What is Westwater Res's earnings per share (EPS)?

Westwater Res (WWR) reported diluted earnings per share of $-0.32 for fiscal year 2025. This represents a -45.5% 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.

Westwater Res Financials

WWR

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

This page shows Westwater Res (WWR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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 WWR FY2025 2026-04-22

Westwater’s current business mechanic is equity-funded balance-sheet rebuilding while operations still consume cash and require ongoing investment.

Liquidity improved because capital was raised, not because the business began funding itself: the current ratio jumped from 0.4x to 4.2x between FY2024 and FY2025. Yet operating cash flow was still -$9.9M while financing brought in $65.6M, pointing to recapitalization rather than operating self-funding.

The balance sheet is lightly burdened by obligations: FY2025 liabilities were $13.0M against equity of $181.5M, so funding has come mainly from owners rather than lenders. The trade-off is dilution as a financing valve, with shares outstanding rising to 118.0M from 55.4M since FY2023.

Cash burn is not primarily R&D-driven: FY2025 SG&A was $12.4M versus R&D of $1.1M, which points to a cost base dominated by administration and other non-R&D overhead. Free cash flow remains sensitive to capex timing, so FY2024’s smaller outflow looked more like a pause in investment than a durable change in the organization’s cash needs.

Financial Health Signals

Financial Profile 31/100

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 Westwater Res'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.

Leverage

100

Westwater Res carries a low D/E ratio of 0.07, meaning only $0.07 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.

Liquidity

With a current ratio of 4.21, Westwater Res holds $4.21 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 83/100.

Returns

Westwater Res generates a -15.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -9.5% the prior year.

Piotroski F-Score Weak

2/9

Westwater Res passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.36x

For every $1 of reported earnings, Westwater Res generates $0.36 in operating cash flow (-$9.9M OCF vs -$27.3M 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

N/A

EBITDA

N/A

Net Income

-$27.3M

YoY-115.9%

Westwater Res reported -$27.3M in net income in fiscal year 2025. This represents a decrease of 115.9% from the prior year.

EPS (Diluted)

$-0.32

YoY-45.5%

Westwater Res earned $-0.32 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 45.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$21.6M

YoY-80.5%

Westwater Res generated -$21.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 80.5% from the prior year.

Cash & Debt

$48.6M

YoY+1037.1%

5Y CAGR-0.7%

10Y CAGR+49.6%

Westwater Res held $48.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

118M

YoY+82.0%

5Y CAGR+32.0%

Westwater Res had 118M shares outstanding in fiscal year 2025. This represents an increase of 82.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-15.0%

YoY-5.5pp

5Y CAGR+26.0pp

10Y CAGR+22.4pp

Westwater Res's ROE was -15.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.5 percentage points from the prior year.

Capital Allocation

R&D Spending

$1.1M

YoY-3.2%

Westwater Res invested $1.1M in research and development in fiscal year 2025. This represents a decrease of 3.2% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$11.7M

YoY+90.2%

5Y CAGR+170.3%

Westwater Res invested $11.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 90.2% from the prior year.

WWR Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	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
R&D Expenses	$1.1M-3.2%	$1.2M-59.9%	$2.9M+156.3%	$1.1M	N/A	N/A
SG&A Expenses	$12.4M+24.0%	$10.0M+2.1%	$9.8M-1.2%	$9.9M+11.6%	$8.9M+56.3%	$5.7M
Operating Income	N/A	N/A	N/A	N/A	N/A	-$11.2M
Interest Expense	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
Net Income	-$27.3M-115.9%	-$12.7M-63.3%	-$7.8M+30.3%	-$11.1M+31.1%	-$16.1M+31.5%	-$23.6M
EPS (Diluted)	$-0.32-45.5%	$-0.22-46.7%	$-0.15+40.0%	$-0.25+49.0%	$-0.49+69.0%	$-1.58

