Energy Fuels Financials
This page shows Energy Fuels (UUUU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).
FY2025 shows a debt-funded asset buildout: assets reached $1.41B while the existing sales base still cannot carry corporate costs.
From FY2024 to FY2025, financing cash inflow of$895.0M largely mirrored investing outflow of$778.1M . Because operating cash flow still ran at-$89.5M , the new asset base was added mainly through external capital, not through cash generated by selling product.
The core income engine looks subscale: revenue slipped to
The balance sheet shifted from conservative to materially leveraged in a single year, with long-term debt moving from none reported in FY2024 to
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Energy Fuels'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.
Energy Fuels scores 2.58, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($3.0B) relative to total liabilities ($729.3M). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Energy Fuels passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Energy Fuels generates $1039.12 in operating cash flow (-$89.5M OCF vs -$86K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Energy Fuels earns $-43.4 in operating income for every $1 of interest expense (-$101.2M vs $2.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Energy Fuels generated $65.9M in revenue in fiscal year 2025. This represents a decrease of 15.6% from the prior year.
Energy Fuels's EBITDA was -$95.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 115.7% from the prior year.
Energy Fuels reported -$86K in net income in fiscal year 2025. This represents a decrease of 80.0% from the prior year.
Energy Fuels earned $-0.38 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 35.7% from the prior year.
Cash & Balance Sheet
Energy Fuels generated -$108.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 64.4% from the prior year.
Energy Fuels held $64.7M in cash against $675.7M in long-term debt as of fiscal year 2025.
Energy Fuels had 240M shares outstanding in fiscal year 2025. This represents an increase of 21.0% from the prior year.
Margins & Returns
Energy Fuels's gross margin was 20.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 7.6 percentage points from the prior year.
Energy Fuels's operating margin was -153.4% in fiscal year 2025, reflecting core business profitability. This is down 92.6 percentage points from the prior year.
Energy Fuels's net profit margin was -0.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.1 percentage points from the prior year.
Energy Fuels's ROE was -0.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.0 percentage points from the prior year.
Capital Allocation
Energy Fuels invested $19.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 13.1% from the prior year.
UUUU Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $35.8M+32.2% | $27.1M+53.0% | $17.7M+320.5% | $4.2M-75.1% | $16.9M-57.7% | $39.9M+886.5% | $4.0M-53.6% | $8.7M |
| Cost of Revenue | $21.5M+22.0% | $17.6M+37.7% | $12.8M+249.8% | $3.7M-79.8% | $18.1M-53.9% | $39.3M+2029.8% | $1.8M-49.8% | $3.7M |
| Gross Profit | $14.4M+51.3% | $9.5M+92.8% | $4.9M+784.4% | $557K+145.4% | -$1.2M-309.9% | $584K-73.5% | $2.2M-56.3% | $5.0M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $16.5M-12.6% | $18.9M+20.7% | $15.7M+5.7% | $14.8M-3.3% | $15.3M+5.7% | $14.5M+105.7% | $7.1M-0.3% | $7.1M |
| Operating Income | -$16.9M+23.5% | -$22.1M+17.0% | -$26.7M-1.9% | -$26.2M+0.1% | -$26.2M+8.3% | -$28.6M-139.9% | -$11.9M-31.7% | -$9.0M |
| Interest Expense | $2.3M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $48K-15.8% | $57K-32.1% | $84K+223.1% | $26K+102.3% | -$1.1M-208.1% | -$372K | $0 | $0 |
| Net Income | -$10.8M-116.7% | $64.8M+486.9% | -$16.7M+23.3% | -$21.8M+17.1% | -$26.3M-277.8% | $14.8M+222.6% | -$12.1M-87.9% | -$6.4M |
| EPS (Diluted) | $-0.04 | N/A | $-0.07+30.0% | $-0.10+23.1% | $-0.13 | N/A | $-0.07-75.0% | $-0.04 |
UUUU Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.5B+3.3% | $1.4B+86.2% | $758.3M+7.9% | $702.5M+7.9% | $650.8M+6.3% | $612.0M+52.8% | $400.4M-0.7% | $403.4M |
| Current Assets | $992.7M+3.6% | $958.7M+193.3% | $326.9M+13.2% | $288.9M+12.5% | $256.9M+11.6% | $230.2M+18.7% | $193.9M-6.9% | $208.3M |
| Cash & Equivalents | $108.4M+67.5% | $64.7M-31.1% | $94.0M+31.4% | $71.5M-2.1% | $73.0M+89.1% | $38.6M-18.7% | $47.5M+93.0% | $24.6M |
| Inventory | $69.0M-6.1% | $73.5M-1.2% | $74.4M-2.8% | $76.5M+13.0% | $67.7M+1.8% | $66.5M+85.2% | $35.9M+18.1% | $30.4M |
| Accounts Receivable | N/A | $16.0M | N/A | N/A | N/A | $29.0M | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $731.3M+0.3% | $729.3M+1336.9% | $50.8M-12.0% | $57.7M-11.7% | $65.4M-18.6% | $80.3M+238.5% | $23.7M+14.8% | $20.7M |
| Current Liabilities | $36.1M+15.6% | $31.2M+9.8% | $28.4M-20.3% | $35.7M-15.6% | $42.3M-28.7% | $59.3M+450.6% | $10.8M+46.2% | $7.4M |
