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enCore Energy (EU) Financials

enCore Energy logo
$1.29 0.00 (0.00%)
Closing price 07/2/2026 04:00 PM Eastern
Extended Trading
$1.31 +0.02 (+1.71%)
As of 07/2/2026 07:58 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for enCore Energy

Annual Income Statements for enCore Energy

This table shows enCore Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -5.79 -23 -26 -61 -57
Consolidated Net Income / (Loss)		 -8.56 -23 -26 -68 -63
Net Income / (Loss) Continuing Operations		 -5.79 -23 -26 -68 -63
Total Pre-Tax Income 		-5.79 -23 -26 -74 -64
Total Operating Income		 -5.72 -26 -41 -72 -66
Total Gross Profit		 -0.03 1.59 2.58 -7.21 9.69
Total Revenue		 0.00 4.25 22 58 43
Operating Revenue		 - 4.25 22 58 43
Total Cost of Revenue		 0.03 2.66 20 66 33
Operating Cost of Revenue		 0.03 2.66 20 66 33
Total Operating Expenses		 5.70 28 43 65 75
Selling, General & Admin Expense		 5.12 17 23 32 47
Depreciation Expense		 - 0.74 5.70 3.37 5.38
Other Operating Expenses / (Income)		 0.58 10 14 30 23
Total Other Income / (Expense), net		 -0.06 2.59 15 -1.74 2.26
Interest Expense		 0.09 0.00 3.50 1.74 3.39
Interest & Investment Income		 - 1.48 0.39 2.48 1.72
Other Income / (Expense), net		 0.03 1.12 18 -2.48 3.93
Income Tax Expense		 - -0.17 -0.47 -5.93 -0.49
Net Income / (Loss) Attributable to Noncontrolling Interest		 - 0.00 0.00 -6.60 -6.17
Basic Earnings per Share		 - ($0.22) ($0.18) ($0.34) ($0.30)
Weighted Average Basic Shares Outstanding		 65.33M 105.53M 144.04M 181.98M 186.86M
Diluted Earnings per Share		 - ($0.22) ($0.18) ($0.34) ($0.30)
Weighted Average Diluted Shares Outstanding		 65.33M 105.53M 144.04M 181.98M 186.86M
Weighted Average Basic & Diluted Shares Outstanding		 65.33M 105.53M 144.04M 186.26M 194.22M

Quarterly Income Statements for enCore Energy

This table shows enCore Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -7.28 -22 -16 -16 -24 -6.33 -4.76 -22 5.40
Consolidated Net Income / (Loss)		 -7.74 -24 -18 -18 -25 -8.84 -6.39 -22 2.51
Net Income / (Loss) Continuing Operations		 -7.74 -24 -18 -18 -25 -8.84 -6.39 -22 2.51
Total Pre-Tax Income 		-13 -24 -19 -19 -26 -8.84 -6.33 -23 2.32
Total Operating Income		 -12 -23 -17 -20 -16 -19 -14 -17 9.96
Total Gross Profit		 -0.47 -5.11 -1.34 -0.29 -0.02 1.13 3.89 4.69 -0.06
Total Revenue		 30 5.32 9.26 13 18 3.66 8.88 12 18
Operating Revenue		 30 5.32 9.26 13 18 3.66 8.88 12 18
Total Cost of Revenue		 31 10 11 14 18 2.53 4.99 7.68 18
Operating Cost of Revenue		 31 10 11 14 18 2.53 4.99 7.68 18
Total Operating Expenses		 12 18 16 19 16 20 18 22 -10
Selling, General & Admin Expense		 6.32 5.92 11 8.62 8.91 11 12 15 13
Depreciation Expense		 0.84 0.78 0.79 0.96 1.15 1.18 1.25 1.81 1.23
Other Operating Expenses / (Income)		 4.65 11 4.24 9.71 5.54 8.39 4.33 5.00 11
Other Special Charges / (Income)		 - - - - 0.00 - - - -34
Total Other Income / (Expense), net		 -0.55 -0.93 -1.27 1.01 -9.94 10 7.71 -5.95 -7.64
Interest Expense		 0.40 0.45 0.45 0.45 0.35 0.24 1.05 1.75 1.82
Interest & Investment Income		 0.44 0.91 0.65 0.48 0.28 0.20 0.54 0.69 0.39
Other Income / (Expense), net		 -0.59 -1.40 -1.47 0.98 -9.88 10 8.22 -4.89 -6.21
Income Tax Expense		 -5.08 -0.28 -0.28 -0.28 -0.18 0.00 0.06 -0.36 -0.19
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.46 -1.60 -2.49 -2.05 -1.14 -2.51 -1.63 -0.89 -2.89
Basic Earnings per Share		 ($0.04) ($0.12) ($0.09) ($0.09) ($0.13) ($0.03) ($0.03) ($0.11) $0.03
Weighted Average Basic Shares Outstanding		 173.49M 183.24M 185.18M 181.98M 186.22M 186.88M 187.36M 186.86M 191.42M
Diluted Earnings per Share		 ($0.04) ($0.12) ($0.09) ($0.09) ($0.13) ($0.03) ($0.03) ($0.11) $0.03
Weighted Average Diluted Shares Outstanding		 173.49M 183.24M 185.18M 181.98M 186.22M 186.88M 187.36M 186.86M 191.42M
Weighted Average Basic & Diluted Shares Outstanding		 - - - 186.26M 186.26M 187.09M 187.25M 194.22M 194.23M

