URG NYSE Gold And Silver Ores Financials FY2016βFY2025
Ur-Energy Inc had $27.2M of revenue in fiscal 2025, down 19.3% on the year before. Over five years, revenue changed +26.8% a year on average.
Last close Β· Oct 23, 2026
$0.81
0.6%Hi! I read Ur-Energy Incβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
β19.3%
No. Sales fell 19.3% last year.
Does it make a profit?
β275.3%
No. It lost money last year.
Does profit turn into cash?
β245.3%
No. It spent more cash than it brought in.
How healthy are the accounts?
2 / 8
Weak. It passes 2 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Ur-Energy Inc did it, and the next one. Share prices often move a lot on those days.
Next results
November 2, 2026
Monday Β· in 7 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Aug 10, 2026 | Q2 '26 | After the market closes | 8-K β |
| May 8, 2026 | Q1 '26 | Time not announced | 8-K β |
| Mar 10, 2026 | Q4 '25 | Time not announced | 8-K β |
| Nov 3, 2025 | Q3 '25 | Time not announced | 8-K β |
| Jul 15, 2025 | Q2 '25 | After the market closes | 8-K β |
| Apr 11, 2025 | Q1 '25 | Time not announced | 8-K β |
| Feb 10, 2025 | Q4 '24 | Time not announced | 8-K β |
| Nov 6, 2024 | Q3 '24 | Time not announced | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· Ur-Energy Inc had $27.2M of revenue in fiscal 2025, down 19.3% on the year before. Over five years, revenue changed +26.8% a year on average. Its operating margin was β255.0%, down 67.8Β pts: of every 100 in sales, about β255 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Ur-Energy Inc lost $74.9M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$66.7M in fiscal 2025, β245.3% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Ur-Energy Inc can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $46.2M | $33.0M | $59.7M | $76.1M | $124M |
| Debt incl. finance leases | $13.7M | $5.4M | $6.6M | β | β |
| Debt / equity | 0.2x | 0.1x | 0.1x | β | β |
| Interest coverage | β22.9x | β42.8x | β51.4x | β187.8x | β35.6x |
| Current ratio | 7.8x | 6.7x | 6.3x | 6.0x | 5.4x |
| Quick ratio | 6.5x | 5.2x | 6.1x | 4.9x | 4.6x |
| Total assets | $121M | $108M | $128M | $194M | $272M |
| Total liabilities | $51.5M | $45.4M | $53.5M | $61.3M | $195M |
| Shareholders' equity | $69.4M | $62.5M | $74.9M | $133M | $77.5M |
| Net debt (β = net cash) | β$32.4M | β$27.6M | β$53.1M | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Ur-Energy Inc passes 2 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 7 / 9 | 5 / 9 | 5 / 9 | 1 / 9 | 4 / 9 | 4 / 9 | 4 / 9 | 1 / 8 | 2 / 8 |
| Accruals ratio | β7.1% | β6.2% | 10.5% | β13.0% | β7.4% | β11.1% | 0.8% | β11.6% | 11.6% | β13.6% |
