Filing Flows › Ur-Energy (URG) › Q2 2025
Ur-Energy (URG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Ur-Energy (URG) reported revenue of $10.4M for the second quarter 2025 (Q2 2025), +124% from a year earlier. Operating margin was -151.1%, net loss $21.0M (200.8% of revenue).
Ur-Energy, Q2 2025: revenue $10.4M (+124% year over year), operating margin -151.1%, net loss $21.0M, operating cash flow −$12.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.4M | — | +124% |
| Operating profit | −$15.8M | — | — |
| Net earnings | −$21.0M | — | — |
| Operating cash flow | −$12.1M | — | — |
What changed
Revenue was $10.4M in Q2 2025, up 124% year over year.
Gross margin was 18.6%, down 9.9 points from a year earlier. Operating costs exceeded revenue by $15.8M, an operating margin of -151.1%. Operating expenses grew 39% against revenue growth of 124%. The fastest-growing cost line was General & admin (+51%). The quarter ended with a net loss of $21.0M.
Operating cash flow was −$12.1M. Non-cash charges added back $1.0M of depreciation and $703K of share-based compensation. Working capital and other items added $7.2M. Capital expenditures of $5.1M exceeded it, leaving free cash flow of −$17.2M.
Questions
What was Ur-Energy's revenue in the second quarter 2025?
Ur-Energy (URG) reported revenue of $10.4M for the second quarter 2025 (Q2 2025), +124% from a year earlier.
Was Ur-Energy profitable in the second quarter 2025?
Operating loss was $15.8M (-151.1% of revenue) and net loss $21.0M.
Source: Ur-Energy 10-Q on SEC EDGAR.