating income proxy ($M)","value":-352.99999999999994,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_operating_income","base_2027q2_operating_income","base_2027q3_operating_income","base_2027q4_operating_income"]},"source_url":null,"source_date":null},{"id":"base_fy2027_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Operating cash flow ($M)","value":-212.92499999999995,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_cfo","base_2027q2_cfo","base_2027q3_cfo","base_2027q4_cfo"]},"source_url":null,"source_date":null},{"id":"base_fy2027_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Cash PP&E purchases ($M)","value":800.0,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_capex","base_2027q2_capex","base_2027q3_capex","base_2027q4_capex"]},"source_url":null,"source_date":null},{"id":"base_fy2027_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"CFO less PP&E ($M)","value":-1012.925,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_fcf","base_2027q2_fcf","base_2027q3_fcf","base_2027q4_fcf"]},"source_url":null,"source_date":null},{"id":"base_fy2027_acquisition_cash","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Net acquisition/holdback cash ($M)","value":5.0,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_acquisition_cash","base_2027q2_acquisition_cash","base_2027q3_acquisition_cash","base_2027q4_acquisition_cash"]},"source_url":null,"source_date":null},{"id":"base_fy2027_strategic_investing","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Other strategic investing ($M)","value":40.0,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_strategic_investing","base_2027q2_strategic_investing","base_2027q3_strategic_investing","base_2027q4_strategic_investing"]},"source_url":null,"source_date":null},{"id":"base_fy2027_cash_after_investing","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Cash after business investing ($M)","value":-1057.925,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_cash_after_investing","base_2027q2_cash_after_investing","base_2027q3_cash_after_investing","base_2027q4_cash_after_investing"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_engineering_activity","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Engineering activity reference revenue","value":5.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_engineering_realization","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering realization","value":1.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_engineering","case":"upside","kind":"derived","unit":"USD_millions","basis":"Acquired operations contribute full quarters; this is not nuclear electricity revenue.","label":"Engineering and manufacturing revenue","value":5.0,"period":"2026Q3","formula":{"op":"multiply","refs":["upside_2026q3_engineering_activity","upside_2026q3_engineering_realization"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_isotope","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk scenario only; production, handling, acceptance and customer qualification remain conditions.","label":"Commercial isotope revenue","value":0.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_power","case":"upside","kind":"assumption","unit":"USD_millions","basis":"First-powerhouse target is 2028; no commercial power sales through this model horizon.","label":"Commercial electricity revenue","value":0.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_revenue","case":"upside","kind":"derived","unit":"USD_millions","basis":"Technical milestones and nonbinding demand agreements create no additional sales.","label":"Total revenue","value":5.0,"period":"2026Q3","formula":{"op":"sum","refs":["upside_2026q3_engineering","upside_2026q3_isotope","upside_2026q3_power"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_engineering_margin","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering gross margin","value":0.48,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_engineering_gross","case":"upside","kind":"derived","unit":"USD_millions","basis":"Independent project margin assumption.","label":"Engineering gross contribution","value":2.4,"period":"2026Q3","formula":{"op":"multiply","refs":["upside_2026q3_engineering","upside_2026q3_engineering_margin"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_isotope_margin","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Isotope early-ramp gross margin","value":-0.4,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_isotope_gross","case":"upside","kind":"derived","unit":"USD_millions","basis":"Initial isotope ramp can lose money.","label":"Isotope gross contribution","value":0.0,"period":"2026Q3","formula":{"op":"multiply","refs":["upside_2026q3_isotope","upside_2026q3_isotope_margin"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_gross_profit","case":"upside","kind":"derived","unit":"USD_millions","basis":"Power is zero in every case.","label":"Gross profit proxy","value":2.4,"period":"2026Q3","formula":{"op":"sum","refs":["upside_2026q3_engineering_gross","upside_2026q3_isotope_gross"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_capitalization_shift","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Sensitivity only: positive reclassifies paid development cost from operating to investing, leaving combined cash unchanged.","label":"Expense shifted into cash PP&E","value":0.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_gross_operating_cost","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Program and corporate expense before classification","value":66.5,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_operating_cost","case":"upside","kind":"derived","unit":"USD_millions","basis":"Excludes cost of revenues already in gross profit; includes SBC and D&A.","label":"Operating program and corporate expenses","value":66.5,"period":"2026Q3","formula":{"op":"subtract","refs":["upside_2026q3_gross_operating_cost","upside_2026q3_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_operating_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Independent of interest earned on equity-financed liquidity.","label":"Operating income proxy","value":-64.1,"period":"2026Q3","formula":{"op":"subtract","refs":["upside_2026q3_gross_profit","upside_2026q3_operating_cost"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_average_liquidity","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Average interest-earning liquidity","value":2800.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_cash_yield","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Annual cash yield","value":0.04,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_quarter_fraction","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Year fraction","value":0.25,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_interest_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Assumed average invested balance, not a complete cash balance forecast.","label":"Investment cash interest","value":28.0,"period":"2026Q3","formula":{"op":"multiply","refs":["upside_2026q3_average_liquidity","upside_2026q3_cash_yield","upside_2026q3_quarter_fraction"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_sbc","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"SBC addback","value":17.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_da","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Depreciation and amortization addback","value":2.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_cash_before_working","case":"upside","kind":"derived","unit":"USD_millions","basis":"SBC remains an ownership cost even when added back to CFO.","label":"Operating earnings plus noncash and interest","value":-17.099999999999994,"period":"2026Q3","formula":{"op":"sum","refs":["upside_2026q3_operating_income","upside_2026q3_sbc","upside_2026q3_da","upside_2026q3_interest_income"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_working_cash","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Tax working-capital and other operating cash use","value":8.1,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Base annual midpoint is a calibration, not proof of cash collection.","label":"Operating cash flow","value":-25.199999999999996,"period":"2026Q3","formula":{"op":"subtract","refs":["upside_2026q3_cash_before_working","upside_2026q3_working_cash"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_underlying_capex","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Underlying PP&E and project purchases","value":140.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Classification sensitivity offsets CFO one-for-one.","label":"Cash PP&E purchases","value":140.0,"period":"2026Q3","formula":{"op":"sum","refs":["upside_2026q3_underlying_capex","upside_2026q3_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Not cash available to shareholders of a pre-commercial development company.","label":"CFO less PP&E","value":-165.2,"period":"2026Q3","formula":{"op":"subtract","refs":["upside_2026q3_cfo","upside_2026q3_capex"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_acquisition_cash","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Cash-settlement allowance, not an announced new acquisition.","label":"Acquisition holdback and contingent cash","value":2.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_strategic_investing","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Other strategic investing","value":5.