Filing Flows › Ur-Energy (URG) › Q3 2025
Ur-Energy (URG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
Ur-Energy (URG) reported revenue of $6.3M for the third quarter 2025 (Q3 2025), -1% from a year earlier and -39% from the quarter before. Operating margin was -313.3%, net loss $27.5M (434.3% of revenue).
Ur-Energy, Q3 2025: revenue $6.3M (-1% year over year), operating margin -313.3%, net loss $27.5M, operating cash flow −$15.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.3M | -39% | -1% |
| Operating profit | −$19.8M | — | — |
| Net earnings | −$27.5M | — | — |
| Operating cash flow | −$15.0M | — | — |
What changed
Revenue was $6.3M in Q3 2025, down 1% year over year and down 39% from the previous quarter.
Operating costs exceeded revenue by $19.8M, an operating margin of -313.3%. The fastest-growing cost line was General & admin (+106%). The quarter ended with a net loss of $27.5M, wider than the previous quarter's $21.0M loss.
Operating cash flow was −$15.0M. Non-cash charges added back $1.0M of depreciation and $1.7M of share-based compensation. Working capital and other items added $9.7M. Capital expenditures of $5.3M exceeded it, leaving free cash flow of −$20.4M.
Questions
What was Ur-Energy's revenue in the third quarter 2025?
Ur-Energy (URG) reported revenue of $6.3M for the third quarter 2025 (Q3 2025), -1% from a year earlier and -39% from the quarter before.
Was Ur-Energy profitable in the third quarter 2025?
Operating loss was $19.8M (-313.3% of revenue) and net loss $27.5M.
Source: Ur-Energy 10-Q on SEC EDGAR.