EU · enCore Energy Corp.
enCore Energy Corp., together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of uranium resource properties in the United States. The company is headquartered in Dallas, Texas.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $1.19 |
| SO | 194.2M |
| Options | 5.5M |
| Warrants | 19.7M |
| FD SO | 219.5M |
| MC | $261.2M |
| Cash | $41.6M |
| Total debt | $110.2M |
| EV | $329.9M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 7.6x |
| EV / EBITDA | — |
| MC / Net Income | — |
| EV / FCF | — |
| MC / FCF | — |
| Ownership & coverage | |
|---|---|
| Institutional | 50.3% |
| Insiders | 1.8% |
| # Institutions | 219 |
| Analysts | 4 |
| Consensus | Strong Buy |
| Avg target | $3.80 |
| Short % float | 14.9% |
| Days to cover | 7.30 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-12. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.
Financial statements
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Total Revenue | 18.30 | 12.38 | 8.88 | 3.66 |
| Revenue YoY % | 0.3% | (7.4%) | (4.1%) | (31.1%) |
| Cost of Revenue | 18.36 | 7.68 | 4.99 | 2.53 |
| Gross Profit | (0.06) | 4.69 | 3.89 | 1.13 |
| Gross Profit YoY % | (178.3%) | 1729.5% | 389.9% | 122.1% |
| Gross Margin % | (0.3%) | 37.9% | 43.8% | 30.8% |
| SG&A | 10.15 | 12.61 | 11.88 | 10.09 |
| Operating Expense | (10.02) | 21.52 | 17.93 | 20.41 |
| Operating Income | 9.96 | (16.82) | (14.04) | (19.28) |
| Operating Income YoY % | 163.7% | 16.2% | 19.1% | 16.1% |
| Operating Margin % | 54.4% | (135.9%) | (158.2%) | (526.1%) |
| EBITDA | 11.19 | (15.02) | (12.79) | (18.09) |
| EBITDA Margin % | 61.1% | (121.4%) | (144.1%) | (493.9%) |
| Interest Expense | 1.81 | 1.75 | 1.05 | 0.24 |
| Other Income / (Expense) | (5.82) | (4.20) | 8.76 | 10.68 |
| Pretax Income | 2.32 | (22.78) | (6.33) | (8.84) |
| Tax Provision | (0.19) | (0.36) | 0.06 | 0.00 |
| Net Income | 2.51 | (22.41) | (6.39) | (8.84) |
| Net Income to Common | 5.40 | (21.52) | (4.76) | (6.33) |
| Net Margin % | 13.7% | (181.1%) | (72.0%) | (241.1%) |
| Diluted EPS | $0.03 | -$0.11 | -$0.03 | -$0.03 |
| Basic EPS | $0.03 | -$0.11 | -$0.03 | -$0.03 |
| Diluted Avg Shares | 191.4 | — | 187.4 | 186.9 |
| Basic Avg Shares | 191.4 | — | 187.4 | 186.9 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 43.22 | 43.16 | 58.33 | 22.15 | 4.25 |
| Revenue YoY % | 0.1% | (26.0%) | 163.4% | 421.7% | — |
| Cost of Revenue | 33.57 | 33.46 | 65.54 | 19.57 | 2.66 |
| Gross Profit | 9.65 | 9.69 | (7.21) | 2.58 | 1.59 |
| Gross Profit YoY % | (0.4%) | 234.5% | (379.9%) | 62.1% | — |
| Gross Margin % | 22.3% | 22.5% | (12.4%) | 11.6% | 37.4% |
| SG&A | 44.73 | 42.61 | 27.06 | 19.91 | 12.38 |
| Operating Expense | 49.83 | 75.46 | 64.98 | 43.30 | 27.50 |
| Operating Income | (40.18) | (65.77) | (72.18) | (40.72) | (25.91) |
| Operating Income YoY % | 38.9% | 8.9% | (77.3%) | (57.2%) | — |
| Operating Margin % | (93.0%) | (152.4%) | (123.7%) | (183.9%) | (610.4%) |
| EBITDA | (34.72) | (60.38) | (68.92) | (35.06) | (25.18) |
