NASDAQ : EU
enCore Energy Corp. — Financial statements
Energy · Uranium · United States
Last price 0.788 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 152.02M
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Financial statements
enCore Energy Corp. (EU) reported revenue of 55.25M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 55.25M | 43.16M | 58.33M | 22.15M | 4.25M | |
| Cost of Revenue | 78.50M | 56.72M | 95.30M | 33.80M | 12.71M | |
| Gross Profit | -23.25M | -13.57M | -36.97M | -11.65M | -8.46M | |
| Selling, General & Admin | 48.46M | 42.61M | 27.06M | 19.91M | 12.38M | 6.16M |
| Other Operating Expenses | -1.32M | |||||
| Operating Expenses | 61.59M | 52.20M | 35.21M | 29.07M | 17.45M | 6.64M |
| Operating Income | -84.84M | -65.77M | -72.18M | -40.72M | -25.91M | -6.64M |
| Interest Expense | -6.44M | -3.39M | -1.74M | -3.50M | -7.47K | |
| Interest & Investment Income | 1.89M | 1.72M | 2.48M | 393.00K | 419.00K | 20.99K |
| Earnings From Equity Investments | -355.74K | |||||
| Currency Exchange Gain (Loss) | -58.00K | 27.27K | ||||
| Other Non Operating Income (Expenses) | -17.00K | -679.00K | -843.12K | |||
| EBT Excluding Unusual Items | -89.39M | -67.44M | -71.46M | -43.83M | -26.23M | -7.80M |
| Gain (Loss) on Sale of Investments | -16.45M | 3.93M | -2.46M | 5.92M | 1.06M | 2.08M |
| Gain (Loss) on Sale of Assets | 34.44M | 11.84M | 1.85M | -89.91K | ||
| Other Unusual Items | -2.75M | |||||
| Pretax Income | -71.40M | -63.51M | -73.92M | -26.08M | -23.32M | -8.56M |
| Income Tax Expense | -499.00K | -488.00K | -5.93M | -467.00K | -165.00K | |
| Earnings From Continuing Operations | -70.90M | -63.02M | -67.99M | -25.61M | -23.16M | -8.56M |
| Minority Interest in Earnings | 8.57M | 6.17M | 6.60M | |||
| Net Income | -62.33M | -56.86M | -61.39M | -25.61M | -23.16M | -8.56M |
| Net Income to Common | -62.33M | -56.86M | -61.39M | -25.61M | -23.16M | -8.56M |
| Shares Outstanding (Basic) | 190.00M | 186.86M | 181.98M | 144.04M | 105.53M | 65.33M |
| Shares Outstanding (Diluted) | 190.00M | 186.86M | 181.98M | 144.04M | 105.53M | 65.33M |
| EPS (Basic) | -0.33 | -0.30 | -0.34 | -0.18 | -0.22 | -0.13 |
| EPS (Diluted) | -0.33 | -0.30 | -0.34 | -0.18 | -0.22 | -0.13 |
| Free Cash Flow | -84.88M | -56.58M | -65.94M | -38.92M | -25.59M | -6.62M |
| Free Cash Flow Per Share | -0.45 | -0.30 | -0.36 | -0.27 | -0.24 | -0.10 |
| Gross Margin | -42.09% | -31.44% | -63.38% | -52.60% | -199.41% | |
| Operating Margin | -153.56% | -152.39% | -123.74% | -183.87% | -610.39% | |
| Profit Margin | -112.82% | -131.75% | -105.24% | -115.64% | -545.47% | |
| Free Cash Flow Margin | -153.64% | -131.12% | -113.05% | -175.72% | -602.87% | |
