Uranium Energy Financials
This page shows Uranium Energy (UEC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cash-rich but externally funded, the business is operating less like a steady seller and more like a capital-funded asset platform.
After a brief self-funding year, liquidity was built by financing, not operations: cash reached$454.7M even though operating cash flow was-$64.5M . That gap matters because funding capacity and business self-sufficiency are moving in opposite directions.
Balance-sheet posture is unusually conservative on debt: total liabilities were only about
The business shows volatile conversion from reported activity into cash: one year produced positive free cash flow, but the next two years swung back to burn despite a larger asset base. That pattern suggests asset accumulation and holding costs are currently more important to economics than steady sales volume, making headline revenue a weak guide to operating health.
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Uranium Energy's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Uranium Energy has an operating margin of -109.7%, meaning the company retains $-110 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -25179.5% the prior year.
Uranium Energy's revenue surged 29737.9% year-over-year to $66.8M, reflecting rapid business expansion. This strong growth earns a score of 0/100.
Uranium Energy carries a low D/E ratio of 0.09, meaning only $0.09 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 27.72, Uranium Energy holds $27.72 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Uranium Energy generated -$64.5M in operating cash flow, capex of $5.5M consumed most of it, leaving -$69.9M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Uranium Energy generates a -6.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 1/100. This is down from -3.5% the prior year.
Uranium Energy passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Uranium Energy generates $0.74 in operating cash flow (-$64.5M OCF vs -$87.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Uranium Energy earns $-50.7 in operating income for every $1 of interest expense (-$73.3M vs $1.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Uranium Energy generated $66.8M in revenue in fiscal year 2025. This represents an increase of 29737.9% from the prior year.
Uranium Energy's EBITDA was -$68.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 27.0% from the prior year.
Uranium Energy reported -$87.7M in net income in fiscal year 2025. This represents a decrease of 200.0% from the prior year.
Uranium Energy earned $-0.20 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 185.7% from the prior year.
Cash & Balance Sheet
Uranium Energy generated -$69.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 35.5% from the prior year.
Uranium Energy held $454.7M in cash against $0 in long-term debt as of fiscal year 2025.
Uranium Energy had 465M shares outstanding in fiscal year 2025. This represents an increase of 13.0% from the prior year.
Margins & Returns
Uranium Energy's gross margin was 36.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 20.1 percentage points from the prior year.
Uranium Energy's operating margin was -109.7% in fiscal year 2025, reflecting core business profitability. This is up 25069.8 percentage points from the prior year.
Uranium Energy's net profit margin was -131.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 12913.9 percentage points from the prior year.
Uranium Energy's ROE was -6.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.1 percentage points from the prior year.
Capital Allocation
Uranium Energy invested $5.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 175.7% from the prior year.
UEC Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $20.2M | $0 | N/A | $0-100.0% | $49.8M+191.2% | $17.1M | N/A | $0 |
| Cost of Revenue | $10.2M | $0 | N/A | $0-100.0% | $31.5M+190.9% | $10.8M | N/A | $0 |
| Gross Profit | $10.0M | $0 | N/A | $0-100.0% | $18.2M+191.6% | $6.3M | N/A | $0 |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $8.2M+10.5% | $7.4M | N/A | $6.4M-3.0% | $6.6M+23.0% | $5.3M | N/A | $4.2M |
| Operating Income | -$23.6M+21.0% | -$29.8M | N/A | -$23.5M-545.7% | -$3.6M+72.5% | -$13.2M | N/A | -$13.8M |
| Interest Expense | $500K-30.8% | $723K | N/A | $404K+39.8% | $289K-15.2% | $341K | N/A | $205K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$13.9M-34.8% | -$10.3M | N/A | -$30.2M-195.2% | -$10.2M+49.2% | -$20.2M | N/A | -$19.7M |
| EPS (Diluted) | $-0.03-50.0% | $-0.02 | N/A | $-0.07-250.0% | $-0.02+60.0% | $-0.05 | N/A | $-0.05 |
UEC Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.5B+7.3% | $1.4B+29.0% | $1.1B+9.9% | $1.0B+2.6% | $982.0M+7.0% | $917.8M+3.1% | $889.8M+1.3% | $878.3M |
| Current Assets | $597.7M+10.1% | $543.0M+132.0% | $234.0M+53.3% | $152.7M+7.9% | $141.4M-45.8% | $261.2M+11.0% | $235.2M+51.3% | $155.5M |
| Cash & Equivalents | $486.3M+7.0% | $454.7M+205.3% | $148.9M+108.6% | $71.4M+16.1% | $61.5M-67.7% | $190.6M+117.7% | $87.5M-0.2% | $87.7M |
| Inventory | $84.7M+3.7% | $81.7M+3.0% | $79.3M+3.8% | $76.4M+0.9% | $75.7M+14.6% | $66.1M-12.9% | $75.8M+19.6% | $63.4M |