| Altman Z'' | β5.25 | β4.94 | β3.78 | β5.13 | β7.40 | β2.69 | β4.17 | β3.78 | β1.77 | β2.87 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $27.3M | $38.4M | $23.5M | $32.3M | $8.3M | $0.0M | $0.0M | $17.7M | $33.7M | $27.2M |
| Net interest income | β$2.0M | β$1.4M | β$1.0M | β$0.7M | β | β$0.7M | β$0.5M | $1.5M | $3.3M | β |
| Gross profit | $11.5M | $14.0M | $11.3M | $2.0M | β$4.7M | β$7.0M | β$6.8M | β$1.7M | β$9.0M | $0.1M |
| Research and development | $2.9M | $4.3M | $1.7M | $1.4M | β | β | β | β | β | β |
| Operating income | $0.3M | $1.4M | $1.3M | β$8.3M | β$13.3M | β$16.8M | β$19.8M | β$30.8M | β$63.1M | β$69.4M |
| Interest expense | β | β | $1.0M | $0.7M | $0.7M | $0.7M | $0.5M | $0.6M | $0.3M | $1.9M |
| Pretax income | β$3.0M | $0.1M | $4.5M | β$8.4M | β$14.7M | β$22.9M | β$17.1M | β$30.7M | β$53.2M | β$74.9M |
| Income tax | β$0.0M | β | β | β | β | β | β | β | β | β |
| Net income | β$3.0M | $0.1M | $4.5M | β$8.4M | β$14.8M | β$22.9M | β$17.1M | β$30.7M | β$53.2M | β$74.9M |
| Diluted EPS | β$0.02 | $0.00 | $0.03 | β$0.05 | β$0.09 | β$0.12 | β$0.08 | β$0.12 | β$0.17 | β$0.20 |
| Diluted shares | 0.14B | 0.15B | 0.15B | 0.16B | 164.26B | 0.20B | 0.22B | 0.26B | 0.32B | 0.37B |
| Cash flow | ||||||||||
| Cash from operations | $3.4M | $5.6M | β$5.4M | $4.0M | β$8.4M | β$11.7M | β$18.1M | β$17.0M | β$71.9M | β$43.1M |
| Capital expenditure | $0.3M | $0.2M | β$0.1M | $0.3M | $0.0M | $1.2M | $0.7M | $2.0M | $9.0M | $23.6M |
| Free cash flow | $3.1M | $5.4M | β$5.3M | $3.7M | β$8.5M | β$12.9M | β$18.8M | β$19.0M | β$81.0M | β$66.7M |
| Depreciation and amortization | $5.1M | $4.9M | $3.6M | $4.4M | $1.8M | $1.8M | $1.8M | $2.2M | $2.7M | $3.8M |
| Stock-based compensation | $0.9M | $0.9M | $0.9M | $0.8M | $1.0M | $1.1M | $1.1M | $1.0M | $2.4M | $1.9M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $1.6M | $3.9M | $6.4M | $7.4M | $4.3M | $46.2M | $33.0M | $59.7M | $76.1M | $124M |
| Total debt | $29.1M | $19.9M | $15.0M | $12.4M | $13.3M | $13.7M | $5.4M | $5.7M | β | β |
| Finance lease liabilities | β | β | β | β | β | β | β | $0.8M | $1.2M | $1.8M |
| Current assets | $6.5M | $9.2M | $9.1M | $8.3M | $5.1M | $48.6M | $43.9M | $63.7M | $115M | $150M |
| Current liabilities | $8.2M | $7.9M | $7.5M | $2.3M | $3.6M | $6.2M | $6.6M | $10.0M | $19.3M | $27.7M |
| Inventory | $4.1M | $4.5M | $14.7M | $7.4M | $7.8M | $7.9M | $9.9M | $2.6M | $20.7M | $24.3M |
| Property and equipment, net | $28.8M | $27.0M | $25.2M | $23.6M | $21.9M | $21.3M | $20.1M | $21.0M | $27.3M | $49.7M |
| Total assets | $89.9M | $88.4M | $100M | $90.4M | $81.8M | $121M | $108M | $128M | $194M | $272M |
| Total liabilities | $53.7M | $49.6M | $48.5M | $46.1M | $47.7M | $51.5M | $45.4M | $53.5M | $61.3M | $195M |
| Shareholders' equity | $36.2M | $38.8M | $51.8M | $44.3M | $34.1M | $69.4M | $62.5M | $74.9M | $133M | $77.5M |
| Margins | ||||||||||