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_nonppe_investing","case":"upside","kind":"derived","unit":"USD_millions","basis":"Excludes transfers into treasury securities.","label":"Acquisition and other business investment","value":7.0,"period":"2026Q3","formula":{"op":"sum","refs":["upside_2026q3_acquisition_cash","upside_2026q3_strategic_investing"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_cash_after_investing","case":"upside","kind":"derived","unit":"USD_millions","basis":"No assumed ATM receipts or second collection of H1 equity proceeds.","label":"Cash after business investing","value":-172.2,"period":"2026Q3","formula":{"op":"subtract","refs":["upside_2026q3_fcf","upside_2026q3_nonppe_investing"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_engineering_activity","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Engineering activity reference revenue","value":7.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_engineering_realization","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering realization","value":1.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_engineering","case":"upside","kind":"derived","unit":"USD_millions","basis":"Acquired operations contribute full quarters; this is not nuclear electricity revenue.","label":"Engineering and manufacturing revenue","value":7.0,"period":"2026Q4","formula":{"op":"multiply","refs":["upside_2026q4_engineering_activity","upside_2026q4_engineering_realization"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_isotope","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk scenario only; production, handling, acceptance and customer qualification remain conditions.","label":"Commercial isotope revenue","value":0.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_power","case":"upside","kind":"assumption","unit":"USD_millions","basis":"First-powerhouse target is 2028; no commercial power sales through this model horizon.","label":"Commercial electricity revenue","value":0.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_revenue","case":"upside","kind":"derived","unit":"USD_millions","basis":"Technical milestones and nonbinding demand agreements create no additional sales.","label":"Total revenue","value":7.0,"period":"2026Q4","formula":{"op":"sum","refs":["upside_2026q4_engineering","upside_2026q4_isotope","upside_2026q4_power"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_engineering_margin","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering gross margin","value":0.48,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_engineering_gross","case":"upside","kind":"derived","unit":"USD_millions","basis":"Independent project margin assumption.","label":"Engineering gross contribution","value":3.36,"period":"2026Q4","formula":{"op":"multiply","refs":["upside_2026q4_engineering","upside_2026q4_engineering_margin"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_isotope_margin","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Isotope early-ramp gross margin","value":-0.4,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_isotope_gross","case":"upside","kind":"derived","unit":"USD_millions","basis":"Initial isotope ramp can lose money.","label":"Isotope gross contribution","value":0.0,"period":"2026Q4","formula":{"op":"multiply","refs":["upside_2026q4_isotope","upside_2026q4_isotope_margin"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_gross_profit","case":"upside","kind":"derived","unit":"USD_millions","basis":"Power is zero in every case.","label":"Gross profit proxy","value":3.36,"period":"2026Q4","formula":{"op":"sum","refs":["upside_2026q4_engineering_gross","upside_2026q4_isotope_gross"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_capitalization_shift","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Sensitivity only: positive reclassifies paid development cost from operating to investing, leaving combined cash unchanged.","label":"Expense shifted into cash PP&E","value":0.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_gross_operating_cost","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Program and corporate expense before classification","value":72.2,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_operating_cost","case":"upside","kind":"derived","unit":"USD_millions","basis":"Excludes cost of revenues already in gross profit; includes SBC and D&A.","label":"Operating program and corporate expenses","value":72.2,"period":"2026Q4","formula":{"op":"subtract","refs":["upside_2026q4_gross_operating_cost","upside_2026q4_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_operating_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Independent of interest earned on equity-financed liquidity.","label":"Operating income proxy","value":-68.84,"period":"2026Q4","formula":{"op":"subtract","refs":["upside_2026q4_gross_profit","upside_2026q4_operating_cost"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_average_liquidity","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Average interest-earning liquidity","value":2670.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_cash_yield","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Annual cash yield","value":0.04,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_quarter_fraction","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Year fraction","value":0.25,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_interest_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Assumed average invested balance, not a complete cash balance forecast.","label":"Investment cash interest","value":26.7,"period":"2026Q4","formula":{"op":"multiply","refs":["upside_2026q4_average_liquidity","upside_2026q4_cash_yield","upside_2026q4_quarter_fraction"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_sbc","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"SBC addback","value":19.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_da","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Depreciation and amortization addback","value":3.5,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_cash_before_working","case":"upside","kind":"derived","unit":"USD_millions","basis":"SBC remains an ownership cost even when added back to CFO.","label":"Operating earnings plus noncash and interest","value":-19.640000000000004,"period":"2026Q4","formula":{"op":"sum","refs":["upside_2026q4_operating_income","upside_2026q4_sbc","upside_2026q4_da","upside_2026q4_interest_income"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_working_cash","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Tax working-capital and other operating cash use","value":8.4035,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Base annual midpoint is a calibration, not proof of cash collection.","label":"Operating cash flow","value":-28.0435,"period":"2026Q4","formula":{"op":"subtract","refs":["upside_2026q4_cash_before_working","upside_2026q4_working_cash"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_underlying_capex","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Underlying PP&E and project purchases","value":150.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Classification sensitivity offsets CFO one-for-one.","label":"Cash PP&E purchases","value":150.0,"period":"2026Q4","formula":{"op":"sum","refs":["upside_2026q4_underlying_capex","upside_2026q4_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Not cash available to shareholders of a pre-commercial development company.","label":"CFO less PP&E","value":-178.0435,"period":"2026Q4","formula":{"op":"subtract","refs":["upside_2026q4_cfo","upside_2026q4_capex"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_acquisition_cash","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Cash-settlement allowance, not an announced new acquisition.","label":"Acquisition holdback and contingent cash","value":1.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_strategic_investing","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Other strategic investing","value":5.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_nonppe_investing","case":"upside","kind":"derived","unit":"USD_millions","basis":"Excludes transfers into treasury securities.","label":"Acquisition and other business investment","value":6.0,"period":"2026Q4","formula":{"op":"sum","refs":["upside_2026q4_acquisition_cash","upside_2026q4_strategic_investing"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_cash_after_investing","case":"upside","kind":"derived","unit":"USD_millions","basis":"No assumed ATM receipts or second collection of H1 equity proceeds.","label":"Cash after business investing","value":-184.0435,"period":"2026Q4","formula":{"op":"subtract","refs":["upside_2026q4_fcf","upside_2026q4_nonppe_investing"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_engineering_activity","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Engineering activity reference revenue","value":8.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_engineering_realization","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering realization","value":1.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_engineering","case":"upside","kind":"derived","unit":"USD_millions","basis":"Acquired operations contribute full quarters; this is not nuclear electricity revenue.","label":"Engineering and manufacturing revenue","value":8.0,"period":"2027Q1","formula":{"op":"multiply","refs":["upside_2027q1_engineering_activity","upside_2027q1_engineering_realization"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_isotope","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk scenario only; production, handling, acceptance and customer qualification remain conditions.","label":"Commercial isotope revenue","value":2.