Annual Cash Flow Statements for enCore Energy

This table details how cash moves in and out of enCore Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 6.21 44 -42 32 14
Net Cash From Operating Activities		 -3.86 -20 -23 -45 -25
Net Cash From Continuing Operating Activities		 -3.86 -20 -23 -45 -25
Net Income / (Loss) Continuing Operations		 -8.56 -23 -26 -68 -63
Consolidated Net Income / (Loss)		 -8.56 -23 -26 -68 -63
Depreciation Expense		 0.30 0.74 5.66 3.26 5.38
Amortization Expense		 - - - 0.00 0.33
Non-Cash Adjustments To Reconcile Net Income		 -5.52 7.48 -5.93 29 14
Changes in Operating Assets and Liabilities, net		 9.93 -5.37 2.89 -9.87 18
Net Cash From Investing Activities		 -6.05 -11 -65 -30 -46
Net Cash From Continuing Investing Activities		 -4.78 -11 -65 -30 -46
Purchase of Property, Plant & Equipment		 -2.66 -5.28 -16 -21 -32
Acquisitions		 -0.02 -6.06 -52 - -1.00
Purchase of Investments		 -9.08 0.00 0.00 -9.80 -34
Sale and/or Maturity of Investments		 6.98 0.00 0.00 0.55 21
Net Cash From Financing Activities		 14 76 46 107 85
Net Cash From Continuing Financing Activities		 15 76 46 107 85
Repayment of Debt		 -0.04 -1.72 -40 0.00 -25
Repurchase of Common Equity		 - -1.53 -4.63 -0.05 0.00
Issuance of Debt		 - - - 0.00 115
Issuance of Common Equity		 12 24 75 20 5.63
Other Financing Activities, net		 2.92 55 16 87 -10
Cash Interest Paid		 0.02 - - 0.00 2.33

Quarterly Cash Flow Statements for enCore Energy

This table details how cash moves in and out of enCore Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 82 -33 -9.50 -6.58 -10 -3.17 66 -39 -9.45
Net Cash From Operating Activities		 -3.05 -37 -5.47 0.39 -7.74 -9.89 -20 13 -21
Net Cash From Continuing Operating Activities		 -3.05 -37 -5.47 0.39 -7.74 -9.89 -20 13 -21
Net Income / (Loss) Continuing Operations		 -7.74 -24 -18 -18 -25 -8.84 -6.39 -22 2.51
Consolidated Net Income / (Loss)		 -7.74 -24 -18 -18 -25 -8.84 -6.39 -22 2.51
Depreciation Expense		 0.75 0.78 0.88 0.85 1.15 0.17 1.25 1.80 1.23
Amortization Expense		 - - - - 0.00 - - 0.21 0.23
Non-Cash Adjustments To Reconcile Net Income		 25 10 5.47 -11 2.42 -3.56 -15 31 -17
Changes in Operating Assets and Liabilities, net		 -21 -24 6.52 28 14 2.33 0.09 1.85 -8.45
Net Cash From Investing Activities		 -5.09 -5.82 -7.46 -12 -7.71 5.60 -12 -33 -5.97
Net Cash From Continuing Investing Activities		 -5.09 -5.82 -7.46 -12 -7.71 5.60 -12 -33 -5.97
Purchase of Property, Plant & Equipment		 -4.88 -5.83 -2.17 -7.86 -3.96 -12 -7.31 -8.72 -1.00
Purchase of Investments		 -0.76 0.01 -5.29 -3.75 0.00 - -5.44 -29 -6.07
Sale and/or Maturity of Investments		 0.55 0.00 - -0.00 0.00 14 1.15 5.17 9.73
Other Investing Activities, net		 - - - - -3.75 - - - -8.63
Net Cash From Financing Activities		 90 9.53 3.44 4.65 5.42 1.13 98 -20 18
Net Cash From Continuing Financing Activities		 90 9.53 3.44 4.65 5.42 1.13 98 -20 18
Issuance of Common Equity		 32 -17 1.50 2.86 5.05 0.58 - - 0.00
Other Financing Activities, net		 57 26 1.95 1.79 0.38 0.55 -11 0.10 18
Cash Interest Paid		 - - - - 1.81 - - - 3.04

