10-K · February 26, 2026
Energy Fuels (UUUU) is executing a strategy to expand from uranium/vanadium into vertically integrated rare earth elements (REE) and heavy mineral sands (HMS) via the White Mesa Mill, the Oct 2, 2024 acquisition of Base…
Earnings analysis · 10-Q
UUUU earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
Energy Fuels Inc. reported significant financial improvement in Q1 2026, with total revenue increasing to $35.84 million from $16.90 million a year ago, reflecting stronger uranium sales. The net loss reduced notably to…
Read full summary
Energy Fuels Inc. reported significant financial improvement in Q1 2026, with total revenue increasing to $35.84 million from $16.90 million a year ago, reflecting stronger uranium sales. The net loss reduced notably to $10.96 million from $26.32 million in the previous year, indicating improved operational efficiency and better market conditions.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.04
- Segment
- Uranium
- Segment
- Rare Earth Elements
- Segment
- Heavy Mineral Sands
What stood out
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Revenue Surges 112% YoY
Total revenue reached $35.84 million, up from $16.90 million in Q1 2025, marking a 112% increase.
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Net Loss Decreased by 58%
Net loss reduced to $10.96 million from $26.32 million, improving net loss per share from -$0.13 to -$0.04.
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Operating Loss Improvement
Operating loss decreased to $16.93 million from $26.19 million, a significant improvement of 35%.
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Uranium Segment Growth
Sales of uranium concentrates generated $35.72 million in revenue, driven by the delivery and timing of contract sales.
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Cash Flow Positive From Operations
Net cash provided by operating activities was $8.32 million for the quarter, a contrast to net cash used of $(18.83) million in Q1 2025.
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Strong Cash Position Maintained
As of March 31, 2026, the Company reported $131.1 million in cash and cash equivalents.
What to watch
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Commodity Price Volatility
Exposure to fluctuations in uranium prices remains high, which may impact future revenues and profitability.
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Dependence on Contract Deliveries
As uranium sales depend on contract timing, any delays could significantly affect revenue projections.
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Political Instability in Madagascar
Ongoing negotiations with the Madagascar government for the Vara Mada Project could delay timelines based on political changes.
Management's outlook
Guidance for 2026 indicates processed U3O8 production estimates of 1.5 to 2.5 million pounds, with sales volumes expected to be between 1.5 and 2 million pounds.
Earlier filings 4
10-Q · August 6, 2025
UUUU's Q2 2025 results show significant revenue decline and loss, with actual revenue at $4,212,000 compared to a consensus estimate of $11,478,400. Gross margin was 13.2% and the diluted EPS was reported at -$0.10,…
10-K · February 26, 2025
Energy Fuels positions itself as a production-stage uranium and REE company — the filing notes it commenced uranium production at three material properties and classifies the company as a production stage issuer as of…
10-Q · May 3, 2024
Energy Fuels (UUUU) reported Q1 revenue of $25,426,000 and diluted EPS of $0.02 (in line with consensus). Gross margin remained robust at 56.5% with an operating margin of 8.0%, and the company generated positive free…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.