UEC URANIUM ENERGY CORP

Overview and Growth

URANIUM ENERGY CORP generated $37.25M of revenue in fiscal 2026, with net loss of $137.31M and an operating cash outflow of $98.56M. The $37.25M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $66.84M in fiscal 2025, revenue decreased 44.3%, a top-line contraction that reduced operating scale. The company reported diluted EPS of -$0.28, adding a shareholder-level measure to the absolute income figures considered below. A diluted share base of 484.41M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. The company employed $1.51B of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.02x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $16.89M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 45.4% of revenue, showing how much of the top line remained after direct costs. The company recorded an operating loss of $133.15M after the reported operating expense base. Relative to revenue, the operating deficit measured 357.4%, showing the shortfall after operating costs. After all below-operating-line items, the company recorded a net loss of $137.31M for the fiscal year. Measured against revenue, the bottom-line deficit represented 368.6% after all recognized items. EBITDA was negative $126.23M, showing a deficit before interest, taxes, depreciation, and amortization. The company reported a pretax loss of $139.88M, before the effect of income taxes. Pretax margin was -375.5%, reflecting a pre-tax loss equal to 375.5% of revenue. The company recognized an income-tax benefit of $2.57M, increasing after-tax earnings relative to the pretax result. The net loss equaled 10.0% of period-end equity, showing the deficit relative to book capital. The net loss equaled 9.1% of period-end assets, showing the deficit relative to the asset base. The net loss widened to $137.31M from $87.66M in fiscal 2025.

Liquidity and Capital Structure

The company held $1.51B of assets against $136.11M of liabilities and $1.38B of equity, revealing how the asset base was financed. The near-term balance sheet paired $581.30M of current assets with $33.69M of current liabilities at the reporting date. The current ratio was 17.26x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Reported cash and equivalents were $495.46M, separating immediately recognizable cash resources from the rest of the current-asset base. Equity equaled 91.0% of assets, showing the shareholder-capital layer within the company’s balance sheet. The liabilities-to-assets relationship was 9.0%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 32.8%, a balance-sheet composition measure rather than a liquidity forecast. The asset base changed 36.4% from $1.11B in fiscal 2025, leaving current total assets higher year over year. Reported equity changed 39.8% from $983.90M in fiscal 2025, placing the current capital base higher year over year. Compared with $148.93M in fiscal 2025, the current cash balance moved 232.7% and finished higher.

Cash Flow and Earnings Quality

Operating activities used $98.56M of cash, resulting in an operating cash outflow for the year. Capital expenditures used $8.78M in addition to the operating cash outflow, increasing the total cash consumed by operations and investment during the period. Negative free cash flow was $107.34M, leaving a cash deficit after capital spending and reducing financial flexibility. The free-cash-flow deficit equaled 288.2% of revenue, showing the post-investment cash shortfall relative to sales. Relative to total assets, the post-investment cash deficit measured 7.1%. The operating cash outflow widened to $98.56M from $64.46M in fiscal 2025.

Based on the annual report for the fiscal year ending Jul 31, 2026. Analysis generated Oct 21, 2026.