Annual Balance Sheets for enCore Energy

This table presents enCore Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 159 224 327 393 430
Total Current Assets		 14 64 25 87 110
Cash & Equivalents		 9.19 2.51 7.49 40 52
Short-Term Investments		 0.00 3.16 17 24 44
Accounts Receivable		 - - - 0.00 4.94
Inventories, net		 - 3.00 0.01 21 5.32
Prepaid Expenses		 0.63 1.24 0.93 2.70 3.56
Plant, Property, & Equipment, net		 1.60 2.33 15 24 41
Total Noncurrent Assets		 143 157 286 281 279
Goodwill		 - - 0.51 0.47 1.47
Other Noncurrent Operating Assets		 136 155 283 280 278
Total Liabilities & Shareholders' Equity		 159 224 327 393 430
Total Liabilities		 10 8.48 65 74 172
Total Current Liabilities		 5.92 3.63 6.28 30 14
Accounts Payable		 5.84 3.11 6.10 9.84 13
Other Current Liabilities		 0.09 0.53 0.18 0.13 0.19
Total Noncurrent Liabilities		 4.34 4.85 58 44 158
Long-Term Debt		 - 0.00 19 0.00 110
Asset Retirement Reserve & Litigation Obligation		 4.18 4.75 11 17 19
Noncurrent Deferred & Payable Income Tax Liabilities		 - - 28 27 26
Other Noncurrent Operating Liabilities		 0.17 0.10 0.29 0.20 3.08
Commitments & Contingencies		 - - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 149 215 262 319 258
Total Preferred & Common Equity		 149 215 262 286 229
Total Common Equity		 149 215 262 286 229
Common Stock		 163 242 349 440 440
Retained Earnings		 - -49 -89 -151 -208
Accumulated Other Comprehensive Income / (Loss)		 6.20 5.53 -1.79 -3.60 -2.63
Noncontrolling Interest		 - - 0.00 33 29

Quarterly Balance Sheets for enCore Energy

This table presents enCore Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 363 359 442 452
Total Current Assets		 54 50 129 134
Cash & Equivalents		 30 27 92 42
Short-Term Investments		 15 11 24 70
Accounts Receivable		 - - - 5.04
Inventories, net		 6.18 9.68 11 9.93
Prepaid Expenses		 3.34 1.99 1.93 6.87
Plant, Property, & Equipment, net		 29 32 37 41
Total Noncurrent Assets		 280 278 275 278
Goodwill		 1.47 1.48 1.47 1.26
Other Noncurrent Operating Assets		 278 276 274 276
Total Liabilities & Shareholders' Equity		 363 359 442 452
Total Liabilities		 63 64 164 170
Total Current Liabilities		 18 20 9.47 12
Accounts Payable		 8.21 9.60 9.31 12
Other Current Liabilities		 0.10 0.07 0.16 0.31
Total Noncurrent Liabilities		 44 45 155 158
Long-Term Debt		 - - 109 110
Asset Retirement Reserve & Litigation Obligation		 17 18 18 19
Noncurrent Deferred & Payable Income Tax Liabilities		 27 27 27 26
Other Noncurrent Operating Liabilities		 0.19 0.18 0.33 3.01
Commitments & Contingencies		 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 300 295 278 281
Total Preferred & Common Equity		 268 265 249 255
Total Common Equity		 268 265 249 255
Common Stock		 446 448 437 460
Retained Earnings		 -175 -181 -186 -202
Accumulated Other Comprehensive Income / (Loss)		 -3.53 -2.27 -2.64 -2.82
Noncontrolling Interest		 32 30 29 26