| Gross margin | 42.0% | 36.4% | 48.1% | 6.1% | β55.9% | β43,650.0% | β36,010.5% | β9.5% | β26.6% | 0.3% |
| Operating margin | 1.0% | 3.6% | 5.6% | β25.7% | β160.4% | β104,731.3% | β104,178.9% | β174.5% | β187.2% | β255.0% |
| EBITDA margin | 19.8% | 16.4% | 20.9% | β12.0% | β138.6% | β93,550.0% | β94,873.7% | β162.2% | β179.1% | β241.0% |
| Net margin | β11.0% | 0.2% | 19.3% | β26.1% | β177.8% | β143,362.5% | β90,210.5% | β173.4% | β157.8% | β275.3% |
| FCF margin | 11.3% | 14.2% | β22.6% | 11.5% | β102.0% | β80,550.0% | β98,947.4% | β107.6% | β240.2% | β245.3% |
| Net interest share of revenue | β7.2% | β3.6% | β4.3% | β2.1% | β | β4,581.3% | β2,436.8% | 8.3% | 9.9% | β |
| Returns | ||||||||||
| Return on capital | 0.3% | 2.0% | 1.7% | β13.2% | β24.4% | β35.8% | β44.8% | β116.6% | β | β |
| Return on capital employed | 0.3% | 1.7% | 1.4% | β9.4% | β17.1% | β14.6% | β19.5% | β26.1% | β36.1% | β28.3% |
| Return on equity | β8.3% | 0.2% | 10.0% | β17.5% | β37.7% | β44.3% | β26.0% | β44.6% | β51.2% | β71.2% |
| Return on assets | β3.3% | 0.1% | 4.8% | β8.8% | β17.2% | β22.6% | β15.0% | β25.9% | β33.0% | β32.1% |
| Return on tangible equity | β8.3% | 0.2% | 8.7% | β19.0% | β43.4% | β33.1% | β27.4% | β40.9% | β40.1% | β96.7% |
| Growth | ||||||||||
| Revenue growth | β | 40.5% | β38.8% | 37.3% | β74.2% | β99.8% | 18.8% | 92,947.4% | 90.7% | β19.3% |
| Net income growth | β | β | 5,865.8% | β285.7% | β | β | β | β | β | β |
| EPS growth | β | β | β | β266.7% | β | β | β | β | β | β |
| FCF growth | β | 76.0% | β197.5% | β | β328.4% | β | β | β | β | β |
| Share count change | β | 3.9% | 2.8% | 5.5% | 102,622.9% | β99.9% | 12.7% | 17.9% | 22.2% | 16.0% |
| Financial health | ||||||||||
| Net debt / EBITDA | 5.1x | 2.6x | 1.8x | β | β | β | β | β | β | β |
| Debt / equity | 0.8x | 0.5x | 0.3x | 0.3x | 0.4x | 0.2x | 0.1x | 0.1x | β | β |
| Interest coverage | β | β | 1.3x | β12.4x | β18.8x | β22.9x | β42.8x | β51.4x | β187.8x | β35.6x |
| Current ratio | 0.8x | 1.2x | 1.2x | 3.6x | 1.4x | 7.8x | 6.7x | 6.3x | 6.0x | 5.4x |
| Quick ratio | 0.3x | 0.6x | β0.7x | 0.4x | β0.8x | 6.5x | 5.2x | 6.1x | 4.9x | 4.6x |
| Capital allocation | ||||||||||
| Capex / revenue | 1.1% | 0.5% | β0.2% | 0.8% | 0.5% | 7,437.5% | 3,731.6% | 11.5% | 26.8% | 86.8% |
| Stock comp / revenue | 3.1% | 2.3% | 3.8% | 2.4% | 11.4% | 6,743.8% | 6,010.5% | 5.8% | 7.1% | 7.0% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 7.0 | 5.0 | 5.0 | 1.0 | 4.0 | 4.0 | 4.0 | 1.0 | 2.0 |
| Altman Z'' | β5.3 | β4.9 | β3.8 | β5.1 | β7.4 | β2.7 | β4.2 | β3.8 | β1.8 | β2.9 |
| Accruals ratio | β7.1% | β6.2% | 10.5% | β13.0% | β7.4% | β11.1% | 0.8% | β11.6% | 11.6% | β13.6% |
Source: SEC EDGAR XBRL filings (CIK 0001375205). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
