Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data UR-ENERGY INC 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
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
27.3
38.4
23.5
32.3
8.32
0.02
0.02
17.7
33.7
27.2
Cost of revenue
15.8
24.4
12.2
30.3
13
7
6.86
19.4
42.7
27.1
Gross profit
11.5
14
11.3
1.98
-4.65
-6.98
-6.84
-1.69
-8.97
0.07
Research and development
2.89
4.34
1.65
1.4
General and administrative
4.74
5.09
5.39
5.8
5.2
5.33
6.04
6.15
8.04
8.88
Operating expenses
9.99
-10.3
8.69
9.77
13
29.2
54.1
69.5
Operating income
0.27
1.39
1.31
-8.28
-13.3
-16.8
-19.8
-30.8
-63.1
-69.4
Interest expense
1
0.67
0.71
0.73
0.46
0.6
0.34
1.95
Interest income
3.68
2.41
Other non-operating income
0.02
0.12
3.61
0.04
0.91
1.26
-0.02
0.04
0.17
Pre-tax income
-3.03
0.08
4.53
-8.43
-14.7
-22.9
-17.1
-30.7
-53.2
-74.9
Income tax
-0.02
Net income
-3.01
0.08
4.53
-8.42
-14.8
-22.9
-17.1
-30.7
-53.2
-74.9
EBITDA
5.42
6.28
4.91
-3.87
-11.5
-15
-18
-28.7
-60.4
-65.6
EPS, basic
-0.02
0.00
0.03
-0.05
-0.09
-0.12
-0.08
-0.12
-0.17
-0.20
EPS, diluted
-0.02
0.00
0.03
-0.05
-0.09
-0.12
-0.08
-0.12
-0.17
-0.20
Shares, basic (weighted)
142
146
150
160
164
196
220
260
318
368
Shares, diluted (weighted)
142
148
152
160
164,257
196
220
260
318
368
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
1.55
3.88
6.37
7.4
4.27
46.2
33
59.7
76.1
124
Receivables
0.01
0.03
0.01
0.02
0
0
0.01
0
16.5
Inventory
4.11
4.52
14.7
7.43
7.81
7.92
9.9
2.57
20.7
24.3
Other current assets
0.83
0.74
0.85
0.89
0.81
0.89
1.04
1.32
1.6
1.57
Total current assets
6.51
9.17
9.09
8.31
5.08
48.6
43.9
63.7
115
150
Property, plant and equipment
28.8
27
25.2
23.6
21.9
21.3
20.1
21
27.3
49.7
Total assets
89.9
88.4
100
90.4
81.8
121
108
128
194
272
Accounts payable
0.73
0.84
0.62
0.52
0.4
0.85
0.66
1.68
3.29
8.4
Short-term debt
4.62
4.77
5.06
0
0
1.31
5.41
5.73
Total current liabilities
8.21
7.89
7.48
2.28
3.58
6.22
6.6
10
19.3
27.7
Long-term debt
19.4
14.7
9.6
0
0.4
11.1
Lease liabilities
0.01
0.05
0.02
0.02
0.69
Other non-current liabilities
1.05
0.58
Total liabilities
53.7
49.6
48.5
46.1
47.7
51.5
45.4
53.5
61.3
195
Total debt
24.5
19.9
15
12.4
13.3
12.4
Paid-in capital
15.2
15.5
19.9
20.3
20.9
19.9
19.5
19.6
Retained earnings
-162
-162
-157
-165
-180
-203
-220
-251
-304
-379
Other comprehensive income
3.6
3.66
3.67
3.65
3.71
4.14
4.27
3.72
4.19
4.04
Shareholders' equity
36.2
38.8
51.8
44.3
34.1
69.4
62.5
74.9
133
77.5
Total equity
36.2
38.8
51.8
44.3
34.1
69.4
62.5
74.9
133
77.5
Total liabilities and equity
89.9
88.4
100
90.4
81.8
121
108
128
194
272
Shares outstanding
144
147
160
160
217
225
271
364
378
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-3.01
0.08
4.53
-8.42
-14.8
22.9
17.1
-30.7
-53.2
-74.9
Depreciation and amortization
5.14
4.89
3.6
4.41
1.82
1.79
1.77
2.17
2.74
3.82
Stock-based compensation
0.86
0.89
0.9
0.79
0.95
1.08
1.14
1.03
2.39
1.9
Change in receivables
-0.01
-0.02
-0
-0.01
-0.02
0
0
0
-16.5
16.5
Change in inventory
-0.77
-3
10.5
3
8.19
-7.11
-8.84
-3.36
-24.2
-6.25
Change in payables
-0.77
-0.61
-0.71
-0.2
0.11
0.54
-1.7
0.99
2.1
1.47
Cash from operations
3.39
5.63
-5.36
3.99
-8.44
-11.7
-18.1
-17
-71.9
-43.1
Capital expenditures
-0.3
-0.18
0.06
-0.27
-0.04
-1.19
-0.71
-2.04
-9.05
-23.6
Cash from investing
-0.21
-0.2
4.42
-0.24
-0.03
-1.19
-0.71
-2.04
-9.05
-23.6
Debt issued