Annual Metrics And Ratios for enCore Energy

This table displays calculated financial ratios and metrics derived from enCore Energy's official financial filings.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 108,940,051.00 165,133,798.00 - 187,249,534.00
DEI Adjusted Shares Outstanding		 0.00 108,940,051.00 165,133,798.00 - 187,249,534.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 -0.21 -0.16 - -0.30
Growth Metrics		 - - - - -
Revenue Growth		 0.00% 0.00% 421.74% 163.38% -26.02%
EBITDA Growth		 0.00% -345.73% 28.08% -304.92% 21.40%
EBIT Growth		 0.00% -335.28% 7.37% -225.07% 17.18%
NOPAT Growth		 0.00% -352.69% -57.16% -77.25% 8.89%
Net Income Growth		 0.00% -170.39% -10.61% -165.48% 7.31%
EPS Growth		 0.00% 0.00% 18.18% -88.89% 11.76%
Operating Cash Flow Growth		 0.00% -426.12% -13.18% -96.65% 44.71%
Free Cash Flow Firm Growth		 0.00% 0.00% -203.06% 45.10% 37.38%
Invested Capital Growth		 0.00% 18.95% 65.55% 7.99% -0.62%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -2.23%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -5.98%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -5.30%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 4.02%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -7.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -7.14%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 33.43%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.56%
Profitability Metrics		 - - - - -
Gross Margin		 0.00% 37.43% 11.63% -12.35% 22.46%
EBITDA Margin		 0.00% -566.78% -78.13% -120.11% -130.05%
Operating Margin		 0.00% -610.39% -183.87% -123.74% -152.39%
EBIT Margin		 0.00% -584.12% -103.70% -127.99% -143.28%
Profit (Net Income) Margin		 0.00% -545.47% -115.64% -116.56% -146.04%
Tax Burden Percent		 147.99% 99.29% 98.21% 91.98% 99.23%
Interest Burden Percent		 101.58% 94.05% 113.54% 99.01% 102.71%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% -12.86% -14.01% -19.15% -16.85%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -0.62% -22.28% 47.18% 94.60%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.14% 3.27% -4.28% -5.00%
Return on Equity (ROE)		 -5.74% -12.72% -10.74% -23.43% -21.85%
Cash Return on Invested Capital (CROIC)		 0.00% -30.17% -63.38% -26.83% -16.23%
Operating Return on Assets (OROA)		 0.00% -12.95% -8.35% -20.76% -15.02%
Return on Assets (ROA)		 0.00% -12.10% -9.31% -18.91% -15.31%
Return on Common Equity (ROCE)		 -5.74% -12.72% -10.74% -22.10% -19.50%
Return on Equity Simple (ROE_SIMPLE)		 -5.74% -10.77% -9.78% -23.80% 0.00%
Net Operating Profit after Tax (NOPAT)		 -4.01 -18 -29 -51 -46
NOPAT Margin		 0.00% -427.27% -128.71% -86.62% -106.68%
Net Nonoperating Expense Percent (NNEP)		 -22.54% -12.24% 8.28% -66.33% -111.45%
Return On Investment Capital (ROIC_SIMPLE)		 - -8.43% -10.14% -14.92% -12.50%
Cost of Revenue to Revenue		 0.00% 62.57% 88.37% 112.35% 77.54%
SG&A Expenses to Revenue		 0.00% 393.64% 105.55% 54.59% 108.48%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 647.82% 195.49% 111.39% 174.85%
Earnings before Interest and Taxes (EBIT)		 -5.70 -25 -23 -75 -62
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -5.40 -24 -17 -70 -56
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 0.00 0.00 1.63 1.97 2.03
Price to Tangible Book Value (P/TBV)		 0.00 0.00 1.64 1.97 2.04
Price to Revenue (P/Rev)		 0.00 0.00 19.33 9.65 10.76
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 1.65 2.01 1.86
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 18.96 9.45 11.76
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - -
Debt to Equity		 0.00 0.00 0.07 0.06 0.43
Long-Term Debt to Equity		 0.00 0.00 0.07 0.00 0.43
Financial Leverage		 -0.14 -0.23 -0.15 -0.09 -0.05
Leverage Ratio		 1.07 1.05 1.15 1.24 1.43
Compound Leverage Factor		 1.09 0.99 1.31 1.23 1.47
