Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ENERGY FUELS 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
54.6
31
31.7
5.87
1.66
3.18
12.5
37.9
78.1
65.9
Cost of revenue
35.5
19.4
14.8
3.95
0
1.81
7.84
18.2
55.9
52.2
Gross profit
19.1
11.6
17
1.92
1.66
1.37
4.67
19.7
22.2
13.8
Selling, general and administrative
14.4
15.3
25.5
27.9
36.6
64.8
General and administrative
15.5
14.9
14.2
14.3
14.3
15.3
Operating income
-38.8
-28.5
-21.3
-40.6
-24.6
-35.4
-44.9
-32.4
-47.5
-101
Interest expense
2.29
2.1
1.72
1.49
0.95
0.05
2.33
Interest income
0.14
0.16
0.34
0.48
0.15
0.04
Other non-operating income
1.2
2.57
-2.33
3.98
-3.25
36.9
-15
132
-0.7
14.1
Pre-tax income
-39.9
-28
-25.4
-38.1
-27.9
1.45
-59.9
100
-48.2
-87.1
Income tax
0
0
0
0
0
0
0
0.28
-0.37
-0.98
Net income to minority interests
0.45
0.22
0.12
0.12
0.1
0.09
-0.1
-0.11
-0.08
-0.48
Net income
-39.9
-28
-25.4
-38.1
-27.9
1.45
-59.8
99.9
-47.8
-85.6
EBITDA
-34.5
-23.8
-17.5
-39.4
-21.9
-32.2
-41.7
-29.6
-44.4
-95.7
EPS, basic
-0.70
-0.39
-0.30
-0.40
-0.23
0.01
-0.38
0.63
-0.28
-0.38
EPS, diluted
-0.70
-0.39
-0.30
-0.40
-0.23
0.01
-0.38
0.62
-0.28
-0.38
Shares, basic (weighted)
56.4
70.9
83.5
95.7
121
147
157
159
172
225
Shares, diluted (weighted)
56.4
70.9
83.5
0
121
150
157
160
172
225
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
16.9
18.6
14.6
12.8
20.2
113
62.8
57.4
38.6
64.7
Short-term investments
25.6
Receivables
0.36
1.25
1.19
1.25
1.17
3.95
0.52
0.82
37.8
18
Inventory
16.8
16.6
18.3
24
28.9
32.1
40.6
40.7
66.5
73.5
Other current assets
2.1
0.78
1.41
1.46
1.31
1.57
9.53
2.52
6.46
5.32
Total current assets
36.1
43.2
60.9
43.2
52.5
149
136
233
230
959
Property, plant and equipment
37.6
33.1
29.8
26.2
23.6
22
12.7
26.1
55.2
69.8
Lease right-of-use assets
0
0.92
0.66
0.41
1.38
1.22
Intangible assets
5.8
2.5
0
0
4.77
4.37
Long-term investments
0
10.2
Other non-current assets
2.75
7.61
6.52
Total assets
196
185
197
176
183
315
274
402
612
1,412
Accounts payable
1.15
0.76
1.88
2.03
1.11
3.04
1.85
1.01
7.51
5.29
Accrued liabilities
1.37
0.84
1.93
1.59
1.51
1.99
2.93
4.16
6.56
7.8
Deferred revenue
0
2.72
0
0
0.81
0
Short-term debt
0
16.9
0
Total current liabilities
12.1
9.9
8.85
22.6
12.3
6.12
18.6
10.4
59.3
31.2
Long-term debt
0
676
Lease liabilities
0
0.76
0.47
0.15
1.32
1.12
1.49
0.95
Other non-current liabilities
1.12
1.49
0.95
Total liabilities
58.6
58.1
51.9
45.1
25.7
19.9
29.5
22.7
80.3
729
Total debt
23.2
24.1
15.9
0
0
676
Retained earnings
-282
-309
-332
-370
-398
-396
-456
-356
-404
-490
Other comprehensive income
3.31
2.29
3.84
2.99
2.31
1.94
-1.95
-1.95
-6.07
-2.9
Shareholders' equity
134
123
141
127
154
292
240
375
528
678
Minority interests
3.74
3.88
3.77
3.7
3.73
3.95
3.98
3.96
3.88
4.17
Total equity
138
127
145
131
158
296
244
379
532
683
Total liabilities and equity
196
185
197
176
183
315
274
402
612
1,412
Shares outstanding
46.5
66.2
91.4
101
134
156
158
163
199
240
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-39.9
-28
-25.4
-38.1
-27.9
1.45
-59.9
99.8
-47.8
-86.1
Depreciation and amortization
4.26
4.64
3.79
1.21
2.7
3.19
3.27
2.75
3.13
5.43
Stock-based compensation
2.66
3.53
2.76
3.77
2.6
2.16
4.64
4.63
5.41
12.6
Change in inventory
13.2
0.07
-4.3
-18.5
-6.1
-3.22
-8.57
-0.1
13
-0.77
Change in payables
-4.01
-1.41
-0.61
-3.2
-3.08
2.14
1.67
2.81
-3.26
-8.48
Cash from operations
-12
-10.3
-7.78
-44.4
-32.2
-29.3
-49.7
-15.4
-44
-89.5
Capital expenditures
-0.26
0
-0.11
0
-0.63
-1.37
-2
-15.4
-22.2
-19.3
Purchases of investments
0
0
-25.6
0
0
0
-11.4
-175
-237
-960
Sales and maturities of investments
0
0
2.55
22.6
4.21
2.55
0
79
283
243
Cash from investing
3.93
0
-20.2
22.6
3.58
3.19
-7.07
-23.9
