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Western Uranium & Vanadium (WSTRF) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 14, 2025

Western Uranium & Vanadium (WSTRF) reported revenue of $31K for the second quarter 2025 (Q2 2025), -23% from a year earlier and -26% from the quarter before.

Revenue$31K
Year over year-23%
Quarter over quarter-26%
Operating margin—
Net earnings−$2.0M

Western Uranium & Vanadium, Q2 2025: revenue $31K (-23% year over year), net loss $2.0M, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$31K-26%-23%
Operating profit−$2.0M——
Net earnings−$2.0M——
Operating cash flow−$1.4M——

What changed

Revenue was $31K in Q2 2025, down 23% year over year and down 26% from the previous quarter.

Operating costs exceeded revenue by $2.0M, an operating margin of -6485.6%. Total costs fell 27% while revenue fell 23%. The quarter ended with a net loss of $2.0M, narrower than the previous quarter's $2.6M loss.

Operating cash flow was −$1.4M. Non-cash charges added back $204K of depreciation and $150K of share-based compensation. Working capital and other items added $236K. Capital expenditures of $210K exceeded it, leaving free cash flow of −$1.6M.

Questions

What was Western Uranium & Vanadium's revenue in the second quarter 2025?

Western Uranium & Vanadium (WSTRF) reported revenue of $31K for the second quarter 2025 (Q2 2025), -23% from a year earlier and -26% from the quarter before.

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Source: Western Uranium & Vanadium 10-Q on SEC EDGAR.