Debt to Total Capital		 0.00% 0.00% 6.84% 5.94% 29.86%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 5.94% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 6.84% 0.00% 29.86%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 9.69% 7.91%
Common Equity to Total Capital		 100.00% 100.00% 93.16% 84.38% 62.23%
Debt to EBITDA		 0.00 0.00 -1.11 -0.29 -1.96
Net Debt to EBITDA		 0.00 0.00 0.47 0.63 -0.25
Long-Term Debt to EBITDA		 0.00 0.00 -1.11 0.00 -1.96
Debt to NOPAT		 0.00 0.00 -0.67 -0.40 -2.39
Net Debt to NOPAT		 0.00 0.00 0.29 0.88 -0.30
Long-Term Debt to NOPAT		 0.00 0.00 -0.67 0.00 -2.39
Altman Z-Score		 0.00 0.00 3.50 3.71 0.84
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 5.65% 10.74%
Liquidity Ratios		 - - - - -
Current Ratio		 2.42 17.76 4.03 2.91 8.03
Quick Ratio		 1.55 1.56 3.88 2.12 7.38
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -43 -129 -71 -44
Operating Cash Flow to CapEx		 -145.24% -384.51% -144.28% -217.96% -79.11%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 -36.82 -40.82 -13.07
Operating Cash Flow to Interest Expense		 -42.93 0.00 -6.56 -26.05 -7.37
Operating Cash Flow Less CapEx to Interest Expense		 -72.50 0.00 -11.11 -38.01 -16.68
Efficiency Ratios		 - - - - -
Asset Turnover		 0.00 0.02 0.08 0.16 0.10
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 13.01 6.25 2.55
Fixed Asset Turnover		 0.00 2.16 2.56 2.99 1.32
Accounts Payable Turnover		 0.00 0.59 4.25 8.22 2.87
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 28.06 58.41 143.35
Days Payable Outstanding (DPO)		 80,041.24 614.30 85.86 44.40 127.27
Cash Conversion Cycle (CCC)		 0.00 -614.30 -57.80 14.01 16.08
Capital & Investment Metrics		 - - - - -
Invested Capital		 129 153 254 274 272
Invested Capital Turnover		 0.00 0.03 0.11 0.22 0.16
Increase / (Decrease) in Invested Capital		 0.00 24 100 20 -1.69
Enterprise Value (EV)		 0.00 0.00 420 551 508
Market Capitalization		 0.00 0.00 428 563 464
Book Value per Share		 $2.28 $2.04 $1.82 $1.73 $1.22
Tangible Book Value per Share		 $2.27 $2.03 $1.82 $1.73 $1.22
Total Capital		 149 215 281 339 368
Total Debt		 0.00 0.00 19 20 110
Total Long-Term Debt		 0.00 0.00 19 0.00 110
Net Debt		 -18 -61 -8.19 -44 14
Capital Expenditures (CapEx)		 2.66 5.28 16 21 32
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -5.30 0.61 -5.34 14 0.14
Debt-free Net Working Capital (DFNWC)		 8.41 61 19 77 96
Net Working Capital (NWC)		 8.41 61 19 57 96
Net Nonoperating Expense (NNE)		 4.56 5.02 -2.90 17 17
Net Nonoperating Obligations (NNO)		 -20 -62 -8.19 -44 14
Total Depreciation and Amortization (D&A)		 0.30 0.74 5.66 4.60 5.71
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 14.46% -24.12% 23.48% 0.32%
Debt-free Net Working Capital to Revenue		 0.00% 1,433.61% 85.96% 132.76% 222.76%
Net Working Capital to Revenue		 0.00% 1,433.61% 85.96% 98.29% 222.76%
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 ($0.34) ($0.30)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 108.94M 165.13M 181.98M 186.86M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($0.34) ($0.30)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 105.53M 144.04M 181.98M 186.86M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 105.53M 144.04M 186.26M 194.22M
Normalized Net Operating Profit after Tax (NOPAT)		 -4.01 -18 -29 -51 -46
Normalized NOPAT Margin		 0.00% -427.27% -128.71% -86.62% -106.68%
Pre Tax Income Margin		 0.00% -549.35% -117.74% -126.72% -147.17%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 -63.36 0.00 -6.56 -43.03 -18.23
NOPAT to Interest Expense		 -44.56 0.00 -8.14 -29.12 -13.57
EBIT Less CapEx to Interest Expense		 -92.92 0.00 -11.10 -54.99 -27.54
NOPAT Less CapEx to Interest Expense		 -74.12 0.00 -12.69 -41.08 -22.89
Payout Ratios		 - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% -6.62% -18.08% -0.07% 0.00%