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_power","case":"upside","kind":"assumption","unit":"USD_millions","basis":"First-powerhouse target is 2028; no commercial power sales through this model horizon.","label":"Commercial electricity revenue","value":0.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_revenue","case":"upside","kind":"derived","unit":"USD_millions","basis":"Technical milestones and nonbinding demand agreements create no additional sales.","label":"Total revenue","value":10.0,"period":"2027Q1","formula":{"op":"sum","refs":["upside_2027q1_engineering","upside_2027q1_isotope","upside_2027q1_power"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_engineering_margin","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering gross margin","value":0.48,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_engineering_gross","case":"upside","kind":"derived","unit":"USD_millions","basis":"Independent project margin assumption.","label":"Engineering gross contribution","value":3.84,"period":"2027Q1","formula":{"op":"multiply","refs":["upside_2027q1_engineering","upside_2027q1_engineering_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_isotope_margin","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Isotope early-ramp gross margin","value":-0.4,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_isotope_gross","case":"upside","kind":"derived","unit":"USD_millions","basis":"Initial isotope ramp can lose money.","label":"Isotope gross contribution","value":-0.8,"period":"2027Q1","formula":{"op":"multiply","refs":["upside_2027q1_isotope","upside_2027q1_isotope_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_gross_profit","case":"upside","kind":"derived","unit":"USD_millions","basis":"Power is zero in every case.","label":"Gross profit proxy","value":3.04,"period":"2027Q1","formula":{"op":"sum","refs":["upside_2027q1_engineering_gross","upside_2027q1_isotope_gross"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_capitalization_shift","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Sensitivity only: positive reclassifies paid development cost from operating to investing, leaving combined cash unchanged.","label":"Expense shifted into cash PP&E","value":0.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_gross_operating_cost","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Program and corporate expense before classification","value":77.89999999999999,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_operating_cost","case":"upside","kind":"derived","unit":"USD_millions","basis":"Excludes cost of revenues already in gross profit; includes SBC and D&A.","label":"Operating program and corporate expenses","value":77.89999999999999,"period":"2027Q1","formula":{"op":"subtract","refs":["upside_2027q1_gross_operating_cost","upside_2027q1_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_operating_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Independent of interest earned on equity-financed liquidity.","label":"Operating income proxy","value":-74.85999999999999,"period":"2027Q1","formula":{"op":"subtract","refs":["upside_2027q1_gross_profit","upside_2027q1_operating_cost"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_average_liquidity","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Average interest-earning liquidity","value":2540.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_cash_yield","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Annual cash yield","value":0.04,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_quarter_fraction","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Year fraction","value":0.25,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_interest_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Assumed average invested balance, not a complete cash balance forecast.","label":"Investment cash interest","value":25.400000000000002,"period":"2027Q1","formula":{"op":"multiply","refs":["upside_2027q1_average_liquidity","upside_2027q1_cash_yield","upside_2027q1_quarter_fraction"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_sbc","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"SBC addback","value":21.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_da","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Depreciation and amortization addback","value":5.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_cash_before_working","case":"upside","kind":"derived","unit":"USD_millions","basis":"SBC remains an ownership cost even when added back to CFO.","label":"Operating earnings plus noncash and interest","value":-23.459999999999983,"period":"2027Q1","formula":{"op":"sum","refs":["upside_2027q1_operating_income","upside_2027q1_sbc","upside_2027q1_da","upside_2027q1_interest_income"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_working_cash","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Tax working-capital and other operating cash use","value":12.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Base annual midpoint is a calibration, not proof of cash collection.","label":"Operating cash flow","value":-35.45999999999998,"period":"2027Q1","formula":{"op":"subtract","refs":["upside_2027q1_cash_before_working","upside_2027q1_working_cash"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_underlying_capex","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Underlying PP&E and project purchases","value":160.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Classification sensitivity offsets CFO one-for-one.","label":"Cash PP&E purchases","value":160.0,"period":"2027Q1","formula":{"op":"sum","refs":["upside_2027q1_underlying_capex","upside_2027q1_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Not cash available to shareholders of a pre-commercial development company.","label":"CFO less PP&E","value":-195.45999999999998,"period":"2027Q1","formula":{"op":"subtract","refs":["upside_2027q1_cfo","upside_2027q1_capex"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_acquisition_cash","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Cash-settlement allowance, not an announced new acquisition.","label":"Acquisition holdback and contingent cash","value":2.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_strategic_investing","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Other strategic investing","value":10.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_nonppe_investing","case":"upside","kind":"derived","unit":"USD_millions","basis":"Excludes transfers into treasury securities.","label":"Acquisition and other business investment","value":12.0,"period":"2027Q1","formula":{"op":"sum","refs":["upside_2027q1_acquisition_cash","upside_2027q1_strategic_investing"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_cash_after_investing","case":"upside","kind":"derived","unit":"USD_millions","basis":"No assumed ATM receipts or second collection of H1 equity proceeds.","label":"Cash after business investing","value":-207.45999999999998,"period":"2027Q1","formula":{"op":"subtract","refs":["upside_2027q1_fcf","upside_2027q1_nonppe_investing"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_engineering_activity","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Engineering activity reference revenue","value":10.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_engineering_realization","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering realization","value":1.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_engineering","case":"upside","kind":"derived","unit":"USD_millions","basis":"Acquired operations contribute full quarters; this is not nuclear electricity revenue.","label":"Engineering and manufacturing revenue","value":10.0,"period":"2027Q2","formula":{"op":"multiply","refs":["upside_2027q2_engineering_activity","upside_2027q2_engineering_realization"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_isotope","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk scenario only; production, handling, acceptance and customer qualification remain conditions.","label":"Commercial isotope revenue","value":4.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_power","case":"upside","kind":"assumption","unit":"USD_millions","basis":"First-powerhouse target is 2028; no commercial power sales through this model horizon.","label":"Commercial electricity revenue","value":0.