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	$550K	N/A	$370K+34.5%	$275K+51.1%	$182K	N/A	$254K-9.6%	$281K
SG&A Expenses	$3.5M	N/A	$3.5M+10.2%	$3.1M+36.6%	$2.3M	N/A	$2.4M-2.6%	$2.5M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	-$4.7M	N/A	-$9.8M-154.2%	-$3.9M-44.6%	-$2.7M	N/A	-$3.1M+18.6%	-$3.8M
EPS (Diluted)	$-0.04	N/A	$-0.12-140.0%	$-0.05-25.0%	$-0.04	N/A	$-0.05+28.6%	$-0.07

WWR Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$194.5M+32.9%	$146.4M-2.3%	$149.8M-11.0%	$168.4M+26.6%	$133.0M+114.7%	$61.9M
Current Assets	$48.9M+904.9%	$4.9M-58.1%	$11.6M-84.7%	$76.1M-34.2%	$115.6M+119.8%	$52.6M
Cash & Equivalents	$48.6M+1037.1%	$4.3M-60.6%	$10.9M-85.6%	$75.2M-34.8%	$115.3M+129.1%	$50.3M
Inventory	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
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$13.0M-1.7%	$13.2M+41.0%	$9.4M-64.5%	$26.4M+289.7%	$6.8M+51.9%	$4.5M
Current Liabilities	$11.6M-1.2%	$11.8M+51.3%	$7.8M-69.0%	$25.1M+370.7%	$5.3M+25.2%	$4.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$181.5M+36.4%	$133.1M-5.2%	$140.4M-1.1%	$142.0M+12.5%	$126.2M+119.6%	$57.5M
Retained Earnings	-$401.0M-7.3%	-$373.7M-3.5%	-$361.0M-2.2%	-$353.3M-3.3%	-$342.2M-5.0%	-$326.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$189.1M-2.8%	$194.5M+23.3%	$157.7M+4.8%	$150.5M+2.1%	$147.4M+0.7%	$146.4M+2.0%	$143.5M-0.5%	$144.3M
Current Assets	$42.3M-13.3%	$48.9M+264.5%	$13.4M+83.1%	$7.3M+76.1%	$4.2M-14.5%	$4.9M-14.2%	$5.7M-26.6%	$7.7M
Cash & Equivalents	$41.5M-14.6%	$48.6M+276.4%	$12.9M+92.5%	$6.7M+105.5%	$3.3M-23.6%	$4.3M-6.0%	$4.5M+43.6%	$3.2M
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	$10.4M-19.7%	$13.0M-34.0%	$19.7M+25.3%	$15.7M+25.2%	$12.6M-5.1%	$13.2M+20.8%	$11.0M+17.0%	$9.4M
Current Liabilities	$9.1M-22.1%	$11.6M-36.6%	$18.3M+27.9%	$14.3M+28.8%	$11.1M-5.4%	$11.8M+24.5%	$9.4M+20.9%	$7.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$178.7M-1.6%	$181.5M+31.5%	$138.0M+2.4%	$134.8M-0.1%	$134.9M+1.3%	$133.1M+0.4%	$132.5M-1.8%	$134.9M
Retained Earnings	-$405.7M-1.2%	-$401.0M-2.8%	-$390.1M-2.6%	-$380.2M-1.0%	-$376.4M-0.7%	-$373.7M-0.8%	-$370.9M-0.8%	-$367.7M

WWR Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$9.9M-70.2%	-$5.8M+49.1%	-$11.4M+13.3%	-$13.2M+22.1%	-$16.9M-11.4%	-$15.2M
Capital Expenditures	$11.7M+90.2%	$6.1M-89.5%	$58.3M+10.4%	$52.8M+1474.4%	$3.4M+4039.5%	$81K
Free Cash Flow	-$21.6M-80.5%	-$12.0M+82.8%	-$69.7M-5.7%	-$66.0M-225.5%	-$20.3M-32.8%	-$15.3M
Investing Cash Flow	-$11.4M-146.5%	-$4.6M+92.0%	-$58.3M-10.4%	-$52.8M-2404.3%	-$2.1M+48.6%	-$4.1M
Financing Cash Flow	$65.6M+1595.0%	$3.9M-28.0%	$5.4M-79.2%	$25.9M-69.2%	$84.0M+31.4%	$63.9M
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	-$4.0M-105.8%	-$2.0M+39.8%	-$3.3M-38.0%	-$2.4M-2.3%	-$2.3M-12.5%	-$2.1M-244.5%	$1.4M+159.1%	-$2.4M
Capital Expenditures	$1.6M-71.5%	$5.4M+360.1%	$1.2M-44.3%	$2.1M-27.5%	$2.9M+164.1%	$1.1M+4.3%	$1.1M-28.2%	$1.5M
Free Cash Flow	-$5.6M+24.5%	-$7.4M-66.8%	-$4.4M+1.0%	-$4.5M+14.4%	-$5.2M-65.7%	-$3.2M-986.3%	$357K+109.2%	-$3.9M
Investing Cash Flow	-$1.6M+71.5%	-$5.4M-360.1%	-$1.2M+36.6%	-$1.9M+36.3%	-$2.9M-166.1%	-$1.1M-251.0%	-$314K+57.0%	-$731K
Financing Cash Flow	-$1.5M-103.5%	$43.1M+304.6%	$10.6M+38.8%	$7.7M+81.3%	$4.2M+46.8%	$2.9M+952.2%	$274K+60.2%	$171K
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

