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Centrus Energy (LEU) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Centrus Energy (LEU) Q3 2026 earnings results →
Q3 2026 Revenue down 26% year over year to $55.5M · 57¢ of every $1 of revenue kept as net profit · operating margin -53.5%
Centrus Energy made $55.5M in Q3 2026 (-26% Y/Y): Product $31.8M, Service $23.7M. Operating margin -53.5%, net earnings $31.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
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What changed this quarter
Revenue was $55.5M in Q3 2026, down 26% year over year and down 68% from the previous quarter. Service was the largest line at 43% of revenue. Uranium lost $16.4M year over year (down 48%), 85% of the total change.
Operating costs exceeded revenue by $29.7M, an operating margin of -53.5%. Total costs fell 7% while revenue fell 26%. The fastest-growing cost line was Research & development (+176%). Net earnings were $31.6M, up 710% year over year. The effective tax rate was -10.1%. Non-operating items added $58.4M, 203% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $5.6M (down 45% year over year), 18% of net earnings. Non-cash charges added back $1.7M of depreciation and amortization. Working capital and other items used $27.7M. Capital expenditures of $131.6M exceeded it, leaving free cash flow of −$126.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $55.5M | -26% | -53.5% | $31.6M | $5.6M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $176M | +14% | 5.9% | $16.8M | $18.4M |
| Q1 2026 | 10-Q | May 6, 2026 | $76.7M | +5% | 1.0% | $10.0M | −$35.1M |
| Q4 2025 | 10-K | Feb 11, 2026 | $146M | -4% | 8.8% | $17.8M | −$48.4M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $74.9M | +30% | -22.2% | $3.9M | $10.1M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $154M | -18% | 21.7% | $28.9M | $52.8M |
| Q1 2025 | 10-Q | May 8, 2025 | $73.1M | +67% | 28.0% | $27.2M | $36.5M |
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About Centrus Energy
Centrus Energy Corp., a Delaware corporation, is a trusted supplier of nuclear fuel components for the nuclear power industry, which provides a reliable source of carbon-free energy, and provides enrichment and technical services for public and private customers. References to “Centrus”, the “Company”, “our”, or “we” include Centrus Energy Corp. and its wholly-owned subsidiaries as well as the predecessor to Centrus, unless the context indicates otherwise. Centrus operates two business segments: (a) LEU, which supplies various components of nuclear fuel to commercial customers from our global network of suppliers, and (b) Technical Solutions, which provides advanced uranium enrichment for the nuclear industry and the U.S. government and advanced manufacturing and other technical services to government and private sector customers.
In its own words, from its 10-K, filed Feb 11, 2026.
Centrus Energy against its Mining & Quarrying of Nonmetallic Minerals (No Fuels) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -26% against the peers' median +4%. Operating margin: -53.5% against the peers' median 16.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| LEU Centrus Energy | Q3 2026 | $55.5M | -26% | -53.5% |
| MLM Martin Marietta Materials | Q3 2026 | $2.4B | +28% | 18.5% |
| VMC Vulcan Materials | Q3 2026 | $2.2B | -5% | 24.0% |
| KNF Knife River | Q3 2026 | $1.3B | +6% | 16.8% |
| HL Hecla Mining | Q3 2026 | $395M | +25% | 39.8% |
| CMP Compass Minerals International | Q3 FY26 | $215M | +0.3% | 5.1% |
| SND Smart Sand | Q2 2026 | $115M | +34% | 8.7% |
| USLM United States Lime & Minerals | Q3 2026 | $106M | +4% | 42.1% |
| IPI Intrepid Potash | Q3 2026 | $51.0M | +0.4% | 0.4% |
Source: Centrus Energy 10-Q on SEC EDGAR · CIK 1065059 · Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Guidance and outlook
13F: who owns LEU and who is buying
More on LEU
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Centrus Energy guidance history: guided vs reported
- Centrus Energy gross margin by quarter
- Centrus Energy operating margin by quarter
- Centrus Energy net income by quarter
- Centrus Energy free cash flow by quarter
- Centrus Energy R&D spending by quarter
- Centrus Energy capital expenditures by quarter
- Centrus Energy Product revenue by quarter
- Centrus Energy Service revenue by quarter