Filing Flows › Uranium Energy (UEC) › Q2 FY26
Uranium Energy (UEC) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Mar 10, 2026
Uranium Energy (UEC) reported revenue of $20.2M for the second quarter fiscal 2026 (Q2 FY26), -59% from a year earlier. Operating margin was -116.6%, net loss $13.9M (69.0% of revenue).
Uranium Energy, Q2 FY26: revenue $20.2M (-59% year over year), operating margin -116.6%, net loss $13.9M, operating cash flow −$38.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.2M | — | -59% |
| Operating profit | −$23.6M | — | — |
| Net earnings | −$13.9M | — | — |
| Operating cash flow | −$38.1M | — | — |
What changed
Revenue was $20.2M in Q2 FY26, down 59% year over year.
Gross margin was 49.6%, up 13.0 points from Q2 FY25. Operating costs exceeded revenue by $23.6M, an operating margin of -116.6%. Operating expenses grew 54% against a revenue fall of 59%. The fastest-growing cost line was Other operating costs (+66%). The quarter ended with a net loss of $13.9M. Non-operating items added $9.6M, -69% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$38.1M. Non-cash charges added back $1.7M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $28.0M. Capital expenditures of $941K exceeded it, leaving free cash flow of −$39.1M.
Questions
What was Uranium Energy's revenue in the second quarter fiscal 2026?
Uranium Energy (UEC) reported revenue of $20.2M for the second quarter fiscal 2026 (Q2 FY26), -59% from a year earlier.
Was Uranium Energy profitable in the second quarter fiscal 2026?
Operating loss was $23.6M (-116.6% of revenue) and net loss $13.9M.
Source: Uranium Energy 10-Q on SEC EDGAR.