enCore Energy (EU) Q3 FY2026 earnings: revenue $17 million, up 88.1% on the year
enCore Energy Corp. (EU) reported revenue of $17 million for Q3 FY2026, the quarter ended 30 September 2026, up 88.1% on the same quarter a year earlier. Net income was -$34 million, and diluted earnings per share $-0.17. The figures are the company's own, from the 10-Q it filed with the SEC on 12 November 2026.
Revenue
$17 million
+88.1% on the year · +6.3% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
-141.2%
-158.2% a year earlier
Q4 FY2024Q3 FY2026
Net income
-$34 million
Q4 FY2024Q3 FY2026
Diluted EPS
-$0.17
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 2 kept.
Revenue rose on higher deliveries: Revenue was $16.7 million against $8.9 million a year earlier, reflecting 200,000 pounds delivered versus 130,000 pounds.
Quarterly net loss per share widened: Net loss attributable to enCore was $33.9 million, or $0.17 per share, against $4.8 million, or $0.03 per share, a year earlier.
Gross result turned to a loss: Gross loss was $0.8 million against gross profit of $3.9 million a year earlier, mainly due to higher-cost purchased uranium in sales.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
-4.9
-21.1
-20.3
Capital expenditure
n/a
n/a
6.0
Free cash flow
n/a
n/a
-26.3
Free cash flow margin
n/a
n/a
-296.6%
Cash from investing
-5.7
-5.5
-11.6
Cash from financing
0.0
0.0
97.7
Depreciation and amortisation
1.5
1.7
1.2
-12.4%
+19.1%
Share-based compensation
1.4
2.2
0.5
-35.2%
+199.2%
Diluted shares, weighted
194m
194m
187m
+0.0%
+3.7%
Shares outstanding at period end
194m
194m
187m
+0.0%
+3.8%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
186
222
249
-16.0%
-25.0%
Non-controlling interest
21.3
23.3
29.2
-8.5%
-27.1%
Short-term borrowings
n/a
n/a
0.0
Debt
111
110
109
+0.2%
+1.3%
Operating lease liabilities
2.8
2.9
0.3
-3.0%
+728.1%
Other liabilities
56.0
58.2
54.5
-3.8%
+2.8%
Total liabilities and equity
377
417
442
-9.5%
-14.7%
Fixed assets
42.8
40.3
37.5
+6.2%
+14.3%
Intangible assets
1.2
1.2
1.5
-0.2%
-15.2%
Cash and equivalents
5.1
21.8
91.9
-76.8%
-94.5%
Receivables
0.0
0.0
n/a
Inventory
6.4
14.4
11.0
-55.5%
-41.7%
Other assets
322
339
300
-5.1%
+7.2%
Total assets
377
417
442
-9.5%
-14.7%
Questions
What was enCore Energy's revenue in Q3 FY2026?
enCore Energy (EU) reported revenue of $17 million for Q3 FY2026, the quarter ended 30 September 2026, up 88.1% on the same quarter a year earlier.
How much did enCore Energy earn in Q3 FY2026?
Net loss for Q3 FY2026 was $34 million, and the diluted loss per share $0.17.
When did enCore Energy report Q3 FY2026 results?
enCore Energy filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 12 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 12 November 2026: the filing.