Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data enCore Energy Corp. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2022
FY2023
FY2024
FY2025
Revenue
4.25
22.1
58.3
43.2
Cost of revenue
2.66
19.6
65.5
33.5
Gross profit
1.59
2.58
-7.21
9.69
General and administrative
0.2
12.4
19.9
27.1
42.6
Operating expenses
27.5
43.3
65
75.5
Operating income
-9.21
-25.9
-40.7
-72.2
-65.8
Interest expense
0
3.5
1.74
3.39
Interest income
0.42
0.39
2.48
1.72
Other non-operating income
-0.68
0
-1.74
2.26
Pre-tax income
15.3
-23.3
26.1
-73.9
-63.5
Income tax
-0.17
-0.5
-5.93
-0.49
Net income to minority interests
0
0
-6.6
-6.17
Net income
8.56
-23.2
-25.6
-61.4
-56.9
EBITDA
-8.92
-25.2
-35.1
-68.9
-60.4
EPS, basic
-0.18
-0.22
-0.18
-0.34
-0.30
EPS, diluted
-0.18
-0.22
-0.18
-0.34
-0.30
Shares, basic (weighted)
106
144
182
187
Shares, diluted (weighted)
106
144
182
187
Balance sheet
FY2022
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
13.7
57.1
7.49
39.7
52.4
Short-term investments
-0.05
-0.49
16.9
24
Receivables
0
4.94
Inventory
0.01
21
5.32
Other current assets
0.93
2.7
3.56
Total current assets
11.6
10.6
25.3
87.4
110
Property, plant and equipment
1.6
2.33
15
24
41.2
Lease right-of-use assets
0.24
0.19
0.46
0.31
3.08
Intangible assets
0.49
0.53
0.51
0.47
1.47
Long-term investments
3.05
0.84
Other non-current assets
0.09
0
0.68
Total assets
159
224
327
393
430
Accounts payable
5.84
3.11
3.58
Short-term debt
20.1
0
Total current liabilities
5.92
3.63
6.28
30.1
13.7
Lease liabilities
0.17
0.1
0.29
0.2
3.08
Total liabilities
10.3
8.48
64.6
74.2
172
Total debt
0
110
Paid-in capital
51.6
41.2
59.9
56.7
Retained earnings
-32.4
-48.9
-89.5
-151
-208
Other comprehensive income
-1.79
-3.6
-2.63
Shareholders' equity
262
286
229
Minority interests
0
32.8
29.1
Total equity
138
196
262
319
258
Total liabilities and equity
159
224
327
393
430
Shares outstanding
165
186
187
Cash flow statement
FY2022
FY2022
FY2023
FY2024
FY2025
Net income
8.56
-23.2
-25.6
-68
-63
Depreciation and amortization
0.3
0.74
5.66
3.26
5.38
Stock-based compensation
4.33
3.46
4.79
4.2
Deferred income tax
-0.17
-0.47
-5.97
-0.6
Change in receivables
0
-4.94
Change in inventory
-0.34
2.99
-7.58
11.1
Change in payables
-4.24
0.01
4.08
4.45
Cash from operations
-3.97
-20.3
-23
-45.2
-25
Capital expenditures
-0.3
-0.98
-7.73
-11.3
-20
Purchases of investments
-9.82
-9.8
-34.4
Sales and maturities of investments
0.55
20.8
Cash from investing
-6.05
-11.3
-64.6
-30
-46.2
Debt repaid
-1.72
Stock issued
0
49.4
2.01
0
Cash from financing
14.1
76
45.9
107
84.7
Exchange rate effect
-0.06
-0.21
0.29
Net change in cash
44.3
-41.7
32.2
13.5
Free cash flow
-4.27
-21.3
-30.7
-56.6
-45
Interest paid
0
2.33
Income taxes paid
0.04
0.11
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $1.24 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
10.8%
Gross profit / revenue.
Operating margin
-91.2%
Operating income / revenue.
EBITDA margin
-80.4%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-129.2%
Pre-tax income / revenue.
Net margin
-112.8%
Net income / revenue.
Operating cash flow margin
-90.3%
Cash from operations / revenue.
Return on equity (ROE)
-28.1%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-15.0%
Net income / average total assets.
Return on invested capital (ROIC)
-12.8%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
12.9%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
10.8%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-26.0%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
116.6%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 3y
82.7%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
-19.8%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
9.6%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
24.4%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
2.7%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
21.0%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
8.00x
Current assets / current liabilities.
Quick ratio
1.75x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.75x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.50x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
26.5%
Total debt / total assets.
Liabilities / assets
41.2%
Total liabilities / total assets.
Net debt
$88.6M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$0.28
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.26
Cash from operations / diluted weighted shares.
Book value per share
$1.14
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
4.36x
Market cap / revenue.
P/B
1.09x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.09x
Market cap / tangible book value, when positive.
EV/Sales
5.96x
Enterprise value / revenue.
Earnings yield
-25.9%
Net income / market cap (the inverse of P/E).
What was enCore Energy Corp.'s revenue in fiscal 2025?
enCore Energy Corp. reported revenue of $43.2M for fiscal 2025, 26% lower than the year before.
Was enCore Energy Corp. profitable in fiscal 2025?
No. It reported a net loss of $56.9M.
How much free cash flow did enCore Energy Corp. generate in fiscal 2025?
Cash from operations of $25.0M minus capital expenditures of $20.0M left free cash flow of -$45.0M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.