0
0
0.89
0
0
Debt repaid
0
-1.31
-5.41
-5.73
Stock issued
0.11
0.54
0.29
0.2
0.1
48.8
3.78
53.1
97.6
16
Cash from financing
-3.04
-3.1
3.45
-2.42
5.33
54.9
5.89
46.1
99.9
115
Exchange rate effect
-0.03
0.01
-0.11
0.06
0.05
0.05
-0.11
0.05
-0.1
0.09
Net change in cash
0.11
2.33
-2.39
1.39
-3.09
42
-13
27.1
18.8
48.3
Free cash flow
3.09
5.45
-5.31
3.72
-8.49
-12.9
-18.8
-19
-81
-66.7
Interest paid
1.83
0.3
1.2
Income taxes paid
0.03
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2026; growth uses fiscal years. Valuation uses the share price of $0.68 on November 10, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
7.9%
Gross profit / revenue.
Operating margin
-203.5%
Operating income / revenue.
EBITDA margin
-192.7%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-191.3%
Net income / revenue.
FCF margin
-315.5%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-199.3%
Cash from operations / revenue.
Return on equity (ROE)
-148.9%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-32.1%
Net income / average total assets.
Return on invested capital (ROIC)
-2,416.0%
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
2.6%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
116.2%
Capital expenditures / revenue.
D&A / revenue
10.7%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-19.3%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
1,027.0%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
26.8%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y
-41.7%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
7.4%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
17.8%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
40.4%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
36.2%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
27.2%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
16.0%
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
18.7%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
-70.5%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
5.05x
Current assets / current liabilities.
Quick ratio
3.55x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
3.14x
(Cash + short-term investments) / current liabilities.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.20
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
$0.10
Revenue / diluted weighted shares.
FCF per share
-$0.33
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.21
Cash from operations / diluted weighted shares.
Book value per share
$0.14
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
6.54x
Market cap / revenue.
P/B
5.10x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
5.10x
Market cap / tangible book value, when positive.
EV/Sales
5.32x
Enterprise value / revenue.
FCF yield
-48.2%
Free cash flow / market cap.
Earnings yield
-29.2%
Net income / market cap (the inverse of P/E).
What was UR-ENERGY INC's revenue in fiscal 2025?
UR-ENERGY INC reported revenue of $27.2M for fiscal 2025, 19.3% lower than the year before.
Was UR-ENERGY INC profitable in fiscal 2025?
No. It reported a net loss of $74.9M.
How much free cash flow did UR-ENERGY INC generate in fiscal 2025?
Cash from operations of $43.1M minus capital expenditures of $23.6M left free cash flow of -$66.7M.
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.