EU (enCore Energy Corp.) Stock Financials & Earnings | Market Cap Arena

EU (enCore Energy Corp.) Stock Financials & Earnings | Market Cap Arena

EUenCore Energy Corp.

Mkt Cap$389M

Energy·Uranium·🇺🇸 United States·NASDAQ

Revenue (TTM)$44M

Net Income (TTM)-$67M

EPS (TTM)-$0.38

Free Cash Flow (TTM)-$60M

Gross Margin3.2%

Op. Margin-203.8%

Net Margin-152.1%

FCF Margin-135.8%

P/S Ratio (TTM)8.8x

P/E Ratio (TTM)—

YoY Rev Growth-1.8%

Employees—

Earnings Reports

Next: Q4 2025 · Mar 16

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 22	$0	$0	-$8M
Q1 23	$0	$0	-$10M
Q2 23	$0	$0	-$9M
Q3 23	$5M	-$1M	-$8M
Q4 23	$0	$0	-$19M
Q1 24	$30M	-$469K	-$12M
Q2 24	$5M	-$5M	-$23M
Q3 24	$9M	-$1M	-$17M
Q4 24	$13M	-$4M	-$41M
Q1 25	$18M	-$23K	-$16M
Q2 25	$4M	$1M	-$19M
Q3 25	$9M	$4M	-$14M

Valuation

Quarter	P/S	P/E
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	71.1x	—
Q4 23	71.1x	—
Q1 24	10.8x	—
Q2 24	9.4x	—
Q3 24	8.6x	—
Q4 24	6.7x	—
Q1 25	8.4x	—
Q2 25	8.7x	—
Q3 25	8.8x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	-$54M	-$57M
Q1 23	$34M	$32M
Q2 23	$1M	-$6M
Q3 23	-$3M	-$4M
Q4 23	-$15M	-$27M
Q1 24	-$3M	-$5M
Q2 24	-$37M	-$39M
Q3 24	-$5M	-$7M
Q4 24	-$716K	-$7M
Q1 25	-$8M	-$13M
Q2 25	-$10M	-$14M
Q3 25	-$20M	-$26M

Capital Expenditures

CapEx

Quarter	CapEx
Q4 22	$3M
Q1 23	$2M
Q2 23	$7M
Q3 23	$2M
Q4 23	$13M
Q1 24	$2M
Q2 24	$2M
Q3 24	$1M
Q4 24	$6M
Q1 25	$5M
Q2 25	$4M
Q3 25	$6M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 23	—	+135.4%
Q1 24	—	+308.3%
Q2 24	—	+204.5%
Q3 24	+69.3%	+98.9%
Q4 24	—	+191.4%
Q1 25	-40.0%	-20.6%
Q2 25	-31.1%	-18.9%
Q3 25	-4.1%	-13.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$786K	—
Q1 23	$866K	—
Q2 23	$1M	—
Q3 23	$0	0.0%
Q4 23	$1M	—
Q1 24	$818K	2.7%
Q2 24	$885K	16.6%
Q3 24	$2M	17.6%
Q4 24	$0	0.0%
Q1 25	$878K	4.8%
Q2 25	$751K	20.5%
Q3 25	$477K	5.4%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q4 22	$4M	$168K	—
Q1 23	$4M	$97K	—
Q2 23	$4M	$98K	—
Q3 23	—	—	$7M
Q4 23	$5M	$747	—
Q1 24	$6M	—	—
Q2 24	$5M	—	—
Q3 24	$9M	—	—
Q4 24	$2M	—	—
Q1 25	$8M	—	—
Q2 25	$10M	—	—
Q3 25	$12M	—	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$3M	$3M	$6M
Q1 23	$3M	$11M	$15M
Q2 23	$525K	$2M	$3M
Q3 23	$3M	$17M	$20M
Q4 23	$7M	$17M	$24M
Q1 24	$90M	$18M	$108M
Q2 24	$76M	$22M	$98M
Q3 24	$46M	$21M	$67M
Q4 24	$40M	$24M	$64M
Q1 25	$30M	$15M	$45M
Q2 25	$27M	$11M	$38M
Q3 25	$92M	$24M	$116M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q4 22	108M	—
Q1 23	127M	+17.6%
Q2 23	135M	+6.4%
Q3 23	145M	+7.2%
Q4 23	160M	+10.7%
Q1 24	173M	+8.1%
Q2 24	183M	+5.6%
Q3 24	185M	+1.1%
Q4 24	180M	-2.7%
Q1 25	186M	+3.4%
Q2 25	187M	+0.4%
Q3 25	187M	+0.3%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 22	—	—
FY 23	—	—
FY 24	$445K	131