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Ur-Energy (URG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Ur-Energy (URG) reported revenue of $12.4M for the third quarter 2026 (Q3 2026), +97% from a year earlier and -13% from the quarter before. Operating margin was -217.6%, net loss $17.7M (142.6% of revenue).
Ur-Energy, Q3 2026: revenue $12.4M (+97% year over year), operating margin -217.6%, net loss $17.7M, operating cash flow −$34.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.4M | -13% | +97% |
| Operating profit | −$27.1M | — | — |
| Net earnings | −$17.7M | — | — |
| Operating cash flow | −$34.8M | — | — |
What changed
Revenue was $12.4M in Q3 2026, up 97% year over year and down 13% from the previous quarter.
Operating costs exceeded revenue by $27.1M, an operating margin of -217.6%. Total costs grew 51% against revenue growth of 97%. The fastest-growing cost line was Cost of revenue (+95%). The quarter ended with a net loss of $17.7M, wider than the previous quarter's $16.7M loss. Non-operating items added $9.3M, so the bottom line overstates operating performance.
Operating cash flow was −$34.8M. Non-cash charges added back $1.2M of depreciation and $198K of share-based compensation. Working capital and other items used $18.5M. Capital expenditures of $11.1M exceeded it, leaving free cash flow of −$45.9M.
Questions
What was Ur-Energy's revenue in the third quarter 2026?
Ur-Energy (URG) reported revenue of $12.4M for the third quarter 2026 (Q3 2026), +97% from a year earlier and -13% from the quarter before.
Was Ur-Energy profitable in the third quarter 2026?
Operating loss was $27.1M (-217.6% of revenue) and net loss $17.7M.
Source: Ur-Energy 10-Q on SEC EDGAR.