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_revenue","case":"upside","kind":"derived","unit":"USD_millions","basis":"Technical milestones and nonbinding demand agreements create no additional sales.","label":"Total revenue","value":14.0,"period":"2027Q2","formula":{"op":"sum","refs":["upside_2027q2_engineering","upside_2027q2_isotope","upside_2027q2_power"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_engineering_margin","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering gross margin","value":0.48,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_engineering_gross","case":"upside","kind":"derived","unit":"USD_millions","basis":"Independent project margin assumption.","label":"Engineering gross contribution","value":4.8,"period":"2027Q2","formula":{"op":"multiply","refs":["upside_2027q2_engineering","upside_2027q2_engineering_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_isotope_margin","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Isotope early-ramp gross margin","value":-0.25,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_isotope_gross","case":"upside","kind":"derived","unit":"USD_millions","basis":"Initial isotope ramp can lose money.","label":"Isotope gross contribution","value":-1.0,"period":"2027Q2","formula":{"op":"multiply","refs":["upside_2027q2_isotope","upside_2027q2_isotope_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_gross_profit","case":"upside","kind":"derived","unit":"USD_millions","basis":"Power is zero in every case.","label":"Gross profit proxy","value":3.8,"period":"2027Q2","formula":{"op":"sum","refs":["upside_2027q2_engineering_gross","upside_2027q2_isotope_gross"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_capitalization_shift","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Sensitivity only: positive reclassifies paid development cost from operating to investing, leaving combined cash unchanged.","label":"Expense shifted into cash PP&E","value":0.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_gross_operating_cost","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Program and corporate expense before classification","value":83.6,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_operating_cost","case":"upside","kind":"derived","unit":"USD_millions","basis":"Excludes cost of revenues already in gross profit; includes SBC and D&A.","label":"Operating program and corporate expenses","value":83.6,"period":"2027Q2","formula":{"op":"subtract","refs":["upside_2027q2_gross_operating_cost","upside_2027q2_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_operating_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Independent of interest earned on equity-financed liquidity.","label":"Operating income proxy","value":-79.8,"period":"2027Q2","formula":{"op":"subtract","refs":["upside_2027q2_gross_profit","upside_2027q2_operating_cost"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_average_liquidity","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Average interest-earning liquidity","value":2410.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_cash_yield","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Annual cash yield","value":0.04,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_quarter_fraction","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Year fraction","value":0.25,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_interest_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Assumed average invested balance, not a complete cash balance forecast.","label":"Investment cash interest","value":24.1,"period":"2027Q2","formula":{"op":"multiply","refs":["upside_2027q2_average_liquidity","upside_2027q2_cash_yield","upside_2027q2_quarter_fraction"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_sbc","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"SBC addback","value":23.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_da","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Depreciation and amortization addback","value":6.5,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_cash_before_working","case":"upside","kind":"derived","unit":"USD_millions","basis":"SBC remains an ownership cost even when added back to CFO.","label":"Operating earnings plus noncash and interest","value":-26.199999999999996,"period":"2027Q2","formula":{"op":"sum","refs":["upside_2027q2_operating_income","upside_2027q2_sbc","upside_2027q2_da","upside_2027q2_interest_income"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_working_cash","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Tax working-capital and other operating cash use","value":15.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Base annual midpoint is a calibration, not proof of cash collection.","label":"Operating cash flow","value":-41.199999999999996,"period":"2027Q2","formula":{"op":"subtract","refs":["upside_2027q2_cash_before_working","upside_2027q2_working_cash"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_underlying_capex","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Underlying PP&E and project purchases","value":175.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Classification sensitivity offsets CFO one-for-one.","label":"Cash PP&E purchases","value":175.0,"period":"2027Q2","formula":{"op":"sum","refs":["upside_2027q2_underlying_capex","upside_2027q2_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Not cash available to shareholders of a pre-commercial development company.","label":"CFO less PP&E","value":-216.2,"period":"2027Q2","formula":{"op":"subtract","refs":["upside_2027q2_cfo","upside_2027q2_capex"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_acquisition_cash","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Cash-settlement allowance, not an announced new acquisition.","label":"Acquisition holdback and contingent cash","value":1.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_strategic_investing","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Other strategic investing","value":10.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_nonppe_investing","case":"upside","kind":"derived","unit":"USD_millions","basis":"Excludes transfers into treasury securities.","label":"Acquisition and other business investment","value":11.0,"period":"2027Q2","formula":{"op":"sum","refs":["upside_2027q2_acquisition_cash","upside_2027q2_strategic_investing"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_cash_after_investing","case":"upside","kind":"derived","unit":"USD_millions","basis":"No assumed ATM receipts or second collection of H1 equity proceeds.","label":"Cash after business investing","value":-227.2,"period":"2027Q2","formula":{"op":"subtract","refs":["upside_2027q2_fcf","upside_2027q2_nonppe_investing"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_engineering_activity","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Engineering activity reference revenue","value":12.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_engineering_realization","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering realization","value":1.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_engineering","case":"upside","kind":"derived","unit":"USD_millions","basis":"Acquired operations contribute full quarters; this is not nuclear electricity revenue.","label":"Engineering and manufacturing revenue","value":12.0,"period":"2027Q3","formula":{"op":"multiply","refs":["upside_2027q3_engineering_activity","upside_2027q3_engineering_realization"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_isotope","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk scenario only; production, handling, acceptance and customer qualification remain conditions.","label":"Commercial isotope revenue","value":7.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_power","case":"upside","kind":"assumption","unit":"USD_millions","basis":"First-powerhouse target is 2028; no commercial power sales through this model horizon.","label":"Commercial electricity revenue","value":0.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_revenue","case":"upside","kind":"derived","unit":"USD_millions","basis":"Technical milestones and nonbinding demand agreements create no additional sales.","label":"Total revenue","value":19.0,"period":"2027Q3","formula":{"op":"sum","refs":["upside_2027q3_engineering","upside_2027q3_isotope","upside_2027q3_power"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_engineering_margin","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering gross margin","value":0.48,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_engineering_gross","case":"upside","kind":"derived","unit":"USD_millions","basis":"Independent project margin assumption.","label":"Engineering gross contribution","value":5.76,"period":"2027Q3","formula":{"op":"multiply","refs":["upside_2027q3_engineering","upside_2027q3_engineering_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_isotope_margin","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Isotope early-ramp gross margin","value":-0.10000000000000003,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_isotope_gross","case":"upside","kind":"derived","unit":"USD_millions","basis":"Initial isotope ramp can lose money.","label":"Isotope gross contribution","value":-0.7000000000000002,"period":"2027Q3","formula":{"op":"multiply","refs":["upside_2027q3_isotope","upside_2027q3_isotope_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_gross_profit","case":"upside","kind":"derived","unit":"USD_millions","basis":"Power is zero in every case.","label":"Gross profit proxy","value":5.06,"period":"2027Q3","formula":{"op":"sum","refs":["upside_2027q3_engineering_gross","upside_2027q3_isotope_gross"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_capitalization_shift","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Sensitivity only: positive reclassifies paid development cost from operating to investing, leaving combined cash unchanged.","label":"Expense shifted into cash PP&E","value":0.