EU

MKT CAP:$376M

enCore Energy Corp.

Market Cap

$376M

Energy·Uranium·🇺🇸 United States·NASDAQ

Energy·Uranium·🇺🇸·NASDAQ

Stock Price

$1.98-$0.74 (-27.21%)

Apr 23, 2026

Company Details

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in Crownpoint and Hosta Butte uranium project area covers 3,020 acres located in the ...

CEO

Robert J. Willette

IPO Date

Jan 12, 2011

Website

encoreuranium.com

Key Metrics TTM

Revenue

$5M

— YoY

Net Income

$888.3K

EPS (Diluted)

-$0.04

Free Cash Flow

-$8M

Revenue / Share

$0.04

Gross Margin

-24.2%

Operating Margin

-240.0%

Net Margin

16.2%

FCF Margin

-141.5%

P/S

68.7x

P/E

423.1x

Earnings Reports

Q4 2023

May 11, 2026

PENDING

FY 2023

Mar 28, 2024

$22MEPS -$0.18

Q3 2023

Nov 13, 2023

$5MEPS $0.04

FY 2021

Dec 30, 2021

$0EPS -$0.12

Q4 2021

Dec 31, 2021

$0EPS -$0.02

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 16	$0	$0	-$41.7K
Q1 17	$0	$0	-$56.7K
Q2 17	$0	$0	-$57.7K
Q3 17	$0	$0	-$52.6K
Q4 17	$0	$0	-$49.0K
Q1 18	$0	$0	-$64.4K
Q2 19	$0	$0	-$362.7K
Q4 19	$0	$0	-$242.9K
Q1 20	$0	$0	-$104.1K
Q3 20	$0	-$7.5K	-$334.5K
Q4 20	$0	-$3.7K	-$705.8K
Q1 21	$0	$0	-$2M
Q2 21	$0	$0	-$1M
Q3 21	$0	$0	-$2M
Q4 21	$0	$0	-$2M
Q3 23	$5M	-$1M	-$8M

Valuation

Quarter	P/S	P/E
Q4 16	—	—
Q1 17	—	—
Q2 17	—	—
Q3 17	—	—
Q4 17	—	—
Q1 18	—	—
Q2 19	—	—
Q4 19	—	—
Q1 20	—	—
Q3 20	—	—
Q4 20	—	—
Q1 21	—	—
Q2 21	—	—
Q3 21	—	—
Q4 21	—	—
Q3 23	94.5x	581.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 16	-$37.6K	-$35.6K
Q1 17	-$44.7K	-$258.4K
Q2 17	-$26.6K	-$29.5K
Q3 17	-$45.5K	-$215.7K
Q4 17	-$55.3K	$24.1K
Q1 18	-$12.4K	-$15.2K
Q2 19	-$193.8K	-$207.4K
Q4 19	-$139.9K	-$179.6K
Q1 20	-$22.6K	-$75.6K
Q3 20	-$115.2K	-$282.4K
Q4 20	-$363.3K	-$362.7K
Q1 21	-$2M	-$2M
Q2 21	-$948.8K	-$2M
Q3 21	-$846.5K	-$2M
Q4 21	$508.8K	$46.4K
Q3 23	-$3M	-$4M

Capital Expenditures

Quarter	CapEx
Q4 16	$2.0K
Q1 17	$213.7K
Q2 17	$2.9K
Q3 17	$170.2K
Q4 17	$79.4K
Q1 18	$2.8K
Q2 19	$13.6K
Q4 19	$39.8K
Q1 20	$53.0K
Q3 20	$167.2K
Q4 20	$604
Q1 21	$190.1K
Q2 21	$954.8K
Q3 21	$713.0K
Q4 21	$462.4K
Q3 23	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 16	—	-13.7%
Q1 17	—	+35.6%
Q2 17	—	+20.2%
Q3 17	—	+18.3%
Q4 17	—	+17.4%
Q1 18	—	+13.7%
Q2 19	—	+528.8%
Q4 19	—	+361.9%
Q1 20	—	+112.4%
Q3 20	—	+419.2%
Q4 20	—	+94.6%
Q1 21	—	+678.7%
Q2 21	—	+1261.8%
Q3 21	—	+449.9%
Q4 21	—	+177.7%
Q3 23	—	+607.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 16	$0	—
Q1 17	$0	—
Q2 17	$0	—
Q3 17	$0	—
Q4 17	$0	—
Q1 18	$4.8K	—
Q2 19	$45.2K	—
Q4 19	$115.8K	—
Q1 20	$3.3K	—
Q3 20	$223.2K	—
Q4 20	$0	—
Q1 21	$379.8K	—
Q2 21	$358.2K	—
Q3 21	$298.6K	—
Q4 21	$0	—
Q3 23	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q4 16	$41.6K	$167	—
Q1 17	$56.7K	—	—
Q2 17	$57.7K	—	—
Q3 17	$52.6K	—	—
Q4 17	$49.0K	—	—
Q1 18	$64.4K	—	—
Q2 19	$58.4K	$618	—
Q4 19	$85.7K	$971	—
Q1 20	$52.3K	$1.3K	—
Q3 20	$56.3K	$4.3K	—
Q4 20	—	—	$702.2K
Q1 21	$1M	$27.8K	—
Q2 21	$730.3K	$36.9K	—
Q3 21	$1M	$37.9K	—
Q4 21	—	—	$2M
Q3 23	—	—	$7M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$19M	$0	$19M
Q2 22	$19M	$4M	$23M
Q3 22	$9M	$3M	$12M
Q4 22	$3M	$3M	$6M
Q1 23	$3M	$11M	$15M
Q2 23	$525.0K	$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
Q4 25	$52M	$44M	$96M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 16	30M	+27.7%	+59.4%
Q1 17	30M	0.0%	+27.7%
Q2 17	37M	+22.2%	+55.9%
Q3 17	37M	0.0%	+55.9%
Q4 17	37M	+0.5%	+22.8%
Q1 18	37M	0.0%	+22.8%
Q2 19	44M	+17.8%	+18.4%
Q4 19	51M	+15.9%	+37.2%
Q1 20	51M	0.0%	+36.5%
Q3 20	53M	+4.7%	+42.9%
Q4 20	56M	+4.0%	+26.2%
Q1 21	56M	+0.0%	+8.9%
Q2 21	66M	+19.3%	+29.9%
Q3 21	66M	+0.4%	+24.5%
Q4 21	67M	+1.3%	+21.3%
Q3 23	145M	+115.4%	+161.2%

Shares Outstanding