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enCore Energy (EU) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · enCore Energy (EU) Q2 2026 earnings results →
Q2 2026 Revenue up 328% year over year to $15.7M · 284¢ of every $1 of revenue lost · operating margin -187.9%
enCore Energy made $15.7M in Q2 2026 (+328% Y/Y). Operating margin -187.9%, net loss $44.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
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What changed this quarter
Revenue was $15.7M in Q2 2026, up 328% year over year and down 14% from the previous quarter.
Operating costs exceeded revenue by $29.5M, an operating margin of -187.9%. The fastest-growing cost line was General & admin (+37%). The quarter ended with a net loss of $44.6M, after a profit of $2.5M the previous quarter. Minority interests bore $3.2M of it: to shareholders the quarter was a loss of $41.4M.
Operating cash flow was −$21.1M. Non-cash charges added back $1.7M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items added $19.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $15.7M | +328% | -187.9% | −$44.6M | −$21.1M |
| Q1 2026 | 10-Q | May 14, 2026 | $18.3M | +0.3% | 54.4% | $5.4M | −$21.4M |
| Q4 2025 | 10-K | Mar 31, 2026 | $12.4M | -7% | -135.9% | −$22.4M | $12.9M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $8.9M | -4% | -158.2% | −$6.4M | −$20.3M |
| Q2 2025 | 10-Q | Aug 11, 2025 | $3.7M | -31% | -526.1% | −$8.8M | −$9.9M |
| Q1 2025 | 10-Q | May 12, 2025 | $18.2M | -40% | -85.7% | −$25.4M | −$7.7M |
| Q4 2024 | 10-K | Mar 3, 2025 | $13.4M | — | -150.3% | −$19.1M | $387K |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About enCore Energy
enCore Energy Corp., America’s Clean Energy Company™, was incorporated on October 30, 2009, under the Laws of British Columbia and is a reporting issuer in all of the provinces and territories of Canada. As of January 1, 2025, the Company ceased to be a “foreign private issuer” and has become a “domestic issuer.” As of December 31, 2024, the Company filing status was a large, accelerated filer within the meanings under the Exchange Act. As of December 31, 2025, the Company’s filing status was a non-accelerated filer within the meanings under the Exchange Act. As a result, the Company must comply with the filing deadlines and disclosure obligations of a domestic issuer and non-accelerated filer as set forth in the Exchange Act. This classification impacts the timing of our periodic filings, internal control assessments, and other regulatory requirements.
In its own words, from its 10-K, filed Mar 31, 2026.
enCore Energy against its Miscellaneous Metal Ores peers
The largest companies of the same SEC industry, each at its latest quarter. Operating margin: -187.9% against the peers' median -228.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| EU enCore Energy | Q2 2026 | $15.7M | +328% | -187.9% |
| UEC Uranium Energy | Q4 FY26 | $17.1M | — | -228.6% |
| WSTRF Western Uranium & Vanadium | Q2 2026 | $200K | +554% | -608.6% |
Source: enCore Energy 10-Q on SEC EDGAR · CIK 1500881 · Miscellaneous Metal Ores
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results