| EBITDA Margin % | (80.3%) | (139.9%) | (118.1%) | (158.3%) | (593.1%) |
| Interest Expense | 4.86 | 3.39 | 1.74 | 3.50 | 0.00 |
| Other Income / (Expense) | 9.42 | 5.65 | — | 18.11 | 2.59 |
| Pretax Income | (35.62) | (63.51) | (73.92) | (26.11) | (23.32) |
| Tax Provision | (0.50) | (0.49) | (5.93) | (0.50) | (0.17) |
| Net Income | (35.12) | (63.02) | (67.99) | (25.61) | (23.16) |
| Net Income to Common | (27.21) | (56.86) | (61.39) | (25.61) | (23.16) |
| Net Margin % | (81.3%) | (146.0%) | (116.6%) | (115.6%) | (545.5%) |
| Diluted EPS | -$0.14 | -$0.30 | -$0.34 | -$0.18 | -$0.22 |
| Basic EPS | -$0.14 | -$0.30 | -$0.34 | -$0.18 | -$0.22 |
| Diluted Avg Shares | 191.4 | 186.9 | 182.0 | 144.0 | 105.5 |
| Basic Avg Shares | 191.4 | 186.9 | 182.0 | 144.0 | 105.5 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 41.56 | 52.40 | 91.93 | 26.90 |
| Receivables | 5.04 | 4.94 | — | — |
| Inventory | 9.93 | 5.32 | 10.99 | 9.68 |
| Other Current Assets | 76.98 | 47.15 | 26.22 | 13.34 |
| Total Current Assets | 133.52 | 109.81 | 129.14 | 49.92 |
| Net PPE | 40.51 | 41.16 | 37.47 | 31.68 |
| Operating Lease ROU | 3.05 | 3.08 | 0.48 | 0.22 |
| Intangible Assets | 1.26 | 1.47 | 1.47 | 1.48 |
| Other Assets | 273.33 | 274.90 | 273.35 | 276.08 |
| Total Assets | 451.66 | 430.42 | 441.90 | 359.38 |
| Current Lease Liabilities | 0.31 | 0.19 | 0.16 | 0.07 |
| Other Current Liabilities | 11.74 | 13.49 | 9.31 | 19.65 |
| Total Current Liabilities | 12.05 | 13.68 | 9.47 | 19.72 |
| Long-term Debt | 110.22 | 109.99 | 109.31 | — |
| Long-term Lease Liabilities | 3.01 | 3.08 | 0.33 | 0.18 |
| Other Liabilities | 45.18 | 45.30 | 45.03 | 44.56 |
| Total Liabilities | 170.46 | 172.04 | 164.15 | 64.46 |
| Retained Earnings | (202.30) | (207.70) | (186.18) | (181.42) |
| Total Equity | 281.20 | 258.38 | 277.76 | 294.92 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 41.56 | 52.40 | 39.70 | 7.49 | 57.08 |
| Short-term Investments | — | — | 24.05 | 16.89 | (0.49) |
| Receivables | 5.04 | 4.94 | 0.00 | — | — |
| Inventory | 9.93 | 5.32 | 20.97 | 0.01 | — |
| Other Current Assets | 76.98 | 47.15 | 2.70 | 0.93 | — |
| Total Current Assets | 133.52 | 109.81 | 87.41 | 25.32 | — |
| Net PPE | 40.51 | 41.16 | 24.02 | 14.97 | — |
| Operating Lease ROU | 3.05 | 3.08 | 0.31 | 0.46 | — |
| Intangible Assets | 1.26 | 1.47 | 0.47 | 0.51 | — |
| Long-term Investments | — | — | 0.84 | 3.05 | — |
| Other Assets | 273.33 | 274.90 | 279.67 | 282.26 | — |
| Total Assets | 451.66 | 430.42 | 392.72 | 326.57 | — |
| Current Lease Liabilities | 0.31 | 0.19 | 0.13 | 0.18 | — |
| Other Current Liabilities | 11.74 | 13.49 | 29.95 | 6.10 | — |
| Total Current Liabilities | 12.05 | 13.68 | 30.08 | 6.28 | — |
| Long-term Debt | 110.22 | 109.99 | 0.00 | — | — |
| Long-term Lease Liabilities | 3.01 | 3.08 | 0.20 | 0.29 | — |
| Other Liabilities | 45.18 | 45.30 | 43.90 | 58.03 | — |
| Total Liabilities | 170.46 | 172.04 | 74.18 | 64.60 | — |
| Retained Earnings | (202.30) | (207.70) | (150.85) | (89.46) | — |
