What is Western Uranium's earnings per share (EPS)?

Western Uranium (WSTRF) reported diluted earnings per share of $-0.11 for fiscal year 2025. This represents a 38.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Western Uranium Financials

WSTRF

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Western Uranium (WSTRF) 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).

Rhea AI WSTRF FY2025 2026-05-14

Equity funding rather than sales is carrying operations, while a low-liability balance sheet keeps solvency pressure muted.

In FY2025, $7.1M of financing inflow more than covered the $5.8M operating cash outflow, so the business was sustained by outside capital rather than by customer receipts. Across FY2023-FY2025, shares outstanding rose from 44.3M to 71.9M, which points to equity issuance as the main bridge for a cash-consuming operating model.

Cash of $5.6M roughly matched the FY2025 operating cash outflow of $5.8M, so on-hand liquidity alone did not create much self-funded runway. What prevents that from becoming a debt problem is the light liability load, with total liabilities at just $4.1M.

Revenue stayed under $500K while total assets sat near $34M in the last two years, so the company is carrying a sizable asset base that has not yet translated into operating scale. That asset productivity gap explains why a narrower latest-year loss still does not signal a self-supporting business.

Financial Health Signals

Financial health score pending refresh

We are recalculating Western Uranium's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Grey Zone

2.02

Western Uranium scores 2.02, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($27.5M) relative to total liabilities ($4.1M). 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.

Piotroski F-Score Partial

4/7

Western Uranium passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.80x

For every $1 of reported earnings, Western Uranium generates $0.80 in operating cash flow (-$5.8M OCF vs -$7.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$425K

YoY+131.5%

5Y CAGR+50.8%

Western Uranium generated $425K in revenue in fiscal year 2025. This represents an increase of 131.5% from the prior year.

EBITDA

-$6.5M

YoY+33.5%

Western Uranium's EBITDA was -$6.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 33.5% from the prior year.

Net Income

-$7.2M

YoY+29.0%

Western Uranium reported -$7.2M in net income in fiscal year 2025. This represents an increase of 29.0% from the prior year.

EPS (Diluted)

$-0.11

YoY+38.9%

Western Uranium earned $-0.11 per diluted share (EPS) in fiscal year 2025. This represents an increase of 38.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$5.6M

YoY+2.5%

5Y CAGR+58.3%

10Y CAGR+38.6%

Western Uranium held $5.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

72M

YoY+21.0%

5Y CAGR+19.0%

10Y CAGR+16.0%

Western Uranium had 72M shares outstanding in fiscal year 2025. This represents an increase of 21.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-1712.5%

YoY+3910.2pp

5Y CAGR+1608.0pp

Western Uranium's operating margin was -1712.5% in fiscal year 2025, reflecting core business profitability. This is up 3910.2 percentage points from the prior year.

Net Margin

-1686.7%

YoY+3814.9pp

5Y CAGR+2694.3pp

Western Uranium's net profit margin was -1686.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3814.9 percentage points from the prior year.

Return on Equity

-23.7%

YoY+10.2pp

5Y CAGR-10.9pp

10Y CAGR-13.6pp

Western Uranium's ROE was -23.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 10.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

WSTRF Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$425K+131.5%	$184K-57.4%	$431K-94.5%	$7.9M+2787.8%	$272K+398.2%	$55K
Cost of Revenue	N/A	N/A	N/A	$4.0M0.0%	$4.0M	N/A
Gross Profit	N/A	N/A	$431K-88.7%	$3.8M+201.1%	-$3.8M	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$2.3M-36.6%	$3.6M+91.0%	$1.9M-41.9%	$3.2M+176.8%	$1.2M+3.2%	$1.1M
Operating Income	-$7.3M+29.5%	-$10.3M-102.8%	-$5.1M-554.0%	-$779K+61.3%	-$2.0M-11.0%	-$1.8M
Interest Expense	N/A	N/A	N/A	N/A	N/A	$13K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$7.2M+29.0%	-$10.1M-104.6%	-$4.9M-592.5%	-$714K+65.6%	-$2.1M+13.3%	-$2.4M
EPS (Diluted)	$-0.11+38.9%	$-0.18-63.6%	$-0.11-450.0%	$-0.02+66.7%	$-0.06	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$27K+8.0%	$25K-92.3%	$328K+976.4%	$31K-26.0%	$41K+12.1%	$37K-30.6%	$53K+33.2%	$40K
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$673K+38.4%	$487K-6.3%	$519K-4.8%	$545K-25.5%	$732K-26.4%	$995K+22.3%	$813K-1.4%	$825K
Operating Income	-$1.6M-11.2%	-$1.5M-25.2%	-$1.2M+40.8%	-$2.0M+25.9%	-$2.7M+4.5%	-$2.8M-21.4%	-$2.3M+15.1%	-$2.7M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$1.6M-10.6%	-$1.4M-28.9%	-$1.1M+43.0%	-$2.0M+25.4%	-$2.6M+4.7%	-$2.8M-23.5%	-$2.2M+14.6%	-$2.6M
EPS (Diluted)	$-0.02	N/A	$-0.02+33.3%	$-0.03+25.0%	$-0.04	N/A	$-0.04+20.0%	$-0.05