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_gross_operating_cost","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Program and corporate expense before classification","value":89.3,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_operating_cost","case":"upside","kind":"derived","unit":"USD_millions","basis":"Excludes cost of revenues already in gross profit; includes SBC and D&A.","label":"Operating program and corporate expenses","value":89.3,"period":"2027Q3","formula":{"op":"subtract","refs":["upside_2027q3_gross_operating_cost","upside_2027q3_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_operating_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Independent of interest earned on equity-financed liquidity.","label":"Operating income proxy","value":-84.24,"period":"2027Q3","formula":{"op":"subtract","refs":["upside_2027q3_gross_profit","upside_2027q3_operating_cost"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_average_liquidity","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Average interest-earning liquidity","value":2280.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_cash_yield","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Annual cash yield","value":0.04,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_quarter_fraction","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Year fraction","value":0.25,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_interest_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Assumed average invested balance, not a complete cash balance forecast.","label":"Investment cash interest","value":22.8,"period":"2027Q3","formula":{"op":"multiply","refs":["upside_2027q3_average_liquidity","upside_2027q3_cash_yield","upside_2027q3_quarter_fraction"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_sbc","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"SBC addback","value":25.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_da","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Depreciation and amortization addback","value":8.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_cash_before_working","case":"upside","kind":"derived","unit":"USD_millions","basis":"SBC remains an ownership cost even when added back to CFO.","label":"Operating earnings plus noncash and interest","value":-28.439999999999994,"period":"2027Q3","formula":{"op":"sum","refs":["upside_2027q3_operating_income","upside_2027q3_sbc","upside_2027q3_da","upside_2027q3_interest_income"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_working_cash","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Tax working-capital and other operating cash use","value":18.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Base annual midpoint is a calibration, not proof of cash collection.","label":"Operating cash flow","value":-46.44,"period":"2027Q3","formula":{"op":"subtract","refs":["upside_2027q3_cash_before_working","upside_2027q3_working_cash"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_underlying_capex","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Underlying PP&E and project purchases","value":190.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Classification sensitivity offsets CFO one-for-one.","label":"Cash PP&E purchases","value":190.0,"period":"2027Q3","formula":{"op":"sum","refs":["upside_2027q3_underlying_capex","upside_2027q3_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Not cash available to shareholders of a pre-commercial development company.","label":"CFO less PP&E","value":-236.44,"period":"2027Q3","formula":{"op":"subtract","refs":["upside_2027q3_cfo","upside_2027q3_capex"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_acquisition_cash","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Cash-settlement allowance, not an announced new acquisition.","label":"Acquisition holdback and contingent cash","value":1.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_strategic_investing","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Other strategic investing","value":10.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_nonppe_investing","case":"upside","kind":"derived","unit":"USD_millions","basis":"Excludes transfers into treasury securities.","label":"Acquisition and other business investment","value":11.0,"period":"2027Q3","formula":{"op":"sum","refs":["upside_2027q3_acquisition_cash","upside_2027q3_strategic_investing"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_cash_after_investing","case":"upside","kind":"derived","unit":"USD_millions","basis":"No assumed ATM receipts or second collection of H1 equity proceeds.","label":"Cash after business investing","value":-247.44,"period":"2027Q3","formula":{"op":"subtract","refs":["upside_2027q3_fcf","upside_2027q3_nonppe_investing"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_engineering_activity","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Engineering activity reference revenue","value":14.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_engineering_realization","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering realization","value":1.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_engineering","case":"upside","kind":"derived","unit":"USD_millions","basis":"Acquired operations contribute full quarters; this is not nuclear electricity revenue.","label":"Engineering and manufacturing revenue","value":14.0,"period":"2027Q4","formula":{"op":"multiply","refs":["upside_2027q4_engineering_activity","upside_2027q4_engineering_realization"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_isotope","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk scenario only; production, handling, acceptance and customer qualification remain conditions.","label":"Commercial isotope revenue","value":10.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_power","case":"upside","kind":"assumption","unit":"USD_millions","basis":"First-powerhouse target is 2028; no commercial power sales through this model horizon.","label":"Commercial electricity revenue","value":0.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_revenue","case":"upside","kind":"derived","unit":"USD_millions","basis":"Technical milestones and nonbinding demand agreements create no additional sales.","label":"Total revenue","value":24.0,"period":"2027Q4","formula":{"op":"sum","refs":["upside_2027q4_engineering","upside_2027q4_isotope","upside_2027q4_power"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_engineering_margin","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Engineering gross margin","value":0.48,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_engineering_gross","case":"upside","kind":"derived","unit":"USD_millions","basis":"Independent project margin assumption.","label":"Engineering gross contribution","value":6.72,"period":"2027Q4","formula":{"op":"multiply","refs":["upside_2027q4_engineering","upside_2027q4_engineering_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_isotope_margin","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Isotope early-ramp gross margin","value":0.04999999999999993,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_isotope_gross","case":"upside","kind":"derived","unit":"USD_millions","basis":"Initial isotope ramp can lose money.","label":"Isotope gross contribution","value":0.49999999999999933,"period":"2027Q4","formula":{"op":"multiply","refs":["upside_2027q4_isotope","upside_2027q4_isotope_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_gross_profit","case":"upside","kind":"derived","unit":"USD_millions","basis":"Power is zero in every case.","label":"Gross profit proxy","value":7.219999999999999,"period":"2027Q4","formula":{"op":"sum","refs":["upside_2027q4_engineering_gross","upside_2027q4_isotope_gross"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_capitalization_shift","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Sensitivity only: positive reclassifies paid development cost from operating to investing, leaving combined cash unchanged.","label":"Expense shifted into cash PP&E","value":0.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_gross_operating_cost","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Program and corporate expense before classification","value":95.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_operating_cost","case":"upside","kind":"derived","unit":"USD_millions","basis":"Excludes cost of revenues already in gross profit; includes SBC and D&A.","label":"Operating program and corporate expenses","value":95.0,"period":"2027Q4","formula":{"op":"subtract","refs":["upside_2027q4_gross_operating_cost","upside_2027q4_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_operating_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Independent of interest earned on equity-financed liquidity.","label":"Operating income proxy","value":-87.78,"period":"2027Q4","formula":{"op":"subtract","refs":["upside_2027q4_gross_profit","upside_2027q4_operating_cost"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_average_liquidity","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Average interest-earning liquidity","value":2150.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_cash_yield","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Annual cash yield","value":0.04,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_quarter_fraction","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk assumption; not company guidance.","label":"Year fraction","value":0.25,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_interest_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Assumed average invested balance, not a complete cash balance forecast.","label":"Investment cash interest","value":21.5,"period":"2027Q4","formula":{"op":"multiply","refs":["upside_2027q4_average_liquidity","upside_2027q4_cash_yield","upside_2027q4_quarter_fraction"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_sbc","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"SBC addback","value":27.