| Total Equity | 281.20 | 258.38 | 318.54 | 261.97 | 195.58 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Net Income | 2.51 | (22.41) | (6.39) | (8.84) |
| D&A | 1.23 | 1.80 | 1.25 | 1.18 |
| Stock-Based Comp | 2.37 | 2.10 | 0.48 | 0.75 |
| Δ Working Cap & Other | (27.54) | 31.45 | (15.63) | (2.99) |
| Operating Cash Flow | (21.43) | 12.94 | (20.30) | (9.89) |
| CapEx | — | (5.78) | (6.03) | (4.22) |
| Other Investing | (5.97) | (26.73) | (5.57) | 9.81 |
| Investing Cash Flow | (5.97) | (32.51) | (11.60) | 5.59 |
| Stock Issuance | — | 0.00 | 0.00 | 0.00 |
| Other Financing | 17.95 | (19.56) | 97.75 | 1.13 |
| Financing Cash Flow | 17.95 | (19.56) | 97.75 | 1.13 |
| Free Cash Flow | — | 7.15 | (26.33) | (14.11) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | (35.12) | (63.02) | (67.99) | (25.61) | (23.16) |
| D&A | 5.46 | 5.38 | 3.26 | 5.66 | 0.74 |
| Stock-Based Comp | 5.70 | 4.20 | 4.79 | 3.46 | 4.33 |
| Δ Working Cap & Other | (14.72) | 28.45 | 14.74 | (6.50) | (2.22) |
| Operating Cash Flow | (38.68) | (24.99) | (45.20) | (22.99) | (20.31) |
| CapEx | — | (20.00) | (11.35) | (7.73) | (0.98) |
| Other Investing | (44.48) | (26.23) | (18.64) | (56.89) | (10.32) |
| Investing Cash Flow | (44.48) | (46.22) | (29.99) | (64.62) | (11.30) |
| Stock Issuance | — | 0.00 | 2.01 | 49.44 | 0.00 |
| Other Financing | 97.27 | 84.74 | 105.41 | (3.54) | 75.96 |
| Financing Cash Flow | 97.27 | 84.74 | 107.42 | 45.90 | 75.96 |
| Free Cash Flow | — | (44.99) | (56.55) | (30.71) | (21.29) |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Current Ratio | 11.08 | 8.03 | 13.64 | 2.53 |
| Quick Ratio | 10.25 | 7.64 | 12.48 | 2.04 |
| Debt / Equity | 0.61 | 0.67 | 0.59 | 0.22 |
| EBITDA Margin % | 61.1% | (121.4%) | (144.1%) | (493.9%) |
| Working Capital | 121.47 | 96.13 | 119.67 | 30.20 |
| Net Debt | 68.66 | 57.58 | 17.38 | — |
| ROE % | 0.9% | (8.7%) | (2.3%) | (3.0%) |
| ROA % | 0.6% | (5.2%) | (1.4%) | (2.5%) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | 11.08 | 8.03 | 2.91 | 4.03 | — |
| Quick Ratio | 10.25 | 7.64 | 2.21 | 4.03 | — |
| Debt / Equity | 0.61 | 0.67 | 0.23 | 0.25 | — |
| EBITDA Margin % | (80.3%) | (139.9%) | (118.1%) | (158.3%) | (593.1%) |
| Working Capital | 121.47 | 96.13 | 57.33 | 19.04 | — |
| Net Debt | 68.66 | 57.58 | (39.70) | — | — |
| ROE % | (12.5%) | (24.4%) | (21.3%) | (9.8%) | (11.8%) |
| ROA % | (7.8%) | (14.6%) | (17.3%) | (7.8%) | — |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-06-16 | HEILI WAYNE W. | Director | 2026-06-12 | P | 35,000 | $1.44 | $50,400 |
| 2026-06-15 | PELIZZA MARK S | Director | 2026-06-12 | P | 723 | $1.39 | $1,005 |
| 2026-06-15 | PELIZZA MARK S | Director | 2026-06-11 | P | 99,182 | $1.37 | $135,879 |
| 2026-06-11 | Little Richard H | Director, Officer (Chief Executive Officer) | 2026-06-09 | P | 50,000 | $1.28 | $64,000 |
| 2026-05-20 | SHERIFF WILLIAM M | Director, Officer (Executive Chairman) | 2026-05-19 | P | 25,000 | $1.39 | $34,750 |
| 2026-05-20 | SHERIFF WILLIAM M | Director, Officer (Executive Chairman) | 2026-05-18 | P | 50,000 | $1.49 | $74,500 |
