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Western Uranium & Vanadium (WSTRF) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Western Uranium & Vanadium (WSTRF) Q2 2026 earnings results →
Q2 2026 Revenue up 554% year over year to $200K · 582¢ of every $1 of revenue lost · operating margin -608.6%
Western Uranium & Vanadium made $200K in Q2 2026 (+554% Y/Y). Operating margin -608.6%, net loss $1.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $200K in Q2 2026, up 554% year over year and up 630% from the previous quarter.
Operating costs exceeded revenue by $1.2M, an operating margin of -608.6%. Total costs fell 30% while revenue rose 554%. The quarter ended with a net loss of $1.2M, narrower than the previous quarter's $1.6M loss.
Operating cash flow was −$1.1M. Non-cash charges added back $214K of depreciation and $90K of share-based compensation. Working capital and other items used $267K. Capital expenditures of $19K exceeded it, leaving free cash flow of −$1.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $200K | +554% | -608.6% | −$1.2M | −$1.1M |
| Q1 2026 | 10-Q | May 14, 2026 | $27K | -34% | n/m | −$1.6M | −$1.0M |
| Q4 2025 | 10-K | Apr 15, 2026 | $25K | -31% | n/m | −$1.4M | −$993K |
| Q3 2025 | 10-Q | Nov 14, 2025 | $328K | +520% | -356.8% | −$1.1M | −$1.2M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $31K | -23% | n/m | −$2.0M | −$1.4M |
| Q1 2025 | 10-Q | May 13, 2025 | $41K | -24% | n/m | −$2.6M | −$2.2M |
| Q4 2024 | 10-K | Apr 15, 2025 | $37K | -50% | n/m | −$2.8M | −$2.5M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Western Uranium & Vanadium
Western Uranium & Vanadium Corp. (“Western” or the “Company”, formerly Western Uranium Corporation) was incorporated in December 2006 under the Ontario Business Corporations Act. On November 20, 2014, the Company completed a listing process on the Canadian Securities Exchange (“CSE”). As part of that process, the Company acquired 100% of the members’ interests of Pinon Ridge Mining LLC (“PRM”), a Delaware limited liability company. The transaction constituted a reverse takeover (“RTO”) of Western by PRM. Subsequent to obtaining appropriate shareholder approvals, the Company reconstituted its board of directors and senior management team. Western is a Canadian domestic issuer and Canadian reporting issuer.
In its own words, from its 10-K, filed Apr 15, 2026.
Western Uranium & Vanadium against its Miscellaneous Metal Ores peers
The largest companies of the same SEC industry, each at its latest quarter. Operating margin: -608.6% against the peers' median -228.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| WSTRF Western Uranium & Vanadium | Q2 2026 | $200K | +554% | -608.6% |
| UEC Uranium Energy | Q4 FY26 | $17.1M | — | -228.6% |
| EU enCore Energy | Q2 2026 | $15.7M | +328% | -187.9% |
Source: Western Uranium & Vanadium 10-Q on SEC EDGAR · CIK 1621906 · Miscellaneous Metal Ores
More on WSTRF
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results