Quarterly Metrics And Ratios for enCore Energy

This table displays calculated financial ratios and metrics derived from enCore Energy's official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 165,133,798.00 165,133,798.00 165,133,798.00 165,133,798.00 186,261,281.00 186,261,281.00 187,094,534.00 187,249,534.00 194,216,153.00
DEI Adjusted Shares Outstanding		 165,133,798.00 165,133,798.00 165,133,798.00 165,133,798.00 186,261,281.00 186,261,281.00 187,094,534.00 187,249,534.00 194,216,153.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.04 -0.13 -0.10 -0.10 -0.13 -0.03 -0.03 -0.12 0.03
Growth Metrics		 - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% -39.99% -31.13% -4.13% -7.38% 0.34%
EBITDA Growth		 0.00% 0.00% 0.00% 0.00% -101.05% 63.45% 74.52% -10.98% 121.41%
EBIT Growth		 0.00% 0.00% 0.00% 0.00% -98.24% 63.90% 69.09% -16.74% 114.70%
NOPAT Growth		 0.00% 0.00% 0.00% 0.00% -27.27% 16.08% 19.10% 14.07% 198.60%
Net Income Growth		 0.00% 0.00% 0.00% 0.00% -227.91% 62.60% 65.16% -22.54% 109.90%
EPS Growth		 0.00% 0.00% 0.00% 0.00% -225.00% 75.00% 66.67% -22.22% 123.08%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% 0.00% -153.69% 73.31% -270.81% 3,242.38% -177.00%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 98.65%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.62% 5.47%
Revenue Q/Q Growth		 0.00% -82.50% 74.02% 44.33% 36.50% -79.91% 142.25% 39.43% 47.87%
EBITDA Q/Q Growth		 0.00% -94.77% 23.94% 1.08% -37.19% 63.06% 46.99% -330.88% 126.46%
EBIT Q/Q Growth		 0.00% -89.43% 22.73% 1.21% -37.09% 65.51% 33.83% -273.13% 117.26%
NOPAT Q/Q Growth		 0.00% -87.10% 24.45% -12.81% 20.19% -23.36% 27.17% -19.82% 191.59%
Net Income Q/Q Growth		 0.00% -205.10% 22.36% 0.27% -38.80% 65.20% 27.69% -250.79% 111.21%
EPS Q/Q Growth		 0.00% -200.00% 25.00% 0.00% -44.44% 76.92% 0.00% -266.67% 127.27%
Operating Cash Flow Q/Q Growth		 0.00% -1,115.74% 85.23% 107.07% -2,098.71% -27.91% -105.15% 163.73% -265.64%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% -1.34% -0.28% 96.41% 63.08%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -3.22% 0.44% 1.68% 0.56% 2.71%
Profitability Metrics		 - - - - - - - - -
Gross Margin		 -1.54% -96.02% -14.50% -2.16% -0.13% 30.84% 43.84% 37.93% -0.35%
EBITDA Margin		 -39.85% -443.46% -193.83% -132.85% -133.52% -235.37% -51.51% -159.18% 28.48%
Operating Margin		 -40.40% -431.80% -187.46% -146.52% -85.67% -526.12% -158.18% -135.93% 54.41%
EBIT Margin		 -42.32% -458.05% -203.38% -139.22% -139.82% -240.07% -65.57% -175.47% 20.49%
Profit (Net Income) Margin		 -25.47% -444.00% -198.10% -136.88% -139.19% -241.13% -71.98% -181.09% 13.73%
Tax Burden Percent		 60.38% 98.82% 98.48% 98.48% 99.29% 100.00% 100.92% 98.40% 108.32%
Interest Burden Percent		 99.68% 98.10% 98.91% 99.84% 100.26% 100.44% 108.78% 104.88% 61.88%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -8.32%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% -21.83% -20.88% -123.11% -36.09% -15.03% 9.35%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% -11.52% 62.42% -155.76% -135.68% 54.75% 55.11%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 1.61% -7.22% 15.07% 3.37% -2.89% -3.43%
Return on Equity (ROE)		 0.00% 0.00% 0.00% -20.22% -28.10% -108.04% -32.72% -17.92% 5.92%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% -25.84% 0.00% 0.00% 0.00% -16.23% -15.65%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% -22.58% -17.81% -29.74% -6.55% -18.40% 2.17%
Return on Assets (ROA)		 0.00% 0.00% 0.00% -22.20% -17.73% -29.87% -7.19% -18.99% 1.46%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% -19.08% -25.10% -96.96% -29.28% -16.00% 5.32%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -8.59 -16 -12 -14 -11 -13 -9.83 -12 11
NOPAT Margin		 -28.28% -302.26% -131.22% -102.56% -59.97% -368.28% -110.73% -95.15% 58.93%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% -10.31% -83.30% 32.66% 99.59% -69.78% -45.77%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -4.05% -3.53% -4.42% -2.54% -3.20% 2.76%
Cost of Revenue to Revenue		 101.54% 196.02% 114.50% 102.16% 100.13% 69.16% 56.16% 62.07% 100.35%
SG&A Expenses to Revenue		 20.80% 111.26% 118.61% 64.52% 48.85% 295.88% 139.20% 118.86% 68.45%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 38.85% 335.79% 172.96% 144.36% 85.55% 556.96% 202.02% 173.86% -54.76%
Earnings before Interest and Taxes (EBIT)		 -13 -24 -19 -19 -26 -8.80 -5.82 -22 3.75
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -12 -24 -18 -18 -24 -8.62 -4.57 -20 5.21
Valuation Ratios		 - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 1.97 0.95 2.01 2.42 2.03 1.37
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 1.97 0.96 2.02 2.43 2.04 1.38
Price to Revenue (P/Rev)		 0.00 0.00 0.00 9.65 5.53 11.96 13.61 10.76 8.09
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 2.01 0.95 2.01 2.30 1.86 1.34
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 9.45 5.47 12.00 14.11 11.76 8.67
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.06 0.03 0.03 0.39 0.43 0.39
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.39 0.43 0.39
Financial Leverage		 0.00 0.00 0.00 -0.14 -0.12 -0.10 -0.02 -0.05 -0.06
Leverage Ratio		 0.00 0.00 0.00 1.24 1.21 1.22 1.59 1.43 1.40
Compound Leverage Factor		 0.00 0.00 0.00 1.24 1.21 1.22 1.73 1.50 0.87
