Filing Flows › Centrus Energy (LEU) › Q2 2025
Centrus Energy (LEU) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Centrus Energy (LEU) reported revenue of $154M for the second quarter 2025 (Q2 2025), -18% from a year earlier and +111% from the quarter before. Operating margin was 21.7%, net earnings $28.9M (18.7% of revenue).
Centrus Energy, Q2 2025: revenue $154M (-18% year over year), operating margin 21.7%, net earnings $28.9M, operating cash flow $52.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $154M | +111% | -18% |
| Gross profit | $53.9M | +64% | +48% |
| Operating profit | $33.5M | +63% | +59% |
| Net earnings | $28.9M | +6% | -6% |
| Operating cash flow | $52.8M | +45% | +654% |
| Free cash flow | $49.2M | +43% | +707% |
What changed
Revenue was $154.5M in Q2 2025, down 18% year over year and up 111% from the previous quarter. Separative Work Units was the largest line at 81% of revenue. Separative Work Units lost $14.0M year over year (down 10%), 41% of the total change.
Gross margin was 34.9%, up 15.6 points from a year earlier. Operating profit was $33.5M, a 21.7% margin (up 10.5 points year over year). Operating expenses grew 32% against a revenue fall of 18%. The fastest-growing cost line was Other operating costs (+88%). Net earnings were $28.9M, down 6% year over year. The effective tax rate was 22.7%.
Operating cash flow was $52.8M (up 654% year over year), 183% of net earnings. Non-cash charges added back $3.9M of depreciation and amortization. Working capital and other items added $20.0M. Capital expenditures of $3.6M left free cash flow of $49.2M.
Questions
What was Centrus Energy's revenue in the second quarter 2025?
Centrus Energy (LEU) reported revenue of $154M for the second quarter 2025 (Q2 2025), -18% from a year earlier and +111% from the quarter before.
Was Centrus Energy profitable in the second quarter 2025?
Operating profit was $33.5M (21.7% of revenue) and net earnings $28.9M.
Source: Centrus Energy 10-Q on SEC EDGAR.