WSTRF Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$34.4M+1.6%	$33.9M-2.8%	$34.9M+5.1%	$33.2M+21.2%	$27.4M+19.9%	$22.8M
Current Assets	$6.1M+2.7%	$6.0M-38.9%	$9.8M-4.2%	$10.2M+87.5%	$5.5M+590.6%	$791K
Cash & Equivalents	$5.6M+2.5%	$5.5M-40.5%	$9.2M-4.8%	$9.7M+999.2%	$881K+55.8%	$565K
Inventory	N/A	N/A	N/A	N/A	$4.1M	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$4.1M+1.1%	$4.1M-0.7%	$4.1M+4.6%	$3.9M-8.2%	$4.3M+5.5%	$4.1M
Current Liabilities	$762K+2.1%	$747K-10.7%	$836K+24.7%	$671K-30.8%	$969K+54.2%	$628K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$30.3M+1.6%	$29.8M-3.1%	$30.8M+5.2%	$29.3M+26.7%	$23.1M+23.0%	$18.8M
Retained Earnings	-$36.1M-24.8%	-$28.9M-53.7%	-$18.8M-35.6%	-$13.9M-5.4%	-$13.2M-18.7%	-$11.1M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$33.1M-3.8%	$34.4M+7.6%	$32.0M-3.4%	$33.1M+5.2%	$31.5M-7.1%	$33.9M+3.1%	$32.9M-5.9%	$35.0M
Current Assets	$5.0M-17.9%	$6.1M+58.7%	$3.9M-19.9%	$4.8M+49.1%	$3.2M-45.8%	$6.0M-14.6%	$7.0M-23.0%	$9.1M
Cash & Equivalents	$4.6M-19.0%	$5.6M+76.1%	$3.2M-28.2%	$4.4M+60.3%	$2.8M-49.4%	$5.5M-17.5%	$6.6M-24.6%	$8.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	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	$4.2M+1.5%	$4.1M+0.8%	$4.1M-2.2%	$4.2M+3.9%	$4.0M-1.2%	$4.1M-1.4%	$4.2M+0.5%	$4.1M
Current Liabilities	$809K+6.1%	$762K+3.5%	$737K-10.6%	$824K+19.9%	$688K-8.0%	$747K-10.9%	$838K-0.8%	$846K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$28.9M-4.6%	$30.3M+8.6%	$27.9M-3.6%	$28.9M+5.4%	$27.4M-8.0%	$29.8M+3.7%	$28.8M-6.7%	$30.8M
Retained Earnings	-$37.7M-4.4%	-$36.1M-4.2%	-$34.7M-3.3%	-$33.5M-6.2%	-$31.6M-9.1%	-$28.9M-10.6%	-$26.2M-9.4%	-$23.9M

WSTRF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$5.8M+30.4%	-$8.3M-102.9%	-$4.1M-189.9%	$4.6M+173.9%	-$6.2M-306.6%	-$1.5M
Capital Expenditures	N/A	N/A	N/A	$1.0M+1508.7%	$65K	N/A
Free Cash Flow	N/A	N/A	N/A	$3.5M+156.3%	-$6.2M	N/A
Investing Cash Flow	-$765K+77.4%	-$3.4M-41.1%	-$2.4M-129.9%	-$1.0M-1508.7%	-$65K	N/A
Financing Cash Flow	$7.1M-12.4%	$8.2M+39.5%	$5.8M+3.8%	$5.6M-10.7%	$6.3M+8528.9%	$73K
Dividends Paid	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

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$1.0M-5.1%	-$993K+18.5%	-$1.2M+11.6%	-$1.4M+37.0%	-$2.2M+13.7%	-$2.5M-28.2%	-$2.0M+2.6%	-$2.0M
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	-$1K+99.7%	-$390K-32588.9%	$1K+100.6%	-$210K-26.1%	-$167K+92.5%	-$2.2M-1386.0%	-$149K+76.2%	-$627K
Financing Cash Flow	N/A	$3.8M	$0	N/A	N/A	$3.5M	$0	$0
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

