enCore Energy Corp. EU
enCore Energy Corp., America's Clean Energy Company™, was incorporated on October 30, 2009, under the Laws of British Columbia and is a reporting issuer in all of the provinces and territories of Canada. As of January 1, 2025, the Company ceased to be a "foreign private issuer" and has become a "domestic issuer." As of December 31, 2024, the Company filing status was a large, accelerated filer within the meanings under the Exchange Act. As of December 31, 2025, the Company's filing status was a non-accelerated filer within the meanings under the Exchange Act. As a result, the Company must comply with the filing deadlines and disclosure obligations of a domestic issuer and non-accelerated filer as set forth in the Exchange Act. This classification impacts the timing of our periodic filings, internal control assessments, and other regulatory requirements. The Company's common shares are listed on The Nasdaq Capital Market LLC ("Nasdaq") and the TSX Venture Exchange ("TSX-V") under the trading symbol EU.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $43.2M | $58.3M | $22.1M | $4.2M | — | — |
| Cost of revenue | $33.5M | $65.5M | $19.6M | $2.7M | — | — |
| Gross profit | $9.7M | -$7.2M | $2.6M | $1.6M | — | — |
| SG&A | $42.6M | $27.1M | $19.9M | $12.4M | — | — |
| Total operating expenses | $75.5M | $65.0M | $43.3M | $27.5M | — | — |
| Operating income | -$65.8M | -$72.2M | -$40.7M | -$25.9M | -$9.2M | — |
| Interest expense | $3.4M | $1.7M | $3.5M | $0 | — | — |
| Pre-tax income | -$63.5M | -$73.9M | $26.1M | -$23.3M | — | — |
| Income tax | $488.0K | $5.9M | $500.0K | $165.0K | — | — |
| Net income | -$56.9M | -$61.4M | -$25.6M | -$23.2M | $8.6M | — |
| EPS, basic | -0.30 | -0.34 | -0.18 | -0.22 | — | — |
| EPS, diluted | -0.30 | -0.34 | -0.18 | -0.22 | — | — |
| Shares, diluted (wtd. avg.) | 186.9M | 182.0M | 144.0M | 105.5M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $52.4M | $39.7M | $15.2M | $57.1M | $13.7M | — |
| Short-term investments | — | $16.0M | $16.9M | -$488.8K | -$52.2K | — |
| Receivables | $4.9M | $0 | — | — | — | — |
| Inventory | $5.3M | $21.0M | $9.0K | — | — | — |
| Total current assets | $109.8M | $87.4M | $25.3M | — | — | — |
| Property, plant and equipment | $41.2M | $24.0M | $15.0M | — | — | — |
| Other intangibles | $1.5M | $471.0K | $514.0K | — | — | — |
| Total assets | $430.4M | $392.7M | $326.6M | $223.5M | $159.4M | $18.4M |
| Short-term debt | $0 | $20.1M | $20.3M | — | — | — |
| Total current liabilities | $13.7M | $30.1M | $6.3M | — | — | — |
| Long-term debt | $110.0M | $0 | — | — | — | — |
| Total liabilities | $172.0M | $74.2M | $64.6M | — | — | — |
| Retained earnings | -$207.7M | -$150.8M | -$89.5M | — | — | — |
| Total equity | $229.2M | $285.7M | $262.0M | $195.6M | $137.6M | $12.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$25.0M | -$45.2M | -$23.0M | -$20.3M | — | — |
| Depreciation and amortisation | $5.4M | $3.3M | $5.7M | $736.0K | — | — |
| Stock-based compensation | $4.2M | $4.8M | $3.5M | $4.3M | — | — |
| Capital expenditure | $20.0M | $11.3M | $7.7M | $980.0K | — | — |
| Investing cash flow | -$46.2M | -$30.0M | -$64.6M | -$11.3M | — | — |
| Financing cash flow | $84.7M | $107.4M | $45.9M | $76.0M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-022507.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | $4.2M | $22.1M | $58.3M | $43.2M |
| Gross profit | — | — | $1.6M | $2.6M | -$7.2M | $9.7M |
| Net income | — | $8.6M | -$23.2M | -$25.6M | -$61.4M | -$56.9M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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