| EBITDA | -78.86M | -60.38M | -68.99M | -38.11M | -25.18M | -5.90M |
| EBITDA Margin | -142.75% | -139.93% | -118.26% | -172.07% | ||
| D&A For EBITDA | 5.97M | 5.38M | 3.20M | 2.61M | 736.00K | 744.74K |
| EBIT | -84.84M | -65.77M | -72.18M | -40.72M | -25.91M | -6.64M |
| EBIT Margin | -153.56% | -152.39% | -123.74% | -183.87% | ||
| Advertising Expenses | 166.10K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 21.81M | 52.40M | 39.70M | 7.49M | 2.51M | 9.19M |
| Short-Term Investments | 52.22M | 43.59M | 24.05M | 16.89M | 3.16M | |
| Cash & Short-Term Investments | 74.03M | 95.99M | 63.75M | 24.38M | 5.67M | 9.19M |
| Accounts Receivable | 4.94M | |||||
| Other Receivables | 1.24M | 627.18K | ||||
| Receivables | 4.94M | 1.24M | 627.18K | |||
| Inventory | 14.40M | 5.32M | 20.97M | 9.00K | 3.00M | |
| Prepaid Expenses | 11.05M | 3.56M | 2.70M | 931.00K | ||
| Other Current Assets | 728.88K | 1.74M | ||||
| Total Current Assets | 99.48M | 109.81M | 87.41M | 25.32M | 10.65M | 11.56M |
| Property, Plant & Equipment | 305.55M | 310.08M | 296.25M | 289.92M | 147.70M | 137.93M |
| Long-Term Investments | 837.00K | 3.05M | 784.83K | 4.77M | ||
| Other Intangible Assets | 1.25M | 1.47M | 471.00K | 514.00K | 567.12K | 492.00K |
| Long-Term Deferred Charges | 9.17M | |||||
| Other Long-Term Assets | 10.39M | 9.07M | 7.75M | 7.77M | 54.66M | 4.61M |
| Total Assets | 416.67M | 430.42M | 392.72M | 326.57M | 223.53M | 159.36M |
| Accounts Payable | 11.43M | 12.43M | 7.46M | 3.58M | 3.11M | 5.84M |
| Accrued Expenses | 642.00K | 1.06M | 2.38M | 2.52M | 441.37K | 6.89K |
| Short-Term Debt | 20.11M | |||||
| Current Portion of Leases | 360.00K | 186.00K | 130.00K | 178.00K | 84.26K | 82.12K |
| Total Current Liabilities | 12.43M | 13.68M | 30.08M | 6.28M | 3.63M | 5.92M |
| Long-Term Debt | 110.46M | 109.99M | 19.24M | |||
| Long-Term Leases | 2.85M | 3.08M | 202.00K | 294.00K | 96.17K | 167.39K |
| Long-Term Deferred Tax Liabilities | 26.19M | 26.38M | 26.98M | 27.96M | ||
| Other Long-Term Liabilities | 19.57M | 18.91M | 16.92M | 10.83M | 4.75M | 4.18M |
| Total Liabilities | 171.50M | 172.04M | 74.18M | 64.60M | 8.48M | 10.27M |
| Common Stock | 409.62M | 382.84M | 380.32M | 308.20M | 190.61M | 162.58M |
| Additional Paid-In Capital | 52.47M | 56.73M | 59.86M | 41.20M | 16.22M | 12.66M |
| Retained Earnings | -243.75M | -207.70M | -150.85M | -89.46M | -48.87M | -32.35M |
| Comprehensive Income & Other | 3.57M | -2.63M | -3.60M | 2.02M | 57.09M | 6.20M |
| Total Common Equity | 221.92M | 229.25M | 285.74M | 261.97M | 215.05M | 149.09M |
| Minority Interest | 23.25M | 29.14M | 32.81M | |||
| Shareholders' Equity | 245.17M | 258.38M | 318.54M | 261.97M | 215.05M | 149.09M |
