Filing Flows

Filing Flows › Companies › Energy Fuels › Cash flow

Energy Fuels cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$28.4M in Q3 2026 · −$54.7M over twelve months

Operating cash flow−$20.7M
Capital spending−$7.7M
Free cash flow−$28.4M
Cash conversion cycle678 days

Analysis

In Q3 2026, Energy Fuels generated −$20.7M of operating cash flow and spent $7.7M on capital projects, leaving free cash flow of −$28.4M. That is $3.9M more than in Q3 2025 (−$32.3M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$54.7M; the largest uses were other investing ($771M), operating cash flow ($54.7M); besides operations, cash came from other financing ($805M), shares issued ($3.6M); the cash balance fell by $17.2M.

Operating cash flow was −$20.7M against net income of −$52.4M. The largest differences: receivables −$9.6M, payables +$3.9M, inventory −$3.8M.

Its cash conversion cycle was 678 days (receivables 66 + inventory 673 − payables 61).

Free cash flow

Energy Fuels: free cash flow by quarterEnergy Fuels: free cash flow by quarter−$36.0MQ4 2024−$23.1MQ1 2025−$27.6MQ2 2025−$32.3MQ3 2025−$16.2MQ4 2025$5.6MQ1 2026−$30.1MQ2 2026−$28.4MQ3 2026
Operating cash flow less capital spending.
Energy Fuels: operating cash flow against capital spendingEnergy Fuels: operating cash flow against capital spendingOperating cash flowCapital spending−$36.0M$0Q4 2024−$18.8M$4.3MQ1 2025−$25.9M$1.7MQ2 2025−$28.5M$3.8MQ3 2025−$16.2M$0Q4 2025$8.3M$2.8MQ1 2026−$26.1M$4.0MQ2 2026−$20.7M$7.7MQ3 2026
Latest (Q3 2026): Operating cash flow −$20.7M, Capital spending $7.7M.

Capital allocation, year by year

Energy Fuels: where the cash came from (up) and went (down), by fiscal yearEnergy Fuels: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingFY2021: Operating cash flow −$29.3MFY2021: Shares issued $2.4MFY2021: Capital spending −$1.4M$2.4MFY2021FY2022: Operating cash flow −$49.7MFY2022: Shares issued $753KFY2022: Capital spending −$2.0M$753KFY2022FY2023: Operating cash flow −$15.4MFY2023: Shares issued $970KFY2023: Capital spending −$15.4M$970KFY2023FY2024: Operating cash flow −$44.0MFY2024: Shares issued $357KFY2024: Capital spending −$22.2M$357KFY2024FY2025: Operating cash flow −$89.5MFY2025: Net borrowing $700MFY2025: Shares issued $2.0MFY2025: Capital spending −$19.3M$702MFY2025
Over these 5 years operating cash flow totalled −$228M; the largest uses were operating cash flow ($228M) and capital spending ($60.2M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$76.4M
Debt$681M
Net debt$604M
Cash runway17 months

Energy Fuels is burning cash: its operations consume cash, a free cash flow of −$54.7M a year at the current rate against $76.4M of cash and investments: a runway of about 17 months before any new financing.

Where the cash came from and went

Energy Fuels: sources (+) and uses (−) of cash, Q3 2026Energy Fuels: sources (+) and uses (−) of cash, Q3 2026Other investing$47.5MOperating cash flow−$20.7MCash drawn (+) / kept (−)−$18.2MCapital spending−$7.7MOther financing−$2.5MAsset & business sales$1.8MExchange rates−$251KShares issued$4K
Energy Fuels: sources (+) and uses (−) of cash, TTM to Q3 2026Energy Fuels: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$805MOther investing−$771MOperating cash flow−$54.7MCash drawn (+) / kept (−)$17.2MShares issued$3.6MPartners$404KExchange rates−$47K

From profit to cash

Energy Fuels: net income to operating cash flow, Q3 2026Energy Fuels: net income to operating cash flow, Q3 2026Net income−$52.4MDepreciation & amortization$2.2MStock-based pay$3.6MReceivables−$9.6MInventory−$3.8MPayables$3.9MPrepaid and other assets$661KOperating cash flow−$20.7M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20266667361678
Q2 20264161366588
Q1 20263229932299
Q4 20255138627411
Q3 20255254336559
Q2 202530417951461953
Q1 202515533335453
Q4 20244912013156

Every quarter

QuarterOperating cash flowCapital spendingShares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026−$20.7M−$7.7M$4K−$18.2M−$28.4M
Q2 2026−$26.1M−$4.0M$101M$49.8M−$30.1M
Q1 2026$8.3M−$2.8M$54.9M−$43.9M$5.6M
Q4 2025−$16.2M—$869K$29.4M−$16.2M
Q3 2025−$28.5M−$3.8M$75.9M−$24.8M−$32.3M
Q2 2025−$25.9M−$1.7M$74.3M$1.3M−$27.6M
Q1 2025−$18.8M−$4.3M$77.7M−$34.6M−$23.1M
Q4 2024−$36.0M—$198K$8.1M−$36.0M

Energy Fuels: income statement and cash flow

Energy Fuels, Q3 2026: revenue $29.2M (+65% year over year), operating margin -86.7%. The chart follows the revenue to costs, profit and cash.

Energy Fuels: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.