-13.3
-778
Debt issued
0
0
700
Debt repaid
-3.17
-4.1
-10.9
-0.32
-16
0
0
Stock issued
0
0
0.76
0.15
0.49
2.38
0.75
0.97
0.36
1.97
Cash from financing
22.2
10.4
21.6
20.4
36.6
118
7.87
30.4
15.6
895
Exchange rate effect
0.06
0.54
-0.07
0.04
0.11
0.01
-0.07
0.01
-1.74
1.17
Net change in cash
-6.41
-1.4
8.09
91.8
-52.6
-5.25
-16.4
28.6
Free cash flow
-12.3
-10.3
-7.89
-44.4
-32.8
-30.7
-51.7
-30.8
-66.1
-109
Interest paid
2.03
2.1
1.72
1.49
0.95
0.05
0.03
0.19
0.2
0.21
Income taxes paid
0
0
1.89
0.1
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 $11.35 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
40.9%
Gross profit / revenue.
Operating margin
-91.0%
Operating income / revenue.
EBITDA margin
-85.7%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-77.8%
Pre-tax income / revenue.
Net margin
-77.3%
Net income / revenue.
Operating cash flow margin
-59.1%
Cash from operations / revenue.
Return on equity (ROE)
-10.3%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-5.3%
Net income / average total assets.
Return on invested capital (ROIC)
-5.4%
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%.
SG&A / revenue
66.6%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
13.5%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
5.3%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-15.6%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
74.0%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
108.9%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
-38.0%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
43.3%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y
52.7%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y
28.5%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
41.3%
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
34.6%
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
130.7%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
72.7%
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
50.4%
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
30.7%
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
12.6%
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
13.1%
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
27.9x
Current assets / current liabilities.
Quick ratio
1.98x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.58x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.86x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
44.2%
Total debt / total assets.
Liabilities / assets
48.0%
Total liabilities / total assets.
Net debt
$619.3M
Total debt - cash - short-term investments. Negative means more cash than debt.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.33
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
$0.42
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.25
Cash from operations / diluted weighted shares.
Book value per share
$3.17
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
26.8x
Market cap / revenue.
P/B
3.58x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
3.60x
Market cap / tangible book value, when positive.
EV/Sales
32.7x
Enterprise value / revenue.
Earnings yield
-2.9%
Net income / market cap (the inverse of P/E).
What was ENERGY FUELS INC's revenue in fiscal 2025?
ENERGY FUELS INC reported revenue of $65.9M for fiscal 2025, 15.6% lower than the year before.
Was ENERGY FUELS INC profitable in fiscal 2025?
No. It reported a net loss of $85.6M.
How much free cash flow did ENERGY FUELS INC generate in fiscal 2025?
Cash from operations of $89.5M minus capital expenditures of $19.3M left free cash flow of -$108.7M.
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.