Debt to Total Capital		 0.00% 0.00% 0.00% 5.94% 3.24% 3.30% 28.24% 29.86% 28.16%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 5.94% 3.24% 3.30% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 28.24% 29.86% 28.16%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 9.69% 10.34% 9.92% 7.54% 7.91% 6.75%
Common Equity to Total Capital		 0.00% 0.00% 0.00% 84.38% 86.41% 86.79% 64.22% 62.23% 65.09%
Debt to EBITDA		 0.00 0.00 0.00 -0.28 -0.12 -0.15 -2.06 -1.96 -4.15
Net Debt to EBITDA		 0.00 0.00 0.00 0.62 0.41 0.43 0.13 -0.25 0.05
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 -2.06 -1.96 -4.15
Debt to NOPAT		 0.00 0.00 0.00 -0.40 -0.19 -0.20 -2.28 -2.39 -3.92
Net Debt to NOPAT		 0.00 0.00 0.00 0.88 0.66 0.57 0.14 -0.30 0.05
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 -2.28 -2.39 -3.92
Altman Z-Score		 0.00 0.00 0.00 4.18 1.78 4.40 1.99 1.15 1.05
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 5.65% 10.69% 10.25% 10.51% 10.74% 10.06%
Liquidity Ratios		 - - - - - - - - -
Current Ratio		 0.00 0.00 0.00 2.91 2.94 2.53 13.64 8.03 11.08
Quick Ratio		 0.00 0.00 0.00 2.12 2.42 1.94 12.28 7.38 9.68
Cash Flow Metrics		 - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 0.00 0.00 -276 -280 -281 -10 -3.72
Operating Cash Flow to CapEx		 -62.53% -635.60% -252.03% 4.92% -195.13% -85.32% -277.75% 148.29% -2,153.37%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 -798.18 -1,166.17 -266.55 -5.75 -2.05
Operating Cash Flow to Interest Expense		 -7.64 -83.30 -12.30 0.87 -22.36 -41.23 -19.28 7.38 -11.81
Operating Cash Flow Less CapEx to Interest Expense		 -19.86 -96.40 -17.18 -16.76 -33.81 -89.55 -26.22 2.40 -12.35
Efficiency Ratios		 - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.16 0.13 0.12 0.10 0.10 0.11
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 6.25 8.56 4.65 3.59 2.55 4.17
Fixed Asset Turnover		 0.00 0.00 0.00 2.99 1.61 1.41 1.18 1.32 1.25
Accounts Payable Turnover		 0.00 0.00 0.00 8.22 6.45 4.69 4.24 2.87 3.37
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 58.41 42.62 78.42 101.69 143.35 87.62
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 44.40 56.60 77.79 86.18 127.27 108.46
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 14.01 -13.98 0.63 15.51 16.08 -20.84
Capital & Investment Metrics		 - - - - - - - - -
Invested Capital		 0.00 0.00 0.00 274 265 266 271 272 280
Invested Capital Turnover		 0.00 0.00 0.00 0.21 0.35 0.33 0.33 0.16 0.16
Increase / (Decrease) in Invested Capital		 0.00 0.00 0.00 0.00 265 266 271 -1.69 15
Enterprise Value (EV)		 0.00 0.00 0.00 551 253 534 623 508 375
Market Capitalization		 723 651 667 563 255 533 601 464 350
Book Value per Share		 $0.00 $0.00 $0.00 $1.73 $1.44 $1.42 $1.33 $1.22 $1.36
Tangible Book Value per Share		 $0.00 $0.00 $0.00 $1.73 $1.43 $1.41 $1.32 $1.22 $1.35
Total Capital		 0.00 0.00 0.00 339 310 305 387 368 391
Total Debt		 0.00 0.00 0.00 20 10 10 109 110 110
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 109 110 110
Net Debt		 0.00 0.00 0.00 -44 -35 -29 -6.91 14 -1.46
Capital Expenditures (CapEx)		 4.88 5.83 2.17 7.86 3.96 12 7.31 8.72 1.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 0.00 0.00 14 1.21 2.00 3.45 0.14 9.79
Debt-free Net Working Capital (DFNWC)		 0.00 0.00 0.00 77 46 40 120 96 121
Net Working Capital (NWC)		 0.00 0.00 0.00 57 36 30 120 96 121
Net Nonoperating Expense (NNE)		 -0.85 7.54 6.19 4.59 14 -4.66 -3.44 11 8.27
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 -44 -35 -29 -6.91 14 -1.46
Total Depreciation and Amortization (D&A)		 0.75 0.78 0.88 0.85 1.15 0.17 1.25 2.02 1.46
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 23.48% 2.62% 4.49% 7.81% 0.32% 22.65%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 132.76% 99.03% 90.41% 271.11% 222.76% 281.06%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 98.29% 77.26% 67.82% 271.11% 222.76% 281.06%
Earnings Adjustments		 - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 ($0.09) ($0.13) ($0.03) ($0.03) ($0.11) $0.03
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 181.98M 186.22M 186.88M 187.36M 186.86M 191.42M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($0.09) ($0.13) ($0.03) ($0.03) ($0.11) $0.03
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 181.98M 186.22M 186.88M 187.36M 186.86M 191.42M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 186.26M 186.26M 187.09M 187.25M 194.22M 194.23M
Normalized Net Operating Profit after Tax (NOPAT)		 -8.59 -16 -12 -14 -11 -13 -9.83 -12 -17
Normalized NOPAT Margin		 -28.28% -302.26% -131.22% -102.56% -59.97% -368.28% -110.73% -95.15% -93.64%
Pre Tax Income Margin		 -42.19% -449.32% -201.16% -138.99% -140.19% -241.13% -71.33% -184.03% 12.68%
Debt Service Ratios		 - - - - - - - - -
EBIT to Interest Expense		 -32.24 -54.76 -42.31 -41.71 -73.71 -36.65 -5.53 -12.39 2.07
NOPAT to Interest Expense		 -21.54 -36.14 -27.30 -30.73 -31.61 -56.22 -9.33 -6.72 5.94
EBIT Less CapEx to Interest Expense		 -44.46 -67.87 -47.19 -59.33 -85.16 -84.97 -12.47 -17.36 1.52
NOPAT Less CapEx to Interest Expense		 -33.76 -49.24 -32.18 -48.35 -43.07 -104.55 -16.27 -11.69 5.39
Payout Ratios		 - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% -0.07% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

