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Ur-Energy (URG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Ur-Energy (URG) reported revenue of $14.4M for the second quarter 2026 (Q2 2026), +38% from a year earlier and +266% from the quarter before. Operating margin was -128.3%, net loss $16.7M (116.1% of revenue).
Ur-Energy, Q2 2026: revenue $14.4M (+38% year over year), operating margin -128.3%, net loss $16.7M, operating cash flow −$12.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.4M | +266% | +38% |
| Operating profit | −$18.4M | — | — |
| Net earnings | −$16.7M | — | — |
| Operating cash flow | −$12.0M | — | — |
What changed
Revenue was $14.4M in Q2 2026, up 38% year over year and up 266% from the previous quarter.
Gross margin was 13.2%, down 5.4 points from Q2 2025. Operating costs exceeded revenue by $18.4M, an operating margin of -128.3%. Operating expenses grew 15% against revenue growth of 38%. The fastest-growing cost line was General & admin (+23%). The quarter ended with a net loss of $16.7M, narrower than the previous quarter's $28.8M loss.
Operating cash flow was −$12.0M. Non-cash charges added back $1.1M of depreciation and $582K of share-based compensation. Working capital and other items added $3.0M. Capital expenditures of $15.1M exceeded it, leaving free cash flow of −$27.1M.
Questions
What was Ur-Energy's revenue in the second quarter 2026?
Ur-Energy (URG) reported revenue of $14.4M for the second quarter 2026 (Q2 2026), +38% from a year earlier and +266% from the quarter before.
Was Ur-Energy profitable in the second quarter 2026?
Operating loss was $18.4M (-128.3% of revenue) and net loss $16.7M.
Source: Ur-Energy 10-Q on SEC EDGAR.