Filing Flows › Centrus Energy (LEU) › Q4 2025
Centrus Energy (LEU) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 11, 2026
Centrus Energy (LEU) reported revenue of $146M for the fourth quarter 2025 (Q4 2025), -4% from a year earlier and +95% from the quarter before. Operating margin was 8.8%, net earnings $17.8M (12.2% of revenue).
Centrus Energy, Q4 2025: revenue $146M (-4% year over year), operating margin 8.8%, net earnings $17.8M, operating cash flow −$48.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $146M | +95% | -4% |
| Gross profit | $35.0M | — | -43% |
| Operating profit | $12.8M | — | -72% |
| Net earnings | $17.8M | +356% | -67% |
| Operating cash flow | −$48.4M | -579% | — |
What changed
Revenue was $146.2M in Q4 2025, down 4% year over year and up 95% from the previous quarter.
Gross margin was 23.9%, down 16.8 points from a year earlier. Operating profit was $12.8M, a 8.8% margin (down 21.0 points year over year). Operating expenses grew 33% against a revenue fall of 4%. The fastest-growing cost line was Research & development (+170%). Net earnings were $17.8M, down 67% year over year. The effective tax rate was 16.4%. Non-operating items added $8.5M, 40% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$48.4M. Non-cash charges added back $3.0M of depreciation and amortization. Working capital and other items used $69.2M. Capital expenditures of $9.6M exceeded it, leaving free cash flow of −$58.0M.
Questions
What was Centrus Energy's revenue in the fourth quarter 2025?
Centrus Energy (LEU) reported revenue of $146M for the fourth quarter 2025 (Q4 2025), -4% from a year earlier and +95% from the quarter before.
Was Centrus Energy profitable in the fourth quarter 2025?
Operating profit was $12.8M (8.8% of revenue) and net earnings $17.8M.
Source: Centrus Energy 10-K on SEC EDGAR.