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_da","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Depreciation and amortization addback","value":9.5,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_cash_before_working","case":"upside","kind":"derived","unit":"USD_millions","basis":"SBC remains an ownership cost even when added back to CFO.","label":"Operating earnings plus noncash and interest","value":-29.78,"period":"2027Q4","formula":{"op":"sum","refs":["upside_2027q4_operating_income","upside_2027q4_sbc","upside_2027q4_da","upside_2027q4_interest_income"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_working_cash","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Tax working-capital and other operating cash use","value":22.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Base annual midpoint is a calibration, not proof of cash collection.","label":"Operating cash flow","value":-51.78,"period":"2027Q4","formula":{"op":"subtract","refs":["upside_2027q4_cash_before_working","upside_2027q4_working_cash"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_underlying_capex","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Underlying PP&E and project purchases","value":200.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Classification sensitivity offsets CFO one-for-one.","label":"Cash PP&E purchases","value":200.0,"period":"2027Q4","formula":{"op":"sum","refs":["upside_2027q4_underlying_capex","upside_2027q4_capitalization_shift"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Not cash available to shareholders of a pre-commercial development company.","label":"CFO less PP&E","value":-251.78,"period":"2027Q4","formula":{"op":"subtract","refs":["upside_2027q4_cfo","upside_2027q4_capex"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_acquisition_cash","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Cash-settlement allowance, not an announced new acquisition.","label":"Acquisition holdback and contingent cash","value":1.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_strategic_investing","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk assumption; not company guidance.","label":"Other strategic investing","value":10.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_nonppe_investing","case":"upside","kind":"derived","unit":"USD_millions","basis":"Excludes transfers into treasury securities.","label":"Acquisition and other business investment","value":11.0,"period":"2027Q4","formula":{"op":"sum","refs":["upside_2027q4_acquisition_cash","upside_2027q4_strategic_investing"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_cash_after_investing","case":"upside","kind":"derived","unit":"USD_millions","basis":"No assumed ATM receipts or second collection of H1 equity proceeds.","label":"Cash after business investing","value":-262.78,"period":"2027Q4","formula":{"op":"subtract","refs":["upside_2027q4_fcf","upside_2027q4_nonppe_investing"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_revenue","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Total revenue ($M)","value":13.21,"period":"FY2026","formula":{"op":"sum","refs":["h1_revenue","upside_2026q3_revenue","upside_2026q4_revenue"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_engineering","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Engineering and manufacturing revenue ($M)","value":13.21,"period":"FY2026","formula":{"op":"sum","refs":["h1_engineering","upside_2026q3_engineering","upside_2026q4_engineering"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_isotope","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Isotope revenue ($M)","value":0.0,"period":"FY2026","formula":{"op":"sum","refs":["h1_isotope","upside_2026q3_isotope","upside_2026q4_isotope"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_power","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Commercial power revenue ($M)","value":0.0,"period":"FY2026","formula":{"op":"sum","refs":["h1_power","upside_2026q3_power","upside_2026q4_power"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_gross_profit","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Gross profit proxy ($M)","value":6.249,"period":"FY2026","formula":{"op":"sum","refs":["h1_gross_profit","upside_2026q3_gross_profit","upside_2026q4_gross_profit"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_operating_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Operating income proxy ($M)","value":-257.106,"period":"FY2026","formula":{"op":"sum","refs":["h1_operating_income","upside_2026q3_operating_income","upside_2026q4_operating_income"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Operating cash flow ($M)","value":-118.70249999999999,"period":"FY2026","formula":{"op":"sum","refs":["h1_cfo","upside_2026q3_cfo","upside_2026q4_cfo"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Cash PP&E purchases ($M)","value":416.901,"period":"FY2026","formula":{"op":"sum","refs":["h1_capex","upside_2026q3_capex","upside_2026q4_capex"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"CFO less PP&E ($M)","value":-535.6034999999999,"period":"FY2026","formula":{"op":"sum","refs":["h1_fcf","upside_2026q3_fcf","upside_2026q4_fcf"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_acquisition_cash","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Net acquisition/holdback cash ($M)","value":28.736,"period":"FY2026","formula":{"op":"sum","refs":["h1_acquisition_cash","upside_2026q3_acquisition_cash","upside_2026q4_acquisition_cash"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_strategic_investing","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Other strategic investing ($M)","value":26.5,"period":"FY2026","formula":{"op":"sum","refs":["h1_strategic_investing","upside_2026q3_strategic_investing","upside_2026q4_strategic_investing"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_cash_after_investing","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Cash after business investing ($M)","value":-590.8395,"period":"FY2026","formula":{"op":"sum","refs":["h1_cash_after_investing","upside_2026q3_cash_after_investing","upside_2026q4_cash_after_investing"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_revenue","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Total revenue ($M)","value":67.0,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_revenue","upside_2027q2_revenue","upside_2027q3_revenue","upside_2027q4_revenue"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_engineering","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Engineering and manufacturing revenue ($M)","value":44.0,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_engineering","upside_2027q2_engineering","upside_2027q3_engineering","upside_2027q4_engineering"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_isotope","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Isotope revenue ($M)","value":23.0,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_isotope","upside_2027q2_isotope","upside_2027q3_isotope","upside_2027q4_isotope"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_power","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Commercial power revenue ($M)","value":0.0,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_power","upside_2027q2_power","upside_2027q3_power","upside_2027q4_power"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_gross_profit","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Gross profit proxy ($M)","value":19.119999999999997,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_gross_profit","upside_2027q2_gross_profit","upside_2027q3_gross_profit","upside_2027q4_gross_profit"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_operating_income","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Operating income proxy ($M)","value":-326.67999999999995,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_operating_income","upside_2027q2_operating_income","upside_2027q3_operating_income","upside_2027q4_operating_income"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Operating cash flow ($M)","value":-174.87999999999997,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_cfo","upside_2027q2_cfo","upside_2027q3_cfo","upside_2027q4_cfo"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Cash PP&E purchases ($M)","value":725.0,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_capex","upside_2027q2_capex","upside_2027q3_capex","upside_2027q4_capex"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"CFO less PP&E ($M)","value":-899.8799999999999,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_fcf","upside_2027q2_fcf","upside_2027q3_fcf","upside_2027q4_fcf"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_acquisition_cash","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Net acquisition/holdback cash ($M)","value":5.0,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_acquisition_cash","upside_2027q2_acquisition_cash","upside_2027q3_acquisition_cash","upside_2027q4_acquisition_cash"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_strategic_investing","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Other strategic investing ($M)","value":40.0,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_strategic_investing","upside_2027q2_strategic_investing","upside_2027q3_strategic_investing","upside_2027q4_strategic_investing"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_cash_after_investing","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.","label":"Cash