| Total Liabilities & Equity | 416.67M | 430.42M | 392.72M | 326.57M | 223.53M | 159.36M |
| Total Debt | 113.67M | 113.25M | 20.44M | 19.71M | 180.43K | 249.51K |
| Net Cash (Debt) | -39.64M | -17.25M | 44.14M | 7.71M | 6.28M | 8.94M |
| Net Cash Per Share | -0.21 | -0.09 | 0.24 | 0.05 | 0.06 | 0.14 |
| Filing Date Shares Outstanding | 194.28M | 194.22M | 186.26M | 181.34M | 143.23M | 106.65M |
| Total Common Shares Outstanding | 194.25M | 187.35M | 186.11M | 165.13M | 108.94M | 98.90M |
| Working Capital | 87.05M | 96.13M | 57.33M | 19.04M | 7.02M | 5.63M |
| Book Value Per Share | 1.14 | 1.22 | 1.54 | 1.59 | 1.97 | 1.51 |
| Tangible Book Value | 220.67M | 227.78M | 285.26M | 261.45M | 214.48M | 148.60M |
| Tangible Book Value Per Share | 1.14 | 1.22 | 1.53 | 1.58 | 1.97 | 1.50 |
| Buildings | 401.00K | 60.63K | ||||
| Machinery | 12.20M | 12.20M | 8.29M | 4.33M | 1.93M | |
| Construction In Progress | 13.15M | 13.36M | 10.04M | 5.37M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -62.33M | -56.86M | -61.39M | -25.61M | -23.16M | -8.56M |
| Depreciation & Amortization | 5.97M | 5.38M | 3.20M | 2.61M | 736.00K | 777.83K |
| Other Amortization | 801.00K | 329.00K | ||||
| Loss (Gain) From Sale of Assets | -34.44M | -11.84M | -1.85M | 89.91K | ||
| Loss (Gain) From Sale of Investments | 16.45M | -3.93M | 2.46M | -5.92M | -1.06M | -2.08M |
| Loss (Gain) on Equity Investments | 564.00K | 355.74K | ||||
| Stock-Based Compensation | 7.15M | 4.20M | 4.79M | 3.46M | 4.94M | 1.43M |
| Other Operating Activities | 16.09M | 8.93M | 9.70M | 11.04M | 4.46M | -1.70M |
| Change in Accounts Receivable | -4.94M | 356.00K | -618.00K | -203.16K | ||
| Change in Inventory | -10.68M | 11.11M | -7.58M | 2.99M | -344.00K | |
| Change in Accounts Payable | 2.45M | 4.45M | 4.08M | 14.00K | -4.24M | 5.92M |
| Change in Other Net Operating Assets | 8.67M | 6.34M | -464.00K | 375.00K | 423.00K | 4.56K |
| Operating Cash Flow | -49.87M | -24.99M | -45.20M | -22.99M | -20.31M | -3.97M |
| Capital Expenditures | -35.02M | -31.59M | -20.74M | -15.93M | -5.28M | -2.66M |
| Sale of Property, Plant & Equipment | 3.53M | 48.00K | 105.60K | |||
| Cash Acquisitions | -52.21M | -6.01M | -1.39M | |||
| Sale (Purchase) of Intangibles | -1.00M | -55.00K | -17.24K | |||
| Investment in Securities | -20.58M | -13.63M | -9.25M | -2.10M | ||
| Other Investing Activities | 9.80K | |||||
| Investing Cash Flow | -55.59M | -46.22M | -29.99M | -64.62M | -11.30M | -6.05M |
| Long-Term Debt Issued | 115.00M | |||||
| Short-Term Debt Repaid | -20.11M | |||||
| Long-Term Debt Repaid | -40.00M | -37.59K | ||||
| Lease Payments | -37.59K | |||||
