X-Energy, Inc.

NasdaqGS:XE Stock Report

Market Cap: US$7.6b

X-Energy Management

Management criteria checks 3/4

X-Energy's CEO is J. Sell, appointed in Jan 2019, has a tenure of 7.42 years. total yearly compensation is $10.50M, comprised of 5.8% salary and 94.2% bonuses, including company stock and options. directly owns 1.3% of the company’s shares, worth $98.47M. The average tenure of the management team and the board of directors is 2.6 years and 3.4 years respectively.

Key information

J. Sell

Chief executive officer

US$10.5m

Total compensation

CEO salary percentage5.83%
CEO tenure7.4yrs
CEO ownership1.3%
Management average tenure2.6yrs
Board average tenure3.4yrs

Recent management updates

No updates

Recent updates

Seeking Alpha Jun 09

X-Energy: Lockup Overhang Keeps Us At Hold

Summary X-Energy is rated Hold at fair value, with $2B liquidity, an 11.5 GW backlog, and a differentiated TRISO-X fuel franchise. Q1 results show strong execution, but revenue growth is tied to DOE grants, not yet diversified commercial streams; opex growth is expected in the pre-commercial phase. TRISO-X’s NRC Category II license and first-mover status in HALEU fuel manufacturing underpin XE’s long-term optionality, even if competitors win reactor deployments. September 1, 2026 lockup expiry is the near-term technical risk, likely triggering a 4-8 week drawdown; a $16–$18 entry would improve risk/reward. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has J. Sell's remuneration changed compared to X-Energy's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-US$546m

Dec 31 2025US$10mUS$612k

-US$390m

Compensation vs Market: J.'s total compensation ($USD10.50M) is about average for companies of similar size in the US market ($USD8.38M).

Compensation vs Earnings: Insufficient data to compare J.'s compensation with company performance.


CEO

J. Sell (58 yo)

7.4yrs
Tenure
US$10,497,682
Compensation

Mr. J. Clay Sell is Chief Executive Officer and Director of X-Energy Inc. from July 2021 and January 2019 respectively. Mr. Sell is the Chief Executive Officer and Executive Director of X-Energy Management...


Leadership Team

NamePositionTenureCompensationOwnership
Kamal Ghaffarian
Founder & Executive Chairmanno dataUS$400.00k4.28%
$ 323.6m
J. Sell
CEO & Director7.4yrsUS$10.50m1.3%
$ 98.5m
Daniel Gross
Executive VP & CFOless than a yearUS$6.56m0.27%
$ 20.5m
Dragan Popovic
Executive VP & Chief of Global Operationsless than a yearUS$4.91m0.19%
$ 14.3m
Laura Garcia
Senior VP & Chief Accounting Officer2.6yrsno data0.068%
$ 5.1m
Martin van Staden
Senior VP & Chief Technology Officerno datano datano data
Eben Mulder
Senior VP & Chief Scientistno datano datano data
Matt Welsh
VP & Chief Information Officerno datano datano data
Steven Miller
Executive VP and Chief Legal & Administration Officerno datano data0.33%
$ 24.9m
Patricia Gil
Director of Investor Relationsno datano datano data
David Royer
Co-General Counsel & Chief Compliance Officerno datano datano data
Robert McEntyre
Vice President of Corporate Communicationsno datano datano data
2.6yrs
Average Tenure
56.5yo
Average Age

Experienced Management: XE's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kamal Ghaffarian
Founder & Executive Chairmanno dataUS$400.00k4.28%
$ 323.6m
J. Sell
CEO & Director4.9yrsUS$10.50m1.3%
$ 98.5m
David Kaplan
Independent Director2.5yrsno datano data
Kathleen Hyle
Independent Director3.4yrsUS$484.44k0.041%
$ 3.1m
Edward Sonnenschein
Director4.5yrsno data0.28%
$ 21.4m
Michael Wallace
Independent Director4.5yrsUS$322.09k0.024%
$ 1.8m
Gregory Goff
Independent Director2.9yrsUS$560.69k0.041%
$ 3.1m
Christopher Ginther
Independent Director3.4yrsUS$545.90k0.041%
$ 3.1m
Allyson Satin
Independent Directorless than a yearno datano data
3.4yrs
Average Tenure
67yo
Average Age

Experienced Board: XE's board of directors are considered experienced (3.4 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/14 04:17
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

X-Energy, Inc. is covered by 8 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Derek SoderbergCantor Fitzgerald & Co.
Joseph OshaGuggenheim Securities, LLC
Julien Dumoulin-SmithJefferies LLC