WWR Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	-15.0%-5.5pp	-9.5%-4.0pp	-5.5%+2.3pp	-7.8%+5.0pp	-12.8%+28.2pp	-41.0%
Return on Assets	-14.1%-5.4pp	-8.6%-3.5pp	-5.2%+1.4pp	-6.6%+5.5pp	-12.1%+25.9pp	-38.1%
Current Ratio	4.21+3.8	0.41-1.1	1.49-1.5	3.04-18.7	21.72+9.3	12.37
Debt-to-Equity	0.07-0.0	0.10+0.0	0.07-0.1	0.19+0.1	0.05-0.0	0.08
FCF Margin	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
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	-2.6%	N/A	-7.1%-4.3pp	-2.9%-0.9pp	-2.0%	N/A	-2.4%+0.5pp	-2.8%
Return on Assets	-2.5%	N/A	-6.2%-3.7pp	-2.6%-0.8pp	-1.8%	N/A	-2.2%+0.5pp	-2.6%
Current Ratio	4.68+0.5	4.21+3.5	0.73+0.2	0.51+0.1	0.37-0.0	0.41-0.2	0.60-0.4	0.99
Debt-to-Equity	0.06-0.0	0.07-0.1	0.14+0.0	0.12+0.0	0.090.0	0.10+0.0	0.08+0.0	0.07
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

Is Westwater Res profitable?

No, Westwater Res (WWR) reported a net income of -$27.3M in fiscal year 2025.

What is Westwater Res's return on equity (ROE)?

Westwater Res (WWR) has a return on equity of -15.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Westwater Res's free cash flow?

Westwater Res (WWR) generated -$21.6M in free cash flow during fiscal year 2025. This represents a -80.5% 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 Westwater Res's operating cash flow?

Westwater Res (WWR) generated -$9.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Westwater Res's total assets?

Westwater Res (WWR) had $194.5M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Westwater Res's capital expenditures?

Westwater Res (WWR) invested $11.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Westwater Res spend on research and development?

Westwater Res (WWR) invested $1.1M in research and development during fiscal year 2025.

How many shares does Westwater Res have outstanding?

Westwater Res (WWR) had 118M shares outstanding as of fiscal year 2025.

What is Westwater Res's current ratio?

Westwater Res (WWR) had a current ratio of 4.21 as of fiscal year 2025, which is generally considered healthy.

What is Westwater Res's debt-to-equity ratio?

Westwater Res (WWR) had a debt-to-equity ratio of 0.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Westwater Res's return on assets (ROA)?

Westwater Res (WWR) had a return on assets of -14.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Westwater Res's cash runway?

Based on fiscal year 2025 data, Westwater Res (WWR) had $48.6M in cash against an annual operating cash burn of $9.9M. This gives an estimated cash runway of approximately 59 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 Westwater Res's Piotroski F-Score?

Westwater Res (WWR) has a Piotroski F-Score of 2 out of 9, indicating weak 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 Westwater Res's earnings high quality?

Westwater Res (WWR) has an earnings quality ratio of 0.36x, 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 Westwater Res?

Westwater Res (WWR) scores 31 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.