Ur-Energy
ConvictionSpeculative
Owns and operates ISR uranium projects; produces U3O8 (yellowcake) sold to US nuclear utilities under a mix of multi-year fixed/market-referenced contracts plus opportunistic spot sales. Capacity-ramp story: monetizing licensed Lost Creek capacity and bringing Shirley Basin online.
Revenue
$27.2M FY2025~$31.1M TTM; $3.9M Q1 2026Rev growth
-19% FY2025 YoYFY2024 $33.7M -> FY2025 $27.2MGross margin
~0.3% FY2025gross profit $0.07M on $27.2M rev; near-breakeven inflection from -27% in 2024). Q1 2026 ~31% (~$1.2M gross profit on $3.9M).Op margin
Deeply negative — net loss $74.9M FY2025 and $28.8M Q1 2026 dwarf revenuedriven by development/operating costs and non-cash mark-to-market on the convertible notes/warrants, not core mining cash margin.Capex intensity
High — active construction/wellfield development at Lost Creek Mine Unit 1 Phase 2 header houseswastewater treatment facility, and Shirley Basin plant/wellfields.Market cap
~$536MNYSE American: URG, $1.35 close Jul 2 2026, ~397.3M shares; ~$0.54B per Macrotrends Jul 3The read
Where our coverage leans
Coverage leans bullish
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Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage 2026-07· sign in (free) for the analyst summary; Pro unlocks full intelligence