| 2026-05-20 | SHERIFF WILLIAM M | Director, Officer (Executive Chairman) | 2026-05-18 | P | 25,000 | $1.47 | $36,750 |
| 2026-05-05 | McCoig Dain A | Officer (Chief Operating Officer) | 2026-05-01 | M | 22,275 | — | $0 |
| 2026-05-05 | McCoig Dain A | Officer (Chief Operating Officer) | 2026-05-01 | F | (5,424) | $1.87 | -$10,143 |
| 2026-05-05 | McCoig Dain A | Officer (Chief Operating Officer) | 2026-05-01 | M | (22,275) | — | $-0 |
| 2026-04-22 | Little Richard H | Director, Officer (Chief Executive Officer) | 2026-04-20 | A | 100,000 | — | $0 |
| 2026-04-22 | Little Richard H | Director, Officer (Chief Executive Officer) | 2026-04-20 | A | 300,000 | — | $0 |
| 2026-02-10 | SHERIFF WILLIAM M | Director, Officer (See Remarks) | 2026-02-09 | S | (12,000) | $2.80 | -$33,600 |
| 2026-02-10 | SHERIFF WILLIAM M | Director, Officer (See Remarks) | 2026-02-06 | S | (12,000) | $2.72 | -$32,640 |
| 2026-01-09 | SHERIFF WILLIAM M | Director, Officer (See Remarks) | 2026-01-07 | S | (10,000) | $2.81 | -$28,100 |
| 2026-01-06 | SHERIFF WILLIAM M | Director, Officer (See Remarks) | 2026-01-02 | S | (24,000) | $2.72 | -$65,280 |
| 2026-01-06 | SHERIFF WILLIAM M | Director, Officer (See Remarks) | 2026-01-02 | S | (16,300) | $2.68 | -$43,684 |
| 2026-01-06 | SHERIFF WILLIAM M | Director, Officer (See Remarks) | 2026-01-02 | S | (2,200) | $2.67 | -$5,874 |
| 2026-01-02 | SHERIFF WILLIAM M | Director, Officer (See Remarks) | 2025-12-30 | S | (16,500) | $2.42 | -$39,930 |
| 2025-12-18 | SHERIFF WILLIAM M | Director, Officer (See Remarks) | 2025-12-16 | S | (24,000) | $2.37 | -$56,880 |
| 2025-12-03 | HEILI WAYNE W. | Director | 2025-12-01 | A | 25,000 | — | $0 |
| 2025-12-03 | HEILI WAYNE W. | Director | 2025-12-01 | A | 100,000 | — | $0 |
| 2025-12-01 | SHERIFF WILLIAM M | Director, Officer (Executive Chairman) | 2025-11-26 | S | (24,000) | $2.65 | -$63,600 |
| 2025-11-10 | Hudson Robert W. | Officer (General Counsel and Secretary) | 2025-10-08 | A | 60,000 | — | $0 |
| 2025-10-15 | Stover Dennis | Director | 2025-10-14 | S | (20,000) | $3.54 | -$70,730 |
| 2025-10-10 | Willette Robert J | Director, Officer (Chief Executive Officer) | 2025-10-08 | A | 181,700 | — | $0 |
| 2025-10-10 | McCoig Dain A | Officer (Chief Operating Officer) | 2025-10-08 | A | 36,000 | — | $0 |
| 2025-10-10 | McCoig Dain A | Officer (Chief Operating Officer) | 2025-10-08 | A | 67,500 | — | $0 |
| 2025-10-10 | PELIZZA MARK S | Director | 2025-10-08 | A | 196,499 | — | $0 |
| 2025-10-10 | SHERIFF WILLIAM M | Director, Officer (Executive Chairman) | 2025-10-08 | A | 482,589 | — | $0 |
| 2025-10-10 | SHERIFF WILLIAM M | Director, Officer (Executive Chairman) | 2025-10-08 | A | 102,500 | — | $0 |
| 2025-10-10 | SHERIFF WILLIAM M | Director, Officer (Executive Chairman) | 2025-10-08 | A | 30,000 | — | $0 |
| 2025-10-10 | Tewalt Nathan | Director | 2025-10-08 | A | 145,000 | — | $0 |
| 2025-10-10 | Harris William B. | Director | 2025-10-08 | A | 231,266 | — | $0 |
| 2025-10-10 | Stover Dennis | Director | 2025-10-08 | A | 200,133 | — | $0 |
