Filing Flows › Ur-Energy (URG) › Q1 2026
Ur-Energy (URG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Ur-Energy (URG) reported revenue of $3.9M for the first quarter 2026 (Q1 2026) and -62% from the quarter before. Operating margin was -517.2%, net loss $28.8M (732.0% of revenue).
Ur-Energy, Q1 2026: revenue $3.9M, operating margin -517.2%, net loss $28.8M, operating cash flow −$16.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.9M | -62% | — |
| Operating profit | −$20.3M | — | — |
| Net earnings | −$28.8M | — | — |
| Operating cash flow | −$16.5M | — | — |
What changed
Revenue was $3.9M in Q1 2026, down 62% from the previous quarter.
Gross margin was 31.6%. Operating costs exceeded revenue by $20.3M, an operating margin of -517.2%. The quarter ended with a net loss of $28.8M, wider than the previous quarter's $15.6M loss.
Operating cash flow was −$16.5M. Non-cash charges added back $1.0M of depreciation and $623K of share-based compensation. Working capital and other items added $10.7M. Capital expenditures of $12.3M exceeded it, leaving free cash flow of −$28.8M.
Questions
What was Ur-Energy's revenue in the first quarter 2026?
Ur-Energy (URG) reported revenue of $3.9M for the first quarter 2026 (Q1 2026) and -62% from the quarter before.
Was Ur-Energy profitable in the first quarter 2026?
Operating loss was $20.3M (-517.2% of revenue) and net loss $28.8M.
Source: Ur-Energy 10-Q on SEC EDGAR.