Filing Flows › Centrus Energy (LEU) › Q1 2026
Centrus Energy (LEU) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Centrus Energy (LEU) reported revenue of $76.7M for the first quarter 2026 (Q1 2026), +5% from a year earlier and -48% from the quarter before. Operating margin was 1.0%, net earnings $10.0M (13.0% of revenue).
Centrus Energy, Q1 2026: revenue $76.7M (+5% year over year), operating margin 1.0%, net earnings $10.0M, operating cash flow −$35.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $76.7M | -48% | +5% |
| Gross profit | $31.5M | -10% | -4% |
| Operating profit | $800K | -94% | -96% |
| Net earnings | $10.0M | -44% | -63% |
| Operating cash flow | −$35.1M | — | -196% |
What changed
Revenue was $76.7M in Q1 2026, up 5% year over year and down 48% from the previous quarter. Separative Work Units was the largest line at 54% of revenue. Service added $10.3M year over year (up 47%), 286% of the total change. Separative Work Units declined 19%.
Gross margin was 41.1%, down 3.9 points from Q1 2025. Operating profit was $800K, a 1.0% margin (down 27.0 points year over year). Operating profit fell $19.7M even though revenue rose $3.6M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 148% against revenue growth of 5%. The fastest-growing cost line was Research & development (+530%). Net earnings were $10.0M, down 63% year over year. The effective tax rate was 20.0%. Non-operating items added $11.7M, 94% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$35.1M. Non-cash charges added back $2.2M of depreciation and amortization. Working capital and other items used $47.3M. Capital expenditures of $23.2M exceeded it, leaving free cash flow of −$58.3M.
Questions
What was Centrus Energy's revenue in the first quarter 2026?
Centrus Energy (LEU) reported revenue of $76.7M for the first quarter 2026 (Q1 2026), +5% from a year earlier and -48% from the quarter before.
Was Centrus Energy profitable in the first quarter 2026?
Operating profit was $800K (1.0% of revenue) and net earnings $10.0M.
Source: Centrus Energy 10-Q on SEC EDGAR.