Filing Flows › Energy Fuels (UUUU) › Q4 2025
Energy Fuels (UUUU) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Energy Fuels (UUUU) reported revenue of $27.1M for the fourth quarter 2025 (Q4 2025), -32% from a year earlier and +53% from the quarter before. Operating margin was -81.6%, net loss $20.9M (77.3% of revenue).
Energy Fuels, Q4 2025: revenue $27.1M (-32% year over year), operating margin -81.6%, net loss $20.9M, operating cash flow −$16.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $27.1M | +53% | -32% |
| Operating profit | −$22.1M | — | — |
| Net earnings | −$20.9M | — | — |
| Operating cash flow | −$16.2M | — | — |
What changed
Revenue was $27.1M in Q4 2025, down 32% year over year and up 53% from the previous quarter.
Operating costs exceeded revenue by $22.1M, an operating margin of -81.6%. Total costs fell 28% while revenue fell 32%. The fastest-growing cost line was SG&A (+24%). The quarter ended with a net loss of $20.9M, wider than the previous quarter's $17.0M loss. Minority interests bore $153K of it: to shareholders the quarter was a loss of $20.8M.
Operating cash flow was −$16.2M. Non-cash charges added back $1.4M of depreciation and amortization and $3.8M of share-based compensation. Capital expenditures of $9.5M exceeded it, leaving free cash flow of −$25.7M.
Questions
What was Energy Fuels' revenue in the fourth quarter 2025?
Energy Fuels (UUUU) reported revenue of $27.1M for the fourth quarter 2025 (Q4 2025), -32% from a year earlier and +53% from the quarter before.
Was Energy Fuels profitable in the fourth quarter 2025?
Operating loss was $22.1M (-81.6% of revenue) and net loss $20.9M.
Source: Energy Fuels 10-K on SEC EDGAR.