after business investing ($M)","value":-944.8799999999999,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_cash_after_investing","upside_2027q2_cash_after_investing","upside_2027q3_cash_after_investing","upside_2027q4_cash_after_investing"]},"source_url":null,"source_date":null}],"title":"Engineering revenue, deployment cash and the commercial-power boundary","method":"Model acquired engineering/manufacturing activity separately from isotope sales and future commercial power. Power sales are zero through 2027, consistent with the first-powerhouse 2028 target. Calculate operating earnings from gross contribution and program/corporate costs, then bridge noncash costs, investment interest and working capital to CFO. Base FY2026 CFO and cash PP&E match updated guidance midpoints. Track PP&E, acquisitions and other strategic investing separately from treasury purchases.","metrics":{"cfo":"Operating cash flow ($M)","fcf":"CFO less PP&E ($M)","capex":"Cash PP&E purchases ($M)","power":"Commercial power revenue ($M)","isotope":"Isotope revenue ($M)","revenue":"Total revenue ($M)","engineering":"Engineering and manufacturing revenue ($M)","gross_profit":"Gross profit proxy ($M)","acquisition_cash":"Net acquisition/holdback cash ($M)","operating_income":"Operating income proxy ($M)","strategic_investing":"Other strategic investing ($M)","cash_after_investing":"Cash after business investing ($M)"},"outputs":[{"case":"downside","period":"2026Q3","values":{"cfo":-58.67999999999999,"fcf":-228.68,"capex":170.0,"power":0.0,"isotope":0.0,"revenue":3.0,"engineering":3.0,"gross_profit":0.75,"acquisition_cash":2.0,"operating_income":-84.64999999999999,"strategic_investing":5.0,"cash_after_investing":-235.68},"metrics":{"cfo":"downside_2026q3_cfo","fcf":"downside_2026q3_fcf","capex":"downside_2026q3_capex","power":"downside_2026q3_power","isotope":"downside_2026q3_isotope","revenue":"downside_2026q3_revenue","engineering":"downside_2026q3_engineering","gross_profit":"downside_2026q3_gross_profit","acquisition_cash":"downside_2026q3_acquisition_cash","operating_income":"downside_2026q3_operating_income","strategic_investing":"downside_2026q3_strategic_investing","cash_after_investing":"downside_2026q3_cash_after_investing"},"frequency":"quarter","period_end":"2026-09-30"},{"case":"downside","period":"2026Q4","values":{"cfo":-63.707049999999995,"fcf":-293.70705,"capex":230.0,"power":0.0,"isotope":0.0,"revenue":3.0,"engineering":3.0,"gross_profit":0.75,"acquisition_cash":1.0,"operating_income":-91.97,"strategic_investing":5.0,"cash_after_investing":-299.70705},"metrics":{"cfo":"downside_2026q4_cfo","fcf":"downside_2026q4_fcf","capex":"downside_2026q4_capex","power":"downside_2026q4_power","isotope":"downside_2026q4_isotope","revenue":"downside_2026q4_revenue","engineering":"downside_2026q4_engineering","gross_profit":"downside_2026q4_gross_profit","acquisition_cash":"downside_2026q4_acquisition_cash","operating_income":"downside_2026q4_operating_income","strategic_investing":"downside_2026q4_strategic_investing","cash_after_investing":"downside_2026q4_cash_after_investing"},"frequency":"quarter","period_end":"2026-12-31"},{"case":"downside","period":"2027Q1","values":{"cfo":-72.76499999999999,"fcf":-292.765,"capex":220.0,"power":0.0,"isotope":0.0,"revenue":4.0,"engineering":4.0,"gross_profit":1.0,"acquisition_cash":2.0,"operating_income":-99.03999999999999,"strategic_investing":10.0,"cash_after_investing":-304.765},"metrics":{"cfo":"downside_2027q1_cfo","fcf":"downside_2027q1_fcf","capex":"downside_2027q1_capex","power":"downside_2027q1_power","isotope":"downside_2027q1_isotope","revenue":"downside_2027q1_revenue","engineering":"downside_2027q1_engineering","gross_profit":"downside_2027q1_gross_profit","acquisition_cash":"downside_2027q1_acquisition_cash","operating_income":"downside_2027q1_operating_income","strategic_investing":"downside_2027q1_strategic_investing","cash_after_investing":"downside_2027q1_cash_after_investing"},"frequency":"quarter","period_end":"2027-03-31"},{"case":"downside","period":"2027Q2","values":{"cfo":-81.1725,"fcf":-321.1725,"capex":240.0,"power":0.0,"isotope":0.0,"revenue":4.5,"engineering":4.5,"gross_profit":1.125,"acquisition_cash":1.0,"operating_income":-106.235,"strategic_investing":10.0,"cash_after_investing":-332.1725},"metrics":{"cfo":"downside_2027q2_cfo","fcf":"downside_2027q2_fcf","capex":"downside_2027q2_capex","power":"downside_2027q2_power","isotope":"downside_2027q2_isotope","revenue":"downside_2027q2_revenue","engineering":"downside_2027q2_engineering","gross_profit":"downside_2027q2_gross_profit","acquisition_cash":"downside_2027q2_acquisition_cash","operating_income":"downside_2027q2_operating_income","strategic_investing":"downside_2027q2_strategic_investing","cash_after_investing":"downside_2027q2_cash_after_investing"},"frequency":"quarter","period_end":"2027-06-30"},{"case":"downside","period":"FY2026","values":{"cfo":-187.84605,"fcf":-714.74705,"capex":526.9010000000001,"power":0.0,"isotope":0.0,"revenue":7.21,"engineering":7.21,"gross_profit":1.9889999999999999,"acquisition_cash":28.736,"operating_income":-300.78599999999994,"strategic_investing":26.5,"cash_after_investing":-769.98305},"metrics":{"cfo":"downside_fy2026_cfo","fcf":"downside_fy2026_fcf","capex":"downside_fy2026_capex","power":"downside_fy2026_power","isotope":"downside_fy2026_isotope","revenue":"downside_fy2026_revenue","engineering":"downside_fy2026_engineering","gross_profit":"downside_fy2026_gross_profit","acquisition_cash":"downside_fy2026_acquisition_cash","operating_income":"downside_fy2026_operating_income","strategic_investing":"downside_fy2026_strategic_investing","cash_after_investing":"downside_fy2026_cash_after_investing"},"frequency":"year","period_end":"2026-12-31"},{"case":"downside","period":"FY2027","values":{"cfo":-342.80499999999995,"fcf":-1342.8049999999998,"capex":1000.0,"power":0.0,"isotope":0.0,"revenue":19.0,"engineering":19.0,"gross_profit":4.75,"acquisition_cash":5.0,"operating_income":-439.33,"strategic_investing":40.0,"cash_after_investing":-1387.8049999999998},"metrics":{"cfo":"downside_fy2027_cfo","fcf":"downside_fy2027_fcf","capex":"downside_fy2027_capex","power":"downside_fy2027_power","isotope":"downside_fy2027_isotope","revenue":"downside_fy2027_revenue","engineering":"downside_fy2027_engineering","gross_profit":"downside_fy2027_gross_profit","acquisition_cash":"downside_fy2027_acquisition_cash","operating_income":"downside_fy2027_operating_income","strategic_investing":"downside_fy2027_strategic_investing","cash_after_investing":"downside_fy2027_cash_after_investing"},"frequency":"year","period_end":"2027-12-31"},{"case":"base","period":"2026Q3","values":{"cfo":-33.0,"fcf":-183.0,"capex":150.0,"power":0.0,"isotope":0.0,"revenue":4.0,"engineering":4.0,"gross_profit":1.6,"acquisition_cash":2.0,"operating_income":-68.4,"strategic_investing":5.0,"cash_after_investing":-190.0},"metrics":{"cfo":"base_2026q3_cfo","fcf":"base_2026q3_fcf","capex":"base_2026q3_capex","power":"base_2026q3_power","isotope":"base_2026q3_isotope","revenue":"base_2026q3_revenue","engineering":"base_2026q3_engineering","gross_profit":"base_2026q3_gross_profit","acquisition_cash":"base_2026q3_acquisition_cash","operating_income":"base_2026q3_operating_income","strategic_investing":"base_2026q3_strategic_investing","cash_after_investing":"base_2026q3_cash_after_investing"},"frequency":"quarter","period_end":"2026-09-30"},{"case":"base","period":"2026Q4","values":{"cfo":-36.541,"fcf":-209.64,"capex":173.099,"power":0.0,"isotope":0.0,"revenue":5.0,"engineering":5.0,"gross_profit":2.0,"acquisition_cash":1.0,"operating_income":-74.0,"strategic_investing":5.0,"cash_after_investing":-215.64},"metrics":{"cfo":"base_2026q4_cfo","fcf":"base_2026q4_fcf","capex":"base_2026q4_capex","power":"base_2026q4_power","isotope":"base_2026q4_isotope","revenue":"base_2026q4_revenue","engineering":"base_2026q4_engineering","gross_profit":"base_2026q4_gross_profit","acquisition_cash":"base_2026q4_acquisition_cash","operating_income":"base_2026q4_operating_income","strategic_investing":"base_2026q4_strategic_investing","cash_after_investing":"base_2026q4_cash_after_investing"},"frequency":"quarter","period_end":"2026-12-31"},{"case":"base","period":"2027Q1","values":{"cfo":-43.775,"fcf":-213.775,"capex":170.0,"power":0.0,"isotope":1.0,"revenue":7.0,"engineering":6.0,"gross_profit":2.0000000000000004,"acquisition_cash":2.0,"operating_income":-80.0,"strategic_investing":10.0,"cash_after_investing":-225.775},"metrics":{"cfo":"base_2027q1_cfo","fcf":"base_2027q1_fcf","capex":"base_2027q1_capex","power":"base_2027q1_power","isotope":"base_2027q1_isotope","revenue":"base_2027q1_revenue","engineering":"base_2027q1_engineering","gross_profit":"base_2027q1_gross_profit","acquisition_cash":"base_2027q1_acquisition_cash","operating_income":"base_2027q1_operating_income","strategic_investing":"base_2027q1_strategic_investing","cash_after_investing":"base_2027q1_cash_after_investing"},"frequency":"quarter","period_end":"2027-03-31"},{"case":"base","period":"2027Q2","values":{"cfo":-50.1125,"fcf":-240.1125,"capex":190.0,"power":0.0,"isotope":2.0,"revenue":9.0,"engineering":7.0,"gross_profit":2.3000000000000003,"acquisition_cash":1.0,"operating_income":-85.7,"strategic_investing":10.0,"cash_after_investing":-251.1125},"metrics":{"cfo":"base_2027q2_cfo","fcf":"base_2027q