enCore Energy (EU) Financial Statements & Analysis

enCore Energy (EU) Income Statement

enCore Energy reported revenue of $43.16M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 26.0% from $58.33M a year earlier. enCore Energy posted a net loss of $56.86M, compared with a net loss of $61.39M a year earlier. Gross margin was 22.5% and operating margin -152.4%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $15.70M, up 328.4% from the same quarter a year earlier.

enCore Energy Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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enCore Energy Corp. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2022	Mar 2022	Dec 2021	Mar 2021	Dec 2020	Mar 2020	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	43.16	58.33	22.15	5.70	4.25	0.00	-	0.00	-	0.00	0.00	0.00
Cost of Revenue	33.46	65.54	33.80	3.57	2.66	0.00	0.30	0.01	0.00	0.02	0.00	0.00
Gross Profit	9.69	-7.21	1.94	2.14	1.59	0.00	-0.30	-0.01	0.00	-0.02	0.00	0.00
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	-	0.00	-	0.00	-	0.00	0.00	0.00
Selling, General & Administrative	42.61	27.06	19.91	16.63	12.38	9.59	6.16	0.49	0.84	1.34	0.43	0.30
Operating Expenses	75.46	64.98	32.68	36.95	27.50	11.65	9.21	2.15	1.71	1.03	0.43	0.30
Operating Income	-65.77	-72.18	-30.73	-34.82	-25.91	-11.65	-9.21	-2.16	-1.71	-1.05	-0.43	-0.29
Other Income/Expense
Interest Income	1.72	2.48	0.30	0.56	0.42	0.02	0.02	0.02	0.02	0.03	0.02	0.02
Interest Expense	3.39	1.74	-3.50	0.00	-	0.00	-0.01	0.00	-	0.00	0.02	0.00
Other Income/Expense	3.93	-1.74	11.05	3.48	2.17	0.82	-2.79	-0.06	-0.06	0.00	0.02	0.07
Income
Income Before Tax	-63.51	-73.92	-26.08	-31.33	-23.32	-10.83	-8.56	-2.22	-1.74	-1.06	-0.40	-0.22
Income Tax Expense	-0.49	-5.93	0.35	-0.22	-0.17	0.00	-	0.00	-	0.00	0.00	0.00
Net Income	-56.86	-61.39	-19.33	-31.11	-23.16	-10.83	-12.00	-2.22	-1.74	-1.37	-0.40	-0.23
Net Income - Continuous Operations	-63.02	-61.39	-25.61	-31.11	-23.16	-10.83	-7.05	-2.22	-	-1.37	-0.40	-0.23
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-49.85	-67.59	-38.11	-30.34	-22.58	-7.46	-5.90	-2.16	-1.69	-1.04	-0.45	-0.29
EBIT	-60.12	-72.19	-40.72	-	-23.32	-	-6.64	-	-1.71	-	-	-
Depreciation & Amortization	5.38	4.60	2.61	0.99	0.74	0.94	0.74	0.03	0.02	0.02	0.00	0.00
Earnings Per Share
Basic EPS	-	-	-	-	-	-	-	-	-	-	-	-
Diluted EPS	-	-	-	-	-	-	-	-	-	-	-	-
Basic Shares Outstanding	186.86	181.98	144.04	105.53	105.53	65.33	65.33	50.42	50.42	44.58	38.05	35.52
Diluted Shares Outstanding	186.86	181.98	144.04	105.53	105.53	65.33	65.33	50.42	50.42	44.58	38.05	35.52

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About enCore Energy Financial Statements

What was enCore Energy's revenue in fiscal 2025?

enCore Energy reported revenue of $43.16M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 26.0% from $58.33M a year earlier.

Is enCore Energy profitable?

No. enCore Energy reported a net loss of $56.86M in fiscal 2025. In fiscal 2024 it lost $61.39M.

What is enCore Energy's operating margin?

enCore Energy's operating income was −$65.77M on revenue of $43.16M in fiscal 2025, an operating margin of -152.4%, compared with -123.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition