Western Uranium Financials
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).
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
Revenue stayed under
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 Western Uranium'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.
Western Uranium has an operating margin of -1712.5%, meaning the company retains $-1713 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 -5622.8% the prior year.
Western Uranium's revenue surged 131.5% year-over-year to $425K, reflecting rapid business expansion. This strong growth earns a score of 32/100.
Western Uranium carries a low D/E ratio of 0.14, meaning only $0.14 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 8.06, Western Uranium holds $8.06 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Western Uranium generates a -23.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -33.9% the prior year.
Western Uranium passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
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
Earnings & Revenue
Western Uranium generated $425K in revenue in fiscal year 2025. This represents an increase of 131.5% from the prior year.
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.
Western Uranium reported -$7.2M in net income in fiscal year 2025. This represents an increase of 29.0% from the prior year.
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
Western Uranium held $5.6M in cash against $0 in long-term debt as of fiscal year 2025.
Western Uranium had 72M shares outstanding in fiscal year 2025. This represents an increase of 21.0% from the prior year.
Margins & Returns
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.
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.
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
WSTRF Income Statement
| 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 | 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 | 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 | 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 |
Similar Companies
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.
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 Piotroski F-Score?
Western Uranium (WSTRF) 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 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.
How financially healthy is Western Uranium?
Western Uranium (WSTRF) scores 39 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.