2_fcf","capex":"base_2027q2_capex","power":"base_2027q2_power","isotope":"base_2027q2_isotope","revenue":"base_2027q2_revenue","engineering":"base_2027q2_engineering","gross_profit":"base_2027q2_gross_profit","acquisition_cash":"base_2027q2_acquisition_cash","operating_income":"base_2027q2_operating_income","strategic_investing":"base_2027q2_strategic_investing","cash_after_investing":"base_2027q2_cash_after_investing"},"frequency":"quarter","period_end":"2027-06-30"},{"case":"base","period":"FY2026","values":{"cfo":-135.0,"fcf":-585.0,"capex":450.0,"power":0.0,"isotope":0.0,"revenue":10.21,"engineering":10.21,"gross_profit":4.089,"acquisition_cash":28.736,"operating_income":-266.56600000000003,"strategic_investing":26.5,"cash_after_investing":-640.236},"metrics":{"cfo":"base_fy2026_cfo","fcf":"base_fy2026_fcf","capex":"base_fy2026_capex","power":"base_fy2026_power","isotope":"base_fy2026_isotope","revenue":"base_fy2026_revenue","engineering":"base_fy2026_engineering","gross_profit":"base_fy2026_gross_profit","acquisition_cash":"base_fy2026_acquisition_cash","operating_income":"base_fy2026_operating_income","strategic_investing":"base_fy2026_strategic_investing","cash_after_investing":"base_fy2026_cash_after_investing"},"frequency":"year","period_end":"2026-12-31"},{"case":"base","period":"FY2027","values":{"cfo":-212.92499999999995,"fcf":-1012.925,"capex":800.0,"power":0.0,"isotope":10.0,"revenue":40.0,"engineering":30.0,"gross_profit":11.0,"acquisition_cash":5.0,"operating_income":-352.99999999999994,"strategic_investing":40.0,"cash_after_investing":-1057.925},"metrics":{"cfo":"base_fy2027_cfo","fcf":"base_fy2027_fcf","capex":"base_fy2027_capex","power":"base_fy2027_power","isotope":"base_fy2027_isotope","revenue":"base_fy2027_revenue","engineering":"base_fy2027_engineering","gross_profit":"base_fy2027_gross_profit","acquisition_cash":"base_fy2027_acquisition_cash","operating_income":"base_fy2027_operating_income","strategic_investing":"base_fy2027_strategic_investing","cash_after_investing":"base_fy2027_cash_after_investing"},"frequency":"year","period_end":"2027-12-31"},{"case":"upside","period":"2026Q3","values":{"cfo":-25.199999999999996,"fcf":-165.2,"capex":140.0,"power":0.0,"isotope":0.0,"revenue":5.0,"engineering":5.0,"gross_profit":2.4,"acquisition_cash":2.0,"operating_income":-64.1,"strategic_investing":5.0,"cash_after_investing":-172.2},"metrics":{"cfo":"upside_2026q3_cfo","fcf":"upside_2026q3_fcf","capex":"upside_2026q3_capex","power":"upside_2026q3_power","isotope":"upside_2026q3_isotope","revenue":"upside_2026q3_revenue","engineering":"upside_2026q3_engineering","gross_profit":"upside_2026q3_gross_profit","acquisition_cash":"upside_2026q3_acquisition_cash","operating_income":"upside_2026q3_operating_income","strategic_investing":"upside_2026q3_strategic_investing","cash_after_investing":"upside_2026q3_cash_after_investing"},"frequency":"quarter","period_end":"2026-09-30"},{"case":"upside","period":"2026Q4","values":{"cfo":-28.0435,"fcf":-178.0435,"capex":150.0,"power":0.0,"isotope":0.0,"revenue":7.0,"engineering":7.0,"gross_profit":3.36,"acquisition_cash":1.0,"operating_income":-68.84,"strategic_investing":5.0,"cash_after_investing":-184.0435},"metrics":{"cfo":"upside_2026q4_cfo","fcf":"upside_2026q4_fcf","capex":"upside_2026q4_capex","power":"upside_2026q4_power","isotope":"upside_2026q4_isotope","revenue":"upside_2026q4_revenue","engineering":"upside_2026q4_engineering","gross_profit":"upside_2026q4_gross_profit","acquisition_cash":"upside_2026q4_acquisition_cash","operating_income":"upside_2026q4_operating_income","strategic_investing":"upside_2026q4_strategic_investing","cash_after_investing":"upside_2026q4_cash_after_investing"},"frequency":"quarter","period_end":"2026-12-31"},{"case":"upside","period":"2027Q1","values":{"cfo":-35.45999999999998,"fcf":-195.45999999999998,"capex":160.0,"power":0.0,"isotope":2.0,"revenue":10.0,"engineering":8.0,"gross_profit":3.04,"acquisition_cash":2.0,"operating_income":-74.85999999999999,"strategic_investing":10.0,"cash_after_investing":-207.45999999999998},"metrics":{"cfo":"upside_2027q1_cfo","fcf":"upside_2027q1_fcf","capex":"upside_2027q1_capex","power":"upside_2027q1_power","isotope":"upside_2027q1_isotope","revenue":"upside_2027q1_revenue","engineering":"upside_2027q1_engineering","gross_profit":"upside_2027q1_gross_profit","acquisition_cash":"upside_2027q1_acquisition_cash","operating_income":"upside_2027q1_operating_income","strategic_investing":"upside_2027q1_strategic_investing","cash_after_investing":"upside_2027q1_cash_after_investing"},"frequency":"quarter","period_end":"2027-03-31"},{"case":"upside","period":"2027Q2","values":{"cfo":-41.199999999999996,"fcf":-216.2,"capex":175.0,"power":0.0,"isotope":4.0,"revenue":14.0,"engineering":10.0,"gross_profit":3.8,"acquisition_cash":1.0,"operating_income":-79.8,"strategic_investing":10.0,"cash_after_investing":-227.2},"metrics":{"cfo":"upside_2027q2_cfo","fcf":"upside_2027q2_fcf","capex":"upside_2027q2_capex","power":"upside_2027q2_power","isotope":"upside_2027q2_isotope","revenue":"upside_2027q2_revenue","engineering":"upside_2027q2_engineering","gross_profit":"upside_2027q2_gross_profit","acquisition_cash":"upside_2027q2_acquisition_cash","operating_income":"upside_2027q2_operating_income","strategic_investing":"upside_2027q2_strategic_investing","cash_after_investing":"upside_2027q2_cash_after_investing"},"frequency":"quarter","period_end":"2027-06-30"},{"case":"upside","period":"FY2026","values":{"cfo":-118.70249999999999,"fcf":-535.6034999999999,"capex":416.901,"power":0.0,"isotope":0.0,"revenue":13.21,"engineering":13.21,"gross_profit":6.249,"acquisition_cash":28.736,"operating_income":-257.106,"strategic_investing":26.5,"cash_after_investing":-590.8395},"metrics":{"cfo":"upside_fy2026_cfo","fcf":"upside_fy2026_fcf","capex":"upside_fy2026_capex","power":"upside_fy2026_power","isotope":"upside_fy2026_isotope","revenue":"upside_fy2026_revenue","engineering":"upside_fy2026_engineering","gross_profit":"upside_fy2026_gross_profit","acquisition_cash":"upside_fy2026_acquisition_cash","operating_income":"upside_fy2026_operating_income","strategic_investing":"upside_fy2026_strategic_investing","cash_after_investing":"upside_fy2026_cash_after_investing"},"frequency":"year","period_end":"2026-12-31"},{"case":"upside","period":"FY2027","values":{"cfo":-174.87999999999997,"fcf":-899.8799999999999,"capex":725.0,"power":0.0,"isotope":23.0,"revenue":67.0,"engineering":44.0,"gross_profit":19.119999999999997,"acquisition_cash":5.0,"operating_income":-326.67999999999995,"strategic_investing":40.0,"cash_after_investing":-944.8799999999999},"metrics":{"cfo":"upside_fy2027_cfo","fcf":"upside_fy2027_fcf","capex":"upside_fy2027_capex","power":"upside_fy2027_power","isotope":"upside_fy2027_isotope","revenue":"upside_fy2027_revenue","engineering":"upside_fy2027_engineering","gross_profit":"upside_fy2027_gross_profit","acquisition_cash":"upside_fy2027_acquisition_cash","operating_income":"upside_fy2027_operating_income","strategic_investing":"upside_fy2027_strategic_investing","cash_after_investing":"upside_fy2027_cash_after_investing"},"frequency":"year","period_end":"2027-12-31"}],"highlights":["h1_revenue","h1_operating_income","h1_cfo","h1_capex","h1_fcf","h1_cash_after_investing","fy26_cfo_use","fy26_ppe","liquid_assets","restricted","h1_equity_proceeds","atm_capacity","refusal_liability","holdbacks","contingent_consideration"],"limitations":["Groves first criticality is a low-power test-reactor milestone, not an Aurora commercial electricity plant or recognized power revenue. DOE project authorization and future commercial deployment milestones are not interchangeable.","The $1.210M H1 revenue arose from engineering/manufacturing activities; it is not proof of nuclear power sales. Future engineering growth and isotope revenue are desk assumptions, with zero isotope revenue in the downside case.","Base FY2026 CFO of negative $135M and PP&E of $450M use the August updated midpoints. Quarter allocation and all 2027 spending are analyst scenarios, not guidance. Earlier $80-100M operating / $350-450M investing ranges are superseded.","A substantial portion of project and fuel spending may be capitalized while first-of-a-kind development remains expensed. Classification changes can alter operating loss without changing total cash use; the model tests this directly.","June cash $1.645B and marketable debt securities $1.362B are distinct from $16.9M restricted cash. Treasury security purchases and maturities exchange one financial asset for another and are excluded from business investment burn.","The September $1B ATM is authorized gross capacity, not proceeds already raised. H1 net equity proceeds $1.852B are already in June liquidity and are never added a second time.","CFO includes interest from the funded balance sheet. Interest yield, average invested liquidity and working-capital settlement can move cash independently of technical progress or engineering gross margin.","Acquisition holdbacks and contingent payments are separate cash sensitivities. No future acquisition revenue, customer prepayment, power offtake or government award is recognized solely from a nonbinding agreement.","No precise liquidity runway, financing waterfall, full debt/lease/award cash schedule or diluted ownership model. Cash after business investing is a cash-demand proxy before external financing and nonoperating capital allocation."],"reviewed_at":"2026-09-19","schema_version":"operating_model.v1"}}