enCore Energy Corp. (EU) Income Statement
EU 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsEU revenue and net income
Where EU's revenue goes
2025Each bar shows an amount and its share of revenue. EU kept −131.7% of revenue as net income.
EU profit margins
EU growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.5% | — | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
EU quarterly EPS vs estimates
enCore Energy beat the analyst EPS estimate in 0 of the last 8 quarters. Next report: November 9, 2026 (estimate $-0.12).
EU income statement
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | $59.2M | $58.3M | $22.1M |
| Cost of revenue | $45.9M | $65.5M | $19.6M |
| Gross profit | $13.3M | −$7.2M | $2.6M |
| Sales, general & admin | $58.5M | $27.1M | $20.1M |
| Total operating expenses | $103.5M | $65.0M | $43.3M |
| Operating income | −$90.2M | −$72.2M | −$40.7M |
| Interest income | $1.7M | $2.5M | $393,347 |
| Interest expense | $3.4M | $1.7M | $3.5M |
| Income before taxes | −$87.1M | −$73.9M | −$26.1M |
| Income taxes | −$669,599 | −$5.9M | −$467,000 |
| Net income | −$78.0M | −$61.4M | −$25.6M |
| EBITDA | −$77.1M | −$67.6M | −$16.9M |
| EPS (diluted) | −$0.39 | −$0.29 | −$0.23 |
| Gross margin | 22.5% | −12.4% | 11.6% |
| Operating margin | −152.4% | −123.7% | −183.9% |
| Net margin | −131.7% | −105.2% | −115.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.7M | $18.3M | $12.4M | $8.9M | $3.7M | $18.2M | $13.4M | $9.3M | $5.3M | $30.4M | $0 | $5.5M |
| Cost of revenue | $18.3M | $18.4M | $7.7M | $5.0M | $2.5M | $18.3M | $16.9M | $10.6M | $10.4M | $30.9M | $527,929 | $6.9M |
| Gross profit | −$2.6M | −$64,000 | $4.7M | $3.9M | $1.1M | −$23,000 | −$3.6M | −$1.3M | −$5.1M | −$469,000 | −$527,929 | −$1.3M |
| Sales, general & admin | $13.8M | $10.2M | $12.6M | $11.9M | $10.1M | $8.0M | $2.1M | $9.4M | $5.3M | $6.1M | $10.3M | $6.7M |
| Total operating expenses | $26.9M | $24.4M | $21.5M | $17.9M | $20.4M | $15.6M | $37.4M | $16.0M | $17.9M | $11.8M | $11.8M | $6.7M |
| Operating income | −$29.5M | −$24.5M | −$16.8M | −$14.0M | −$19.3M | −$15.6M | −$41.0M | −$17.4M | −$23.0M | −$12.3M | −$12.3M | −$8.0M |
| Interest income | $272,000 | $386,000 | $693,000 | $542,000 | $201,000 | $279,000 | $501,106 | $650,875 | $908,754 | $415,873 | $45,363 | $19,725 |
| Interest expense | $1.8M | $1.8M | $1.8M | $1.1M | $240,000 | $346,000 | $423,573 | $445,000 | $445,000 | $399,000 | $525,018 | $1.2M |
| Income before taxes | −$44.6M | $2.3M | −$22.8M | −$6.3M | −$8.8M | −$25.6M | −$42.4M | −$18.6M | −$23.9M | −$12.8M | −$16.7M | $6.1M |
| Income taxes | — | −$193,000 | −$364,000 | $58,000 | $145,577 | −$182,000 | −$5.9M | −$283,000 | −$283,000 | −$5.1M | $1 | −$112,000 |
| Net income | −$41.4M | $5.4M | −$21.5M | −$4.8M | −$6.3M | −$24.2M | −$31.8M | −$15.8M | −$22.0M | −$7.3M | −$16.7M | $6.2M |
| EBITDA | −$41.1M | $5.4M | −$17.8M | −$2.2M | −$6.7M | −$23.1M | −$40.3M | −$17.3M | −$22.7M | −$11.6M | −$15.6M | −$6.0M |
| EPS (diluted) | −$0.14 | −$0.21 | −$0.12 | −$0.04 | −$0.12 | −$0.11 | −$0.09 | −$0.11 | −$0.05 | −$0.04 | −$0.06 | $0.06 |
| Gross margin | −16.4% | −0.3% | 37.9% | 43.8% | 30.8% | −0.1% | −26.8% | −14.5% | −96.0% | −1.5% | — | −24.2% |
| Operating margin | −187.9% | −133.8% | −135.9% | −158.2% | −526.1% | −85.7% | −306.9% | −187.5% | −431.8% | −40.4% | — | −144.6% |
| Net margin | −264.1% | 29.5% | −173.9% | −53.7% | −172.7% | −132.9% | −237.9% | −171.2% | −413.9% | −24.0% | — | 112.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in EU's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
EU financial results
In fiscal year 2025 (ended December 31, 2025), enCore Energy reported revenue of $59.2 million, up 1.5% from the year before. It had a net loss of $78.0 million, a net profit margin of −131.7%. Diluted earnings per share came to −$0.39.
See the EU stock overview for the latest quote and news, or the EU chart for price history and technical indicators.
EU income statement FAQ
What is enCore Energy's annual revenue?
enCore Energy reported total revenue of $59.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 1.5% from $58.3 million the previous year.
Is enCore Energy profitable?
No. enCore Energy reported a net loss of $78.0 million in fiscal 2025, a net profit margin of −131.7%; its operating margin was −152.4%.
What is enCore Energy's gross margin?
enCore Energy's gross margin was 22.5% in fiscal 2025: for every $100 of revenue, enCore Energy kept $22 after the direct cost of its products and services.
What are enCore Energy's earnings per share?
enCore Energy earned $-0.39 per diluted share in fiscal 2025, compared with $-0.29 a year earlier.
When will enCore Energy report its next earnings?
enCore Energy is expected to report results for the quarter ending September 30, 2026 on November 9, 2026.
When does enCore Energy's fiscal year end?
enCore Energy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.