| Long-Term Debt | $676.7M+0.1% | $675.7M | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $723.3M+6.6% | $678.4M-3.5% | $703.2M+9.9% | $640.2M+10.2% | $580.8M+10.0% | $527.8M+41.6% | $372.7M-1.6% | $378.8M |
| Retained Earnings | -$500.5M-2.2% | -$489.7M-4.4% | -$468.9M-3.7% | -$452.1M-5.1% | -$430.3M-6.5% | -$404.0M-8.9% | -$371.1M-3.4% | -$359.0M |
UUUU Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.3M+151.3% | -$16.2M+43.1% | -$28.5M-9.8% | -$25.9M-37.8% | -$18.8M+47.7% | -$36.0M-403.0% | -$7.2M+26.1% | -$9.7M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$15.1M+97.8% | -$679.5M-2811.6% | -$23.3M+55.0% | -$51.8M-121.9% | -$23.4M-140.7% | -$9.7M-130.9% | $31.4M+255.8% | -$20.1M |
| Financing Cash Flow | $49.7M-92.6% | $667.0M+780.1% | $75.8M+2.0% | $74.3M-4.6% | $77.8M+547.1% | $12.0M+400866.7% | $3K-94.3% | $53K |
| 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 |
UUUU Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.1%+5.0pp | 35.0%+7.2pp | 27.8%+14.6pp | 13.2%+20.5pp | -7.3%-8.7pp | 1.5%-52.9pp | 54.4%-3.4pp | 57.8% |
| Operating Margin | -47.2%+34.4pp | -81.6%+69.0pp | -150.6%+470.9pp | -621.4%-466.4pp | -155.0%-83.4pp | -71.6%+222.8pp | -294.4%-190.6pp | -103.7% |
| Net Margin | -30.3%-269.2pp | 238.9%+333.4pp | -94.5%+423.3pp | -517.8%-362.2pp | -155.6%-192.7pp | 37.0%+335.0pp | -298.0%-224.4pp | -73.6% |
| Return on Equity | -1.5%-11.1pp | 9.6%+11.9pp | -2.4%+1.0pp | -3.4%+1.1pp | -4.5%-7.3pp | 2.8%+6.0pp | -3.2%-1.6pp | -1.7% |
| Return on Assets | -0.7%-5.3pp | 4.6%+6.8pp | -2.2%+0.9pp | -3.1%+0.9pp | -4.0%-6.5pp | 2.4%+5.4pp | -3.0%-1.4pp | -1.6% |
| Current Ratio | 27.51-3.2 | 30.69+19.2 | 11.50+3.4 | 8.10+2.0 | 6.08+2.2 | 3.88-14.1 | 18.01-10.3 | 28.28 |
| Debt-to-Equity | 0.94-0.1 | 1.00+0.9 | 0.07-0.0 | 0.09-0.0 | 0.11-0.0 | 0.15+0.1 | 0.060.0 | 0.05 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Energy Fuels's annual revenue?
Energy Fuels (UUUU) reported $65.9M in total revenue for fiscal year 2025. This represents a -15.6% 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 Energy Fuels's revenue growing?
Energy Fuels (UUUU) revenue declined by 15.6% year-over-year, from $78.1M to $65.9M in fiscal year 2025.
Is Energy Fuels profitable?
No, Energy Fuels (UUUU) reported a net income of -$86K in fiscal year 2025, with a net profit margin of -0.1%.
What is Energy Fuels's EBITDA?
Energy Fuels (UUUU) had EBITDA of -$95.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Energy Fuels have?
As of fiscal year 2025, Energy Fuels (UUUU) had $64.7M in cash and equivalents against $675.7M in long-term debt.
What is Energy Fuels's gross margin?
Energy Fuels (UUUU) had a gross margin of 20.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Energy Fuels's operating margin?
Energy Fuels (UUUU) had an operating margin of -153.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Energy Fuels's net profit margin?
Energy Fuels (UUUU) had a net profit margin of -0.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Energy Fuels's return on equity (ROE)?
Energy Fuels (UUUU) has a return on equity of -0.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Energy Fuels's free cash flow?
Energy Fuels (UUUU) generated -$108.7M in free cash flow during fiscal year 2025. This represents a -64.4% 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 Energy Fuels's operating cash flow?
Energy Fuels (UUUU) generated -$89.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Energy Fuels's total assets?
Energy Fuels (UUUU) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Energy Fuels's capital expenditures?
Energy Fuels (UUUU) invested $19.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Energy Fuels's current ratio?
Energy Fuels (UUUU) had a current ratio of 30.69 as of fiscal year 2025, which is generally considered healthy.
What is Energy Fuels's debt-to-equity ratio?
Energy Fuels (UUUU) had a debt-to-equity ratio of 1.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Energy Fuels's return on assets (ROA)?
Energy Fuels (UUUU) had a return on assets of -0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Energy Fuels's cash runway?
Based on fiscal year 2025 data, Energy Fuels (UUUU) had $64.7M in cash against an annual operating cash burn of $89.5M. This gives an estimated cash runway of approximately 9 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 Energy Fuels's Altman Z-Score?
Energy Fuels (UUUU) has an Altman Z-Score of 2.58, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Energy Fuels's Piotroski F-Score?
Energy Fuels (UUUU) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Energy Fuels's earnings high quality?
Energy Fuels (UUUU) has an earnings quality ratio of 1039.12x, 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 Energy Fuels cover its interest payments?
Energy Fuels (UUUU) has an interest coverage ratio of -43.4x, 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 Energy Fuels?
Energy Fuels (UUUU) scores 29 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.