| Accounts Receivable | $20.2M | N/A | $0 | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $119.7M+3.2% | $116.0M-6.2% | $123.8M+7.6% | $115.0M+9.8% | $104.7M+11.7% | $93.8M-16.1% | $111.7M+12.1% | $99.6M |
| Current Liabilities | $20.8M+6.2% | $19.6M-25.9% | $26.4M+75.1% | $15.1M+0.7% | $15.0M+18.0% | $12.7M-56.5% | $29.2M+104.2% | $14.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.4B+7.7% | $1.3B+33.4% | $983.9M+10.2% | $892.8M+1.8% | $877.2M+6.5% | $824.0M+5.9% | $778.1M-0.1% | $778.6M |
| Retained Earnings | -$430.8M-3.3% | -$416.9M-2.5% | -$406.6M-7.1% | -$379.5M-8.6% | -$349.3M-3.0% | -$339.1M-6.3% | -$318.9M-5.0% | -$303.8M |
UEC Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$38.1M-11.1% | -$34.3M-46.3% | -$23.5M-13.1% | -$20.7M-135.5% | -$8.8M+23.1% | -$11.5M+9.2% | -$12.6M-1.2% | -$12.5M |
| Capital Expenditures | $941K-16.6% | $1.1M+15.7% | $975K-53.0% | $2.1M+71.6% | $1.2M-0.7% | $1.2M+48.3% | $822K+259.0% | $229K |
| Free Cash Flow | -$39.1M-10.2% | -$35.4M-45.0% | -$24.4M-7.1% | -$22.8M-127.8% | -$10.0M+20.9% | -$12.7M+5.7% | -$13.4M-5.9% | -$12.7M |
| Investing Cash Flow | -$36.3M-3122.4% | -$1.1M+93.9% | -$18.5M-768.3% | -$2.1M+98.9% | -$189.0M-459.8% | $52.5M+3963.8% | -$1.4M+87.7% | -$11.1M |
| Financing Cash Flow | $106.1M-68.8% | $339.7M+184.4% | $119.5M+264.9% | $32.7M-53.7% | $70.6M+13.9% | $62.0M+349.9% | $13.8M-52.5% | $29.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
UEC Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 49.6% | N/A | N/A | N/A | 36.6%+0.1pp | 36.6% | N/A | N/A |
| Operating Margin | -116.7% | N/A | N/A | N/A | -7.3%+70.0pp | -77.3% | N/A | N/A |
| Net Margin | -69.0% | N/A | N/A | N/A | -20.6%+97.4pp | -118.0% | N/A | N/A |
| Return on Equity | -1.0%-0.2pp | -0.8% | N/A | -3.4%-2.2pp | -1.2%+1.3pp | -2.5% | N/A | -2.5% |
| Return on Assets | -0.9%-0.2pp | -0.7% | N/A | -3.0%-2.0pp | -1.0%+1.2pp | -2.2% | N/A | -2.2% |
| Current Ratio | 28.73+1.0 | 27.72+18.9 | 8.85-1.3 | 10.11+0.7 | 9.44-11.1 | 20.56+12.5 | 8.05-2.8 | 10.86 |
| Debt-to-Equity | 0.080.0 | 0.09-0.0 | 0.130.0 | 0.130.0 | 0.120.0 | 0.11-0.0 | 0.14+0.0 | 0.13 |
| FCF Margin | -193.4% | N/A | N/A | N/A | -20.1%+54.0pp | -74.2% | N/A | N/A |
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Frequently Asked Questions
What is Uranium Energy's annual revenue?
Uranium Energy (UEC) reported $66.8M in total revenue for fiscal year 2025. This represents a 29737.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Uranium Energy's revenue growing?
Uranium Energy (UEC) revenue grew by 29737.9% year-over-year, from $224K to $66.8M in fiscal year 2025.
Is Uranium Energy profitable?
No, Uranium Energy (UEC) reported a net income of -$87.7M in fiscal year 2025, with a net profit margin of -131.2%.
What is Uranium Energy's EBITDA?
Uranium Energy (UEC) had EBITDA of -$68.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Uranium Energy's gross margin?
Uranium Energy (UEC) had a gross margin of 36.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Uranium Energy's operating margin?
Uranium Energy (UEC) had an operating margin of -109.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Uranium Energy's net profit margin?
Uranium Energy (UEC) had a net profit margin of -131.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Uranium Energy's return on equity (ROE)?
Uranium Energy (UEC) has a return on equity of -6.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Uranium Energy's free cash flow?
Uranium Energy (UEC) generated -$69.9M in free cash flow during fiscal year 2025. This represents a 35.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Uranium Energy's operating cash flow?
Uranium Energy (UEC) generated -$64.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Uranium Energy's total assets?
Uranium Energy (UEC) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Uranium Energy's capital expenditures?
Uranium Energy (UEC) invested $5.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Uranium Energy's current ratio?
Uranium Energy (UEC) had a current ratio of 27.72 as of fiscal year 2025, which is generally considered healthy.
What is Uranium Energy's debt-to-equity ratio?
Uranium Energy (UEC) had a debt-to-equity ratio of 0.09 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Uranium Energy's return on assets (ROA)?
Uranium Energy (UEC) had a return on assets of -6.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Uranium Energy's cash runway?
Based on fiscal year 2025 data, Uranium Energy (UEC) had $454.7M in cash against an annual operating cash burn of $64.5M. This gives an estimated cash runway of approximately 85 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Uranium Energy's Piotroski F-Score?
Uranium Energy (UEC) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Uranium Energy's earnings high quality?
Uranium Energy (UEC) has an earnings quality ratio of 0.74x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Uranium Energy cover its interest payments?
Uranium Energy (UEC) has an interest coverage ratio of -50.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Uranium Energy?
Uranium Energy (UEC) scores 34 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.