| 2025-10-10 | Hoxie-Key Susan | Director | 2025-10-08 | A | 175,133 | — | $0 |
| 2025-10-10 | Kremke Kevin L | Officer (Chief Financial Officer) | 2025-10-08 | A | 250,000 | — | $0 |
| 2025-10-10 | Kremke Kevin L | Officer (Chief Financial Officer) | 2025-10-08 | A | 250,000 | — | $0 |
| 2025-10-10 | Willette Robert J | Director, Officer (Chief Executive Officer) | 2025-09-24 | A | 125,000 | — | $0 |
| 2025-10-10 | Willette Robert J | Director, Officer (Chief Executive Officer) | 2025-09-24 | A | 500,000 | — | $0 |
| 2025-10-10 | Willette Robert J | Director, Officer (Chief Executive Officer) | 2025-09-24 | A | 125,000 | — | $0 |
| 2025-10-09 | Harris William B. | Director | 2025-10-07 | S | (80,000) | $3.41 | -$272,800 |
| 2025-10-09 | Stover Dennis | Director | 2025-10-07 | S | (20,000) | $3.33 | -$66,600 |
| 2025-09-26 | SHERIFF WILLIAM M | Director, Officer (Executive Chairman) | 2025-09-24 | A | 320,000 | — | $0 |
| 2025-09-26 | McCoig Dain A | Officer (Chief Operating Officer) | 2025-09-24 | A | 100,000 | — | $0 |
| 2025-09-26 | McCoig Dain A | Officer (Chief Operating Officer) | 2025-09-24 | A | 500,000 | — | $0 |
| 2025-09-26 | McCoig Dain A | Officer (Chief Operating Officer) | 2025-09-24 | A | 100,000 | — | $0 |
| 2025-05-15 | Harris William B. | Director | 2025-05-13 | X | 116,667 | $0.44 | $51,333 |
| 2025-05-15 | Harris William B. | Director | 2025-05-13 | X | (116,667) | — | $-0 |
| 2025-05-07 | PELIZZA MARK S | Director | 2025-05-05 | X | 100,000 | $0.45 | $45,000 |
| 2025-05-07 | PELIZZA MARK S | Director | 2025-05-05 | X | (100,000) | — | $-0 |
| 2025-04-07 | SHERIFF WILLIAM M | Director, Officer (Executive Chairman) | 2025-04-03 | P | 20,000 | $1.22 | $24,400 |
| 2025-04-07 | SHERIFF WILLIAM M | Director, Officer (Executive Chairman) | 2025-04-03 | P | 20,000 | $1.20 | $24,000 |
| 2025-04-07 | SHERIFF WILLIAM M | Director, Officer (Executive Chairman) | 2025-04-03 | P | 10,000 | $1.21 | $12,100 |
| 2025-03-24 | SHERIFF WILLIAM M | Director, Officer (Executive Chairman) | 2025-03-24 | P | 35,000 | $1.66 | $57,936 |
| 2025-03-24 | SHERIFF WILLIAM M | Director, Officer (Executive Chairman) | 2025-03-20 | P | 25,000 | $1.60 | $40,000 |
| 2025-03-24 | SHERIFF WILLIAM M | Director, Officer (Executive Chairman) | 2025-03-06 | P | 30,000 | $1.65 | $49,500 |
| 2025-03-24 | SHERIFF WILLIAM M | Director, Officer (Executive Chairman) | 2025-03-05 | P | 25,000 | $1.67 | $41,750 |
| 2025-03-24 | SHERIFF WILLIAM M | Director, Officer (Executive Chairman) | 2025-03-04 | P | 35,000 | $1.38 | $48,300 |
| 2025-03-11 | Stover Dennis | Director | 2025-03-07 | P | 3,000 | $1.57 | $4,710 |
| 2025-03-06 | SHERIFF WILLIAM M | Director, Officer (Executive Chairman) | 2025-03-04 | P | 35,000 | $1.65 | $57,694 |
| 2025-03-06 | SHERIFF WILLIAM M | Director, Officer (Executive Chairman) | 2025-03-04 | P | 35,000 | $2.90 | $101,423 |
| 2025-02-04 | SHERIFF WILLIAM M | Director, Officer (Executive Chairman) | 2025-02-03 | S | (24,000) | $3.20 | -$76,848 |
| 2025-01-10 | SHERIFF WILLIAM M | Director | 2025-01-02 | S | (24,000) | $3.55 | -$85,094 |