WSTRF Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	100.0%+51.5pp	48.5%+1434.6pp	-1386.0%	N/A
Operating Margin	-1712.5%+3910.2pp	-5622.8%-4440.6pp	-1182.2%-1172.3pp	-9.9%+729.8pp	-739.7%+2580.8pp	-3320.5%
Net Margin	-1686.7%+3814.9pp	-5501.6%-4355.0pp	-1146.6%-1137.5pp	-9.1%+753.0pp	-762.1%+3618.9pp	-4381.0%
Return on Equity	-23.7%+10.2pp	-33.9%-17.9pp	-16.1%-13.6pp	-2.4%+6.5pp	-9.0%+3.8pp	-12.8%
Return on Assets	-20.8%+9.0pp	-29.8%-15.6pp	-14.2%-12.0pp	-2.1%+5.4pp	-7.6%+2.9pp	-10.5%
Current Ratio	8.06+0.0	8.01-3.7	11.73-3.5	15.27+9.6	5.63+4.4	1.26
Debt-to-Equity	0.140.0	0.140.0	0.130.0	0.13-0.1	0.19-0.0	0.22
FCF Margin	N/A	N/A	N/A	44.6%+2330.0pp	-2285.5%	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-5961.5%-170.4pp	-5791.2%-5434.3pp	-356.8%+6128.7pp	-6485.6%-11.3pp	-6474.3%+1124.7pp	-7599.0%-3254.7pp	-4344.3%+2473.4pp	-6817.7%
Net Margin	-5852.9%-138.7pp	-5714.2%-5372.4pp	-341.8%+6110.5pp	-6452.3%-53.6pp	-6398.7%+1130.8pp	-7529.5%-3299.4pp	-4230.1%+2369.8pp	-6599.9%
Return on Equity	-5.5%-0.8pp	-4.8%-0.7pp	-4.0%+2.8pp	-6.8%+2.8pp	-9.6%-0.3pp	-9.3%-1.5pp	-7.8%+0.7pp	-8.5%
Return on Assets	-4.8%-0.6pp	-4.2%-0.7pp	-3.5%+2.4pp	-5.9%+2.4pp	-8.4%-0.2pp	-8.2%-1.4pp	-6.8%+0.7pp	-7.5%
Current Ratio	6.23-1.8	8.06+2.8	5.26-0.6	5.87+1.2	4.72-3.3	8.01-0.3	8.36-2.4	10.77
Debt-to-Equity	0.150.0	0.14-0.0	0.150.0	0.150.0	0.15+0.0	0.140.0	0.14+0.0	0.13
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 Western Uranium's annual revenue?

Western Uranium (WSTRF) reported $425K in total revenue for fiscal year 2025. This represents a 131.5% 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 Western Uranium's revenue growing?

Western Uranium (WSTRF) revenue grew by 131.5% year-over-year, from $184K to $425K in fiscal year 2025.

Is Western Uranium profitable?

No, Western Uranium (WSTRF) reported a net income of -$7.2M in fiscal year 2025, with a net profit margin of -1686.7%.

What is Western Uranium's EBITDA?

Western Uranium (WSTRF) had EBITDA of -$6.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Western Uranium's operating margin?

Western Uranium (WSTRF) had an operating margin of -1712.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Western Uranium's net profit margin?

Western Uranium (WSTRF) had a net profit margin of -1686.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Western Uranium's return on equity (ROE)?

Western Uranium (WSTRF) has a return on equity of -23.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Western Uranium's operating cash flow?

Western Uranium (WSTRF) generated -$5.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Western Uranium's total assets?

Western Uranium (WSTRF) had $34.4M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Western Uranium have outstanding?

Western Uranium (WSTRF) had 72M shares outstanding as of fiscal year 2025.

What is Western Uranium's current ratio?

Western Uranium (WSTRF) had a current ratio of 8.06 as of fiscal year 2025, which is generally considered healthy.

What is Western Uranium's debt-to-equity ratio?

Western Uranium (WSTRF) had a debt-to-equity ratio of 0.14 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Western Uranium's return on assets (ROA)?

Western Uranium (WSTRF) had a return on assets of -20.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Western Uranium's cash runway?

Based on fiscal year 2025 data, Western Uranium (WSTRF) had $5.6M in cash against an annual operating cash burn of $5.8M. This gives an estimated cash runway of approximately 12 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 Western Uranium's Altman Z-Score?

Western Uranium (WSTRF) has an Altman Z-Score of 2.02, 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 Western Uranium's Piotroski F-Score?

Western Uranium (WSTRF) has a Piotroski F-Score of 4 out of 7 computable signals; 2 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 Western Uranium's earnings high quality?

Western Uranium (WSTRF) has an earnings quality ratio of 0.80x, 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.