Energy Fuels Q2 2026: Revenue surges 496% to $25.1M; net loss widens 53% to -$33.4M

Filed August 5, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 6, 2025 · ~2 min read

Key Changes

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  Revenue surged 496.1% YoY to $25.1M in Q2 2026, driven by uranium sales of 310k lbs (6x increase) at $80.48/lb vs 50k lbs at $77/lb in Q2 2025. Uranium production rose 5x to 1.66M lbs in H1 2026 from 330k lbs in H1 2025 as the Mill completed its conventional ore processing campaign.

  MD&A: Uranium Operations verify on EDGAR →
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  Net loss widened 53.0% to $33.4M ($0.13/share) in Q2 2026 from $71.1M ($0.19/share) in Q2 2025, despite operating loss widening 17% to $30.6M. The improvement reflects lower uranium production costs ($34.48/lb vs $53.17/lb) and higher sales volumes, partially offset by $10.7M in transaction costs for the ASM and VAC acquisitions.

  MD&A: Financial Results verify on EDGAR →
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  Announced $1.9B acquisition of VAC (global magnet producer) on June 23, 2026, for $718M cash plus 65.9M shares, expected to close Q1 2027. Secured $250M senior secured term loan commitment from Goldman Sachs and conditional $725M, 20-year DOE loan to fund Mill expansions and U.S. metals/alloys facility.

  MD&A: Transactions; Notes verify on EDGAR →