enCore Energy’s latest quarter shows a sharp improvement in profitability and liquidity versus recent quarters, but the business is still highly volatile and not yet consistently profitable. In Q1 2026, the company posted $18.3 million in revenue, generated $2.5 million of net income attributable to common shareholders, and ended the quarter with a much stronger cash position than at the end of 2025. However, operating cash flow remained negative, and the balance sheet still carries a meaningful debt load.

  • Revenue rebounded meaningfully in Q1 2026. Operating revenue rose to $18.3 million from $12.4 million in Q4 2025 and $8.9 million in Q3 2025, showing a strong top-line recovery.
  • The company returned to profitability at the bottom line. Q1 2026 net income attributable to common shareholders was $5.4 million, compared with a loss of $21.5 million in Q4 2025 and $4.8 million in Q3 2025.
  • Cash and short-term investments improved sharply. Total cash plus short-term investments rose to about $111.7 million at March 31, 2026, up from roughly $48.2 million at the end of Q4 2025.
  • Working capital looks much healthier than it did a year ago. Current assets of $133.5 million far exceeded current liabilities of $12.1 million in Q1 2026, suggesting a solid near-term liquidity cushion.
  • Noncurrent liabilities declined from late 2025 levels. Total liabilities fell to $170.5 million from $215.9 million at the end of Q4 2025, mainly because current liabilities came down sharply.
  • Gross margin is still inconsistent. Q1 2026 gross profit was slightly negative at $(64,000), after being positive in Q4 2025 and Q3 2025. That suggests the core operating economics remain uneven quarter to quarter.
  • Operating expenses remain heavy relative to revenue. SG&A and other operating costs continue to consume a large share of sales, which makes earnings highly sensitive to production and pricing swings.
  • Share count has increased over the past year. Weighted average basic shares rose from 173.5 million in Q1 2024 to 191.4 million in Q1 2026, which can dilute per-share value creation.
  • Operating cash flow was negative in Q1 2026. The company used $21.4 million of cash in operations, a reminder that accounting profit has not yet translated into dependable cash generation.
  • Debt remains significant. Long-term debt stood at $110.2 million in Q1 2026, and the company also reported interest expense, which keeps financial flexibility in check.

Longer-term trend: over the last several quarters, enCore Energy has shown a pattern of wide swings in revenue, operating income, and cash flow. That’s common for a company in a ramp-up or turnaround phase, but it also means investors should expect volatility. The good news is that the most recent quarter shows clear progress in liquidity and profitability versus late 2025. The caution is that the company still has not established a consistent record of positive operating cash flow, and leverage remains a material risk.

Bottom line: Q1 2026 was a better quarter for enCore Energy, especially on cash and net income. Still, the stock remains a higher-risk turnaround story until it can prove sustained operating cash generation and more stable margins.

07/05/26 02:31 PM ETAI Generated. May Contain Errors.

enCore Energy Financials - Frequently Asked Questions

According to the most recent income statement we have on file, enCore Energy's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

enCore Energy's net income appears to be on an upward trend, with a most recent value of -$63.02 million in 2025, rising from -$8.56 million in 2021. The previous period was -$67.99 million in 2024. View enCore Energy's forecast to see where analysts expect enCore Energy to go next.

enCore Energy's total operating income in 2025 was -$65.77 million, based on the following breakdown:
  • Total Gross Profit: $9.69 million
  • Total Operating Expenses: $75.46 million

Over the last 4 years, enCore Energy's total revenue changed from $0.00 in 2021 to $43.16 million in 2025, a change of 4,315,500,000.0%.

enCore Energy's total liabilities were at $172.04 million at the end of 2025, a 131.9% increase from 2024, and a 1,575.5% increase since 2021.

In the past 4 years, enCore Energy's cash and equivalents has ranged from $2.51 million in 2022 to $52.40 million in 2025, and is currently $52.40 million as of their latest financial filing in 2025.

Over the last 4 years, enCore Energy's book value per share changed from 2.28 in 2021 to 1.22 in 2025, a change of -46.4%.


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Financial statements for NASDAQ:EU last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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