Filing Flows › Centrus Energy (LEU) › Q1 2025
Centrus Energy (LEU) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Centrus Energy (LEU) reported revenue of $73.1M for the first quarter 2025 (Q1 2025), +67% from a year earlier and -52% from the quarter before. Operating margin was 28.0%, net earnings $27.2M (37.2% of revenue).
Centrus Energy, Q1 2025: revenue $73.1M (+67% year over year), operating margin 28.0%, net earnings $27.2M, operating cash flow $36.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $73.1M | -52% | +67% |
| Gross profit | $32.9M | -47% | +665% |
| Operating profit | $20.5M | -55% | — |
| Net earnings | $27.2M | -49% | — |
| Operating cash flow | $36.5M | -37% | +589% |
| Free cash flow | $34.4M | -40% | +805% |
What changed
Revenue was $73.1M in Q1 2025, up 67% year over year and down 52% from the previous quarter. Separative Work Units was the largest line at 70% of revenue. Separative Work Units added $27.7M year over year (up 117%), 94% of the total change.
Gross margin was 45.0%, up 35.2 points from a year earlier. Operating profit was $20.5M, a 28.0% margin (up 52.3 points year over year). Operating expenses fell 17% while revenue rose 67%. Net earnings were $27.2M. The effective tax rate was 22.7%. Non-operating items added $14.7M, 42% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $36.5M (up 589% year over year), 134% of net earnings. Non-cash charges added back $1.5M of depreciation and amortization. Working capital and other items added $7.8M. Capital expenditures of $2.1M left free cash flow of $34.4M.
Questions
What was Centrus Energy's revenue in the first quarter 2025?
Centrus Energy (LEU) reported revenue of $73.1M for the first quarter 2025 (Q1 2025), +67% from a year earlier and -52% from the quarter before.
Was Centrus Energy profitable in the first quarter 2025?
Operating profit was $20.5M (28.0% of revenue) and net earnings $27.2M.
Source: Centrus Energy 10-Q on SEC EDGAR.