| Total Debt Repaid | -20.11M | -20.11M | -40.00M | -37.59K | ||
| Net Debt Issued (Repaid) | 94.89M | 94.89M | -40.00M | -37.59K | ||
| Issuance of Common Stock | 18.59M | 1.57M | 39.24M | 85.18M | 75.03M | 14.89M |
| Other Financing Activities | -17.35M | -11.72M | 68.18M | 722.00K | 926.00K | -762.90K |
| Financing Cash Flow | 96.14M | 84.74M | 107.42M | 45.90M | 75.96M | 14.09M |
| Foreign Exchange Rate Adjustments | 6.01M | -185.00K | 56.00K | -205.00K | -972.00K | -61.83K |
| Net Cash Flow | -3.31M | 13.34M | 32.28M | -41.91M | 43.38M | 4.01M |
| Free Cash Flow | -84.88M | -56.58M | -65.94M | -38.92M | -25.59M | -6.62M |
| Free Cash Flow Margin | -153.64% | -131.12% | -113.05% | -175.72% | -602.87% | |
| Free Cash Flow Per Share | -0.45 | -0.30 | -0.36 | -0.27 | -0.24 | -0.10 |
| Levered Free Cash Flow | -89.45M | -52.40M | -77.94M | -30.91M | -20.75M | -1.27M |
| Unlevered Free Cash Flow | -86.23M | -50.61M | -76.86M | -28.72M | -20.75M | -1.27M |
| Free Cash Flow After Leases | -84.88M | -56.58M | -65.94M | -38.92M | -25.59M | -6.66M |
| Cash Interest Paid | 3.56M | 2.33M | 1.72M | |||
| Change in Working Capital | 432.00K | 16.95M | -3.96M | 3.27M | -4.95M | 5.72M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 136.46M | 446.65M | 627.26M | 647.06M | 256.47M | 253.97M |
| Enterprise Value | 200.47M | 469.78M | 619.37M | 665.81M | 240.08M | 245.02M |
| Last Close Price | 0.71 | 2.39 | 3.29 | 3.79 | 2.28 | 3.73 |
| PS Ratio | 2.47 | 10.35 | 10.75 | 29.21 | 60.42 | |
| PB Ratio | 0.56 | 1.73 | 1.97 | 2.47 | 1.19 | 1.70 |
| P/TBV Ratio | 0.62 | 1.96 | 2.20 | 2.48 | 1.20 | 1.71 |
| EV/Sales Ratio | 3.63 | 10.89 | 10.62 | 30.06 | 56.55 | |
| Debt / Equity Ratio | 0.46 | 0.44 | 0.06 | 0.07 | 0.00 | 0.00 |
| Net Debt / Equity Ratio | 0.16 | 0.07 | -0.14 | -0.03 | -0.03 | -0.06 |
| Net Debt / EBITDA Ratio | -0.50 | -0.29 | 0.64 | 0.20 | 0.25 | 1.51 |
| Net Debt / FCF Ratio | -0.47 | -0.30 | 0.67 | 0.20 | 0.24 | 1.35 |
| Asset Turnover | 0.14 | 0.10 | 0.16 | 0.08 | 0.02 | |
| Inventory Turnover | 6.52 | 4.32 | 9.09 | 22.46 | ||
| Quick Ratio | 5.95 | 7.38 | 2.12 | 3.88 | 1.91 | 1.66 |
| Current Ratio | 8.00 | 8.03 | 2.91 | 4.03 | 2.93 | 1.95 |
| Return on Equity (ROE) | -26.26% | -21.85% | -23.43% | -10.74% | -12.72% | -10.60% |
| Return on Assets (ROA) | -13.66% | -9.99% | -12.54% | -9.25% | -8.46% | -4.67% |
| Return on Capital Employed (ROCE) | -21.00% | -15.80% | -19.90% | -12.70% | -11.80% | -4.30% |
| Earnings Yield | -46.97% | -12.73% | -9.79% | -3.96% | -9.03% | -3.37% |
| FCF Yield | -62.20% | -12.67% | -10.51% | -6.02% | -9.98% | -2.61% |
| Buyback Yield / Dilution | -2.11% | -2.68% | -26.34% | -36.50% | -61.54% | -29.56% |